Press release
Global Fluoroelastomers (FKM) Market to Reach New Heights Driven by Wearable Device Demand
Fluoroelastomers (FKM) Market
Fluoroelastomers are a special type of synthetic rubber known for their broad chemical resistance and ability to perform in high-temperature environments. They are commonly used to make products such as O-rings, gaskets, shaft seals, diaphragms, and valve stem seals.
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Market Drivers
The demand for pharmaceutical- and food-grade fluoroelastomers is on the rise, with manufacturers producing materials that meet stringent safety and performance standards. These elastomers excel in temperature tolerance, durability, and chemical resistance, making them ideal for use in wearable bands for modern smart devices.
Their strong tensile strength and long lifespan allow them to endure regular cleaning and disinfection without losing performance, in compliance with ISO 10993 guidelines for body contact materials.
Market Restraints
Despite their benefits, the high cost of fluoroelastomers compared to other elastomers remains a challenge. As specialty polymers, they are more expensive, which limits their adoption in certain applications. Manufacturers are working on more affordable blends that can match the performance of pure FKMs.
Product Type Insights
The market is segmented into fluorocarbon, fluorosilicone, and perfluoroelastomers:
Fluorocarbon held the largest market share in 2022. Its low visibility underwater and abrasion resistance make it popular in fishing applications, allowing stronger lines in clear water without spooking fish.
Fluorosilicone is expected to see steady growth due to its use in O-rings, gaskets, and seals. It offers stability at high temperatures and better resistance to fuel, oil, and chemicals, making it suitable for aerospace and oil & gas industries.
Application Insights
By application, the market is segmented into O-rings, seals & gaskets, hoses, and others:
O-rings are expected to grow steadily as they are highly resistant to chemicals, fuels, and oils. They perform well in high-temperature environments ranging from -20°C to 200°C, depending on the FKM grade.
Seals & gaskets are anticipated to hold a significant share due to their ability to resist deformation and maintain sealing performance over long periods, even when exposed to aggressive chemicals.
Fluoroelastomers (FKM) Market Top Companies and Competitive Landscape
The Chemours Company, Solvay, 3M, DAIKIN INDUSTRIES, Ltd., Gujarat Fluorochemicals Limited, Asahi India Glass Limited, DONGYUE GROUP, Halopolymer, James Walker, and Shin-Etsu Chemical Co., Ltd
Fluoroelastomers (FKM) Market Latest Industry Updates
On 15 July 2019, According to Britishplastics, Biesterfeld extended its collaboration with Solvay Speciality Polymer and, effective August 2019, assumed responsibility for the distribution of fluoroelastomers across Europe, Russia, and Brazil. This included the recently developed FKM polymers under the Tecnoflon brand, which have outstanding chemical resistance to a wide range of media, including oils, solvents, lubricants, and fuels. Tecnoflon Fluoroelastomers (FKM) is frequently utilized in hoses and seals and is mostly seen in the automotive sector owing to its unique characteristics.
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Fluoroelastomers (FKM) Market Market Segmentation Analysis
For the purpose of this report, Emergen Research has segmented the global Fluoroelastomers (FKM) market on the basis of type, application, end-use, and region:
Type Outlook (Revenue, USD Million; 2019-2032)
Fluorocarbon
Fluorosilicone
Perfluoroelestomers
Application Outlook (Revenue, USD Million; 2019-2032)
O-rings
Seals & Gaskets
Hoses
Others
End-use Outlook (Revenue, USD Million; 2019-2032)
Automotive
Aerospace
Chemicals
Oil & Gas (O&G)
Energy & Power
Pharmaceutical & Food
Regional Outlook (Revenue, USD Million; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
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