DALLAS, May 1, 2015 /PRNewswire/ --
The report "Fluoroelastomers Market by Type (Fluorocarbon Elastomers, Fluorosilicone Elastomers, and Perfluoroelastomers), by Application (O-Rings, Seals & Hoses, Gaskets and Compound Moulding Parts), and by End-User Industries (Automotive, Aerospace, Energy and Power, Chemicals Etc.) - Global Trends & Forecast to 2019" published by MarketsandMarkets, The global market for Fluoroelastomers is projected to reach $1,008.3 Million by 2019. The global consumption for Fluoroelastomers is projected to register a CAGR of 6.8% in the forecast period.
Browse 142 Market Data Tables and 48 Figures spread through 162 Pages and in-depth TOC on"Fluoroelastomers Market".
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The Fluoroelastomers consumption is projected to grow from 24.0 KT in 2014 to 30.4 KT by 2019, at a CAGR of 4.9% during the same period.
The report also defines driving and restraining factors for the global fluoroelastomers market with the analysis of trends, opportunities, burning issues, winning imperatives, and challenges. Some of the drivers include growing key end-user industries, Strong demand for fluoroelastomers in Asia-Pacific. It is experiencing vast growth, in Asia-Pacific region, due to the increased demand of fluoroelastomers in automotive & transportation as well as chemical industries.
The market is forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific, and Rest of the World both by value and volume. The regional fluoroelastomers market is further segmented on the basis of major applications.
"Asia-Pacific: The Biggest Market of Fluoroelastomers"
The Asia-Pacific region is the world's largest market for fluoroelastomers in 2013. China is the key consumer of fluoroelastomers in Asia-Pacific. Various mergers & acquisitions, and expansions in fluoroelastomers industry have in turn made the region a potential growth market for the market.
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Expansion and new product development are the major growth strategies adopted by industry players. Most of the companies are engaged in expanding their existing facilities or are introducing novel products into the market by new product development.
The report forecasts value of the global fluoroelastomers market and its various sub-markets with respect to main regions namely, Asia-Pacific, Europe, North America, and Rest of the World.
The report segments the global fluoroelastomers market by their types and their end user applications.
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