Global FKM Elastomers Market is valued approximately USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2021-2027. Fluorocarbon elastomers, commonly known as FKM, are a key component in industries that are exposed to harsh chemical conditions, and intense temperatures. FKM can handle environments from as low as -40C and as high as 250C. Commercial fluoropolymers are widely used in chemical, automotive, electrical, and electronic, pharmaceutical industries. Growing pharmaceutical industry and rising chemical industry are key drivers for the growth of FKM Elastomers market. For instance, according to India Brand Equity Forum- India's domestic pharmaceutical market is expected to grow 3x in the next decade. Currently India's domestic pharmaceutical market is estimated at USD 42 billion in 2021 and likely to reach USD 65 billion by 2024 and further expand to reach USD 120-130 billion by 2030. Also, as per American Chemistry Council (ACC), (the US chemical industry's main trade association)- in USA total chemical Trade is estimated to reach to USD 240 billion in 2021 from USD 220.8 billion in the year 2020. Also, with the increasing demand from end use industries, the adoption & demand for FKM Elastomers is likely to increase the market growth during the forecast period. However, high cost of FKM Elastomers and negative impact of covid 19 pandemic on small scale industries impede the growth of the market over the forecast period of 2021-2027.

The key regions considered for the global FKM Elastomers market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to rising chemical and pharmaceutical industry in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. Factors such Growing demand for oil and gas, energy and power in the region and rising pharmaceutical industry would create lucrative growth prospects for the FKM Elastomers market across Asia-Pacific region.

Major market player included in this report are:

Daikin Industries Ltd.

DuPont

3M

VSK Industrial Limited

Solvay S.A.

HaloPolymer

OJSC

Zrunek Gummiwaren GmbH

Gujarat Fluorochemicals Limited

The Chemours Company

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Composition:

Vinylidene Fluoride (VDF)

Hexafluoropropylene (HFP)

Tetrafluoroethylene (TFE)

Perfluoromethylvinylether (PMVE)

Others

By End Use Industries:

Automotive

Electronics and Semiconductor

Chemical

Aerospace

Pharmaceuticals

Oil & gas

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019

Base year - 2020

Forecast period - 2021 to 2027

Target Audience of the Global FKM Elastomers Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors