The elastomeric version of poly (tetrafluoroethylene), more commonly known as PTFE, is known as perfluoro elastomers (FFKM). These elastomers have a backbone that is entirely fluorinated. The elastomeric version of poly (tetrafluoroethylene), more commonly known as PTFE, is known as perfluoroelastomers (FFKM). These elastomers have a backbone that is completely fluorinated. As a result, the backbone consists of oxygen atoms, which are included as a component of the ether groups that supply elasticity.
The size of the global market for Perfluoroelastomer (FFKM) is expected to reach USD 467.51 million by 2028, expanding at a compound annual growth rate (CAGR) of 2.4%.
Covid-19 Impact and Market Status
Perfluoroelastomer (FFKM) for Semiconductors is expected to grow from an anticipated USD 206.7 million in 2021 to a revised size of USD 206.7 million by 2028, expanding at a CAGR of 4.9% throughout the study period due to the COVID-19 pandemic. Perfluoroelastomer (FFKM) for Semiconductors, which accounted for (%) of the global market in 2021, is expected to value USD million by 2028, rising at a revised (%) CAGR in the post-COVID-19 era, taking into account the full impact of this health crisis on the economy. In contrast, the CAGR for the by Type category has been adjusted downward from (%) to (%) for the duration of the forecast horizon.
North America Will Dominate The Perfluoroelastomer (Ffkm) Market
During the time covered by this estimate, it is anticipated that North America will continue to hold its position as the most lucrative area in the perfluoroelastomer market. Due to the growing preference for FKKM in the aerospace industry, Germany is the major contributor in Europe. This is because Germany has the most advanced manufacturing capabilities. Because of increased product demand for fluororubber from the petroleum and chemical industries, the Asia Pacific market is expected to expand in the coming years. It is projected that the Middle East and Africa will experience significant growth as a consequence of the growing implementation of FFKM in the electronics sector.
Following suite, Asia-Pacific will see a stable growth rate in the period of interest. The APAC market will rise considering the several emerging markets of Perfluoroelastomer in this geographic area. The proportion of Japan is 40.74%, the proportion of China is 3.31%, and the proportion of Europe is 5.52%. At a CAGR (compound annual growth rate) of 15.49% for the analysis period, China's share is projected to rise to 7.12% by 2028.
Seals Segment Will Dominate The Perfluoroelastomer (Ffkm) Market
Perfluoroelastomer is employed in culinary applications due to its minimal contamination and chemical resistance. Drugs can become contaminated without warning if their seals fail due to swelling, decomposition, or embrittlement. In these cases, perfluoroelastomer serves to prevent any potential contamination of the packaged goods. FFKM is utilized as a seal material replacement when the seal material normally employed is incompatible with the process media. It is also compatible with steam-in-place (SIP) cleaning and water-for-injection (WFI) systems. The market will benefit greatly from the FFKM's beneficial aspects.
The market size for perfluoroelastomer (FFKM) is predicted to reach close to 621 million by 2029 with an annualized growth rate of 5% through the forecast period 2022-2029.
Perfluoroelastomers, also known as FFKM, were first developed in the 1960s in an effort to create a material that possessed both the chemical resistance of PTFE and the mechanical qualities of FKM. FFKM was initially put to use in space programs and chemical processes, but in recent years, it has emerged as a popular option across a wide range of industries, particularly in the aerospace and automotive sectors. Not the least of which is due to its dependability, which has allowed this extraordinary material to cut downtime across a wide range of applications significantly.
In food applications where it is necessary to comply with FDA regulations, the perfluoroelastomer is utilized because of its low contamination rate and high chemical resistance. Failure of the seal due to excessive swelling, decomposition, or embrittlement might result in unplanned contamination of pharmaceutical products.
In these kinds of situations, perfluoroelastomer serves to shield packaged goods from the threat of contamination. When the conventional seal material that is fitted cannot be utilized because it is not chemically compatible with the process media, the FFKM is used as a substitute for the seal material. In addition to that, it is appropriate for use in Steam-in-Place (SIP) cleaning operations as well as water for Injection (WFI) systems. These advantageous aspects of FFKM will contribute to the market's participation in lucrative growth.
Perfluoroelastomers are ideally suited for application in the chemical and petroleum sectors, as well as in the production of analytical and process equipment, semiconductors, and other electronic components. FFKM In addition to this, it is utilized in processes that involve high temperatures and the application of paint and coating. It is common practice to make use of perfluoroelastomers in mission-critical applications such as the production of semiconductor chips, jet engines, and equipment used in chemical processing.
In addition, PTFE, which is used as a component in the construction of FFKM compounds, has properties that are advantageous. Even at low temperatures, PTFE has high flexural strength, and it also has a low coefficient of friction. Both of these properties make it a desirable material. Because of this, compounds made of perfluoroelastomer will also have a strong resistance to mechanical wear and tear, also known as resilience. FFKM compounds, when combined with the qualities of chemical resistance and thermal stability, will deliver the best durability and performance in the most demanding applications. This will assist in preventing failures and downtime, which will save money in operational costs as well as lessen severe threats to personnel, equipment, and the environment.
Key company profile in the Global Perfluoro Elastomer (FFKM) Market are DowDuPont, 3M, Solvay, Daikin, Asahi Glass, Gallagher Fluid Seals, Fluorez Technology, Eastern Seals, Highlight Corporation, Sensors ONE, DuPont, Seal & Design Inc., Precision Polymer Engineering/IDEX, ERIKS & Greene Tweed
Recent Developments in Global Perfluoroelastomer Market: A Snapshot
- In September 2018, HEXPOL paid $49 million to acquire Kirkhill Rubber. Perfluoroelastomer and silicone are two of the materials that Kirkhill Rubber compounds. With this purchase, Hexpol will be better able to expand and improve its position in the rubber compounding market.
- They can better meet the needs of their respective markets by combining their resources and expanding their product lines. The DuPont company introduced its cutting-edge FFKM sealing materials, Kalrez 7375, in April of 2018.
- The company's ability to develop new products will benefit from this. The Kalrez portfolio of sealing materials expanded to include The LS222 perfluoroelastomer from DuPont in May 2017. The company's expansion in the United Kingdom will be aided by this.
Perfluoro Elastomer (FFKM) Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2030||USD 621 million|
|Growth Rate||CAGR of 5 % during 2022-2030|
|Segment Covered||Type, End-User, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Gallagher Fluid Seals, Fluorez Technology, Eastern Seals, Highlight Corporation, Sensors ONE, DuPont, Seal & Design Inc., Precision Polymer Engineering/IDEX, ERIKS & Greene Tweed|
Key segments of the Perfluoro Elastomer (FFKM) Market
by type, 2021 to 2028 (USD Million)
End-User, 2021 to 2028 (USD Million)
- Large Enterprises
Application, 2021 to 2028 (USD Million)
- Aerospace Industry
- Electronics Industry
- Petroleum & Chemical Industry
- Convenience stores
Region Overview, 2021 to 2028 (USD Million)
- North America
- United States of America
- the Netherlands
- The United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America