A semi-crystalline thermoplastic, Polyvinylidene Fluoride (PVDF) belongs to fluorine polymers group, carrying about 59% fluorine. It can be produced using processes like suspension and emulsion. It sees a steady demand owing to its useful properties like resistance to chemicals and proper adhesion, high corrosion resistance and high thermal stability.
It is vastly used in sheets, rods, membranes, tubing, cast parts, and automotive. Thus, it comes as no surprise that growth in industries such as construction and building, oil and gas, automotive and electronics, will drive growth in the global polyvinylidene fluoride market. This is also used in water treatment, textiles, and electric vehicles as coating, sheets, films and so on.
As per a Transparency Market Research (TMR) study report on the PVDF market dynamics, it is predicted that it will chart an impressive CAGR (Compound Annual Growth Rate) of 9.1% over the forecast period of 2019 to 2027.
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The analysts at TMR also claim that one of the major growth factors will be heavy use in chemical processing and that owing to rapid industrialization, Asia Pacific (APAC) region will chart a significant CAGR. Besides, this region will witness chemical processing industry handling navigating a corrosive and harsh landscape over the forecast period.
Increase in Building and Construction Volumes to Propel Global Polyvinylidene Fluoride Market over the Forecast Period
It is also pertinent to note here that buildings and construction industry is set to experience a massive increase in volumes over the next ten years. A recent study sponsored by PwC states that as per their report – Construction 2030 – volumes in construction will rise by 85%. That means accrued market worth would touch the USD 15.5 trillion mark by the end of 2030.
Here again, it is quite pertinent to note that out of this total growth, 57% will be accounted for by just three nations – China, India and the United States of America.
This does not come as a surprise considering that population is also increasing simultaneously. In the next 30 years, 2 billion new people will be added to the population taking the number up to 9.7 billion from the current 7.7 billion. Now, here, it is understandable that all these people will need infrastructure. They will need civic amenities, residential spaces, recreational spaces and commercial buildings.
Intense Competition to be Witnesses among Global Polyvinylidene Flouride Market Players over the Forecast Period
The global polyvinylidene fluoride market is fragmented owing to a large number of players occupying the market playfield. Some of the key players in the global polyvinylidene fluoride market include Kureha Corporation, 3M Company, Arkema Group, Solvay Group, Rochling Group, Shanghai Ofluorine Chemical Technology Co., Ltd, The Quadrant Group of Companies, Daikin Industries Ltd, RTP Company, Ensinger GmbH, Ambofluor GmbH & Co. KG.
The global polyvinylidene fluoride market report is segmented as presented below:
Global Polyvinylidene Fluoride (PVDF) Market, by Type
Global Polyvinylidene Fluoride (PVDF) Market, by Product
Global Polyvinylidene Fluoride (PVDF) Market, by End-user
- Chemical Processing
- Oil & Gas
- Electrical & Electronics
- Building & Construction
- Others (including Food & Beverage Equipment, Fishing Lines, Aerospace, and Nonwoven Fabrics)
Global Polyvinylidene Fluoride (PVDF) Market, by Region
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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