Rising Demand from End Use Industries and Petro Refineries are projected to boost the growth of the Global Flouropolymer Coating Market

Pune, India, November 28, 2017, /MRFR Press Release/- Market Research Future Published a Half-Cooked Research Report on Global Flouropolymer Coating Market

Fluoropolymer Coating Market Size was valued at USD 1.9 Billion in 2022. The Fluoropolymer Coating market industry is projected to grow from USD 2.5 Billion in 2023 to USD 3.1 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2023 - 2030).

The fluorine particles have various properties such as high electronegativity and low polarizability. Subsequently, carbon-fluorine bonds have higher energy and are more affinity than C– H bonds. Additionally, the assimilation of fluorine substituents into organic compounds can influence their properties. Fluorinated polymeric materials display low surface energies, lubrication, non-wetting protecting properties, impermeability to gasses, and high protection from water, oils, volatile chemicals, corrosion, UV radiation, and chalking. These exceptional properties find its applications in diverse industries such as building & construction, oil & gas, automotive, aerospace, industrial, and food processing.

As per our analysis, some of the prominent market factors and trends identified in the Global Flouropolymer Market include rapid industrialization, rising demand for industrial machinery protection, and increasing expenditure on industrial production. Moreover, rising demand for Flouropolymer from oil & gas industry is predicted fuel the growth of the market over the assessment period. Polyvinylidene fluoride (PVDF) is a pure Thermoplastic Fluoropolymer. It is highly non-reactive, thus, it is ideal for oil & gas industry because as it resist attack from most of the solvents, acids and bases. Rising crude oil production across the globe is projected to drive the Flouropolymer Coating Market during the review period. Moreover, the use of Flouropolymer Coating has increased in number of industrial applications to protect machineries and equipment, which function in harsh environment. This, in turn, is expected to increase the demand for the product. Furthermore, increasing automobile production and sales along with rising consumption of lubricants is estimated to fuel the growth of the market.

Competitive Analysis:

Some of the prominent players in the Global Flouropolymer Protective Coating Market are Whitford Corporation (U.S.), Daikin Industries, Ltd. (Japan), Akzo Nobel N.V. (the Netherlands), E. I. du Pont de Nemours and Company (U.S.), PPG Industries, Inc. (U.S.), The Valspar Corporation (U.S.), The Becker Group, Ltd. (U.S.), BASF SE (Germany), TIGER Drylac U.S.A., Inc. (U.S.), and Toefco Engineered Coating Systems, Inc. (U.S.) among others.

Market Segmentation:

The Global Flouropolymer Protective Coating Market is segmented on the basis of type, end use, and region. Based on the type, the market is divided into polyvinylidene fluoride (PVDF), flouroethylene vinyl ether (FEVE), polytetra flouroethylene (PTFE), fluorinated ethylene propylene (FEP), ethylene tetraflouroethylene copolymer (ETFE), and polyvinyl fluoride (PVF). On the basis of the end use industry, the global flouropolymer coating market is segmented into aerospace, construction, automotive, oil & gas, food processing, cookware and others. On the basis of the rergion, the market is classified into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Regional Analysis:

The Global Flouropolymer Coating Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is predicted to grow at the highest CAGR on account of expanding industries such as oil & gas, and food processing and urge to protect machinery in these industries during the review period 2023 - 2030.

North American Flouropolymer Coating Market is predicted to witness a rapid growth due to growing demand for new vehicles in the US is leading the way and with a combination of an aged fleet, new models, and attractive financing.

Growing demand for Flouropolymer Coating due to increasing expenditure on product innovation and purchasing power of consumers is predicted to drive the growth of the various European countries such as Italy, Germany, Spain, the UK, France, and Russia. Moreover, presence of major automobile manufacturers, specifically, in Germany is expected to give a new impetus to the market growth. In the Middle East region, increasing demand for architectural Flouropolymer Coating is one of the key drivers of the Flouropolymer Coatings Market growth. Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness a substantial growth owing to increasing consumer spending on passenger cars as well as involvement of new technologies and inventions in Flouropolymer Coating.

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