Fluoropolymer coating is a mixed composition of high-performance resins and fluoropolymer lubricants that has a strong carbon-fluoride bond giving a versatile, sustainable coating with desirable properties. According to BlueQuark Research & Consulting, the global Fluoropolymer Coating market is expected to witness a significant growth rate during the forecasted period. Factors such as the ability of the coating to be cured in ambient temperature provide flexibility during usage in the buildings & construction sector, which is anticipated to drive the global Fluoropolymer Coatings market in the forecasted period. Further, the utilization of Fluoropolymer Coating as an alternative to Traditional Coatings in various industries due to its attractive properties is predicted to drive the market in the forecasted period. Furthermore, the increased use of Fluoropolymer Coatings in the electronics industry due to its high electric resistivity is expected to drive the global Fluoropolymer coating market in the forecasted demand. However, the high price of Fluoropolymer Coating is expected to hamper the growth of the Fluoropolymer coating market in the forecasted period.
Fluoropolymer Coating is primarily used in buildings to coat walls, roofs, doors, canopies, frames, handrails, barriers, pillars, signs, etc. It can also be used to coat materials like Aluminium, Steel, Concrete, Glass, Plastic Substrate, etc.
The Primary use of Fluoropolymer Coatings is in the Buildings and Construction Industry. The desirable properties of Fluoropolymer Coatings like high degradation resistance against abnormal environmental conditions, weather, nature, airborne pollutants, corrosion, wear & abrasion are expected to increase the coating usage in the Buildings and Construction industries, therefore driving the growth of the global market. Further, the use of Fluoropolymer Coatings in the oil & gas industry sees a gradual increase due to its ability to withstand shallow & high temperatures and long-term exposure to corrosion, providing reduced torque and galling levels. These are some of the primary driving factors that are expected to drive the global Fluoropolymer Coatings market. The Sherwin-Williams Company, one of the global leaders in manufacturing Fluoropolymer Coatings, posted its net income of $2,030 Million for the fiscal year 2020, a significant 24% increase from the previous fiscal year. Furthermore, foam reduction, improving wettability, anti-chipping, dispersing and UV protection of the coating material, development of the construction industry, growing penetration in paints, metals, construction, and bedding & furniture industries, increase in demand for bakery and ready-to-eat-foods along with changing customers preferences and increase in the working population are also awaited to drive the growth of the fluoropolymer coating market. Fluoropolymer Coating offers a wide variety of gloss and ensures a lighter paint Spectrum giving a more aesthetically pleasing look. These factors are evaluated to drive the growth of the Global Fluoropolymer Coatings market.
Some of the market's key players are PPG Industries, AkzoNobel NV, The Sherwin-Williams Company, Daikin Industries, AGC, and KCC Corporation.
The Asia-Pacific region is expected to be a market leader in the future as it is one of the fastest-growing markets for Fluoropolymer Coating. The rise in Purchasing power, urbanization, investments in airports, railways, other infrastructures, and the desirable properties of Fluoropolymer Coating are estimated to drive the Asia-Pacific market. China is the leading market for Fluoropolymer Coating, with India, Japan, and South Korea as emerging markets. Fluoropolymer coatings for industrial applications are put in on various derivatives, such as concrete, carbon steel, stainless steel, brass, zinc, magnesium, steel alloys, and other metals, as well as for non-metallic, such as glass, elastomers, rubber, plastics, paper, or wood, ceramics, to protect against mechanical, chemical, and environmental degradation. It originated to be both aesthetic as well as protective. The list of uses of fluoropolymer coatings supply is nearly endless. The chief reason for applying a coating is to protect the part underneath it, mainly from various types of corrosion. Fluoropolymer coatings are one of the most substantial types of non-stick coatings. The most general use of industrial coatings prevents concrete or steel from corroding. Another regular use is to make these materials more resistant to fire or other chemicals. The oil and gas sector is a significant sub-segment of industrial application, a considerable consumer of fluoropolymer coatings. Oil and gas exploration and recovery need the harshest of all applications for polymeric materials. The temperature and pressures, the existence of corrosive chemicals, and the operational life expected of such materials necessary the use of only premium, high-performance grades. Fluoropolymer coating has the characteristics of withstanding shallow and high temperatures and providing decreased torque and galling levels, even after the long-term exhibition to corrosion. Fasteners, valves, and subsea connectors worn in oil and gas equipment benefit from the low friction, good load-bearing, and anti-corrosion properties of fluoropolymer coatings. Factors like a surge in numbers of housings and a reduction in recoating while utilizing Fluoropolymer Coating due to its long life span of 20+ years are expected to drive the market's growth in these regions. Further, the rising vehicle consumption in the Asia-Pacific region due to increased economic conditions has improved the automotive sector, resulting in more demand for the Fluoropolymer Coating market. Moreover, many Fluoropolymer manufacturing plants have shifted their base to Asia-Pacific regions due to increased demand, low price of raw materials, and cheap labor costs. Thus, factors like these have made Asia-Pacific an essential scope for the global Fluoropolymer Coating market.
In May 2021, PPG Industries announced the introduction of PPG CORAFLON Platinum fluoroethylene vinyl ether (FEVE) fluoropolymer powder coatings for architectural extrusions and sheet aluminum.
In June 2019, PPG Industries Donated Coatings to Restore Flying Saucer on Mars
Global Fluoropolymer Coating Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Fluoropolymer Coating market by segmenting based on the Type (PTFE, PVDF, FEP, ETFE), Application (Building & Construction, Industrial, Electrical & Electronics, Automotive, Aerospace & Others). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
Global Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
North America Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
United States Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Canada Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Mexico Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Europe Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
United Kingdom Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Germany Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Italy Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
France Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Other Supporting Charts
Rest of Europe Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
South America Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Brazil Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Argentina Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Rest of South America Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Asia-Pacific Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
China Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
India Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Japan Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
South Korea Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Rest of Asia-Pacific Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Middle East & Africa Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Saudi Arabia Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
South Africa Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Rest of Middle-East & Africa Fluoropolymers Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027