The report on the Fluorosilicone Market published by Stratview Research covers in depth details associated with the Fluorosilicone Market.
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The Fluorosilicone Market is likely to witness a CAGR of 8.8% during the forecast period. The prime factors that are driving the Fluorosilicone Market is its superior thermal conductivity property leading to its wide usage in a wide array of industries.
Key Players
The following are the key players in the Fluorosilicone Market:
Clwyd Compounders Ltd
- 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
Loparex Holding B.V.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Fluorosilicone Market value and growth drivers over the trend period of 2022-27. According to the report –
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.
Segment Analysis:
Based on Product Type:
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 Region:
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.
Critical Questions Answered in the Report
- What are the key trends in the Fluorosilicone Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on Fluorosilicone Market?
- What are the key strategies adopted by the major vendors to lead in the Fluorosilicone Market?
- What is the market share of the top vendors?
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