Feve Coatings Market - Forecast(2024 - 2030)

Feve Coatings Market is forecast to reach $XX billion by 2025, after growing at a CAGR of 4.2% during 2020-2025. It is the wider variety of gloss that ensures a lighter paint spectrum and retention for FEVE coatings than its PVDF opposition. FEVE based coatings give producers the versatility of a shop or field application because of their ability to be cured at ambient temperatures. The market growth of Feve coatings will be helped by R&D advancements in new material technologies for coating additives. Furthermore, the total demand over the expected timeframe is rising.

The “Feve Coatings Market report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Feve Coatings Market.

By Product Type: Solvent Based Coatings, Water Based Coatings, Powder Coatings and Others.

By Application: Construction/ Infrastructure, Industrial, Marine, Aerospace, Automotive and Others.

By Geography: North America, South America, Europe, APAC, and RoW.

Water-Based coatings segment held the largest share in the Feve Coatings Market in 2019. Water-based coatings are used due to their low VOC material, longevity, excellent shear strength and high adhesion to various substrates. Coatings based on water are easy to handle and more efficient than other coatings. This element is expected to be powered by the water-based coatings segment during the prediction period.

Construction/Infrastructure dominated the Feve Coatings Market share with more than 4.7% CAGR during the forecast period. In order to provide protection against factors of nature, degradation, abrasion, and impact, FEVE coatings used are essential for the building and construction industry. On steel and other metallic substrates, such as titanium, copper, zinc, and other metals, FEVE coatings may be used. It is acceptable for concrete surfaces as well. At present, in many developing economies of the Asia-Pacific and North American areas, the building and construction industry is a booming sector. This will drive the use of FEVE coatings, such as roof coatings, and will also conserve electricity by solar reflectance and reduce the flow of heat into houses, as well as deter infrastructure failures. The building and construction industry is driven by factors such as growing population and rapid urbanization, and increased buying power. As a result, capital spending is in the planning phase. The segment of non-residential building, which heavily uses FEVE resins, is also increasing, as players are looking to relocate their production bases to the Asia-Pacific region, with the launch of manufacturing plants. Therefore, from the above-mentioned points, the demand for the FEVE fluoropolymers coatings market is projected to increase during the forecast period for building and construction applications.

APAC dominated the Feve Coatings Market share with more than 42.9%, followed by North America and Europe. Due to the large usage of fluoropolymers coatings in various end-use application segments due to their attractive properties, Asia-Pacific is expected to experience healthy growth over the assessment timeframe in the FEVE fluoropolymers industry. This rise in demand is attributed to rising building operations, as they minimize the number of recoats and have a lifetime of 20 + years, along with a high penetration rate from different end-user industries. In addition, due to the abundance of raw materials and low labor costs, many major global players are moving their production units to Asia-Pacific. FEVE fluoropolymers coatings would therefore have a strong user base, as businesses invest in facilities and processing centers for different sectors, ranging from automotive, building and construction, etc.

Used on hundreds of thousands of architectural designs, FEVE resins provide an alternative to conventional coatings for architects with low maintenance. In particular, owing to their potential to be added to a wide variety of architectural materials, such as walls , roofs, doors, canopies, frames, handrails, barriers, pillars, signs, aluminium, steel , concrete, glass and plastic substrates, these resins are used in landscape construction.

For more than 40 years, PVDF has been used successfully in architectural coatings and shows the excellent weather capability obtained with fluoropolymers. The use of fluoropolymers in coatings is sadly constrained by their properties. Fluoropolymers adhesion to substrates is often limited by the same surface features that contribute to stain resistance. In addition, in solvents widely used in the coatings industry, fluoropolymers are not soluble. Fluoropolymers also have to be heated to temperatures above 200C to form a coating or covering, which significantly restricts their possible application in the environment. The application of fluoropolymers to plastics is often limited by high processing temperatures.

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Feve Coatings Market. In 2019, the market of Feve Coatings has been consolidated by the top five players accounting for xx% of the share. Major players in the Feve Coatings Market are PPG Industries Inc., Akzonobel NV, the Sherwin Williams Company, Daikin Industries Ltd, and KCC Corporation, and among others.