Perfluoroalkoxy Coatings Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Perfluoroalkoxy Coatings Market Analysis
The market for perfluoroalkoxy (PFA) coatings is expected to grow at a CAGR of more than 4% during the forecast period. Major factors driving the market studied are increasing oil and gas activities.
- Emerging applications in the optical fiber industry are likely to act as an opportunity.
- North America dominated the market across the globe with the largest consumption from United States.
Perfluoroalkoxy Coatings Market Trends
This section covers the major market trends shaping the Perfluoroalkoxy Coatings Market according to our research experts:
Semiconductors Segment to Contribute Significant Demand to the Market
- The semiconductor industry is heavily dependent on PFA coatings as these coatingscan hold and transport the harsh chemicals used in the manufacturing process.
- The integrated circuits of semiconductors are manufactured using processes such as photolithography, etching, cleaning, thin film deposition, and polishing. It takes some 270 chemicals and gasses to produce an integrated circuit.
- Many of these are extremely corrosive which include nitric acid, hydrochloric and hydrofluoric acid, and ozone. Metals will corrode when exposed to these chemicals, producing unacceptable levels of particulates and equipment failures, but PFA coatings provide efficient solutions where excellent electrical properties, high ionic purity and the ability to withstand a wide range of temperatures is essential.
- The ultra-pure grade PFA coatings are well suited for applications in the semiconductor industry where it is used in the manufacture of wafer carriers, tubing, fittings and pump parts which are optimal for transporting high-purity chemicals in semiconductor manufacturing.
- Special grades of PFA coatings are being developed to meet the rigorous demands of the semiconductor industry which is involved in the production of electronic equipment such as personal computers, cellular phones, LCD, plasma and LED displays.
- Such factors are likely to increase the demand for the market over the forecast period.
North America Region to Dominate the Market
- North America represented the largest regional market for global perfluoroalkoxy (PFA) coatings market.
- This immense demand for perfluoroalkoxy (PFA) coatings is a consequence of the growing trends of fiber optics, chemical processing and oil & gas industries in the region. In North America, the United States provides the major market for the perfluoroalkoxy (PFA) coatings with more than 80% of the regional market share.
- The development of shale gas has created a definitive advantage for US chemical manufacturing.
- Looking ahead over the next five years, production from the unprecedented investment in US chemical manufacturing will continue to come online, with the largest gains expected in the forecast period.
- This scenario is expected to increase the demand for perfluoroalkoxy (PFA) coatings in the nearby future.
- The large market size coupled with the huge growth of North America is quite instrumental in the expansion of the global perfluoroalkoxy (PFA) coatings market.
Perfluoroalkoxy Coatings Industry Overview
The perfluoroalkoxy (PFA) coatings market is partially consolidated. Major players include AGC Inc., Polyfluor Plastics bv, DAIKIN INDUSTRIES, Ltd., The Chemours Company, 3M, and Solvay, among others.
Perfluoroalkoxy Coatings Market Leaders
AGC Inc.
DAIKIN INDUSTRIES, Ltd
The Chemours Company
3M
Solvay
*Disclaimer: Major Players sorted in no particular order
Perfluoroalkoxy Coatings Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Oil and Gas Activities
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Rising Environmental Concerns and Stringent EPA Regulations
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4.3 Industry Value-Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Application
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5.1.1 Oil and Gas
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5.1.2 Chemical Processing Industry
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5.1.3 Fiber Optics
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5.1.4 Semiconductor
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5.1.5 Cookware & Bake-ware Coatings
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5.1.6 Electrical Insulation
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5.1.7 Others
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5.2 Geography
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5.2.1 Asia-Pacific
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5.2.1.1 China
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5.2.1.2 India
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5.2.1.3 Japan
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5.2.1.4 South Korea
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5.2.1.5 Rest of Asia-Pacific
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5.2.2 North America
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5.2.2.1 United States
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5.2.2.2 Canada
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5.2.2.3 Mexico
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5.2.3 Europe
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5.2.3.1 Germany
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5.2.3.2 United Kingdom
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5.2.3.3 Italy
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5.2.3.4 France
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5.2.3.5 Rest of Europe
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5.2.4 South America
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5.2.4.1 Brazil
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5.2.4.2 Argentina
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5.2.4.3 Rest of South America
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5.2.5 Middle East & Africa
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5.2.5.1 Saudi Arabia
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5.2.5.2 South Africa
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5.2.5.3 Rest of Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/ Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 3M
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6.4.2 AGC Inc.
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6.4.3 DAIKIN INDUSTRIES, Ltd
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6.4.4 Edlon
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6.4.5 Fluorocarbon Surface Technologies
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6.4.6 Hubei Everflon Polymer CO., Ltd
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6.4.7 Impreglon UK Limited
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6.4.8 INOFLON
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6.4.9 Marcote UK LTD
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6.4.10 MBI Coatings
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6.4.11 Solvay
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6.4.12 Tefcoat
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6.4.13 The Chemours Company
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6.4.14 Toefco Engineered Coating Systems, Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Emerging Applications in the Optical Fiber Industry
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7.2 Other Opportunities
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Perfluoroalkoxy Coatings Industry Segmentation
The perfluoroalkoxy (PFA) coatings market report includes:
| Application | |
| Oil and Gas | |
| Chemical Processing Industry | |
| Fiber Optics | |
| Semiconductor | |
| Cookware & Bake-ware Coatings | |
| Electrical Insulation | |
| Others |
| Geography | |||||||
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Perfluoroalkoxy Coatings Market Research FAQs
What is the current Perfluoroalkoxy (PFA) Coatings Market size?
The Perfluoroalkoxy (PFA) Coatings Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Perfluoroalkoxy (PFA) Coatings Market?
AGC Inc., DAIKIN INDUSTRIES, Ltd, The Chemours Company, 3M and Solvay are the major companies operating in the Perfluoroalkoxy (PFA) Coatings Market.
Which is the fastest growing region in Perfluoroalkoxy (PFA) Coatings Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Perfluoroalkoxy (PFA) Coatings Market?
In 2024, the Asia Pacific accounts for the largest market share in Perfluoroalkoxy (PFA) Coatings Market.
What years does this Perfluoroalkoxy (PFA) Coatings Market cover?
The report covers the Perfluoroalkoxy (PFA) Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Perfluoroalkoxy (PFA) Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
PFA Coating Industry Report
Statistics for the 2024 PFA Coating market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. PFA Coating analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
