Fluoroelastomers Market is expected to grow at a CAGR of more than 7.00% in 2020

Reports And Markets Publish a New Market Research Report On –"Fluoroelastomers Market - Segmented by Product Type, By End-User Industry, and Geography - Trends and Forecasts (2017 - 2022)"

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The global fluoroelastomers market shipped XX.XX kilotons of fluoroelastomers in 2015, and it is expected to grow at a CAGR of XX.XX% to reach 32.5 kilotons by 2020. The market was valued at USD XX.XX millions in 2015, and is expected to grow at a CAGR of more than 7.00% to reach USD 1,096.12 million in 2020. Fluoroelastomer, a type of synthetic rubber, contain a high ratio of fluorine to hydrogen and can maintain their inherent characteristics at very high temperatures, ranging from 26 °C to 230 °C. The major type of fluoroelastomers include Fluorocarbon Elastomers, Fluorosilicone Elastomers, and Perfluorocarbon Elastomers.

Fluoroelastomers, owing to their superior chemical and physical properties, such as excellent heat-stability, incomparable resistance to chemicals, oil, and heat, and ability to work in extreme climates, are an integral part of various major applications in major commercial and industrial sectors. In the Fluoroelastomers market report, we have taken the following applications into consideration Diaphragms, Valves, O-rings, Seals and sealants, and Others (Optical jacketing, Contaminant solutions, etc.).

The market has also been segmented by major end-user sectors, including Automotive, Aerospace, Process Industries, Energy & Power, Electronics (Superconductors), Healthcare, and Others. The Automotive end-user segment accounted for XX.XX% share of the Global Fluoroelastomers market in 2015.

This market is driven by a number of factors, such as demand from automobile manufacturers, product enhancement in sealing applications, and increasing applications of perfluorocarbon elastomers. However, this market faces certain drawbacks, such as processing and compounding constraints and premium pricing of fluoroelastomers. These factors may act as a roadblock to the growth of the market.

The market has also been geographically segmented based on consumption and revenue. The regional analysis includes Asia-Pacific, North America, Europe, South America, and Middle-East and Africa. The regions have further been divided into major countries. In terms of consumption in 2015, China led the market with a share of XX.XX%.

It was followed by India, Germany, and United States. Owing to the growing consumption of these elastomers in the major end-user industries in China and increasing economic development in the country, combined with the growing emphasis on greener vehicles, fluoroelastomers consumption is increasing in the country.

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Furthermore, the increasing applications in aerospace sector and growing use of fluoroelastomers in sealing applications will offer numerous opportunities in the growth of the global fluoroelastomers market. The major companies and vendors in the market include 3M Company, Asahi Glass, Daikin Industries, Dongyue Group, DuPont, Eagle Elastomer, Halopolymer, Honeywell International, Lanxess, Shanghai 3F New Material Co., and Solvay.

Key Deliverables in the Study

Market analysis for the global fluoroelastomers market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the global fluoroelastomers market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and identification of the regions that are still untapped

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