This Fluoropolymer Coating market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The flouropolymer coating market size has grown steadily in recent years. It will grow from $1.83 billion in 2023 to $1.91 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth during the historic period can be attributed to factors such as industrial expansion, advancements in electronics, an increasing demand for non-stick cookware, growth in the aerospace and automotive industries, and enhanced infrastructure development.
The flouropolymer coating market size is expected to see strong growth in the next few years. It will grow to $2.34 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth expected in the forecast period can be attributed to several factors, including a greater emphasis on sustainability and regulatory compliance, an increasing demand in industrial applications, heightened focus on environmental sustainability, and growing consumer preferences for high-performance materials. Key trends anticipated during this period include advancements in eco-friendly formulations, innovations in coating technologies, the development of new products, and improvements in coating performance.
The anticipated growth of the flouropolymer coating market is closely linked to the increasing industrialization. Industrialization involves the transformation of an economy from primarily agricultural to one focused on manufacturing goods. This shift is driven by technological advancements that enhance production efficiency, along with economic growth that spurs investments in manufacturing and infrastructure to satisfy the rising global demand for products. Fluoropolymer coatings play a vital role in industrial processes, promoting advancements across various sectors by providing protection against extreme conditions, reducing maintenance requirements, and improving operational efficiency. For instance, in July 2023, the Office for National Statistics, a UK-based government department, reported that the total value of product sales by UK manufacturers reached £429.8 billion ($532.67 billion) in 2022, reflecting an increase of £28.4 billion ($35.3 billion) from £401.5 billion ($497.86 billion) in 2021. Consequently, the rising levels of industrialization are driving the growth of the flouropolymer coating market.
Key players in the flouropolymer coating market are concentrating on developing innovative products, such as high-performance flouropolymer coatings, to enhance durability and resistance in challenging environments. High-performance flouropolymer coatings are advanced protective layers that provide exceptional resistance to corrosion, chemicals, and extreme temperatures while maintaining durability and aesthetic appeal. For example, in July 2024, Alfa Chemistry, a U.S.-based provider of materials chemistry solutions, announced an expansion of its new range of advanced fluoropolymers to enhance its product offerings and cater to the increasing demand for high-performance materials across various industries. This strategic expansion aims to deliver innovative solutions that capitalize on the outstanding properties of fluoropolymers, including chemical resistance, thermal stability, and low friction. The company positions itself as a comprehensive supplier, supporting applications in critical sectors such as aerospace, automotive, and chemical processing, by introducing materials such as polytetrafluoroethylene (PTFE), polychlorotrifluoroethylene (PCTFE), and ethylene tetrafluoroethylene (ETFE).
In December 2023, EQT AB, a private equity company based in Sweden, acquired Zeus Company LLC for an undisclosed amount. This acquisition is intended to support Zeus's growth through investments in production, research and development, and operations to meet the rising demand for precision medical devices. EQT aims to leverage its expertise in polymer-based solutions and expand Zeus's global footprint while maintaining the company's legacy of innovation in life-saving technologies. Zeus Company LLC is a U.S.-based polymer extrusion firm specializing in flouropolymer coating solutions.
Major companies operating in the flouropolymer coating market are BASF SE, Linde AG, Daikin Industries Ltd, The Sherwin Williams Co, PPG Industries Inc, Solvay SA, AGC Inc, Arkema SA, AkzoNobel NV, Axalta Coating Systems Ltd, Kansai Nerolac Paints Ltd, Avient Corporation, Jotun Group, Tnemec Co Inc, Precision Coating Company Inc, Metal Coating Corporation, Chem Processing Inc, Endura Coatings, Coating Systems Inc, Advanced Expertise Technology Pvt Ltd, General Plastics Corporation, Innocoat Systems Pvt Ltd, Metoree, PTFE Applied Coatings Ltd, Sun Coating Company.
Asia-Pacific was the largest region in the flouropolymer coating market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flouropolymer coating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the flouropolymer coating market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A flouropolymer coating is a protective layer made from fluoropolymer compounds that are recognized for their outstanding resistance to heat, chemicals, and corrosion. These coatings are applied to various surfaces to form a durable, non-stick, and chemically resistant barrier. With low friction and excellent dielectric properties, flouropolymer coatings are often utilized in challenging environments, including industrial machinery, cookware, medical devices, and automotive components.
The primary types of flouropolymer coatings include polyvinylidene fluoride (PVDF), polytetrafluoroethylene (PTFE), fluorinated ethylene propylene (FEP), ethylene and tetrafluoroethylene (ETFE), among others. Polyvinylidene fluoride (PVDF) is a high-performance thermoplastic polymer known for its remarkable resistance to chemicals, UV radiation, and environmental conditions. Available in both liquid and powder forms, PVDF can be applied through various methods such as coil coating, extrusion, and hot dip galvanizing. It is used across a wide array of industries, including food processing, chemical processing, electrical and electronics, and building and construction.
The flouropolymer coating market research report is one of a series of new reports that provides flouropolymer coating market statistics, including flouropolymer coating industry global market size, regional shares, competitors with a flouropolymer coating market share, detailed flouropolymer coating market segments, market trends and opportunities, and any further data you may need to thrive in the flouropolymer coating industry. This flouropolymer coating market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The flouropolymer coating market consists of sales of halar coatings, xylan coatings, non-stick cookware coatings, and architectural coatings. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The flouropolymer coating market size has grown steadily in recent years. It will grow from $1.83 billion in 2023 to $1.91 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth during the historic period can be attributed to factors such as industrial expansion, advancements in electronics, an increasing demand for non-stick cookware, growth in the aerospace and automotive industries, and enhanced infrastructure development.
The flouropolymer coating market size is expected to see strong growth in the next few years. It will grow to $2.34 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth expected in the forecast period can be attributed to several factors, including a greater emphasis on sustainability and regulatory compliance, an increasing demand in industrial applications, heightened focus on environmental sustainability, and growing consumer preferences for high-performance materials. Key trends anticipated during this period include advancements in eco-friendly formulations, innovations in coating technologies, the development of new products, and improvements in coating performance.
The anticipated growth of the flouropolymer coating market is closely linked to the increasing industrialization. Industrialization involves the transformation of an economy from primarily agricultural to one focused on manufacturing goods. This shift is driven by technological advancements that enhance production efficiency, along with economic growth that spurs investments in manufacturing and infrastructure to satisfy the rising global demand for products. Fluoropolymer coatings play a vital role in industrial processes, promoting advancements across various sectors by providing protection against extreme conditions, reducing maintenance requirements, and improving operational efficiency. For instance, in July 2023, the Office for National Statistics, a UK-based government department, reported that the total value of product sales by UK manufacturers reached £429.8 billion ($532.67 billion) in 2022, reflecting an increase of £28.4 billion ($35.3 billion) from £401.5 billion ($497.86 billion) in 2021. Consequently, the rising levels of industrialization are driving the growth of the flouropolymer coating market.
Key players in the flouropolymer coating market are concentrating on developing innovative products, such as high-performance flouropolymer coatings, to enhance durability and resistance in challenging environments. High-performance flouropolymer coatings are advanced protective layers that provide exceptional resistance to corrosion, chemicals, and extreme temperatures while maintaining durability and aesthetic appeal. For example, in July 2024, Alfa Chemistry, a U.S.-based provider of materials chemistry solutions, announced an expansion of its new range of advanced fluoropolymers to enhance its product offerings and cater to the increasing demand for high-performance materials across various industries. This strategic expansion aims to deliver innovative solutions that capitalize on the outstanding properties of fluoropolymers, including chemical resistance, thermal stability, and low friction. The company positions itself as a comprehensive supplier, supporting applications in critical sectors such as aerospace, automotive, and chemical processing, by introducing materials such as polytetrafluoroethylene (PTFE), polychlorotrifluoroethylene (PCTFE), and ethylene tetrafluoroethylene (ETFE).
In December 2023, EQT AB, a private equity company based in Sweden, acquired Zeus Company LLC for an undisclosed amount. This acquisition is intended to support Zeus's growth through investments in production, research and development, and operations to meet the rising demand for precision medical devices. EQT aims to leverage its expertise in polymer-based solutions and expand Zeus's global footprint while maintaining the company's legacy of innovation in life-saving technologies. Zeus Company LLC is a U.S.-based polymer extrusion firm specializing in flouropolymer coating solutions.
Major companies operating in the flouropolymer coating market are BASF SE, Linde AG, Daikin Industries Ltd, The Sherwin Williams Co, PPG Industries Inc, Solvay SA, AGC Inc, Arkema SA, AkzoNobel NV, Axalta Coating Systems Ltd, Kansai Nerolac Paints Ltd, Avient Corporation, Jotun Group, Tnemec Co Inc, Precision Coating Company Inc, Metal Coating Corporation, Chem Processing Inc, Endura Coatings, Coating Systems Inc, Advanced Expertise Technology Pvt Ltd, General Plastics Corporation, Innocoat Systems Pvt Ltd, Metoree, PTFE Applied Coatings Ltd, Sun Coating Company.
Asia-Pacific was the largest region in the flouropolymer coating market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flouropolymer coating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the flouropolymer coating market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A flouropolymer coating is a protective layer made from fluoropolymer compounds that are recognized for their outstanding resistance to heat, chemicals, and corrosion. These coatings are applied to various surfaces to form a durable, non-stick, and chemically resistant barrier. With low friction and excellent dielectric properties, flouropolymer coatings are often utilized in challenging environments, including industrial machinery, cookware, medical devices, and automotive components.
The primary types of flouropolymer coatings include polyvinylidene fluoride (PVDF), polytetrafluoroethylene (PTFE), fluorinated ethylene propylene (FEP), ethylene and tetrafluoroethylene (ETFE), among others. Polyvinylidene fluoride (PVDF) is a high-performance thermoplastic polymer known for its remarkable resistance to chemicals, UV radiation, and environmental conditions. Available in both liquid and powder forms, PVDF can be applied through various methods such as coil coating, extrusion, and hot dip galvanizing. It is used across a wide array of industries, including food processing, chemical processing, electrical and electronics, and building and construction.
The flouropolymer coating market research report is one of a series of new reports that provides flouropolymer coating market statistics, including flouropolymer coating industry global market size, regional shares, competitors with a flouropolymer coating market share, detailed flouropolymer coating market segments, market trends and opportunities, and any further data you may need to thrive in the flouropolymer coating industry. This flouropolymer coating market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The flouropolymer coating market consists of sales of halar coatings, xylan coatings, non-stick cookware coatings, and architectural coatings. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Fluoropolymer Coating Market Characteristics3. Fluoropolymer Coating Market Trends and Strategies32. Global Fluoropolymer Coating Market Competitive Benchmarking33. Global Fluoropolymer Coating Market Competitive Dashboard34. Key Mergers and Acquisitions in the Fluoropolymer Coating Market
4. Fluoropolymer Coating Market - Macro Economic Scenario
5. Global Fluoropolymer Coating Market Size and Growth
6. Fluoropolymer Coating Market Segmentation
7. Fluoropolymer Coating Market Regional and Country Analysis
8. Asia-Pacific Fluoropolymer Coating Market
9. China Fluoropolymer Coating Market
10. India Fluoropolymer Coating Market
11. Japan Fluoropolymer Coating Market
12. Australia Fluoropolymer Coating Market
13. Indonesia Fluoropolymer Coating Market
14. South Korea Fluoropolymer Coating Market
15. Western Europe Fluoropolymer Coating Market
16. UK Fluoropolymer Coating Market
17. Germany Fluoropolymer Coating Market
18. France Fluoropolymer Coating Market
19. Italy Fluoropolymer Coating Market
20. Spain Fluoropolymer Coating Market
21. Eastern Europe Fluoropolymer Coating Market
22. Russia Fluoropolymer Coating Market
23. North America Fluoropolymer Coating Market
24. USA Fluoropolymer Coating Market
25. Canada Fluoropolymer Coating Market
26. South America Fluoropolymer Coating Market
27. Brazil Fluoropolymer Coating Market
28. Middle East Fluoropolymer Coating Market
29. Africa Fluoropolymer Coating Market
30. Fluoropolymer Coating Market Competitive Landscape and Company Profiles
31. Fluoropolymer Coating Market Other Major and Innovative Companies
35. Fluoropolymer Coating Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Fluoropolymer Coating Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on fluoropolymer coating market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Measure the impact of high global inflation on market growth.
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Description
Where is the largest and fastest growing market for fluoropolymer coating? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fluoropolymer coating market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- the market characteristics section of the report defines and explains the market.
- the market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- the forecasts are made after considering the major factors currently impacting the market. These include:
- the impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- the impact of higher inflation in many countries and the resulting spike in interest rates.
- the continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- the competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Polyvinylidene Fluoride (PVDF); Polytetrafluoroethylene (PTFE); Fluorinated Ethylene Propylene (FEP); Ethylene and Tetra Fluor Ethylene (ETFE); Other Types2) by Form: Liquid; Powder
3) by Process: Coil; Extrusion; Hot Dip Galvanizing
4) by End Use: Food Processing; Chemical Processing; Electrical and Electronics; Building and Construction; Other End Users
Key Companies Mentioned: BASF SE; Linde AG; Daikin Industries Ltd; the Sherwin Williams Co; PPG Industries Inc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies profiled in this Fluoropolymer Coating market report include:- BASF SE
- Linde AG
- Daikin Industries Ltd
- The Sherwin Williams Co
- PPG Industries Inc
- Solvay SA
- AGC Inc
- Arkema SA
- AkzoNobel NV
- Axalta Coating Systems Ltd
- Kansai Nerolac Paints Ltd
- Avient Corporation
- Jotun Group
- Tnemec Co Inc
- Precision Coating Company Inc
- Metal Coating Corporation
- Chem Processing Inc
- Endura Coatings
- Coating Systems Inc
- Advanced Expertise Technology Pvt Ltd
- General Plastics Corporation
- Innocoat Systems Pvt Ltd
- Metoree
- PTFE Applied Coatings Ltd
- Sun Coating Company
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | December 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 1.91 Billion |
| Forecasted Market Value ( USD | $ 2.34 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 26 |
