Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global PVDF Resin Market Outlook

The global PVDF resin market attained a value of about USD 1.11 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 7.60% to reach nearly USD 2.15 billion by 2032.

Global PVDF Resin Market

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Rising Demand for PVDF Resins in the Chemical Industry Bolstering the Market Growth

The increasing use of PVDF resins in the chemical industry owing to their corrosion-resistance and high mechanical strength is driving the industry growth. The durability and toughness of PVDF resins make them ideal for boosting the toughness of chemicals, which is significantly contributing to the growth of the market. Moreover, the incorporation of various additives in PVDF resins is enhancing their physical, chemical, and mechanical properties, which, in turn, is bolstering their demand in the end-use industries and propelling the market growth.

The rising demand for electric vehicles in both developed and developing countries is increasing the preference for lithium-ion batteries with high energy output. As PVDF resins enhance the performance of lithium-ion batteries, they are preferred in electric vehicles, especially cars, which is driving the industry growth. Moreover, the use of PVDF resins in lithium-ion batteries is leading to enhanced safety, high battery density, and excellent power output to enable high voltage for the efficient functioning of electric vehicles, thereby providing further impetus to the market growth.

PVDF Resin: Market Segmentation

PVDF resin, variously known as polyvinylidene fluoride (PVDF) resin, is a thermoplastic that has high thermal stability and excellent mechanical properties. It is an extremely versatile thermoplastic and is primarily used in manufacturing sheets, coatings, and pipes for the construction industry. It also finds its applications in industries like chemical processing, oil and gas, electronics, and energy, among others.

Global PVDF Resin Market by Segments

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The major types of PVDF resin are:

  • Alpha
  • Beta
  • Gamma
  • Delta

The market can be broadly categorised on the basis of its end-use industries into:

  • Chemical processing
  • Construction
  • Electrical and Electronics
  • Oil and Gas
  • New Energies
  • Pharmaceuticals and Biomedical
  • Others

Based on applications, the market is divided into:

  • Resins
  • Filaments

The EMR report looks into the regional markets of PVDF resin like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global PVDF Resin Market by Region

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Growing Use of PVDF Resins in the Electronics Industry to Propel the Growth of the Market

The growing use of PVDF resins in the electronics industry to control static electricity conduction or formation is augmenting the growth of the market. As PVDF resins feature high electroactive response, they are increasingly utilised in the development of sensors, capacitors, and actuators, among others, hence driving the market growth. The increasing demand for PVDF resins in the binding of cathodes and anodes in lithium-ion batteries in the electronics industry is also fuelling the market growth.

With the growing demand for high-end and diverse applications in electronic devices, PVDF is deployed to enhance insulation and data communications, which, too, is propelling the industry growth. In addition, the increasing trend of automation of electronic devices is escalating the demand for PVDF resin in automation equipment, thus providing impetus to the growth of the market. The excellent electromechanical properties of PVDF resin are surging its scope in applications like pumps and microvalves in biomedical engineering and robotics, which is anticipated to further bolster the industry growth.

Key Industry Players in the Global PVDF Resin Market

The report presents a detailed analysis of the following key players in the global PVDF resin market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • 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
  • Shanghai Huayi 3F New Materials Co., Ltd.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • End-Use Industry
  • Application
  • Region
Breakup by Type
  • Alpha
  • Beta
  • Gamma
  • Delta
Breakup by End-Use Industry
  • Chemical processing
  • Construction
  • Electrical and Electronics
  • Oil and Gas
  • New Energies
  • Pharmaceuticals and Biomedical
  • Others
Breakup by Application
  • Resins
  • Filaments
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others 
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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
  • Shanghai Huayi 3F New Materials Co., Ltd.
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global PVDF resin market attained a value of nearly USD 1.11 billion.

The market is projected to grow at a CAGR of 7.60% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 2.15 billion by 2032.

The market is being propelled by the rising use of PVDF resins in the chemical industry, the incorporation of additives in PVDF resins to boost their properties, and the growing demand for highly efficient lithium-ion batteries.

The industry is predicted to be propelled by the rising use of PVDF resins in the electronics industry, the growing demand for electronic devices with diverse applications, and the increasing scope of PVDF resins in robotics and biomedical engineering.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major types of PVDF resin in the industry are alpha, beta, gamma, and delta.

The significant end-use industries in the market are chemical processing, construction, electrical and electronics, oil and gas, new energies, and pharmaceuticals and biomedical, among others.

The various applications of PVDF resin are resins and filaments.

The major players in the industry 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.

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