Global Fluoropolymer Coating Additives Market Worth $1703.02 Million by 2018
FORT WORTH, Texas, November 26, 2014 /PRNewswire/ --
The global fluoropolymer coating additives market report defines and segments the coating additives market to provide industry growth trends and revenue forecasts. It estimates the global market to reach a value of $1,703.02 million by 2018, exhibiting CAGR of 7.8% from 2013 to 2018.
Browse through the TOC of the global fluoropolymer coating additives market report, for in-depth analysis of industry trends and segments, supported by various tables and figures.
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Coating additives are specifically engineered chemicals, resins, or metal derivatives, which help in improving the performance of coatings. Fluoropolymers-based coating additives are used in formulation of powder and paint coatings in order to give protection of substrate from high temperature, chemical reaction, and corrosion. They are generally used in industrial applications where the substrates are exposed to harsher environments. The favorable characteristics of fluoropolymer additives make it a preferred solution for applications that require high resistance to solvents, acids & bases, and most importantly, an ability to significantly reduce friction.
Key Players analyzed in this report for the global fluoropolymer coating additives market include BASF SE, Arkema S.A., Evonik Industries, Byk-Chemie GmbH, Cabot Corporation, Dow Chemical, and Ashland Inc.
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In comparison to other coating additives, fluoropolymer-based additives are costlier. Hence, they are used in limited quantities and specialized purposes. Resistance at high temperatures, corrosion, and chemical inertness are major characteristics of these materials. Under the fluoropolymers category, polytetrafluoroethylene (PTFE), polyvinylidene fluoride (PVDF), and fluorinated ethylene propylene (FEP) are commonly used. According to the report, the demand for these additives is expected to be driven by the applications requiring high temperature resistance, chemical inertness, toughness, and water repellant function.
The key regions participating in the global market covered in this report include Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. According to the report, Asia-Pacific holds the largest share in the global market and is projected to continue its dominance in the coming years. The report covers major applications of the global fluoropolymer coating additives market such as industrial applications, bedding & furniture, construction, and automotive paints, among others.
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