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Fluoropolymer Coating Market Size, Current Trend, Competitive Landscape, Regional and Global Forecast to 2021 - 2027
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Market Overview
The global fluoropolymer coating market is growing on account of growing demand of high-performance coating from end-use industry and increasing awareness regarding the benefits of fluoropolymer coating among common consumers in the developing nations. For instance, nowadays people prefer to buy non-stick cookware which can be achieve using fluoropolymer coating. Further, over the years industrial production has been increasing on account of rising population couple with urbanization and people spending power, thereby increasing the consumption of coating products. In addition, rising construction industry both residential and non-residential couple has encouraged the construction companies to opt for better building solutions for exterior application. Fluoropolymer exhibits low surface energies, insulating properties, impermeability to gases, and high resistance to water, oils, chemicals, corrosion dirt pickups, UV radiation, chalking, among others. Owing to such properties, it becomes a highly durable protective coating in architectural application. According to American Coating Association, some type of fluoropolymer coating has been known to last upwards of 30 years with high color and gloss retention. However, high cost compared to acrylic and silicone-based coating is one of the reasons which somewhat provide hindrance in opting for fluoropolymer coating in architectural application.
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Global Fluoropolymer Coating market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By type, the market is primarily divided into:
• Polytetrafluoroethylene (PTFE)
• Fluorinated Ethylene Propylene (FEP)
• Ethylene Tetrafluoroethylene Copolymer (ETFE)
• Polyvinylfluroide (PVF)
• Polyvinylidene Fluoride (PVDF)
• Fluoroethylene Vinyl Ether (FEVE)
• Others
Among these, PTFE has accounted for significant share in the market and is expected to showcase robust growth during the forecast period. This can be attributed to its usage in wide range of industrial production like cookware, automobile, aerospace and defense components. Further, increasing development and installation of 5G networking equipment, demand of PTFE is growing as PTFE helps in achieving low latency, thus improving the network performance.
By end-user, the market is primarily divided into:
• Aerospace and Defense
• Industrial
• Automotive
• Food Processing
• Electrical & Electronics
• Building and Construction
• Others
Based on end-user, electrical & electronics is expected to showcase robust growth during the forecast period. In the light of COVID-19, people started working from remote location this has created surge for electronic devices, however industry falling short meeting the growing demand due to shortage of semiconductors. Therefore, in order build strong supply-demand bridge, industry has taken several steps like facility expansion. This in turn increase the production capacity manyfold in foreseeable future. For instance, in 2022, Intel Corporation has announced plans for an initial investment of more than $20 billion in the construction of two new chip factories in Ohio, US. Fluoropolymer coatings is used in semiconductor manufacturing for a range of purpose. Thus, with the growth in semiconductor production, demand of coating would also grow. In addition, large investment in the 5G deployment and advancement in technology, would also play a key role in the growing demand of fluoropolymer coating. Fluoropolymer resins and coatings ensure that communications equipment- from cell towers to distributed antenna systems to the cabling that connects them-achieve the speeds, capacity, and low latency that 5G protocol requires.
Global Fluoropolymer Coating Market Geographical Segmentation Includes:
• North America (United States, Canada, Rest of North America)
• Europe (Germany, UK, France, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Australia, Rest of APAC)
• Rest of World
Asia Pacific accounted for the prominent share in the global fluoropolymer coating market owing to large base of end-use industry including electrical & electronics, building and construction, cookware, industrial, and automotive. Further, large and growing population couple with rapid urbanization is supporting the industrial production in the region. Besides large demographic, improving per-capita income and disposable income is encouraging consumer to purchase high quality products, thereby increasing the demand fluoropolymer coating. Further, the region is expected to showcase robust growth during the foreseeable future as well due to semiconductor industry facility expansion in order to deal with growing demand. Government favorable policies to support the semiconductor industry is luring international companies to open their manufacturing facility in the regional country. For instance, Government of India, envisioned a comprehensive program for developing semiconductors and display manufacturing ecosystem in India with a budget of over USD 10.2 billion (INR 76,000 crore).
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• The Chemours Company
• PPG Industries Inc.
• Akzo Nobel N.V.
• Daikin Industries Ltd.
• BASF SE
• The Sherwin-Williams Company
• Tnemec Company Inc.
• Axalta Coating Systems Ltd.
• Kansai Nerolac Paints Limited
• KCC CORPORATION
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global Fluoropolymer Coating market. The major players have been analyzed by using research methodologies for getting insight views on market competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the global Fluoropolymer Coating market?
• Which factors are influencing the global Fluoropolymer Coating market over the forecast period?
• What are the global challenges, threats, and risks in the global Fluoropolymer Coating market?
• Which factors are propelling and restraining the global Fluoropolymer Coating market?
• What are the demanding global regions of the global Fluoropolymer Coating market?
• What will be the market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by the companies?
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UnivDatos Market Insights
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About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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