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DUBLIN, March 8, 2023 (GLOBE NEWSWIRE) — “Viton (FKM) Global Market Analysis: Production Capacity, Production, Operational Efficiency, Demand & Supply, End Users, Sales Channels, Regional Demand, Company Share, 2015 – The 2032 database has been added to the ResearchAndMarkets.com product The global Viton (FKM) market size reached approximately 35,000 tons in 2021 and is expected to have a CAGR of 3.45% over the forecast period to 2032 .
The Solvay Group recently announced that they will increase Viton’s capacity by 30% at the company’s plant in Spinetta Marengo, Italy. The new capacity will come online in 2021 and is expected to expand Viton’s supply to Europe and international exports to the US and China. Thanks to the latest developments, the growth rate of Viton rubber production is increasing all over the world. Demand for fluoroelastomers is growing due to their widespread use in industry (sealing), oil and gas, automotive and chemical industries. In the world, the largest FKM producer is China, which accounts for about 40% of FKM production. By 2021, almost half of the FKM produced by the top five FKM companies will be in China, which is expected to be in the forecast period. FKM production. The global FKM market is divided into various industrial segments, including automotive, chemical and petrochemical, industrial, aerospace and others. However, automotive is the leading industry for FKM consumers and is expected to remain the leading consumer by 2032.
In the automotive industry, FKM is used to make electrical connectors, diaphragms, shaft seals, check valve balls, jet engine clamps, lathe-cut gaskets, and more. Demand for FKM in the aerospace industry is expected to rise sharply during the forecast period. Components made from FKM are of high quality and remain stable under extreme conditions such as low and high temperatures.
In the aerospace industry, FKM is used to make o-rings, valve stem seals, injector o-rings, fuel hoses, valve stems, lamellar gaskets, and many other components. Viton is used in chemical processing to prevent corrosion. Research objectives:
Viton Rubber supply and demand assessment covering production, supply and demand in the global Viton Rubber market.
Competitive developments such as expansions, mergers and acquisitions in the global Viton Rubber market are being studied.
On our online platform, you can get real-time information about key fluorocarbon rubber (FKM) manufacturers and their current and future operational capabilities.
Get a better idea of the regional availability of fluorocarbon rubber (FKM) by analyzing local grower capabilities.
To study the historical annual production of fluorocarbon rubber (FKM) of the leading players and forecast its growth in the coming years.
Find out which end user industries (automotive, chemical & petrochemical, industrial, aerospace, etc.) are creating the market and growth forecast for the Fluorocarbon Rubber (FKM) market.
Analyzing the evolution of FKM demand in different regions such as North America, Europe, Asia Pacific, Middle East and Africa, South America, etc. can help you map regional demand.
Fluororubber (FKM) is sold through various channels. Our sales channels can help you analyze whether the majority of your industry’s sales come from distributors and dealers or direct sales.
Determine the gap between supply and demand to get information about trade surpluses or shortages of fluorocarbon rubber (FKM).
Find out how much of the fluorocarbon rubber (FKM) market is currently held by the world’s top players.
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Post time: Aug-10-2023