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Perfluoroelastomer (FFKM) is the combination of perfluoromethylvinylether and tetrafluoroethylene. It provides resistance to extreme chemical environments and high temperatures up to 327°C (621°F). The perfluoroelastomer is resistant to almost all chemicals including sodium hydroxide, alkalines, nitric acid, esters, ketones, fuels, ethylene diamine, alcohols, and hot water. It also offers resistance to weather or climatic conditions, ozone and steam. Additionally, it has very low gas permeability. Perfluoroelastomer is mainly utilized in sealing and to produce gaskets, O-rings, complex molded parts, and specialty seals. It finds application in various industries such as oil & gas, aerospace, and chemical.
The perfluoroelastomer is used to provide low contamination and chemical resistance in food applications where FDA compliance is required. The seal failure from excess swelling, decomposition, and embrittlement can cause unscheduled contamination in the pharmaceutical products. In such instances perfluoroelastomer protects the packed products from contamination. The FFKM is used as a substitute for seal material, when the standard fitted seal material is not chemically compatible with the process media. In addition, it is suitable for water for Injection (WFI) systems and Steam-in-Place (SIP) cleaning processes. These positive factors of FFKM will provide a lucrative growth to the market.
Key Market Driver -
Rising demand for perfluoroelastomer in the food processing and pharmaceutical industries to drive the market growth
Key Market Restraint -
High price of perfluoroelastomer to restrict the market growth
However, perfluoroelastomer has several beneficial properties including resistance to extreme high temperatures and many chemicals, and has high production cost which makes it expensive. This reduces the demand for the product in lost cost applications. Hence, it is anticipated to hinder the market growth.
Based on type, the perfluoroelastomer market is segmented into fluororubber 246, fluororubber 26, and fluororubber 23. Based on end-use industry, the market is segmented into petroleum & chemical, aerospace, electronics, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the perfluoroelastomer market includes Seal & Design Inc., Eastern Seals, ERIKS nv., DuPont, SensorsONE Ltd, Gallagher Fluid Seals, Inc., Greene Tweed, Precision Polymer Engineering/IDEX, Fluorez Technology Inc, and Highlight Tech. Corporation.
North America is expected to remain the leading region in the perfluoroelastomer market during the forecast period. The growth is attributed to the increasing demand for perfluoroelastomer in the chemical industry. In Europe, Germany is the leading contributor, owing to the increasing preferrence of FKKM in the aerospace industry. The market is Asia Pacific will grow due to the rising product demand for fluororubber from petroleum & chemical industry. The Middle East & Africa is anticipated to witness signification growth, owing to the increasing adoption of FFKM in the electronic industry.
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