A CAGR of 9% is expected of the global polyvinylidene fluoride (PVDF) market due to the growing demand during the forecast period. It is anticipated to be appraised at US$ 2,649.99 Mn by 2032, up from US$ 1,119.38 Mn in 2022.
Key providers of polyvinylidene fluoride (PVDF) offer resin-based coatings that provide long-lasting performance in demanding architectural coating applications. These are used by licensed industrial paint manufacturers in formulating hardy, long-lasting coatings for aluminium, galvanized steel, and aluminized steel.
Moreover, the water-based liquid coatings formulated with Aquatec latices can be applied to metals, PVC, textiles, and elastomers. These coatings are exceptionally durable even in the harshest weather conditions and resist both mildew or mould growth and dirt accumulation. These factors are estimated to bolster the demand for PVDF.
Certain important market players further provide CTO polyvinylidene fluoride grades using the mass balance approach under the ISCC+ certification process, which is expected to be produced in their plants in France, especially for its European customers. The initial focus of these players on these grades is specifically targeted at the lithium-ion battery market.
This patent-pending technology is likely to reduce dependence on upstream crude oil consumption and allow a climate change impact reduction of almost 20% of the polyvinylidene fluoride (PVDF) binder. Furthermore, these grades are certified to be compliant with industry-leading responsible forestry standards. This is because the adoption of PVDF does not lead to deforestation and has no direct competition with food crops.
“Minicoat” was a process originally developed by Arkema, a leading market player in the polyvinylidene fluoride market, for the coating of small articles, especially for the coating of adjustors in the lingerie industry. This coating further has various applications such as chemical processing, electronics, the semiconductor industry, food products, healthcare industries, and transportation.
Along with the amenities and several applications, key market players strive to offer various facilities such as expert material advice and technical support and tailored performance via agile manufacturing. In addition, they ensure that their PVDF products demonstrate industry-standard quality and consistency. These aspects contribute to the global PVDF market growth.
The polyvinylidene fluoride (PVDF) product line offered by key providers signifies a combination of copolymers and homopolymers in latex emulsions, powders, and pellets. They further provide a wide range of molecular weights, from very low to extremely high.
Protective coatings made using PVDF offer excellent resistance to UV, radiation, ageing, and improved weathering properties. Moreover, the demand for PVDF is rising in the food industry, which effectuates the availability of FDA-approved grades for food contact.
Very few market players also offer both emulsion and suspension processing and have manufacturing sites in North America, Europe, and Asia Pacific. Polyvinylidene fluoride (PVDF) is penetrating the oil & gas industry as well due to the several properties it presents, such as low permeability to most gases and liquids, continuous service temperature of up to 130 °C - 150 °C, and excellent resistance to Rapid Gas Decompression (RGD).
Furthermore, PVDF is also perfectly suited for the application of subsea oil services. This is attributed to its excellent durable performance in exposure to these conditions and is increasingly being used as a barrier to complex pipe structures that are designed to withstand aggressive oil fluids, high temperatures, and pressures.
The increasing applications of polyvinylidene fluoride are likely to boost its demand across various sectors, as well as expand the global PVDF market size.
| Attributes | Details |
|---|---|
| Polyvinylidene Fluoride (PVDF) Market Size (2022) | US$ 1,119.38 Million |
| Polyvinylidene Fluoride (PVDF) Market Size (2032) | US$ 2,649.99 Million |
| Polyvinylidene Fluoride (PVDF) Market CAGR | 9% |
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Polyvinylidene fluoride, also known as polyvinylidene difluoride (PVDF), is a specialty plastic material belonging to the fluoropolymer family. It is a pure thermoplastic and highly non-reactive fluoropolymer which is produced by the polymerization of vinylidene difluoride.
PVDF is primarily used in applications which require high resistance, strength and purity to solvents, bases, acids and heat. It is also used as an important ingredient in high-end paints for metal roofing in commercial and residential applications.
Membranes of PVDF are widely consumed for the purpose of immobilizing proteins owing to its resemblance to amino acids. PVDF is also used extensively in sheets, films, membranes and coatings in various end-user industries such as chemical processing, oil & gas, construction and energy.
The global market for PVDF, along with its end products has been witnessing noticeable growth over the past few years. Increasing demand for lithium-ion batteries, coatings, and photovoltaic films are anticipated to be some of the major influencing factors for the growth of the market with increased emphasis on its various applications and their end-users.
North America accounted as the largest consumer for PVDF, followed by Asia Pacific. Moreover, future market growth is expected to be from Asia Pacific on account of growing demand of PVDF in various applications such as oil & gas, and coatings for building & construction industries.
The market for PVDF in Western Europe is also expected to grow significantly with certain PVDF expansion projects anticipated to stabilize the overall business in this region.
Other regions such as Eastern and Central Europe as well as Latin America are also expected to host future global events which would supplement the growth of PVDF in different applications. In addition, proposals for improvement in infrastructure, rising residential construction industry and increasing demand for lithium-ion batteries is also expected to fuel the demand for PVDF in these regions.
High demand from different end-user industries such as coatings, photovoltaic films, oil & gas, and electrical are expected to be the major growth factors for the PVDF market. However, increasing use of substitutes to PVDF is expected to slow down the growth of the market.
Research & development (R&D) has been one of the key factors in the PVDF market. Various associations, end-user manufacturers and PVDF manufacturing companies have planned significant investments for future advancements and technology innovations in PVDF to replace other metals and plastics.
This factor is expected to provide new opportunities for the growth of the market. Large scale companies such as Arkema have made significant investments for the expansion of PVDF polymer capacity in emerging economies such as China to meet the rapidly-growing demand for PVDF resins in emerging application such as new energies and water filtration.
Moreover, the company plans to expand its PVDF business portfolio in Brazil with the expansion of their coatings production capacity. The new investment would help the company offer diversified and more domestically-produced additives and waterborne emulsions which are substantially taxed as imports in Brazil.
Arkema, Daikin Industries Ltd., Dyneon GmbH, Shanghai Ofluorine Chemical Technology Co. Ltd., Shanghai 3F New Materials Company Limited, Solvay S.A., Zhuzhou Hongda Polymer Materials Co. Ltd., Zhejiang Fotech International Co. Ltd., Kureha Corporation, Quadrant Engineering Plastics Products Inc. are some of the key manufacturers of PVDF dominating the market.
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Polyvinylidene Fluoride (PVDF) Market
