Global Non-Stick Coatings Market - Segmented by Type, Application, and Geography - Growth, Trends, and Forecast (2022 - 2030)

The non-stick coatings market is expected to witness healthy growth during the forecast period (2018-2023). Non-stick Coatings are used in the applications such as cookware, food processing, fabrics and carpets, medical, others (electrets, armor-piercing bullets, etc.). The market is driven by the factors such as increasing demand for PTFE in cookware applications and growing use of UV cured sol-gel coatings. Increasing alternatives for Teflon coatings and health hazards of using non-stick cookware is expected to hinder the market’s growth. Asia-Pacific region accounts a major market share of the global market.

Increasing Demand for Non-Stick Cookware
Non-stick coatings are widely used in coating the non-stick cookware. People are shifting towards the use of non-stick cookware due to various advantages such as faster cooking process due to uniform distribution of heat, scratch resistance, quality of food, easy cleaning, washing, drying, etc. With the increasing quality of life in the countries such as Finland, Canada, Denmark, Australia, Switzerland, Sweden, Norway, etc., the use of high-quality products is being increased. Asia-Pacific region holds a significant share in the cookware applications with the increasing number of houses and the average household income in the countries such as China and India. All the factors mentioned above, in turn, expected to drive the market for non-stick coatings during the forecast period.

Surge in Usage of Machine Parts
Non-stick coatings are used in the industrial machine parts to reduce the friction between the moving parts. It also increases the corrosion and heat resistance. It is used for various machine parts such as gears, bearings, joints, slide plates, bushings, O-rings, pipe linings, saw blades, etc. Machine parts are majorly used in the manufacturing of machine tools. Machine tools are used in various sectors such as the automotive, auto ancillaries, agriculture, steel, fertilizers, electrical, railways, defence, electronics, telecommunication, textile machinery, etc. In the Automotive industry, machine parts such as gears, bearings, joints, etc. are used in the production of vehicles. The automotive production is increasing from the past decade. In 2017, the automotive production in the world is increased by 2.3% over 2016. Due to these reasons, the production of machine parts increases, in turn, increasing the demand for the non-stick coatings.

Asia-Pacific to Dominate the Market
Asia-Pacific region dominated the global market share in 2017. With the increasing average household incomes, the quality of living increases. Thereby, people tend to buy quality products resulting in the shift towards non-stick cookware. The population of the country is increasing, resulting in the increased number of houses. This, in turn, increases demand for household appliances including kitchen appliances, cookwares, etc. With the various investments by automotive companies in the country, the production witnessed positive growth. In 2017, the motor vehicle production increased by 5.83% over 2016. Additionally, the government’s initiatives, like the Make in India campaign in India and Automotive Mission Plan 2016-26 in China, are helping the local and state-owned manufacturers to provide their products to the consumers and give stiff competition to the international players. All the aforementioned factors, in turn, boost the demand for non-stick coatings in the Asia-Pacific region during the forecast period.

Key Developments in the Market
March, 2018: The Chemours Company announced the global price increase of up to 10% for its full line of Teflon PTFE and Melts, Nafion Membranes and Dispersions, Krytox lubricants, Viton FKM Fluoroelastomer products, Capstone repellents and surfactants, and Teflon coatings.

The major players include – 3M, Akzo Nobel N.V., Metal Coatings Corp., Orion Industries, AGC Inc., Cavero, DAIKIN INDUSTRIES, Ltd., DowDuPont, GMM Development Limited, Gujarat Fluorochemicals Ltd., and Metallic Bonds, Ltd., among others.

Key Developments

The Chemours Company announced a global price increase of up to 10% for its full line of Teflon PTFE and Melts, Teflon coatings, etc.

Regions Covered

Asia-Pacific, North America, South America, Europe, and Middle East & Africa

Companies Covered

3M, Akzo Nobel N.V., AGC Inc., Orion Industries, Metal Coatings Corp., Cavero, DAIKIN INDUSTRIES, DowDuPont, etc.

Report Coverage

Revenue forecast, market share analysis, and market dynamics

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