24th April 2019 - The global PVDF Resin Market is subject to witness a substantial growth due to the growing demand for polyvinylidene fluoride (PVDF) for production of semiconductors, wire and cable insulation and artificial membrane in biomedical science. Polyvinylidene fluoride (PVDF) has found vast number of application in various industry verticals and scientific research.
Polyvinylidene fluoride (PVDF) offer properties such as membrane forming, high thermal stability and good chemical resistance. These factors are expected to positively affect market growth over the forecast period. Globally, the market is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the PVDF resin market.
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Applications of (polyvinylidene fluoride) PVDF include removal of pollutants, water treatment, gas separation, bioethanol recovery and wastewater management. Polyvinylidene fluoride (PVDF) considered as is a non-reactive and thermoplastic fluoro-polymer. Polyvinylidene fluoride (PVDF) is manufactured via the polymerization of vinylidene difluoride. Polyvinylidene fluoride (PVDF) consists of both pyroelectric and piezoelectric properties, which are highly appreciated during poling application.
In addition, increasing number of activities such as acquisitions and collaborations by industry participants is anticipated to fuel market demand for polyvinylidene fluoride (PVDF), particularly in Asia Pacific region over the coming years. However, availability of alternatives and rising concerns related to environmental & health hazards coupled with volatile prices are expected to restrain the growth of PVDF resin market to a certain extent.
The market is broadly categorized into five major segments based on the application type such as chemical processing industry, buildings & construction sector, oil & gas industry, electrical & electronics sector, and pharmaceutical industry. The chemical processing industry is considered as one of the fastest growing segment in the market with substantial revenue generation in the last few years. Growing popularity of PVDF resin in the chemical processing industry segment is attributed to its superior chemical properties. The oil & gas industry segment has also witnessed substantial growth owing to the higher market penetration of the product.
• 3M Dyneon
• AGC Chemicals
• Dongyue Group
• Juhua Group
• Quadrant Engineering Plastics Products
• RTP Company
• Shandong Deyi New Material and many others
• Water Treatment
• Chemical Processing
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The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in chemical manufacturing sector, large-scale demand from chemical processing and construction industry, increase in the number of research & development activities in the region and existence of well-established industrial infrastructure.
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