The increasing demand from the architecture, automobile, industrial, and wood & furniture industries is expected to provide opportunities for the fluoropolymers coatings market growth
The global fluoropolymer coating market is estimated to reach around USD 2.1 billion in terms of value by 2028, rising by more than 6.1% CAGR. Increased demand for fluoropolymers such as acrylic, which can lead to the growth of fluoropolymers coatings, contribute to the global growth for fluoropolymers. In terms of their chemical compositions and functions, coating coatings can differ greatly. The only common factors for the different additive groups are that they are primarily used in small quantities and are the purpose of incorporating them.
Fluoroplastics is being used by pharmaceutical industry to replace conventional stainless steel or glass with reaction tubes, stirrers and other parts. In certain cases, traditional chlorinated or hydrocarbon plastics have been substituted by inert, non-stick and non-corrosive PTFE, PFA, FEP and ETFE polymers to have a better outcome and purity. Films and laminates are almost exclusively used for PVF and the commonly used protective and decorative coating fluoropolymer. It can be laminated on wood, paper, plastic, rubber or metals and used as a release sheet for the mounting of bags for the pipe lining, duct liners, interior aircraft, cargo and trailer faces.
The report also outlines the various characteristics of the global fluoropolymers coatings industry by assessing the market from value chain analysis. Moreover, the fluoropolymers coatings market report comprises various qualitative parts of the fluoropolymers coatings industry in market restraints, essential industry drivers, and opportunities.
The fluoropolymers coatings market has solid competition amongst the already well-known and new market players. The industry players in the coatings industry are pursuing important markets to grasp a competitive lead amongst the key players along with mid-size companies by forming alliance, making mergers and acquisitions, agreements, along with acquiring other companies. Also, new startups and partnerships with strategic innovations and investments.
The global fluoropolymer coating market by resin type is divided into polyvinyl fluoride polytetrafluoroethylene, fluorinated ethylene propylene, ethylene tetrafluoroethylene, perfluoroalkoxy alkanes, and others.
Due to its broad application in various terminal industries, the polyvinyl fluoride industry is the leading group. The section of end-use industry is divided into the sectors of construction, automotive, aerospace, oil, food and other industries. With a share of over 20.1 %, the building and manufacturing segment dominates the global fluoropolymer coating industry.
The demand for fluoropolymer coating in North America is projected to be the largest one, rising significantly above a CAGR of 5.0% due to the region 's expansion of production and consumption. In terms of volume consumption, the US is the leading region, as it is one of the largest markets for electronic devices, aircraft and automotive.
Asia-Pacific fluoropolymer coating is the fastest growing regional revenue segment, and rising construction work has affected fluoropolymer coating applications in metals used in roofs. It provides meteorological capability, durability and UV-resistance to building materials, and is ideal for the construction industry.
As fluoropolymer coatings are becoming more common in the food processing and electronic devices, the European market is expected to expand at an extraordinary rate. As public and privacy expenditure for construction is on the rise and the market for fluoropolymer coverings in the Middle East, Africa and Latin America is steadily increasing.
Segment Overview of Global Fluoropolymer Coating Market
Key Segments of the Global Fluoropolymer Coating Market
Resin Overview, 2018-2028 (USD Million) (Kilo Tons)
- Polyvinyl Fluoride (PVF)
- Polytetrafluoroethylene (PTFE)
- Fluorinated Ethylene Propylene (FEP)
- Ethylene Tetrafluoroethylene (ETFE)
- Perfluoroalkoxy Alkanes (PFA)
End-user Overview, 2018-2028 (USD Million) (Kilo Tons)
- Building and Construction
- Food Processing
Regional Overview, 2018-2028 (USD Million) (Kilo Tons)
- Rest of Europ
- Rest of Asia-Pacifi
Middle East and Africa
- South Africa
- Rest of Middle East and Afric
Rest of South America