ID: MRFR/CnM/7007-HCR | February 2021 | Region: Global | 150 pages
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).
Some of the regulatory standards for automotive light-weighting and fuel efficiency are:
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.
OEM specifications for exhaust gas recirculation systems (where fluorosilicone rubbers are required):
Some of the regulatory standard (ASTM) requirements for FVMQ properties:
Source: ASTM, Company Brochure, and MRFR 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”.
By Processing Technology
By End-Use Industry
|Market Size||2027: Significant Value|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Processing Technology, End-Use and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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)|
|Key Market Opportunities||Fluctuating raw materials prices|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The global fluorosilicone rubber market was valued at over USD 120 million in 2018.
The market is expected to exhibit a strong 5.51% CAGR over the forecast period from 2019 to 2025.
Growing demand in automotive and aircraft manufacturing is the major driver for the fluorosilicone rubber market.
Asia Pacific accounts for a share of more than 50% in the global fluorosilicone rubber market.
Leading players in the fluorosilicone rubber market include Dow, Wacker Chemie, and Momentive, among others.