Allied Market Research

2024

Fluoropolymer Coating Market

Fluoropolymer Coating Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Polytetrafluoroethylene (PTFE) Coating, Polyvinylidene Fluoride (PVDF) Coating, Fluoroethylene Propylene (FEP) Coating, Ethylene Tetrafluoro Ethylene (ETFE) Coating, Perfluoroalkoxy Alkanes (PFA) Coating and Others), by End-User Industry (Food Processing, Electrical & Electronics, Chemical Processing, Building & Construction, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

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Author's: | Eswara Prasad
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Fluoropolymer Coating Market Outlook 2030

Fluoropolymer coating are the mixture of fluoropolymer lubricants and resin blinders which helps in offering features like low friction coefficients and excellent protection against corrosion and also good chemical resistance. This coating is made by taking the base factors such as tolerances, load expected, temperature, environment and others. It is also available in different colors for the purpose of aesthetics and recognition. Fluoropolymer coatings are used to boost wet strength, reduce the foam, anti-chipping and to protect the coating surface from Ultra violet rays. Fluoropolymer coatings is used in the industrial applications and are applied on various derivatives such as concrete, carbon steel, stainless steel, steel alloys, brass, zinc, magnesium, and other metals, as well as non-metallic, such as glass, ceramics, elastomers, rubber, plastics, paper, or wood, in order to offer protection against mechanical, chemical, and environmental degradation. The main reason for applying a coating is to protect from various types of corrosion. Fluoropolymer coatings are one of the most durable types of non-stick coatings.

COVID-19 Impact analysis

  • The Fluoropolymer coating market is expected to witness a slowdown, owing to decline in demand and supply chain disruptions due to the global COVID-19 outbreak.
  • During the pandemic, the aerospace industry and construction & building industry were temporarily on halt, which has resulted in decline in the consumption rate of fluoropolymer coating in these industries, which in turn has adverse impact on the fluoropolymer coating market growth.
  • The automotive industry, which is a major end user for fluoropolymer coating, has witnessed high impact owing to COVID-19. This in turn is expected to hamper the growth of the fluoropolymer coating market.

Top Impacting Factors

The high involvement of fluoropolymer coating in various processing industries is the driving factor for the increase in growth of the market. The rise in usage across various industries owing to its various properties including foam reduction, improving wettability, anti-chipping, dispersing, and UV protection of the coating material. Development in the construction industry and growing penetration in paints, metals, construction, and bedding & furniture industries. Further, an increase in demand for bakeries and ready-to-eat foods along with the changing customer preferences and increase in the working population act as major growth drivers boosting the growth of the market. In addition, surge in concern toward environment-friendly products and the rise in building & construction industry is offering lucrative opportunities which can lead toward the growth of the fluoropolymer coating market in the forecast period. However, the rise in environmental regulations along with the growth of substitute coatings limits the growth of the market.

Market Trends

  • In June 2021, PITTSBURGH PPG completed its acquisition with Tikkurila which will help in leveraging the company’s complementary geographic footprint and strengthen the portfolio of decorative brands to drive the market growth.
  • In February 2021, PPG Industries Inc. has completed its acquisition with the VersaFlex, which is an aggregation of four U.S.-based protective coatings companies which is located in Kansas, Oklahoma and Washington. This acquisition will lead to develop and deliver the paints, coatings and materials to customers through dedication and creativity.
  • In September 2019, Axalta Coating Systems Ltd., a leading global manufacturer of liquid and powder coatings, had an acquisition with Capital Paints LLC, a UAE-based thermosetting powder coatings manufacturer specializing in architectural powder coatings. This will help to provide better support and technical services to local customers in the oil & gas and architectural segments and in expanding the footprints in the Middle East and North Africa.

Key Benefits of the Report

  • This study presents the analytical depiction of the fluoropolymer coating industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the fluoropolymer coating market share.
  • The current market is quantitatively analyzed to highlight the fluoropolymer coating market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed fluoropolymer coating market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the fluoropolymer coating Report

  • Who are the leading market players active in the fluoropolymer coating market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • Which Government regulations might challenge the status of key regional markets?
  • What are the key barriers to enter for the new players in the market?
  • What value proposition should businesses aim at while making new research and development funding?

Fluoropolymer Coating Market Report Highlights

Aspects Details
Fluoropolymer Coating Market By Type
By Type
  • Polytetrafluoroethylene (PTFE) Coating
  • Polyvinylidene Fluoride (PVDF) Coating
  • Fluoroethylene Propylene (FEP) Coating
  • Ethylene Tetrafluoro Ethylene (ETFE) Coating
  • Perfluoroalkoxy Alkanes (PFA) Coating
  • Others
Fluoropolymer Coating Market By End Use Industry
By End Use Industry
  • Food Processing
  • Electrical & Electronics
  • Chemical Processing
  • Building & Construction
  • Others
Fluoropolymer Coating Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players
Key Market Players

KCC Corporation, Kansai Paints Co. Ltd, Axalta Coating Systems Ltd., The Sherwin-Williams Company, PPG Industries Inc., Company 10, The Chemours Company, Company 9, Walter Wurdack Inc, Daikin Industries Ltd

Key Market Players

Others

Fluoropolymer Coating Market

Global Opportunity Analysis and Industry Forecast, 2021-2030