Polyvinylidene Fluoride (PVDF) Market

Polyvinylidene Fluoride (PVDF) Market Size, Trends & Forecast (2019 - 2025)

The global polyvinylidene fluoride (PVDF) market is expected to be valued at xx metric tons, in terms of volume, in 2019. The market studied is anticipated to reach a value of xx metric tons by 2025, at an estimated CAGR of about xx% over the forecast period of 2019 - 2025.

An increase in demand from the military and aerospace sector, coupled with the consumption of PVDF resins as a binder in lithium-ion battery manufacturing, is expected to drive the market studied. On the flip side, rising demand for PTFE substitutes is expected to hinder the growth of the market studied.

In the aerospace sector, PVDF resins are used to manufacture piezoelectric smart materials, which help in guiding the airflow across the wings of an aircraft and maintaining it during take-off and landing. Therefore, the numerous applications for PVDF resins from the military and aerospace sectors are anticipated to drive the studied market globally.

PVDF resins are used in aerospace transducers, sensors and find their applications as accelerometers (for the measurement of vibration), gyroscopes (for the measurement of the acceleration and pitch of aircraft, missiles, and satellites), and level sensors (e.g., fuel tanks). Boeing 777 is one of the most successful commercial aircrafts in recent times, which uses piezoelectric ceramic material within fuel tank probes. In recent years, there has been an increase in defense expenditure, which has led to an increase in usage for PVDF resins. Countries, like the United States, China, Russia, India, and Saudi Arabia have increased their defense budgets, due to the increasing global unrest.

Scope of the Polyvinylidene Fluoride (PVDF) Market:

Electrical and electronic devices are often subjected to electrostatic abrasion and chemical reactions. PVDF is widely used as pipes, valves, fittings, and vessels for transportation and storage of ultrapure water, hot, and concentrated acids. Furthermore, it is used in the wire and cable market. Inside every electronic device, there exists a complex and compact network of the printed circuit board (PCB) and miniaturized components. These are vulnerable to corrosion, which is expected to impact reliability and shorten the device’s life. PVDF is essentially used as a binder material for electrodes. It is used for producing battery separators while providing various advantages in the design of the separator. Moreover, it is used to form the tar in the coating layer. The consumption of PVDF in the electrical and electronics industry is increasing significantly, primarily due to the increasing demand in countries, such as Brazil, Argentina, China, India, Taiwan, and Indonesia.

Key Developments in the Market

Apr 2018: Arkema started new Kynar fluoropolymer production capacities in the United States.

Apr 2018: Solvay introduced new PVDF, for the protection and performance of rigid and flexible pipes that are used in oil and gas recovery.

Polyvinylidene Fluoride (PVDF) Market - By Region

• North America
• South America
• Asia-Pacific
• Europe
• Middle East & Africa

Regionally, When it comes to PVDF, North America holds the largest share of the market worldwide and the United States is the second-largest producer of PVDF worldwide, after China. Moreover, the US mainliner carrier fleet is expected to grow at a rate of 54 aircraft per year due to the existing fleet getting older. Also, owing to the rapid pace of innovation in the advancement of technology and R&D activities in the electronics industry, there is a high demand for newer and faster electronic products. Similarly, residential construction in the country is projected to have a growth of almost 6% in the forecast period (2018-2023), due to an increase in the construction of single-family housing and multiple-family housing in the country. For all such factors, the market for PVDF is expected to be dominated by North America during the forecast period.

Polyvinylidene fluoride (PVDF) Market  - Report Summary

• Metrics
• Details
• Industry

Polyvinylidene Fluoride (PVDF) Market - Report Coverage

• Revenue forecast
• Market share analysis
• Market dynamics

Reasons to Purchase This Report:

• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The application type that is expected to dominate the market
• The region that is expected to witness the fastest growth during the forecast period
• Identify the latest developments, market share, and strategies employed by the major market players.
• 3 months analyst support along with the Market Estimate sheet (in excel)

The Main Players Covered in this Global PVDF Market Report are:

1. Arkema (France)
2. 3M (Germany)
3. DAIKIN INDUSTRIES Ltd. (Japan)
4. Shanghai Sanai Fu New Material Co., Ltd., LTD. (China)
5. KUREHA CORPORATION (Japan)
6. Zhejiang Fotech International Co., Ltd. (China)
7. Quadrant Group of Companies (Japan
8. ZHUZHOU HONGDA POLYMER MATERIALS CO., LTD (China)