Fluoroelastomer Market, Forecast 2024-2032
The global fluoroelastomer market was valued at 467.5 kilotons in 2020 and is projected to reach 650.1 kilotons by 2030, growing at a CAGR of 5.1% from 2022 to 2030. Fluoroelastomers are synthetic rubbers that are resistant to high temperatures, chemicals, and solvents.Fluoroelastomers are a type of synthetic rubber capable of maintaining high performance in chemical surroundings where temperatures exceed normal. Some of the important characteristics of FPMs are their excellent thermal stability, which helps them to play a very important role in temperatures ranging from -40°C to 230°C, and also their outstanding chemical resistance, which makes them capable of surviving solvents and aggressive substances like fuel and acids without losing any of their properties. On top of that, fluoroelastomers demonstrate exceptional weathering and aging power that enable continued endurance even under UV contact and in the presence of ozone. Fluoroelastomers impact performance positively by providing excellent sealing solutions to automotive, aerospace, and chemical industries, specifically resulting in longer and safer parts such as gaskets, O-rings, and seals.
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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