The Polyvinylidene Fluoride (PVDF) Market is segmented by Application Type (Pipes and Fittings, Films and Sheets, Wires and Semiconductor Processing, Coatings, Membranes, and Li-ion Batteries), by End-Use Type (Oil and Gas, Electrical and Electronics, Chemical Processing, Automotive, and Transportation, Aerospace, and Defense, Building and Construction, and Others), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, Italy, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Argentina, and Others]).
The Polyvinylidene Fluoride (PVDF) Market is segmented by Application Type ...
The Polyvinylidene Fluoride (PVDF) Market is expected to grow at a promising CAGR of 21.0% during the forecast period.
What is Polyvinylidene Fluoride (PVDF)?
PVDF (polyvinylidene fluoride) is a highly non-reactive thermoplastic fluoropolymer. Most alcohols, acids, chlorinated solvents, and aromatic and aliphatic organic molecules are chemically inert to it. It has great intrinsic fire resistance, low coefficient of friction, and operability across a wide temperature range, as well as good UV resistance, thermoforming capabilities, and the ability to be easily attached by welding.
Rising demand for polyvinylidene fluoride (PVDF) in end-use industries including construction and oil and gas are some of the major factors driving the polyvinylidene fluoride (PVDF) market growth. The construction industry was estimated to account for 14.7% of the global GDP in 2022. Furthermore, the worldwide construction market is expected to reach US$ 17.5 trillion by 2030, up from US$ 8 trillion in 2015. PVDF is becoming more popular in the construction industry because of its chemical resistance and thermal stability.
Segments Analysis
This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories-
By Application Type
Pipes and Fittings
Films and Sheets
Wires and Semiconductor Processing
Coatings
Membranes
Others
By End-Use Type
Oil and Gas
Electrical and Electronics
Chemical Processing
Automotive and Transportation
Aerospace and Defense
Building and Construction
Others
By Region
North America
Europe
Asia-Pacific
Rest of the World
By Application Type
The market is segmented into pipes and fittings, films and sheets, wires and semiconductor processing, coatings, membranes, and Li-ion batteries. Among these application types, the pipes and fittings industry is likely to remain the biggest demand generator for polyvinylidene fluoride (PVDF) during the forecast perioddue to features such as impermeability and chemical resistance. PVDF fittings are also seen in residential and commercial buildings. These factors have supported the PVDF market's growth in recent years by quickly increasing the demand for polyvinylidene fluoride. Due to its superior chemical resistance and freedom of operation at increased temperatures, polyvinylidene fluoride membranes are highly sought in different operations, including corrosive chemicals for pumps, manufacturing equipment, and transportation containers.
By End-Use Type
The market is segmented into oil and gas, electrical and electronics, chemical processing, automotive and transportation, aerospace and defense, building and construction, and others. Theoil and gas segment is expected to remain the most preferred end-use type during the forecast period. Low permeation, low surface energy, non-sticky and non-flammable nature, excellent chemical resistance, exceptional aging, environmental stress crack resistance, consistent mechanical behavior over time, and superior ductility/flexibility at low temperatures are all advantages of polyvinylidene fluoride. At high temperatures, polyvinylidene fluoride coatings give exceptional chemical resistance. PVDF films are utilized in windmills because they provide superior environmental resistance and decreased friction for turbine generators and blades.
Regional Analysis
Asia-Pacific is expected to remain the largest market for polyvinylidene fluoride (PVDF) over the forecast period. One of the major factors driving the growth of the polyvinylidene fluoride (PVDF) market is the increased investment and expansion of key companies in the end-use industry. This is mostly due to the region's fast-growing urbanization and rising demand for innovative thermoplastic products. Plastic demand in China increased by 10% in 2015 compared to the previous year. India also has a well-established supply of raw materials for the plastics sector. Many polyvinylidene fluoride manufacturers have set up plants in this region as a result of this. This trend is expected to continue over the forecast period.
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Key Players
Most companies are deploying various strategies regarding product development & differentiation, pricing, brand, technology, and customized products to gain a competitive advantage. The following are some of the key players in the polyvinylidene fluoride (PVDF) market:
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s polyvinylidene fluoride (PVDF) market realities and future market possibilities for the forecast period of 2023 to 2028. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Polyvinylidene Fluoride (PVDF) Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and Forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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10% free customization
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Detailed profiling of additional market players (up to three players)
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Rising demand for polyvinylidene fluoride (PVDF) in end-use industries including construction and oil and gas is expected to drive the growth of the market in the coming five years.
Asia-Pacific is estimated to be dominant in the polyvinylidene fluoride (PVDF) market in the coming years due to increased investment and expansion of key companies in the end-use industry.
The pipes and Fittings application type is likely to maintain its dominance in the market in the next five years on account of the growing demand for features such as impermeability and chemical resistance.
Arkema, Daikin Industries Ltd, Aptar Group, Inc., Dongyue Group, Dyneon LLC (3M), Gujarat Fluorochemicals Limited, Kureha Corporation, RTP Company, Shanghai Huayi 3F New Materials Co. Ltd., and Shanghai Ofluorine Co. Ltd are some of the key players in the market.
