Fluoroelastomers Market - Forecast(2020 - 2025)
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. What is Fluoroelastomer? Fluoroelastomer is a class of synthetic rubber which has a wide range of applications. These elastomers have been widely used as they have high reliability, less maintenance and undergo mini...