Global Fluorosilicone Market 2018-2022

The global fluorosilicone market size will grow by USD 74.20 million during 2018-2022. This report offers an analysis of the market based on end-users (transportation, OEM, oil and gas, and others) and geography (the Americas, APAC, and EMEA). The report analyzes the market’s competitive landscape and offers information on several companies including ChemChina, DowDuPont, KCC, Momentive, Shin-Etsu Chemical, and Wacker Chemie.

Below are some of the key findings from the fluorosilicone market research report

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Global Fluorosilicone Industry Overview

One of the key factors contributing to the growth of the global fluorosilicone market is the increasing demand from the developing countries. In developing economies such as China, Brazil, Mexico, India, the Philippines, and Indonesia, fluorosilicones are extensively used in automotive applications. Factors such as the availability of raw material, land, cost-effective labor, low transportation costs, and lenient government regulations and policies are enabling several fluorosilicone vendors to shift their manufacturing facilities to these countries. The emergence of countries such as China and India, as one of the major manufacturing hubs for automobiles and aircraft, will drive the demand for fluorosilicones. For instance, in India, the government is supporting initiatives like Make in India initiatives, which will drive the production of automobiles in the region. Furthermore, industry experts predict that factors such as growth in the construction, logistics, and mining segments will drive the demand for commercial vehicles over the next few years.

The increase in the demand for 3D printing is one of the major trends being witnessed in the global fluorosilicone market. In the 3D printing technique, thin layers of material are placed in succession in accordance with the shape of the product. Fluorosilicones can be used in 3D printing to provide functional prototypes and replacement parts for automobiles, aircraft, and medical components. Such factors will prove pivotal in defining the growth of the market, which will grow at a CAGR of nearly 8% during the forecast period.

Top fluorosilicone companies covered in this market research report

The fluorosilicone market is moderately fragmented. By offering a complete analysis of the market's competitive landscape and with information on the products offered by the companies, this fluorosilicone industry analysis report will aid clients to identify new growth opportunities and plan better strategies.

The report offers a complete analysis of various companies including:

• ChemChina
• DowDuPont
• KCC
• Momentive
• Shin-Etsu Chemical
• Wacker Chemie

Fluorosilicone market segmentation based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for the companies, the APAC region will account for the highest growth of this market throughout the forecast period. APAC led the market in 2017 with a market share of 40%. In addition, this region is expected to dominate the market through 2022 and is anticipated to project steady growth in the coming years.

Fluorosilicone market segmentation based on end users

• Transportation
• OEM
• Oil and gas
• Others

The transportation segment held the largest market share in 2017, accounting for nearly 65% of the market. This end-user segment is expected to dominate the global market throughout the forecast period. Additionally, the report also provides an accurate prediction of the contribution of the various end users segments to the growth of the fluorosilicone market size.

Key highlights of the global fluorosilicone market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the fluorosilicone market during the next five years
• Precise estimation of the global fluorosilicone market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the fluorosilicone industry across the Americas, APAC, and EMEA
• A thorough analysis of the market's competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of fluorosilicone companies

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