Global Fluorocarbon Rubber Market: Introduction
Fluorocarbon rubber is a highly fluorinated carbon based polymers which has a high degree of chemical resistance. Fluorocarbon rubber is also known by the name of fluorocarbon elastomers, where the material operates under wide temperature range. Owing to its wide range of chemical compatibility, low compression set, excellent aging characteristics and temperature range, fluorocarbon rubber is widely used for sealing and fluid transportation application in numerous industries. The unique characteristics of fluorocarbon rubber makes it popular choice in harsh chemical and environmental operating conditions. Fluorocarbon rubber is considered to be operating between the temperature ranges of -26oC to 230oC. Carbon-fluorine bond in fluorocarbon rubber makes it superior over traditional elastomers. Over the years fluorocarbon rubber has found its importance as sealing material in various end use industries such as oil & gas, automotive & aerospace, chemical & petrochemicals, pharmaceuticals, and food among others. Fluorocarbon rubber materials are manufactured according to ASTM International standard D1418. Fluorocarbon rubber is marketed under its numerous brand names such as Viton®, Dai-El, Dyneon, Tecnoflon and Elaftor among others.
Global Fluorocarbon Rubber Market: Dynamics
The swift growth of industrialization across the globe can be attributed as primary factor responsible for the growth of fluorocarbon rubber market. Along with rapid industrial development there is need for efficient performance harsh operating conditions which creates the positive outlook for the fluorocarbon rubber market. Rising oil & gas exploration activities around the world is estimated to positively influence the global fluorocarbon market. Rapid growth of chemicals and petrochemicals industry is expected to drive the demand for fluorocarbon rubber as sealing agent. Increasing automotive production along with aerospace industry growth is expected to positively influence the global fluorocarbon rubber market. Pharmaceutical industry growth and growing food processing industry is anticipated to up surge the demand for fluorocarbon rubber. Nitrile rubber elastomers and neoprene rubber are lower cost alternatives for fluorocarbon rubber, which may act as a restraining factor for the market growth. In the recent past few of the prominent manufacturers have expanded their production capabilities of fluorocarbon rubber, which is expected to create positive outlook for the market.
Global Fluorocarbon Rubber Market: Segmentation
The global fluorocarbon rubber market can be segmented on the basis of its type, raw material type, crosslinking mechanism type, application and end use industry.
The global fluorocarbon rubber market is segmented on the basis of its type:
The global fluorocarbon rubber market is segmented on the basis of its raw material type:
The global fluorocarbon rubber market is segmented on the basis of crosslinking mechanism:
The global fluorocarbon rubber market is segmented on the basis of its application:
The global fluorocarbon rubber market is segmented on the basis of its end-use industry:
Global Fluorocarbon Rubber Market: Regional Outlook
Increasing oil & gas exploration activities coupled with the growth chemicals, pharmaceuticals and food industries in North America makes it a substantial market for fluorocarbon rubber. Swift industrialization, growing automotive production along with substantial growth of chemicals & petrochemicals industry, pharmaceutical industry, and food processing industry has been witnessed in Asia Pacific region, hence Asia Pacific region is estimated to be prominent market for fluorocarbon rubber. Europe can be attributed as a promising market for fluorocarbon rubber owing to predominance petrochemicals & chemical, pharmaceutical and food industry. Increasing automotive production, rise in oil & gas production and speedy industrial growth makes Latin America a strong market for fluorocarbon rubber. The pre-dominance of oil & gas industry along with petrochemical industry makes Middle East & Africa a potential market for fluorocarbon rubber.
Global Fluorocarbon Rubber Market: Key Participants
Some of the key participants identified in the global fluorocarbon rubber market are:
The Chemours Company, DAIKIN Industries, Ltd. 3M Company, Solvay, Shin-Etsu Chemical Co., Ltd., HaloPolymer Trading Inc., AGC Chemicals Americas, Momentive Performance Materials, Shandong Dongyue Shenzhou New Material Co, SSP Manufacturing Inc, Chang Horing Rubber Co., Ltd. and Dalian Richon Chem Co. Ltd. among others.
The Fluorocarbon Rubber market research report presents a comprehensive assessment of the Fluorocarbon Rubber market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Fluorocarbon Rubber market research report provides analysis and information according to Fluorocarbon Rubber market segments such as geographies, application and industry.
The report covers exhaustive analysis on,
Regional analysis includes,
The Fluorocarbon Rubber Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Fluorocarbon Rubber market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Fluorocarbon Rubber market segments and geographies.