Lucintel’s latest market report analyzed that fluoroelastomers in the global specialty polymer provides attractive opportunities in the automotive, aerospace, chemical, oil & gas, energy & power, and pharmaceutical & food end use industries. The fluoroelastomers in the global specialty polymer market is expected to reach $1.9 billion by 2028 with a CAGR of 4%. In this market, seals & gaskets is the largest segment by application, whereas automotive is largest by end use industry.
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Based on application, the fluoroelastomers in the global specialty polymer market is segmented into o-rings, seals & gaskets, hoses, and others. The seals & gaskets segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to their increasing demand in the automotive as well as aerospace industries.
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The Fluoroelastomers in the Global Specialty Polymer Market is marked by the presence of several big and small players. Some of the prominent players offering fluoroelastomers in the global specialty polymer include The Chemours Company, Solvay SA, 3M, Daikin Industries, Asahi Glass Company, James Walker & Co, and Shin-Etsu Chemicals.
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