The Global PVDF Resin Market size is expected to reach $3.3 billion by 2030, rising at a market growth of 7.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,06,299.37 Tonnes, experiencing a growth of 6.5% (2019-2022).
The non-stick properties of PVDF coatings make them easy to clean. Therefore, the coatings segment captured $250.68 million revenue in the market in 2022. The surfaces coated with PVDF are less prone to accumulating dirt, making them suitable for applications where cleanliness and hygiene are essential. PVDF coatings are chemically inert, meaning they do not react with various chemicals. This inertness contributes to their stability and effectiveness in protecting surfaces from chemical exposure.
PVDF-coated metal panels and roofing systems are popular in construction projects. The material’s resistance to environmental factors, including sunlight and harsh weather conditions, makes it suitable for roofing applications. PVDF-coated panels and sidings are employed for exterior walls, providing decorative and protective features.
PVDF resin is employed in the production of lightweight components in automobiles. Its low density and high strength contribute to the overall weight reduction of vehicles, enhancing fuel efficiency and performance. This is employed in producing tubing and hoses used in automotive systems. Thus, because of the expansion in automotive manufacturing, the market is anticipated to increase significantly.
However, PVDF resin faces stiff competition from alternative materials, some of which may be lower-cost options. Industries with stringent budget constraints may opt for alternative polymers, potentially affecting the market growth of the market in price sensitive. Due to the high cost of raw ingredients, this may find it difficult to maintain competitive pricing for their products or services. Therefore, high production cost is a significant challenge that hampers the growth of the market.
The non-stick properties of PVDF coatings make them easy to clean. Therefore, the coatings segment captured $250.68 million revenue in the market in 2022. The surfaces coated with PVDF are less prone to accumulating dirt, making them suitable for applications where cleanliness and hygiene are essential. PVDF coatings are chemically inert, meaning they do not react with various chemicals. This inertness contributes to their stability and effectiveness in protecting surfaces from chemical exposure.
PVDF-coated metal panels and roofing systems are popular in construction projects. The material’s resistance to environmental factors, including sunlight and harsh weather conditions, makes it suitable for roofing applications. PVDF-coated panels and sidings are employed for exterior walls, providing decorative and protective features.
PVDF resin is employed in the production of lightweight components in automobiles. Its low density and high strength contribute to the overall weight reduction of vehicles, enhancing fuel efficiency and performance. This is employed in producing tubing and hoses used in automotive systems. Thus, because of the expansion in automotive manufacturing, the market is anticipated to increase significantly.
However, PVDF resin faces stiff competition from alternative materials, some of which may be lower-cost options. Industries with stringent budget constraints may opt for alternative polymers, potentially affecting the market growth of the market in price sensitive. Due to the high cost of raw ingredients, this may find it difficult to maintain competitive pricing for their products or services. Therefore, high production cost is a significant challenge that hampers the growth of the market.
By Type of Crystalline Phase Analysis
By type of crystalline phase, the market is categorized into alpha, beta, gamma, and delta. In 2022, the alpha segment held 49.6% revenue share in the market. Alpha-phase PVDF resin is well-suited for applications in the chemical processing industry. Its excellent chemical resistance makes it ideal for manufacturing pipes, fittings, valves, and other equipment for transporting corrosive chemicals and solvents.By End-user Analysis
On the basis of end-user, the market is divided into chemical processing, electrical & electronics, building & construction, oil & gas, automotive, and others. The building & construction segment recorded 23.2% revenue share in the market in 2022. PVDF-coated metal panels and roofing systems are popular in the construction industry. The material’s resistance to environmental factors, including sunlight and harsh weather conditions, makes it suitable for roofing applications.
By Application Analysis
Based on application, the market is classified into pipes & fittings, films & sheets, coatings, membranes, wire & cable, Li-ion batteries, and others. In 2022, the Li-ion batteries segment witnessed 41.0% revenue share in the market. PVDF resin is commonly used as a binder material in the production of Li-ion batteries. It helps hold together the active materials, conductive additives, and other components in the battery electrode, providing mechanical strength and stability.By Regional Analysis
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region acquired 24.9% revenue share in the market. PVDF membranes are extensively used in North America for water and wastewater treatment applications. North America’s chemical processing industry relies on PVDF resin to manufacture pipes, fittings, valves, and other equipment. The electronics industry in North America utilizes PVDF resin to produce electrical components, including wires, cables, connectors, and insulation materials.Recent Strategies Deployed in the Market
- Aug-2023: Solvay SA entered into an agreement with AGRU Kunststofftechnik GmbH, a company operating in engineering plastics. Under this agreement, the companies supplied Solef polyvinylidene fluoride (PVDF) required for manufacturing ultra-pure water piping systems in the semiconductor industry.
- Aug-2023: Kureha Corporation expanded its business by constructing a polyvinylidene fluoride (PVDF) plant in Fukushima, Japan. The new plant has a capacity to provide PVDF production of 8000 metric tons per day after its completion in 2026.
- Jul-2023: Arkema S.A. came into a partnership with Polymem, a company manufacturing hollow fibre membranes for cartridges and modules, and S.A.S. Tergys, a green energy and water supplier. Under this partnership, the companies provided safe drinking water to the remote areas.
- Jul-2023: AirReps, a subsidiary of Daikin Comfort Technologies North America, Inc., a subsidiary of Daikin Industries Ltd., completed the acquisition of Integrated Systems and Controls, LLC, a company providing hardware and software solutions, and InControl, a company providing a variety of services and applications. Through this acquisition, the companies satisfied the demand for integrated services in the commercial market. Additionally, the acquisition offered several services to the customers.
- Jul-2023: SABIC launched the PCR-based NORYL resin technology. The new technology is utilized in over 200 existing NORYL resin grades and in a variety of new grades to satisfy the requirements of customers. Additionally, the new product is produced using more than 25 percent post-consumer recycled (PCR) content and thus offers sustainable options to customers.
List of Key Companies Profiled
- Arkema S.A.
- Daikin Industries Ltd.
- Solvay SA
- SABIC (Saudi Arabian Oil Company)
- Zhejiang Fotech International Co., Ltd
- Dongyue Group Limited
- RTP Company, Inc.
- 3M Company
- Gujarat Fluorochemicals Limited (INOXGFL Group)
- Kureha Corporation
Market Report Segmentation
By Type of Crystalline Phase- Alpha
- Beta
- Gamma
- Delta
- Chemical Processing
- Building & Construction
- Electrical & Electronics
- Oil & Gas
- Automotive
- Others
- Li-ion Batteries
- Films & Sheets
- Pipes & Fittings
- Coatings
- Membranes
- Wire & Cable
- Others
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. Global PVDF Resin Market by Type of Crystalline Phase
Chapter 6. Global PVDF Resin Market by End-user
Chapter 7. Global PVDF Resin Market by Application
Chapter 8. Global PVDF Resin Market by Region
Chapter 9. Company Profiles
Companies Mentioned
- Arkema S.A.
- Daikin Industries Ltd.
- Solvay SA
- SABIC (Saudi Arabian Oil Company)
- Zhejiang Fotech International Co., Ltd
- Dongyue Group Limited
- RTP Company, Inc.
- 3M Company
- Gujarat Fluorochemicals Limited (INOXGFL Group)
- Kureha Corporation
Methodology
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