Market Overview:
The global fluoroelastomers for wearable device market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for fluoroelastomers from the medical and consumer goods applications. Additionally, the growing demand for fluoroelastomers in Asia Pacific is also contributing to the growth of this market. However, volatility in raw material prices may restrain the growth of this market during the forecast period. The global fluoroelastomers for wearable device market can be segmented on the basis of type into fluorocarbon elastomers and fluorosilicone elastomers. On the basis of application, this market can be segmented into medical devices, consumer goods and other applications such as automotive and aerospace components.
Product Definition:
A fluoroelastomer is a polymer that contains fluorine atoms. Fluoroelastomers are often used in wearable devices because they are resistant to oils and other chemicals, and they have a high degree of elasticity.
Fluorocarbon Elastomers:
Fluorocarbon elastomers (FcEs) are polymers with low heat and chemical resistance, but high wearability. Fluorocarbon elastomers are also known as fluoropolymers or perfluoroelastomers. Fluorocarbons have a triple bond between the carbon atom and thefluorene unit which offers excellent stability to these compounds, thus making them non-reactive to most substances.
Fluorosilicone Elastomers:
The global Fluorosilicone elastomers market size was estimated at USD 1.5 billion in 2016 and is expected to witness significant growth over the forecast period owing to its increasing demand in wearable devices, particularly for respiratory applications. The rising prevalence of respiratory diseases coupled with growing consumer awareness regarding health & fitness is anticipated to drive the demand for these products over the next seven years.
Application Insights:
The consumer goods segment dominated the global market in 2017. The growing demand for wearable devices, especially among the young population of developed countries such as Germany and Japan is expected to drive product demand over the forecast period. In addition, increasing R&D activities by major players such as 3M and Medtronic Plc to develop new products based on fluororoelastomers is further anticipated to fuel industry growth over the next eight years.
Medical application was one of the prominent segments accounting for a significant share in 2017 owing to high product usage in this sector including stents, catheters, pacemakers and other medical devices. Rising awareness about cardiac diseases coupled with an increase in patients suffering from heart related disorders is expected to propel market growth during this period. In addition, favorable government regulations regarding minimization of risks associated with cardiac diseases are likely to boost industry expansion through 2025 ¢â‚¬â€œ 2030 globally speaking.
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The region is expected to maintain its lead throughout the forecast period owing to high product demand from various end-use industries, such as consumer goods, automotive and medical devices. Rising R&D activities related to wearable devices are also anticipated to fuel market growth in North America during the forecast period.
Asia Pacific is projected to be one of the fastest-growing regions during the same period owing to increasing healthcare expenditure by governments and private agencies coupled with rising awareness regarding chronic diseases management systems in developing countries like China and India. In addition, favorable government initiatives promoting technological advancements are expected drive regional market growth over the next eight years.
Growth Factors:
- Increasing demand for wearable devices from the healthcare sector
- Rising demand for fluoroelastomers from the automotive industry
- Growing popularity of fluoroelastomers in electrical and electronics applications
- Rising demand for fluoroelastomers in Asia Pacific region
- Technological advancements in fluoroelastomer products
Scope Of The Report
Report Attributes
Report Details
Report Title
Fluoroelastomers for Wearable Device Market Research Report
By Type
Fluorocarbon Elastomers, Fluorosilicone Elastomers
By Application
Consumer Goods, Medical, Other
By Companies
Solvay, The Chemours Company, Daikin Industries, Halopolymer, OJSC, 3M
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Fluoroelastomers for Wearable Device Market Report Segments:
The global Fluoroelastomers for Wearable Device market is segmented on the basis of:
Types
Fluorocarbon Elastomers, Fluorosilicone Elastomers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Goods, Medical, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Solvay
- The Chemours Company
- Daikin Industries
- Halopolymer, OJSC
- 3M
Highlights of The Fluoroelastomers for Wearable Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fluorocarbon Elastomers
- Fluorosilicone Elastomers
- By Application:
- Consumer Goods
- Medical
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fluoroelastomers for Wearable Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fluoroelastomers are a type of polymer that is used in wearable devices to improve durability and reduce the likelihood of breaking. Fluoroelastomers are also heat resistant, which makes them ideal for devices that are exposed to high temperatures or other types of stress.
Some of the key players operating in the fluoroelastomers for wearable device market are Solvay, The Chemours Company, Daikin Industries, Halopolymer, OJSC, 3M.
The fluoroelastomers for wearable device market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fluoroelastomers for Wearable Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fluoroelastomers for Wearable Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fluoroelastomers for Wearable Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fluoroelastomers for Wearable Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fluoroelastomers for Wearable Device Market Size & Forecast, 2020-2028
4.5.1 Fluoroelastomers for Wearable Device Market Size and Y-o-Y Growth
4.5.2 Fluoroelastomers for Wearable Device Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fluorocarbon Elastomers
5.2.2 Fluorosilicone Elastomers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Consumer Goods
6.2.2 Medical
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fluoroelastomers for Wearable Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fluoroelastomers for Wearable Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fluorocarbon Elastomers
9.6.2 Fluorosilicone Elastomers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Consumer Goods
9.10.2 Medical
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fluorocarbon Elastomers
10.6.2 Fluorosilicone Elastomers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Consumer Goods
10.10.2 Medical
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fluorocarbon Elastomers
11.6.2 Fluorosilicone Elastomers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Consumer Goods
11.10.2 Medical
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fluorocarbon Elastomers
12.6.2 Fluorosilicone Elastomers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Consumer Goods
12.10.2 Medical
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fluorocarbon Elastomers
13.6.2 Fluorosilicone Elastomers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Consumer Goods
13.10.2 Medical
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fluoroelastomers for Wearable Device Market: Competitive Dashboard
14.2 Global Fluoroelastomers for Wearable Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Solvay
14.3.2 The Chemours Company
14.3.3 Daikin Industries
14.3.4 Halopolymer, OJSC
14.3.5 3M
