Non-stick Coatings Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1496
Non-Stick Coatings Market size is mainly driven by its wide end use applications in food processing, chemical processing, electrical and electronics, and building & construction. Non-stick coatings market size is expected to grow at a higher rate as a result of rapid growth in end-user industries which is a key driving factor for the same market. Increase in use of product in food processing application will drive the market significantly.
Rising demand for PTFE covering in polishing food items and cooking utensils has supported the non-stick coatings market size. Rise in chemical processing and development in emerging economies has accelerated the use of product. Rapid increase in price as compared to volume of PTFE covering will fuel the market at higher rate.
Non-stick surfaces is used to diminish the adhesive ability of other materials to stick to it. Prime application of such coating is cookware, which permits food to cook without sticking to the pan. Non-coating surfaces are used to refer surface coated with PTFE or Teflon. Non-stick coatings market is witnessing a strong growth and is expected to observe the same over the forecasted period. The key drivers for PTFE market worldwide, are reliability, durability, growing end-users industries, and high demand of PTFE covering in Asia-Pacific region.
Non-stick coatings market is divided into various designs which include PTFE or Teflon, Ceramic, and Silicone coatings. Teflon coatings cover a major market share, as PTFE have the ability to keep their non-stick characteristics for longer period and, with development in technologies they have become far more resistant to wear over time
Various kinds of Teflon coatings available in the market are classic, prima, select, and Platinum. “Classic” used in advanced two layer coating system with a minimum thickness of 25 microns is value for money with terrific quality for reliable usage. “Select” with a minimum thickness of 35 microns is more durable, offering excellent non-stick properties, advanced in three layer coating system. “Platinum” is employed in three layer coating system with a minimum thickness of 40 microns is abrasion and scratch resistant.
Based on the applications non-stick coatings market can be divided into medical devices, hair straighteners, molds, food processing equipment, electronics, bake ware, semiconductor parts, and chemical processing. Non-stick coatings are majorly consumed by food processing and chemical processing equipment due to its hydrophobic nature and high cosmetic properties.
North America, led by the U.S holds the largest market share due to growing demand for PTFE covering in building & construction industry and chemical processing in this region. Upsurging food and chemical industries will also increase the product market size over the forecasted period. Increasing investment activities in chemical processing industries will boost the non-stick coatings market in this region.
Europe, headed by Italy non-stick coatings market owing to growing consumption of PTFE covering in various processing industries. Significant growth of chemical, electrical & electronics and food industries in the region will upsurge the market. Growing economy and customer base in this region will help market to impel in projected timeframe.
Asia-Pacific region, dominated by China and India non-stick coatings market owing to huge demand for fluoropolymer items in chemical and food processing industries in this region. Growing income and economy has attracted many industries to invest in this region due to high demand of such coatings. Japan, Indonesia, Malaysia, Australia, New Zealand, and South Korea non-stick coatings market is likewise ready to be driven by large number of improvements in textile, chemical, construction, packaging and food industries. Increasing end user applications in food and chemical industry will foster the market in the predicted period.
Non-stick coatings market is moderately concentrated in nature. Some of the leading market players are Daikin Industries, The 3M Company, GMM Development Ltd., Asahi Glass Company, Gujarat Fluorochemicals Ltd., Chenguang Group, Zhejiang Juhua & Co., Chemours Company, HENGTONG FLUORINE, Akzo Nobel, Solvay S.A., E. I. DuPont De Nemours and company, MBI, WEILBURGER, Arekma S.A., Quadrant AG, Shanghai 3F Materials Co. Ltd., Shamrock technologies, and Wujiang City Meilan Rubber & Plastic & Textile Co. Ltd.
In November 2016, Showa Denko K.K, part of Showa Denko Group which operates in field of organic and inorganic materials in Japan has acquired GMM Group operating in non-stick coating chemicals mainly in China and India. Showa Denko has acquired GMM group to expand its market potential growth with a strategic aim to gain the leading position in non-stick coatings market.
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