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Global Fluorosilicone Market 2018-2022| Increasing Demand from the Developing Countries to Boost Demand| Technavio

December 6, 2018

LONDON--(BUSINESS WIRE)--Dec 6, 2018-- analysts forecast the global fluorosilicone market to grow at a CAGR of nearly 8% during the forecast period, according to their latest market research report.

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Technavio has released a new market research report on the global fluorosilicone market for the period 2018-2022. (Graphic: Business Wire)

The increase in demand for 3D printing is one of the major trends being witnessed in the . In the 3D printing technique, thin layers of material are placed in succession in accordance with the shape of the product. Fluorosilicones can be used in 3D printing to provide functional prototypes and replacement parts for automobiles, aircraft, and medical components.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global fluorosilicone market is the increasing demand from the developing countries:

Global fluorosilicone market: Increasing demand from the developing countries

In developing economies such as China, Brazil, Mexico, India, the Philippines, and Indonesia, fluorosilicones are extensively used in automotive applications. Factors such as the availability of raw material, land, cost-effective labor, low transportation costs, and lenient government regulations and policies are enabling several fluorosilicone vendors to shift their manufacturing facilities to these countries.

According to a senior analyst at Technavio for research on specialty chemicals, “The emergence of countries such as China and India as the manufacturing hubs for automobiles and aircraft will drive the demand for fluorosilicones. In India, the Make in India initiative by the government will drive the production of automobiles. Factors such as growth in the construction, logistics, and mining segments will drive the demand for commercial vehicles. In 2016, China witnessed the sale of commercial vehicles to reach 1 million units, which is nearly 30% of global commercial vehicles sales.”

Global fluorosilicone market: Segmentation analysis

The global fluorosilicone market research report provides market segmentation by end-user (transportation, OEM, and oil and gas) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The transportation segment held the largest market share in 2017, accounting for nearly 65% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of 40%. This region is expected to dominate the market through 2022, with more than a 1% increase in its market share.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181206005508/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS OTHER MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 12/06/2018 09:22 AM/DISC: 12/06/2018 09:22 AM

http://www.businesswire.com/news/home/20181206005508/en

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