Fluoroelastomers Market - Forecast(2020 - 2025)
Fluoroelastomers 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, the automotive industry dominates the use of fluoroelastomers 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 have led to an increase in the use of fluoroelastomers which is playing an important role in the growth of the 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 main...