Non-Stick Coatings Market worth USD xx million by 2023
Posted by michael on June 14th, 2019
Non-Stick Coatings Market Size and Growth Rate:
The Size of Non-Stick Coatings Market is expected to exceed USD XX million by 2023 and grow at a compound annual rate of XX% from 2018 to 2023.
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Non-Stick Coatings Market Overview:
A non-stick coating is used to reduce the adhesive capacity of other materials. Cookware is a common application of non-stick adhesive that allows foods to heat without sticking. The non-stick surfaces are covered with polytetrafluoroethylene (PTFE) and Teflon. Coatings initially available on the market included ceramics, anodized aluminium, silicone and enamelled cast iron.
The size of the non-stick coatings market is mainly related to its multiple end-use applications in food processing, chemical, electrical and electronic products, as well as in the construction sector. The market is expected to grow at a faster pace due to the rapid growth of the end-user sector. The increased use of products in food processing applications will significantly increase the market. The increasing demand for PTFE coating in the polishing of food and kitchen utensils has supported the boom of the market. The greater processing and chemical development in emerging economies has accelerated the use of the product. The rapid increase in price relative to the PTFE coating volume will feed the market at a higher rate.
Non-Stick Coatings Market Growth Drivers and Restraints:
The first application of this type of coating is the kitchen utensil, which allows the food to cook without sticking to the pan. Uncoated surfaces are used to designate surfaces coated with PTFE or Teflon. The non-stick coating market is growing strongly and is expected to grow further during the forecast period. The main drivers of the global market are the reliability, durability, increasing number of end users and high demand for PTFE coatings in the Asia-Pacific region.
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Non-Stick Coatings Market Geographical Segmentation:
By region, Asia Pacific is the world's largest consumer of non-stick coatings, followed by Europe and North America. In Asia-Pacific, countries such as China and India are expected to have a significant market share during the forecast period. Developments in a multitude of industries such as chemicals, construction, packaging, textiles and food in Japan, Malaysia, Indonesia, South Korea, Australia and New Zealand are also underway.
The market in Europe and North America is mature due to well-established and developed industries. Therefore, it is expected to grow at a moderate pace during the forecast period. In Europe, countries such as France, Germany and the United Kingdom are large consumers of non-stick coatings. New product launches and advances in technology are expected to boost the non-stick market in the region during the forecast period.
Key Players of the Non-Stick Coatings Market:
Key players in the global non-stick coatings market include Shan Dong Dongyue Group (China), The Chemours Company (U.S.), The 3M Company (U.S.), Solvay S.A (Belgium), Chenguang Group (China), Daikin Industries, Ltd. (Japan), Gujarat Fluorochemicals Limited (India), Fuxin Heng Tong Fluorine Chemicals Co. Ltd (China), and others.
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About the Authormichael
Joined: April 4th, 2019
Articles Posted: 31
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