Fluoroelastomers Market - Forecast(2021 - 2026)
Fluroelastomers are a class of synthetic rubber which have helped to overcome the problems faced by conventional rubber. The market for global fluoroelastomers was $1380.85m in 2017 and is anticipated to rise at a CAGR OF 4% during the forecast period. Fluoroelastomers have been used in Automotive, chemicals, aerospace and manufacturing industries. However, automotive industry dominates the use of fluorelastomers which is valued to be $522 million. Fluoroelastomer’s excellent chemical and oil resistant properties have propelled its use in chemical and oil industries. The stringent regulations set up by the government authorities over the emission of toxic gases has led to the increase in the use of fluroelastomers which is playing an important role in the growth of market.
- As there is a rise in the demand for fluoroelastomers due to stringent emission standards in Europe and Africa, Chemours is extending an agreement for the distribution of fluoroelastomers with Safic – Alcan which would act as a boon to the automotive industries.
- In 2017, AGC Chemicals Americas Inc. formulated ‘AFLAS’ resins from alternating polymers of tetrafluoroethylene and propylene to achieve unique properties over a conventional fluoroelastomers. These properties also include outstanding resistance to heat, chemicals, fuels, acids, bases, solvents, ozone and steam. AFLAS are being manufactured by several other companies as well.
- Pelseal Technologies, LLC introduced Pelseal A1104, an AFLAS Fluoroelastomer caulk that can be used in industries which involve the use of high pH compounds as it is designed to resist alkalis, amines, strong bases and other high pH chemicals. The caulk is suited for use in industries such as oil and gas, paper processing, food and beverage wash-down areas, and general chemical processing.
- The semiconductor industry has received much attention in the use of Perfluroelastomer which are critical for maintaining an airtight seal for many different processes in plasma, thermal and wet manufacturing applications because of their high temperature capabilities, low contamination and chemical resistance when compared to any other elastomers.
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