Polyvinylidene Fluoride (PVDF) Market Revenue, Key Players, Supply-Demand, Investment Feasibility and Forecast 2023

The market for Polyvinylidene Fluoride (PVDF) Market has been on an upward trend. As per the latest report published by Market Research Future (MRFR), the Global Polyvinylidene Fluoride (PVDF) Market is set to post 7% CAGR from 2016 to 2023. Demand for PVDF is primarily driven by the rapid growth of end-use industries. Powder grade is the standard form of PVDF, which is used as an industrial material in metal, cement, paint, etc. Owing to characteristics such as exceptional colour retention and gloss effect, use of PVDF in high-quality paint manufacturing is significantly high.

PVDA is extremely common in industry verticals such as electronics, construction, new energy, chemicals and pharmaceuticals among others. PVDF finds application in manufacturing of sheets & films, piping & tubing, cable, membrane, wire insulator etc. PVDF has superior characteristics as compared to other alternatives such as fluoropolymers.

Characteristics such as light weight and low density of PVDF makes it an apt material for use in various construction applications. The innate characteristics of PVDF allows to be welded, molded, or injected for manufacturing of polymeric sheets and films. The material is also widely accepted in electronic sector, and defense and medical among others. Moreover, it is being increasingly used for lithium-ion batteries. Also, PVDA is also available as a closed-cell, cross-linked foam, which finds application in aerospace and aviation. During the forecast period, PVDA is likely find tremendous application scope in the new energy sector. Such factors are expected to drive the market in the forthcoming years.

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Competitive Landscape:

3M (Germany), Shanghai Sanai Fu New Material Co., Ltd. (China), Ofluorine Chemical Technology Co.,LTD. (China), Zhejiang Fotech International Co.,Ltd. (China), ZHUZHOU HONGDA POLYMER MATERIALS CO.,LTD (China), Arkema (France), Quadrant group of companies (Japan), DAIKIN INDUSTRIES, Ltd (Japan) and Solvay S.A (Belgium, KUREHA CORPORATION (Japan) are some of the leading companies operating in the Global PVDF Market.

Segmental Overview:

The segmental analysis of the Global Polyvinylidene Fluoride (PVDF) Market is based on End Use Industry, Resin Type and Region.

By End Use Industry, the global market has been segmented into electrical & electronics, oil & gas, chemicals, pharmaceuticals, building & construction and others.

By Resin Type, the market has been segmented into gamma, alpha, delta phase, and beta.

Global Polyvinylidene Fluoride (PVDF) Market: Regional Segmentation

Based on Region, the market has been segmented into North America, Asia Pacific (APAC), Latin America, Europe and the Middle East & Africa (MEA). APAC is the biggest market for PVDF, and its position will remain undisputed throughout the forecast period. Currently, APAC accounts for over 30% market share in terms of revenue. Increased construction activities along with the incessant growth of end-use industries in APAC is supporting the market growth in the region. PVDF demand is expected to remain strong in the APAC during the forecast period. China and India are among the major contributors to the APAC PVDF Market.

North America is the second largest market for PVDF in terms of value. Presence of a massive electrical and electronics sector and revival of the housing and construction sector is auguring well for market players operating in the region. The North America PVDF market is led by the U.S. This is mainly owing to the presence of prominent market players in the region. PVDF finds tremendous application in industries such as chemical, aeronautic and automotive, which is also remains favourable factors.

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The market is also expected to witness a healthy growth in Europe, which countries such as Germany, the U.K., and France being the prime investment destination for market players. The market is also expected to witness a healthy growth in the MEA and Latin America but from a smaller base.    

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Polyvinylidene Fluoride (PVDF) Market 2019 Growth, Business Analysis and Opportunities Till 2023

Polyvinylidene Fluoride, also known as Polyvinylidene Difluoride or PVDF is a highly non-reactive Thermoplastic Fluoropolymer, which is synthesized by the polymerization of Vinylidene Difluoride. PVDF is a specialty plastic used in various applications, wherein the high purity, inertness to solvents, acids and bases are the desired properties. In the market PVDF is available in the form of fine powder grade, which is an essential ingredient in high-end paints for metals and cements. Such PVDF paints have extremely good gloss and color retention. PVDF has successfully penetrated into vast number of industries such as chemicals, electronics, new energy, construction, and pharmaceuticals, among others. A number of applications in which PVDF is significantly used such as piping & tubing, sheets & films, membrane, cable, and an insulator for premium wire. Compared to other Fluoropolymers, such as Polytetrafluoroethylene (Teflon), PVDF has a low density and light weight, which makes it useful in construction and automotive sector. PVDF can be injected, molded or welded to manufacture the polymeric sheets and film, which is commonly used in electronics, medical and defense industries, as well as in lithium-ion batteries. It is also available as a cross-linked, closed-cell foam, which is primarily used in aviation and aerospace applications.

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Increasing demand for PVDF in number of applications in vast end-use industries coupled with rising acceptance of PVDF is a major factor expected to drive growth of the market over the forecast period. Collaborations and strategic alliances between market players and high performance properties of PVDF, which are useful in number of emerging industries such as new energy and electronics is projected to fuel the demand for the product during the forecast period. In addition to this, an increasing demand for lithium-ion batteries, coatings, sheets, and photovoltaic films is posing as an important factor favoring the demand for the product in the Global PVDF Market. The Global Polymer Resin Market is estimated to grow at a significant CAGR of nearly 7% to reach double digit billion dollar figure by the end the review period. This, in turn, is anticipated to boost the demand for PVDF resin in its major end users such as automotive and construction. Increasing threat of substitutes on account of vast ongoing research in polymeric materials and growing environmental & health concerns regarding the product, which is more likely to invite regulations limiting its production. Nevertheless, rapidly increasing end use in new energy sector is poised to drive the market during the forecast period.

Key Players:

Key players in Global PVDF Market are Arkema (France), 3M (Germany), DAIKIN INDUSTRIES, Ltd (Japan), Shanghai Sanai Fu New Material Co., Ltd. (China), Solvay S.A (Belgium), Ofluorine Chemical Technology Co.,LTD. (China), KUREHA CORPORATION (Japan), Zhejiang Fotech International Co.,Ltd. (China), the Quadrant group of companies (Japan), and ZHUZHOU HONGDA POLYMER MATERIALS CO.,LTD (China), among others.

Segmentation:

The Global Polyvinylidene Fluoride (PVDF) Market has been segmented on the basis of Resin Type, End Use Industry and Region.

On the basis of Resin Type, the market is divided into alpha, beta, gamma, and delta phase.

Based on End Use Industry, the Global PVDF Market is segmented into chemicals, electrical & electronics, building & construction, oil & gas, pharmaceuticals, and others.

Geographically, the market is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is anticipated to hold a major share of the Global PVDF Market during the forecast period.

Regional Analysis:

The Global PVDF Market is spanned across the five regions including Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is the largest as well as the fastest growing market for PVDF. This region accounts for more than 30% share of the Global PVDF Market as of 2016. A continuous upward trend in building and construction along with emerging use of new energies in this region is anticipated to drive the demand for PVDF in this region. China and India are holding the major share of PVDF Market in this region. North America is closely following Asia Pacific in terms global market size of PVDF. Europe and Asia Pacific together hold more than 50% share of the Global PVDF Market. Huge developments in the electrical and electronics sector and expanding construction industry in the region is driving growth of regional market. The U.S is the largest market in the region owing to the presence of major end users and key players. Europe is another substantial region in the Global PVDF Market. Growing usage of PVDFs in automotive, and aerospace industry along with chemical industry propelling the growth of PVDF market in this region. Countries namely Germany, Italy, the U.K., and France are expected to reach new heights with rise of electronic and light weight vehicles. This trend would continue over the forecast period to boost the demand for PVDF. Other important regions in the Global PVDF Market are Latin America and the Middle East & Africa. Among them, Latin America is growing at a higher CAGR. The Middle East & Africa is projected to join the hands with leading regions in the Global PVDF Market with an increasing end use industries of PVDF in this region.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact: Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com