Global Fluorosilicone Market 2018-2022
About this market
The increase in demand for 3D printing to drive growth in the market. The use of fluorosilicones as a material for creating a 3D model is an emerging trend. Fluorosilicones can be used in 3D printing for producing functional prototypes and replacement parts for automobiles, aircrafts, and medical components. Technavio’s analysts have predicted that the fluorosilicone market will register a CAGR of almost 8% by 2022.
Growing demand from the developing countries
Fluorosilicones are extensively used in automotive applications in developing economies such as China, Brazil, Mexico, India, the Phillippines, and Indonesia.
Threat of substitutes
The extensive use of fluorocarbons and perfluorocarbon in the production of O-rings, gaskets, and hoses poses a serious challenge to the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the fluorosilicone market during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including ChemChina and DowDuPont the competitive environment is quite intense. Factors such as the rising demand from the developing countries and the increase in demand for 3D printing, will provide considerable growth opportunities to fluorosilicone manufactures. ChemChina, DowDuPont, KCC, Momentive, Shin-Etsu Chemical, and Wacker Chemie are some of the major companies covered in this report.
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