Polyvinylidene Fluoride (PVDF) Market by Type and Geography - Forecast and Analysis 2022-2026

The polyvinylidene fluoride (PVDF) market share is expected to increase by USD 318.77 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.79%.

This polyvinylidene fluoride (PVDF) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers polyvinylidene fluoride (PVDF) market segmentation by type (homopolymer and copolymer) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The polyvinylidene fluoride (PVDF) market report also offers information on several market vendors, including 3M Co., Aetna Plastics Corp., Aritech Chemazone Pvt. Ltd., Arkema S.A., Daikin Industries Ltd, Devtaar GmbH, Ensinger GmbH, Fotech Co. Ltd., Gujarat Fluorochemicals Ltd., Kureha Corp., Nanoshel LLC, Otto Chemie Pvt. Ltd., Rochling SE and Co. KG, RTP Co., Shanghai Huayi 3F New Materials Co. Ltd., Shanghai Ofluorine Co. Ltd., Simtech Process Systems, Solvay SA, SpecialChem S.A., and Swami Plast Industries among others.

What will the Polyvinylidene Fluoride (PVDF) Market Size be During the Forecast Period?

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Polyvinylidene Fluoride (PVDF) Market: Key Drivers, Trends, and Challenges

The developments in the construction sector are notably driving the polyvinylidene fluoride (PVDF) market growth, although factors such as high costs associated with PVDF may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the polyvinylidene fluoride (PVDF) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Polyvinylidene Fluoride (PVDF) Market Driver

One of the key factors driving growth in the polyvinylidene fluoride (PVDF) market is the development in the construction sector. The demand for PVDF has increased in numerous residential and non-residential buildings, warehouses, factories, shopping malls, and complexes. Many countries have been witnessing major construction projects in recent years owing to growing industrialization and the increasing spending capacity of the population. Furthermore, the increased infrastructure spending in China, Malaysia, India, the Philippines, Indonesia, Thailand, Vietnam, Mexico, the UAE, and Saudi Arabia is expected to drive the growth of the global PVDF market during the forecast period.

Key Polyvinylidene Fluoride (PVDF) Market Trend

The growing demand for electric vehicles (EVs) and electronic products is a polyvinylidene fluoride (PVDF) market trend that is expected to have a positive impact in the coming years. Electrical and electronic devices are getting thinner, lighter, and smarter. To catch up with the newer demand from the electrical and electronic sectors, manufacturers are opting for both direct metal replacement and integration of polymers with the metal to enhance performance. The increasing demand for EVs is driving the demand for PVDF products across the world. PVDF is widely used both as a binder and a separator coating in lithium-ion batteries, which is crucial for manufacturing safer and longer-range performance. For instance, in February 2022, Solvay announced the investment in Europe to expand the high-performance polymer Solef PVDF capacity to meet the growing demand for EV batteries. Such investments are expected to propel the growth of the global PVDF market.

Key Polyvinylidene Fluoride (PVDF) Market Challenge

The high costs associated with PVDF will be a major challenge for the polyvinylidene fluoride (PVDF) market during the forecast period. The high cost of PVDF is associated with fluctuation in raw material prices, which negatively impacts the overall pricing of products. This impedes the growth of the global PVDF market. The demanding applications dictate the use of efficiently performing PVDF, such as heat-resistant fluoropolymers. Such PVDF is ten times more expensive than engineering and commodity thermoplastics, so high-performance heat-resistant fluoropolymers are seldom used in small and medium-sized enterprises (SMEs). Thus, owing to the high cost of heat-resistant fluoropolymers, particularly PVDF, their consumption remains low globally. Such factors are expected to hinder the growth of the global PVDF market.

This polyvinylidene fluoride (PVDF) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global polyvinylidene fluoride (PVDF) market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the polyvinylidene fluoride (PVDF) market during the forecast period.

Who are the Major Polyvinylidene Fluoride (PVDF) Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• 3M Co.
• Aetna Plastics Corp.
• Aritech Chemazone Pvt. Ltd.
• Arkema S.A.
• Daikin Industries Ltd
• Devtaar GmbH
• Ensinger GmbH
• Fotech Co. Ltd.
• Gujarat Fluorochemicals Ltd.
• Kureha Corp.
• Nanoshel LLC
• Otto Chemie Pvt. Ltd.
• Rochling SE and Co. KG
• RTP Co.
• Shanghai Huayi 3F New Materials Co. Ltd.
• Shanghai Ofluorine Co. Ltd.
• Simtech Process Systems
• Solvay SA
• SpecialChem S.A.
• Swami Plast Industries

 

This statistical study of the polyvinylidene fluoride (PVDF) market encompasses successful business strategies deployed by the key vendors. The polyvinylidene fluoride (PVDF) market is fragmented and the vendors are deploying growth strategies such as increasing their market share with the help of M&A to compete in the market.

Product Insights and News

• 3m.com - The company offers polyvinylidene fluoride PVDF such as 3M Dyneon Fluoroplastic PVDF 11010 which is ideal for extrusion and molding applications.

• 3m.com - The safety and industrial segment focuses on industrial abrasives and finishing for metalworking applications, autobody repair solutions, closure systems for personal hygiene products, masking, and packaging materials.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The polyvinylidene fluoride (PVDF) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Polyvinylidene Fluoride (PVDF) Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the polyvinylidene fluoride (PVDF) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Polyvinylidene Fluoride (PVDF) Market?

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60% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for polyvinylidene fluoride (PVDF) in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The high demand for PVDF driven by the growth in applications such as industrial, automotive, and transportation, electrical and electronics, and construction will facilitate the polyvinylidene fluoride (PVDF) market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The demand for PVDF for electrical and electronics applications witnessed certain challenges in H1 2020 due to the outbreak of COVID-19. In addition, governments in countries such as India, China, South Kore, Japan, and Thailand imposed travel restrictions to curb the spread of the disease in 2020, which negatively impacted the demand for PVDF products. However, the initiation of vaccination drives in North America and the increase in investment inflows into end-user industries resulted in the reopening of production plants and the resumption of construction projects in the region in 2021. 

What are the Revenue-generating Type Segments in the Polyvinylidene Fluoride (PVDF) Market?

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The polyvinylidene fluoride (PVDF) market share growth by the homopolymer segment will be significant during the forecast period. Homopolymer PVDF is high in demand due to its higher strength, stiffness, and heat deflection temperature than copolymer PVDF. It also has high purity engineering thermoplastic with exceptional chemical resistance, flame resistance, abrasion resistance, and UV stability. It is widely used in manufacturing pipes and fittings, films and sheets, wire and cable, coatings, membranes, and lithium-ion batteries. Hence, homopolymers PVDF have wide applications in industries such as satellites, aircraft, and commercial and military electronics. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the polyvinylidene fluoride (PVDF) market size and actionable market insights on post COVID-19 impact on each segment.

 

Polyvinylidene Fluoride (PVDF) Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.79%
Market growth 2022-2026	$ 318.77 million
Market structure	Fragmented
YoY growth (%)	6.07
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 60%
Key consumer countries	US, Canada, China, India, Japan, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	3M Co., Aetna Plastics Corp., Aritech Chemazone Pvt. Ltd., Arkema S.A., Daikin Industries Ltd, Devtaar GmbH, Ensinger GmbH, Fotech Co. Ltd., Gujarat Fluorochemicals Ltd., Kureha Corp., Nanoshel LLC, Otto Chemie Pvt. Ltd., Rochling SE and Co. KG, RTP Co., Shanghai Huayi 3F New Materials Co. Ltd., Shanghai Ofluorine Co. Ltd., Simtech Process Systems, Solvay SA, SpecialChem S.A., and Swami Plast Industries
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Polyvinylidene Fluoride (PVDF) Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive polyvinylidene fluoride (PVDF) market growth during the next five years
• Precise estimation of the polyvinylidene fluoride (PVDF) market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the polyvinylidene fluoride (PVDF) industry across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of polyvinylidene fluoride (PVDF) market vendors

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