Press Release
Press Release
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.
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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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