Fluoroelastomers (FKM) Market Set for Explosive Growth by 2030
Market Overview According to the latest report, the global Fluoroelastomers Market size in 2019 is witnessed at USD 1,356.4 million and is predicted to reach the market size of USD 1,794.1 million with the highest CAGR of 3.7% during the forecast period 2020-2027. Fluoroelastomer rubber is a high-performance synthetic rubber that exhibits excellent mechanical and chemical properties like excellent abrasion, good chemical resistance, and radiation resistance. It has exceptional resistance to oils, gases, fluids, and chemicals at high temperatures and severe environments. These are preferred in harsh operational conditions in various industries like aerospace & defense, automotive, oil & gas, chemicals, and others. Synthetic elastomers with superior properties like better chemical resistance, temperature resistance, and flexibility are possible by using the fluoroelastomer material. Dyneon, Viton, DAI-EL, Tecnoflon, AFLAS, and Fluonox are some of the common trad...