Core Viewpoint - The fluororubber (FPM) market in China is experiencing steady growth, with a market size reaching 720 million yuan in 2024, reflecting a year-on-year increase of 5.88% due to its excellent properties and wide applications in various industries [6][10]. Industry Overview - Fluororubber (FPM) is a synthetic polymer elastomer characterized by the presence of fluorine atoms, which provide unique properties making it suitable for demanding sealing applications [2][3]. - The main types of fluororubber include general-purpose and special-purpose variants, with products such as conventional binary fluororubber, ternary fluororubber, and low-temperature resistant fluororubber [2]. Industry Chain - The upstream of the fluororubber industry chain includes raw materials like fluorite, hydrofluoric acid, and vinylidene fluoride (VDF), while the downstream applications span high-end industrial sectors such as automotive, aerospace, and petrochemicals [4][5]. Market Size - The fluororubber market is expanding due to its superior electrical insulation properties and excellent resistance to organic solvents and fuels, making it highly sought after in automotive, aerospace, and chemical industries [6][10]. Key Enterprises - Major companies in the Chinese fluororubber industry include Haohua Technology, Juhua Co., and Dongyue Group, each with distinct advantages in technology, product quality, and market share [7][8]. - Haohua Technology reported a revenue of 3.157 billion yuan in Q1 2025, marking a 10.96% increase year-on-year, while Juhua Co. achieved a revenue of 5.8 billion yuan, reflecting a 6.05% growth [8][9]. Industry Development Trends 1. **Technological Innovation and Product Upgrading**: The industry is focusing on high-performance and differentiated products to meet the demands of high-end sectors like aerospace and automotive [10][11]. 2. **Market Application Expansion**: The demand for fluororubber is surging in traditional sectors and emerging fields, particularly in new energy vehicles, where it is essential for battery separators and seals [10][11]. 3. **Accelerated Industry Competition**: Increased competition is leading to consolidation and mergers within the industry, allowing leading companies to enhance their market positions and operational efficiencies [11].