Global Perfluoroalkoxy (PFA) Coatings Market Share, Size - Segmented by Application, and Geography - Growth, Trends, and Forecast (2022 - 2030)

Perfluoroalkoxy (PFA) Coatings Market
The market for perfluoroalkoxy (PFA) coatings is expected to register a moderately high growth during the forecast period, 2018-2023.This growth is primarily driven by the increasing non-stick applications in food and cryogenic industries applications, and augmenting demand for chemical process vessels and chemical seals & diaphragms.

Emerging Applications in the Optical Fiber Industry like Jacketing Material
Optic fiber can be used as a medium for telecommunications and computer networking because it is flexible and can be bundled as cables and has a very small footprint. The optical fiber cables market benefited from growing demand for data transmission capacity, making it essential to upgrade existing network infrastructure, particularly in Italy and France, where the existing network is still predominantly in copper cable, while North America started to see the first initiatives to develop the 5G network. The market for optical fiber cables also benefited from growing investments by the principal Chinese carriers, who represented the biggest source of growth in global optical cable demand. This trend gains momentum in the nearby future further igniting the demand for overall perfluoroalkoxy (PFA) coatings market.

Semiconductors Application Segment to Contribute Significant Demand to the Market
The semiconductor industry is heavily dependent on PFA coatings as these coatings can hold and transport the harsh chemicals used in the manufacturing process. The integrated circuits of semiconductors are manufactured using processes such as photolithography, etching, cleaning, thin film deposition and polishing. It takes some 270 chemicals and gasses to produce an integrated circuit. Many of these are extremely corrosive which include nitric acid, hydrochloric and hydrofluoric acid, and ozone. Metals will corrode when exposed to these chemicals, producing unacceptable levels of particulates and equipment failures, but PFA coatings provide efficient solution where excellent electrical properties, high ionic purity and the ability to withstand a wide range of temperatures is essential. The ultra-pure grade PFA coatings are well suited for applications in the semiconductor industry where it is used in the manufacture of wafer carriers, tubing, fittings and pump parts which are optimal for transporting high-purity chemicals in semiconductor manufacturing. Special grades of PFA coatings are being developed to meet the rigorous demands of the semiconductor industry which is involved in the production of electronic equipment such as personal computers, cellular phones, LCD, plasma and LED displays.

North America to Dominate the Perfluoroalkoxy Coatings Market
North America represented the largest regional market for global perfluoroalkoxy (PFA) coatings market in 2017. This immense demand for perfluoroalkoxy (PFA) coatings is a consequence of the growing trends of fiber optics, chemical processing and oil & gas industries in the region. In North America, the United States provides the major market for the perfluoroalkoxy (PFA) coatings with more than 80% of the regional market share. The development of shale gas has created a definitive advantage for US chemical manufacturing. Looking ahead over the next five years, production from the unprecedented investment in US chemical manufacturing will continue to come online, with the largest gains expected in 2018 and into 2019. This scenario is expected to increase the demand for perfluoroalkoxy (PFA) coatings in the nearby future. The large market size coupled with the huge growth of North America is quite instrumental in expansion of the global perfluoroalkoxy (PFA) coatings market.

Key Developments in the Perfluoroalkoxy Coatings Market
May 2017: Beijing Xinshiyi Energy Conservation and Environmental Protection Company has developed a 600 MW MGGH heat exchanger by using Solvay’s advanced Hyflon perfluoroalkoxy (PFA) fluoropolymer coating.

Perfluoroalkoxy (PFA) Coatings Market Major Players:
AGC Inc.
Polyfluor Plastics bv
DAIKIN INDUSTRIES, Ltd.
The Chemours Company
3M Company (Dyneon GmbH)
Solvay

Reasons to Purchase Perfluoroalkoxy (PFA) Coatings Market Report
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