FLUOROELASTOMER MARKET ANALYSIS

Market News

Key Developments

1. Major companies in the market are focused on various business strategies such as capacity expansion, in order to expand their product portfolio. For instance, in October 2018, Solvay, a Belgian chemicals company, expanded production of Tecnoflon, a fluroelastomer, to meet increasing demand from customers for high performance sealing applications.
2. Key players in the market are adopting various growth strategies such as new product launches, in order to expand their product portfolio. For instance, in April 2019, Greene Tweed, a provider elastomers, launched a new-generation ultra-flow temperature and chemical-resistant fluroelastomer.
3. Major companies in the global market are involved in various growth strategies such as capacity expansion, in order to enhance their market presence. For instance, in July 2017, AGC Chemicals Americas, Inc., a specialty chemicals producer, expanded its AFLAS testing lab in Pennsylvania, U.S., which includes installment of new fluroelastomer testing equipment.