Fluoropolymers are fluorine and carbon-based polymers wherein the presence of highly negative fluorine changes chemical and physical properties of carbon polymers and these properties vary with the number of fluorine atoms attached at various locations. The accidental discovery of Teflon coating by Dupont hired Mr. Plunkett in 1938 introduced our world to exceptional properties of fluoropolymers. Since then number of other fluoropolymers have been discovered and utilized for coating surfaces in many industries for their high temperature enduring, non-sticky and high weathering properties.
This study is aimed at understanding of global fluoropolymer coating market with an in-depth analysis of market size information and market trends along with the factors and parameters impacting it in both short and long term. The study also understands and covers the competitive scenario of the market with respect to major players with their branding strategies and differentiating factors among others. The study also covers supply and regulatory aspects to ensure a 360° view, bringing out the complete key insights of the industry.
Asia Pacific region contributes the largest market share for fluoropolymer coatings market, which is followed by North America and Europe. The ability to maintain properties even at consistent higher temperature has opened many application markets for fluoropolymers coating including industrial machinery coating. A certain degree of bioaccumulation concerns has resulted in the cautious handling of fluoropolymers and relatively stringent policies. However, the overall market is expected to witness continuous growth owing to increasing penetration providing more effective coatings with relatively higher product life. According to Infoholic Research, the global fluoropolymers coating market is expected to grow at a CAGR of 6.2% during the forecast period to reach $1.8 billion by 2022. Some of the prominent players in the global fluoropolymers coating market are Akzonobel N.V., E.I. DuPont, Daikin Industries Ltd., PPG Industries, Inc. and Solvay.
- Polytetrafluoroethylene (PTFE) Coating
- Polyvinylidene Fluoride (PVDF) Coating
- Fluoroethylene Propylene (FEP) Coating
- Ethylene Tetrafluoro Ethylene (ETFE) Coating
- Perfluoroalkoxy Alkanes (PFA) Coating
- Electronics & Electrical
- Food Processing
- Chemical Manufacturing
- Others (such as automotive and medical)
- Asia Pacific
- North America
- Rest of the World
- Industry outlook: market trends and drivers, restraints, and opportunities