Polyvinylidene Fluoride, also known as Polyvinylidene Difluoride or PVDF is a highly non-reactive Thermoplastic Fluoropolymer, which is synthesized by the polymerization of Vinylidene Difluoride. PVDF is a specialty plastic used in various applications, wherein the high purity, inertness to solvents, acids and bases are the desired properties. In the market PVDF is available in the form of fine powder grade, which is an essential ingredient in high-end paints for metals and cements. Such PVDF paints have extremely good gloss and color retention. PVDF has successfully penetrated into vast number of industries such as chemicals, electronics, new energy, construction, and pharmaceuticals, among others. A number of applications in which PVDF is significantly used such as piping & tubing, sheets & films, membrane, cable, and an insulator for premium wire. Compared to other Fluoropolymers, such as Polytetrafluoroethylene (Teflon), PVDF has a low density and light weight, which makes it useful in construction and automotive sector. PVDF can be injected, molded or welded to manufacture the polymeric sheets and film, which is commonly used in electronics, medical and defense industries, as well as in lithium-ion batteries. It is also available as a cross-linked, closed-cell foam, which is primarily used in aviation and aerospace applications.
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Increasing demand for PVDF in number of applications in vast end-use industries coupled with rising acceptance of PVDF is a major factor expected to drive growth of the market over the forecast period. Collaborations and strategic alliances between market players and high performance properties of PVDF, which are useful in number of emerging industries such as new energy and electronics is projected to fuel the demand for the product during the forecast period. In addition to this, an increasing demand for lithium-ion batteries, coatings, sheets, and photovoltaic films is posing as an important factor favoring the demand for the product in the Global PVDF Market. The Global Polymer Resin Market is estimated to grow at a significant CAGR of nearly 7% to reach double digit billion dollar figure by the end the review period. This, in turn, is anticipated to boost the demand for PVDF resin in its major end users such as automotive and construction. Increasing threat of substitutes on account of vast ongoing research in polymeric materials and growing environmental & health concerns regarding the product, which is more likely to invite regulations limiting its production. Nevertheless, rapidly increasing end use in new energy sector is poised to drive the market during the forecast period.
Key players in Global PVDF Market are Arkema (France), 3M (Germany), DAIKIN INDUSTRIES, Ltd (Japan), Shanghai Sanai Fu New Material Co., Ltd. (China), Solvay S.A (Belgium), Ofluorine Chemical Technology Co.,LTD. (China), KUREHA CORPORATION (Japan), Zhejiang Fotech International Co.,Ltd. (China), the Quadrant group of companies (Japan), and ZHUZHOU HONGDA POLYMER MATERIALS CO.,LTD (China), among others.
The Global Polyvinylidene Fluoride (PVDF) Market has been segmented on the basis of Resin Type, End Use Industry and Region.
On the basis of Resin Type, the market is divided into alpha, beta, gamma, and delta phase.
Based on End Use Industry, the Global PVDF Market is segmented into chemicals, electrical & electronics, building & construction, oil & gas, pharmaceuticals, and others.
Geographically, the market is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is anticipated to hold a major share of the Global PVDF Market during the forecast period.
The Global PVDF Market is spanned across the five regions including Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is the largest as well as the fastest growing market for PVDF. This region accounts for more than 30% share of the Global PVDF Market as of 2016. A continuous upward trend in building and construction along with emerging use of new energies in this region is anticipated to drive the demand for PVDF in this region. China and India are holding the major share of PVDF Market in this region. North America is closely following Asia Pacific in terms global market size of PVDF. Europe and Asia Pacific together hold more than 50% share of the Global PVDF Market. Huge developments in the electrical and electronics sector and expanding construction industry in the region is driving growth of regional market. The U.S is the largest market in the region owing to the presence of major end users and key players. Europe is another substantial region in the Global PVDF Market. Growing usage of PVDFs in automotive, and aerospace industry along with chemical industry propelling the growth of PVDF market in this region. Countries namely Germany, Italy, the U.K., and France are expected to reach new heights with rise of electronic and light weight vehicles. This trend would continue over the forecast period to boost the demand for PVDF. Other important regions in the Global PVDF Market are Latin America and the Middle East & Africa. Among them, Latin America is growing at a higher CAGR. The Middle East & Africa is projected to join the hands with leading regions in the Global PVDF Market with an increasing end use industries of PVDF in this region.
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