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Worldwide Polyvinylidene Fluoride (PVDF) Market Revenue Increase to USD 1,952.3 Million,By 2020
Polyvinylidene Fluoride Market
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Polyvinylidene fluoride (PVDF) is an important type of fluoropolymers and it is used widely used in broad range of applications. Polyvinylidene fluoride is a non-reactive and thermoplastic fluoropolymer produced by the polymerization of vinylidene difluoride. PVDF has pyroelectric and piezoelectric properties during poling, paves its way for use in battery and sensor applications. Polyvinylidene fluoride has application in biomedical sciences as an artificial membrane in immunoblotting due to its chemical resistance property. PVDF is widely used in various applications sectors owing their excellent properties such as chemical, corrosion and heat resistance.
The major driving factor for the global PVDF market is strong demand from various end-user industries for PVDF across the globe. Rise in demand for chemical processing industry is in turn driving demand for PVDF. Increasing demand for semiconductors, wire and cable insulation and artificial membrane in biomedical science is also expected to drive the demand of PVDF market. However, environmental regulation and availability of substitutes are expected to remain major concern for the manufacturers.
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Based on application, the global PVDF market can be segmented into chemical processing industry, construction industrial, oil & gas, new energies and other Chemical processing industry was one of the leading application segments. It accounted for around for over 35% share in the PVDF market in 2014. Construction and new energies application segments are also being the fastest growing application segments due to high saturation in all the regions. The Oil & Gas industries are expected to show rapid growth in the future.
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North America was the leading region for PVDF market and accounted for several amount of share in 2014. North America fallowed by Asia-Pacific and Europe. China was the leading country in the consumption of PVDF, due to the large demand from the construction, oil & gas and new energies industries. The revival of global economy has resulted in increasing demand for PVDF across the globe. The countries such as India and Japan are projected to lead the Asia-Pacific PVDF market.
Some of the key participants in the global polytetrafluoroethylene market include Solvay S.A., Arkema, Daikin Industries Ltd, Kureha Corporation, Dyneon Gmbh, Shanghai 3F New Materials, Company Ltd, Zhuzhou Hongda Polymer Co. Ltd, Quadrant Engineering Plastics Products Inc, Zhejiang Fotech International Co. Ltd.and Shanghai Ofluorine Chemical Technology Co. ltd.
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