Global Polyvinylidene Fluoride (PVDF) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Polyvinylidene Fluoride (PVDF) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Polyvinylidene fluoride is an immensely commonly used non-reactive thermoplastic fluoropolymer that is assimilated by the polymerization of advanced and modern vinylidene difluoride. It has properties such as distinguished chemical resistance, massive abrasion resistance, good UV stability, tensile strength, and high wear resistance. PVDF has a specific monomeric repetitive unit of (–CH2–CF2–) and appears in five different crystalline forms that are α phases, β phases, γ phases, δ phases, and ε phases. The phases alter and differ in the crystallographic space group, the total number of formula units per unit cell, different packing of polymer chains, and separate patterning of conformations. PVDF can be easily molded, commonly injected, and easily welded to produce separate polymer sheets and films, which are applied in the manufacturing of a numerous range of applications such as major electrical & electronic, branded piping & tubing, photovoltaic films, national defense equipment, and lithium-ion batteries, among other separate applications.

Market Overview:

The latest research study on the global Polyvinylidene Fluoride (PVDF) market finds that the global Polyvinylidene Fluoride (PVDF) market reached a value of USD 4130.37 million in 2022. It’s expected that the market will achieve USD 4063.07 million by 2028, exhibiting a CAGR of -0.27% during the forecast period.

Increasing demand

The global polyvinylidene fluoride market, along with its end products, has witnessed growth in the past few years. This growth is estimated to increase in the coming years. The high purity, chemical inertness to most acids, aliphatic and aromatic organic compounds, chlorinated solvents, and an upsurge in the demand in coatings, Lithium-ion batteries, flexible flowlines and photovoltaic films will be the key influencing factors for the global PVDF market with the increased emphasis on its different applications and their end-users. Over the medium term, factors driving the growth of the market studied are desirable properties of PVDF in comparison to other fluoropolymers, increasing demand of PVDF-based materials from the military and aerospace sector, and increasing demand for PVDF resins as a binder in lithium-ion battery manufacturing.

Health Concerns

PVDF can cause skin irritation. Contact with liquid PVDF can cause frostbite. Breathing PVDF can irritate the nose, throat and lungs. High or repeated exposure to PVDF can cause headache, dizziness, disorientation, nausea and vomiting. Hence, health concerns regarding the product are hampering the market growth which is more likely to invite regulations limiting its production.

High flammability properties

Polyvinylidene Fluoride is synthesized from the gaseous vinylidene fluoride (VDF) monomer by a free-radical polymerization process. Vinylidene fluoride is flammable liquefied gas, which is difficult to transport and is highly toxic in nature. Vinylidene fluoride can form explosive mixtures when combined with air. High cost associated with transportation of raw materials such as vinyldiene fluoride (VF2) due to its high flammability properties is likely to hamper the market during the forecast period. Additionally, expensive and inert to modification limits its application in many fields. This is expected to obstruct the demand for PVDF during the forecast period.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia Pacific (62.21% in 2021).

Company Overview

Arkema is one of the major players operating in the Polyvinylidene Fluoride (PVDF) market, holding a share of 31.31% in 2021.

Arkema

Arkema SA engages in manufacturing and supply of chemical products. It operates through followings segments: High Performance Materials, Industrials Specialties and Coating Solutions. The High Performance Materials segment includes the Technical Polymers, Filtration and Adsorption and Organic Peroxides business units and provides solutions with high Revenue added, used in varied sectors such as transportation, oil extraction, renewable energies, consumer goods, electronics, construction, coatings and water treatment.

Solvay

Solvay is a science company whose technologies bring benefits to many aspects of daily life. As a global leader in Materials, Chemicals and Solutions, Solvay brings advancements in planes, cars, batteries, smart and medical devices, water and air treatment, to solve critical industrial, social and environmental challenges.

Segmentation Overview:

Among different product types, PVDF Powder segment is anticipated to contribute the largest market share in 2027.

PVDF Granule

PVDF granules are available in distinct white granules, powder appearances, and are multifunctional synthetic, resin materials. Due to their non-polluting and eco-friendly properties, these are widely preferred by manufacturing, agricultural industries over other materials.

PVDF Powder

Polyvinylidene fluoride or polyvinylidene difluoride (PVDF) is a highly non-reactive thermoplastic fluoropolymer produced by the polymerization of vinylidene difluoride. As a fine powder grade, it is an ingredient in high-end paints for metals.

Application Overview:

The market's largest segment by application is the segment Electronics, with a market share of 39.16% in 2021.

Key Companies in the global Polyvinylidene Fluoride (PVDF) market covered in Chapter 3:

Arkema
Kureha
3M
Shandong Deyi
Zhejiang Juhua
Fluorine
Shanghai Huayi 3F New Materials
Solvay
Sinochem Lantian
DAIKIN
Dongyue

In Chapter 4 and Chapter 14.2, on the basis of types, the Polyvinylidene Fluoride (PVDF) market from 2018 to 2029 is primarily split into:

PVDF Granule
PVDF Powder

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Polyvinylidene Fluoride (PVDF) market from 2018 to 2029 covers:

Architectural Coating
Chemicals
Electronics
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)