Fluororubber Market Size, Share, Growth, and Industry Analysis by Type (Fluororubber 246, Fluororubber TP, Other Types), By Application (Petroleum chemical industry, Automotive, Electronics, Food industry, Aerospace & Defense, Others ) Regional Forecast By 2031

Updated On: 29 April 2024

Fluororubber Market Report Overview

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The global fluororubber market size was expected to be USD 44.62 million in 2021, as per our research, the market is projected to touch USD 73.23 million in 2031, exhibiting a CAGR of 5.08% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

ASTM International standard D1418 and ISO standard 1629 identify it as a family of fluorocarbon-based fluoroelastomer compounds. It is also known as fluorine rubber or fluoro-rubber. Fluorine Kautschuk Material is abbreviated as FKM. Vinylidene fluoride is the monomer found in all FKMs. FKMs were originally developed by DuPont (under the brand name Viton, which is now owned by Chemours), and are now manufactured by a variety of companies, including Daikin (Dai-El), 3M (Dyneon), Solvay S.A. (Tecnoflon), HaloPolymer (Elaftor), Gujarat Fluorochemicals (Fluonox), and several Chinese manufacturers. Fluoroelastomers cost more than neoprene or nitrile rubber elastomers. They add to the heat and chemical resistance. FKMs are classified into distinct classes based on their chemical makeup, fluorine concentration, or cross-linking method.

Because of their remarkable performance, they are employed in a variety of industries, including chemical process and petroleum refining, where they are used for seals, pumps, gaskets, and so on. Separators, diaphragms, cylindrical fittings, hoops, gaskets, and other process and analysis devices. Because of their minimal deterioration, they are widely used in semiconductor manufacturing, food and pharmaceutical industries, and in contact with fluids. High working temperatures and altitudes in aviation and aerospace necessitate better heat and low-temperature resistance, which fluororubber provides.

COVID-19 Impact: Supply and Demand Chain were Disrupted Due to Restrictions Imposed

Most sectors throughout the world have suffered in the previous 18 months. This can be ascribed to severe disruptions in their respective manufacturing and supply-chain operations as a result of numerous precautionary lockdowns and other limitations imposed by governing agencies around the world. The same is true for the global Fluororubber market. Furthermore, consumer demand has subsequently decreased as consumers are now more keen on minimising non-essential expenses from their various budgets as the general economic condition of most people has been adversely impacted by this outbreak. Augmenting the requirement from construction, electronics, and telecommunication industries is boosting the fluororubber market  growth.

LATEST TRENDS

"The Application of the Product in Wearablesl in Military to Advance the Market Share"

The most widely used material for sports watches and diving watches is fluoroelastomer, which has good features for toughness and wear resistance and is long-lasting, soft, and comfortable to wear. They are appropriate for the manufacture of wearables. Soft, flexible, and waterproof FKM rubber is available. FKM rubber, on the other hand, has a longer lifespan and does not have the drawback of silicone, which when used tends to absorb dust and become soiled.

Fluororubber Market Segmentation

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• By Type

Based on type; the market is divided into fluororubber 246, fluororubber TP and others.

• By Application

Based on the application; the market is divided into petroleum chemical industry, automotive, electronics, food industry, aerospace & defense and others.

DRIVING FACTORS

"The Stand Alone Specifications and Excellence of the Product to Increase the Market Demand"

When compared to other elastomers, fluoroelastomers offer superior high temperature (up to 500°F or 260°C) and aggressive fluids resistance while combining the best stability to a variety of chemicals and fluids, such as oil, diesel, ethanol mix, or bodily fluid. They have a high density of over 1800 kg/m3, which is much higher than most varieties of rubber, making them immediately distinguishable from many other elastomers.

"The Intensive Use in the Automotive Sector to Drive the Market Growth"

The primary area for which they are used is the automotive sector, where manufacturers are constantly looking for ways to increase efficiencies. One such is the replacement of the original neoprene seals on the Corvair pushrod tubes with FKM o-rings since those seals degraded due to the extreme heat the engine produced and allowed oil leakage. When high biodiesel concentrations are necessary, FKM tubing or lined hoses are frequently advised for use in automobile and other transportation fuel applications. According to studies, types B and F (FKM-GBL-S and FKM-GF-S) are more tolerant of acidic biodiesel. Since a while ago, divers who employ nitrox gas mixtures have used FKM O-rings in SCUBA diving without incident. Even with the higher oxygen percentages seen in nitrox, FKMs are employed because they are less likely to catch fire. Additionally, under conditions of high oxygen, they are less prone to deterioration.

RESTRAINING FACTORS

"The High Pricing and Hazardous Nature to Restrain the Market"

Despite having a wide range of uses, these materials are prohibitively expensive when compared to other types of elastomers, therefore their adoption must be justified by the necessity for exceptional performance and is not recommended for low-cost goods. Fluoroelastomers can break down and release hydrogen fluoride at high temperatures or during a fire. Protective gear must be used when handling any residue. Though attributing multiple applications the fluororubber market growth can hampered due to its hazardous nature when exposed to high temperature.

Fluororubber Market Regional Insights

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"Asia Pacific Region to Lead the Market with Volume Production"

The fluororubber market share is expected to be dominated by the Asia Pacific region during the forecasted period. With the rise in industrialization, there is significantly high demand for fluororubber market share and products in this region. China is estimated to be one of the major producer of the fluororubber in the forecasted period. Inturn the Asia Pacific region can show a significant expansion in the fluororubber market growth.

KEY INDUSTRY PLAYERS

"Key Industry Players to Promote the Market Expansion"

The market's expansion was significantly impacted by the techniques employed by market participants in recent years, such as extensions. The report covers details and information about the firms and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other considerations taken into account for this market are the businesses that develop and provide new products, the geographic areas in which they function, mechanization, innovation strategies, generating the maximum revenue, and using their products to make a significant difference.

List of Market Players Profiled

• DUPONT (U.S.A)
• AGC (Japan)
• Momentive (India)
• Zhejiang Juhua (China)
• Sichuan Chenguang (China)
• Wacker (Germany)
• Dow Corning (U.S.A)
• 3F (India)
• Solvay (Belgium)
• Dongyue (China)
• NEWERA (U.S.A)
• Guanheng (China)
• Shin-Etsu (China)
• Sanhuan (China)
• Meilan Group (China)
• Daikin (Japan)
• 3M (Dyneon) (U.S.A).

REPORT COVERAGE

This report covers a comprehensive backdrop analysis, an assessment of the parent market, intensive study in the market dynamics. Past historical, current, and projected size of the market from the point of both value and volume. Researching  of recent industry developments,  deep study on market shares and strategies of major players and the emerging niche segments and regional market areas are covered in the report.