What is the future of Fluorosilicone Market? Know Covid Impact on Size, Share & Forecasts
June 26, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Fluorosilicone Market.
It was estimated prior to this unanticipated outbreak that the Fluorosilicone Market was expected to grow at a CAGR of 9.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Fluorosilicone is the modified version of silicone rubber that is resistant to ozone, weather, chemicals, and, oil. Due to its properties, it is currently used highly in different sectors.
Fluorosilicone is available in different products such as elastomer, antifoams, coating, adhesives, and others. Transportation, oil & gas, OEM, and others are some of the application areas where fluorosilicone is used.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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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.
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 high 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.
In terms of regions, Asia-Pacific is estimated to be fast 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.
Key Players:
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.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Fluorosilicone Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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