Global PVDF Resin Market Size study & Forecast, by Type (Alpha, Beta, Gamma, Delta) By End-user (Chemical Processing Industry, Electrical and Electronics, Building and Construction, Others) By Application (Membranes, Wire and Cable, Li-ion Batteries, Othe

Global PVDF Resin Market Size study & Forecast, by Type (Alpha, Beta, Gamma, Delta) By End-user (Chemical Processing Industry, Electrical and Electronics, Building and Construction, Others) By Application (Membranes, Wire and Cable, Li-ion Batteries, Others) and Regional Analysis, 2022-2029

Global PVDF Resin Market is valued approximately USD 2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.8% over the forecast period 2022-2029. PVDF Resin is a type of thermoplastic fluoropolymer, possesses high inertness and stability. It is formed by the polymerization of vinylidene difluoride. PVDF resins are used for easy processing in molding, extrusion, and compounding as thermostatic polymers. The PVDF Resin market is expanding because of factors such increasing demand for PVDF resins in lithium-ion batteries and consumer preferences toward electric and hybrid vehicles.

According to the Statista, the global lithium-ion battery market was valued at 40.5 billion U.S. dollars in 2020. It is projected that the market will grow at a GACR of 14.6 %, reaching up to 92 billion U.S. dollars by 2026. Furthermore, Chinese is going to represents almost half of the global demand for electric vehicle lithium-ion batteries expected to reach up to 740 GWh in 2030. China is the largest market for electromobility in coming years. Another important component driving space consumer preferences toward electric and hybrid vehicles. As per Statista, in 2021, China's plug-in electric vehicle fleet reached around 7.8 million units followed by the United States had approximately 2.1 million battery-electric vehicles and plug-in hybrid electric vehicles during the same year. In Addition, Revenue in the Plug-in Hybrid Electric Vehicles segment is projected to reach USD 134.40 billion in 2023 and expected to show an annual growth rate of 7.61% in between 2023 to 2027, resulting the projected market volume of USD180.20 billion by 2027. However, governments spending on the renewable energy sector stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global PVDF Resin Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the space in terms of revenue, owing to the presence of a high number of major companies and manufacturing facilities in the region. and growing industrialization in countries such as China, India According to Statista, in 2021, the value added in industry in Singapore grew by 13.4 % from the previous year, followed by India 10.3% and China at 8.2% respectively. Furthermore, North America is expected to grow significantly during the forecast period, owing to factors such as growing demand of PVDF in various applications such as oil & gas, and coatings for building & construction industries in the market space.

Major market player included in this report are:

Saudi Basic Industries Corporation
3M Company
Daikin Industries Ltd
RTP company
Shanghai Ofluorine Co. Limited
Gujarat Fluorochemicals Limited
Dongyue Group Limited
Kureha Corporation
Arkema S.A
Zhejiang Fotech International Co. Ltd

Recent Developments in the Market:
 In May 2021, Arkema planned the acquisition of Agiplast, a pioneer in the regeneration of high-performance polymers, particularly specialty polyamides and fluoropolymers in order to meet the rising market expectations in this area. Through this acquisition, Arkema was able to provide customers with a full range of services related to material circularity. This project, which supports the polymer industry's sustainable growth, is completely consistent with Arkema's sustainable growth strategy.

 In Feb 2022, GFL has plans to build an R-410a blending factory in the Middle East. The company also intends to increase the 120tpd to 220tpd capacity of its AHF, which will aid in the supply of vital initial raw materials for fluoropolymer, ref-gas, and battery chemicals.

Global PVDF Resin Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Application, Type, End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Alpha
Beta
Gamma
Delta

By End-user:
Chemical Processing Industry
Electrical and Electronics
Building and Construction
Others

By Application:
Membranes
Wire and Cable
Li-ion Batteries
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World


Companies Mentioned
Saudi Basic Industries Corporation
3M Company
Daikin Industries Ltd
RTP company
Shanghai Ofluorine Co. Limited
Gujarat Fluorochemicals Limited
Dongyue Group Limited
Kureha Corporation
Arkema S.A
Zhejiang Fotech International Co. Ltd

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