Global Fluoropolymer Coating Market
- POSTED ON Wednesday, March 27, 2019
Global Fluoropolymer Coating Market was valued at US$ 1340 Mn in 2017 and is expected to reach US$ 2181 Mn by 2026, at a CAGR of 6.27 % during a forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Fluoropolymer Coating market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focus on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies and regional presence. The report also provide PEST analysis, PORTER’s analysis, SWOT analysis to address question of shareholders to prioritizing the efforts and investment in near future to emerging segment in fluoropolymer coating market. Fluoropolymer coatings blend with fluoropolymer greases and resin binders that offer structures such as low coefficients of friction, excellent corrosion protection, and good chemical resistance. These coatings are established on tolerances, anticipated load, temperature, environment, and other significant elements. Various colors are accessible for aesthetics and acknowledgment purposes. Fluoropolymer coatings additionally offer various advantages such as electrical resistivity, abrasion resistance, low surface tension, low friction coefficient, anti-galling properties, and low dielectric constant. Fluoropolymer coatings are utilized for the purpose of improving wet ability, foam reduction, anti-chipping, and for the end goal of UV protection of the coating material. Fluorinated polymeric materials show low surface energies, lubes, non-wetting securing properties, impermeability to gasses, and high protection from water, oils, volatile chemicals, corrosion, UV radiation, and chalking. These exceptional properties discover their End uses in diverse industries for example building & construction, oil & gas, automotive, aerospace, industrial, and food processing. For the better development of performance of coatings, special additives are used such as engineered chemicals, resins or metal derivatives. Increasing demand for penetration in the processing industry, Increasing environmental regulations and Growing number of demand with expanding end-user industries are the major drivers of the Fluoropolymer coatings market. Based on type, the PVDF Coatings segment is anticipated to contribute major revenue share to the global market and is expected to maintain its dominance over the forecast period. PVDF coating systems are durable coating systems widely used for coating architectural aluminum surfaces as well as post-formed steel sheets (metal coils). PVDF coatings have 15% of the overall consumption of fluoropolymer coating. In terms of end-user, the building & construction segment accounts for highest share in terms of revenue in the global market. The building & construction industry is presently a thriving industry in several rising economies of the Asia-Pacific and South American region. Driven by regularly expanding population and quick urbanization, as well as the rise in purchasing power, investments in infrastructure are being planned. Fluoropolymer coatings are valuable for paints, sealants, and adhesives to add durability. They can expand the life-cycle of the exterior coatings, as well as the interval between recoats. This will lessen the costs of infrastructure management by minimizing maintenance costs and the number of recoats. Geographically, Asia Pacific is a develop market for fluorinated polymeric materials, followed by Europe and North America. The demand in the area is high owing to the presence and development of end-use End use for the product. Due to rising construction activities and with high adoption rate of various end-user industries, the demand for fluoropolymer coatings is expected to surge in various countries of Asia Pacific, such as India, Japan, South Korea. However, many big players are starting their manufacturing units in Asia-Pacific, due to availability of raw materials and cheap labor cost. Europe and North America are expected for steady growth over the forecast timeframe. The Scope of Global Fluoropolymer Coating Market:Global Fluoropolymer Coating Market, by Type:• PVDF (polyvinylidene fluoride) • PTFE (polytetrafluoroethylene) • FEP (fluorinated ethylene propylene) • ETFE (ethylene and tetra fluor ethylene) • Others Global Fluoropolymer Coating Market, by End use:• Food Processing • Chemical Processing • Electrical & Electronics • Building & Construction • Others Global Fluoropolymer Coating Market, by Region:• North America • Europe • Middle East & Africa • Asia Pacific • South America Key Players Operating In Global Fluoropolymer Coating Market:• BASF • Akzo Nobel NV. • PPG Industries Inc. • Daikin Industries Ltd. • Praxair Surface Technologies, Inc. • Tnemec Inc. • Axalta Coating Systems Ltd. • The Chemours Company • KCC Corporation • The Sherwin-Williams Company. • Kansai Paint Co. Ltd. • The Valspar corporation • Beckers group
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