PVDF Resin Market Segmentation, Growth Rate Analysis, and In-depth Research Report, 2022

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.

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.

PVDF Resin Market

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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.

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.

Asia-Pacific region is predicted to hold major market share in the PVDF resin market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth in the region, growing demand from various end-user industries such as oil & gas, automotive and aviation, higher production rate, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the PVDF resin market are Daikin Industries, Ltd., Shanghai Ofluorine Chemical Technology Co., Ltd., Shanghai 3F New Materials Co., Ltd., Zhuzhou Hongda Polymer Materials Co., Ltd., Zhejiang Fotech International Co., Ltd., Quadrant Engineering Plastics Products, Inc., Norton Performance Plastics Co., Elf Atochem, Inc., and Kureha Corporation.

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