Research Report Explores the Polyvinylidene Fluoride (PVDF) Market for the Forecast Period

Polyvinylidene fluoride, also known as polyvinylidene difluoride (PVDF), is a specialty plastic material belonging to the fluoropolymer family. It is a pure thermoplastic and highly non-reactive fluoropolymer which is produced by the polymerization of vinylidene difluoride. PVDF is primarily used in applications which require high resistance, strength and purity to solvents, bases, acids and heat. It is also used as an important ingredient in high-end paints for metal roofing in commercial and residential applications. Membranes of PVDF are widely consumed for the purpose of immobilizing proteins owing to its resemblance to amino acids. PVDF is also used extensively in sheets, films, membranes and coatings in various end-user industries such as chemical processing, oil & gas, construction and energy.

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The global market for PVDF, along with its end products has been witnessing noticeable growth over the past few years. Increasing demand for lithium-ion batteries, coatings, and photovoltaic films are anticipated to be some of the major influencing factors for the growth of the market with increased emphasis on its various applications and their end-users. North America accounted as the largest consumer for PVDF, followed by Asia Pacific. Moreover, future market growth is expected to be from Asia Pacific on account of growing demand of PVDF in various applications such as oil & gas, and coatings for building & construction industries. The market for PVDF in Western Europe is also expected to grow significantly with certain PVDF expansion projects anticipated to stabilize the overall business in this region.

Other regions such as Eastern and Central Europe as well as Latin America are also expected to host future global events which would supplement the growth of PVDF in different applications. In addition, proposals for improvement in infrastructure, rising residential construction industry and increasing demand for lithium-ion batteries is also expected to fuel the demand for PVDF in these regions.

High demand from different end-user industries such as coatings, photovoltaic films, oil & gas, and electrical are expected to be the major growth factors for the PVDF market. However, increasing use of substitutes to PVDF is expected to slow down the growth of the market. Research & development (R&D) has been one of the key factors in the PVDF market. Various associations, end-user manufacturers and PVDF manufacturing companies have planned significant investments for future advancements and technology innovations in PVDF to replace other metals and plastics. This factor is expected to provide new opportunities for the growth of the market. Large scale companies such as Arkema have made significant investments for the expansion of PVDF polymer capacity in emerging economies such as China to meet the rapidly-growing demand for PVDF resins in emerging application such as new energies and water filtration. Moreover, the company plans to expand its PVDF business portfolio in Brazil with the expansion of their coatings production capacity. The new investment would help the company offer diversified and more domestically-produced additives and waterborne emulsions which are substantially taxed as imports in Brazil.

Arkema, Daikin Industries Ltd., Dyneon GmbH, Shanghai Ofluorine Chemical Technology Co. Ltd., Shanghai 3F New Materials Company Limited, Solvay S.A., Zhuzhou Hongda Polymer Materials Co. Ltd., Zhejiang Fotech International Co. Ltd., Kureha Corporation, Quadrant Engineering Plastics Products Inc. are some of the key manufacturers of PVDF dominating the market

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This release was published on openPR.