Fluoroelastomers Market to Reach $1,794.1 Million by 2027; US FDA Grant for AFLAS Series to Incite Business Opportunities

The global fluoroelastomer market size is expected to reach USD 1,794.1 million by 2027. The introduction of food-grade and pharmaceutical-grade products will have an outstanding impact on the market during the forecast period, mentioned in a report, titled “Fluoroelastomer Market Size, Share & COVID-19 Impact Analysis, By Type (Fluorocarbon Elastomers [FKM], Fluorosilicone Elastomers [FVMQ], and Perfluorocarbon Elastomers [FFKM]), By End-Use (Automotive, Industrial, Aerospace, Oil & Gas, and Others) and Regional Forecast, 2020-2027.” The market size stood at USD 1,356.4 million in 2019, exhibiting a CAGR of 3.7% between 2020 and 2027.

Expansion of 3M’s Fluoroelastomer Capacity to Encourage Development

3M, an American multinational conglomerate corporation operating in the industry, worker safety, US health care, and consumer good, announced expanding its fluoroelastomer’s capacity to cater to the increasing global market demand. The expansion includes adding a new reactor at the company's existing production plant in Decatur, Alabama. The expansion is due in 2021. Moreover, 3M announced a new range of peroxide-cured Dyneon fluoroelastomers—terpolymers of vinylidene fluoride, hexafluoro-fluoro propylene and tetrafluoroethylene, with cure-site monomer. The materials will provide the highest fluorine-content of any 3M peroxide cured grade, at 20.1 percent. These materials eliminate the need for metal oxides in the curing process, thereby providing improved acid resistance. Other features involve excellent processing properties and a more comprehensive range of processability due to the ability to blend grades for optimal Mooney and fluorine content. Moreover, target applications include automotive turbocharger hoses, valve-stem seals, fuel line hose, battery valves/seals, chemical & process gaskets, calendaring sheets, wire coatings, and wearable devices. The significant investment by 3M can have a tremendous effect on the market, owing to enormous R&D for fluoroelastomers by the company.

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Rising Environmental Concerns to Hinder Market Growth

The growing awareness regarding the pollution caused by cars will restrict fluoroelastomers' adoption during the forecast period. The increasing water levels, high amount of greenhouse gases, and changing temperatures pose a threat for the world, thus, hindering market growth. Moreover, the rising cognizance about sustainability and recyclability has resulted in demand for biodegradable materials, which, in turn, will dampen the fluoroelastomers market growth. The presence of fluorine atoms in the molecular structure makes fluorocarbons non-biodegradable. These synthetic rubbers pose a threat to the environment, which is expected to reduce its adoption in industries. 

Expansion Strategies of Companies to Fortify Business

The key players in the market invest in research and development activities for new product development in specific applications. Prominent companies are implementing expansion and acquisition strategies to enhance their presence in the market. Many manufacturers are establishing new plants in developing countries to serve growing needs and upcoming opportunities. Moreover, product approval from regulatory bodies will create opportunities for this market. For instance, in August 2019, the US FDA sanctioned the AFLAS series by AGC, Inc., for food contact. The FDA granted Food Contact Notification for AFLAS Series 150P, 100S, and 100H, which can be used as a part of food processing equipment.

The Report Lists the Key Companies in the Market:

• Solvay S.A. (Belgium)


• The Chemours Company (U.S.)


• Daikin Industries Ltd. (Japan)


• 3M (U.S.)


• AGC, Inc. (Japan)


• Shin-Etsu Chemical Co., Ltd. (Japan)


• Eagle Elastomer Inc. (U.S.)


• HaloPolymer (Russia)


• James Walker & Co. (UK)


• Air Boss Rubber Solutions (Canada)


• Dynafluon (India)


• Other Players

Further Report Findings:

• Regional Analysis: The presence of major automotive and aerospace manufacturers in Germany, the UK, and France such as Dassault Aviation, and Airbus will aid expansion in Europe. The heavy investment in pharmaceutical and chemical coatings industries can enable the speedy development of the Asia Pacific market.


• Leading Segment: The FVMQ segment is expected to hold the largest market share during the forecast period due to its ability to resist fuels, solvents and oils, and stability at varying temperatures in the automotive, and aerospace industries.

The Global Market is Segmented into: