Polyvinylidene Fluoride (PVDF) Resin Market Overview:
Global Polyvinylidene Fluoride (PVDF) Resin Market was valued at $901 million in 2015, and is expected to reach $1,490 million by 2022, supported by a CAGR of 7.5%. PVDF is the homopolymer of 1, 1-di-fluoro-ethene. Its highly desirable insolubility and electrical properties result from the polarity of alternating CH2 and CF2 groups on the polymer chain. An extremely hard material, porous PVDF may be used at temperatures from -80 to 300°F (-62 to 149°C). No oxidation or thermal degradation occurs during continuous exposure to 300°F (149°C). It is available as piping products, sheet, tubing, films, plate and an insulator for premium wire. It can be injected, molded or welded and is commonly used in the chemical, semiconductor, medical and defense industries, as well as in lithium-ion batteries. It is also available as a cross-linked closed-cell foam, used increasingly in aviation and aerospace applications.
Figure no. 1. Global PVDF Resin Market Segmentation
Rising demand for PVDF resin in various end-user industries, collaborations and strategic alliances between market players and high performance properties coupled with rising acceptance of PVDF resin are some of the important factors that are expected to drive the market growth over the forecast period. However, factors such as increasing threat of substitutes and growing environmental & health concerns coupled with volatile prices are likely to hamper the market growth during the forecast period. Furthermore, a growth in the penetration of PVDF resin in industries such as new energies, oil & gas, automotive and aviation will provide significant opportunities to the industry players across the value chain. Besides, significant investments in research & development activities is expected to provide novel opportunities for the market to grow in the near future.
Figure no. 2. Top Investment Pockets
The report focuses on current market trends and future growth opportunities of PVDF resin, in industries such as chemical processing, electrical & electronics, construction, new energies, oil & gas, pharmaceuticals and other industries such as automotive, food & beverage and aviation, etc. It also emphasizes on the various types of PVDF resin that are commercially available in the market, namely, alpha-, beta-, gamma- and delta-phase PVDF resin. It also analyzes the current market trends of PVDF resin in different geographies and suggests the future growth opportunities by analyzing government regulations & policies, which can further increase the consumer acceptance in that region. The figures provided in this report are based on the demand or consumption quantity across type of material and end-users, at country level. The market value and volumes are further derived by doing bottom-up approach and considering price trends.
Key players in the global PVDF resin market have adopted different business strategies such as capacity & business expansion, partnerships, mergers, acquisitions, joint venture, sales agreement, and product & application development to withstand in the global competitive market. Market players profiled in this report are PVDF resin manufacturers who either use it internally in some applications or supply it to other end-users in the industry. The data pertaining to market players and their strategic moves are gathered through press releases of respective companies, various blogs available on the website, and primary calls made to the experts in the industry.
By end-user industry, chemical processing, construction, oil & gas, new energies, electrical & electronics and pharmaceuticals are some of the major market segments. Further, biomedical and catalyst are expected to be the most attractive markets for new entrants as well as for the industry players.
Figure no. 3. Opportunities in PVDF Resin Market
PVDF resin have unique piezoelectric, mechanical, chemical resistance and U.V resistance properties that are inherent or sometimes, engineered. Increasing disposable income in the emerging economies coupled with significant opportunities in end-user industries are expected to provide significant opportunities for key players operating in the market.
Key trends that drive the market penetration of PVDF resin are:
- New application development and product designing
- Shift towards manufacturing and application of beta-phase PVDF resin as opposed to alpha-phase due to improved properties
- Government support and R&D funding
- Business and capacity expansion by existing players and new entrants
- Increasing collaborations among industry players to meet challenges in the industry
- Production of finished and semi-finished PVDF products in lower-cost regions such as China, India, Vietnam and Malaysia, etc.
The rapid industrialization coupled with an increase in investments in oil & gas, pharmaceuticals, chemicals and automotive industry in China makes it one of the leading countries worldwide, in terms of demand and commercialization of PVDF resin. Key players from Asia-Pacific include Daikin Industries, Ltd., Shanghai Ofluorine Chemical Technology Co. Ltd., Shanghai 3F New Materials Company Limited, Zhuzhou Hongda Polymer Materials Co. Ltd., Zhejiang Fotech International Co. Ltd. and Kureha Corporation, etc.
Figure no. 4. China PVDF Resin Market: 2014‐2022
Source: Primary Research, Government Publications, Company Releases, and AMR Analysis
The PVDF resin manufacturers either use in-house materials or buy from raw material suppliers to process them. Major companies that manufacture PVDF resin are Arkema S.A., Daikin Industries, Ltd., Dyneon GmbH & Co. KG, Kureha Corporation, Solvay S.A., Shanghai 3F New Material Co., Ltd., Shanghai Ofluorine Chemical Technology Co., Ltd., Zhejiang Fotech International Co., Ltd., Zhuzhou Hongda Polymer Materials Co., Ltd., and RTP Company, Inc.
Other players in the value chain include Quadrant Engineering Plastics Products Inc., Norton Performance Plastics, Elf Atochem, Ausimont, Rhodia Solvay Group and SABIC etc.
KEY MARKET BENEFITS OF PVDF RESIN MARKET
- The study provides quantitative analysis of the global PVDF resin market with current trends and future estimations through 2014‐2022 to identify the prevailing market opportunities to capitalize on.
- Extensive analysis by end-user industry and type of crystalline phase predicts the various types of PVDF resin used in different end-user applications.
- Competitive intelligence highlights the business practices followed by leading players across various regions.
- An in-depth analysis of current research and clinical developments within global PVDF resin market is provided with key dynamic factors that affect the market behavior.
- Comprehensive analysis of all geographic regions are provided to determine the prevailing opportunities in these geographies.
Key market players and their strategies are analyzed to identify the competitive outlook.
Key Segments of Polyvinylidene Fluoride (PVDF) Resin Market
The global PVDF resin market is divided based on application and geography.
By Type of Crystalline Phase
By End-user Industry
- Chemical Processing
- Electrical & Electronics
- New Energies
- Oil & Gas
- Pharmaceuticals & Biomedical
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA