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Global Polyvinylidene Fluoride Market to Grow at a CAGR of 4.45% During 2022-2027, Aided by the Rapid Technological Advancements

According to a new report by EMR titled, ‘Global Polyvinylidene Fluoride Market Report and Forecast 2022-2027’, the market attained a value of about USD 917.1 million in 2021. The industry is further expected to grow at a CAGR of 4.45% in the forecast period of 2022-2027 to reach USD 1190.8 million by 2027.

The rapid industrialisation and development activities in emerging nations are driving the global market for polyvinylidene fluoride. This can be attributed to the heightened demand for polyvinylidene fluoride across industry verticals owing to its exceptional characteristics such as resistance to heat, acids, bases, and low friction. Further, the availability of polyvinylidene fluoride in different form is further invigorating the market. In addition, the growing research to explore the potential use of polyvinylidene fluoride in renewable energy resources is projected to propel the market growth. Also, the rapid technological advancements are further estimated to positively stimulate the market growth in the forecast period.

The rising demand for polyvinylidene fluoride across industry verticals has resulted in increased investments by market players to expand their production capacities, which is predicted to aid the market growth. For instance, in February 2022, Solvay S.A. (OTCMKTS: SVYSF) announced polyvinylidene fluoride capacity investment in Europe to meet the growing demand of EV battery. The company is expanding its production of Solef® polyvinylidene fluoride (PVDF) at its site in France, thus, creating the largest polyvinylidene fluoride production site in the region. In June 2021, Arkema S.A. (OTCMKTS: ARKAY) declared a new breakthrough of renewable polyvinylidene fluoride (PVDF) for lithium-ion batteries. It is environmentally friendly as it does not result in deforestation and reduces the dependence on upstream crude oil. These developments are expected to invigorate the polyvinylidene fluoride industry in the forecast period.

Market Analysis by Application, End-User Industry, and Region:

  • The polyvinylidene fluoride industry, on the basis of application, can be segmented into pipes and fitting, films and sheets, wires and semiconductor processing, coating, membranes, and li-ion batteries.
  • Based on end-user industry, the market can be divided into oil and gas, electrical and electronics, chemical processing, automotive and processing, aerospace and defence, and building and construction, among others.
  • The regional markets for polyvinylidene fluoride include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for polyvinylidene fluoride is being driven by the growing economic and development activities worldwide.
  • The growing demand from various industry verticals, fuelled by the exceptional characteristics of polyvinylidene fluoride such as resistance to heat, acids, bases, and low friction, among others, is further augmenting the market growth.
  • The government initiatives to invest in the development of renewable energy resources are also bolstering the industry growth.
  • The rapid technological advancements and the investments made in research and development activities by the key industry players are expected to propel the market in the forecast period.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for polyvinylidene fluoride for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the applications, end-user industries, and regions of polyvinylidene fluoride.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global polyvinylidene fluoride market are Arkema S.A., Dyneon LLC (3M company), Kureha Corporation, Solvay S.A., Compagnie de Saint-Gobain S.A., RTP Company, Inc., Saudi Basic Industries Corporation, and Shanghai Ofluorine Co. Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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