Fact.MR recently published a market study on Fluoroelastomers . The study provides detailed assessment on key market dynamics, including the drivers, trends, opportunities & restraints, and detailed information about the Fluoroelastomers Market structure.
Scope of the Report:
The global Fluoroelastomers market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of xx%% in the forecast period of 2020 to 2025 and will expected to reach USD xx million by 2025, from USD xx million in 2019.
Fluoroelastomers market is split by Type and by Application. For the period 2015-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
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Competitive Landscape and Fluoroelastomers Market Share Analysis
Fluoroelastomers competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, Fluoroelastomers sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch. For the period 2015-2020, this study provides the Fluoroelastomers sales, revenue and market share for each player covered in this report.
With increasing demand for fluoroelastomers from automotive & aerospace industries, top players have started with production expansion projects to meet the needs of the market. Companies are also entering into long-term partnerships for the supply of raw materials with the local players to avoid the sudden price hikes in the market and loss in the pricing competition with other players.
The global installed capacity for the fluoroelastomers is around 50 kT, with 22kT capacity in China alone. However, the quality of products manufactured by the local manufacturers is not at par with the quality produced by leading manufacturers in China. The main advantage of production facilities in China is the low production cost of fluoroelastomers due to low labor cost and easy availability of raw materials.
Solvay S.A manufactures FKM (Fluorocarbon Elastomer) and FFKM (Perfluorocarbon elastomer) type of elastomers under the brand name of Tecnoflon. It has production sites in China & Italy. In 2018, the company announced the expansion of production capacities at both China & Italy plant to meet the increasing demand in the Asia-Pacific region. The Expansion will increase the overall fluoroelastomers capabilities by over 30%, the company reported.
AGC Inc. is one of the leading producers of fluoroelastomers in Japan. It has recently developed a new type of fluoroelastomers series product ALFAS 150 E that is specifically developed for the emerging applications such as high voltage charging cables in the electric vehicles. This is expected to increase the market share of AGC chemicals in the global fluoroelastomers market.
The Chemours Company is the largest producer of fluoroelastomers with installed capacity of more than 10 kT/annum. The company faces stiff competition from its global & regional competitors in terms of pricing, quality and service in the fluoroelastomers segment. However, its products have proven their capabilities and are known directly by brand name. For example, its fluoroelastomers products that are traded under the brand name of VITON are so famous that local manufacturers use the term VITON to describe their fluoroelastomers products.
Daikin Chemicals also offers wide range of fluoroelastomers products in various curable systems such as Diamine curable, Bisphenol Curable, Peroxide curable, etc. for specific applications. The company offers its fluoroelastomers products under the brand name of DAI-EL. It has developed DAI-EL grades for global as well as local applications. For instance, its fluoroelastomers are used in bullet trains for different applications such as oil & heat resistant electric wiring, jacketing of oil well cables, insulating oil caps for bullet train lines and others.
Changing Regulatory Landscape across the Globe to Impact the Fluoroelastomers Market
Automotive Emission reforms are being incorporated all over the world. The norms are getting stringent and their efficient implementation is amongst the top priorities of the governments. The Use of fluoroelastomers is thus increasing in the automotive industry to reduce the emissions and comply with the regulations. However, fluoroelastomers have high level of fluorine content in them (at least 66%) that exposes it to the regulatory frameworks. Various ASTM standards such as ASTM D1418 are prescribed as per fluorine content and manufactures have to meet these standards. FDA approved food contact fluoroelastomers are also developed by the manufacturers but are rarely used due to the presence of fluorine content.
Automotive emissions in Asia- Pacific are becoming more stringent as initiatives to curb climate change are on high priority of the government in the region. In India the government is all set to implement BS 6 emission norms (similar to EURO 6 norms) for automotives by April, 2020. In June 2019, China also debuted some of the strictest norms for automobile emissions to reduce its notorious air pollution. These reforms will be initially implemented in the areas affected severely by air pollution. The emission standards aim to reduce emissions of nitrogen oxides by 40-50% by 2023. These standards are tougher than the EURO 6 standards. These norms are expected to increase the demand for fluoroelastomers in Asia-Pacific region.
Europe has already implemented the strict automobile emission norms to reduce the pollution. This has positively affected the growth of fluoroelastomers market in the region. North America is also expected to follow the similar trend.
Several Latin American Countries have started implementation of green tax to push their economies towards environmental sustainability. Various initiatives are being taken by International Council for Clean Transportation in the region to enhance the vehicle emission compliance & enforcement practices along with the benefits of adoption of these norms & soot-free transportation.
In the past, various fluorine products have been banned across the globe due to their toxic nature and harmful emissions during production. Ban of PFOA for the production of PTFE is one of the examples. This ban compelled leading PTFE producers in China to stop their production & develop alternative routes to manufacture PTFE. There are several other fluoro-products that fall under a strong category of regulations. However, fluoroelastomers are not subjected to such severe regulations but the demand for Halogen free products across the world is increasing. This could affect the growth of fluoroelastomers market.
Request research methodology of this report.
Market definition along with the identification of key drivers and restraints.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their market share.
- Identification and analysis of the macro and micro factors that affect the global predictive and prescriptive analytics market on both global and regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
- A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
- Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.
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Key Questions Answered In this Fluoroelastomers Market Report are:
- What are the key factors driving Waste To Fluoroelastomers Market expansion?
- What is the trend of capital investments in the Waste To Fluoroelastomers Market?
- Which partnership models are commonly adopted by stakeholders in this industry?
- What type of marketing strategies are being adopted by developers in this domain?
- How is the COVID-19 pandemic likely to impact the Waste To Fluoroelastomers Market?
- How is the current and future opportunity likely to be distributed across key market segments?
- What are the anticipated future trends related to Waste To Fluoroelastomers Market?
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Fluoroelastomers product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Fluoroelastomers , with price, sales, revenue and global market share of Fluoroelastomers in 2020 and 2029.
Chapter 3, the Fluoroelastomers competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Fluoroelastomers breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.
Chapter 12, Fluoroelastomers market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.
Chapter 13, 14 and 15, to describe Fluoroelastomers sales channel, distributors, customers, research findings and conclusion, appendix and data source.
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Fact.MR follows a multi- disciplinary approach to extract information about various industries. Our analysts perform thorough primary and secondary research to gather data associated with the market.