Flouropolymer Coating Market - Industry Trends and Forecast 2023 by Whitford Corporation, Daikin Industries, Akzo Nobel N.V., E. I. du Pont de Nemours and Company, PPG Industries, BASF SE, TIGER Drylac U.S.A. and Toefco Engineered Coating Systems

Industry/ Innovation/Related News:

July 28, 2018 – Daikin Industries, Ltd. (Japan) announced its plans to test the US market for a new type of fluoropolymer. If the US market warms up to the resin, Daikin plans to proceed with a US$200 Mn. expansion at its plant in Decatur, Atlanta. However, a 25% import tariff that the US is planning to impose on fluoropolymers and other products from China threatens Daikin’s plan.

February 08, 2018 – Precision Coating Co., Inc. (PCCI – US), a leading global specialty anodic coating and printing expert presented its medical device fluoropolymer applicator at the Medical Design and Manufacturing (MD&M) West Conference and Expo 2018. The company engineers innovative surface modification solutions to enhance the value and performance of medical wire, devices, and instruments.

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Global Flouropolymer Coating Market – Competitive Analysis

Flouropolymer Coating Market appears highly competitive. This competition will further get intensified with the high investments estimated to transpire during the forecast period. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players in the market.

Flouropolymer Coating Market – Regional Analysis

Globally, Asia Pacific accounts for one of the promising markets for Flouropolymer Coating followed by North America and Europe region respectively. The APAC region is estimated to register the highest CAGR during the review period owing to some of the burgeoning industries such as oil & gas, food processing due to the extensive use of the coating to protect machinery in these industries.

The ensuing increase in foreign investments and a rise in the number of new manufacturing establishments will contribute to the market growth in APAC. Also, widened uptake of PTFE coat for cookware products along with the growing activities of crude oil processing and petroleum refineries especially, in India and China are some of the forces driving the market growth.

Flouropolymer coating market in the Asia Pacific is predicted to grow with the moderate CAGR over the assessment period due to the burgeoning automotive sector in various developing nations of APAC such as India, China, Japan, Malaysia, and Thailand. Additional factors such as the growing GDP, rapid industrialization, growing production and industrial bases, increased demand to save energy and reduce greenhouse emissions are substantiating the market growth in the region, augmenting the demand for Flouropolymer Coating.

Attributing to the expanding aviation industry in the region, the North America Flouropolymer Coating Market is expected to grow with the highest CAGR during the review period, 2017 to 2023. The market in the US, Canada, and Mexico enjoy augmented demand due to the high adoption rate of the product by the petrochemical producers. Additional factors substantiating the market growth include the presence of large oil & gas reserves in this region, increasing production capacities and high consumption potential. The US, backed by the growth in the production of crude oil is expected to account for the major contributor to the growth of the regional market.

The Europe Flouropolymer Coating market is another promising space on the global level. The market is witnessing huge demand for Flouropolymer coating especially due to the growing demand from the countries such as Germany, Italy, Spain, France, the U.K, and Russia backed by the increased expenditure in innovation and growing purchasing power of consumers. Furthermore, the presence of major automobile manufacturers specifically in Germany is providing an enormous impetus to the market growth in the region.

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