Owing to its unique and important characteristics like heat resistance, sealing and mechanical properties, fluoroelastomers are used in number of applications. For example, in the automotive sector, it is used in designing more efficient passenger cars. In the chemical & processing industry it is used to manufacture long lasting equipment.
According to Prismane Consulting's Fluoropolymers & Fluoroelastomer Word Economics Model, the combined total consumption of the three major fluoroelastomers is forecast to grow at an average annual rate of around 3.5 to 5% through 2025, with higher than average for countries like China and India.
A major portion of fluoroelastomer market production goes into manufacturing of o-rings & gaskets for industries such as aerospace, automotive, chemical processing, food & pharmaceuticals and semiconductor fabrications. Asia-Pacific is the largest market in terms of flurorelastomers consumption and is further expected to increase its market share in the short, mid and long-term forecast.
Fluoroelastomers are polymers that contain fluorine. Fluorosilicone elastomers are slightly better than fluorocarbon elastomers as it possess both the qualities of fluorocarbon and silicone. It is also called as fluorovinylmethyl silicone rubber. Fluorosilicone elastomers are used in aerospace and automotive application as fuel emission controls & systems
The growth opportunities for fluoroelastomers (Fluorocarbon, Fluorosilicone, and Perfluoroelastomer) and other engineering plastics in the automotive industry are primarily linked with the industry s drive for lower emission and increased fuel efficiency. Fluoroelastomers also provides the option of replacement of metals with plastics to reduce the weight of the vehicle, achieving fuel efficiency.
Unexplored opportunities of replacing metals in automotive, aerospace, industrial applications as well as electrical and electronics and global tightening of environmental regulations for automobiles to improve fuel mileage, control emission and reduce fuel permeation is expected to is expected to drive the fluoroelastomer market. Growth in production of automobiles and initiatives taken by original equipment manufacturers to reduce weight of the vehicles will further drive thedemand of fluoroelastomer in the long-term forecast
This report has been prepared focusing Fluorosilicone Elastomer and covers worldwide view of Fluorosilicone Elastomer, along with historical perspective, forecast and strategic recommendations.
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