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Fluoroelastomer Market- New Technological Development Projecting M****ive Growth till 2032
According to Future Market Insights, the global fluoroelastomer market reached US$1,467.6 million in 2022 and it is expected to surp**** a valuation of US$ 2,374.8 million by 2032. Furthermore, the overall sales of fluoroelastomers are poised to rise at 4.9% CAGR throughout the forecast period (2022–2032).
Rising adoption across end-use industries such as automotive, oil & gas, energy, and aerospace is a key factor driving demand for fluoroelastomers globally. Similarly, rapid shift towards lightweight and fuel-efficient vehicles is expected to boost the global fluoroelastomer market during the ****essment period.
Automotive industry has witnessed drastic changes over the last few years. Implementation of environmental regulations and vehicle norms across the world has promoted the use of lightweight and polymeric automotive components to increase fuel efficiency of the vehicle. Thanks to this shift in automotive industry, fluoroelastomer sales are growing at a healthy pace and the trend is likely to continue during the projection period.
Fluoroelastomers possess various specific properties including high fluorine-to-hydrogen proportion, outstanding oil resistance, and strong heat stability due to the lack of saturation. Hence, they find application in diverse end-use industries.
“Upsurge in new aircraft production coupled with rising demand for lightweight and energy-efficient vehicles will create growth prospects for the global fluoroelastomer market projection period,” said an ****yst at FMI.
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Who is Winning?
Leading players operating in the global fluoroelastomers industry include The Chemours Company, 3M, Daikin Industries, Gujarat Fluorochemicals Limited, Zhejiang Fluorine Chemical New Materials Co., Ltd, Halopolymer OJSC, James Walker & Co, Shin-Etsu chemicals, AGC Chemical Inc., and Solvay SA.
Key fluoroelastomer manufacturing companies are concentrating on growing their regional market and are actively engaged in establishing their direct presence in the local markets through mergers and acquisitions with regional players. They are also focused on increasing their investments in research and development to uncover new application areas of fluoroelastomers.
Fluoroelastomer Industry Segmentation
By Product Type:
Fluorosilicone
Fluorocarbon
Perfluoroelastomers
By End-use Industry:
Aerospace
Automotive
Chemicals
Consumer Electronics and Wearables
Oil and Gas
Energy
Pharmaceutical and Food
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa
More Insights into the Fluoroelastomer Market Report
In its latest report, Future Market Insights offers an unbiased ****ysis of the global fluoroelastomer market, providing historical data from 2017 to 2021 and forecast statistics for the forecast period of 2022 and 2032. To understand the global market potential, growth, and scope, the market is segmented based on product type, end-use industry, and region.
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United States and Canada Alumina Market by Segmentation type— Global Forecast to 2032
According to a research study conducted by Future Market Insights on the United States and Canada alumina market, demand for alumina is to reach a valuation of US$ 3,324.8 million by 2022. Robust domestic demand for defense and military equipment, tanker pumps, naval vessel components, and munitions hoist components is projected to drive growth in the United States and Canada alumina market. The market is estimated to be valued at US$ 5,491.3 million in 2032.
Aluminum is considered to be the primary raw material for a wide range of industries, especially for automotive, aerospace, and defense sectors. During World Wars I and II, about 90% of USA aluminum production went into defense and military uses.
The metal remains essential to several components of modern warfare and owing to this, there is a high demand for alumina for the production of aluminum. There will hence be huge demand for aluminum production across the country. Canada’s aluminum production is mainly exported to the USA and it is projected to further create a lucrative opportunity for alumina production in the United States and Canada during the ****essment period.
Competitive Landscape: United States and Canada Alumina Market
The market for alumina across the USA and Canada is set to be a consolidated industry, where key players are anticipated to hold a prominent share. Few of the renowned manufacturers in the market include REFRACTRON TECHNOLOGIES CORP., USA Electrofused Minerals, Inc., Washington Mills North Grafton, Inc., Great Lakes Minerals, LLC, Calix Ceramic Solutions, Illinois Valley Minerals (IVM), Cer-Met, Inc., Aluchem of Little Rock and Metal Exchange Corporation., and Nature Works LLC among others.
Key players are focusing on expanding their production capacities to improve their geographic footprint all over the globe, as well as to compete with their rivals. Few of the key companies are aiming to invest huge sums in alumina production backed by a significant surge in terms of demand from the automotive and defense industries.
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United States and Canada Alumina Market Outlook by Category
By Grade:
Metallurgical Grade
Refractory Grade
Grinding Grade
Others
By Application:
Aluminum Production
Abrasives
Ceramics
Refractories
Others
By Country:
United States
Canada
More Insights into the USA and Canada Alumina Market Report
In its latest report, Future Market Insights offers an unbiased ****ysis of the United States and Canada alumina market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032. To understand the United States and Canada market potential, growth, and scope, the market is segmented based on grade, application, and region.
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Sulphur Hexafluoride Market Innovations, Technology Growth and Research by 2023-2033
The market for sulphur hexafluoride is valued at US$ 288.37 million in 2023 and is expected to climb to US$ 487.93 million by 2033. During the projection period, the market will rise at a substantial CAGR of 5.4%. Favorable chemical properties and variegated end-use applications particularly electronic devices continue to supplement the growth of sulphur hexafluoride market.
Sulphur Hexafluoride (SF6) Calibration Gas is manufactured by reaction of fluorine with sulphur through electrolysis. Sulphur hexafluoride has excellent thermal, electrical, and chemical properties which make it suitable for various applications. It is used in industries such as power, medical, electronics, gl****, metal, etc.
Sulphur hexafluoride has excellent properties which are compatible with electrical applications. Thermal stability and high dielectric strength of Sulphur hexafluoride provide outstanding cooling and insulating properties. Being an ideal quench, it is used in switchgear and electric circuit breakers.
Sulphur hexafluoride is compatible for high-voltage and medium-high voltage power circuit breakers, electricity sub stations, transformers, high-voltage cables, linear accelerators, electron microscopes, and so on. Use of Sulphur hexafluoride over traditional dielectrics provides certain advantages such as space saving, low weight, and operational safety of the equipment.
In electronics industry, Sulphur hexafluoride is used as an etching gas in the manufacturing of photovoltaic panels, flat panels, and semiconductor devices. Large molecule size and high density of Sulphur hexafluoride make it a preferred etching gas in various electronic production processes.
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Sustainable Practices Remain Key Agenda of Industry Leaders
Some of the key players featured in this FMI study include, but are not limited to, Advanced Specialty Gases, Air Liquide, Electronic Fluorocarbons, LLC, Axcel Gases, American Gas Products, Solvay S.A., Praxair Technology, Inc., Honeywell International, Fujian Shaowu Yongfei Chemical Co. Ltd., Air Products and Chemicals, Inc., Chengdu Kemeite, Concorde Specialty Gases Inc., and Liming Research Institute.
The global sulphur hexafluoride market is fragmented in nature. Reusing sulphur hexafluoride and incorporating latest technology is the key forte of market leaders. For instance, Solvay reclaims and reuses sulphur hexafluoride gas worldwide to comply with stringent environmental norms. Other players opt for collaborations to strengthen their market presence.
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Sulphur Hexafluoride Market: Segmentation
The global sulphur hexafluoride market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
By Grade
Technical
Electronic
By Application
Electrical Transmission and Distribution
Semiconductor Manufacturing
More about the Report
FMI’s study offers an in-depth market forecast and ****ysis on the global sulphur hexafluoride market. The major categories encomp****ed by the report include grade, application across five regions (North America, Latin America, Europe, Middle East & Africa, Asia Pacific).
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https://www.futuremarketinsigh....ts.com/category/chem
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