Middle East & Africa Fluoroelastomers Market Forecast to 2030
Middle East & Africa Fluoroelastomers Market Forecast to 2030 – Regional Analysis – by Type (Fluorocarbon Elastomers, Fluorosilicone Elastomers, and Perfluorocarbon Elastomers), Application (O-Rings, Seals and Gaskets, Hoses, Molded Parts, and Others), and End User (Automotive, Aerospace, Oil and Gas, Semiconductors, Energy and Power, and Others)
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Description
Research Related to Fluoroelastomer Recycling Fuels Middle East & Africa Fluoroelastomers Market
Fluoroelastomers are used in the production of gaskets, seals, and other components, offering a barrier against harsh chemicals and fluids under severe service conditions. However, disposal of fluoroelastomers at the end of their life cycle can be challenging.
Recycling initiatives by scientists can help reduce fluoroelastomer waste and limit the need for virgin materials. A few properties of fluoroelastomer such as durability and chemical resistance make recycling a challenging aspect; however, there are several approaches and ongoing research pertaining to fluoroelastomer recycling. Mechanical recycling involves the grinding of fluoroelastomers into small particles; but this method is not suitable for all fluoroelastomers as it hampers material properties, preventing them from being used again. In 2022, researchers at the University of Applied Sciences Kaiserslautern (Germany) studied recycling methods for fluoroelastomers and “green cross-linking strategy.” Ongoing research on various fluoroelastomer recycling methods includes chemical recycling, pyrolysis, and solvent-based recycling. Fluoroelastomer seals and gaskets are studied for reclamation and reutilization in cases where it has not undergone significant degradation. Thus, ongoing research for fluoroelastomer recycling offers potential opportunities for the major players operating in the fluoroelastomers market during the forecast period.
Middle East & Africa Fluoroelastomers Market Overview
The fluoroelastomers market in the Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. In the Middle East & Africa, fluoroelastomers are widely used in the oil and gas industry. The region is a global hub for oil production and refining, and fluoroelastomers are crucial in seals, gaskets, and O-rings used in wellheads, pipelines, and processing equipment. Their resistance to aggressive chemicals and high temperatures ensures the reliable operation of these critical components. In the Middle East & Africa, fluoroelastomers are also essential in the mining industry. The report published by the Minerals Council of South Africa in 2022 revealed that the mining production in South Africa was valued at US$ 57 billion in 2021 and reached US$ 61 billion in 2022. Further, in South Africa, mining exports accounted for US$ 46.3 billion, or 24% of the country’s international trade, in 2022. The total sales of iron ore in South Africa accounted for US$ 5.4 billion in 2022, representing a rise of 47.3% compared to 2019. In addition, according to the International Trade Administration, Saudi Arabia’s untapped mineral reserves accounted for US$ 1.3 trillion in 2021. Further, the World Mining Data 2022 report by the Federal Ministry of the Republic of Austria revealed that Africa accounted for 889.6 million metric tons of mineral production (excluding bauxite). The mining production rate of minerals in Africa increased by 16.2% from 2000 to 2020. This region is rich in mineral resources, and the equipment used in mining operations often operates in abrasive and corrosive environments. Fluoroelastomers contribute to extended service life and reduced mining and mineral processing maintenance.
Further, fluoroelastomers are employed in engine seals, fuel system components, and transmission seals. These materials help vehicles endure extreme temperatures and perform in harsh desert climates. The rise in automotive sales in South Africa and Saudi Arabia is creating a significant demand for fluoroelastomers. For instance, in September 2022, Renault Group Morocco announced that its two factories in Tangier and Casablanca, Morocco, produced 350,000 vehicles in 2022, a 15.3% increase over the production numbers in 2021. In the Middle East & Africa, the market is evolving due to the increasing passenger vehicle production. Rising middle-class income, growing population, and increasing passenger vehicle production are driving the fluoroelastomers market.
Middle East & Africa Fluoroelastomers Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Fluoroelastomers Market Segmentation
The Middle East & Africa fluoroelastomers market is segmented into type, application, end user, and country.
Based on type, the Middle East & Africa fluoroelastomers market is segmented into fluorocarbon elastomers, fluorosilicone elastomers, and perfluorocarbon elastomers. The fluorocarbon elastomers segment held the largest share of the Middle East & Africa fluoroelastomers market in 2022.
Based on application, the Middle East & Africa fluoroelastomers market is categorized into O-rings, seals and gaskets, hoses, molded parts, and others. The O-rings segment held the largest share of the Middle East & Africa fluoroelastomers market in 2022.
In terms of end user, the Middle East & Africa fluoroelastomers market is segmented into automotive, aerospace, oil and gas, semiconductors, energy and power, and others. The automotive segment held the largest share of the Middle East & Africa fluoroelastomers market in 2022.
Based on country, the Middle East & Africa fluoroelastomers market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa fluoroelastomers market in 2022.
3M Company, AGC Inc, Daikin Industries Ltd, Solvay SA, and The Chemours Co are some of the leading companies operating in the Middle East & Africa fluoroelastomers market.
Summary Info
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According to the Research Team’ research, the Middle East & Africa fluoroelastomers market was valued at US$ 48.43 million in 2022 and is expected to reach US$ 69.19 million by 2030, registering a CAGR of 4.6% from 2022 to 2030. Rising demand for fluoroelastomers in the automotive industry and growing oil and gas industry are among the critical factors attributed to the Middle East & Africa fluoroelastomers market expansion.
Fluoroelastomers are used in a wide range of applications in the automotive industry. It is used in fuel system components, seals, gaskets, and hoses due to its high resistance to heat, chemicals, and fuels. According to a report published by the ACEA, global passenger car production accounted for 68 million units in 2022, a rise of 7.9% compared to 2021. According to OICA, total vehicle production in Africa reached over 1 million units in 2022, representing a Y-o-Y increase of 13% from 2021.
Further, major automotive companies are strengthening their production capacities and emphasizing advancement in automotive technologies. Automotive manufacturers focus on decreasing the size of powertrains, engines, and engine compartments to reduce fuel consumption, in addition to the development of electric vehicles. The advancement in air management systems increases the temperature of components and exposes them to corrosive fluids and fumes. The heat and chemical-resistant properties of fluoroelastomers offer a wide range of applications in fuel systems, air management systems, and electric vehicle systems. Thus, the rising demand for high-performance materials in the automotive industry drives the fluoroelastomers market.
On the contrary, Environmental Regulations and Concerns Related to Fluoroelastomers hamper the growth of Middle East & Africa fluoroelastomers market.
Based on type, the Middle East & Africa fluoroelastomers market is categorized into fluorocarbon elastomers, fluorosilicone elastomers, and perfluorocarbon elastomers. The fluorocarbon elastomers segment held 88.0% share of the Middle East & Africa fluoroelastomers market in 2022, amassing US$ 42.60 million. It is projected to garner US$ 59.94 million by 2030 to expand at 4.4% CAGR during 2022-2030.
In terms of application, the Middle East & Africa fluoroelastomers market is segmented into O-rings, seals and gaskets, hoses, molded parts, and others. The O-rings segment held 32.4% share of Middle East & Africa fluoroelastomers market in 2022, amassing US$ 15.68 million. It is projected to garner US$ 24.08 million by 2030 to expand at 5.5% CAGR during 2022-2030.
Based on end user, the Middle East & Africa fluoroelastomers market is categorized into automotive, aerospace, oil and gas, semiconductors, energy and power, and others. The automotive segment held 57.5% share of Middle East & Africa fluoroelastomers market in 2022, amassing US$ 27.85 million. It is projected to garner US$ 41.87 million by 2030 to expand at 5.2% CAGR during 2022-2030.
Based on country, the Middle East & Africa fluoroelastomers market has been categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 40.7% share of Middle East & Africa fluoroelastomers market in 2022. It was assessed at US$ 19.71 million in 2022 and is likely to hit US$ 29.30 million by 2030, exhibiting a CAGR of 5.1% during 2022-2030.
Key players operating in the Middle East & Africa fluoroelastomers market are 3M Company, AGC Inc, Daikin Industries Ltd, Solvay SA, and The Chemours Co, among others.
In June 2022, Solvay introduced a new portfolio of high-performance Tecnoflon peroxide curable fluoroelastomers (FKM) produced without the use of fluorosurfactants.
In April 2021, FLUORSID announced the acquisition of 50% of the shares in CF Carbons, from Fluorchemie Frankfurt. CF Carbons is a leading producer of chlorodifluoromethane (HCFC-22 or, more commonly, R22), with a plant within the Industrial Park Hoechst, at Frankfurt-on-Main, and current production capacity of around 24,000 MT/year. R22 is the main raw material for many fluoropolymers, including – in particular – PTFE and some special Fluoroelastomers.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa Fluoroelastomers Market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
2.2.1 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Fluoroelastomers Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
5. Middle East & Africa Fluoroelastomers Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Fluoroelastomers in Automotive Industry
5.1.2 Growing Oil and Gas Industry
5.2 Market Restraints
5.2.1 Environmental Regulations and Concerns Related to Fluoroelastomers
5.3 Market Opportunities
5.3.1 Rise in Strategic Initiatives by Major Market Players
5.4 Future Trends
5.4.1 Research Related to Fluoroelastomer Recycling
5.5 Impact Analysis
6. Fluoroelastomers Market – Middle East & Africa Market Analysis
6.1 Middle East & Africa Fluoroelastomers Market Volume (Tons)
6.2 Middle East & Africa Fluoroelastomers Market Revenue (US$ Million)
6.3 Middle East & Africa Fluoroelastomers Market Forecast and Analysis
7. Middle East & Africa Fluoroelastomers Market Analysis – Type
7.1 Fluorocarbon Elastomers
7.1.1 Overview
7.1.2 Fluorocarbon Elastomers Market Volume, Revenue and Forecast to 2030 (Tons) (US$ Million)
7.2 Fluorosilicone Elastomers
7.2.1 Overview
7.2.2 Fluorosilicone Elastomers Market Volume, Revenue and Forecast to 2030 (Tons) (US$ Million)
7.3 Perfluorocarbon Elastomers
7.3.1 Overview
7.3.2 Perfluorocarbon Elastomers Market Volume, Revenue and Forecast to 2030 (Tons) (US$ Million)
8. Middle East & Africa Fluoroelastomers Market Analysis – Application
8.1 O-Rings
8.1.1 Overview
8.1.2 O-Rings Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Seals and Gaskets
8.2.1 Overview
8.2.2 Seals and Gaskets Market Revenue and Forecast to 2030 (US$ Million)
8.3 Hoses
8.3.1 Overview
8.3.2 Hoses Market Revenue and Forecast to 2030 (US$ Million)
8.4 Molded Parts
8.4.1 Overview
8.4.2 Molded Parts Market Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others Market Revenue and Forecast to 2030 (US$ Million)
9. Middle East & Africa Fluoroelastomers Market Analysis – End-User
9.1 Automotive
9.1.1 Overview
9.1.2 Automotive Market, Revenue and Forecast to 2030 (US$ Million)
9.2 Aerospace
9.2.1 Overview
9.2.2 Aerospace Market, Revenue and Forecast to 2030 (US$ Million)
9.3 Oil and Gas
9.3.1 Overview
9.3.2 Oil and Gas Market, Revenue and Forecast to 2030 (US$ Million)
9.4 Semiconductors
9.4.1 Overview
9.4.2 Semiconductors Market, Revenue and Forecast to 2030 (US$ Million)
9.5 Energy and Power
9.5.1 Overview
9.5.2 Energy and Power Market, Revenue and Forecast to 2030 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
10. Middle East & Africa Fluoroelastomers Market – Country Analysis
10.1 Middle East & Africa
10.1.1 Middle East & Africa Fluoroelastomers Market Revenue and Forecasts and Analysis – By Countries
10.1.1.1 Middle East & Africa Fluoroelastomers Market Breakdown by Country
10.1.1.2 South Africa Fluoroelastomers Market Volume and Forecasts to 2030 (Tons)
10.1.1.3 South Africa Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.3.1 South Africa Fluoroelastomers Market Breakdown by Type
10.1.1.3.2 South Africa Fluoroelastomers Market Breakdown by Type
10.1.1.3.3 South Africa Fluoroelastomers Market Breakdown by Application
10.1.1.3.4 South Africa Fluoroelastomers Market Breakdown by End-User
10.1.1.4 Saudi Arabia Fluoroelastomers Market Volume and Forecasts to 2030 (Tons)
10.1.1.5 Saudi Arabia Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.5.1 Saudi Arabia Fluoroelastomers Market Breakdown by Type
10.1.1.5.2 Saudi Arabia Fluoroelastomers Market Breakdown by Type
10.1.1.5.3 Saudi Arabia Fluoroelastomers Market Breakdown by Application
10.1.1.5.4 Saudi Arabia Fluoroelastomers Market Breakdown by End-User
10.1.1.6 UAE Fluoroelastomers Market Volume and Forecasts to 2030 (Tons)
10.1.1.7 UAE Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.7.1 UAE Fluoroelastomers Market Breakdown by Type
10.1.1.7.2 UAE Fluoroelastomers Market Breakdown by Type
10.1.1.7.3 UAE Fluoroelastomers Market Breakdown by Application
10.1.1.7.4 UAE Fluoroelastomers Market Breakdown by End-User
10.1.1.8 Rest of Middle East & Africa Fluoroelastomers Market Volume and Forecasts to 2030 (Tons)
10.1.1.9 Rest of Middle East & Africa Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.9.1 Rest of Middle East & Africa Fluoroelastomers Market Breakdown by Type
10.1.1.9.2 Rest of Middle East & Africa Fluoroelastomers Market Breakdown by Type
10.1.1.9.3 Rest of Middle East & Africa Fluoroelastomers Market Breakdown by Application
10.1.1.9.4 Rest of Middle East & Africa Fluoroelastomers Market Breakdown by End-User
11. Industry Landscape
11.1 Overview
11.2 New Product Development
11.3 Merger and Acquisition
12. Company Profiles
12.1 The Chemours Co
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 AGC Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 3M Company
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Solvay SA
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Daikin Industries Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About the Research Team
LIST OF TABLES
Table 2. Middle East & Africa Fluoroelastomers Market Volume and Forecasts to 2030 (Tons)
Table 3. Middle East & Africa Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million)
Table 4. Middle East & Africa Fluoroelastomers Market Volume and Forecasts to 2030 (Tons) – Type
Table 5. Middle East & Africa Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 6. Middle East & Africa Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 7. Middle East & Africa Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million) – End-User
Table 8. South Africa Fluoroelastomers Market Volume and Forecasts to 2030 (Tons) – by Type
Table 9. South Africa Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million) – by Type
Table 10. South Africa Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million) – by Application
Table 11. South Africa Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million) – by End-User
Table 12. Saudi Arabia Fluoroelastomers Market Volume and Forecasts to 2030 (Tons) – by Type
Table 13. Saudi Arabia Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million) – by Type
Table 14. Saudi Arabia Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million) – by Application
Table 15. Saudi Arabia Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million) – by End-User
Table 16. UAE Fluoroelastomers Market Volume and Forecasts to 2030 (Tons) – by Type
Table 17. UAE Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million) – by Type
Table 18. UAE Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million) – by Application
Table 19. UAE Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million) – by End-User
Table 20. Rest of Middle East & Africa Fluoroelastomers Market Volume and Forecasts to 2030 (Tons) – by Type
Table 21. Rest of Middle East & Africa Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million) – by Type
Table 22. Rest of Middle East & Africa Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million) – by Application
Table 23. Rest of Middle East & Africa Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million) – by End-User
LIST OF FIGURES
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: Fluoroelastomers Market
Figure 4. Market Dynamics: Middle East & Africa Fluoroelastomers Market
Figure 5. Middle East & Africa Fluoroelastomers Market Impact Analysis of Drivers and Restraints
Figure 6. Middle East & Africa Fluoroelastomers Market Volume (Tons), 2020 – 2030
Figure 7. Middle East & Africa Fluoroelastomers Market Revenue (US$ Million), 2020 – 2030
Figure 8. Middle East & Africa Fluoroelastomers Market Share (%) – Type, 2022 and 2030
Figure 9. Fluorocarbon Elastomers Market Volume and Forecasts to 2030 (Tons)
Figure 10. Fluorocarbon Elastomers Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Fluorosilicone Elastomers Market Volume and Forecasts to 2030 (Tons)
Figure 12. Fluorosilicone Elastomers Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Perfluorocarbon Elastomers Market Volume and Forecasts to 2030 (Tons)
Figure 14. Perfluorocarbon Elastomers Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Middle East & Africa Fluoroelastomers Market Share (%) – Application, 2022 and 2030
Figure 16. O-Rings Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Seals and Gaskets Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Hoses Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Molded Parts Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. Middle East & Africa Fluoroelastomers Market Share (%) – End-User, 2022 and 2030
Figure 22. Automotive Market Revenue and Forecasts to 2030 (US$ Million)
Figure 23. Aerospace Market Revenue and Forecasts to 2030 (US$ Million)
Figure 24. Oil and Gas Market Revenue and Forecasts to 2030 (US$ Million)
Figure 25. Semiconductors Market Revenue and Forecasts to 2030 (US$ Million)
Figure 26. Energy and Power Market Revenue and Forecasts to 2030 (US$ Million)
Figure 27. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 28. Middle East & Africa Fluoroelastomers Market, By Key Country – Revenue (2022) (US$ Million)
Figure 29. Fluoroelastomers Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 30. South Africa Fluoroelastomers Market Volume and Forecasts to 2030 (Tons)
Figure 31. South Africa Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million)
Figure 32. Saudi Arabia Fluoroelastomers Market Volume and Forecasts to 2030 (Tons)
Figure 33. Saudi Arabia Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million)
Figure 34. UAE Fluoroelastomers Market Volume and Forecasts to 2030 (Tons)
Figure 35. UAE Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million)
Figure 36. Rest of Middle East & Africa Fluoroelastomers Market Volume and Forecasts to 2030 (Tons)
Figure 37. Rest of Middle East & Africa Fluoroelastomers Market Revenue and Forecasts to 2030 (US$ Million)
1. 3M Company
2. AGC Inc
3. Daikin Industries Ltd
4. Solvay SA
5. The Chemours Co
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