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Non-stick Coatings Market Size Potential Growth, Share, Demand and Analysis of Key Players- Research Forecasts to 2024

Author : Ronak Bora | Published Date : 2019-05-27 

The demand for Global Non-stick Coatings Market Size is anticipated to be high for the next five years. By considering this demand we provide latest industry report which gives complete industry analysis, market outlook, size, growth and forecast till 2024. This report will assist in analyzing the current and future business trends, sales and revenue forecasts.

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.

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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.

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.

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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.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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