North America PVDF Resin Market Size, Share & Trends Analysis Report By Type of Crystalline Phase, By End-user, By Application (Li-ion Batteries, Films & Sheets, Pipes & Fittings, Coatings, Membranes, Wire & Cable, and Others), By Country and Growth Forecast, 2023 - 2030
The North America PVDF Resin Market would witness market growth of 6.5% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 21,211.53 Tonnes, showcasing a growth of 5.9% (2019-2022).
PVDF resin is a multipurpose polymer distinguished by its high thermal stability, chemical resistance, mechanical excellence, and distinctive electrical properties. It is utilized in various applications, including actuators, sensors, electrical insulation, wire and cable insulation, and equipment used in chemical processing. In addition, it is powdered and utilized to create additives and solutions. It exhibits high chemical resistance to acids such as iodine, bromine, and chlorine at high temperatures.
PVDF resin has found widespread adoption in the chemical and petrochemical sectors, where its exceptional chemical resistance is a key advantage. The material is used to manufacture pipes, valves, and fittings for conveying corrosive chemicals, acids, and solvents. As industries prioritize the safety and durability of their equipment in harsh chemical environments, the adoption of this has become integral to maintaining operational efficiency.
The emerging field of printed electronics utilizes this for its compatibility with printing processes in Canada. This includes applications such as flexible electronics and printed sensors, contributing to advancements in electronic manufacturing in Canada. With Canada’s expansion of the electric vehicle industry, this is used in various electronic components within EVs. Hence, the factors mentioned above will drive the regional market growth.
The US market dominated the North America PVDF Resin Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $553.3 million by 2030. The Canada market is experiencing a CAGR of 8.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7.9% during (2023 - 2030).
Based on Type of Crystalline Phase, the market is segmented into Alpha, Beta, Gamma, and Delta. Based on End-user, the market is segmented into Chemical Processing, Building & Construction, Electrical & Electronics, Oil & Gas, Automotive, and Others. Based on Application, the market is segmented into Li-ion Batteries, Films & Sheets, Pipes & Fittings, Coatings, Membranes, Wire & Cable, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Arkema S.A.
- Daikin Industries Ltd.
- Solvay SA
- SABIC (Saudi Arabian Oil Company)
- Zhejiang Fotech International Co., Ltd
- Dongyue Group Limited
- RTP Company, Inc.
- 3M Company
- Gujarat Fluorochemicals Limited (INOXGFL Group)
- Kureha Corporation
By Type of Crystalline Phase
- Alpha
- Beta
- Gamma
- Delta
- Chemical Processing
- Building & Construction
- Electrical & Electronics
- Oil & Gas
- Automotive
- Others
- Li-ion Batteries
- Films & Sheets
- Pipes & Fittings
- Coatings
- Membranes
- Wire & Cable
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America PVDF Resin Market, by Type of Crystalline Phase
- 1.4.2 North America PVDF Resin Market, by End-user
- 1.4.3 North America PVDF Resin Market, by Application
- 1.4.4 North America PVDF Resin Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. Recent Strategies Deployed in the PVDF Resin Market
- Chapter 5. North America PVDF Resin Market by Type of Crystalline Phase
- 5.1 North America Alpha Market by Country
- 5.2 North America Beta Market by Country
- 5.3 North America Gamma Market by Country
- 5.4 North America Delta Market by Country
- Chapter 6. North America PVDF Resin Market by End-user
- 6.1 North America Chemical Processing Market by Country
- 6.2 North America Building & Construction Market by Country
- 6.3 North America Electrical & Electronics Market by Country
- 6.4 North America Oil & Gas Market by Country
- 6.5 North America Automotive Market by Country
- 6.6 North America Others Market by Country
- Chapter 7. North America PVDF Resin Market by Application
- 7.1 North America Li-ion Batteries Market by Country
- 7.2 North America Films & Sheets Market by Country
- 7.3 North America Pipes & Fittings Market by Country
- 7.4 North America Coatings Market by Country
- 7.5 North America Membranes Market by Country
- 7.6 North America Wire & Cable Market by Country
- 7.7 North America Others Market by Country
- Chapter 8. North America PVDF Resin Market by Country
- 8.1 US PVDF Resin Market
- 8.1.1 US PVDF Resin Market by Type of Crystalline Phase
- 8.1.2 US PVDF Resin Market by End-user
- 8.1.3 US PVDF Resin Market by Application
- 8.2 Canada PVDF Resin Market
- 8.2.1 Canada PVDF Resin Market by Type of Crystalline Phase
- 8.2.2 Canada PVDF Resin Market by End-user
- 8.2.3 Canada PVDF Resin Market by Application
- 8.3 Mexico PVDF Resin Market
- 8.3.1 Mexico PVDF Resin Market by Type of Crystalline Phase
- 8.3.2 Mexico PVDF Resin Market by End-user
- 8.3.3 Mexico PVDF Resin Market by Application
- 8.4 Rest of North America PVDF Resin Market
- 8.4.1 Rest of North America PVDF Resin Market by Type of Crystalline Phase
- 8.4.2 Rest of North America PVDF Resin Market by End-user
- 8.4.3 Rest of North America PVDF Resin Market by Application
- Chapter 9. Company Profiles
- 9.1 Arkema S.A.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Recent strategies and developments:
- 9.1.4.1 Partnerships, Collaborations, and Agreements:
- 9.1.4.2 Product Launches and Product Expansions:
- 9.1.4.3 Acquisition and Mergers:
- 9.1.5 SWOT Analysis
- 9.2 Daikin Industries Ltd.
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Acquisition and Mergers:
- 9.2.6 SWOT Analysis
- 9.3 Solvay SA
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expenses
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.6 SWOT Analysis
- 9.4 SABIC (Saudi Arabian Oil Company)
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Recent strategies and developments:
- 9.4.4.1 Partnerships, Collaborations, and Agreements:
- 9.4.4.2 Product Launches and Product Expansions:
- 9.4.5 SWOT Analysis
- 9.5 Zhejiang Fotech International Co., Ltd
- 9.5.1 Company Overview
- 9.5.2 SWOT Analysis
- 9.6 Dongyue Group Limited
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 SWOT Analysis
- 9.7 RTP Company, Inc.
- 9.7.1 Company Overview
- 9.7.2 SWOT Analysis
- 9.8 3M Company
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expense
- 9.8.5 SWOT Analysis
- 9.9 Gujarat Fluorochemicals Limited (INOXGFL Group)
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Regional Analysis
- 9.9.4 SWOT Analysis
- 9.10. Kureha Corporation
- 9.10.1 Company Overview
- 9.10.2 Recent strategies and developments:
- 9.10.2.1 Business Expansions:
- 9.10.3 SWOT Analysis
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