The global PVDF
resin market is subject to witness a substantial growth
due to the growing demand for polyvinylidene fluoride (PVDF) for production of
semiconductors, wire and cable insulation and artificial membrane in biomedical
science. Polyvinylidene fluoride (PVDF) has found vast number of application in
various industry verticals and scientific research.
Polyvinylidene fluoride (PVDF) offer
properties such as membrane forming, high thermal stability and good chemical
resistance. These factors are expected to positively affect market growth over
the forecast period. Globally, the market is predicted to generate massive
revenue over next seven years, providing numerous opportunities for market
players to invest for research and development in the PVDF resin market.
Applications of (polyvinylidene fluoride)
PVDF include removal of pollutants, water treatment, gas separation, bioethanol
recovery and wastewater management. Polyvinylidene fluoride (PVDF) considered
as is a non-reactive and thermoplastic fluoro-polymer. Polyvinylidene fluoride
(PVDF) is manufactured via the polymerization of vinylidene difluoride.
Polyvinylidene fluoride (PVDF) consists of both pyroelectric and piezoelectric
properties, which are highly appreciated during poling application.
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In addition, increasing number of
activities such as acquisitions and collaborations by industry participants is
anticipated to fuel market demand for polyvinylidene fluoride (PVDF),
particularly in Asia Pacific region over the coming years. However,
availability of alternatives and rising concerns related to environmental &
health hazards coupled with volatile prices are expected to restrain the growth
of PVDF resin market to a certain extent.
The market is broadly categorized into
five major segments based on the application type such as chemical processing
industry, buildings & construction sector, oil & gas industry,
electrical & electronics sector, and pharmaceutical industry. The chemical processing
industry is considered as one of the fastest growing segment in the market with
substantial revenue generation in the last few years. Growing popularity of
PVDF resin in the chemical processing industry segment is attributed to its
superior chemical properties. The oil & gas industry segment has also
witnessed substantial growth owing to the higher market penetration of the
product.
The market is divided by region as
North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise in the implementation
of latest technologies in chemical manufacturing sector, large-scale demand
from chemical processing and construction industry, increase in the number of
research & development activities in the region and existence of
well-established industrial infrastructure.
Asia-Pacific region is predicted to
hold major market share in the PVDF resin market with massive growth in
forecast period. Countries such as India, China and Singapore are leading the
Asia-Pacific market with strong economic growth in the region, growing demand
from various end-user industries such as oil & gas, automotive and
aviation, higher production rate, and significant investment by leading
industry players considering potential growth opportunities in the region.
The key players in the PVDF resin
market are Daikin Industries, Ltd., Shanghai Ofluorine Chemical Technology Co.,
Ltd., Shanghai 3F New Materials Co., Ltd., Zhuzhou Hongda Polymer Materials
Co., Ltd., Zhejiang Fotech International Co., Ltd., Quadrant Engineering
Plastics Products, Inc., Norton Performance Plastics Co., Elf Atochem, Inc.,
and Kureha Corporation.
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