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Global Polyvinylidene Fluoride (PVDF) Market is Anticipated to Expand at a CAGR Of 6.15% during the Forecast Period
The market of Polyvinylidene fluoride is anticipated to increase its substantial demand among the countries. The growth of PVDF is steadily increasing due to its peculiar qualities such as chemical resistance and thermally stable, high adhesion, weatherability, and its greater resistance to corrosion. The PVDF market is utilized among rods, sheets, tubing, monofilament & drawn fibres, films, membranes, and cast parts. End-user industries of PVDF that are vital for its demand are building & construction, chemical processing, automotive, PV modules, oil & gas, and electrical & electronics manufacturing companies. Suitable application of PVDF is also among vehicle manufacturers, water treatment, wires & cables, and textiles where it plays a prominent role. PVDF is also stimulated in its market demand due to its usage as coatings, sheets, films, pipes, and tubes among different sectors.
The Demand for Polyvinylidene Fluoride (PVDF) is Anticipated to Expand at a CAGR Of 6.15% during the Forecast Period.
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By application, the Pipes & Fittings segment is anticipated for a high demand during the forecast period.
The PVDF has a considerable advantage when used on various substrates and also it is easy to handle and install, longer lifespan its chemical resistance. Demand for PVDF in pipes & fittings of small- and medium-size diameter are considerably high. The piping systems consist of PVDF that are eco-friendly, its installing is easy, resistant to chemicals, and has a lower price. They are highly utilized among chemical distribution systems because they need to be non-reactive towards liquids. PVDF application in the pipes has greater mechanical strength with good dielectric qualities, thus it is suitable in material for use in chemical processing and, oil & gas sectors.
The Polyvinylidene Fluoride (PVDF) Market in the Asia Pacific Accounted For the Largest Share in 2018 and Is Expected To Remain Dominant during the Forecast Period
Growth in PVDF products is observed in chemical processing industries that are flourishing in the market if the APAC region during the forecast period. However, increased need for PVDF for high colour fastness and gloss for different architectural, residential, industrial, commercial, and institutional buildings projects are growing. Producers of lithium-ion batteries are consistent in Japan, China, and South Korea that is generating lucrative opportunities for PVDF producers in the APAC region.
PVDF pipes and fittings are highly demanded by developing countries because of increased infrastructure projects. The chemical processing sector is the largest user of PVDF in pipes and fittings. Thus they find applications in distribution systems of various kinds. Additionally, the growth of commercial and residential construction and a rise in infrastructural development is expected to spur the growth of the market in near the future.
The market for PVDF is consolidated and has a few players offering PVDF products to the end-user industries globally. The competition is high among the few players due to their significant demand among the customers. Prominent players that are offering the Polyvinylidene Fluoride (PVDF) constitutes of 3M Company, Arkema Group, Solvay Group, Rochling Group, Shanghai Ofluorine Chemical Technology Co., Ltd, The Quadrant Group of Companies, Daikin Industries Ltd, RTP Company, Ensinger GmbH, Ambofluor GmbH & Co. KG, Shanghai San Ai Fu New Material Technology Co., Ltd., Zhejiang Fotech International Co. Ltd., Hubei Everflon Polymer Co., Ltd., and Juhua Group Corporation.
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