Global Fluorosilicone Elastomers Market

Global Fluorosilicone Elastomers Market

The global demand for fluorosiliconeelastomers (FVMQ) market was about 3,423 tons in 2014 and the market isforecast to grow at a CAGR of 5% in the long-term forecast till 2025. Theglobal average operating rates were estimated to be around 56%. Thefluorosilicone elastomers demand is estimated to reach 5049 tons by 2025 owingto the growth in automotive as a result of car build and partly increase theuse of fluorosilicone elastomer for better efficiency. Developments in theaerospace and industrial sector are also expected to add to the growth. 

Global Fluorosilicone Elastomers Demand-Supply Analysis (2010-2025)

In 2010, NorthAmerica, Western Europe and Asia-Pacific accounted for 30%, 26% and 39% ofglobal consumption of fluorosilicone elastomers (FVMQ). There are only 3 majorplayers and the largest capacity is North America. Demand growth in developingeconomies like Asia-Pacific is projected to grow at an average of 7.4%. Central& Eastern Europe is forecast to grow at a CAGR of 4.1%, albeit from a smallbase. There has been some overcapacity globally, the average operating ratesare expected to improve in the long-term forecast.

The global FVMQ demand is estimated tohave been 3,423 tons. Strong automotive sales in North America and Asia-Pacificcountries like China and India along-with demand from the industrialapplication is expected to drive the global demand growing at an annual averageof 5%.

Automotiveapplications will continue to dominate the FVMQ end-use followed by aerospace.In 2017, automotive applications accounted for 57% of the total demand followedby aerospace and Industrial at 16% and 12%, respectively. The third biggestend-use of FVMQ is of industrial applications; however, it accounts for a smallvolume in comparison to automotive and aerospace. Other trends to graduallyreduce the weight to achieve fuel efficiency and stringent emission laws wouldfavour the growth of FVMQ. 

Regional Fluorosilicone Elastomers Demand, 2017 (3423 Tons)

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