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Pulished Date February, 2020
ID: 8843
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Fluoropolymer Coatings Market Analysis – By Product Type (Polytetrafluoroethylene (PTFE), Polyvinylidene Fluoride (PVDF), Fluorinated Ethylene Propylene (FEP), Ethylene Tetrafluoroethylene (ETFE), Others), End-User (Chemical, Electrical, Construction, Automotive Industries, Others), By Region ((North America (U.S., Canada), Europe (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of EU), Asia Pacific (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC), Latin America (Brazil, Mexico, Argentina, Chile), Middle East and Africa (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA)) - Global Industry Analysis on Size, Share, Trends, Growth & Forecast | 2019 - 2024

Pulished: February, 2020
ID: 8843
Pages: 100

Fluoropolymer Coatings Market Size and Growth (2019 - 2024)

As per the latest survey, the size and growth of the Fluoropolymer Coatings Market is Expected to Reach at a CAGR of 4.72% during the forecast period 2019 - 2024.

Fluoropolymer coatings are a mix of fluoropolymer lubricants and resin binders offering features like low friction coefficients, excellent protection against corrosion, and good chemical resistance. These coatings are based on tolerances, load expected, temperature, environment, and other relevant factors. Different colors are available for purposes of aesthetics and recognition. Fluoropolymer coatings often offer different benefits such as electrical resistivity, anti-galling properties, resistance to abrasion, low surface tension, lower coefficient of friction and small dielectric constant. Fluoropolymer coatings are used to boost wet strength, reduction of foam, anti-chipping, and to protect the coating surface against UV.

Growth Driving Factors

Wide range of advantages like electrical resistivity, low surface tension, abrasion resistance, anti-galling properties, low friction coefficient, and low dielectric constant when used these fluoropol-ymer coatings and the utilization in the process of improving wet ability, foam reduction, and for the end goal of UV protection of the coating material are some of the significant factors that are involved in the growth of the global Fluoropolymer Coatings Market.

The exceptional properties that can be useful for end uses in various industries, such as, building & construction, oil & gas, automotive, aerospace, industrial, & food processing and for the better development of performance of coatings, special additives that are used such as engineered chem-icals, resins or metal derivatives are the reasons that are propelling the demand of the global fluoropolymer coatings business.

The rising penetration in the processing industry, growing environmental regulations and increasing demand with expanding end-user industries are further fuelling the growth of the Fluoropolymer coatings market.

Key Challenges

Expensiveness in the costs of some fluoropolymer resins because of their scarce nature is one of the restraints that is estimated to hamper the global Fluoropolymer Coating market growth.

Potential Opportunities

One of the major factors attempting to drive the growth of the market studied is the growing Asia-Pacific manufacturing sector, increased use of high-performance coatings due to cost benefits and longer lifespan, and the increasing application sector, in particular, the renewable energy sector which will in turn serve as an opportunity for the market to expand.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By Product Type, End-user & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

AkzoNobel N.V., Daikin Industries Limited, Whitford Corporation, PPG Industries, BASF SE, The Valspar Corporation, E.I. DuPont de Nemours & Company, and Beckers Group

 

This research report on the Global Fluoropolymer Coatings Market has been segmented & sub-segmented into the following categories and evaluated market size & forecast for each segment until 2024.

Fluoropolymer Coatings Market – By Product Type

  • Polytetrafluoroethylene (PTFE)
  • Polyvinylidene Fluoride (PVDF)
  • Fluorinated Ethylene Propylene (FEP)
  • Ethylene Tetrafluoroethylene (ETFE)
  • Others

In the type segmentation, the polyvinylidene fluoride (PVDF) segment holds the major share of the market and is expected to continue its growth during the forecast period. The durable coating systems widely used for coating architectural aluminum surfaces and also for post-formed steel sheets (metal coils). PVDF coatings hold 15% of the share of fluoropolymer coating market consumption.

Fluoropolymer Coatings Market – By End User

  • Chemical
  • Electrical
  • Construction
  • Automotive Industries
  • Others

From the end-user segmentation of the global fluoropolymer coatings market, building & con-struction segment is dominating the market due to the regularly expanding population and quick urbanization, as well as the rise in purchasing power, investments in infrastructure are being planned. Also, the building & construction industry is thriving in several rising nations economi-cally in Asia-Pacific and South American regions.

Fluoropolymer coatings are the valuable products for paints, sealants, and adhesives to add dura-bility attributing to their advantage in expanding the life-cycle of the exterior surfaces, as well as the interval between recoats which can reduce the expenses of infrastructure management by de-creasing costs of maintenance and the number of recoats.

Fluoropolymer Coatings Market – By Region

The Fluoropolymer Coatings Market Report includes the segmentation of Regions with their respective Countries.

  • North America Fluoropolymer Coatings Market includes U.S, Canada

  • Europe Fluoropolymer Coatings Market includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe

  • Asia Pacific Fluoropolymer Coatings Market includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC

  • Latin America Fluoropolymer Coatings Market includes Brazil, Mexico, Argentina, Chile & Rest of LATAM

  • Middle East & Africa Fluoropolymer Coatings Market includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA

Regionally, Asia-Pacific dominated the market studied in 2018 and during the forecast period is expected to experience the highest CAGR. The Asia Pacific is the worldwide market for fluoropolymer coatings. Due to the demand for fluoropolymers followed by Europe, North America is second. Increasing demand for food processing and chemical processing in Asia Pacific regions, especially India, China, and Japan, has boosted the growth of the market for fluoropolymer coatings.

China's thirteenth five-year plan outlined urbanization centered on investment in airports, railways, and water infrastructure will assuredly drive the need for fluoropolymer-based coatings. Currently, China's steadily increasing number of housing stats is boosting the manufacturers of the coating. In addition, China is a market that is cost-sensitive. Since fluoropolymer coatings provide a lifetime of more than 30 years, there is a positive growth potential for the players in the market to reduce the cost of recovery and maintenance.

Promising Companies leading the Global Fluoropolymer Coatings Market Profiled in the Report are, AkzoNobel N.V., Daikin Industries Limited, Whitford Corporation, PPG Industries, BASF SE, The Valspar Corporation, E.I. DuPont de Nemours & Company, and Beckers Group. Other players influencing the global market are Nippon Paint Holdings Co. Ltd., The Dow Chemical Co., Tiger Drylac U.S.A., Arkema S.A., Evonik Industries, and Rhodia S.A.

 

Fluoropolymer Coatings Market

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms by raw materials,by application,along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

Fluoropolymer Coatings Market

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