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"The Demand for Polyvinylidene Fluoride (PVDF) is Anticipated to Expand at a CAGR of 6.15% during the Forecast Period."
Polyvinylidene fluoride (PVDF) belongs to a fluorine polymer group, which is semi-crystalline thermoplastic. The fluorine content of PVDF is ~ 59% and it is produced by emulsification and suspension procedures. Demand for PVDF is consistent because of its qualities such as chemical resistance, thermally stable, high adhesion, weather ability, and resistance to corrosion. The PVDF market demand high for its high application in rods, sheets, tubing, monofilament & drawn fibres, films, membranes, and cast parts.
Important end-user industries in consumption of PVDF constitutes of building & construction, chemical processing, automotive, PV modules, oil & gas, and electrical & electronics manufacturing companies. PVDF application is also found in the manufacturing of electric vehicles, water treatment, wires & cables, and textiles. Coatings, sheets, films, pipes, and tubes have high usage of PVDF due to its unique properties increasing its demand.
These PVDF resins are high in their performance along with increasing adoption of it is one of the vital forces that are driving its market consumption of PVDF in the forecast period. Factors including the introduction of an alternative to PVDF and increased environmental & health friendly a concern along with volatility in prices is limiting its market growth during the forecast period. Moreover, an increase in the penetration rate of PVDF resin in sectors such as new energies, oil & gas, automotive and aviation shall have a good opportunity of its growth in demand in these industries in the supply chain. Considerable investments in R&D are projected to have good opportunities for market growth.
By Application, the Pipes & Fittings Segment is anticipated to the High Demand during the Forecast Period.
The PVDF has significant performance advantages on different substrates including easy handling, installation, and longer lifespan, hence the demand of PVDF in pipes & fittings of small- and medium-size diameter are at a considerable rate. These piping systems made of PVDF are eco-friendly, installation is easy, resistant to chemicals, and are of low cost. These are also utilized in chemical distribution systems, as these piping systems required being non-reactive towards liquids. Pipes made of PVDF are having good mechanical strength and have the qualities of dielectric, making it a suitable material for usage in the chemical processing and oil & gas industry.
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
The increase in the demand for PVDF among the chemical processing industries is stimulating the market share in the APAC region during the forecast period. Moreover, the need for PVDF along with high color fastness and gloss for different architectural, residential, industrial, commercial, and institutional buildings are in high demand for PVDF. Increased manufacturing of lithium-ion batteries along with a consistent rise in the manufacturing of semiconductors in Japan, China, and South Korea are projected for offering a lucrative opportunity to PVDF producers in APAC.
North America has a prominent consumption of PVDF and hence it is projected to have high market growth. Increased shale gas exploration in North America needs pipes and umbilical cables that are flexible in the offshore, natural gas distribution pipelines, pipe of gas vendors, and fuel pipes in vehicles. Thus it is expected to have a higher demand for PVDF in the oil & gas sectors.
The market for PVDF is having a consolidation and has few players offering these 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.
Key segments of Polyvinylidene Fluoride (PVDF) market:
By End Use Industry:
- Electrical and Electronics
- Chemical Processing
- Oil & Gas
- North America
- Asia pacific
- Middle East and Africa
- Latin America