Polyvinylidene Fluoride (PVDF) Market is set to grow at a significant CAGR on account of growing demand
Global Polyvinylidene Fluoride (PVDF) Market by Resin Type (Alpha, Beta, Gamma, and Delta Phase), End Use Industry (Chemicals, Electrical & Electronics, Building & Construction, Oil & Gas, Pharmaceuticals, and Others), Region till 2023
Pune, India – October 20, 2017 /MarketersMedia/ —
Polyvinylidene Fluoride (PVDF) or Polyvinylidene Difluoride is a non-reactive thermoplastic fluoropolymer synthesized by the polymerization of vinylidene difluoride. It is a specialty plastic used in vast number of applications such as piping & tubing, sheets & films, membrane, cable and an insulator for premium wire wherein the high purity, inertness to solvents, and acids and bases are the desired properties. PVDF is available in the form of fine powder grade, in the market, which is an essential ingredient in high-end paints for metals and cements. The PVDF paints have extremely good gloss and color retention. PVDF find its applications into vast number of industries such as chemicals, electronics, new energy, construction, and pharmaceuticals, among others. Rising acceptance of PVDF in emerging industries such as new energies, construction and pharmaceuticals is a major factor expected to drive growth of the market over the forecast period. New energy segment is one the most lucrative segments in the Global PVDF Market, wherein PVDF is majorly used as a resin in photovoltaic cells and lithium ion battery. The Global Polymer Resin Market growing at a significantly higher CAGR of nearly 7% to reach double digit billion dollar figure by the end of 2023, which is anticipated to fuel the demand for the product. However, increasing threat of substitutes and growing environmental & health concerns regarding the product are the major restraints operating in the market.
Market Segmentation:
The Global PVDF Market is categorized on the basis of resin type, end use, and region. On the basis of resin type, which are commercially available the market is segmented into alpha, beta, gamma, and delta phase. All these types of PVDF are majorly used in electrical & electronics industry. Apart from this, the demand is growing from new energy sector around the world. The global new energy market is rapidly heading north and anticipated to reach a trillion dollar mark in near future on account of the rising environmental concerns over exhaustion of conventional energy sources.
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Based on end use industry, the Global PVDF Market is segmented into chemicals, electrical & electronics, building & construction, oil & gas, pharmaceuticals, and others. Among these industries, chemicals industry is holding major share of the market, as of 2016. Electrical & electronics industry is growing at the highest CAGR owing to increasing demand for PVDF resins in number of electronic devices and as an insulating films in electrical applications. Moreover, demand for electronic devices is steadily heading north with an advent of internet and digitization all over the world. Electronic devices accounts for the second largest share of the overall demand for PVDFs in the market. R&D is one of the key factors operating onto the Global PVDF Market. Collaborations and strategic alliances between market players, manufacturing companies, associations, and end-product manufacturers are mulling to infuse higher investments for future advancements and technology modifications of PVDF to replace other plastics and metals and match the new demands coming from various end-user industries. This is posing as substantial opportunity for the market to grow at a higher rate during the forecast period.
Regional Analysis:
Geographically, the Global PVDF Market is divided into five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is the leading region among them owing to increasing demand from automotive, electrical & electronics industry, and new energy sector in this region. India, China, and Japan are the major contributors to the growth of the regional market. North America is the second most significant region in the Global PVDF Market. The U.S. is the leading market in this region due to the presence of well-established end use industries such as aerospace and defense, along with an automotive and chemical industry. Europe is substantial region in the Global PVDF Market. The major markets in this region are the U.K., Germany, France, and Switzerland, wherein, growing demand for PVDF by automotive and chemical industry. Latin America is witnessing steady rise of industrialization with pacifying political and economic scenario in Brazil and Colombia. During the forecast period the region is anticipated to hold a considerable share in the Global PVDF Market. The Middle East & Africa is currently holding the least share in the market.
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Competitive Analysis:
The major players operating in the PVDF Market are Arkema (France), 3M (Germany), DAIKIN INDUSTRIES, Ltd (Japan), Shanghai Sanai Fu New Material Co., Ltd. (China), Solvay S.A (Belgium), Ofluorine Chemical Technology Co.,LTD. (China), KUREHA CORPORATION (Japan), Zhejiang Fotech International Co.,Ltd. (China), the Quadrant group of companies (Japan), and ZHUZHOU HONGDA POLYMER MATERIALS CO.,LTD (China), among others.
Key Points from Table of Contents:
11. Company Profiles
11.1 Arkema
11.1.1 Company Overview
11.1.2 Resin type/Business Segment Overview
11.1.3 Financial Updates
11.1.4 Key Developments
11.2 3M
11.2.1 Company Overview
11.2.2 Resin type/Business Segment Overview
11.2.3 Financial Updates
11.2.4 Key Developments
11.3 DAIKIN INDUSTRIES, Ltd
11.3.1 Company Overview
11.3.2 Resin type/Business Segment Overview
11.3.3 Financial Updates
11.3.4 Key Developments
11.4 Shanghai Sanai Fu New Material Co., Ltd.
11.4.1 Company Overview
11.4.2 Resin type/Business Segment Overview
11.4.3 Financial Updates
11.4.4 Key Developments
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