Fluoropolymer coatings are a type of coating that is based on fluoropolymers, which are a class of synthetic materials containing fluorine atoms. These coatings are known for their exceptional chemical resistance, nonstick properties, and high-temperature resistance. Fluoropolymer coatings are widely used in various industries for their unique properties and applications. Fluoropolymer coatings are applied through various methods, including spray, dip, or electrostatic deposition. The coating thickness can vary depending on the application and desired properties. These coatings typically exhibit excellent adhesion to various substrates, including metals, plastics, and glass. The significant use of fluoropolymer coating in several industrial sectors is the factor that has led the market to develop faster. Due to its numerous benefits, including foam reduction, improved wettability, anti-chipping, dispersion, and UV protection of the coating material, its use has increased across a variety of sectors. Construction sector growth and expanding penetration in the metals, paints, building, and bedding & furniture industries. Additionally, rising demand for bakeries and ready-to-eat meals, as well as changing consumer preferences and an increase in the working population, all contribute to the market's expansion.
However, the growing construction industry has played a pivotal role in supporting the growth of the Fluoropolymer Coatings Market. As the construction sector continues to expand, there is a substantial increase in the demand for high-performance coatings that provide durability, weather resistance, and protection against corrosion for various architectural and structural components. Thus, the growing construction industry is anticipated to create the demand for market. According to Statista, in 2021, the global construction market was valued at USD 7.3 trillion and it is anticipated to reach USD 11.8 trillion by 2027. Additionally, growing shift towards environmentally-friendly products is anticipated to create lucrative opportunities for the market during forecast period. However, the availability of substitute coatings stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Fluoropolymer Coatings Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to presence of key market players, and growing construction market in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising usage of high-performance coatings, growing demand from the growing wind energy sector, and rise in demand in construction sector are anticipated to support the market growth.
Major market players included in this report are:
- Kansai Paints Co. Ltd
- PPG Industries Inc.
- Axalta Coating Systems Ltd.
- Walter Wurdack Inc
- The Chemours Company
- KCC Corporation
- The Sherwin-Williams Company
- Daikin Industries Ltd
- KECO Coatings
- HVM Surface Engineering
Recent Developments in the Market:
- In June 2021, PITTSBURGH PPG completed its acquisition with Tikkurila which will help in leveraging the company's complementary geographic footprint and strengthen the portfolio of decorative brands to drive market growth.
Global Fluoropolymer Coatings Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, End-Use Industry, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
- Polytetrafluoroethylene (PTFE) Coating
- Polyvinylidene Fluoride (PVDF) Coating
- Fluoroethylene Propylene (FEP) Coating
- Ethylene Tetrafluoro Ethylene (ETFE) Coating
- Perfluoroalkoxy Alkanes (PFA) Coating
- Others
By End-Use Industry:
- Food Processing
- Electrical & Electronics
- Chemical Processing
- Building & Construction
- Others
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Fluoropolymer Coatings Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Fluoropolymer Coatings Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Fluoropolymer Coatings Market, by End-Use Industry, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Fluoropolymer Coatings Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Fluoropolymer Coatings Market Dynamics
- 3.1. Fluoropolymer Coatings Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing penetration in the processing industry
- 3.1.1.2. Growing building & construction industry
- 3.1.2. Market Challenges
- 3.1.2.1. Availability of substitute coatings
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing shift towards environmentally-friendly products
Chapter 4. Global Fluoropolymer Coatings Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Fluoropolymer Coatings Market, by Type
- 5.1. Market Snapshot
- 5.2. Global Fluoropolymer Coatings Market by Type, Performance - Potential Analysis
- 5.3. Global Fluoropolymer Coatings Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 5.4. Fluoropolymer Coatings Market, Sub Segment Analysis
- 5.4.1. Polytetrafluoroethylene (PTFE) Coating
- 5.4.2. Polyvinylidene Fluoride (PVDF) Coating
- 5.4.3. Fluoroethylene Propylene (FEP) Coating
- 5.4.4. Ethylene Tetrafluoro Ethylene (ETFE) Coating
- 5.4.5. Perfluoroalkoxy Alkanes (PFA) Coating
- 5.4.6. Others
Chapter 6. Global Fluoropolymer Coatings Market, by End-Use Industry
- 6.1. Market Snapshot
- 6.2. Global Fluoropolymer Coatings Market by End-Use Industry, Performance - Potential Analysis
- 6.3. Global Fluoropolymer Coatings Market Estimates & Forecasts by End-Use Industry 2020-2030 (USD Billion)
- 6.4. Fluoropolymer Coatings Market, Sub Segment Analysis
- 6.4.1. Food Processing
- 6.4.2. Electrical & Electronics
- 6.4.3. Chemical Processing
- 6.4.4. Building & Construction
- 6.4.5. Others
Chapter 7. Global Fluoropolymer Coatings Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Fluoropolymer Coatings Market, Regional Market Snapshot
- 7.4. North America Fluoropolymer Coatings Market
- 7.4.1. U.S. Fluoropolymer Coatings Market
- 7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. End-Use Industry breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Fluoropolymer Coatings Market
- 7.5. Europe Fluoropolymer Coatings Market Snapshot
- 7.5.1. U.K. Fluoropolymer Coatings Market
- 7.5.2. Germany Fluoropolymer Coatings Market
- 7.5.3. France Fluoropolymer Coatings Market
- 7.5.4. Spain Fluoropolymer Coatings Market
- 7.5.5. Italy Fluoropolymer Coatings Market
- 7.5.6. Rest of Europe Fluoropolymer Coatings Market
- 7.6. Asia-Pacific Fluoropolymer Coatings Market Snapshot
- 7.6.1. China Fluoropolymer Coatings Market
- 7.6.2. India Fluoropolymer Coatings Market
- 7.6.3. Japan Fluoropolymer Coatings Market
- 7.6.4. Australia Fluoropolymer Coatings Market
- 7.6.5. South Korea Fluoropolymer Coatings Market
- 7.6.6. Rest of Asia Pacific Fluoropolymer Coatings Market
- 7.7. Latin America Fluoropolymer Coatings Market Snapshot
- 7.7.1. Brazil Fluoropolymer Coatings Market
- 7.7.2. Mexico Fluoropolymer Coatings Market
- 7.8. Middle East & Africa Fluoropolymer Coatings Market
- 7.8.1. Saudi Arabia Fluoropolymer Coatings Market
- 7.8.2. South Africa Fluoropolymer Coatings Market
- 7.8.3. Rest of Middle East & Africa Fluoropolymer Coatings Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Kansai Paints Co. Ltd
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. PPG Industries Inc.
- 8.3.3. Axalta Coating Systems Ltd.
- 8.3.4. Walter Wurdack Inc
- 8.3.5. The Chemours Company
- 8.3.6. KCC Corporation
- 8.3.7. The Sherwin-Williams Company
- 8.3.8. Daikin Industries Ltd
- 8.3.9. KECO Coatings
- 8.3.10. HVM Surface Engineering
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption