PVDF Resin Market by Type of Crystalline Phase (Alpha, Beta, Gamma, and Delta), Application (Pipes and Fittings, Films and Sheets, Coatings, Membranes, Wire and Cable, Li-ion Batteries and Others), and End-user Industry (Chemical Processing, Electrical & Electronics, Building and Construction, Oil & Gas, Automotive and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030
The PVDF resin market size was valued at $1.0 billion in 2020, and is projected to reach $2.6 billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030.
Polyvinylidene fluoride (PVDF), also known as polyvinylidene difluoride, is an engineering plastic that belongs to the family of semi-crystalline fluoropolymers. It is a non-reactive fluoropolymer produced by the polymerization of vinylidene difluoride (VDF). PVDF is used in applications that involve high temperature resistance, chemical resistance, strength, and purity toward acids, bases, solvents, and heat. Moreover, it is a key ingredient in high-end coatings for metal roofing in residential and commercial applications. PVDF membranes have the ability to immobilize proteins, owing to their affinity toward amino acids. Moreover, PVDF resins find extensive use as sheets, films, tubes, and coatings in various end-user industries such as chemical processing, oil & gas, construction, and electrical & electronics.
Rise in demand for PVDF resin from various end-use industries such as chemical processing, electrical & electronics, new energies, and construction are the key driving factors in the growth of the market. In addition, high performance properties along with rise in adoption of PVDF resin are anticipated to fuel the market growth during the forecast period. PVDF resin has high demand in Europe, the U.S., and across emerging economies such as China and India. The PVDF resin has witnessed a noticeable growth over the past few years. This trend is expected to continue during the forecast period, owing to increase in demand for lithium-ion batteries, photovoltaic films, coatings, and government support for R&D to find new commercial avenues.
KEY BENEFITS FOR STAKEHOLDERS
The report includes in-depth analysis of different segments and provides market estimations between 2021 and 2030.
A comprehensive analysis of the factors that drive and restrict the growth of the global PVDF resin market is provided.
Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
Estimations and forecast are based on factors impacting the global PVDF resin market growth, in terms of value.
The key market players are profiled to gain an understanding of the strategies adopted by them.
This report provides a detailed analysis of the current trends and future estimations from 2021 to 2030, which help to identify the prevailing market opportunities.
COVID-19 Impact on the market
COVID-19 has spread to almost 213 countries across the globe with the World Health Organization declaring it a pandemic on March 11, 2020.
PVDF resins are primarily used in electrical & electronics, automotive, and aerospace & defense industries.
Lockdown imposed due to the outbreak of the COVID-19 pandemic has resulted in temporary ban on the import and export, thereby disrupting the supply chain and hampering the PVDF resin market growth.
Disruptions in raw material procurement and price volatility hampered the growth of the industry during the COVID-19 pandemic.
Due to scarcity of resources in various parts of the world, the COVID-19 pandemic negatively impacted manufacturing and industrial industries. The top players of the industries are concerned about the market's prospects and are rethinking their strategies to meet the challenge.
However, the market was expected to recover in the late year or by the first quarter of 2021 as the operations resumed in various industries such as manufacturing, construction, and electrical & electronics.
KEY MARKET SEGMENTS
By Type of Crystalline Phase
Alpha
Beta
Gamma
Delta
By Application
Pipes and Fittings
Films and Sheets
Coatings
Membranes
Wire and Cable
Li-ion Batteries
Others
By End-User Industry
Chemical Processing Industry
Electrical and Electronics
Building and Construction
Oil and Gas
Automotive
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
UAE
Saudi Arabia
South Africa
Rest of LAMEA
KEY MARKET PLAYERS
Arkema S.A.
Daikin Industries, Ltd.
Kureha Corporation
RTP Company, Inc.
Shanghai Huayi 3F New Materials Co., Ltd.
Shanghai Ofluorine Co., Limited
Solvay SA
3M
Zhejiang Fotech International Co., Ltd.
Zhuzhou Hongda Polymer Materials Co., Ltd.
Other players operating in the PVDF resin market are Agiplast, SKC, Sinochem Lantian, Dongyue Group, and others.
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