by The Global Polyvinylidene Fluoride Market is estimated to be valued at US$ 1338.27 Mn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Polyvinylidene fluoride (PVDF) is a highly non-reactive thermoplastic fluoropolymer produced by the polymerization of vinylidene difluoride. It provides advantages such as low dielectric constant, chemical resistance, UV resistance, and thermal stability. These characteristics make PVDF suitable for use in membranes for water filtration and other industrial separation applications. It is also used as a coating for architectural applications due to its durability and weather resistance. Growing demand from water treatment plants as well as an increase in new construction projects is expected to drive the demand for PVDF over the forecast period.
Market key trends:
One of the key trends in the PVDF market is the growing adoption of PVDF membranes for water filtration. PVDF membranes exhibit excellent chemical resistance and can effectively filter out microorganisms and contaminants from water. They are increasingly being used in ultrapure water production systems as well as residential and commercial water filters. Stringent regulations regarding clean drinking water are prompting investments in water treatment infrastructure worldwide, fueling the demand for PVDF membranes. Additionally, PVDF offers superior strength, durability and thermal stability compared to other fluoropolymers like PTFE. This has resulted in its increased usage in coatings for architectural and industrial applications such as signage, pipes, and semiconductor wafer fabrication. The market is witnessing a rising demand for PVDF from the lithium-ion battery separator industry as well. PVDF battery separators provide safety against short circuits while maintaining high porosity. This makes PVDF an ideal material for lithium-ion batteries used in various devices.
Porter’s Analysis
Threat of new entrants: The Polyvinylidene Fluoride market involves high level of capital investment, thereby posing a moderate threat of new entrants.
Bargaining power of buyers: The bargaining power of buyers is moderate in this market due to presence of several manufacturers providing substitutable products.
Bargaining power of suppliers: The bargaining power of suppliers is low due to availability of alternative raw material suppliers in the market.
Threat of new substitutes: Threat from substitutes is moderate as PVDF competes with a few specialized polymers for specific end use applications.
Competitive rivalry: High competitive rivalry exists among the key players.
Key Takeaways
The Global Polyvinylidene Fluoride Market is expected to witness high growth, exhibiting CAGR of 6.0% over the forecast period, due to increasing demand from electronics and consumer goods industry.
Regional analysis: Asia Pacific dominates the global PVDF market and is expected to maintain its lead over the forecast period.China accounts for the major PVDF demand in the region which is attributed to growing demand from electronics and automotive industry.
Key players: Key players operating in the Polyvinylidene Fluoride market are Arkema, Solvay S.A., Daikin Industries ltd, Zhuzhou Hongda Polymer Materials Co. Ltd., Shanghai 3F New Materials Company Limited, Kureha Corporation, Quadrant Engineering Plastics Products, Shanghai Ofluorine Chemical Technology Co. ltd., Dyneon GmbH, and Zhejiang Fotech International Co. Ltd. Arkema and Solvay are among the leading polymer manufacturers globally.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
