Depth Research of Polyvinylidene Fluoride (PVDF) Market forecast from 2016 to 2024

Polyvinylidene fluoride (PVDF) is a highly non-reactive thermoplastic fluoropolymer. It is chemically inert to most alcohols, acids, aromatic and aliphatic organic compounds, and chlorinated solvents. It offers properties such as low coefficient of friction, excellent intrinsic fire resistance, operability over a wide range of temperatures, good resistance to UV and radiation, capability for thermoforming, and can be easily joined by welding. Polyvinylidene fluoride is processed by various methods such as machining, injection and extrusion. It is widely used in coatings, lithium-ion batteries and photovoltaic films.

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Polyvinylidene fluoride hoses, pipes and tubes are used in the automobile fuel systems owing to the properties such as impermeable nature and chemical resistivity. In addition to this, PVDF fittings are also used in household and commercial buildings. This has rapidly increased consumption of polyvinylidene fluoride and boosted growth of the PVDF market over the last few years. Polyvinylidene fluoride membranes are highly preferred in various processes, including corrosive chemicals for pumps, manufacturing equipment and transportation containers due to excellent chemical resistance and freedom of operability at elevated temperatures.

Polyvinylidene Fluoride Market Taxonomy

On the basis of application, the global market is classified into:

Pipes
Fittings
Coatings
Sheets
Tubes
Films
Powder
Membranes
Cables

On the basis of product type, the global market is classified into:

Alpha
Beta
Gamma
Delta

On the basis of end use industry, the global market is segmented into:

Oil & Gas
Chemical processing
New energies
Construction

Polyvinylidene fluoride is used in oil & gas industry due to the enhanced properties such as low permeation, low surface energy, non-sticky and non-flammable nature, excellent chemical resistance, excellent aging, environmental stress crack resistance, consistent mechanical behavior over time and superior ductility /flexibility at low temperatures. Polyvinylidene fluoride coatings provide excellent chemical resistance at elevated temperature range. PVDF films are used for windmills which provide better resistance to tough environmental conditions and lower friction for turbine generators and windmill blades.

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Polyvinylidene Fluoride Market Outlook – Increasing Demand for Durable and Light Weight Materials to Fuel Market Growth

Extensive use of polyvinylidene fluoride in the chemical processing, construction and oil & gas industry has led to rapid increase in the consumption of PVDF. This has amplified the growth of polyvinylidene fluoride market over the last few years. Asia Pacific is projected to be one of the major contributors to the polyvinylidene fluoride market. This is mainly attributed to rapidly growing urbanization coupled with increasing demand for advanced thermo plastic products in the region. In 2015, demand for plastic in China rose by 10% as compared to the previous year. Also, India has a well-established base for raw materials required for the plastic industry. This has attracted many polyvinylidene fluoride manufacturers to establish manufacturing units in the region. This trend is expected to be followed over the forecast period.

Volatile price of polyvinylidene fluoride resin is one of the growth inhibitor for polyvinylidene fluoride market. Expansion in various geographies is one of the key strategies followed by the top players to maintain their position in the extensive use of polyvinylidene fluoride in the chemical processing, construction and oil & gas industries has in turn led to rapid growth of PVDF market over the last few years. Some of the major companies operating in the global polyvinylidene fluoride market are Daikin Industries ltd, Zhuzhou Hongda Polymer Materials Co. Ltd., (Japan), Shanghai 3F New Materials Company Limited, Kureha Corporation, Quadrant Engineering Plastics Products, Solvay S.A., Shanghai Ofluorine Chemical Technology Co. ltd., Dyneon GmbH and Zhejiang Fotech International Co. Ltd.

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