Market Analysis: Global Non-Stick Coatings Market
Global non-stick coatings market is expected to rise to an estimated value of USD 678.02 million by 2026, registering a steady CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rise in the usage of product from the food processing industry vertical.
Additionally, for creating the Global Non-Stick Coatings Market report, different steps for a social occasion, examining and recording the information and data are utilized. This collected data is checked by the market specialists before offering it to the end client. These include most recent trends, market trends, new market passage, industry forecasting, target market analysis, future direction, opportunity, vital examination, insights and development. This Global Non-Stick Coatings Market report involves essential, auxiliary and propelled data identified with the worldwide status, ongoing patterns, market size, sales volume, market share, development, future trends analysis, segment and forecasts from 2018 – 2025.
In this Global Non-Stick Coatings Market report, market analysis and market division are done regarding markets secured, geographic degree, years considered for the investigation, currency and estimating, inquire about, essential meetings with key conclusion pioneers DBMR market position grid, DBMR market challenge matrix. This Global Non-Stick Coatings Market report incorporates several market perspectives, for example, market estimates and forecasts, several methodologies, opportunity, analysis, market positioning and item positioning. No stone is left unturned about the market research analysis while producing and introducing this market research report to the customers which fulfil their expectation.
Non-stick coatings are specialised chemical compounds that are applied on substrate of components so that the sticking ability of that component is reduced towards other materials. The most widespread application of this type of coatings is in food processing or in cookware, where the surface of this cookware is reengineered so that various materials utilized on these substrates do not stick to it.
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Key Market Competitors: Global Non-Stick Coatings Market
Few of the major competitors currently working in non-stick coatings market are DowDuPont; Metallic Bonds, Ltd.; 3M; SHOWA DENKO K.K.; AGC Inc.; PPG Industries, Inc.; Gujarat Fluorochemicals Ltd.; Akzo Nobel N.V.; DAIKIN INDUSTRIES, Ltd.; Orion Industries Incorporated; Metal Coatings; Dongyue Group; The Chemours Company; Juhua Group Corporation; Solvay; Chenguang Biotech Group Co.,Ltd; MBI Coatings; GREBE Holding GmbH; Shanghai 3F New Material Co., Ltd.; Arkema; Shamrock Technologies, Inc. and the Mitsubishi Chemical Advanced Materials group of companies.
Global non-stick coatings market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of non-stick coatings market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
- High rate of adoption of non-stick cookware products globally is expected to drive the market growth
- Rise in the growth of the end-use industrial vertical such as cookware, food processing which contribute as the major share of usage of this products are factors driving the growth of the market
- Concerns regarding prolonged usage of these coatings on the health is expected to restrain the growth of the market
- Increasing presence in the availability of substitutes are factors expected to restrain the growth of the market
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Segmentation: Global Non-Stick Coatings Market
- Polytetrafluoroethylene (PTFE)
- Fluorinated Ethylene Propylene (FEP)
- Perfluoroalkoxy (PFA)
- Aqueous Dispersion
- Polytetrafluoroethylene (PFA) Pellets
- Polytetrafluoroethylene (PFA) Powder Varieties
- Food Processing
- Fabrics & Carpets
- Electrical & Electronics
- Industrial Machinery
- North America
- South America
- Middle East and Africa
Key Developments in the Market:
- In March 2019, PPG Industries, Inc. announced that they had completed the acquisition of Whitword Worldwide Company. This acquisition will help in expansion of product portfolio for low-friction and non-stick coatings for various industrial vertical.
- In November 2016, SHOWA DENKO K.K. announced that they had acquired GMM Group. With this acquisition, SHOWA DENKO K.K. has expanded the non-stick coatings chemicals and product offerings significantly along with their capabilities in producing and offering the innovative products from the same due to the expertise of GMM Group.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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