IMARC Group, a leading market research company, has recently releases report titled “PVDF Resin Market Report by Type (PVDF Granule, PVDF Powder), Type of Crystalline Phase (Alpha, Beta, Gamma, Delta), Application (Coating, Injection and Extrusion Products, Lithium-ion Battery Binders, Photovoltaic Film, Water Treatment Membranes, Filament), End Use Industry (Chemical Processing, Electrical and Electronics, Construction, New Energies, Oil and Gas, Pharmaceutical and Biomedical, and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the global PVDF resin market share.
How Big is the PVDF Resin Market?
The global PVDF resin market size reached US$ 1,166.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,887.7 Million by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032.
Industry Overview of PVDF Resin
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.
Leading Companies Operating in the Global PVDF Resin Industry:
- 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
- Zhejiang Fotech International Co. Ltd.
PVDF Resin Market Report 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
Market 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
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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