Global Fluorosilicone Market Size By Type, By End Use Industry, By Geographic Scope And Forecast
Fluorosilicone Market Size And Forecast
Fluorosilicone Market was valued at USD 172.8 Million in 2019 and is projected to reach USD 293.2 Million by 2027, growing at a CAGR of 7.85% from 2020 to 2027.
Global Fluorosilicone Market Outlook
Fluorosilicone is used in various end-user industries owing to its versatile properties. Fluorosilicone offers improved fuel and mineral oil resistance and is widely used in the aerospace fuel systems, therefore surging its demand in the market. The expansion and growth of the aerospace and defense industry are expected to boost the market significantly. The material is known for having an excellent resistance to compression set which makes it an ideal material for various sealing applications, therefore acting as the biggest driving factor of the market. Furthermore, fluorosilicone offers high resistance to oxidizing chemicals along with good fuel and mineral oil resistance, and therefore it is employed for sealing applications in the oil and gas industry. The rising demand for oil and gas across the world is expected to provide an upthrust to the fluorosilicone market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Fluorosilicone Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Fluorosilicone Market Competitive Landscape
The Global Fluorosilicone Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as The Dow Chemical Company, Wacker Chemie, Shin-Etsu, Momentive, KCC Corporation, Weihai Newera Chemical, James Walker, Huanxin Fluoro Material.
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