According to the latest report by IMARC Group, titled “PVDF Resin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global PVDF resin market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global PVDF resin market size reached US$ 880.7 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,285.0 Million by 2027, exhibiting at a CAGR of 6.20% during 2022-2027.
Polyvinylidene fluoride (PVDF), also known as polyvinylidene difluoride, is a highly inert thermoplastic fluoropolymer resin. It is produced from the emulsion polymerization process of the monomer vinylidene difluoride (VDF and is widely used to produce tubes, films, plates, piping products, and sheets. It also provides various benefits, including high tensile strength, thermal stability, surface hardness, and resistance to bacteria, fungi, abrasion, heat, flame, chemicals, solvent, and ultraviolet (UV) light. As a result, PVDF resin is extensively utilized in agriculture, packaging, automotive, transportation, aerospace, defense, pharmaceutical, biomedical, and oil and gas industries across the globe.
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COVID-19Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
PVDF Resin Market Trends and Drivers:
The market is primarily driven by the escalating demand for electronic goods such as mobiles, laptops, and power backup/UPS. PVDF resins are widely utilized as binders to produce lithium-ion batteries, which last longer between charges and maintain high current output.
In addition, they are used in cables, and wires due to their flexibility, lightweight, and low thermal conductivity, in military and commercial electronics, ships, helicopters, aircraft, satellites, avionics, and trains. Moreover, the widespread adoption of PVDF resins in the aerospace and defense sector to protect equipment from vibration, moisture, shock, and chemicals represents another major growth-inducing factor.
Besides this, governments of numerous countries are investing in the renewable energy sector, which is propelling market growth. Furthermore, the increasing usage of PVDF resin in the construction sector for architectural coatings used in highways, high-rise buildings, power plants, and airports is also creating a positive market outlook across the globe.
Global PVDF Resin Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
PVDF Resin Companies:
3M Company, AGC Chemicals (AGC Inc.), Akzo Nobel N.V., Arkema S.A, Daikin Industries Ltd., Dongyue Group, Kureha Corporation, PPG Industries Inc., Sinochem Lantian Co. Ltd., Solvay S.A, The Sherwin-Williams Company and Zhejiang Fotech International Co. Ltd.
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The report has segmented the market on the basis of region, type, type of crystalline phase, application and end use industry.
Breakup by Type:
- PVDF Granule
- PVDF Powder
Breakup by Type of Crystalline Phase:
Breakup by Application:
- Injection and Extrusion Products
- Lithium-ion Battery Binders
- Photovoltaic Film
- Water Treatment Membranes
Breakup by End Use Industry:
- Chemical Processing
- Electrical and Electronics
- New Energies
- Oil and Gas
- Pharmaceutical and Biomedical
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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