Fluoropolymer Coating Market to record USD 553.88 Million growth; Driven by rising population in urban areas - Technavio

NEW YORK, Nov. 23, 2022 /PRNewswire/ -- The "Fluoropolymer Coating Market by Application and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The report expects the market size to grow by USD 553.88 million, accelerating at a CAGR of 5.63% during the forecast period. The report provides a comprehensive analysis of the factors influencing the market size, regional growth opportunities, insights into major revenue-generating segments, and much more. Download a Free PDF Report Sample

Market Dynamics

•  Key Driver: The market is driven by the rising population in urban areas. With cities accounting for more than 80% of the global GDP, urbanization may contribute to long-term growth if it is well-managed, allowing for increased productivity and the emergence of new ideas. When cities grow, there is an increase in demand for affordable housing, well-connected transportation systems, and other infrastructure, as well as fundamental services and jobs. For instance, APAC comprises several countries and is the most populated region in the world. Being home to a significant number of megacities and with an increasing population, the region is expected to have the largest urban population by 2050. Thus, the rising population is expected to increase the demand for residential and non-residential construction, which, in turn, is anticipated to propel the demand for fluoropolymer coatings during the forecast period.
• Major Challenge: Stringent environmental policies and regulations will challenge the growth of the market. Solvent-based coatings consist of volatile chemicals that are hazardous to the environment. Various regulatory bodies in Europe, MEA, and North America impose stringent regulations for controlling the harmful effects of such coatings. Polytetrafluoroethylene (PTFE), which is a common fluoropolymer, its usage is impacted by new regulations on perfluorooctanoic acid (PFOA) because the eradication process in making PTFE in small sizes for coating has been demonstrated to create PFOA. The need to comply with various regulations has increased the costs associated with the purchase and use of fluoropolymer coatings. Therefore, stringent regulations formulated by regulatory bodies are expected to pose a serious challenge to the growth of the global fluoropolymer coating market during the forecast period.

Fluoropolymer Coating Market: Application Landscape

By application, the market is analyzed across segments such as building and construction, electrical and electronics, food processing, chemical processing, and others. The market growth will be significant in the building and construction segment during the forecast period. In the building and construction industry, fluoropolymer coatings use the fluorine atom, which has unique properties, particularly very high electronegativity, and low polarizability. The growth of the building and construction market in developing nations such as India, China, and Indonesia is rapidly rising due to the rise in the population. This leads to the growth of the construction market, which is expected to thereby lead to the growth of the segment in focus.

Companies Covered:

The global fluoropolymer coating market is fragmented, with the presence of several vendors competing for market share. Vendors operating in the market are trying to increase their sales by offering personalized options for products. Certain vendors follow the patented process to achieve competitive advantages in the global market. Vendors are entering into new agreements with commercial end-users to increase sales volume. Technavio identifies the following as the key players in the market.

• Akzo Nobel NV
• Axalta Coating Systems Ltd.
• BASF SE
• Beckers Group
• Chem Processing Inc
• DaeYoung C and E Co. Ltd.
• DAIKIN INDUSTRIES Ltd.
• DuPont de Nemours Inc.
• Endura Coatings
• KCC Co. Ltd.
• Metal Coatings Corp.
• Nippon Paint Holdings Co. Ltd.
• PTFE Applied Coatings
• Spar Coats and Polymers
• The Chemours Co.
• The Sherwin Williams Co.
• The Valspar Corp.
• TIGER Coatings GmbH and Co. KG
• Toa Resin Corp. Ltd.
• Gain access to more vendor profiles available with Technavio. Buy the Report!

What our reports offer:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers market data for 2021, 2022, and 2026
• Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Related Reports:

• The electrically conductive coatings market is projected to grow by USD 5.78 billion, accelerating at a CAGR of 6.3% during the forecast period 2021 to 2026. Increased focus on R&D is one of the factors driving the electrically conductive coatings market growth.
• The paints and coatings additives market share is expected to increase by USD 2.87 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.68%. Growing construction activities is one of the major drivers impacting the paints and coatings additives market growth.

Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments 
• Exhibit 24: Chart on Application - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application 
• Exhibit 26: Chart on Comparison by Application
• Exhibit 27: Data Table on Comparison by Application

• 5.3 Building and construction - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Building and construction - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Building and construction - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Building and construction - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Building and construction - Year-over-year growth 2021-2026 (%)

• 5.4 Electrical and electronics - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Electrical and electronics - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Electrical and electronics - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Electrical and electronics - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Electrical and electronics - Year-over-year growth 2021-2026 (%)

• 5.5 Food processing - Market size and forecast 2021-2026
• Exhibit 36: Chart on Food processing - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Food processing - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Food processing - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Food processing - Year-over-year growth 2021-2026 (%)

• 5.6 Chemical processing - Market size and forecast 2021-2026
• Exhibit 40: Chart on Chemical processing - Market size and forecast 2021-2026 ($ million)
• Exhibit 41: Data Table on Chemical processing - Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Chart on Chemical processing - Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on Chemical processing - Year-over-year growth 2021-2026 (%)

• 5.7 Others - Market size and forecast 2021-2026
• Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.8 Market opportunity by Application 
• Exhibit 48: Market opportunity by Application ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 50: Chart on Market share by geography 2021-2026 (%)
• Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 52: Chart on Geographic comparison
• Exhibit 53: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026
• Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026
• Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 India - Market size and forecast 2021-2026
• Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.10 China - Market size and forecast 2021-2026
• Exhibit 82: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026
• Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 UK - Market size and forecast 2021-2026
• Exhibit 90: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 91: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 92: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 93: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 95: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 97: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 98: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 99: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 100: Matrix on vendor position and classification

• 10.3 Akzo Nobel NV 
• Exhibit 101: Akzo Nobel NV - Overview
• Exhibit 102: Akzo Nobel NV - Business segments
• Exhibit 103: Akzo Nobel NV - Key news
• Exhibit 104: Akzo Nobel NV - Key offerings
• Exhibit 105: Akzo Nobel NV - Segment focus

• 10.4 BASF SE 
• Exhibit 106: BASF SE - Overview
• Exhibit 107: BASF SE - Business segments
• Exhibit 108: BASF SE - Key news
• Exhibit 109: BASF SE - Key offerings
• Exhibit 110: BASF SE - Segment focus

• 10.5 Beckers Group 
• Exhibit 111: Beckers Group - Overview
• Exhibit 112: Beckers Group - Product / Service
• Exhibit 113: Beckers Group - Key offerings

• 10.6 DAIKIN INDUSTRIES Ltd. 
• Exhibit 114: DAIKIN INDUSTRIES Ltd. - Overview
• Exhibit 115: DAIKIN INDUSTRIES Ltd. - Business segments
• Exhibit 116: DAIKIN INDUSTRIES Ltd. - Key offerings
• Exhibit 117: DAIKIN INDUSTRIES Ltd. - Segment focus

• 10.7 DuPont de Nemours Inc. 
• Exhibit 118: DuPont de Nemours Inc. - Overview
• Exhibit 119: DuPont de Nemours Inc. - Business segments
• Exhibit 120: DuPont de Nemours Inc. - Key offerings
• Exhibit 121: DuPont de Nemours Inc. - Segment focus

• 10.8 Nippon Paint Holdings Co. Ltd. 
• Exhibit 122: Nippon Paint Holdings Co. Ltd. - Overview
• Exhibit 123: Nippon Paint Holdings Co. Ltd. - Business segments
• Exhibit 124: Nippon Paint Holdings Co. Ltd. - Key offerings
• Exhibit 125: Nippon Paint Holdings Co. Ltd. - Segment focus

• 10.9 PTFE Applied Coatings 
• Exhibit 126: PTFE Applied Coatings - Overview
• Exhibit 127: PTFE Applied Coatings - Product / Service
• Exhibit 128: PTFE Applied Coatings - Key offerings

• 10.10 The Chemours Co. 
• Exhibit 129: The Chemours Co. - Overview
• Exhibit 130: The Chemours Co. - Business segments
• Exhibit 131: The Chemours Co. - Key news
• Exhibit 132: The Chemours Co. - Key offerings
• Exhibit 133: The Chemours Co. - Segment focus

• 10.11 The Valspar Corp. 
• Exhibit 134: The Valspar Corp. - Overview
• Exhibit 135: The Valspar Corp. - Product / Service
• Exhibit 136: The Valspar Corp. - Key offerings

• 10.12 TIGER Coatings GmbH and Co. KG 
• Exhibit 137: TIGER Coatings GmbH and Co. KG - Overview
• Exhibit 138: TIGER Coatings GmbH and Co. KG - Product / Service
• Exhibit 139: TIGER Coatings GmbH and Co. KG - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 140: Inclusions checklist
• Exhibit 141: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 142: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 143: Research methodology
• Exhibit 144: Validation techniques employed for market sizing
• Exhibit 145: Information sources

• 11.5 List of abbreviations 
• Exhibit 146: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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