Press release
Polyvinylidene Fluoride (PVDF) Market to Expand at a CAGR of 9.1%
Albany, NY - Polyvinylidene Fluoride (PVDF) has approximately 59% of fluorine content. It is manufactured from emulsion and suspension processes. Weatherability, high thermal stability, high corrosion resistance, chemical tolerance, and good adhesion are some of the characteristics of polyvinylidene fluoride. Owing to aforementioned properties of polyvinylidene fluoride, it is widely employed in chemical processing, electrical & electronics, building & construction, oil & gas, and automotive industries.In addition, polyvinylidene fluoride is also used in the form of sheets, pipes, coatings, and tubes in various end-use industries. Numerous applications in various end-user industries are likely to boost polyvinylidene fluoride market.
As per a report published by Transparency Market Research, global polyvinylidene fluoride market is likely to expand at a moderate CAGR of 9.1% over the period of forecast period (2019-2027).
Further, polyvinylidene fluoride is also used for coating purpose. It offers excellent chemical, abrasion, and UV resistance. Hence, the coating finds application in building & construction and chemical processing industries.
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Chemical Industry Emerging as Major Consumer Due to Corrosive Resistant Property of PVDF
In addition, demand for polyvinylidene fluoride for manufacturing of pipe and fitting is rising. Implementation of PVDF based pipe allows passage of corrosive fluids in various industries such as oil and gas. This factor is likely to propel demand for polyvinylidene fluoride during the forecast period.
Asia Pacific is anticipated to hold prominent share in the global polyvinylidene fluoride market during forecast period. The region is has been witnessing rise in demand for polyvinylidene fluoride in various industrial components such as piping systems, fabricated vessels, filters, tanks, heat exchangers, valves, tower packing, pumps, and chemical processing industries.
In addition, polyvinylidene fluoride with gloss and fastness is used for architectural coating in several commercial, residential, institutional, and industrial buildings. This, in turn, is fuelling the demand rat polyvinylidene fluoride.
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Implementation of PVDF in Electronic Sector Pushing the Market in Asia Pacific
Further, increasing production rate of semiconductors and lithium-ion batteries in South Korea, Japan, and China are likely to provide lucrative growth opportunities to polyvinylidene fluoride manufactures in the region during the forecast period.
Meanwhile, North America is likely to follow Asia Pacific growth trajectory. The U.S. is one of the leading consumers of polyvinylidene fluoride in the region. Shale gas exploration activities are rising in the region. As a result demand for pipe for natural gas distribution, fuel lines in trucks and automobile, pipes and umbilical cables for offshore exploration, and underground pipe for gas stations is also increasing.
Hence, demand for polyvinylidene fluoride oil and gas industry is expected to growth in coming years.
Some of the prominent players operating in the global polyvinylidene fluoride market are The Quadrant Group of Companies, Kureha Corporation, Ambofluor GmbH & Co., 3M Company, Hubei Everflon Polymer Co. Ltd., Daikin Industries Ltd, Shanghai San Ai Fu New Material Technology Co. Ltd., RTP Company, Arkema Group, Juhua Group Corporation, , Shanghai Ofluorine Chemical Technology Co. Ltd, Solvay Group, Zhejiang Fotech International Co. Ltd., and Rochling GroupEnsinger GmbH KG Ltd.
These companies are enhancing their reach by diversifying their product portfolios. To sustain the growth curve, these companies are launching new products in lithium-ion battery applications.
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