Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.74 Billion | USD 2.65 Billion | 5.39% | 2022 |
The global non-stick coatings market size was worth around USD 1.74 billion in 2022 and is predicted to grow to around USD 2.65 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.39% between 2023 and 2030.
Non-stick coatings are specialized materials or coatings applied on products such as cookware that help prevent food from sticking to the surface while cooking. The main advantage of non-stick coatings is that they make cleaning and cooking easier since the food does not stick to the cookware and hence can be washed properly without putting in too much effort. There are several types of non-stick coatings including polytetrafluoroethylene (PTFE), which is currently the most common type of variant with wide applications. It was first accidentally invented during the 1930s and became commercially popular by the 1960s. The chemical is currently known by its trademark name Teflon. There are several reasons driving the demand for non-stick coatings across end-user verticals which has led to an increase in the number of players supplying the product. During the projection period, the market for non-stick coatings is projected to grow at a stable rate while dealing with certain challenges and restrictions varying from one regional market to another.
Rising segment of health-conscious consumers to drive market growth
The global non-stick coatings market is projected to grow owing to the increasing number of health-conscious consumers on a global scale. Non-stick cookware is an ideal choice to prepare food items that do not require large quantities of oil or other lubricants such as fat. With more people focusing on calorie intake and avoiding items that are deep fried, the demand and consumption of non-stick bakeware or cookware is likely to generate higher revenue. Medical awareness has played a crucial role in pushing people toward informed choices in terms of food products. Since fried food is associated with severe medical conditions including heart problems and diabetes, more people make a conscious choice to avoid such food items even if they can be prepared at home.
Rising number of players in the market to drive market growth
The number of players and products related to non-stick coatings especially in the cookware segment has increased significantly. Older players have invested in new items to continue staying relevant with the modern generation and their food habits while the non-stick coatings industry has also seen entry for a large number of new players. For instance, in November 2022, TTK Prestige, a market leader, launched Durastone in the Indian market. The product is hard anodized cookware and consists of 6 layers of non-stick coating. In June 2023, Tefal introduced RENEW. It is a range of pans and pots made in 100% recycled aluminum and showcases a non-stick coating with Inoceramic®, a Tefal-exclusive technology.
Increasing applications in the industrial sector to push high revenue streams
There is a growing demand for highly efficient non-stick coatings in industrial settings, especially the food & beverages (F&B) industry. The consumers in this segment are using non-stick coatings on baking molds, trays, and conveyor belts to ensure that food doesn't stick to the pan. This also helps in streamlining the entire production process.
Concern over the safety of non-stick coatings to restrict market growth
Earlier, Teflon cookware items and other non-stick coatings were considered unsafe for use. However, modern non-stick coatings are safer and do not pose any threat to human or animal health until the temperature stays below a certain degree. In the case of Teflon-coating items, the temperature should not cross 260°C. It is because, at higher temperatures, the product may start to fume which may cause inconvenience to the people around. It is also harmful to any pet living in the house and birds in the vicinity of the cooking area. Additionally, many consumers are still doubtful about safety issues related to non-stick coatings which directly affects the global non-stick coatings market growth trend.
Innovation in non-stick coating technology to provide growth opportunities
In the last decade, non-stick coatings technology has undergone several changes mainly induced to ensure product safety and removal of any toxic content. The trend has continued in the present time with producers of such coatings investing heavily toward inventing more efficient coating solutions. In March 2022, 2022 Inspired Home Show (IHS) witnessed the showcasing of a range of non-stick coatings by PPG. The range consisted of sol-gel and polytetrafluoroethylene (PTFE) coatings. The global non-stick coatings industry players are focusing on attributes such as improved durability, higher temperature resistance, and superior scratch resistance. Furthermore, the introduction and use of nanotechnology have allowed better advancements in non-stick coatings systems.
Strict regulatory guidelines impacting the sale of non-stick coatings may challenge further growth
Due to the perception and safety concerns of non-stick coatings, every country has specific laws and regulations that regulate the type and quantity of chemicals used in the production of non-stick coatings. For instance, the U.S. Environmental Protection Agency (EPA) has asked manufacturers of perfluorooctanoic acid (PFOA) to phase out the use of the compound by 2015. Similar measures were taken in other regions including Europe and Asian countries. Such regulations create challenges for the global market revenue.
The global non-stick coatings market is segmented based on application, type, and region.
Based on application, the global market segments are fabric & carpets, cookware, electronic & electrical, automotive, industrial, food processing, medical, and others. In 2022, the highest growth was observed in the cookware segment and it is expected to grow at a CAGR of over 6.81% during the forecast period. The segmental growth is driven by the extensive use of non-stick coatings during the manufacturing of cookware and bakeware. Increasing demand for hydrophobic, non-stick, high temperature resistant, and cookware with low refractive index has resulted in higher consumption. Additionally, food cooks quickly on non-stick surfaces and does not require the use of excess oil or fats for cooking.
Based on type, the non-stick coatings industry divisions are silicone, fluoropolymer/tetrafluoroethylene (PTFC), sol-gel, and others. In 2022, the highest revenue was generated by the fluoropolymer/tetrafluoroethylene (PTFC) segment driven by excellent attributes of the compound including easy cleaning and low friction. Other qualities of PTFC coatings include chemical resistance, non-flammability, and high dielectric & electrical strength. The four main ingredients used in PTFC include chloroform, fluorspar, water, and hydrofluoric acid. PTFC starts decomposing at 505°C
Report Attributes | Report Details |
---|---|
Report Name | Non-stick Coatings Market |
Market Size in 2022 | USD 1.74 Billion |
Market Forecast in 2030 | USD 2.65 Billion |
Growth Rate | CAGR of 5.39% |
Number of Pages | 207 |
Key Companies Covered | Whitford Corporation, Chemours Company, Toefco Engineered Coating Systems, Axalta Coating Systems, Solvay SA, Daikin Industries, DuPont de Nemours Inc., PPG Industries, Impreglon SE, The Sherwin-Williams Company, Nippon Paint Holdings Co. Ltd., Teknos Group, Hubei Everflon Polymer, TIGER Drylac U.S.A. Inc., Shandong Dongyue Polymer Material Co. Ltd., and others. |
Segments Covered | By Application, By Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific to continue its growth streak during the projected period
The global non-stick coatings market is expected to be dominated by Asia-Pacific during the forecast period. This is mainly due to the presence of multiple manufacturers and sellers of non-stick cookware and bakeware items. The growing population is a leading factor in higher demand for effective cookware items. In addition to this, other factors pushing regional expansion include increasing income, a rise in the middle-income group, and improved quality of life. Urbanization and access to advanced cookware have helped in reshaping the Asian market. More consumers have become aware of the product availability and its benefits.
For instance, in August 2023, India witnessed the launch of Vinot Connect, a new unplug non-stick cookware by Vinod Cookware. The product is hailed as a state-of-the-art product offering induction-friendly cooking. In October 2022, Aniket Metal, a leading producer of kitchenware in India, partnered with Pocket Aces to launch products targeting the new generation of consumers. The products launched through this move include pots for tea, pans, momo steamers, and kadhai at affordable prices. China and India are the leading shareholders in the regional market.
The global non-stick coatings market is led by players like:
By Application
By Type
FrequentlyAsked Questions
Non-stick coatings are specialized materials or coatings applied on products such as cookware that help prevent food from sticking to the surface while cooking.
The global non-stick coatings market is projected to grow owing to the increasing number of health-conscious consumers on a global scale.
According to study, the global non-stick coatings market size was worth around USD 1.74 billion in 2022 and is predicted to grow to around USD 2.65 billion by 2030.
The CAGR value of the non-stick coatings market is expected to be around 5.39% during 2023-2030.
The global non-stick coatings market is expected to be dominated by Asia-Pacific during the forecast period.
The global non-stick coatings market is led by players like Whitford Corporation, Chemours Company, Toefco Engineered Coating Systems, Axalta Coating Systems, Solvay SA, Daikin Industries, DuPont de Nemours, Inc., PPG Industries, Impreglon SE, The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., Teknos Group, Hubei Everflon Polymer, TIGER Drylac U.S.A., Inc., and Shandong Dongyue Polymer Material Co., Ltd.
The report explores crucial aspects of the non-stick coatings market including detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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