Global Fluoropolymer Coating Market: Overview
Several industries including automotive, construction, chemical, electronic, electrical, and architectural have application of fluoropolymer coating, which are the mixture of resin binders and fluoropolymer lubricants. These coatings offer highly useful attributes such as low coefficients of friction, chemical resistance, electrical resistance, corrosion protection, anti-galling properties, and UV protection. Consequently, the demand in the global fluoropolymer coating market is projected to expand at a healthy CAGR during the forecast period of 2016 to 2024.
This report on the global market for fluoropolymer coatings has been prepared to act as a reliable document for the stakeholders connected to the value chain of this market. It studies all the factors that may impact the demand for fluoropolymer coating, positively or negatively, during the forecast period, and estimates the scenario of the market until 2024. Segment based revenue and growth rates have been evaluated and most lucrative regions have been detected. The report also overviews a number of leading companies that are currently operating in the global fluoropolymer market, exploring their product portfolio, share of the pie, and latest strategic developments.
Based on type, the market for fluoropolymer can be segmented into polyvinylidene fluoride (PVDF), polytetrafluoroethylene (PTFE), ethylene tetrafluoroethylene (ETFE), and fluorinated ethylene propylene (FEP), while on the basis of end-use industries, the market can be categorized into building and construction, aerospace, chemical processing, electrical and electronics, food and beverage, and others. Geographically, the report evaluates the opportunities available in several regions including Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa.
Global Fluoropolymer Coating Market: Trends & Opportunities
The expanding application of fluoropolymer coating in various industries, and their consequent prosperity, are the primary factors driving the global market for the same. In the automotive industry, fluoropolymer are used in various parts such as ball bearings in order to impact friction and resist corrosion. In the aerospace sector, fluoropolymer coating are applied in cabin interiors, wheels, and bearings to resist fire and corrosion. The building and construction industry is currently thriving in several emerging economies, wherein fluoropolymer coating are useful for paints, sealants, and adhesives to add durability. A number of cooking appliances such as mixing blades, non-stick cookware, cutting blades, and molds use fluoropolymer coating. The electronic industry is flourishing too, and thereby driving the demand for fluoropolymer coating, using it for protective coating and insulation. Owing to its high durability, PVDF based coating are extensively used in the agriculture sector for coating of post-formed steel sheets or metal coils as well as architectural aluminum surfaces.
Currently, the building and construction industry account for the maximum demand for fluoropolymer coating by a considerable margin ahead of the second most profitable end-use industry of automotive.
Global Fluoropolymer Coating Market: Regional Outlook
Asia Pacific is the most profitable market for the players in the fluoropolymer coating market, with vast possibilities for future, followed by Europe and North America wherein the market has reached maturity to a certain extent. Rapid urbanization is opening vast opportunities in Asia Pacific countries such as India, China, South Korea, and Malaysia.
Companies mentioned in the research report
Some of the leading companies currently operating in the global fluoropolymer coating market are PPG Industries, Inc., Arkema S.A., Akzo Nobel N.V., Daikin Industries Ltd., BASF SE, E. I. du Pont de Nemours and Company, TOHO KASEI Co., Ltd., Toefco Engineered Coating Systems, Inc., Whitford Corporation, and The Valspar Corporation.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.