Polyvinylidene Fluoride (PVDF) Market to Grow at 7.6% CAGR during 2019-2024
Growth in end user industries, strong demand for PVDF in Asia-Pacific particularly China, along with growing photovoltaic installations to boost global Polyvinylidene Fluoride (PVDF) market through 2024
According to TechSci Research report, “Global Polyvinylidene Fluoride (PVDF) Market By Application, By End Use Industry, By Region, Competition, Forecast & Opportunities, 2024’’, global polyvinylidene fluoride (PVDF) market is projected to grow at a CAGR of 7.6% during forecast period, owing to growing photovoltaic installations, increasing demand for PVDF from end-use industries including chemical processing, oil and gas owing to its properties such as high performance material and chemical resistance. Other factors like high performance properties of PVDF, rising acceptance of PVDF resin along with strategic alliances between companies are further likely to positively influence global polyvinylidene fluoride (PVDF) market. Polyvinylidene fluoride or polyvinylidene difluoride is a highly non-reactive thermoplastic fluoropolymer produced by the polymerization of vinylidene difluoride. PVDF is a specialty plastic used in applications requiring the highest purity, as well as resistance to solvents, acids and hydrocarbons.
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Global Polyvinylidene Fluoride (PVDF) market has been segmented into application, end-use industry and region. Based on application, the market is segmented as sheets, pipes, coatings, fittings, tubes, powder, films, membranes, & cables. While, based on end-use industry, the market is categorized into chemical processing, construction, electrical and electronics, oil & gas and others. Among end use industries, electrical and electronics is anticipated to be the largest segment due to properties of polyvinylidene fluoride such as high-performance material and chemical resistance. Electrical and electronic devices are frequently subjected to electrostatic abrasion and chemical reactions and PVDF helps to overcome these issues.
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“Regionally, Polyvinylidene Fluoride (PVDF) market has been segmented into North America, South America, Europe, Asia-Pacific and Middle East & Africa. Among these regions, North America accounted for the majority share in global PVDF market. Swift growth is anticipated for Asia-Pacific PVDF market owing to the well-established base for raw materials required for the plastic industry, which attracts many polyvinylidene fluoride manufacturers to establish manufacturing units in the region. Moreover, rapidly growing urbanization and increasing demand for advanced thermo plastic products in the region id further expected to fuel growth in the market. In 2018, demand for plastic in China rose by 12%, as compared to the previous year. This trend is expected to remain same during forecast year as well which is anticipated to steer growth in Asia-Pacific polyvinylidene fluoride market over the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Polyvinylidene Fluoride Market By Application, By End Use Industry, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of Global Polyvinylidene Fluoride (PVDF) market and provides statistics and information on market size, structure and future market growth. The report offers decision makers superior market intelligence, thereby enabling them conduct thorough investment appraisal. Besides, the report also analyzes the evolving market trends along with drivers, challenges and opportunities in Global Polyvinylidene Fluoride (PVDF) market.
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