The global PVDF resin market size reached US$ 944.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,362.1 Million by 2028, exhibiting a growth rate (CAGR) of 6.11% during 2023-2028.
Polyvinylidene fluoride (PVDF), or polyvinylidene difluoride, is a thermoplastic fluoropolymer resin known for its high inertness. The resin is produced through emulsion polymerization of the vinylidene difluoride (VDF) monomer and is commonly used to manufacture tubes, films, plates, pipes, and sheets. PVDF resin provides several benefits, including high tensile strength, thermal stability, surface hardness, and resistance to bacteria, fungi, abrasion, heat, flame, chemicals, solvents, and ultraviolet (UV) light. Due to these properties, it finds extensive use in industries such as agriculture, packaging, automotive, transportation, aerospace, defense, pharmaceuticals, biomedicine, and oil and gas, among others, worldwide.
What are the Key Industry Trends of the Global PVDF Resin Market?
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.
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Global PVDF Resin Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
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:
- Alpha
- Beta
- Gamma
- Delta
Breakup by Application:
- Coating
- Injection and Extrusion Products
- Lithium-ion Battery Binders
- Photovoltaic Film
- Water Treatment Membranes
- Filament
Breakup by End Use Industry:
- Chemical Processing
- Electrical and Electronics
- Construction
- New Energies
- Oil and Gas
- Pharmaceutical and Biomedical
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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