Fluoropolymer Coatings Would Continue Growth Contribution Towards Efficient Life Systems
Bangalore, India: With its recently published study “Fluoropolymer Coatings Market: Drivers, Opportunities, Trends, & Forecasts: 2015–2022”, Infoholic forecasts that the global fluoropolymer coatings market will continue to witness high growth across geographies, owing to growth in the application industries and increasing penetration of fluoropolymer coatings in application markets. A large portion of fluoropolymer market future growth is expected to come from developing countries which already contribute a significant portion to the current market. Growing economies are enabling increased industrial expenditure for costlier and more effective fluoropolymer coatings, resulting in increasing market penetration for fluoropolymer market. Overall market for fluoropolymers are expected to grow at a CAGR of 6.2% during the forecast period 2016–2022 to reach $1.80 billion by 2022.
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Fluoropolymer coatings have high weathering and chemical resistivity even at a consistent high-temperature range of 200°C. This high endurance durability of fluoropolymer coatings helps various equipment and components to perform better under demanding conditions. Almost all the application segments for fluoropolymer coatings are expected to witness steady growth during the forecast period with construction segment depicting highest growth during the forecast period. The indirect environmental benefit of fluoropolymer coatings is also helping the market growth even in developed countries.
Asia Pacific region has been a leader in global demand for fluoropolymer coatings market with leading markets of China and Japan, being followed by South Korea and Indian markets. North America is currently the second largest market for fluoropolymers coatings with a major contribution from the US market with Europe following closely. Asia Pacific region is expected to extend its global leadership with higher demand growth expectations from its leading developing countries.
“We all are being benefitted by fluoropolymers market growth either directly or indirectly. On one side where fluoropolymers save components from wear & tear in industrial machinery and automotive, other side they make planes’ electric circuit fire protected. In food industry, while these coatings make molds and trays non-sticky making them easy to clean and increasing efficiency, these are also utilized in electronic components insulation reducing weight and increasing mechanical protection. Holistic demand growth from both developing and developed economies shall contribute towards fluoropolymers market growth during the next 5 years.” –Ankur Kalra, Research Manager, Chemicals and Materials.
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Key insights of the report
- Global fluoropolymers coating market has been analyzed based on types
- Polytetrafluoroethylene (PTFE) Coating
- Polyvinylidene Fluoride (PVDF) Coating
- Fluoroethylene Propylene (FEP) Coating
- Ethylene Tetrafluoro Ethylene (ETFE) Coating
- Perfluoroalkoxy Alkanes (PFA) Coating
- Global fluoropolymers coating market has been analyzed based on application areas
- Electronics & Electrical
- Food Processing
- Chemical Manufacturing
- Others (such as automotive and medical)
- Global fluoropolymers coating market has also been analyzed based on geography
- Asia Pacific
- North America
- Rest of the World
- Industry outlook: market trends and drivers, restraints, and opportunities