FEVE Fluoropolymer Coatings Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
FEVE Fluoropolymer Coatings Market Analysis
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The building andconstruction segment accounted for the largest share in the market studied. Asia-Pacific dominated the market studied, and is expected to witness the highest CAGR, both in terms of value and volume.
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High costs of some of the FEVE fluoropolymer resins are expected to slightly hinder the market growth.
FEVE Fluoropolymer Coatings Market Trends
This section covers the major market trends shaping the FEVE Fluoropolymer Coatings Market according to our research experts:
Building and Construction – Fastest Growing Application Sector
- FEVE coatings used are crucial to the building and construction sector, to impart protection against elements of nature, corrosion, abrasion, and impact.
- FEVE coatings can be used on steel and other metallic substrates, such as aluminum, copper, zinc, and other metals. It is also suitable for concrete surfaces.
- Currently, the building and construction industry is a thriving industry in several emerging economies of the Asia-Pacific and North American regions. This is going to drive the usage of FEVE coatings, like roof coatings, which also provide energy savings through solar reflectance and reduction of heat transfer into buildings, along with preventing infrastructure failures.
- Factors, such as ever-increasing population and rapid urbanization, and rise in purchasing power, are driving the building and construction industry. As a result, investments in infrastructure are in plans.
- The non-residential construction segment, which highly uses FEVE resins, is also growing, as players are looking to shift their manufacturing bases to the Asia-Pacific region, with manufacturing plants being introduced.
- Thus from the points mentioned above the building and construction applications are expected to increase the demand for the FEVEfluoropolymer coatings market during the forecast period.
Asia-Pacific to Witness Strong Demand
- Asia-Pacific is estimated to witness healthy growth over the assessment period, in the FEVE fluoropolymers market, due to the wide usage of fluoropolymer coatings in numerous end-use application segments, due to their desirable properties.
- Asia-Pacific is the biggest market, with China in the lead, followed by Europe and North America. Although costly, and with Asia-Pacific being a cost-sensitive market, the demand for FEVE fluoropolymer coating is expected to surge in various countries of the region, such as India, Japan, and South Korea.
- This surge in demand is due to increasing construction activities, along with a high adoption rate from various end-user industries, as they decrease the number of recoats and have a lifespan of 20+ years.
- Moreover, many big global players are shifting their manufacturing units to Asia-Pacific, due to the availability of raw materials and cheap labor costs.
- Hence, FEVE fluoropolymer coatings are going to have a good market base, as companies invest in infrastructure and manufacturing hubs for various industries, ranging from automotive, building and construction, etc.
FEVE Fluoropolymer Coatings Industry Overview
The market is consolidated in nature. Some of the Major players in the FEVE coatings market are PPG Industries Inc., AkzoNobel NV, the Sherwin Williams Company, Daikin Industries Ltd, and KCC Corporation.
FEVE Fluoropolymer Coatings Market Leaders
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PPG Industries Inc.
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AkzoNobel NV
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Sherwin-Williams Company
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Daikin Industries Ltd
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KCC Corporation.
*Disclaimer: Major Players sorted in no particular order
FEVE Fluoropolymer Coatings Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Usage of High-performance Coatings
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Competition from Low-priced Protective Coatings Available in the Industry
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4.2.2 Strict Environmental Policies and Regulations
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 End-user Industry
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5.1.1 Industrial
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5.1.2 Building and Construction
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5.1.3 Automotive
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5.1.4 Marine
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5.1.5 Aviation and Aerospace
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5.1.6 Other End-user Industries
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5.2 Geography
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5.2.1 Asia-Pacific
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5.2.1.1 China
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5.2.1.2 India
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5.2.1.3 Japan
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5.2.1.4 South Korea
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5.2.1.5 Australia & New Zealand
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5.2.1.6 Rest of Asia-Pacific
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5.2.2 North America
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5.2.2.1 United States
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5.2.2.2 Canada
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5.2.2.3 Mexico
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5.2.3 Europe
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5.2.3.1 Germany
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5.2.3.2 United Kingdom
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5.2.3.3 The Netherlands
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5.2.3.4 France
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5.2.3.5 Italy
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5.2.3.6 Spain
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5.2.3.7 Rest of Europe
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5.2.4 South America
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5.2.4.1 Brazil
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5.2.4.2 Argentina
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5.2.4.3 Rest of South America
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5.2.5 Middle East & Africa
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5.2.5.1 Saudi Arabia
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5.2.5.2 United Arab Emirates
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5.2.5.3 Qatar
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5.2.5.4 Rest of Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Akzo Nobel N.V.
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6.4.2 DAIKIN INDUSTRIES, Ltd.
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6.4.3 PPG Industries Inc.
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6.4.4 KCC CORPORATION
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6.4.5 Kansai Paint Co., Ltd.
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6.4.6 The Sherwin-Williams Company
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6.4.7 Tnemec
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6.4.8 AGC Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
FEVE Fluoropolymer Coatings Industry Segmentation
The FEVE fluoropolymer coatings market report includes:
| End-user Industry | |
| Industrial | |
| Building and Construction | |
| Automotive | |
| Marine | |
| Aviation and Aerospace | |
| Other End-user Industries |
| Geography | |||||||||
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FEVE Fluoropolymer Coatings Market Research FAQs
What is the current FEVE Fluoropolymer Coatings Market size?
The FEVE Fluoropolymer Coatings Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in FEVE Fluoropolymer Coatings Market?
PPG Industries Inc., AkzoNobel NV, Sherwin-Williams Company, Daikin Industries Ltd and KCC Corporation. are the major companies operating in the FEVE Fluoropolymer Coatings Market.
Which is the fastest growing region in FEVE Fluoropolymer Coatings Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in FEVE Fluoropolymer Coatings Market?
In 2024, the Asia Pacific accounts for the largest market share in FEVE Fluoropolymer Coatings Market.
What years does this FEVE Fluoropolymer Coatings Market cover?
The report covers the FEVE Fluoropolymer Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the FEVE Fluoropolymer Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
FEVE Fluoropolymer Coatings Industry Report
Statistics for the 2024 FEVE Fluoropolymer Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. FEVE Fluoropolymer Coatings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
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