Polyvinylidene Fluoride (PVDF) Market Research Report - Global Forecast till 2025

Global Polyvinylidene Fluoride (PVDF) Market: Information by Polymorphs Type (α Phases, β Phases, γ Phases, δ Phases, ε Phases, ), Product Type (Pellets, Powder, Latex Emulsions, Films), Application (Piping & Tubing, Wires & Cables, Photovoltaic Films, Membranes, Li-Ion Batteries, Coating for Energy & Electronic Devices, Others), End-Use Industry (Electrical & Electronics, Chemical Processing, Automotive, Oil & Gas, Construction, Others) - Forecast till 2025

ID: MRFR/CnM/3058-CR | April 2020 | Region: Global | 449 pages

Market Overview


Global Polyvinylidene Fluoride (PVDF) Market was valued at USD 746 Million in 2018 and is projected to reach USD 1,169 Million by 2025, at a CAGR of 6.7%. Polyvinylidene fluoride is a highly non-reactive thermoplastic fluoropolymer that is synthesized by the polymerization of vinylidene difluoride. It possesses properties such as excellent chemical resistance, abrasion resistance, UV stability, tensile strength, and wear resistance. PVDF has a monomeric repetitive unit of (–CH2–CF2–) and occurs in five crystalline forms that are α phases, β phases, γ phases, δ phases, and ε phases. The phases differ in the crystallographic space group, the number of formula units per unit cell, packing of polymer chains, and patterning of conformations. PVDF can be molded, injected and welded to produce polymer sheets and films which are used in the manufacturing of a wide range of applications such as electrical & electronic, piping & tubing, photovoltaic films, defense equipment, and lithium-ion batteries, among other applications. Further, with continuous investments in research & development, manufacturers are focusing on developing high-quality products to cater to new fields of end-use applications such as fiber protection, chemical processing, and medical devices applications.


Market Dynamics


The Global PVDF Market is projected to witness healthy growth registering a CAGR of 6.7% during the forecast period, 2019–2025. The increasing demand for PVDF in lithium-ion batteries owing to high voltage stability and bonding insulating capacity coupled with rising production of e-vehicles is the major driver for the growth of the PVDF market. With the shifting preferences towards electric and hybrid vehicles due to stringent regulations on environmental protection, the demand for PVDF in lithium-ion batteries is expected to increase. According to the International Energy Agency, in 2018, the global electric car fleet exceeded 5.1 million, up by 2 million from 2017, and almost double the number of new electric car sales. Additionally, the healthy growth of the solar industry has led to the increasing use of PVDF in photovoltaic films, which is expected to positively impact the market growth. With the growing demand for renewable energy solutions on the backdrop of growing environmental pollution, the demand for photovoltaic films is expected to increase in the coming years.


The availability of alternatives such as PTFE and PEEK in semiconductor, automotive, and medical applications is likely to hamper the product demand. However, PVDF is known for its unique properties and exceptional versatility such as self-extinguishing characteristics, high UV resistance, and similar refractive index to water, which makes PVDF useable in the production of fishing nets.


Global Polyvinylidene Fluoride (PVDF) Market, by Application, USD Million (2018) Polyvinylidene Fluoride (PVDF) Market


Sources: MRFR Analysis


Segmentation


Global Polyvinylidene Fluoride (PVDF) Market has been Segmented by Polymorphs Type, Product Type, Application, End Use, and Region.


Based on Polymorphs Type, the global Polyvinylidene Fluoride (PVDF) market has been segmented into α phases, β phases, γ phases, δ phases, and ε phases. The α phases segment holds the largest market share of over 55% and is expected to register a CAGR of around 6.5% between 2019-2025 owing to its high consumption in the electronics & electrical industries. The β phases accounted for the second-largest share of around 27% and is expected to grow the fastest with CAGR of over 7% among the other polymorphs type due to its excellent piezoelectric characteristics.


Based on Product Type, the global market has been segmented into pellets, powder, latex emulsions, and films. The powder segment accounts for the largest market share of around 45% and is expected to witness the fastest growth of over 7% to reach around USD 550 million by 2025, among other product types. The growth of this segment is attributed to the widespread usage of powdered PVDF in film, fiber, membrane, valves and fittings, lithium-ion batteries, and piping applications.


PVDF has a broad range of applications. Based on application, the global market has been segmented into piping & tubing, wires & cables, photovoltaic films, membranes, Li-ion batteries, coatings for energy & electronic devices, and others. The piping & tubing application accounts for the largest share of over 30% in the global market and is expected to reach a value of around USD 400 million by 2025. Furthermore, the wires & cables application is expected to witness the fastest growth with a CAGR of over 7.5% throughout the forecast period. This growth is mainly attributed to the exceptional properties offered by PVDF such as high dielectric strength, high mechanical strength, and piezoelectricity.


Based on End Use, the global market has been segmented into electrical & electronics, chemical processing, automotive, oil & gas, construction, and others. The chemical processing segment accounts for the largest market share of around 30% and is expected to witness a healthy growth of around 7% to reach around USD 350 million by 2025. The growth of this segment is attributed to the widespread usage of PVDF in piping & tubing applications in water treatment systems, chemical industries, gas separation, pollutant removal, and bioethanol recovery, amongst others.


Global Polyvinylidene Fluoride (PVDF) Market Share, by Region, 2018 (%) Polyvinylidene Fluoride (PVDF) Market


Sources: MRFR Analysis


Regional Analysis


Global Polyvinylidene Fluoride (PVDF) Market has been divided into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.


The Asia-Pacific market dominated the global Polyvinylidene Fluoride (PVDF) market with a share of around 45% in 2018 and is expected to continue dominating the market during the forecast period due to rapid industrialization in the region, and growth of the end-use industries such as electrical & electronics, construction, and chemical processing. The regional market is expected to witness a CAGR of over 7.5% and reach a value of around USD 550 million by 2025. China held the largest market share of around 45% in the Asia Pacific market due to its fastest industrial growth, rapid capacity expansion, and growing electrical & electronics industry.


North America held the second-largest market share of the global Polyvinylidene Fluoride (PVDF) market in 2018 due to the high consumption of polyvinylidene fluoride (PVDF) in electronics and oil & gas industries. The region is likely to grow at a CAGR of around 7% during the forecast period. Considering the high investments in R&D activities and the presence of advanced technology in the  regions.


Key Players


Some of the Key Players operating in the Global Polyvinylidene Fluoride (PVDF) Market are Arkema (France), Solvay (Belgium), 3M (US), SABIC (Saudi Arabia), KUREHA CORPORATION (Japan), Agiplast (Italy), SKC (South Korea), Shanghai Ofluorine Co., Limited (China), and Mitsubishi Chemical Advanced Materials (Japan).


The Global PVDF Market is characterized by the presence of global, regional, and local players. The market is highly fragmented with the presence of tier-1 and tier-2 players competing to gain maximum market share. The players operating in the global Polyvinylidene Fluoride (PVDF) market are adopting various strategies such as expansions, acquisitions, new product launches, and research & development to gain maximum market share. However, the expansion of production capacity was the most widely adopted strategy by prominent players to maintain a strong position in the market.


Market Segmentation


Global Polyvinylidene Fluoride (PVDF) Market, by Polymorphs Type



  • α phases

  • β phases

  • γ phases

  • δ phases

  • ε phases


Global Polyvinylidene Fluoride (PVDF) Market, by Product Type



  • Pellets

  • Powder

  • Latex Emulsions

  • Films


Global Polyvinylidene Fluoride (PVDF) Market, by Application



  • Piping & Tubing

  • Wires & Cables

  • Photovoltaic Films

  • Membranes

  • Li-ion Batteries

  • Coating for Energy & Electronic Devices

  • Others


Global Polyvinylidene Fluoride (PVDF) Market, by End-Use



  • Electrical & Electronics

  • Chemical Processing

  • Automotive

  • Oil & Gas

  • Construction

  • Others


Global Polyvinylidene Fluoride (PVDF) Market, By Region



  • North America

    • US

    • Canada





  • Europe

    • Germany

    • UK

    • France

    • Spain

    • Italy

    • Russia

    • Benelux

    • Rest of Europe





  • Asia-Pacific

    • China

    • India

    • Japan

    • South Korea

    • Southeast Asia

    • Australia & New Zealand

    • Rest of Asia-Pacific





  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Rest of Latin America





  • Middle East & Africa

    • Turkey

    • GCC Countries

    • South Africa

    • Israel

    • Rest of the Middle East & Africa




Available Additional Customizations



  • Pricing Analysis *(2015-2019)


Intended Audience



  • Polyvinylidene Fluoride (PVDF) Manufacturers

  • Suppliers and Traders

  • Government, Associations, and Industrial Bodies

  • Investors and Trade Experts

  • Consulting in Chemical Experts



Frequently Asked Questions (FAQ) :


Some of the major end-use industries of polyvinylidene fluoride, include chemicals, oil & gas, pharmaceuticals, building & construction, and electrical & electronics.

Polyvinylidene Fluoride (PVDF) is a highly non-reactive thermoplastic fluoropolymer. It is a specialty plastic used in various applications, wherein the high purity and inactive to solvents, acids, and bases are the desired properties. In the market PVDF is available in the form of fine powder grade, which is an essential ingredient in high-end paints for metals and cements.

Rapid expansion of end-use industries in developed and developing economies.

Asia Pacific is the largest market for polyvinylidene fluoride market, globally.

3M (Germany), Arkema (France), Daikin Industries, Ltd (Japan), Solvay S.A (Belgium), Shanghai Sanai Fu New Material Co., Ltd. (China), Kureha Corporation (Japan), Ofluorine Chemical Technology Co., Ltd. (China), Zhejiang Fotech International Co., Ltd. (China), Zhuzhou Hongda Polymer Materials Co., Ltd. (China), and the Quadrant group of companies (Japan), are some of the leading players in the global polyvinylidene fluoride (PVDF) market.

Polyvinylidene Fluoride Market