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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
Report Format: PDF+Excel | Report ID: SR112024A4946
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Market Overview:
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.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 1,166.0 Million |
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Market Forecast in 2032
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US$ 1,887.7 Million |
| Market Growth Rate 2024-2032 | 5.4% |
Polyvinylidene fluoride (PVDF) is a thermoplastic fluoropolymer resin that is highly inert and stable with excellent chemical, abrasion, and flame resistance. It is produced from the polymerization of vinylidene difluoride (VDF) and offers high tensile strength, surface hardness, and heat and ultraviolet (UV) light resistance. As a result, it is used in the production of piping products, sheets, tubes, films, and plates around the world. It is also utilized as coatings on metal roofs, garage doors, and wall panels and applied on curtain walls, aluminum windows and door framing, soffits, and sunshades to form aluminum extrusions. Besides this, it finds applications in the automotive and transportation, agriculture, packaging, aerospace and defense, oil and gas, pharmaceutical, biomedical, and chemical industries worldwide.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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PVDF Resin Market Trends:
The rising application of PVDF resins in the aerospace and defense industry to protect the equipment from moisture, shock, vibration and chemicals represents one of the key factors driving the market. Moreover, these resins are used as a binder for manufacturing lithium-ion batteries across the globe. This, along with the escalating demand for PVDF resins for easy processing in molding, extrusion and compounding, is propelling the growth of the market. In addition, they are used in wires and cables due to their lighweight, flexibility, and low thermal conductivity. These cables are further used in commercial and military electronics, avionics, satellites, aircraft, helicopters, ships, trains, and offshore platforms. Besides this, expanding electronics industry on account of the rising sales of smartphones, portable computing devices, gaming systems is positively influencing the market. Furthermore, governments of several countries are extensively investing in the renewable energy sector, which, in turn, is projected to bolster the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global PVDF resin market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, type of crystalline phase, application and end use industry.
Breakup by Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- 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:
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- 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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles 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 Coverage:
| 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 Five User License: US$ 4899 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) |
The global PVDF resin market was valued at US$ 1,166.0 Million in 2023.
We expect the global PVDF resin market to exhibit a CAGR of 5.4% during 2024-2032.
The rising demand for PVDF resin across several end-use industries, such as automotive and
transportation, agriculture, packaging, aerospace, defense, etc., owing to its chemical, abrasion, and flame resistance properties, is primarily catalyzing the global PVDF resin market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries and supply chain disruptions of PVDF resins.
Based on the type, the global PVDF resin market can be segmented into PVDF granule and PVDF powder. Currently, PVDF granule holds the majority of the total market share.
Based on the type of crystalline phase, the global PVDF resin market has been divided into alpha, beta, gamma, and delta. Among these, alpha exhibits a clear dominance in the market.
Based on the end use industry, the global PVDF resin market can be categorized into chemical
processing, electrical and electronics, construction, new energies, oil and gas, pharmaceutical and biomedical, and others. Currently, the chemical processing industry accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global PVDF resin market include 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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