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 Global Fluoroelastomer Market
Posted on : Wednesday, 23 October, 2019  06:37
Location : Heshan, Guangdong
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Global Fluoroelastomer Market was valued at USD 1.23 Billion in 2018 and is projected to reach USD 2.26 Billion by 2026, at a CAGR of 7.90%.

Global Fluoroelastomers Market, by Region
Owing to stringent regulations for fuel emission, fluoroelastomers are widely used in fuel system applications as they act as a barrier against evaporative emissions and as a chemical resistance against diverse fuels. Fluoroelastomer offers excellent durability. Fluoroelastomers are also gaining importance in pharmaceutical and food processing industries as they provide long term protection against high temperature and fight against corrosion. The high initial price is one of the restraining factors for the fluoroelastomer market.

Perfluoroelastomers has formed the fastest-growing segment based on the product type for the fluoroleastomer market. Manufacturing of hoses, gaskets, o-rings or complex molding parts acts as a key driver for perfluoroelastomers. In the end-use industry segment, automotive has formed the largest market with factors like use of fluoroelastomer in conventional vehicles for reducing emissions.


  
  
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