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Fluoropolymer Coating Market worth $1,534.30 Million by 2019

 Fluoropolymer coating systems are prepared from fluoropolymer resin such as PTFE, PVDF, FEP, ETFE resin. The coating system consists of fluoropolymer resin along with binder resins, solvent, pigments and additives. The ratio of these components in the system dominates the characteristics of coatings and they are unique and proprietary for each coating manufacturer. The fluoropolymer coating market has grown rapidly during the past few years and this trend is expected to continue in the next five years.

Browse 87 market data tables and 55 figures spread through 165 pages and in-depth TOC on “Fluoropolymer Coating Market”.

The growth is mainly driven by the increasing demand in the Asia-Pacific region. Asia-Pacific is the biggest market followed by Europe and North America, which together accounted for more than 90.0% market share in 2013. China is the biggest market, followed by United States, and is projected to grow at a CAGR of 6.0% between 2014 and 2019. The European market is comparatively mature with a consumption growth rate well below the average market growth. PTFE coating is the largest type of fluoropolymer coating consumed with a market share of around 68.82%. Building & Construction is the fastest-growing end-user segment of fluoropolymer coating which is projected to grow at a CAGR of 6.03% between 2014 and 2019.


Asia-Pacific – The biggest market of Fluoropolymer Coating

Fluoropolymer coating systems are prepared from fluoropolymer resin such as PTFE, PVDF, FEP, ETFE resin. The coating system consists of fluoropolymer resin along with binder resins, solvent, pigments and additives. The ratio of these components in the system dominates the characteristics of coatings and they are unique and proprietary for each coating manufacturer.

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Building & Construction Industry – The fastest-growing consumer of fluoropolymer coating

PVDF based coating systems are highly durable coating systems extensively used for coating architectural aluminium surfaces as well as post-formed steel sheets (metal coils). PVDF coatings constitute 15.03% of the overall consumption of fluoropolymer coating. PVDF coatings have been widely accepted in building & construction industry because of low maintenance cost, gloss and color retention and stain resistance properties. PVDF coatings also possess excellent coating tensile strength and elongation, which enables them to bent and roll without causing damage to the coating or loss of protection to the metal substrate.

China and the U.S. are at forefront of fluoropolymer coating consumption, while Italy, Japan, and the Germany are other key markets for fluoropolymer coating consumption. China is the key market in Asia-Pacific, consuming more than half of the demand for fluoropolymer coating, followed by Japan, South Korea, and India where consumption is growing at a steadily. Increase in the consumption of fluoropolymer coating for food processing, chemical processing and electrical & electronics has been observed in Asia-Pacific due to continued industrialization and rise in the manufacturing sector of the region.

Building & construction is projected to be the fastest-growing end-user segment followed by electrical & electronics between 2014 and 2019. The increasing environmental legislations are slowing the growth of fluoropolymer coating. The use of fluoropolymer coatings is increasing due to demand of durable and high performance coatings throughout the world. Processors, manufacturers and builders alike want to reduce their maintenance cost and increase the life of their equipment or buildings. Moreover, fluoropolymer coatings allow for a better performance of equipment with cheaper investment as against the same operation in processing industries by expensive alloys.

Read More Information At https://www.prnewswire.co.uk/news-releases/fluoropolymer-coating-market-worth-153430-million-by-2019-289321331.html

 

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