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Polyvinylidene Fluoride (PVDF) Market-Overview
The Polyvinylidene Fluoride (PVDF) Market has revenue of USD 746 Million in 2018 and is estimated to reach USD 1,169 Million by 2025 and has a CAGR of 6.7%.
Polyvinylidene fluoride or PVDF is a specialty plastic that is used in different applications where bases and acids, inertness to solvents, and high purity are the desired properties. It is a porous and extremely hard material and may be used at temperatures varying -80-300°F. PVDF is accessible as an insulator, plate, films, tubing, sheet, and piping products. This can be welded, molded, or injected and mostly used in the defense, medical, semiconductor, and chemical industries along with lithium-ion batteries. PVDF also comes in cross-linked closed-cell foam that is increasingly used in aerospace and aviation applications.
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Numerous factors are adding to the polyvinylidene fluoride market demand. Such factors, as revealed by the latest MRFR report, include an increase in the demand in photovoltaic films, flexible flow lines, lithium-ion batteries, and coatings, increasing investments in R&D, rising acceptance of PVDF, strategic alliances and collaborations between industry players, and its high-performance properties owing to which it is widely used in new energy & electronics.
On the contrary, health & environmental concerns and the increasing threat of alternatives are factors that may limit the polyvinylidene fluoride market growth over the forecast period.
The Market Research Future Report provides an inclusive segmental analysis of the polyvinylidene fluoride market based on end use and resin type.
By resin type, the polyvinylidene fluoride market is segmented into delta, gamma, beta, and alpha phase.
By end use industry, the Polyvinylidene Fluoride Market is segmented into pharmaceuticals, oil and gas, building and construction, electrical and electronics, chemicals, and others. Of these, the chemicals industry will lead the market over the forecast period. This will be followed by the electrical and electronics segment which is predicted to grow at a high CAGR over the forecast period.
By region, the global polyvinylidene fluoride market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA). Of these, the APAC region will have the lions share in the market over the forecast period for the increasing use of new energies and a constant upward trend in building & construction. India & China are the major contributors in the region.
The polyvinylidene fluoride market in North America will have a healthy growth over the forecast period for the expanding construction industry and huge developments in electrical & electronics sector. The US is the key contributor in the region for the presence of top industry players.
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The polyvinylidene fluoride market in Europe is predicted to have notable growth over the forecast period for its increasing use in the chemical, aerospace, and automotive industry. France, the UK, Italy, and Germany are the key contributors in the region for the rise of lightweight and electronics vehicles.
The polyvinylidene fluoride market in Latin America is predicted to grow at a higher CAGR while that in the MEA will have a sound growth for the increasing end use industries of polyvinylidene fluoride in the region.
Key players profiled in the global polyvinylidene fluoride market report include ZHUZHOU HONGDA POLYMER MATERIALS CO., LTD (China), the Quadrant group of companies (Japan), Zhejiang Fotech International Co., Ltd. (China), KUREHA CORPORATION (Japan), Ofluorine Chemical Technology Co., LTD. (China), Solvay S.A (Belgium), Shanghai Sanai Fu New Material Co., Ltd. (China), DAIKIN INDUSTRIES, Ltd (Japan), 3M (Germany), and Arkema (France). Industry players have incorporated strategies such as mergers and acquisitions, strategic alliances, collaborations, new product launches and development, among others to create a niche in the market.
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