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Non-stick Coatings Market - Global Industry Analysis, Forecast, 2017 - 2024

Author: Mayur Yeole
by Mayur Yeole
Posted: Jun 21, 2017

Drivers of Non-stick Coatings Market growth including regional trends, factors driving multiple segments of Non-stick Coatings industry and companies vying for a pie of the market share and size are discussed at length in this new report by Global Market Insights, Inc.

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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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.

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

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.

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.

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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.

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.

Browse Related Report:

Specialty Chemicals Market Size By Product (Agrochemicals, Polymers & Plastic Additives, Construction Chemicals, Electronic Chemicals, Cleaning Chemicals, Surfactants, Lubricants & Oilfield Chemicals, Specialty Coatings, Paper & Textile Chemicals, Adhesives & Sealants, Food Additives), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Russia, Poland, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

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.

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Global Market Insights, Inc.

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About the Author

I currently work as a SEO Analyst in a market consultancy firm. An automobile engineer by education, I have prior experience in automotive manufacturing firms, market research, and business development domains.

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Author: Mayur Yeole

Mayur Yeole

Member since: Jan 16, 2017
Published articles: 97

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