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Fluoroelastomers – Market Analysis & Opportunity Assessment, 2014 - 2020

Oct 15, 2014 | Chemicals & Materials | FMI

Fluoroelastomers are fluorine-containing polymers also known as fluorocarbon-based synthetic rubbers. These elastomers have high resistance to chemicals, abrasion, and high temperature. These materials exhibit superior mechanical and sealing properties when compared to contemporary elastomers. Commonly known forms of fluoroelastomers include fluorocarbon, fluorosilicon, and perfluoroelastomers. These properties of fluoroelastomer materials make them suitable for use in automotive, aerospace, industrial, and high temperature applications. Fluoroelastomers are majorly used to manufacture automotive exhaust hose pipes, seals and gaskets, O-rings, valves, diaphragms, and semi-conductor fabrication materials.

Advancements in sealant applications, stringent regulations on automotive exhaust emissions, and development of chemical and high temperature resistant materials are expected to drive the consumption of fluoroelastomers across the world. Other applications of fluoroelastomers include as sealants in food and pharmaceutical industries, fluid handling and environmental control systems, and oil gas and mineral extraction process. Emerging applications of fluoroelastomers include tubing for chemical industries, printing, wastewater treatment, pulp and paper, and fine chemicals. Specific grades of fluoroelastomer include liquid elastomers, thermoplastic fluoroelastomer, and flexible low permeable elastomers.

In order to achieve certain performance standard and material quality, fluoroelastomers are cured with the help of co-polymers and tertiary polymers. The elastomers after curing with the help of these materials find applications in crank shaft seals, bearing seals, turbocharger hose, and other specialty sealing applications. The market for fluoroelastomers is expected to grow between 4% and 7% CAGRin the next five years. Key players in the market include DuPont, Daikin, AGC Chemicals Europe, 3M Advanced Materials, Lauren Manufacturing, Ge Mao Rubber Industrial Co., Ltd., and other chemical and material manufacturing companies.