DUBLIN, Aug. 4, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/xrcwkf/global) has announced the addition of the "Global Polyvinylidene Fluoride Coating Market by Application (Food Processing, Building & Construction, Electrical & Electronics, Chemical Processing, Others), by Geography (North America, Europe, Asia-Pacific, RoW) - Analysis and Forecast to 2019" report to their offering.
The global Polyvinylidene Fluoride coating market, by application, was valued at $141.9 million in 2014 and is projected to reach $199.3 million by 2019, at a CAGR of 7.0% during the forecast period 2014 to 2019.
It is projected to reach a volume of 8,289.3 KT by 2019, at a CAGR of 6.1% during the given forecast period. In 2014, the food processing application recorded the highest consumption of global Polyvinylidene Fluoride coating, having recorded a consumption of 2,676.9 tonnes. Globally, in 2014, the Asia-Pacific region led this market having recorded a consumption of 2,824.4 tonnes.
Polyvinylidene Fluoride coatings are one of the most common types of industrial coatings in use today. It has excellent chemical resistance, weather resistance, is a thick film barrier coating, and is suitable for coating metallic and fabric or fiber reinforced laminates.
PVDF coating has advantages such as excellent resistance to abrasions and wear, is unaffected by most chemicals and solvents, has high dielectric strength, is resistant to weathering, and can extinguish itself in the case of a fire, increasing its demand and many manufacturers such as HaloPolymer OJSC (Russia), DuPont (U.S.), and Daikin Industries Limited (Japan) are undergoing expansion plans.
PVDF coatings have been widely accepted in the building & construction industry because of low maintenance cost, gloss and color retention and stain resistance properties. PVDF coatings also possess excellent coating tensile strength and elongation, which enables them to bend and roll without causing damage to the coating or loss of protection to the metal substrate. Besides this, it is now-a-days widely used in end-user markets for example, food processing, chemical processing and electrical and electronics.
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 PVDF coating market.
In 2014, the Asia-Pacific region dominated the global market for PVDF coating, having accounted for a 34.9% market share by value followed by North America. The major reason for the growth of PVDF coating market in this region is the growing demand from end-users, the expansions by the key players such as Daikin Industries Ltd. (Japan), and the excellent properties of PVDF coating.
The global PVDF coating market has been broadly classified on the basis of application and region. The applications are segmented into building and construction, chemical processing and electrical and electronics, and other applications.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Pvdf Coating Market, By Application
6 Pvdf Coating Market, By Geography
7 Pvdf Coating Market: Competitive Landscape
8 Pvdf Coating Market, By Company
- 3M (U.S.)
- AGC Group (Japan)
- BASF SE (Germany)
- Daikin Industries Limited (Japan)
- Dongyue Group Limited (China)
- DuPont (U.S.)
- HaloPolymer OJSC (Russia)
- Metal Coatings Corporation (U.S.)
- Whitford Corporation (U.S.)
For more information visit http://www.researchandmarkets.com/research/xrcwkf/global
Laura Wood, +353-1-481-1716, email@example.com
SOURCE Research and Markets