Fluorosilicone Market: Global Opportunity Analysis and Industry Forecast, 2021-2031 Market

Fluorosilicone Market Analysis 2020-2027:

Fluorosilicones are a special class of fuel-resistant elastomers having one of the widest operating temperature range. The commonly used fluorosilicone is polytrifluoropropyl methylsiloxane. It is generally made up of siloxane polymers and fluorocarbons. Fluorosilicones exhibit superior properties such as chemical inertness, thermal stability, flame resistance and is resistant to extreme environmental conditions. Catering to these excellent properties, fluorosilicones are extensively used in different industries such as aerospace, automobile, transportation and others, for static sealing purposes and also for making gaskets and O-rings used in different mechanical equipment such as boilers and fuel tanks.   

COVID-19 scenario analysis:

The outbreak of the novel coronavirus across the globe has impacted every aspects of the business and the fluorosilicone market is no exception.

• The COVID-19 pandemic has caused a severe downfall of the automobile and the aviation industries. Since these were the major consumers of the fluorosilicone elastomers, it has also led to the fall in demand for fluorosilicones in the market.
• The outbreak of the global pandemic affected the oil and gas industry to a great extent. With the reduction in demand for oil and gas in the industry due to the nationwide lockdowns, the prices of the crude oil fell down exponentially. Since, the oil and gas industry is a major end-user of the fluorosilicone products, the effects on the oil and gas industry also had severe impacts on the global fluorosilicone market. 
• China is a significant region for the fluorosilicone market in terms of both consumption and manufacture. Thus, the complete shutdown of the country in order to contain the virus has severely affected the global fluorosilicone market.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The rapid industrialization and the growing automobile and transportation industries has fueled the demand for fluorosilicones in the market. A major portion of fluorosilicones is used in the automotive industry for the manufacture of fuel-resistant seals, gaskets and flexible valves because of its excellent resistance against different liquids such as fuel, brake oil, engine oil and others. Also, due to the superior mechanical properties, fluorosilicones are extensively used in the aerospace industry especially because of its resistance against ozone and extreme weather. It is used in turbocharger hoses where temperatures can rise up to 180 degrees centigrade. A significant fraction of fluorosilicone elastomers is also used in the manufacture of fuel-resistant seals for aircrafts in the aviation industry. The growing number of passengers as well as surge in the number of aircrafts in the aviation industry and consequently, the demand for fluorosilicones in also growing at a rapid pace. 

However, the poor abrasion resistance of the fluorosilicone elastomers is proving to be a major restraining factor for the market. However, the robust applications of fluorosilicones in the major industries have led to the growth of the global fluorosilicone market. With the rapid growth of industries such as electronics, chemicals, paints & coatings and others, and also owing to the introduction of newer aircrafts into the fleets of different aviation, the demand for fluorosilicones is anticipated to grow at a significant pace during the forecast period. 

The market in the Asia-Pacific region holds the major share in the global fluorosilicone market owing to the rapid developments in the automobile and transportation sectors of the emerging economies of the region. The adoption of the “China plus one” by several key players of the market by setting up their companies in nearby countries of China has propelled the growth of the fluorosilicone market in the region. The market in the regions of North America and Latin America is expected to experience a steady growth however, the fluorosilicone market in Europe has been observed to hit a plateau.  

Key benefits of the report:

• This study presents the analytical depiction of the global fluorosilicone industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global fluorosilicone market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global fluorosilicone market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global fluorosilicone market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the Fluorosilicone Market research report:

• Who are the leading market players active in the fluorosilicone market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 Fluorosilicone Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights