Fluoroelastomer Market- Industry Insights, Trends, Outlook, and Opportunity Analysis, Forecast 2016-2024

1. FLUOROELASTOMER MARKET - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024

2. REPORT DESCRIPTION Fluoroelastomer Market Overview Fluoroelastomers are manufactured by copolymerizing numerous combinations of hexafluoropropylene (CF2=CFCF3), chlorotrifluoroethylene (CF2=CFCl), vinylidene fluoride (CH2=CF2), and tetrafluoroethylene (C2=F4). Also known as fluorinated elastomers, these elastomers have excellent resistance to swelling due to oils, chlorinated solvent, oxygen, ozone, heat, and fuels. Fluoroelastomers are extensively used in automobile industry due to their unique characteristics such as resistance to heat, sealing capability, and mechanical properties. For processes with short duration, fluoroelastomers can be used at higher temperature range of –26°C to 205-230°C. Fluoroelastomers are used for sealing applications in the chemical industry, owing to enhanced properties such as excellent chemical resistance and high operating temperature range. Fluoroelatomeric hoses are used in low pressure applications, paint spray extraction, and extraction at medium temperatures. Fluoroelastomer seals help prevent semiconductor process contamination by lowering extractables, dropping particulates, and resistance against degradation in harsh plasma. Fluoroelastomers are used in highly aggressive semiconductor wafer fabrication, oil & gas recovery, chemical processing, pharmaceutical, and aerospace applications.

3. REPORT DESCRIPTION Fluoroelastomer Market Taxonomy

4. REPORT DESCRIPTION Fluoroelastomer Market Outlook – Need for Heavy-duty and Functional Materials Expected to Fuel Demand Advancements in automotive, chemicals, and aerospace sectors have led to use of complex machinery, in turn requiring highly specialized and functional materials such as fluoroelastomers. Rampant growth of these end-use industries across the globe is in turn providing major impetus for growth of the global fluoroelastomer market. Asia Pacific is one of the major contributors in the market. This is mainly attributed to the booming automotive industry in the emerging economies such as India and China. In 2016, the Indian automotive industry accounted for total revenue of USS 31.84 billion. This along with the 100% FDI in this sector in the country has attracted investors such as Bosch, Continental Engines, ZF, Aisin Seiki Company, Delphi, FAG, Denso, Magneti Marelli, WABCO, TRW and Valeo. This trend is expected to continue over the forecast period, in turn propelling growth of the fluoroelastomer market. High initial price is one of the restraining factors for the fluoroelastomer market. Mergers and acquisitions and development of innovative portfolio are some of the key strategies adopted by the top players in the global fluoroelastomer market. Request to view the table of Content: https://www.coherentmarketinsights.com/ongoing-insight/toc/306

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