PVDF Resin Market at a CAGR of 7.5% to 2022 with Top Key Players Arkema, Daikin, Dyneon

 kasturi bagal

Polyvinylidene fluoride (PVDF), also known as polyvinylidene difluoride, is an engineering plastic that belongs to the family of semi-crystalline fluoropolymers. It is a highly non-reactive fluoropolymer produced by the polymerization of vinylidene difluoride (VDF). PVDF is employed in applications involving high resistance, strength, and purity to acids, bases, solvents, and heat. It is also used as an important ingredient in high-end coatings for metal roofing in both, residential and commercial applications. PVDF membranes are widely used for immobilizing proteins owing to their affinity towards amino acids. Moreover, PVDF finds extensive use as sheets, films, tubes, and coatings in various end-user industries such as chemical processing, oil & gas, construction, and electrical & electronics.

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Global PVDF market is expected to grow at a CAGR of 7.5% from 2016 to 2022, and reach $1,490 million by 2022 from $901 million in 2015. The world demand for PVDF resin has witnessed a noticeable growth over the past few years and the trend is expected to continue over the forecast period, owing to increase in demand in numerous applications and government support for R&D to find new commercial avenues. Rise in demand for lithium-ion batteries, photovoltaic films, and coatings is anticipated influence the market growth. PVDF has high demand in Europe, U.S., and other emerging economies such as China, India, and others. However, the increase in use of substitutes is expected to hamper the market growth.

The List of companies covered in this Reports are

Arkema S.A.

Daikin Industries, Ltd.

Dyneon GmbH & Co. KG

Kureha Corporation

Solvay S.A.

Shanghai 3F New Material Co., Ltd.

Shanghai Ofluorine Chemical Technology Co., Ltd.

Zhejiang Fotech International Co., Ltd.

Zhuzhou Hongda Polymer Materials Co., Ltd.

RTP Company, Inc.

The report segments the world PVDF resin market on the basis of end-user industry, type of crystalline phase, and geography. On the basis of end-user industry, it is divided into chemical processing, electrical & electronics, construction, automotive & transportation, new energies, oil & gas, pharmaceuticals & biomedical, and others. Based on type of crystalline phase, the market is segmented into alpha-, beta-, gamma- and delta-phase. The demand for beta-phase PVDF resin is expected to grow at the fastest rate over the forecast period owing to the superior piezoelectric properties. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is expected to be the largest region, both in terms of value and volume, followed by Asia-Pacific and Europe over the forecast period.

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Major players in the world PVDF resin market focus on expanding their geographical presence and broaden their product portfolio by means of significant investments, mergers and collaborations in emerging economies. For instance, major companies such as Arkema S.A. have made significant investments for the expansion of PVDF polymer capacity in emerging economies such as China to meet the rapidly growing demand for PVDF resins. The company is also focused on expanding its portfolio of PVDF resin material in Brazil with the expansion of their coatings production capacity. This strategic investment would help the company offer diversified, more domestically produced additives, and waterborne emulsions, which are substantially taxed as imports in Brazil.

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