Global Polyvinylidene Fluoride Market By Overview
Polyvinylidene fluoride market accounted for US$ 1.02 billion in 2020 and is estimated to be US$ 2.06 billion by 2030 and is anticipated to register a CAGR of 7.4%.
Polyvinylidene fluoride is a non-reactive and thermoplastic fluoropolymer which is produced by the polymerization of vinylidene difluoride. It is chemically inert to most alcohols, acids, chlorinated solvents, and aromatic & aliphatic organic compounds. Polyvinylidene fluoride exhibits pyroelectric and piezoelectric properties during poling, and hence used in battery and sensor applications commercially available in a variety of brand names such as KF, Kynar, Solef and Hylar. Polyvinylidene fluoride has application in biomedical sciences includes artificial membrane in immunoblotting due to its chemical resistance property. This property enables polyvinylidene fluoride membranes for use as a membrane filtration device in biomedical industry. It is a pure thermoplastic and highly non-reactive fluoropolymer that is prepared by the process of polymerization of vinylidene difluoride. Polyvinylidene difluoride have mainly applications in which require high resistance, strength and purity to solvents, bases, acids and heat. It has also importance as component of high-end paints for metal roofing in commercial and residential applications.
Global Polyvinylidene Fluoride Market By Drivers & Restraints
The growing demand for Polyvinylidene fluoride from major end user industries such as electrical & electronics, building and construction, and pharmaceuticals is factor which drives growth of the global polyvinylidene fluoride market. Increasing use of polyvinylidene fluoride in making pipes, hoses, and tubes that are widely used in the automobile fuel systems has increased the growth of the global polyvinylidene fluoride market. Polyvinylidene has increasing demand in lithium-ion batteries, coatings, and photovoltaic films and are anticipated to witness growth of the global polyvinylidene fluoride market. Other applications of polyvinylidene fluoride include pollutants removal, water treatment, gas separation, bioethanol recovery and gas separation, which is also expected to augment the polyvinylidene fluoride market growth over the forecast period. Further polyvinylidene fluoride has application in insulation on electrical wires as it is low weight, and has properties like high resistance to chemical corrosion, low thermal conductivity, high heat resistance, and high flexibility. Significant investments in research and development activities are expected to provide novel opportunities for the global polyvinylidene fluoride market to grow in the near future.
However, fluctuating price of raw materials of polyvinylidene fluoride is expected to be one of the factors to restrain growth of the polyvinylidene fluoride (PVDF) Market over the forecast period. Moreover, the threat of substitutes on account of rapid ongoing research in polymeric materials and growing environmental and health concerns regarding the product, which is more likely to invite regulations limiting its production, which could also, hamper the growth of global polyvinylidene fluoride market.
Global Polyvinylidene Fluoride Market By Segmentations & Regional Insights
Polyvinylidene fluoride market is segmented based on end user industry, application and region.
On the basis of end user industry, the polyvinylidene fluoride market has been segmented into chemical processing industry, construction, new energy, oil and gas and others. Based on applications, segments of the global polyvinylidene fluoride market are pipes, coatings, fittings, sheets, films, tubes, powder, membranes, cables and others.
Regional Insights:
Polyvinylidene fluoride market accounted for US$ 1.02 billion in 2020 and is estimated to be US$ 2.06 billion by 2030 and is anticipated to register a CAGR of 7.4%. On region the global polyvinylidene fluoride market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to account for significant market share in the global polyvinylidene fluoride market in terms of revenue over the forecast period. Higher investment and expansion of key players in the end-use industry are major factors increases growth of the polyvinylidene fluoride in Asia Pacific. Africa is expected to be a lucrative market in light of presence of abundant fishing industry in Uganda and Tanzania countries which is likely to open new market opportunities for polyvinylidene fluoride manufacturers. The market for polyvinylidene fluoride in Western Europe is also expected to grow significantly with certain polyvinylidene fluoride expansion projects anticipated to stabilize the overall business in this region. Other regions such as Eastern and Central Europe are also expected to host future global events which would supplement the growth of polyvinylidene fluoride market in different applications.
Report Scope:
Attribute |
Details |
Base year for estimation |
2020 |
Forecast period |
2020 – 2030 |
Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
Market Segmentation |
By End-User Industry- Chemical Processing Industry, Construction, New Energy, Oil & Gas, and By Application– Pipes, Coatings, Fittings, Sheets, Films, Tubes, Powder, Membranes, Cables and Others. |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at , regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global polyvinylidene fluoride market report based on end user industry, application and region.
Polyvinylidene Fluoride Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Polyvinylidene Fluoride Market By Competitive Landscape & Key Players
The key players operating in the polyvinylidene fluoride market includes Arkema, Solvay S.A., Daikin Industries ltd, Zhuzhou Hongda Polymer Materials Co. Ltd., Shanghai 3F New Materials Company Limited, Kureha Corporation, Quadrant Engineering Plastics Products, Shanghai Ofluorine Chemical Technology Co. ltd., Dyneon GmbH, and Zhejiang Fotech International Co. Ltd.
Global Polyvinylidene Fluoride Market By Company Profile
- Arkema
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Solvay S.A.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Daikin Industries ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Zhuzhou Hongda Polymer Materials Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Shanghai 3F New Materials Company Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Kureha Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Quadrant Engineering Plastics Products
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Shanghai Ofluorine Chemical Technology Co. ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Dyneon GmbH
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Zhejiang Fotech International Co. Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Polyvinylidene Fluoride Market By Highlights
FAQs
Polyvinylidene Fluoride Market is segmented on the basis of end use industry, application and region.
Rising production of e-vehicles is the major driver for the growth of the PVDF market.
The Asia-Pacific market dominated the Polyvinylidene Fluoride (PVDF) market with a share of around 48% in 2020.
The key players operating in the polyvinylidene fluoride market includes Arkema, Solvay S.A., Daikin Industries ltd, Zhuzhou Hongda Polymer Materials Co. Ltd., Shanghai 3F New Materials Company Limited, Kureha Corporation, Quadrant Engineering Plastics Products, Shanghai Ofluorine Chemical Technology Co. ltd., Dyneon GmbH, and Zhejiang Fotech International Co. Ltd.