Market Overview:
The global fluoropolymer powder coating market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for fluoropolymer powder coatings from the automotive and architectural industries. In addition, the growing demand for consumer goods coated with fluoropolymer powder coatings is also contributing to the growth of this market. The thermoplastic powder coatings segment is expected to dominate the global fluoropolymer powder coating market during the forecast period. This segment is projected to grow at a CAGR of 6% from 2018 to 2030. The thermosetting powder coatings segment is projected to grow at a CAGR of 4% during the same period. Asia Pacific accounted for majority share of 43% in 2017 and it is anticipated that Asia Pacific will continue its dominance throughout forecast period owing rapid industrialization and urbanization in countries such as China, India, Japan, South Korea and Taiwan etc., followed by Europe region with around 26%.
Product Definition:
The definition of fluoropolymer powder coating is a type of paint that is made up of polymers that contain fluorine. This type of paint is often used for protecting metal surfaces from corrosion and wear. Fluoropolymer powder coatings are also known for their high scratch and chemical resistance, making them a popular choice for industrial applications.
Thermoplastic Powder Coatings:
Thermoplastic powder coatings are widely used in the construction industry for exterior and interior applications. They offer several advantages over conventional coating materials such as low VOC content, durability, and high resistance to extreme temperature conditions. Thermoplastic powder coatings are made from raw materials such as polymers, resins & additives which contain a significant amount of plasticizer & solvents along with pigments & fillers.
Thermosetting Powder Coatings:
Thermosetting powder coatings are high-performance, heat resistant coating materials made from combining two or more substances. The most commonly used thermosetting polymers are Polyvinyl Chloride (PVC) and Fluoropolymer.
Application Insights:
The other application segment includes industrial machinery & equipment, medical devices, aerospace components and semiconductor manufacturing. The product has a wide range of applications in these industries owing to its properties such as lightweight, corrosion resistance and high temperature stability. In addition, it offers superior heat resistance along with excellent chemical resistance which makes it ideal for manufacturing aircraft parts and surgical instruments.
Consumer goods was the largest application segment accounting for over 30% of the global market share in 2017 due to rising demand from electronics industry products that use fluoropolymer powder coatings as an inhibitor coating solution. These coatings prevent moisture penetration into electronic devices which helps maintain device performance over a longer period of time.
Regional Analysis:
Asia Pacific was the largest market in 2017 and accounted for a revenue share of over 39%. The region is expected to continue its dominance over the forecast period. This can be attributed to growing automobile production, consumer goods manufacturing, and construction activities in emerging economies such as China, India, Indonesia among others.
The Asia Pacific economy is characterized by rapid urbanization along with increasing per capita income levels that have triggered the demand for consumer electronics including smartphones and laptops among consumers. This has led to an increase in product sales which will further drive fluoropolymer powder coating demand from 2018 to 2030.
North America emerged as the second-largest regional market due to high automotive production coupled with growing construction output especially after 2016’s U.S.-based El Nino weather event that affected California severely thereby boosting home remodeling activities across U.S.
Growth Factors:
- Increasing demand from automotive and aerospace industries
- Growing demand for lightweight and corrosion-resistant coatings
- Rising popularity of powder coating as a replacement for liquid coatings
- Technological advancements in the field of fluoropolymer powder coating
- Growing awareness about the benefits of fluoropolymer powder coatings
Scope Of The Report
Report Attributes
Report Details
Report Title
Fluoropolymer Powder Coating Market Research Report
By Type
Thermoplastic Powder Coatings, Thermosetting Powder Coatings
By Application
Consumer Goods, Automotive, Architectural, Other
By Companies
AkzoNobel, PPG Industries, Sherwin-Williams, Valspar Corporation, Jotun, Axalta Coating Systems, Kansai Paint, Nippon Paint, DSM, Evonik Industries, AkzoNobel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Fluoropolymer Powder Coating Market Report Segments:
The global Fluoropolymer Powder Coating market is segmented on the basis of:
Types
Thermoplastic Powder Coatings, Thermosetting Powder Coatings
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Goods, Automotive, Architectural, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AkzoNobel
- PPG Industries
- Sherwin-Williams
- Valspar Corporation
- Jotun
- Axalta Coating Systems
- Kansai Paint
- Nippon Paint
- DSM
- Evonik Industries
- AkzoNobel
Highlights of The Fluoropolymer Powder Coating Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Thermoplastic Powder Coatings
- Thermosetting Powder Coatings
- By Application:
- Consumer Goods
- Automotive
- Architectural
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fluoropolymer Powder Coating Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fluoropolymer powder coating is a type of paint that is made up of small, uniform particles of fluoropolymer. The particles are so small that they can be sprayed into the air and then spread around by the wind. This makes it an excellent choice for use on surfaces that are often exposed to the elements, such as metal roofs or exterior walls.
Some of the key players operating in the fluoropolymer powder coating market are AkzoNobel, PPG Industries, Sherwin-Williams, Valspar Corporation, Jotun, Axalta Coating Systems, Kansai Paint, Nippon Paint, DSM, Evonik Industries, AkzoNobel.
The fluoropolymer powder coating market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fluoropolymer Powder Coating Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fluoropolymer Powder Coating Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fluoropolymer Powder Coating Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fluoropolymer Powder Coating Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fluoropolymer Powder Coating Market Size & Forecast, 2020-2028
4.5.1 Fluoropolymer Powder Coating Market Size and Y-o-Y Growth
4.5.2 Fluoropolymer Powder Coating Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Thermoplastic Powder Coatings
5.2.2 Thermosetting Powder Coatings
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Consumer Goods
6.2.2 Automotive
6.2.3 Architectural
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fluoropolymer Powder Coating Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fluoropolymer Powder Coating Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Thermoplastic Powder Coatings
9.6.2 Thermosetting Powder Coatings
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Consumer Goods
9.10.2 Automotive
9.10.3 Architectural
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Thermoplastic Powder Coatings
10.6.2 Thermosetting Powder Coatings
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Consumer Goods
10.10.2 Automotive
10.10.3 Architectural
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Thermoplastic Powder Coatings
11.6.2 Thermosetting Powder Coatings
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Consumer Goods
11.10.2 Automotive
11.10.3 Architectural
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Thermoplastic Powder Coatings
12.6.2 Thermosetting Powder Coatings
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Consumer Goods
12.10.2 Automotive
12.10.3 Architectural
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Thermoplastic Powder Coatings
13.6.2 Thermosetting Powder Coatings
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Consumer Goods
13.10.2 Automotive
13.10.3 Architectural
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fluoropolymer Powder Coating Market: Competitive Dashboard
14.2 Global Fluoropolymer Powder Coating Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AkzoNobel
14.3.2 PPG Industries
14.3.3 Sherwin-Williams
14.3.4 Valspar Corporation
14.3.5 Jotun
14.3.6 Axalta Coating Systems
14.3.7 Kansai Paint
14.3.8 Nippon Paint
14.3.9 DSM
14.3.10 Evonik Industries
14.3.11 AkzoNobel
