According to Data Bridge Market Research new Market report global fluorosilicone market accounted to USD 153.5 billion in 2018 growing at a CAGR of 7.00% during the forecast period of 2018 to 2025.
Global Fluorosilicone Market
Fluorosilicone Market is a broadly used elastomer which is used in multiplicity of applications. Fluorosilicone’s mechanical and physical properties are like to silicone rubber. Fluorosilicone rubbers are genrally used in aerospace application where fuel, oil, coolants are present.
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Global fluorosilicone market is segmented on the basis of product type, end-use industry, and geography.
By Product Type (Elastomer, Antifoams, Coating, Adhesives & Sealants, Others), End-Use Industry (Transportation, OEM, Oil & Gas, Others), and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN FLUOROSILICONE MARKET
Increase uses of automobile in all regions
According to Statista characterizes globally automobile production since 2000 to 2017. In 2017, some 73.5 million cars were produced globally. This figure translates into an growing around 2.4 percent, compared with the earlier year. China, Japan, Germany, and India were the largest producers of passenger vehicles in 2017.
In 2017, the international automotive industry produced 73.5 million passenger cars. Worldwide, passenger car sales are expected to continue to grow to about 81.6 million units in 2018.
Below statistics shows the number of cars sold globally since 1990 through 2017. Additionally, it presents a forecast for 2018. Some 81 million automobiles are expected to be sold by the end 2018.Whereas in order to growing globally car sales, carmakers are particularly keen on tapping into the increasing affluence of Asian markets, where passenger vehicle sales have doubled over the past seven years.
Few of the major competitors currently working in the fluorosilicone market are Silex Ltd., Elkem ASA, Wacker Chemie AG, Momentive, Shin-Etsu Chemical Co., Ltd., China National Bluestar (Group) Co,Ltd., DAIKIN INDUSTRIES, Ltd., E. I. Du Pont De Nemours And Company, KCC, Solvay, 3M China Limited, Shanghai 3F New Materials Co., Ltd., WEIHAI NEWERA CHEMICAL Co.,Ltd., NuSil Silicone Technology, Zhejiang Huanxin Fluoro Material Co., Ltd., Fluoron Chemicals., Saint-Gobain S.A., Zeon, LANXESS Corporation, Chenguang Fluoro & Silicone Elastomers Co.,Ltd., Harkesh Rubber Industries., Silica House Pvt Ltd, Prim Rubber Products., Pioneerrubchem, jeweltech.in, JOYTECHPOLYURETHANE, Quality Rubber Components.
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