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Global Fluoropolymer Coating Market Size, Share, Forecast: By Coating Type: Polytetrafluoroethylene (PTFE) Coating, Fluoroethylene Propylene (FEP) Coating, Perfluoroalkoxy Alkanes (PFA) Coating, Ethylene Tetrafluoroethylene (ETFE) Coating, Others; By Application; Regional Analysis; Competitive Landscape; 2024-2032
Global Fluoropolymer Coating Market Outlook
The global fluoropolymer coating market size reached approximately USD 2.10 billion in 2023. The market is estimated to grow at a CAGR of 5.3% in the forecast period of 2024-2032, reaching a value of around USD 3.34 billion by 2032.
Key Trends in the Market
A fluoropolymer is a high-performance polymer based on fluorocarbons, which is mainly utilised in harsh environmental conditions to meet specific conditions. Fluoropolymer coatings are a mixture of fluoropolymer lubricants and high-performance resins that offer excellent resistance against abrasion, corrosion, and chemicals.
- Growing applications of polytetrafluoroethylene (PTFE) coating in the food sector to enhance the properties of cookware is one of the crucial fluoropolymer coating market trends. This coating improves the wear resistance of cookware, prevents the sticking of food to the cooking material, allows for easy release, and offers an effortless cooking experience.
- Fluoropolymer coating acts as a sustainable construction solution that enhances the durability of buildings, thereby extending their longevity and reducing excess usage of resources for their maintenance.
- The increasing utilisation of fouling-release coating technology in fluoropolymer coatings to prevent biofouling (build-up of micro-organisms on marine structures such as bridges and dams) and corrosion and improve the lifetime stability of infrastructures also provides impetus to the fluoropolymer coating market growth.
Market Analysis
Based on coating type, the market is divided into polytetrafluoroethylene (PTFE) coating, fluoroethylene propylene (FEP) coating, perfluoroalkoxy alkanes (PFA) coating, ethylene tetrafluoroethylene (ETFE) coating, polyvinyl fluoride (PVF) coating, and polyvinylidene fluoride (PVDF) coating, among others.
The fluoropolymer coating market segmentation, on the basis of application, includes building and construction, industrial, automotive, aviation and aerospace, food processing, cookware, and electrical, among others. The major regional markets of fluoropolymer coating include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the fluoropolymer coating market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Daikin Industries, Ltd.
- Kansai Nerolac Paints Limited
- KCC Corporation
- Tnemec Company, Inc.
- PPG Industries, Inc.
- Akzo Nobel N.V.
- The Chemours Company
- The Sherwin-Williams Company
- Others
Market Share by Application
The building and construction sector occupies a substantial portion of the fluoropolymer coating market share as fluoropolymer coatings offer a cost-effective and non-corrosive coating solution for metal surfaces such as doors, windows, and panel systems, among others. They also provide an extra layer of insulation to the buildings and keep the interior temperature moderate during summers and winters.
Subsequently, the industrial sector is expected to gain significant growth in the foreseeable future, owing to the increased utilisation of fluoropolymer coating over concrete, steel, alloys, and ceramics, among others, to enhance their properties.
Market Share by Region
As per the fluoropolymer coating market analysis, the Asia Pacific accounts for a sizeable share of the global market, due to the growing usage of fluoropolymer coatings in several end-use sectors such as building and construction, electrical, and industrial, among others. Increased investments in airports, railways, and other infrastructure further provide lucrative market growth opportunities.
Additionally, there is a surge in demand for fluoropolymer coating in vehicles to prevent friction of its components, withstand wear and tear, and provide a glossy finish.
Competitive Landscape
Daikin Industries, Ltd., founded in 1924, is one of the major manufacturers of air conditioners, headquartered in Osaka, Japan. The company also offers air purifiers, air-to-water heat pump systems, heating systems, and fluorochemicals, among others.
Kansai Nerolac Paints Limited is an industrial paints company, established in 1920 and based in Mumbai, India. Its product portfolio includes interior wall paints, waterproof paints, wood coating, and adhesives, among others.
KCC Corporation, incorporated in 1958, is a provider of chemical and auto parts, with its headquarters in Seoul, South Korea. Its products and services are used in the automotive, construction, industrial, and other related sectors.
Other fluoropolymer coating market players include Tnemec Company, Inc., PPG Industries, Inc., Akzo Nobel N.V., The Chemours Company, and The Sherwin-Williams Company, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Coating Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Fluoropolymer Coating Market Analysis
8.1 Key Industry Highlights
8.2 Global Fluoropolymer Coating Historical Market (2018-2023)
8.3 Global Fluoropolymer Coating Market Forecast (2024-2032)
8.4 Global Fluoropolymer Coating Market by Coating Type
8.4.1 Polytetrafluoroethylene (PTFE) Coating
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Fluoroethylene Propylene (FEP) Coating
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Perfluoroalkoxy Alkanes (PFA) Coating
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Ethylene Tetrafluoroethylene (ETFE) Coating
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Polyvinyl Fluoride (PVF) Coating
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Polyvinylidene Fluoride (PVDF) Coating
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Others
8.5 Global Fluoropolymer Coating Market by Application
8.5.1 Building and Construction
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Industrial
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Automotive
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Aviation and Aerospace
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Food Processing
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Cookware
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Electrical
8.5.7.1 Historical Trend (2018-2023)
8.5.7.2 Forecast Trend (2024-2032)
8.5.8 Others
8.6 Global Fluoropolymer Coating Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Fluoropolymer Coating Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Fluoropolymer Coating Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Fluoropolymer Coating Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Fluoropolymer Coating Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Fluoropolymer Coating Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Daikin Industries, Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Kansai Nerolac Paints Limited
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 KCC Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Tnemec Company, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 PPG Industries, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Akzo Nobel N.V.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 The Chemours Company
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 The Sherwin-Williams Company
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Fluoropolymer Coating Market: Key Industry Highlights, 2018 and 2032
2. Global Fluoropolymer Coating Historical Market: Breakup by Coating Type (USD Billion), 2018-2023
3. Global Fluoropolymer Coating Market Forecast: Breakup by Coating Type (USD Billion), 2024-2032
4. Global Fluoropolymer Coating Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Fluoropolymer Coating Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Fluoropolymer Coating Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Fluoropolymer Coating Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Fluoropolymer Coating Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Fluoropolymer Coating Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Fluoropolymer Coating Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Fluoropolymer Coating Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Fluoropolymer Coating Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Fluoropolymer Coating Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Fluoropolymer Coating Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Fluoropolymer Coating Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Fluoropolymer Coating Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Fluoropolymer Coating Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Fluoropolymer Coating Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 2.10 billion.
The market is projected to grow at a CAGR of 5.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 3.34 billion by 2032.
The major market drivers are the growing applications of fluoropolymer coatings in the construction sector, rapid urbanisation, and a surge in industrial usage of fluoropolymer coatings.
The key trends of the market include growing applications of polytetrafluoroethylene (PTFE) coating in the food sector to enhance the properties of cookware, increased usage of fluoropolymer coating as a sustainable construction solution, and the advent of fouling-release coating technology in fluoropolymer coatings.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Various coating types are polytetrafluoroethylene (PTFE) coating, fluoroethylene propylene (FEP) coating, perfluoroalkoxy alkanes (PFA) coating, ethylene tetrafluoroethylene (ETFE) coating, polyvinyl fluoride (PVF) coating, and polyvinylidene fluoride (PVDF) coating.
The key players in the market are Daikin Industries, Ltd., Kansai Nerolac Paints Limited, KCC Corporation, Tnemec Company, Inc., PPG Industries, Inc., Akzo Nobel N.V., The Chemours Company, and The Sherwin-Williams Company, among others.
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