Fluorosilicone Market to offer a healthy CAGR of 9.2% during 2020-25
February 12, 2020
Fluorosilicone Market Overview:
Fluorosilicone Market is likely to witness an impressive CAGR of 9.2% during the forecast period. Increasing use of fluorosilicones in the automotive, aerospace, OEM, and oil & gas industries, and the rising demand from the Asia-Pacific and the North American regions are the major factors driving the global fluorosilicone market. Fluorosilicones are extensively used in various end-use industries, particularly in the sealing applications. These fluorosilicones are largely used in manufacturing automotive components and aerospace fuel systems. Their remarkable properties such as high and low heat resistance, fuel and petrochemical resistance, and chemical inertness are further bolstering the market during the forecast period.
Report Overview:
This new report from Stratview Research analyses the Fluorosilicone Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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https://www.stratviewresearch.com/Request-Sample/760/fluorosilicone-market.html
Fluorosilicone Market Segment Insights:
Product Type: elastomer, antifoams, coating and others
Based on the product type, the market is segmented as elastomer, antifoams, coating, adhesives & sealants, and others. The elastomer is estimated to be the largest fluorosilicone product type during the forecast period. This growth is owing to the increasing use of fluorosilicone elastomers in various industries such as transportation and OEM.
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End-Use Industry Type: polyester resin, epoxy resin, and others
Based on the end-use industry type, the market is segmented as transportation, OEM, oil & gas, and others. The transportation segment is expected to witness the highest growth during the forecast period. The escalating demand for automobiles in the emerging markets such as China and India and the rapidly growing OEM manufacturing in the developed markets such as the US and Germany are collectively propelling the growth of the fluorosilicone market.
A highly/moderately/fragment consolidated Market
Some of the major players in the fluorosilicone market are Clwyd Compounders Ltd, C. Otto Gehrckens. Dichtungstechnik, Chenguang Fluoro & Silicone Elastomers Co., Ltd., DOW Corning, Elkem Group, Elastotech S.R.L., Fluoron Chemicals, Huanxin Fluoro Material Co., Ltd, KCC Corporation, and Loparex Holding B.V.
Region: Asia-Pacific is estimated to be the fastest-growing market
In terms of regions, Asia-Pacific is estimated to be the fastest-growing market for fluorosilicone during the forecast period, owing to the easy availability of raw materials in the region and the cost of setting up manufacturing units being low in comparison to other regions. The growing demand for fluorosilicone elastomers, especially in manufacturing sealing and other automotive components, is underpinning the market in the region. China and India are the growth engines of the region. North America and Europe are also expected to offer substantial growth opportunities in the coming five years.
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