The fluorine particles have 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 essentially 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 their 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. The Global Protective Coating Parent market is growing at a considerable CAGR by the end of 2023. This, in turn, is expected to fuel the demand for Flouropolymer Coating during the forecast period. Moreover, the demand for flouropolymer is predicted to witness a significant growth over the assessment period due to surging oil & gas industry.
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Polyvinylidene Fluoride (PVDF) is a pure thermoplastic fluoropolymer. It is used in oil & gas industry owing to the highly non-reactive nature, which resist its reaction with various solvents, acid, and bases and prolong the life of equipment. Rising crude oil production across the globe is anticipated to be an important driver of Flouropolymer Coating Market during the review period. Scope of applications in the global protective market is continuously increasing with the flourishing end use industries. Growing need for the protective coating on tools, equipment, and end decorative parts in building & construction industry is driving the demand of the market. Additionally, the use of Flouropolymer Coating has increased in number of industrial applications in a bid to protect machineries and equipment, which function in harsh environment. This, in turn, is propelling the growth in demand of the product. Increasing automobile production and sales along with rising consumption of lubricants is estimated to fuel the growth of the market. Furthermore, rapid urbanization coupled with increasing disposable income in emerging economies is predicted to propel the growth of the market during the assessment period.
The prominent players in the Global Flouropolymer Coating Market 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.
The Global Flouropolymer Coating Market is segmented on the basis of Type, End Use, and Region. Based on the Type, the market Flouropolymers are classified 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 End Use Industry, the Global Flouropolymer Coating Market is segmented into aerospace, construction, automotive, oil & gas, food processing, cookware, and others. Regionally, there five major regions in which the market is divided. It includes, Asia Pacific, North America, Europe, Latin America, and Middle East & Africa.
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 during the review period on account of expanding industries such as oil & gas, and food processing and urge to protect machinery in these industries. Moreover, cookware products are used on large scale due to growing population in this region, PTFE coated cookware possesses one of the lowest coefficients of friction of any solid. It is the most commonly used fluoropolymer found on everything from cooking pans to catheters, which is anticipated to drive the market.
North American Flouropolymer Coating Market is predicted to witness a tremendous growth owing to the growing demand for new vehicles in the US. To improve the efficiency and durability of automobiles, flouropolymer coatings are applied to automobile parts such as pistons, cylinder blocks, sliding bearings, cylinder liners, exhaust nozzles, valve trains, suspension elements, fuel pumps, gearboxes, engine block covers, structural elements, wheels, axles, spindles, and swivels to ensure their protection. Thus, Flouropolymer Coatings Market is projected to grow rapidly. In North American region, the U.S. is predicted to be the major contributor to the regional growth of the Flouropolymer Coating Market and is expected to see a significant demand for the Flouropolymer Coating during the forecast period.
In Europe, the demand for Flouropolymer Coating is predicted to grow in various countries such as Italy, Germany, Spain, the UK, France, and Russia on account of growing purchasing power of consumers and increasing expenditure on innovation. Moreover, the 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 Flouropolymer Coatings Market. High performance Fluoropolymer Coatings are expensive as compared to acrylic and silicone-based coatings. However, this coating last for long time, thus it reduce recoating costs and the consumption of raw materials. 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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