Global PVDF Resin Market to Reach US$ 1,887.7 Million by 2032, Impelled by Rising Applications in Aerospace and Defense Industries

March 30, 2022 | Chemical & Materials

The latest report by IMARC Group, 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,” finds that the global PVDF resin market size reached US$ 1,166.0 Million in 2023. Polyvinylidene fluoride (PVDF) is a thermoplastic fluoropolymer with high inertness and stability. It is manufactured from vinylidene difluoride (VDF) polymerization and offers surface hardness, high tensile strength, and resistance against heat, chemicals, abrasion, flame and ultraviolet (UV) light. It is generally used as coatings on metal roofs, garage doors, and wall panels and to produce piping products, sheets, tubes, films, and plates. PVDF resin can be injected, molded, or welded and is also available as a cross-linked closed-cell foam. As a result, it finds extensive applications in the automotive and transportation, agriculture, packaging, aerospace and defense, oil and gas, pharmaceutical, and chemical industries.

Global PVDF Resin Market Trends:

The market is primarily driven by the rising application of PVDF resins in the aerospace and defense industries to protect equipment from shock, moisture, vibration, and chemicals. In addition, the escalating product demand for easy processing in molding, extrusion and compounding represents another major growth-inducing factor. Besides this, PVDF resins are widely used as a binder in lithium-ion batteries. They are also employed in wires and cables due to their lightweight, flexibility, and low thermal conductivity. This, coupled with the expanding electronics industry on account of the rising sales of portable computing devices, smartphones, and gaming systems, is creating a positive market outlook across the globe. Furthermore, the increasing investments in the renewable energy sector by governments of various countries, the rising product adoption in the construction industry, and various technological advancements are some of the other factors propelling the market growth. Looking forward, IMARC Group expects the market value to reach US$ 1,887.7 Million by 2032, expanding at a CAGR of 5.4% during the forecast period (2024-2032).

Market Summary:

  • Based on the type, the market has been bifurcated into PVDF granule and powder.
  • On the basis of the type of crystalline phase, the market has been segmented into alpha, beta, gamma, and delta.
  • Based on the application, the market has been classified into coating, injection and extrusion products, lithium-ion battery binders, photovoltaic film, water treatment membranes, and filament.
  • On the basis of the end use industry, the market has been categorized into chemical processing, electrical and electronics, construction, new energies, oil and gas, pharmaceutical and biomedical, and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. 
  • The competitive landscape of the market has also been examined, with some of the key players being 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.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Type, Type of Crystalline Phase, Application, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
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Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global PVDF Resin Market to Reach US$ 1,887.7 Million by 2032, Impelled by Rising Applications in Aerospace and Defense Industries
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