The global fluoroelastomers market size is expected to reach USD 1,794.1 million by 2027, exhibiting a CAGR of 3.7% during the forecast period. The increasing demand for products including gaskets and hoses will create lucrative opportunities for the market. Information Source - https://www.fortunebusinessinsights.com/fluoroelastomer-market-104714 The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling, and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are making continuous efforts to help your business sustain and grow during the COVID-19 pandemic. Based on our experience and expertise, we will offer you an impact analysis of the coronavirus outbreak across industries to help you prepare for the future. The fluoroelastomers market report emphasizes on: Superior insights into all market Valuable data about eminent players Emerging trends Regional Insights Market drivers and restraints Latest developments Market Driver: Surging Demand for Fuel-Efficient Vehicles to Incite Development The depleting fossil fuel reserves and fluctuations in crude oil prices have led to high demand for fuel-efficient vehicles among consumers, which, in turn, will augur well for the fluoroelastomers industry. Similarly, increasing awareness about climate change and carbon emissions among consumers has further demand for low-emission vehicles. Automotive manufacturers are investing hefty funds in research and development to transform their existing designs and utilize lightweight materials to achieve the desired efficiency in cars. Moreover, OEMs reduce the size of components such as engines and powertrains and incorporate air circulatory systems to improve proficiency. The compatibility of fluoroelastomers with a wide variety of chemicals and resistance to extensive temperature ranges is projected to spur its demand in the automotive industry. Also, conventional elastomers' inability to sustain high temperatures will fuel the demand for fluoroelastomers in the near future. Halt on Manufacturing Activities to Reduce Demand Amid COVID-19 The COVID-19 pandemic had a negative impact on the automotive and aerospace industries. The pandemic resulted in an abrupt halt in manufacturing activities, supply chains, and factory shutdowns. As a result, the automotive industry is struggling with the generation of revenue. The sudden shutdown of production facilities disrupted the automotive sector. Moreover, the aircraft manufacturers reduced their production rates due to the global lockdown. The delayed aircraft deliveries and diminished production have severely affected the global fluoroelastomers market growth during the global pandemic. Regional Analysis: Rising investments in the pharmaceutical Industry to Favor Market in Asia Pacific The fluoroelastomers market in Asia Pacific is expected to grow exponentially during the forecast period due to its high consumption. Rising investments in the pharmaceutical, food processing, chemical processing, and coating industries in India and China will propel the market's growth. The market in North America is expected to hold the largest fluoroelastomer market share during the forecast period. The growth is attributed to the increasing demand from the automotive and aerospace industries because of fuel emission regulations. Europe is expected to expand radically during the forecast period. The presence of major automotive, and aerospace manufacturers such as Dassault Aviation, and Airbus will boost the market in Europe. Countries including Germany, the UK, and France were the major contributors in the region. Key Development: October 2019: Solvay expanded its production capacity of Tecnoflon FKM peroxide curable fluoroelastomer by 30% at its plant in Spinetta Marengo, Italy, to cater to the rising demand for high-performance sealing applications in the automotive, oil & gas, and semiconductor industries. The Report Lists the Key Players in the Global Market Solvay S.A. (Belgium) The Chemours Company (U.S.) Daikin Industries Ltd. (Japan) 3M (U.S.) AGC, Inc. (Japan) Shin-Etsu Chemical Co., Ltd. (Japan) Eagle Elastomer Inc. (U.S.) HaloPolymer (Russia) James Walker & Co. (UK) Air Boss Rubber Solutions (Canada) Dynafluon (India) Other Players

The global fluoroelastomers market size is expected to reach USD 1,794.1 million by 2027, exhibiting a CAGR of 3.7% during the forecast period. The increasing demand for products including gaskets and hoses will create lucrative opportunities for the market. Information Source - https://www.fortunebusinessinsights.com/fluoroelastomer-market-104714 The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling, and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are making continuous efforts to help your business sustain and grow during the COVID-19 pandemic. Based on our experience and expertise, we will offer you an impact analysis of the coronavirus outbreak across industries to help you prepare for the future. The fluoroelastomers market report emphasizes on: Superior insights into all market Valuable data about eminent players Emerging trends Regional Insights Market drivers and restraints Latest developments Market Driver: Surging Demand for Fuel-Efficient Vehicles to Incite Development The depleting fossil fuel reserves and fluctuations in crude oil prices have led to high demand for fuel-efficient vehicles among consumers, which, in turn, will augur well for the fluoroelastomers industry. Similarly, increasing awareness about climate change and carbon emissions among consumers has further demand for low-emission vehicles. Automotive manufacturers are investing hefty funds in research and development to transform their existing designs and utilize lightweight materials to achieve the desired efficiency in cars. Moreover, OEMs reduce the size of components such as engines and powertrains and incorporate air circulatory systems to improve proficiency. The compatibility of fluoroelastomers with a wide variety of chemicals and resistance to extensive temperature ranges is projected to spur its demand in the automotive industry. Also, conventional elastomers' inability to sustain high temperatures will fuel the demand for fluoroelastomers in the near future. Halt on Manufacturing Activities to Reduce Demand Amid COVID-19 The COVID-19 pandemic had a negative impact on the automotive and aerospace industries. The pandemic resulted in an abrupt halt in manufacturing activities, supply chains, and factory shutdowns. As a result, the automotive industry is struggling with the generation of revenue. The sudden shutdown of production facilities disrupted the automotive sector. Moreover, the aircraft manufacturers reduced their production rates due to the global lockdown. The delayed aircraft deliveries and diminished production have severely affected the global fluoroelastomers market growth during the global pandemic. Regional Analysis: Rising investments in the pharmaceutical Industry to Favor Market in Asia Pacific The fluoroelastomers market in Asia Pacific is expected to grow exponentially during the forecast period due to its high consumption. Rising investments in the pharmaceutical, food processing, chemical processing, and coating industries in India and China will propel the market's growth. The market in North America is expected to hold the largest fluoroelastomer market share during the forecast period. The growth is attributed to the increasing demand from the automotive and aerospace industries because of fuel emission regulations. Europe is expected to expand radically during the forecast period. The presence of major automotive, and aerospace manufacturers such as Dassault Aviation, and Airbus will boost the market in Europe. Countries including Germany, the UK, and France were the major contributors in the region. Key Development: October 2019: Solvay expanded its production capacity of Tecnoflon FKM peroxide curable fluoroelastomer by 30% at its plant in Spinetta Marengo, Italy, to cater to the rising demand for high-performance sealing applications in the automotive, oil & gas, and semiconductor industries. The Report Lists the Key Players in the Global Market Solvay S.A. (Belgium) The Chemours Company (U.S.) Daikin Industries Ltd. (Japan) 3M (U.S.) AGC, Inc. (Japan) Shin-Etsu Chemical Co., Ltd. (Japan) Eagle Elastomer Inc. (U.S.) HaloPolymer (Russia) James Walker & Co. (UK) Air Boss Rubber Solutions (Canada) Dynafluon (India) Other Players

The global cold chain packaging refrigerants market size is expected to reach USD 1,991.4 million by 2027, exhibiting a CAGR of 8.0% during the forecast period. The increasing product innovation coupled with demand for sustainable refrigerant products will have an excellent impact on the market, The market size stood at USD 1,093.8 million in 2019. Information Source-https://www.fortunebusinessinsights.com/cold-chain-packaging-refrigerants-market-104287 The report on cold chain packaging refrigerants market contains: Grander insights into the market Precise data with thorough research Market dynamics and factors exhibiting market growth Detailed information about the eminent players COVID-19 impact Market Driver: Significant Demand for Biopharmaceutical Products to Propel Growth The increasing demand for biopharmaceutical products such as drugs, vaccines, blood, and others can spur lucrative opportunities for the market. The flourishing biopharmaceutical in emerging nations will contribute positively to the growth of the market. For instance, African countries like Nigeria, South Sudan, and others have rapidly increased the supply of polio vaccines owing to a high prevalence rate in the region along with growing government support. Furthermore, the rising aging population is expected to enable speedy expansion of the market growth in the forthcoming years. The heavy demand for critical drugs and enzymes such as insulin will further promote the growth of the market. Besides, the growing awareness about the advantages of packaging refrigerants such as protection and temperature maintenance for sensitive products will intensify growth in the forthcoming years. Disrupted Operations to Dwindle Market Growth During Coronavirus The disruption caused by COVID-19 has resulted in a disturbing supply chain, shortage of labor, low consumer demand, and others. The drastic drop in packaging refrigerant demand owing to the interrupted distribution of food and beverage products will negatively affect market growth. However, the supply and distribution of the COVID-19 vaccine and other pharmaceutical products will spur demand for packaging refrigerants in the forthcoming years. For instance, on 4th October 2020, the union health ministry of India announced that India will distribute and utilize around 400-500 million vaccine doses by July 2021 within the country. Hence, a significant demand for cold chain logistics for the supply of vaccines will have an outstanding effect on the market in the near future. Regional Analysis: Booming Pharmaceutical Industry to Augment Growth in Asia Pacific The market in Asia Pacific is expected to hold the largest share in the global market during the forecast period owing to the expansion of the biopharmaceutical industry in developing countries such as India, China, Japan, South Korea, and others. The ever-increasing population in the Indian sub-continent will boost the growth of the market in the region. Moreover, the efficient management and distribution of food and pharmaceutical products can have a tremendous impact on the market in Asia Pacific. For instance, China invested in a cold chain logistics network and other related infrastructure to fulfill its domestic food and healthcare demand. North America is expected to account for the maximum share in the global market owing to the growing utilization of cold chain packaging refrigerants in the distribution of various products. The significant demand for refrigerants will propel the market in the region.