According to a recent market study published by Growth Market Reports, titled, “Global Perfluoroelastomer (FFKM) Products Market by Product Type (Gasket, O-rings, Other Seals), by Function (Static, Dynamic), by End-Use Industry (Chemical Processing, Oil & Gas, Food & Pharmaceutical, Semiconductor, Aerospace, Others), and Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa): Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at USD 463.3 Million in 2021 and is expected to grow at a growth rate of 15.4% by the year 2030.

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As per Growth Market Reports industry analyst Anupama Kumari, the “Global Perfluoroelastomer (FFKM) Products Market is anticipated to witness significant growth during the forecast period 2022-2030. FFKM products became commercially available in the ’80s. Presently, multiple grades are available, depending on the specific applications.

FFKM products have high chemical and thermal resistance and are used for harsh environmental conditions. The market was negatively affected during the pandemic, owing to the disruptions in the raw material supply chains. However, the growth in the market is expected to rebound in the forecast period, owing to high demand from the semiconductor and oil & gas industries.

Perfluoroelastomer (FFKM) is an elastomeric form of polytetrafluoroethylene (PTFE). It combines the properties of fluoroelastomer (FKM) and polytetrafluoroethylene to enhance its applications as a sealing solution in hazardous industries. This material is extensively used to make O-rings and gaskets, for gas inlets, chamber lids, and slit valve doors, among others.

These elastomers are typically made from fillers, processing aids, and other additives. Examples of common fillers include carbon black, and mineral fillers such as silica, talc, clay, and polymeric fillers. FFKM can withstand extreme temperatures ranging from 55°C to 330°C. It contains carbon-fluorine bonds that are regarded as the strongest single bond in organic chemistry (the bond energy is approximately 115 kcal/m.) This strength, at the atomic level, provides the ability to sustain in extreme thermodynamic conditions to the material.

FFKMs can be an ideal material of choice due to their effectiveness and operational benefits. Less frequent seal replacements, repairs, and inspections can result in high process and equipment uptime and yield. The material combines the chemical resistance of PTFE with the flexibility and elasticity of regular fluoroelastomers (FKMs).

The primary and secondary research methodology is used for keen observation and study of perfluoro elastomer (FFKM) products. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects.

Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, and current and future trends done by the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess experience of around 10-20 years in the industry.

On the other hand, the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs.

Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases were analyzed for macro & microanalysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

The outbreak of coronavirus disease in 2019 (COVID-19) restrained the global economy, created global interdependence, and challenged the governments of various nations. The pandemic raised concerns among economies and businesses by shifting focus to the online supply of consumer electronic gadgets and automotive components and creating manufacturing issues.

In January, the WHO labeled the COVID-19 outbreak as a public health emergency of global concern and proclaimed it a global pandemic in March 2020. This deadly virus has become one of the biggest pandemics in human history.

The COVID-19 outbreak is a public health emergency that affected almost every industry. The long-term effects of the pandemic are expected to affect the growth of various industries during the forecast period, especially across Eastern Europe, European Union, the US, and Eastern & Central Asia.

As of February 13, 2023, this pandemic had infected over 678,724,789 people, and over 6,791,202 people died from the disease. COVID-19 cases have been registered in more than 231 countries and territories. Many countries are economically weak, while others have poor healthcare systems that affect the economy and life of people.

Key Takeaways from the Study

  • The players include Dupont, PARKER HANNIFIN CORP, Trelleborg AB, Greene Tweed, TRP Polymer Solutions Ltd, Freudenberg Sealing Technologies, Precision Polymer Engineering/IDEX, Fluorez Technology Inc., Horiaki India Pvt. Ltd., and M.C.M. S.p.A.

Scope of Perfluoroelastomer (FFKM) Product Market Report

Report Metric

Details

Market Value in 2021

USD 463.3 Million

Market Growth Rate (from 2022 to 2030)

3.8%

Historical Data

2015– 2020

Base Year

2021

Forecast Period

2022 – 2030

Units Considered

Value (USD Million)

Market Segments

Product Type (Gasket, O-rings, Other Seals), Function (Static, Dynamic), End-Use Industry (Chemical Processing, Oil & Gas, Food & Pharmaceutical, Semiconductor, Aerospace, Others)

Key Companies Profiled

Dupont, PARKER HANNIFIN CORP, Trelleborg AB, Greene Tweed, TRP Polymer Solutions Ltd, Freudenberg Sealing Technologies, Precision Polymer Engineering/IDEX, Fluorez Technology Inc., Horiaki India Pvt. Ltd., and M.C.M. S.p.A.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Perfluoroelastomer (FFKM) Product Market Target Audience

  • Supply-side: Raw material suppliers and Manufactures
  • Demand Side: Perfluoroelastomer (FFKM) Products manufacturing companies
  • Regulatory Side: Concerned government authorities, and other regulatory bodies.