플루오로엘라스토머 시장 예측(-2030년) : 제품 유형, 모노머 유형, 용도, 최종사용자, 지역별 세계 분석

According to Stratistics MRC, the Global Fluoroelastomers Market is accounted for $1.41 billion in 2023 and is expected to reach $1.98 billion by 2030 growing at a CAGR of 4.9% during the forecast period. Fluoroelastomer is a class of synthetic rubber that is highly resistant to high temperatures, heat, and chemical changes. Ozone resistance, low gas absorption rate, compression, and other characteristics have made fluoroelastomers popular in a variety of industries, including food processing, petrochemicals, aerospace, and automotive. Fluroelastomers also provide long-term durability even when exposed to corrosive chemicals, so they are adopted in the chemical as well as aerospace industries.

According to the International Energy Agency, in 2019, global electric vehicle production has been reached around 140 million vehicles, excluding two and three-wheelers.

Market Dynamics:

Driver:

Chemical resistance

Fluoroelastomers, primarily composed of fluorine, carbon, and hydrogen atoms, exhibit unparalleled resistance to a wide range of aggressive chemicals, corrosive fluids, and solvents. This unique property makes fluoroelastomers highly sought in industries where exposure to harsh chemical environments is common. This chemical resistance not only ensures the durability and longevity of the elastomers but also contributes to the reliability and safety of the equipment and systems in which they are employed. These factors accelerate market demand.

Restraint:

High price of fluoroelastomers

The production of fluoroelastomers involves complex manufacturing processes and the use of specialized raw materials, including fluorinated monomers. The scarcity and high cost of these raw materials, coupled with the intricate synthesis methods, contribute to the elevated production costs of fluoroelastomers. As a result, the market witnesses a higher price point for fluoroelastomer products compared to other elastomers. This poses a significant challenge, particularly for cost-sensitive industries and manufacturers seeking economically viable alternatives.

Opportunity:

Rising focus on lightweight materials in aerospace

As the aerospace sector continually seeks to enhance fuel efficiency and reduce overall weight in aircraft components, fluoroelastomers emerge as valuable materials due to their lightweight nature and high-performance characteristics. These elastomers, known for their excellent chemical resistance and thermal stability, find applications in seals, gaskets, O-rings, and other critical components within aircraft systems. As a result, the focus on lightweight materials in aerospace is a significant factor propelling market growth.

Threat:

Environmental concerns

Fluoroelastomers, while exhibiting exceptional chemical resistance and high-temperature stability, often involve the use of perfluorinated compounds during their manufacturing process. The production of fluoroelastomers may contribute to the release of perfluorinated substances into the environment, posing challenges in terms of sustainability and environmental impact. However, as environmental consciousness grows, industries are under pressure to adopt more eco-friendly alternatives, which impacts market expansion.

Covid-19 Impact

The COVID-19 pandemic initially disrupted the fluoroelastomers market with supply chain interruptions, manufacturing slowdowns, and decreased demand amid economic uncertainty. However, sectors reliant on fluoroelastomers, like healthcare, automotive, and aerospace, continued to demand these materials for critical applications. As industries recovered and adapted to pandemic-induced challenges, the fluoroelastomers market gradually rebounded, witnessing resurgence in demand driven by increased emphasis on high-performance materials, stringent regulatory standards, and the ongoing need for advanced sealing solutions across various industries.

The Fluorosilicone elastomers segment is expected to be the largest during the forecast period

The Fluorosilicone elastomers segment is estimated to hold the largest share. Fluorosilicone elastomers are elastomeric compounds synthesized by incorporating both fluorocarbon and silicone elements into their molecular structure. This unique combination imparts distinct properties, blending the excellent chemical resistance of fluorocarbons with the flexibility and thermal stability of silicones. Fluorosilicone elastomers are particularly valued in aerospace and automotive applications, serving as critical components in seals, gaskets, and O-rings.

The O-Rings segment is expected to have the highest CAGR during the forecast period

The O-Rings segment is anticipated to have lucrative growth during the forecast period. O-rings play a fundamental role in creating effective seals and preventing fluid or gas leakage in diverse industrial applications. These O-rings exhibit exceptional chemical resistance, thermal stability, and resilience, making them indispensable in industries where harsh operating conditions are prevalent. Moreover, the chemical resistance of fluoroelastomer O-rings makes them ideal for use in the chemical processing industry, safeguarding equipment against corrosive substances.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period owing to robust industrialization, expanding manufacturing activities, and a growing emphasis on technological advancements. The automotive industry in the region, particularly in China and Japan, plays a significant role in driving the demand for fluoroelastomers. Moreover, the region's commitment to sustainable and energy-efficient technologies, including electric vehicles, further fuels the demand for fluoroelastomers.

Region with highest CAGR:

North America is expected to witness profitable growth over the projection period, owing to robust industrial landscape and technological innovation. In the automotive industry, particularly in the United States, fluoroelastomers find extensive use in the production of seals, gaskets, and O-rings, where their chemical resistance and thermal stability are crucial. The region's commitment to advancing electric vehicles further propels the demand for fluoroelastomers in cutting-edge applications.

Key players in the market

Some of the key players in the Fluoroelastomers Market include 3M, Eagle Elastomers Inc., Asahi Glass Co., Ltd., Shin-Etsu Chemical Co., Ltd, Shanghi Fluoron Chemicals Co., Halopolymer Ojsc, Marco Rubber & Plastics, LLC., Shanghai 3F New Materials Co., Ltd, Dynamix, Gujarat Fluorochemicals Ltd., Precision Polymer Engineering/IDEX, Chemours Company and Solvay SA.

Key Developments:

In April 2023, 3M Health Information Systems (HIS) announces a collaboration with Amazon Web Services (AWS) to accelerate the innovation and advancement of 3M M*Modal ambient intelligence.

In June 2022, Solvay announced that it is introducing to the market a new portfolio of high-performance Tecnoflon peroxide curable fluoroelastomers (FKM) produced without the use of fluorosurfactants.

Product Types Covered:

• Fluorosilicone Elastomers
• Fluorocarbon Elastomers
• Perfluoroelastomers
• Other Product Types

Monomer Types Covered:

• Ethylene
• Tetrafluoroethylene
• Propylene
• Hexafluoropropylene
• Perfluoromethylvinylether
• Vinylidene Fluoride
• Other Monomer Types

Applications Covered:

• Hoses
• O-Rings
• Seals and Gaskets
• Molded Parts
• Diaphragms
• Coatings
• Other Applications

End Users Covered:

• Automotive
• Oil and Gas
• Healthcare
• Aerospace
• Electronics
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Fluoroelastomers Market, By Product Type

• 5.1 Introduction
• 5.2 Fluorosilicone Elastomers
• 5.3 Fluorocarbon Elastomers
• 5.4 Perfluoroelastomers
• 5.5 Other Product Types

6 Global Fluoroelastomers Market, By Monomer Type

• 6.1 Introduction
• 6.2 Ethylene
• 6.3 Tetrafluoroethylene
• 6.4 Propylene
• 6.5 Hexafluoropropylene
• 6.6 Perfluoromethylvinylether
• 6.7 Vinylidene Fluoride
• 6.8 Other Monomer Types

7 Global Fluoroelastomers Market, By Application

• 7.1 Introduction
• 7.2 Hoses
• 7.3 O-Rings
• 7.4 Seals and Gaskets
• 7.5 Molded Parts
• 7.6 Diaphragms
• 7.7 Coatings
• 7.8 Other Applications

8 Global Fluoroelastomers Market, By End User

• 8.1 Introduction
• 8.2 Automotive
• 8.3 Oil and Gas
• 8.4 Healthcare
• 8.5 Aerospace
• 8.6 Electronics
• 8.7 Other End Users

9 Global Fluoroelastomers Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 3M
• 11.2 Eagle Elastomers Inc.
• 11.3 Asahi Glass Co., Ltd.
• 11.4 Shin-Etsu Chemical Co., Ltd
• 11.5 Shanghi Fluoron Chemicals Co.
• 11.6 Halopolymer Ojsc
• 11.7 Marco Rubber & Plastics, LLC.
• 11.8 Shanghai 3F New Materials Co., Ltd
• 11.9 Dynamix
• 11.10 Gujarat Fluorochemicals Ltd.
• 11.11 Precision Polymer Engineering/IDEX
• 11.12 Chemours Company
• 11.13 Solvay SA