AMARILLO, TX , United States, Tue, 20 Sep 2022 01:14:15 / Comserve Inc. / -- In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Fluoropolymer Coatings
The properties of Fluoropolymer Coatings vary with the type of fluoropolymer resins used in formulation; however each coating displays the basic properties of fluoropolymers that is non-stick, anti-friction, wear and abrasion resistance and good dielectric and insulating properties. The various types of resins used in formulating fluoropolymer coating are PTFE, PVDF, FEP, ETFE, PFE, FEVE, ECTFE, etc.
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The type of coating prepared varies in accordance with the type of substrate to be applied on. Coating formulation also contains other components along with the resin such as binder resin, solvents, additives and pigments which together define the properties of the coating system. The properties of these coating systems vary widely with the ratio of fluoropolymer resin to the binding resin used, as it imparts the characteristics to the final product. The use of fluoropolymer coating has been increasing over the years due to increase in the demand of coatings that are durable and can operate under extreme conditions of temperature and pressure.
Asia-Pacific is the global leader in the consumption of fluoropolymer coating and this dominance is expected to continue till 2031. China is the key market in the region, consuming more than half of the demand for fluoropolymer coatings, followed by Japan, South Korea, and India, where consumption is growing steadily. Increase in the consumption of fluoropolymer coating for food processing, chemical processing and electrical & electronics industry has been observed in Asia-Pacific due to continued industrialization and rise in the manufacturing sector of the region. Growing innovation and developments in the fluoropolymer coating consumer industries for better products are directly affecting the rise in the use of fluoropolymer coatings.
PTFE coatings are generally used in food processing industry where non-stick, release and inert characteristic are desirable. PVDF coatings are used in building & construction industry where properties such as durability, weather resistance, and ultraviolet & ozone resistance along with self-cleaning properties are essential. FEP coatings are used in wire and cable insulation in electrical and electronics industry due to chemical resistance and insulating properties. ETFE coatings are used in processing industries in order to provide impact resistance, under heavy duty operations.
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This study on fluoropolymer coating market estimates the market value for fluoropolymer coatings and projects the same till 2031. As a part of quantitative analysis, the study segments the market by application at country level with the current market estimation and forecast till 2031. The countries covered in the report are China, Japan, India, South Korea, Italy, Germany, France, U.K. and the U.S. The segmentation by type includes PTFE, PVDF, FEP and ETFE coatings. The segmentation by end-user industries includes food processing, electrical & electronics, chemical processing and building & construction. Further as a part of qualitative analysis, the study provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, challenges, and key issues in the market. It also includes the company profiling and competitive strategies adopted by different market players, including Whitford Corporation (U.S.), AkzoNobel N.V. (Netherlands), Daikin Industries Limited (Japan), E.I. DuPont de Nemours & Company (U.S.), PPG Industries (U.S.), BASF SE (Germany), The Valspar Corporation (U.S.), Beckers Group (Germany), Nippon Paint Holdings Co. Ltd. (Japan), and Tiger Drylac U.S.A., Inc. (U.S.).
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