Author: Vikas Kumar
26 February 2022
The global fluoropolymer coating market is expected to showcase growth of ~5% during the forecast period (2021-2027). Over the years industrial production has increased manifold couple with increasing demand of high-performance products among consumers. This has created the demand of high-performance materials like fluoropolymers resins and coatings.
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Over the years, the industrial production has increased manifolds owing to growing population, urbanization, and improving standard of living. This has created demand of product which are not only suffice the general requirement but also safe and provide high-performance. Owing to which companies are focusing on fluoropolymer coatings in order to meet the consumer expectation and provide value addition in the final product. Fluoropolymer coating has non-stick, chemical resistance, non-wetting, corrosion resistance properties. It also has very low dielectric and dissipation factors that provide superior signal insulation to data transmission networks. Therefore, In the era of digital world, where low latency is a must in order to deal with complex data, thus with increasing digitalization demand of fluoropolymer coating is expected to see a robust growth from semiconductor industry. In the light of COVID-19, demand of semiconductor has increased, resulted in supply-chain disruption, as a result industry has taken several initiatives to meet the growing demand, this in turn is expected to increase the demand of fluoropolymer. For instance, in 2021, Taiwan Semiconductor Manufacturing Company (TSMC) announced the plan to spend $100 billion over the next three years to expand its chip fabrication capacity and fund research and development (R&D) of advanced technologies.
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Based on base, the market is categorized into water-based, solvent-based, and others. Depending upon the requirement company use fluoropolymer coatings which have different formulation. Daikin Industries provide a range of fluoropolymer coating which are used in bakeware, cookware, automobile parts, and chemical resistant lining, among others.
Based on type, the market is categorized into PTFE, FEP, ETFE, PVF, PVDF, FEVE, and Others. Among these, PTFE held the lucrative share in the market and is expected to showcase robust growth during the forecast period owing to large and growing application areas. Due to its vast range of properties, it is widely used in aerospace and defense, industrial, cookware, and automotive. Further, advancement in digital technology resulted in the requirement of low-latency network in order to deal with large sets of intricate data. 5G communication technology has the capability to provide high-frequency transmission, however in order to do so low dielectric materials are required in 5G networking equipment’s such as base station filters, high-frequency, high-speed PCB / FPC, 5G chip manufacturing process, and high-frequency connectors, cables, and other areas. PTFE is among the most preferred organic material in 5G networking equipment’s, as it has one of the lowest dielectric constants among organic materials. Therefore, with the increasing deployment and advancement in 5G technology, demand of PTFE is also increase
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For a better understanding of the market adoption of fluoropolymer coating, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific accounted for significant share in the market and is expected to showcase substantial growth during the forecast period owing to large and growing base of end-use industry due to improving consumer spending power, rapid urbanization, and growing demand for better quality products. Further, industrial shift in the region from western economies has increased the demand of fluoropolymer coating in the region.
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Global Fluoropolymer Coating Market Segmentation
Market Insight, by Base
Market Insight, by Type
Market Insight, by End-User
Market Insight, by Region
Top Company Profiles
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