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Fluoroelastomers Demand Analysis, By Types, By Applications [O-rings, Gaskets, Seals & Hoses, Complex Molding Parts, Others] & Forecast Analysis, 2032

Fluoroelastomer Market Overview 

The global Fluoroelastomer Market size was valued at USD 1.3 billion in 2023 and is projected to surpass USD 1.9 billion by the end of 2032. The strong growth for fluoroelastomers can be attributed to the growing demand for lightweight and fuel-efficient engines.

Introduction to Fluoroelastomer Market

Fluoroelastomers are synthetic rubbers known for their exceptional resistance to high temperatures, chemicals, and oils. They find wide application in industries such as automotive, aerospace, and chemical processing that require high chemical and heat resistance. The elastomers are made from fluorine-containing monomers like vinylidene fluoride (VDF), hexafluoropropylene (HFP), and tetrafluoroethylene (TFE). Viton and Fluorel are the most common types based on VDF and HFP.

Fluoroelastomers, which are a type of polymer containing fluorine, are typically made using fluorocarbon elastomers (FKM). FKM comprises two or more monomer units that can crystallize unless bulky side groups are incorporated at intervals. To make FKM amorphous in nature, bulky groups made from monomers such as difluoroethylene and tetrafluoroethylene, along with methyl vinyl ether, hexafluoropropylene, and propylene, are used to produce a sustainable product with excellent elastomeric properties.

Fluoroelastomers offer excellent resistance to various chemicals, including acids, fuels, oils, and solvents, making them ideal for use in components like seals, O-rings, hoses, and gaskets. Their use also extends to wire and cable insulation, coatings, and linings for tanks and pipes.
Global Fluoroelastomer Demand, By Region - 2023
Global Fluoroelastomer Demand, By Region - 2022
Source: Secondary & Primary Research and Prismane Consulting estimates


Fluoroelastomer Demand By Region

The global fluoroelastomers market is expected to grow by an average of 4 to 5% annually until 2032, with higher growth rates in countries like China and India. Asia-Pacific is the biggest market at a global level in 2023, accounting for almost 50% of the global fluoroelastomer demand. The region has benefited as some of the automotive and electrical & electronics manufacturing has shifted from Western Europe to Asia-Pacific countries like China, India, Vietnam, South Korea, and other Southeast Asian countries. Asia Pacific is estimated to continue its dominance in the forecast period. North America is the second biggest market, accounting for less than 25%.

Global Fluoroelastomer Demand, By Type - Until 2032
Global Fluoroelastomer Demand, By Type - 2016-2032
Source: Secondary & Primary Research and Prismane Consulting estimates


Fluoroelastomer Demand, By Type

The global fluoroelastomer market is segmented based on types, which include fluorocarbon elastomers (FKM), fluorosilicone elastomers (FVMQ), and Perfluoroelastomers (FFKM). FKM accounted for the largest share in terms of the overall fluoroelastomers market, accounting for more than 90% in 2023. The second biggest fluoroelastomer demand was for fluorosilicone elastomers (FVMQ), accounting for less than 10%, followed by perfluoroelastomers. The global fluorocarbon elastomers (FKM) demand is driven in large part by the development of the automotive, aerospace, and industrial uses and to a lesser degree by other applications like oil & gas and semiconductor.

Global Fluoroelastomer Demand, By Application - Until 2032
Global Fluoroelastomer Demand, By Application - 2016-2032
Source: Secondary & Primary Research and Prismane Consulting estimates


Fluoroelastomer Demand, By Application

In terms of the fluoroelastomer market by application, which includes O-rings, Gaskets, Seals & Hoses, Complex Molding Parts, and Others, fluoroelastomer seals & hoses are most compatible with hydrocarbon fuels and provide excellent chemical and high-temperature resistance. Seals & hoses account for the largest market share of fluoroelastomers and are expected to maintain their market share until 2032. It is likely to increase its market share marginally, while most other major applications are not expected to witness any significant change in their share pattern. Due to technological advancements and product developments in sealing applications, FKM demand for seals & hoses is expected to witness strong growth in the forecast period.

Companies Covered:

  • Chemours
  • Solvay Solexis
  • Daikin
  • Dyneon
  • Solvay Shanghai 3F JV
  • Zhonghao Chenguang Research Institute of Chemical Industry
  • Other Manufacturers

Fluoroelastomer Demand, By End Use Industry

Fluoroelastomers find application in various end-use industries, particularly in the automotive and chemical processing sectors, as they offer the option of replacing metals with plastics to reduce vehicle weight and improve fuel efficiency. Environmental regulations for automobiles are expected to further drive demand for fluoroelastomers, with growth in automobile production and weight reduction initiatives likely to contribute to their increased use in the future.

Recent Developments in the Fluoroelastomers market:

Solvay has announced plans to enhance fluoroelastomers production by 30% at its facility located in Spinetta Marengo, Italy. With the completion of this new capacity in 2021, expectations are that it will contribute to the expansion of the supply of FKM across Europe and enable international exports to the US and China.

Solvay is developing a new range of high-performance Tecnoflon peroxide curable FKM that is manufactured without using fluorosurfactants. The innovative technology, named NFS (non-fluorosurfactant), is a significant step forward in FKM polymerization. The company has initiated mass sampling of the new Tecnoflon Peroxide curable grades in July 2022. Solvay intends to shift Tecnoflon FKM to NFS by Q1 2024. Peroxide curable FKM rubbers are extensively used in various industries such as automotive, aerospace, oil and gas, electronics, and chemical processing.

Chemours, a global chemistry company with significant market positions in Advanced Performance Materials, has developed Advanced Polymer Architecture (APA) grade Viton™ fluoroelastomers. This innovation allows for the production of fluoroelastomers without the need for a fluorinated polymerization aid.

Scope of Report 

The Fluoro Elastomer report describes the global Fluoro Elastomer market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Type, Application and End Use Industry
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Fluoro Elastomer Market data in terms of volume and value for each end-use at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Type
          -  Application
          -  End Use Industry
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2021
          -  Base - 2022
          -  Forecast Period - 2023 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance
      • Automotive
      • Aerospace
      • Oil & Gas
      • Industrial
      • Others
5.  Plants & Projects Analysis
      •  Fluoroelastomers Production Capacity, by Company
      •  Capacity Overview
6.  Introduction to Fluoroelastomers and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
7.  Market Dynamics and Industry Trends 
      •  Market Dynamics and COVID-19 Impact
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
8.  Global Fluoroelastomers Demand Analysis, By Type, By Application, By End Use Industry (Volume, Value) (2016–2032)
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016 – 2032)
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Fluoroelastomers Market, By Type
          - Fluorocarbon Elastomer (FKM)
          - Fluorosilicone Elastomer (VMQ)
          - Perfluoroelastomer (FFKM)
      •  Global Fluoroelastomers Market, By Application
          - O-rings
          - Gaskets
          - Seals & Hoses
          - Complex Molding Parts
          - Others
      •  Global Fluoroelastomers Market, By End Use Industry
          - Automotive
          - Aerospace
          - Oil & Gas          
          - Industrial
          - Others
9.  Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016-2032)
      •  Demand Growth Rate (%)
      •  Fluoroelastomers Market, By Type
      •  Fluoroelastomers Market, By Application
      •  Fluoroelastomers Market, By End Use Industry
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand(consumption) split by type, application and end use industry has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  ASEAN
         -  Rest of Asia-Pacific
      •  Central & South America
      •  Middle East & Africa
Note: CAGR will be calculated for all the type, application and end use industry to arrive at the regional/global demand growth for the forecast period (2022 – 2032)
10.  Pricing Analysis
11.  Key Strategic Issues and Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
12.  Strategic Recommendation & Suggestions
13.  Company Analysis and Market Share Analysis
         -  Basic Details
         -  Headquarter, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Recent Developments
         -  Companies Covered
             - Chemours
             - Solvay Solexis
             - Daikin
             - Dyneon
             - Solvay Shanghai 3F JV
             - Zhonghao Chenguang Research Institute of Chemical Industry
             - Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
13.  Appendices
      •  Demand- Regions
      •  Demand– Countries

Scope of Report 

The Fluoro Elastomer report describes the global Fluoro Elastomer market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Type, Application and End Use Industry
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Fluoro Elastomer Market data in terms of volume and value for each end-use at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Business Opportunity Assessment