by Polyvinylidene fluoride or PVDF is a highly non-reactive fluoropolymer utilized for its superior chemical and corrosion resistance in industrial pipes, fittings, valves, and chemical equipment applications. PVDF coatings offer protection against a broad range of aggressive chemicals, acids, bases, and solvents.
The global Polyvinylidene Fluoride Market is estimated to be valued at US$ 1541.69 million in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growing demand from the construction industry has been a major factor propelling the growth of the global polyvinylidene fluoride market. PVDF coatings and membranes are widely used in architectural constructions for their durability and ability to withstand harsh climatic conditions. They provide corrosion protection to piping systems, tubing, valves and fittings used extensively in large infrastructure projects such as high-rise buildings, bridges, tunnels, and stadiums. The superior mechanical and thermal stability of PVDF allows it to serve as an efficient protective barrier against corrosion for up to 25-30 years in aggressive construction environments. Its non-reactive, non-toxic properties also make PVDF coatings compliant with the stringent environmental & health standards for building materials.
SWOT Analysis
Strength: PVDF exhibits high chemical resistance, thermal stability and weatherability. These properties make it suitable for use in applications requiring durability under harsh conditions.
Weakness: PVDF is more expensive than conventional plastics such as polypropylene and polyethylene. This higher cost can limit its use in commodity applications.
Opportunity: Increasing use of PVDF in lithium-ion battery separators is a significant opportunity. Growth in electric vehicles is driving demand for high-performance battery technologies.
Threats: Volatility in raw material prices can increase production costs. Fluctuations in the cost of raw materials like vinylidene fluoride can negatively impact profit margins.
Key Takeaways
The global polyvinylidene fluoride market is expected to witness high growth over the forecast period of 2024 to 2031. Global Polyvinylidene Fluoride Market Size is estimated to be valued at US$ 1541.69 million in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period 2024 to 2031.
Asia Pacific region currently dominates the global PVDF market and is expected to remain the largest market during the forecast period. Rapid industrialization and growth of end-use industries such as automotive, construction and electrical & electronics in countries such as China and India are driving the demand for PVDF in the region.
Key players operating in the polyvinylidene fluoride market are Arkema, Solvay SA, Daikin Industries Ltd., Dyneon GmbH, Kureha Corporation, Shanghai 3F New Materials Company Limited, Quadrant Group of Companies, Zhejiang Fotech International Co.,Ltd. and Zhuzhou Hongda Polymer Materials Co. Ltd. Key players are focusing on new product development and capacity expansion strategies to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
