Pune, India -- (SBWIRE) -- 05/24/2018 -- Market Scenario:

Flouropolymer Coating is a mixture of Fluoropolymers with appropriate resins and binders and demonstrate desirable properties such as low surface energies, non-wetting, lubrication, and corrosion resistance. No doubt they find wide applications in a host of industries ranging from construction, oil & gas, automotive and others. The report is an appreciation to the wider applications and the huge market of Flouropolymer Coating so as to enable the user to derive meaningful conclusions. The Global Flouropolymer Coating Market is expected to witness annualized growth of 7.6 % during the forecast period of 2016 to 2023.

Drivers

The growing adoption of Flouropolymer Coatings and the growing number of end user industries are the prime driving factors of the market. A quick look at the global industrial scenario reveals that chemical, electronic, automotive, construction, and other allied industries have excelled in growth and are likely to do so in the future. Thus a stable and growing market is easily comprehendible even to a layman. The desirable attributes of Flouropolymer Coatings such as low coefficients of friction, corrosion, electrical and chemical resistance, anti-galling properties, UV protection and other enhance the life of products which adds to value offered to the end users.

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Product development is the most attractive strategy as revealed by the host of launches. For example, many manufacturers have launched flouropolymer coatings with high color and gloss retention and durability which exceed the American Architectural Manufacturers Association (AAMA) requirements.

The adaption of Flouropolymer Coatings by the medical devices industry is the chief hallmark of the Global Flouropolymer Coatings Market. Flouropolymer Coatings are been rapidly adopted for medical devices such as endoscopic blades, surgical instruments, guidewires, and others thus demonstrating product market extension strategy. Another example of market extension strategy is the cookware industry. PTFE coated cookware demonstrate the lowest coefficients of friction, which has led to rapid adoption and market growth.

Regional Analysis:

North America led by the U.S. is the largest market for Flouropolymer Coating. The developed economy of the U.S. coupled with the innovative and fast adoption of latest technology and products are the prime determinants of the U.S. market.

Europe accounts for the second largest market with the large automotive industry of Germany, Italy, Sweden and others providing growth opportunities. Asia Pacific is expected to generate the fastest growth during the review period on account of expanding economy and industrial base. China followed by India are the fastest growing markets. The oil and natural gas equipment industry of china coupled with the burgeoning construction sector is driving the demand of the Chinese market.

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