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Fluoropolymer Coatings Market - Segmented by Resin Type (PTFE, PVDF, FEP, ETFE, PFA, PVF, FEVE), Application Sector (Industrial, Building & Construction, Automotive, Food Processing, etc.), and Geography - Growth, Trends, and Forecast (2018 - 2023)

Fluoropolymer Coatings Market - Segmented by Resin Type (PTFE, PVDF, FEP, ETFE, PFA, PVF, FEVE), Application Sector (Industrial, Building & Construction, Automotive, Food Processing, etc.), and Geography - Growth, Trends, and Forecast (2018 - 2023)

Fluoropolymer Coatings Market

The fluoroplolymer coatings market is estimated to witness a moderate growth during the forecast period, 2018-2023. Asia-Pacific is expected to witness strong demand for fluoroplolymer coatings, fuelled by increasing investments in the region and the thriving building & construction industry. These coatings produce a smooth, hard, slick coating and provide excellent corrosion and chemical resistance. Other benefits of fluoropolymer coatings include reduced friction, resistance to galling, nonstick, non-wetting, electrical resistance, and abrasion resistance.

Increasing Demand due to Expanding Applications in Multiple Industries

Fluoropolymer coatings are in high demand for use in a number of industries, because they possess some very desirable qualities. Fluoropolymers have excellent non-stick properties, reduce friction, resist corrosion, and withstand very high temperatures. Fluoropolymers do not conduct electricity and do not absorb water. This combination of factors can increase the life-cycle of the exterior coatings, as well as the interval between recoats, reducing the costs by minimizing the number of recoats and hence, making them ideal for use in building & construction, electronics, automotive, food processing, and aerospace. New uses and applications for fluoropolymers are being developed constantly, and as a result, the demand continues to grow.

Building & Construction - Fastest Growing Application Sector

The building & construction industry is currently a thriving industry in several emerging economies of the Asia-Pacific and South American region. Driven by ever-increasing population and rapid urbanization, as well as the rise in purchasing power, investments in infrastructure are being planned. Fluoropolymer coatings are useful for paints, sealants, and adhesives to add durability. They can increase the life-cycle of the exterior coatings, as well as the interval between recoats. This will reduce the costs of infrastructure management by minimizing maintenance costs and the number of recoats.

Asia-Pacific to Witness Strong Demand in Fluoropolymer Coatings Market

Asia-Pacific is estimated to witness tremendous growth over the assessment period in fluoropolymers market, due to the wide usage of fluoropolymer coatings in numerous end-use application segments. Asia-Pacific is the biggest market, followed by Europe and North America. China is the biggest market and a cheap manufacturer of PTFE. The demand for fluoropolymer coating is expected to surge in various other countries of Asia Pacific, such as India, Japan, and South Korea, due to rising construction activities, along with high adoption rate from various end-use industries. Moreover, many big global players are shifting their manufacturing units to Asia-Pacific, due to availability of raw materials and cheap labor costs. Hence, fluoropolymer coatings are going to have a huge market base, as companies invest in infrastructure and manufacturing hubs for various industries, ranging from automotive, and electronics, etc.

Key Developments in the Market

- February 2017- Carbodeon Ltd Oy started research on nano-diamond enhanced fluoropolymer coatings, with improved wear and friction properties. Carbodeon’s market focus is on industrial application of nano-diamond materials in metal finishing, polymer/fluoropolymer coating, and polymer thermal conductivity applications.
- January 2017- Honeywell recently introduced a new fluoropolymer as an alternative to poly-fluoroethylene vinyl ether (FEVE) resins. The new product offers chemical resistance and low viscosity, allowing coating formulators to use less organic compounds, leading to lower VOC values.
- October 2015- PPG Industries’ coil and building products-exterior coatings group launched a full line of DURANAR fluoropolymer coatings. DURANAR coating is formulated with Arkema’s Kynar 500 FSF (fluorosurfactant-free) polyvinylidene fluoride (PVDF) resin, in combination with proprietary PPG resins, pigments, and solvents.

Major Players -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.

Reasons to Purchase the Report

- An understanding of the current market dynamics and growth opportunities.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- To understand the dominating application in the fluoropolymer coatings market.
- Region and countries expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares, and strategies employed by the major market players.
- 3 months analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Report

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1. Introduction
1.1 Scope of the Report
1.2 Market Definition
1.3 Study Assumptions
1.4 Study Deliverables
1.5 Research Phases
2. Executive Summary
3. Fluoropolymer Coatings Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Intensity of Competitive Rivalry
3.3 Price Analysis
4. Market Dynamics
4.1 Fluoropolymer Coatings Market Drivers
4.1.1 Increasing Demand from the Asia-Pacific Region
4.1.2 Resistance against Corrosion, Abraision, and Wear, while Maintaining Nonstick and High-purity Characteristics of Applied Equipment
4.1.3 Other Drivers
4.2 Fluoropolymer Coatings Market Restraints
4.2.1 Strict Environmental Policies and Regulations
4.2.2 Other Restraints
4.3 Fluoropolymer Coatings Market Opportunities
4.3.1 Thriving Building & Construction Industry in Emerging Economies
4.3.2 Other Opportunities
5. Market Segmentation and Analysis (Market Size, Share, and Forecast)
5.1 Fluoropolymer Coatings Market By Resin Type
5.1.1 Polytetrafluoroethylene (PTFE)
5.1.2 Polyvinylidene Fluoride (PVDF)
5.1.3 Fluorinated ethylene propylene (FEP)
5.1.4 Ethylene Tetrafluoroethylene (ETFE)
5.1.5 Perfluoroalkoxy Alkanes (PFA)
5.1.6 Polyvinyl Fluoride (PVF)
5.1.7 Other Resin Types
5.2 Fluoropolymer Coatings Market By Application Sector
5.2.1 Industrial
5.2.2 Building & Construction
5.2.3 Automotive
5.2.4 Food Processing
5.2.5 Aviation & Aerospace
5.2.6 Electrical
5.2.7 Cookware
5.2.8 Others (Medical, Packaging, etc.)
6. Regional Market Analysis (Market Size, Share, and Forecast)
6.1 Asia-Pacific Fluoropolymer Coatings Market
6.1.1 China Fluoropolymer Coatings Market
6.1.2 India Fluoropolymer Coatings Market
6.1.3 Japan Fluoropolymer Coatings Market
6.1.4 Australia Fluoropolymer Coatings Market
6.1.5 Rest of Asia-Pacific
6.2 North America Fluoropolymer Coatings Market
6.2.1 United States Fluoropolymer Coatings Market
6.2.2 Canada Fluoropolymer Coatings Market
6.2.3 Mexico Fluoropolymer Coatings Market
6.3 Europe Fluoropolymer Coatings Market
6.3.1 Germany Fluoropolymer Coatings Market
6.3.2 United Kingdom Fluoropolymer Coatings Market
6.3.3 Netherlands Fluoropolymer Coatings Market
6.3.4 France Fluoropolymer Coatings Market
6.3.5 Rest of Europe
6.4 South America Fluoropolymer Coatings Market
6.4.1 Brazil Fluoropolymer Coatings Market
6.4.2 Argentina Fluoropolymer Coatings Market
6.4.3 Rest of South America
6.5 Middle East & Africa Fluoropolymer Coatings Market
6.5.1 Saudi Arabia Fluoropolymer Coatings Market
6.5.2 UAE Fluoropolymer Coatings Market
6.5.3 Rest of Middle East & Africa
7. Fluoropolymer Coatings Market Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Fluoropolymer Coatings Market Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
8.1 AkzoNobel NV
8.2 Daikin Industries Ltd
8.3 PPG Industries Inc.
8.4 Praxair Surface Technologies Inc.
8.5 Tnemec Inc.
8.6 Axalta Coating Systems Ltd
8.7 Walter Wurdack Inc.
8.8 The Chemours Company
8.9 The Sherwin-Williams Company
8.10 Whitford Corporation
8.11 KCC Corporation
8.12 Kansai Paint Co. Ltd.
*List not Exhaustive
9. Disclaimer
**Subject to availability on public domain

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