The global market for fluorosilicone is projected to experience significant growth over the next decade, with a CAGR of 9.8% from 2023 to 2032.
Fluorosilicone and silicone rubber exhibits high flexibility and resistance to compression set, making them suitable for applications that require repeated flexing and bending.
The demand for high-performance plastics is expected to grow steadily in the coming years, driven by factors such as their ability to withstand extreme temperatures, resistance to chemicals and harsh environments, and high strength-to-weight ratio. Additionally, the expanding application of plastics in industries such as automotive, aerospace, and electronics is expected to further drive market growth.
The fluoro silicone Gum market is expected to witness significant growth over the next decade. The market is dominated by major players such as Tesla, Inc., General Motors, Volkswagen Group, and Nissan Motor Co., Ltd., who are investing heavily in research and development to improve EV performance, range, and affordability. Additionally, new entrants such as Chinese automaker NIO Inc. and U.S. electric truck manufacturer Rivian are also gaining traction in the market.
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