Polyvinylidene Fluoride (PVDF) Market to Reach USD 1,433.5 Million in 2028 | Solvay S.A., Arkema, SABIC, 3M, Dyneon GmbH
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PVDF market revenue growth is driven by increase in demand for lithium-ion batteries due to advantages and characteristics of PVDF
VANCOUVER, BC, CANADA, June 27, 2022 /EINPresswire.com/ -- The global Polyvinylidene Fluoride (PVDF) market size is expected to reach USD 1,433.5 Million at a steady CAGR of 6.6% in 2028, according to latest analysis by Emergen Research. High demand for PVDF from various end-use industries such as electrical, chemical processing, and construction is driving market revenue growth to a significant extent over the forecast period. Robust performance and increasing adoption of PVDF in a range of applications is expected to continue to fuel revenue growth of the market going ahead.
PVDF market revenue growth is driven by increase in demand for lithium-ion batteries due to advantages and characteristics of PVDF and increasing application scope
Rising investment by major players in R&D of PVDF to explore further scope of applications due to good radiation resistance and abrasion resistance, as well as due to the fact that the material is melt processable is a key factor expected to support market growth going ahead. Products made from PVDF offer resistance to algae and microbial growth. It also resists smoke and fire, damage from ozone exposure, and is naturally unaffected by UV degradation that most plastics are susceptible to. These factors contributing significantly to rising demand for PVDF and the trend is expected to continue going forward.
One of the major applications of PVDF is architectural coatings. PVDF is applied to metals such as aluminum and steel to provides weather-resistance and decorative coating for residential and commercial buildings. It is used for electrical insulation despite high dielectric constant, and in chemical process industry. PVDF also displays piezoelectric properties, which means it is capable of responding to electrical or magnetic fields. However, volatile raw material prices and health concerns due to PVDF is expected to hamper growth of the market to some extent.
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The major manufacturers covered in this report:
Solvay S.A., Arkema, SABIC, 3M, Kureha Corporation, Daikin Industries Ltd., Shanghai Ofluorine Chemical Technology Co. Ltd., Dyneon GmbH, Quadrant Engineering Plastics Products Inc., and Zhuzhou Hongda Polymer Materials Co. Ltd
Segments Covered in this report are:
Application Outlook (Revenue, USD Million; 2018–2028)
Pipes and Fittings
Wires and Semiconductor Processing
Films and Sheets
Membranes
Coatings
Li-ion Batteries
Other Applications
End-use Channel Outlook (Revenue, USD Million; 2018–2028)
Electrical and Electronics
Oil and Gas
Automotive Processing
Building and Construction
Chemical Processing
Aerospace and Defense
Others
Regional Outlook (Revenue, USD Million; 2018–2028)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Spain
BENELUX
Switzerland
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
Israel
Rest Of MEA
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Report Overview: It includes the objectives and scope of the study and gives highlights of key market segments and players covered. It also includes years considered for the research study.
Executive Summary: It covers industry trends with high focus on market use cases and top market trends, market size by regions, and global market size. It also covers market share and growth rate by regions.
Key Players: Here, the report concentrates on mergers and acquisitions, expansions, analysis of key players, establishment date of companies, and areas served, manufacturing base, and revenue of key players.
Breakdown by Product and Application: This section provides details about market size by product and application.
Regional Analysis: All of the regions and countries analyzed in the report are studied on the basis of market size by product and application, key players, and market forecast.
Profiles of International Players: Here, players are evaluated on the basis of their gross margin, price, sales, revenue, business, products, and other company details.
Market Dynamics: It includes supply chain analysis, analysis of regional marketing, challenges, opportunities, and drivers analyzed in the report.
Appendix: It includes details about research and methodology approach, research methodology, data sources, authors of the study, and a disclaimer.
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Key Questions Answered
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Polyvinylidene Fluoride (PVDF) Market Size Worth USD 1,433.5 Million in 2028
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