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Global PVDF Resin Market to Reach USD 1.49 Billion by 2027, Driven by the Rising Demand Across Various End-Use Industries

According to a new report by EMR titled, ‘Global PVDF Resin Market Report and Forecast 2022-2027’, the global market for PVDF resin attained a value of about USD 0.96 billion in 2021. The industry is further expected to grow at a CAGR of 7.60% in the forecast period of 2022-2027 to reach a value of approximately USD 1.49 billion by 2027.

The Asia Pacific region accounts for a significant share of the PVDF resin industry owing to the rising demand for the thermoplastic in various end-use industries. The rapid industrialisation in developing countries like India, Indonesia, and Vietnam, among others in the region is surging the use of PVDF resins, which is propelling the market growth. With the robust rise of the manufacturing industry in the region, especially in India and China, the demand for PVDF resin in versatile industries ranging from automobiles to chemical processing is surging, hence fuelling the industry growth. In addition, the exponential rise of the population, along with rapid urbanisation, is leading to the robust growth of the construction industry. This, in turn, is escalating the use of PVDF coatings and invigorating the growth of the PVDF resin industry. As the manufacturing and demand for electronic devices is significantly surging in the region, the market for PVDF resin is poised to witness robust growth in the coming years.

Arkema S.A. (OTCMKTS: ARKAY), one of the leading companies in the market, launched Kynar PVDF range in June 2021. The product range features sustainable grades that are made up of renewable carbon derived from crude-oil bio feedstock. The product range is expected to be produced in the company’s Pierre-Benite plant in France for its European customers. The plant is predicted to initially manufacture PVDF that is targeted for the lithium-ion battery industry. The technology used in the production of the product range marks a significant step to combat rapid climate change while reducing the dependence on upstream crude oil consumption. The company is projected to manufacture PVDF range using fluorine derived from the agricultural industry. The products are estimated to be commercialised by 2022. Such developments are fuelling the growth of the market.

Market Analysis by Type, End-Use Industry, Application, and Region:

  • The market, on the basis of type, can be divided into alpha, beta, gamma, and delta.
  • Based on end-use industry, the industry can be divided into chemical processing, construction, electrical and electronics, oil and gas, new energies, and pharmaceuticals and biomedical, among others.
  • The major applications of PVDF resin include resins and filaments.
  • The regional markets for PVDF resin include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing use of PVDF resin to enhance the toughness, corrosion-resistance, and mechanical strength of chemicals is propelling the market growth.
  • The industry is being aided by the increasing deployment of PVDF resins in lithium-ion batteries to boost the performance, energy-efficiency, and safety of electric vehicles.
  • The high electroactive response and the ability of PVDF resins to control static electricity formation and conduction is surging their demand in the electronics industry, hence driving the market growth.
  • The growing trend of automation of electronic devices is increasing the use of PVDF resin to boost data communications and insulation, which is providing impetus to the growth of the industry.

Key Offerings of the Report:

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

The major players in the global PVDF resin market are Kureha Corporation, RTP Company, Inc., Arkema S.A., Shanghai Ofluorine Co., Limited, 3M Company, Solvay SA, Zhejiang Fotech International Co., Ltd., Daikin Industries, Ltd., Zhuzhou Hongda Polymer Materials Co., Ltd, and Shanghai Huayi 3F New Materials 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.

About Us:

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.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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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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