Published: 2019-09-13   Views: 19
Author: abhi3002
Published in: Business
FLUOROSILICONE ELASTOMERS  MARKET Study 2010: Impressive Development To Be Observed Revenue And Growth Rate Across The Globe By 2025

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

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

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.

The global FVMQ demand is estimated to have been 3,423 tons. Strong automotive sales in North America and Asia-Pacific countries like China and India along-with demand from the industrial application is expected to drive the global demand growing at an annual average of 5%.

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 ?uorovinylmethyl 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.

Automotive application will continue to dominate the FVMQ end-use followed by aerospace. In 2017, automotive applications accounted for 57% of the total demand followed by aerospace and Industrial at 16% and 12%, respectively. The third biggest end-use of FVMQ is of industrial applications; however, it accounts for a small volume in comparison to automotive and aerospace. Other trends to gradually reduce the weight to achieve fuel efficiency and stringent emission laws would favour the growth of FVMQ. 


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