The global fluoropolymer coating market accounted for USD 1522.13 Million in 2020 and is expected to reach USD 2381.1 Million by 2028, growing at a CAGR of 6.4% from 2021 to 2028.
Market Overview
The global fluoropolymer coating market accounted for USD 1522.13 Million in 2020 and is expected to reach USD 2381.1 Million by 2028, growing at a CAGR of 6.4% from 2021 to 2028.
Fluoropolymer is a chemical compound that contains strong carbon fluoride bonds. Fluoropolymer is famous by various other names such as Teflon, Algoflon, Excalibur, Solef, Fluon, and Xylan. Fluoropolymer Coatings are special kind of coatings which are applied onto the products so as to protect them from friction and provide them better lifespan. The coating is in high demand in industry due to various properties such as non-sticky nature, ability to withstand high temperatures and are insulators. They also do not absorb water. So, due to these attributable properties, fluoropolymers are used extensively in aviation, electronics, automotive industry, and various other industries.
COVID-19 Impact Analysis
The outbreak of COVID-19 negatively impacted the global fluoropolymer coating market. During the COVID there was prior demand of essential items such as food, health necessities and equipment. Lockdown has disrupted the supply chain, manufacturing, distribution and consumption of these coatings across various industries. Covid led to shutdown of various assembly plants in China for automotive industry. For instance, Hyundai has one of the largest automotive plant in South Korea which had production potential of 1.4 million units, has been shutdown due to the shortage of spare automotive parts and widespread of covid in China and South Korea. And to add to this, various leading European Automobile giants such as BMW, Renault had to shut down manufacturing plants in Europe due to sudden surge of virus across European continent.
Growth Factors
Increased usage of High-Performance Coatings and requisite from the Energy sector are the main growth factors. Advancement in industries such as electronics, aviation and others is the driving force for the growth of fluoropolymer coatings. Industries such as aviation, food processing, chemical, construction extensively make use of the fluoropolymer coatings because of its wide-ranging features. Due to its anti-corrosion and water repulsion feature, electrical and electronics industry use this coating frequently. It has non-sticky, durable, and a long expectancy of around 30 years make its variable use in the cookware industry. Fluoropolymer coating has the property to withstand extremely low and high temperatures, along with good load bearing and anti-corrosion properties make it suitable for use in the valves, connectors and fasteners. So, these factors tend to increase demand for fluoropolymer coatings in the forecast period.
Report Scope :
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Resin Segment Analysis Preview
Polytetrafluoroethylene also know as PTFE coatings are largest consumed fluoropolymer coating of all. PTFE due to its low friction coefficient, wear and abrasion resistance, tensile strength and flame retarding properties makes it the best of its kind. Polyvinylidene Fluoride or PVDR resin are the second most used resin. Fluorinated Ethylene Propylene, Ethylene Tetrafluoroethylene, Perfluoroalkoxy Alkanes, Polyvinyl Fluoride, and others form the resin type segment.
Application Segment Analysis Preview
Fluoropolymer coatings are used mostly in the Building and Construction Industry due to high demand of anti-corrosion, water repellent material and fluoropolymer coating meet to that expectancy. They are also used for industrial applications for coating on elements like brass, concrete, stainless steel, glass, rubber, ceramics in order to offer protection against environmental, mechanical, and mechanical degradation. Chemical Processing, Automotive, Food Processing, Aviation and Aerospace, Electrical, Cookware, and other form the application type segment.
Regional Analysis Preview
Asia Pacific accounted for a share of 49% in 2020. Asia Pacific is projected to have highest CAGR growth of 7.9% during the forecast period. This is attributable to the presence of China which has the world’s largest automotive and electronics component manufacturing industries. Proliferated increase in demand of vehicles and electronics components cross China and across the globe made this coating increase its usage in the region. China is extensively making use of these coatings in airports, railways, and basic infrastructure such as bridges, roads, canals etc. which is making it the leader.
North America is projected to grow at a CAGR of over 5.6% during the forecast period. This is attributable to the presence of USA which itself accounts for the largest share of about 75% of the North American market. USA being the second largest producer of automobile across the globe has led to increased consumption of fluoropolymer coating. The investment in defense, architecture, and electronics is most like to impact the fluoropolymer coating.
Key Market Players & Competitive Landscape
Some of key players fluoropolymer coating market are Daikin Industries Limited, The Chemours Company, Solvay S.A, The 3M Company, AGC Inc., Kureha Corporation, Arkema SA, Dongyue Group Co., Ltd., among others
These conglomerates are working towards the advancements in Fluoropolymer coating, collaborations, newer product development, mergers and acquisitions, joint ventures, and collaborations. Companies have adopted various organic and non-organic growth strategies so as to strengthen their position in market.
By Resin Type
By Application Type
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Resin
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Fluoropolymer Coatings Market Revenue, 2020 – 2028 (USD)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Resin, 2020 & 2028
FIG NO. 7. Global Fluoropolymer Coatings Market for Polytetrafluoroethylene, Revenue (USD) 2020 – 2028
FIG NO. 8. Comparative Revenue Analysis of Fluoropolymer Coatings Market for Polytetrafluoroethylene, By Country, 2020 & 2028
FIG NO. 9. Global Fluoropolymer Coatings Market for Polyvinylidene Fluoride, Revenue (USD) 2020 – 2028
FIG NO. 10. Comparative Revenue Analysis of Fluoropolymer Coatings Market for Polyvinylidene Fluoride, By Country, 2020 & 2028
FIG NO. 11. Global Fluoropolymer Coatings Market for Fluorinated Ethylene Propylene, Revenue (USD) 2020 – 2028
FIG NO. 12. Comparative Revenue Analysis of Fluoropolymer Coatings Market for Fluorinated Ethylene Propylene, By Country, 2020 & 2028
FIG NO. 13. Global Fluoropolymer Coatings Market for Ethylene Tetrafluoroethylene, Revenue (USD) 2020 – 2028
FIG NO. 14. Comparative Revenue Analysis of Fluoropolymer Coatings Market for Ethylene Tetrafluoroethylene, By Country, 2020 & 2028
FIG NO. 15. Global Fluoropolymer Coatings Market for Perfluoroalkoxy Alkanes, Revenue (USD) 2020 – 2028
FIG NO. 16. Comparative Revenue Analysis of Fluoropolymer Coatings Market for Perfluoroalkoxy Alkanes, By Country, 2020 & 2028
FIG NO. 17. Global Fluoropolymer Coatings Market for Polyvinyl Fluoride, Revenue (USD) 2020 – 2028
FIG NO. 18. Comparative Revenue Analysis of Fluoropolymer Coatings Market for Polyvinyl Fluoride, By Country, 2020 & 2028
FIG NO. 19. Global Fluoropolymer Coatings Market for Others, Revenue (USD) 2020 – 2028
FIG NO. 20. Comparative Revenue Analysis of Fluoropolymer Coatings Market for Others, By Country, 2020 & 2028
FIG NO. 21. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 22. Global Fluoropolymer Coatings Market for Chemical Processing, Revenue (USD) 2020 – 2028
FIG NO. 23. Comparative Revenue Analysis of Fluoropolymer Coatings Market for Chemical Processing, By Country, 2020 & 2028
FIG NO. 24. Global Fluoropolymer Coatings Market for Building and Construction, Revenue (USD) 2020 – 2028
FIG NO. 25. Comparative Revenue Analysis of Fluoropolymer Coatings Market for Building and Construction, By Country, 2020 & 2028
FIG NO. 26. Global Fluoropolymer Coatings Market for Automotive, Revenue (USD) 2020 – 2028
FIG NO. 27. Comparative Revenue Analysis of Fluoropolymer Coatings Market for Automotive, By Country, 2020 & 2028
FIG NO. 28. Global Fluoropolymer Coatings Market for Food Processing, Revenue (USD) 2020 – 2028
FIG NO. 29. Comparative Revenue Analysis of Fluoropolymer Coatings Market for Food Processing, By Country, 2020 & 2028
FIG NO. 30. Global Fluoropolymer Coatings Market for Aviation and Aerospace, Revenue (USD) 2020 – 2028
FIG NO. 31. Comparative Revenue Analysis of Fluoropolymer Coatings Market for Aviation and Aerospace, By Country, 2020 & 2028
FIG NO. 32. Global Fluoropolymer Coatings Market for Electrical, Revenue (USD) 2020 – 2028
FIG NO. 33. Comparative Revenue Analysis of Fluoropolymer Coatings Market for Electrical, By Country, 2020 & 2028
FIG NO. 34. Global Fluoropolymer Coatings Market for Cookware, Revenue (USD) 2020 – 2028
FIG NO. 35. Comparative Revenue Analysis of Fluoropolymer Coatings Market for Cookware, By Country, 2020 & 2028
FIG NO. 36. Global Fluoropolymer Coatings Market for Others, Revenue (USD) 2020 – 2028
FIG NO. 37. Comparative Revenue Analysis of Fluoropolymer Coatings Market for Others, By Country, 2020 & 2028
FIG NO. 38. Global Fluoropolymer Coatings Market Revenue Share, By Region, 2020 & 2028
FIG NO. 39. North America Fluoropolymer Coatings Market Revenue, 2020 - 2028 (USD)
FIG NO. 40. Porter’s Five Forces Analysis for Global Fluoropolymer Coatings Market
FIG NO. 41. PEST Analysis for Global Fluoropolymer Coatings Market
FIG NO. 42. Pricing Analysis for Global Fluoropolymer Coatings Market
FIG NO. 43. Value Chain Analysis for Global Fluoropolymer Coatings Market
FIG NO. 44. Company Share Analysis, 2019
FIG NO. 45. Radar Determinant Chart, 2019
FIG NO. 46. Company Strategic Developments – Heat Map Analysis
FIG NO. 47. Daikin Industries Limited Business Segment Revenue Share, 2020 (%)
FIG NO. 48. Daikin Industries Limited Geographical Segment Revenue Share, 2020 (%)
FIG NO. 49. Market Channels
FIG NO. 50. Marketing Channel Development Trend
FIG NO. 51. Growth in World Gross Product, 2008-2018
FIG NO. 52. Research Methodology – Detailed View
FIG NO. 53. Research Methodology
List of Figures
TABLE NO. 1. Global Fluoropolymer Coatings Market: Snapshot
TABLE NO. 2. Quarterly Fluoropolymer Coatings Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Fluoropolymer Coatings Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD)
TABLE NO. 6. Global Fluoropolymer Coatings Market for Polytetrafluoroethylene, by Region, 2020 – 2028 (USD)
TABLE NO. 7. Global Fluoropolymer Coatings Market for Polyvinylidene Fluoride, by Region, 2020 – 2028 (USD)
TABLE NO. 8. Global Fluoropolymer Coatings Market for Fluorinated Ethylene Propylene, by Region, 2020 – 2028 (USD)
TABLE NO. 9. Global Fluoropolymer Coatings Market for Ethylene Tetrafluoroethylene, by Region, 2020 – 2028 (USD)
TABLE NO. 10. Global Fluoropolymer Coatings Market for Perfluoroalkoxy Alkanes, by Region, 2020 – 2028 (USD)
TABLE NO. 11. Global Fluoropolymer Coatings Market for Polyvinyl Fluoride, by Region, 2020 – 2028 (USD)
TABLE NO. 12. Global Fluoropolymer Coatings Market for Others, by Region, 2020 – 2028 (USD)
TABLE NO. 13. Global Fluoropolymer Coatings Market for Chemical Processing, by Region, 2020 – 2028 (USD)
TABLE NO. 14. Global Fluoropolymer Coatings Market for Building and Construction, by Region, 2020 – 2028 (USD)
TABLE NO. 15. Global Fluoropolymer Coatings Market for Automotive, by Region, 2020 – 2028 (USD)
TABLE NO. 16. Global Fluoropolymer Coatings Market for Food Processing, by Region, 2020 – 2028 (USD)
TABLE NO. 17. Global Fluoropolymer Coatings Market for Aviation and Aerospace, by Region, 2020 – 2028 (USD)
TABLE NO. 18. Global Fluoropolymer Coatings Market for Electrical, by Region, 2020 – 2028 (USD)
TABLE NO. 19. Global Fluoropolymer Coatings Market for Cookware, by Region, 2020 – 2028 (USD)
TABLE NO. 20. Global Fluoropolymer Coatings Market for Others, by Region, 2020 – 2028 (USD)
TABLE NO. 21. Global Fluoropolymer Coatings Market Revenue, By Region, 2020 – 2028 (USD)
TABLE NO. 22. North America Fluoropolymer Coatings Market Revenue, By Country, 2020 – 2028 (USD)
TABLE NO. 23. North America Fluoropolymer Coatings Market Revenue, By Resin, 2020 – 2028 (USD)
TABLE NO. 24. North America Fluoropolymer Coatings Market Revenue, By Application, 2020 – 2028 (USD)
TABLE NO. 25. U.S. Fluoropolymer Coatings Market Revenue, By Resin, 2020 – 2028 (USD)
TABLE NO. 26. U.S. Fluoropolymer Coatings Market Revenue, By Application, 2020 – 2028 (USD)
TABLE NO. 27. Canada Fluoropolymer Coatings Market Revenue, By Resin, 2020 – 2028 (USD)
TABLE NO. 28. Canada Fluoropolymer Coatings Market Revenue, By Application, 2020 – 2028 (USD)
TABLE NO. 29. Mexico Fluoropolymer Coatings Market Revenue, By Resin, 2020 – 2028 (USD)
TABLE NO. 30. Mexico Fluoropolymer Coatings Market Revenue, By Application, 2020 – 2028 (USD)
TABLE NO. 31. Drivers for the Fluoropolymer Coatings Market: Impact Analysis
TABLE NO. 32. Restraints for the Fluoropolymer Coatings Market: Impact Analysis
TABLE NO. 33. Major Buyers of Fluoropolymer Coatings
TABLE NO. 34. Distributors/Traders List of Fluoropolymer Coatings
TABLE NO. 35. Global Fluoropolymer Coatings Market, Company Market Revenue, 2016 – 2019 (USD)
TABLE NO. 36. Global Fluoropolymer Coatings Market, Company Y-o-Y Growth, 2017 – 2019 (USD)
Request the coronavirus impact analysis across industries and markets
The global fluoropolymer coating market was valued at 1522.13 Million in 2020.
The global fluoropolymer coating market is expected to reach USD 2381.1 Million by 2028, growing at a CAGR of 6.4% between 2021 to 2028.
Some of the key factors driving the global fluoropolymer coating market growth are increased usage of high-performance coatings across various industries such as aviation, electronics, energy, defense, construction, and many more.
Asia Pacific region held a substantial share of the fluoropolymer coating market in 2020. This is due to huge investment of Chinese Government in sectors such as automobile, defense which makes China world leader in automobile and electronics manufacturing.
Zion Market Research
Tel: +1 (844) 845-5245
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No 020-46277770
US OFFICE NO +1 (844) 845-5245
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed