Global Fluorocarbon Coating Market 2019-2023 | 10% CAGR Projection over the Next Five Years | Technavio

Date : 04/15/2019 @ 3:10PM
Source : Business Wire

Global Fluorocarbon Coating Market 2019-2023 | 10% CAGR Projection over the Next Five Years | Technavio

The global fluorocarbon coating market is expected to post a CAGR of nearly 10% during the forecast period 2019-2023, according to the latest market research report by Technavio.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190415005255/en/

Technavio has published a new market research report on the global fluorocarbon coating market from 2019-2023. (Graphic: Business Wire)

Fluorocarbon coatings are widely used in automotive components to improve the operational life of the vehicle. Fluorocarbon coatings reduce corrosion, provide good resistance to various fluids, and resist chipping and flaking of vehicle components. Fluorocarbon coatings in the form of PTTE, PFA, and FEP are used to coat engine components to protect them from external elements. The growing demand for automobiles across the globe will drive the market’s growth during the forecast period.

This market research report on the global fluorocarbon coating market 2019-2023 provides an analysis of the most important trends expected to impact the market outlook during the forecast period.

In this report, Technavio highlights the growing medical devices market as one of the key emerging trends in the global fluorocarbon coating market.

Global fluorocarbon coating market: Growing demand for medical devices

The medical devices industry highly prefers fluorocarbon coatings because of its favorable properties such as high-purity, excellent chemical inertness, and biocompatibility among others. Fluorocarbon coatings such as PTFE, FEP, and PVDF are used in the manufacture of catheters, containment vessels, syringes, and surgical sutures. PVDF offers excellent dimensional and UV stability, better permeable resistance, and high tensile strength. The increasing use of medical devices such as tubes, pumps, catheters, syringes, etc., that require fluorocarbon coating will boost the market’s growth during the forecast period.

“Many vendors are increasing their production capacities to meet the demand from end-user industries. For instance, Arkema increased its PVDF fluoropolymer capacity in China to serve its Asian base. Similarly, The Chemours Company increased the production capacity of its high-performance polymer Teflon branded PFA to cater to the demand for fluoropolymers in the telecom industry. The increase in many such production capacities by vendors will drive the demand for global fluorocarbon coating market during the forecast period”, says an analyst at Technavio.

Global fluorocarbon coating market: Segmentation analysis

This market report segments the global fluorocarbon coating market by type (PTFE, PVDF, FEP, FEVE, and others), technology (solvent-borne and waterborne) and geography (APAC, Europe, MEA, North America, and South America).

APAC led the market in 2018 with a market share of 35%, followed by North America, Europe, MEA, and South America respectively. The dominance of APAC can be attributed to the presence of leading automotive manufacturers such as MARUTI SUZUKI INDIA LIMITED, Hyundai Motor Company, Nissan, Toyota Motor Thailand, and others.

Looking for more information on this market? Request for a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

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 10,000 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.

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200www.technavio.com

Your Recent History
TSX
BCE
BCE Inc
TSX
IVN
Ivanhoe Mi..
FX
CADUSD
Canadian D..
USOTC
XUII
Xumanii In..
FX
EURCAD
Euro vs Ca..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:ca D:20190419 11:19:24