Fluorosilicone Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Fluorosilicone Market Analysis
The Fluorosilicone Market size is estimated at 29.67 kilotons in 2024, and is expected to reach 39.95 kilotons by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
The COVID-19 pandemic negatively affected the market in 2020 due to disruptions in the supply chain and the closure of manufacturing facilities. The aerospace industry was hampered in the short term due to the COVID-19 pandemic since air travel was restricted around the world. However, the market recovered in 2021 and 2022 and is expected to register growth over the forecast period.
The major factor driving the growth of the market is the extensive use of fluorosilicates in manufacturing sealing systems for the defense and aerospace sectors. Additionally, growing applications in the oil and gas industry are also driving the market studied.
On the flip side, the availability of substitutes such as fluorocarbons is hindering the growth of the market.
Blending fluorosilicone with highly consistent rubber (HCR) acts as an opportunity for the market over the forecast period.
The North American region is expected to dominate the market because of the cheap availability of raw materials, growth in the defense and aerospace sector, and the growing oil and gas industry in the area.
Fluorosilicone Market Trends
Aerospace and Defense Sector to Boost the Market
- Fluorosilicones are widely used in aerospace fuel systems, for sealing the systems for a wide range of temperatures, and for manufacturing defense components. Due to their superior properties, such as high and low heat resistance, fuel and petrochemical resistance, and chemical inertness, they find their various applications.
- Apart from being primarily used in fuel systems for static sealing applications, it is also used in pipes for recycling exhaust gas, O-ring gaskets, and electric connectors in airplanes.
- Fluorosilicone rubbers are considered suitable for aerospace applications because they can also sustain low temperatures up to −70 °C. These polymers have unique properties, which include a good compression set and resilience properties that are suitable for exposure to air, sunlight, and ozone.
- According to the International Air Transport Association (IATA), the global revenue for commercial airlines was valued at USD 727 billion in 2022, registering a growth rate of 43.6% Y-o-Y. Furthermore, the revenue is expected to reach USD 779 billion by the end of 2023. Such factors are likely to increase the demand for flexible hoses as aerospace parts manufacturing will grow in the future.
- According to the Boeing Commercial Outlook 2023-2042, the demand for new commercial jets by 2042 is expected to reach 42,595 units, valued at USD 8 trillion. The global fleet will nearly double to 48,600 jets by 2042, expanding by 3.5% annually. Airlines will replace about half of the global fleet with new, more fuel-efficient models.
- North America accounts for the largest share with 9,250 deliveries, followed by Eurasia and China, with the total deliveries of new airplanes estimated to be 9,645 units by 2042, indicating rising demand from the industry.
- Furthermore, according to the Stockholm International Peace Research Institute (SIPRI), the total global military expenditure increased by 6.01% to USD 2,240 billion in 2022 compared to 2021. Moreover, the five largest spenders in 2022 were the United States, China, Russia, India, and Saudi Arabia, accounting for 63% of expenditure.
- All the factors above are expected to drive the fluorosilicone market during the forecast period.
North America to Dominate the Market
- North America is the dominating market for fluorosilicone due to the presence of a gigantic aviation industry in the region, where the material finds wide applications. Their superior properties, such as jet fuel resistance, low and high heat resistance, and chemical inertness, make them the most suitable polymer for use.
- The United States led the ranking of countries with the highest military spending in 2022, with USD 877 billion dedicated to the military. Moreover, according to the US Congressional Budget Office, the outlays for defense will rise from USD 746 billion in 2022 to USD 1.1 trillion by 2033. Rising military and defense expenditures are expected to support the demand for fluorosilicone from defense applications.
- According to the Aerospace Industries Association of Canada (AIAC), the aerospace sector contributed USD 27 billion to the country’s GDP in 2022. The Canadian aerospace manufacturing industry exported nearly USD 18.7 billion.
- In North America, according to the OICA, automotive production in 2022 accounted for 14.79 units, an increase of 9.88% compared to the production in 2021, which was reportedly 13.47 units.
- The United States was the second-largest automotive manufacturer after China and produced 10.06 million vehicles in 2022, registering a growth of 10% compared to production in 2021. The country produced 1.75 million cars and 8.3 million commercial vehicles in 2022.
- Raw materials for fluorosilicone are easily available, with the cost being comparatively low across the region. It is also predicted to be the fastest-growing market for fluorosilicone during the forecast period owing to the reasons such as the easy availability of raw materials, and the cost of setting up a manufacturing unit is low in this region.
- Thus, rising demand from various industries is expected to drive the market in the region during the forecast period.
Fluorosilicone Industry Overview
The global fluorosilicone market is fragmented. Some of the major companies (not in any particular order) operating in the market are Shin-Etsu Chemical Co. Ltd., Wacker Chemie AG, Marco Rubber and Plastics, Dow, and Trelleborg Group, among others.
Fluorosilicone Market Leaders
-
Dow
-
Macro Rubber and Plastics
-
Shin-Etsu Chemical Co., Ltd
-
Wacker Chemie AG
-
Trelleborg Group
*Disclaimer: Major Players sorted in no particular order
Fluorosilicone Market News
- December 2022: 3M announced its plans to exit per- and polyfluoroalkyl substance (PFAS) manufacturing and work to discontinue the use of PFAS across its product portfolio by the end of 2025.
- October 2022: Trelleborg Group acquired Minnesota Rubber & Plastics, a US-based company that is a leading player in fluoro silicone in the region, for USD 950 million.
Fluorosilicone Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Rapidly Growing Demand from the Aerospace and Defense Sector
- 4.1.2 Growing Applications in the Oil and Gas Industry
- 4.1.3 Other Drivers
-
4.2 Restraints
- 4.2.1 Availability of Substitutes
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
-
5.1 Product Type
- 5.1.1 Elastomer
- 5.1.2 Adhesives and Sealants
- 5.1.3 Antifoams
- 5.1.4 Coating
- 5.1.5 Other Product Types (Lubricants, etc)
-
5.2 End-user Industry
- 5.2.1 Oil and Gas
- 5.2.2 Automotive
- 5.2.3 Aerospace and Defense
- 5.2.4 Other End-user Industry (OEMs, Industrial, etc.)
-
5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share(%)**/ Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 Dow
- 6.4.3 Elastomer Engineering Limited
- 6.4.4 Marco Rubber and Plastics
- 6.4.5 Momentive
- 6.4.6 Shandong Huaxia Shenzhou New Material Co. Ltd
- 6.4.7 Shin-Etsu Chemical Co. Ltd.
- 6.4.8 Silex Ltd.
- 6.4.9 Trelleborg Group
- 6.4.10 Wacker Chemie AG
- 6.4.11 Zhejiang Huanxin Fluoro Material Co. Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Blending Fluorosilicone with High Consistent Rubber (HCR)
- 7.2 Other Opportunities
Fluorosilicone Industry Segmentation
Fluorosilicone is a variation of silicone rubber that maintains excellent high-temperature stability and mechanical properties while offering greater resistance to fuel, oil, and other chemicals. It offers high resistance to weathering, ozone, and chemicals and is developed for special applications where general resistance to oxidizing chemicals and aromatic and chlorinated solvent bases is required.
The fluorosilicone market is segmented by product type, end-user industry, and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). By product type, the market is segmented into elastomers, adhesives and sealants, antifoams, coatings, and other product types (lubricants, etc.). By end-user industry, the market is segmented into oil and gas, automotive, aerospace and defense, and other end-user industries (OEMs, industrial, etc.).
The report also covers the market size and forecasts for fluorosilicone in 15 countries across the major regions. For each segment, market sizing and forecasts have been done on the basis of volume (tons).
| Product Type | Elastomer | |
| Adhesives and Sealants | ||
| Antifoams | ||
| Coating | ||
| Other Product Types (Lubricants, etc) | ||
| End-user Industry | Oil and Gas | |
| Automotive | ||
| Aerospace and Defense | ||
| Other End-user Industry (OEMs, Industrial, etc.) | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle East and Africa |
Fluorosilicone Market Research FAQs
How big is the Fluorosilicone Market?
The Fluorosilicone Market size is expected to reach 29.67 kilotons in 2024 and grow at a CAGR of greater than 5% to reach 39.95 kilotons by 2029.
What is the current Fluorosilicone Market size?
In 2024, the Fluorosilicone Market size is expected to reach 29.67 kilotons.
Who are the key players in Fluorosilicone Market?
Dow, Macro Rubber and Plastics, Shin-Etsu Chemical Co., Ltd, Wacker Chemie AG and Trelleborg Group are the major companies operating in the Fluorosilicone Market.
Which is the fastest growing region in Fluorosilicone Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Fluorosilicone Market?
In 2024, the North America accounts for the largest market share in Fluorosilicone Market.
What years does this Fluorosilicone Market cover, and what was the market size in 2023?
In 2023, the Fluorosilicone Market size was estimated at 28.19 kilotons. The report covers the Fluorosilicone Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Fluorosilicone Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Fluorosilicone Industry Report
Statistics for the 2024 Fluorosilicone market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Fluorosilicone analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
