“The global PVDF coating market report defines and segments the concerned market with analysis and forecast of revenue. This market was valued at $176.5 million in 2014 and is projected to reach $241.4 million by 2019, at a CAGR of 6.5% during the forecast period 2014 to 2019. By consumption, this market, was at a volume of 7,742.6 tonnes in 2014 and is projected to reach a volume of 10,137.1 tonnes by 2019, at a CAGR of 5.5% during the given forecast period. In 2014, the food processing application recorded the highest consumption of global PVDF coating, having recorded a consumption of 2,676.9 tonnes.
Globally, in 2014, the Asia-Pacific region led this market having recorded a consumption of 2,824.4 tonnes. Companies such as Dongyue Group Limited (China) and Daikin Industries Ltd. (Japan) have undergone acquisitions and expansions as a result of the increasing consumption in the Asia-Pacific region. Acquisitions and expansions are the major strategies adopted by most market players to achieve growth in the PVDF coating market.
In this report, the global PVDF coating market has been broadly classified on the basis of application, and geography. The applications are segmented into food processing, chemical processing, electrical and electronics, and building and construction. On the basis of geography, the market is segmented by the regions, Asia-Pacific, North America, Europe, and rest of the world.
The major participants in the global PVDF coating market are Arkema SA (France), Dongyue Group Limited (China), HaloPolymer OJSC (Russia), DuPont (U.S.), AGC Group (Japan), Metal Coatings Corporation (U.S.), 3M (U.S.), Whitford Corporation (U.S.), BASF SE (Germany), and Daikin Industries Limited (Japan), among others. The global PVDF coating market is a competitive market with a number of players. As of 2014, the global PVDF coating market was majorly dominated by DuPont (U.S.) and Daikin Industries Limited (Japan) with a share of 24.0% and 12.0% respectively.
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