The global polyvinylidene fluoride (PVDF) market was worth US$390 mn in 2018 and the report suggests that the market will reach US$1130 mn by 2025, registering a robust CAGR of 16.40%. PVDF is a durable component with thermal stability and chemical resistance that is used in various industrial applications.
QY Research analysts have published a detailed report of the market, titled “Global Polyvinylidene Fluoride (PVDF) Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application.” The research report offers a detailed understanding of the overall market.
Global Polyvinylidene Fluoride (PVDF) Market: Drivers
PVDF is extensively used in areas that require high resistance, strength, and purity to solvents, bases, acids, and heat. It is used in high-end paints for metal roofing, pipes, tubes and hoses, generally in commercial and residential applications. Its light weight, high resistance in chemical corrosion, and thermal connectivity are ideal for electric wires. PVDF is commonly used in lithium ion batteries, photovoltaic films as well. It is also used extensively in sheets, membranes and for coating in various end-user industries such as chemical processing, oil and gas, construction and energy. Polyvinylidene fluoride adds to the highest purity and resistance to the solvent acids and bases.
Fluctuating price of the raw materials are one of the major restraints of the market which is slowing the growth of the global polyvinylidene fluoride market.
Global Polyvinylidene Fluoride (PVDF) Market: Segment Analysis
The global polyvinylidene fluoride (PVDF) market is segmented on the basis of type and application. In terms of type, the market is segmented as PVDF granule and PVDF powder. In terms of application, the market is segmented as agricultural coating, chemicals, electronics, and others. PVDF has a number of applications, though its demand in chemical and electronic production are most prominent.
Global Polyvinylidene Fluoride (PVDF) Market: Regional Analysis
On the basis of region, the global polyvinylidene fluoride (PVDF) market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific is the leading region of the global PVDF market with its increasing demand in industrial applications. North America has a stronghold in the global polyvinylidene fluoride market as well.
Global Polyvinylidene Fluoride (PVDF) Market: The Key Players
The key players studied in the global polyvinylidene fluoride (PVDF) market are Solvay, Arkema, Dongyue, Kureha, 3F, Zhejiang Juhua, Shandong Deyi, Sinochem Lantian, Zhejiang Fluorine, 3M, and DAIKIN. These leading players have become the prominent names of global polyvinylidene fluoride market with its innovative component creation that can be used in various industries that eventually enhance the global demand of PVDF to spike the market growth.