Fluoropolymer Coating Market size is set to reach USD 342 billion by the end of 2035, growing at a CAGR of 7% during the forecast timeframe i.e., 2023 – 2035. In the year 2022, the industry size of fluoropolymer coating was USD 67 billion. The market growth is due to increasing demand for fluoropolymer coatings in the food sector. Additionally, high-performance fluoropolymers are essential for use in food and beverage industry applications to provide a safe and effective manufacturing environment. For instance, fluoropolymers play an important role in extending the life of various items such as flexible plastic food packaging. According to research, flexible plastic packaging makes up more than 28% of total global packaging.
Other factors that are expected to drive the growth of the fluoropolymer coatings market include its increasing use in paints. Fluoropolymer coatings help improve the longevity of paints, sealants, and adhesives with their desirable combination of weather ability, corrosion resistance, chemical inertness, flame retardancy, non-stick properties, and low friction. Such as fluoropolymer coatings have high dielectric constants. It can extend both the paint interval and the life of the exterior paint.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023 – 2035 |
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CAGR |
~7% |
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Base Year Market Size (2022) |
~USD 67 billion |
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Forecast Year Market Share (2035) |
~USD 342 billion |
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Regional Scope |
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Application (Food Processing, Automotive, Electrical & Electronics, Chemical Processing, Building & Construction)
The building & construction segment in the fluoropolymer coating market is set to witness the largest revenue share of 35% by the end of 2035. The growth of this segment is due to increasing urbanization. Economic expansion has led to an increase in skyscraper development in many large and medium-sized cities. Lower mortgage rates and a shift in housing preference towards larger apartments have increased demand for new construction and home renovations in all developing regions. The World Bank estimates that by 2045, an additional 6 billion people will live in cities around the world.
Type [Polyvinylidene Fluorine (PVDF), Polytetrafluoroethylene (PTFE), Ethylene Tetrafluoroethylene (ETFE), Fluorinated Ethylene Propylene (FEP)]
Fluoropolymer coating market from the polyvinylidene fluoride segment is poised to observe a noteworthy revenue in the predicted period. Polyvinylidene fluoride (PVDF) is a semi-crystalline thermoplastic fluoropolymer used primarily in applications requiring high purity and resistance to solvents, acids, and hydrocarbons. Moreover, the adoption rate of renewable PVDF is high, which is expected to drive the growth of the segment in the market. PVDF is used in the chemical, architectural coatings, electronics, and aerospace industries
Our in-depth analysis of the global market includes the following segments:
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Application |
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Type |
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APAC Market Forecasts
The Asian Pacific fluoropolymer coating market is projected to hold the largest market share of 33% by the end of 2035. The growth of the market can be attributed majorly to the rising demand for infrastructure in countries such as China, India, and Japan. With the help of infrastructure, individuals can obtain the services they desire and need, including power for heating, cooking, and lighting, as well as water and sanitary facilities. The titans of the developing world are China and India, with more than a third of the world's population. Therefore, infrastructure is in high demand and will continue to rise, especially as cities become more populated in developing regions. According to data, Asia will be home to more than 5 of the top 10 megacities by 2025.
Europe Market Statistics
The European fluoropolymer coating market is set to grow substantially during the time period between 2023 – 2035. The growth of the market can be attributed majorly to the increasing application of fluoropolymers in the region. They are used in transportation, chemical and powder, cookware, electronics, food and pharmaceuticals, textiles and architecture, medical use, renewable energy, and other industries. Further, fluoropolymers are employed in a variety of medical applications as they function well and extend the operational lifetime of medical equipment such as filters, pumps, catheters, and guide wires. In addition, there is a considerable market for commercial vehicles such as large trucks as well as for agriculture and construction equipment.
Author Credits: Smruti Ranjan, Rajrani Baghel
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