Non-Stick
Coatings Market Size and Growth Rate:
The Size of Non-Stick
Coatings Market is expected to exceed USD XX million by 2023 and grow at a
compound annual rate of XX% from 2018 to 2023.
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Market @ https://www.researchcosmos.com/reports/non-stick-coatings-market/26432880
Non-Stick
Coatings Market Overview:
A non-stick coating is used to
reduce the adhesive capacity of other materials. Cookware is a common
application of non-stick adhesive that allows foods to heat without sticking.
The non-stick surfaces are covered with polytetrafluoroethylene (PTFE) and
Teflon. Coatings initially available on the market included ceramics, anodized aluminium,
silicone and enamelled cast iron.
The size of the non-stick coatings market is
mainly related to its multiple end-use applications in food processing,
chemical, electrical and electronic products, as well as in the construction
sector. The market is expected to grow at a faster pace due to the rapid growth
of the end-user sector. The increased use of products in food processing
applications will significantly increase the market. The increasing demand for
PTFE coating in the polishing of food and kitchen utensils has supported the boom
of the market. The greater processing and chemical development in emerging
economies has accelerated the use of the product. The rapid increase in price
relative to the PTFE coating volume will feed the market at a higher rate.
Non-Stick
Coatings Market Growth Drivers and Restraints:
The first application of this type of coating
is the kitchen utensil, which allows the food to cook without sticking to the
pan. Uncoated surfaces are used to designate surfaces coated with PTFE or
Teflon. The non-stick coating market is growing strongly and is expected to grow
further during the forecast period. The main drivers of the global market are
the reliability, durability, increasing number of end users and high demand for
PTFE coatings in the Asia-Pacific region.
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Non-Stick
Coatings Market Geographical Segmentation:
By region,
Asia Pacific is the world's largest consumer of non-stick coatings, followed by
Europe and North America. In Asia-Pacific, countries such as China and India
are expected to have a significant market share during the forecast period. Developments
in a multitude of industries such as chemicals, construction, packaging,
textiles and food in Japan, Malaysia, Indonesia, South Korea, Australia and New
Zealand are also underway.
The market in
Europe and North America is mature due to well-established and developed
industries. Therefore, it is expected to grow at a moderate pace during the
forecast period. In Europe, countries such as France, Germany and the United
Kingdom are large consumers of non-stick coatings. New product launches and
advances in technology are expected to boost the non-stick market in the region
during the forecast period.
Key Players of the Non-Stick Coatings Market:
Key players in the global non-stick coatings market include Shan Dong Dongyue
Group (China), The Chemours Company (U.S.), The 3M Company (U.S.), Solvay S.A
(Belgium), Chenguang Group (China), Daikin Industries, Ltd. (Japan), Gujarat
Fluorochemicals Limited (India), Fuxin Heng Tong Fluorine Chemicals Co. Ltd
(China), and others.
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