United States Perfluoroelastomer Market Business Overview, Trends and Market Threats Forecast Till 2025

United States perfluoroelastomer (FFKM) Market is expected to grow at the highest CAGR in the upcoming period. Perfluoroelastomer (FFKM) is a chemically resistant elastomer and effectively a rubbery form of PTFE (polytetrafluoroethylene). It is perfluoroelastomeric compound including higher amount of fluoride than FKM. It has an improved resistance to high temperature and chemicals. Perfluoroelastomers are generally used to make gaskets and O-rings that imply applications that involve contact with highly corrosive fluids or hydrocarbons, or when an extensive range of temperatures is encountered.

Perfluoroelastomer (FFKM) is used in the petroleum & chemical industries and for the production of semiconductors & process and analytical instruments. It is also used for high temperature applications and paint & coating operations. Similarly, perfluoroelastomers are widely used in critical applications such as jet engines, semiconductor chip manufacturing, and chemical processing equipment.

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The factors responsible for the growth of United States perfluoroelastomer (FFKM) market include outstanding mechanical properties, high temperature stability, high purity materials for reduced process contamination, and the highest quality parts. However, high cost of materials and the other high pricing negatively impact the growth of perfluoroelastomer (FFKM) industry.

The market is widely analyzed based on different regional factors such as gross domestic product (GDP), demographics, acceptance, inflation rate and others. United States perfluoroelastomer (FFKM) market is categorized based on product, application and geography. Based on product, the market is classified as fluororubber 26, fluororubber 246 and fluororubber 23. Based on application, the United States perfluoroelastomer (FFKM) market is classified as aerospace industry, petroleum & chemical industry, electronics industry and others.

Based on geography, the United States perfluoroelastomer (FFKM) market spans Southwest, The Middle Atlantic, The West, New England, The South and The Midwest. Key players operating in the United States perfluoroelastomer (FFKM) market are Asahi Glass, 3M (Dyneon), Dupont, Solvay Solexis, and Daikin (AGC). The major market players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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