The global fluoropolymer coating market is expected to reach USD 2186.77 million by 2025, from USD 1361.7 million in 2017, growing at a CAGR of 6.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Fluoropolymer Coating Market
This market report defines the market trends and forecast the upcoming opportunities and threats of the fluoropolymer coating market in the next 8 years. Fluoropolymer coating contains fluorine atoms with multiple strong carbon–fluorine bonds. It is characterized by a high resistance to solvents, acids, and bases. Fluoropolymer coating has low coefficients of friction, low chemical resistance, electrical resistance, corrosion protection, anti-galling properties, and UV protection. Fluoropolymer coating finds major application in automotive industry majorly ball bearings. According to the article published by Indian independent and professional investment information and credit rating agency (ICRA), there is increased in sales in automobile sector in the year 2016. It is estimated automobile industry is anticipated to rise by 10% in the approaching year. Hence, this will positively affect the growth of fluoropolymer coating in the coming times. Building & construction is considered to be the leading end-users in the fluoropolymer coating market. In building and construction sector, fluoropolymer coatings are extensively used in paints, sealants, and adhesives. According to the article published by U.S. Census Bureau, in 2016, total construction increased by 6.5% worldwide. Due to the increased growth rate in the aforementioned sector, the global market for fluoropolymer coating developed notably.
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Major Market Drivers and Restraints:
- Increasing demand for penetration in the processing industry.
- Growing number of demand with expanding end-user industries in China
- Increased use of fluoropolymer coating in non-stick industry
- Increasing environmental regulations
- Market development of substitute coatings
Major Market Competitors/Players: Global Fluoropolymer Coating Market
Some of the major players operating in the global fluoropolymer market coating are
- Akzo Nobel N.V.
- Daikin Airconditioning India Pvt. Ltd
- PPG Industries
- BASF SE
- The Valspar Corporation
- Beckers Group.
- Tiger Drylac U.S.A. Inc.
- Advanced Industrial Coatings
- The Chemours Company
- Desert Coating Solutions
- Sun Coating
- Central Coating
- Metal Coatings Corp.
- lectro Chemical Engineering & Manufacturing Co
- KECO Coatings
- HVM Surface Engineering among others.
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Market Segmentation: Global Fluoropolymer Coating Market
The global Fluoropolymer coating market is segmented based on type, end user, and geographical segments.
Based on type, the global Fluoropolymer coating market is segmented into polyvinylidene difluoride (PVDF), polytetrafluoroethylene (PTFE), fluorinated ethylene propylene (FEP), and ethylene tetrafluoroethylene (ETFE)
On the basis of end user, the global fluoropolymer coating market is segmented into food processing, electrical & electronics, chemical processing, building & construction and others.
Based on geography, the global fluoropolymer coating market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
Competitive Analysis: Global Fluoropolymer Coating Market
The global fluoropolymer coating market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of fluoropolymer coating market for global, Europe, North America, Asia Pacific and South America.
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