Global Fluorocarbon Coating Market 2019-2023 | 10% CAGR Projection over the Next Five Years | Technavio
April 15 2019 - 9:10AM
Business Wire
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.
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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.
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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
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version on businesswire.com: https://www.businesswire.com/news/home/20190415005255/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com