Fluorosilicone (FVMQ) Rubber Market Information: By Processing Technology (Compression Molding, Extrusion, Liquid Injection Molding, Calendaring, 3D Printing), By End-Use (Automotive, Aerospace & Defense, Oil & Gas, Electronics & Semiconductors, Others) - Forecast to 2030

Market Synopsis

According to MRFR analysis, the Fluorosilicone (FVMQ) Rubber Market was valued at over USD 120 Million in 2018 and is projected to register a CAGR of 5.51% during the forecast period.

Fluorosilicone Rubber (FVMQ) is a modified silicone rubber formulated from fluorosilicone polymers that contain a (-Si-O-) repeating group on the polymer backbone. FVMQ exhibits excellent heat resistance, electrical conductivity, low-temperature flexibility, and excellent resistance to weather, ozone, and UV. FVMQ exhibits a significantly better chemical resistance than the standard silicone rubber, especially in conditions where hydrocarbons, fuel, aromatic mineral oils, and low molecular aromatic hydrocarbons (benzene and toluene) are involved.

The prominent factors favoring the growth of the global market are increasing automobile production in developing economies and significant growth of the aerospace & defense industry. With the increasing automobile production and demand for lightweight and fuel-efficient automobiles, the demand for fluorosilicone rubbers is expected to increase in the coming years. In 2018, over 95 million units of automobiles were manufactured, which is expected to cross over 100 million units by the end of 2019.

Moreover, the increasing use of alternative fuels, synthetic oils, and aggressive fluids and the increased operating temperatures with less cooling airflow required in the automotive engines, pose unique challenges related to material performance and its use in sealing applications. FVMQ is expected to deliver these requirements, owing to its superior extreme-temperature (low/high) performance, prolonged resistance to fuels, oils, solvents, and aggressive fluids, and its wide range of engineering properties. This is likely to boost the demand for FVMQ in the manufacturing of sealing and tubing components in the coming years.

Furthermore, the increasing commercial aircraft production and high defense spending are further expected to drive the growth of the market for fluorosilicone (FVMQ) rubber in the years to follow.

In the market, fluoroslicone rubber is popular by the trade names: SILASTIC (Dow) and Elastosil (Wacker Chemie AG).

REGULATORY STANDARDS

Some of the regulatory standards for automotive light-weighting and fuel efficiency are:

• CAFE (Corporate Average Fuel Economy) regulations

North America and Europe possess strict automotive fuel efficiency and CO2 emission regulations, and non-compliance with the corporate average fuel efficiency (CAFE) regulations by the manufacturers can lead to penalties by the respective governments.

• Zero Emission Vehicle (ZEV) program


• New Energy Vehicle (NEV) program

OEM specifications for exhaust gas recirculation systems (where fluorosilicone rubbers are required):

• BMW GS97018:2008-11


• Fiat 902139


• Ford AZ 102-02


• GM GME 8688


• VW PV3936

Some of the regulatory standard (ASTM) requirements for FVMQ properties:  

Source: ASTM, Company Brochure, and MRFR Analysis

TRADE ANALYSIS

The overall silicone rubber exported in its primary form increased by around 18% from USD 5,351.6 Million in 2017 to USD 6,335.2 Million in 2018, whereas total silicone rubber imported increased by around 18% from USD 7,548 Million in 2017 to USD 8,938 Million in 2018.

The HS Code for the FVMQ is “39100090”.

MARKET DRIVERS

• Surging demand for lightweight and fuel-efficient vehicles


• Growing commercial aircraft production


• Increasing demand for fluorosilicone rubber in the oil & gas industry

MARKET RESTRAINTS

• Fluctuating raw materials prices


• Availability of efficient substitutes

SEGMENTATION

By Processing Technology

• Compression Molding: The compression molding segment held the largest share of above 35% of the market in 2018. The compression molding process is mainly used for low to medium volume applications and for some specialty high-volume components.

• Extrusion: Fluorosilicone rubber extruded products include gaskets, sealing components, and other intricate profiles.

• Liquid Injection Molding: This process is mainly used for liquid fluorosilicone rubber. The main products manufactured using LIM include gaskets, seals, and cushioning pads in electronic portable devices.

• Calendaring: Calendaring is the other commonly used process for manufacturing FVMQ products (sheets) such as industrial and automobile components.

• 3D Printing: The use of 3D printing process for fluorosilicone rubber is still in the nascent stage. However, it is expected to gain popularity in the near future.

By End-Use Industry

• Automotive: The automotive segment accounted for the largest share of more than 40% in 2018, owing to the surging demand for lightweight components in passenger cars and the increasing automobile production in emerging economies. Additionally, with the increasing use of various fluids in the automobile engines to enhance the performance, the demand for FVMQ is likely to increase during the forecast period.

• Aerospace & Defense: The aerospace & defense segment is the other major consumer of FVMQ products. FVMQ elastomers provide suitable and sustainable innovative solutions to the aerospace industry in terms of reliability and durability.

• Oil & Gas: Widely used in the manufacturing of O-rings, seals, and gaskets for use in the oil & gas industry.

• Electronics & Semiconductors: Mainly used to produce EMI shielding products

• Others: The others segment includes medical and food & beverage.

By Region

• North America


• Europe


• Asia-Pacific


• Latin America


• Middle East & Africa

REGIONAL ANALYSIS

• North America: The regional market held a significant share of the global market owing to the well-established automotive and aerospace & defense industries. Moreover, the oil & gas industry in the region is the other major consumer of the product. With the increasing oil drilling and completion projects in the US, the demand for fluorosilicone rubber is expected to increase, thus driving the regional market in the years to follow.

• Europe: The expanding automotive industry in Western Europe is estimated to be the primary factor driving the regional market during the forecast period. Additionally, the requirements pertaining to the material used in automobile components are expected to positively impact the demand for fluorosilicone rubber in the automotive and aerospace industries.

• Asia-Pacific: The market in Asia-Pacific for fluorosilicone (FVMQ) rubber accounted for the largest share, of over 50%, in 2018 and is projected to remain the dominant regional market during the forecast period. This is mainly attributed to the high demand for the product in the expanding and automotive and aerospace industries in China, India, and South-East Asian countries.

• Latin America: The automotive industry in the regional market is relatively small, yet a positive trend is seen in the automotive market in Brazil, Argentina, and Chile, which is expected to boost the demand for fluorosilicone (FVMQ) rubber during the review period.

• Middle East & Africa: The regional market in the Middle East & Africa for fluorosilicone (FVMQ) rubber held a relatively smaller share in 2018. The regional market is expected to witness healthy growth in the coming years owing to the high potential of the automotive manufacturing sector in the region.

KEY PLAYERS

• Dow (US)


• Wacker Chemie AG (Germany)


• Momentive (US)


• James Walker (UK)


• Rogers Corporation (US)


• Shin-Etsu Chemical Co., Ltd (China)


• Shanghai Fluoron Chemicals (China)


• STOCKWELL ELASTOMERICS, INC (US)


• Shanghai 3F New Materials Co., Ltd (China)


• NUSIL (US)


• Primasil Silicones Limited (UK)


• Hangzhou Fine Fluorotech Co., Ltd (China)