PVDF Resin Market
PVDF Resin Market Size, Share and Industry Forecast 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “PVDF Resin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global PVDF resin market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the PVDF Resin Market?
The global PVDF resin market size reached US$ 944.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,362.1 Million by 2028, exhibiting a growth rate (CAGR) of 6.11% during 2023-2028.
Polyvinylidene fluoride (PVDF) resin is a thermoplastic fluoropolymer resin that is highly inert and stable with enhanced chemical, abrasion, and flame resistance properties. It is manufactured through polymerization of vinylidene difluoride (VDF) and offers high tensile strength, surface hardness, and ultraviolet (UV) protection. It can be easily injected, molded, and welded, and is available as a cross-linked closed-cell foam. Besides this, it assists in providing high chemical resistance for chlorine, bromine, iodine, and other acids at high temperatures. As a result, PVFD resin is widely employed in the construction, automotive, oil and gas, electronics, and pharmaceutical industries across the globe.
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What are the growth prospects and trends in the PVDF resin industry?
At present, the increasing adoption of PVFD resins in the aerospace and defense industry to protect equipment from moisture, shock, and vibrations represents one of the primary factors supporting the growth of the market. In addition, the growing utilization of PVFD resins as a binder for manufacturing lithium-ion batteries to provide high voltage stability is offering a positive market outlook.
Besides this, the rising demand for PVFD resins in the electronics industry in various smartphones and other portable devices around the world is offering lucrative growth opportunities to industry investors.
Furthermore, the increasing utilization of PVFD resins in biomedical sciences as an artificial membrane in immunoblotting is impelling the growth of the market.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
PVDF Granule
PVDF Powder
Breakup by Type of Crystalline Phase:
Alpha
Beta
Gamma
Delta
Breakup by Application:
Coating
Injection and Extrusion Products
Lithium-ion Battery Binders
Photovoltaic Film
Water Treatment Membranes
Filament
Breakup by End Use Industry:
Chemical Processing
Electrical and Electronics
Construction
New Energies
Oil and Gas
Pharmaceutical and Biomedical
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
3M Company, AGC Chemicals (AGC Inc.), Akzo Nobel N.V., Arkema S.A, Daikin Industries Ltd., Dongyue Group, Kureha Corporation, PPG Industries Inc., Sinochem Lantian Co. Ltd., Solvay S.A, The Sherwin-Williams Company and Zhejiang Fotech International Co. Ltd.
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