IMARC Group, a leading market research company, has recently releases report titled “PVDF Resin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global PVDF resin market share, size, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of PVDF Resin
Polyvinylidene fluoride (PVDF) resin is a synthetic thermoplastic polymer derived from the polymerization of vinylidene fluoride monomers. It is a semi-crystalline material known for its high mechanical strength and thermal stability. It is also highly resistant to various types of chemicals, making it ideal for chemical processing equipment, such as pipes, valves, and pumps. It is piezoelectric, as it can generate an electrical charge when subjected to mechanical stress. It is also ultraviolet (UV) resistant, making it suitable for outdoor applications without significant degradation. It is non-toxic and can be recycled, contributing to environmentally friendly practices.
How Big Is the PVDF Resin Market?
The global PVDF resin market size reached US$ 944.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,362.1 Million by 2028, exhibiting a growth rate (CAGR) of 6.11% during 2023-2028.
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What are the growth prospects and trends in the PVDF resin industry?
At present, the increasing demand for PVDF resins in the electronics industry for insulation in wires and cables represents one of the crucial factors impelling the growth of the market.
Besides this, the rising utilization of PVDF-coated aluminum panels in architectural cladding and roofing, providing weather resistance and aesthetic appeal, is contributing to the growth of the market. In addition, the growing emphasis on eco-friendly and sustainable materials, which are recyclable and possess minimal environmental impact, is offering a favorable market outlook.
Apart from this, the increasing employment of PVDF resins in the production of components, such as lithium-ion (Li-ion) battery separators and fuel cell membranes, is bolstering the growth of the market.
What is included in market 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
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
Who are the key players operating in the industry?
The report covers the major market players including:
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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