The fluorine particles have various
properties such as high electronegativity and low polarizability. Subsequently,
carbon-fluorine bonds have higher energy and are more affinity than C– H bonds.
Additionally, the assimilation of fluorine substituents into organic compounds
can influence their properties. Fluorinated polymeric materials display low
surface energies, lubrication, non-wetting protecting properties,
impermeability to gasses, and high protection from water, oils, volatile
chemicals, corrosion, UV radiation, and chalking. These exceptional properties
find its applications in diverse industries such as building &
construction, oil & gas, automotive, aerospace, industrial, and food
processing.
As per our analysis, some of the
prominent market factors and trends identified in the Global Flouropolymer
Market include rapid industrialization, rising demand for industrial machinery
protection, and increasing expenditure on industrial production. Moreover,
rising demand for Flouropolymer from oil & gas industry is predicted fuel
the growth of the market over the assessment period. Polyvinylidene fluoride
(PVDF) is a pure Thermoplastic Fluoropolymer. It is highly non-reactive, thus,
it is ideal for oil & gas industry because as it resist attack from most of
the solvents, acids and bases. Rising crude oil production across the globe is
projected to drive the Flouropolymer Coating Market during the review period.
Moreover, the use of Flouropolymer Coating has increased in number of
industrial applications to protect machineries and equipment, which function in
harsh environment. This, in turn, is expected to increase the demand for the
product. Furthermore, increasing automobile production and sales along with
rising consumption of lubricants is estimated to fuel the growth of the market.
Competitive Analysis:
Some of the prominent players in the
Global Fluoropolymer
Coating Industry are Whitford Corporation (U.S.), Daikin Industries,
Ltd. (Japan), Akzo Nobel N.V. (the Netherlands), E. I. du Pont de Nemours and
Company (U.S.), PPG Industries, Inc. (U.S.), The Valspar Corporation (U.S.),
The Becker Group, Ltd. (U.S.), BASF SE (Germany), TIGER Drylac U.S.A., Inc.
(U.S.), and Toefco Engineered Coating Systems, Inc. (U.S.) among others.
Market Segmentation:
The Global Flouropolymer Protective
Coating Market is segmented on the basis of type, end use, and region. Based on
the type, the market is divided into polyvinylidene fluoride (PVDF),
flouroethylene vinyl ether (FEVE), polytetra flouroethylene (PTFE), fluorinated
ethylene propylene (FEP), ethylene tetraflouroethylene copolymer (ETFE), and
polyvinyl fluoride (PVF). On the basis of the end use industry, the global
flouropolymer coating market is segmented into aerospace, construction,
automotive, oil & gas, food processing, cookware and others. On the basis
of the rergion, the market is classified into Asia Pacific, North America,
Europe, Latin America, and the Middle East & Africa.
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Regional Analysis:
The Global Flouropolymer Coating
Market consists of five regions: Asia Pacific, Europe, Latin America, North
America, and the Middle East & Africa. Among these, Asia Pacific is
predicted to grow at the highest CAGR on account of expanding industries such
as oil & gas, and food processing and urge to protect machinery in these
industries during the review period 2017-2027.
North American Flouropolymer Coating
Market is predicted to witness a rapid growth due to growing demand for new
vehicles in the US is leading the way and with a combination of an aged fleet,
new models, and attractive financing.
Growing demand for Flouropolymer
Coating due to increasing expenditure on product innovation and purchasing
power of consumers is predicted to drive the growth of the various European
countries such as Italy, Germany, Spain, the UK, France, and Russia. Moreover,
presence of major automobile manufacturers, specifically, in Germany is
expected to give a new impetus to the market growth. In the Middle East region,
increasing demand for architectural Flouropolymer Coating is one of the key
drivers of the Flouropolymer Coatings Market growth. Latin American countries
such as Argentina, Colombia, and Brazil are also predicted to witness a
substantial growth owing to increasing consumer spending on passenger cars as well
as involvement of new technologies and inventions in Flouropolymer Coating.
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NOTE: Our Team of Researchers is
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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