LONDON, June 7, 2016 /PRNewswire/ -- The Global FEP coating market report defines and segments the concerned market with analysis and forecast of revenue. This market was valued at $114.9 million in 2014 and is expected to reach a value of $199.3 million by 2019 at a CAGR of 7.0% from 2014 and 2019. In 2014, the Asia-Pacific region dominated the global market for FEP coating with the largest market share of 36.9% and it is expected to reach $76.9 million by 2019.
In this report, the Global FEP coating market has been broadly classified on the basis of application, and geography. The applications are segmented as food processing, chemical processing, electrical and electronic, and building and construction. On the basic of geography, the market is segmented into regions such as: Asia-Pacific, North America, Europe, and Rest of the World.
In 2014, the Asia-Pacific region recorded the largest market share of 36.9% with projected value of $76.9 million by 2019. Companies such as Dongyue Group Limited (China) and Daikin Industries Ltd. (Japan) have undergone acquisitions and expansions due to the increasing consumption in the Asia-Pacific region. Acquisitions and expansions are the major strategies adopted by most market players to achieve growth in the FEP coating market.
The major participants operating in the Global FEP coating market are Dongyue Group Limited (China), HaloPolymer OJSC (Russia), DuPont (U.S.), AGC Group (Japan), Metal Coatings Corporation (U.S.), 3M (U.S.), Whitford Corporation (U.S.), BASF SE (Germany), and Daikin Industries Limited (Japan), among others. The Global FEP coating market is a competitive market with a number of market players. As of 2014, the Global FEP coating market is majorly dominated by DuPont (U.S.) and Daikin Industries Limited (Japan) with a market share of 24.0% and 12.0% respectively.
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