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, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
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.
What is 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
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:
Breakup by Application:
- Injection and Extrusion Products
- Lithium-ion Battery Binders
- Photovoltaic Film
- Water Treatment Membranes
Breakup by End Use Industry:
- Chemical Processing
- Electrical and Electronics
- New Energies
- Oil and Gas
- Pharmaceutical and Biomedical
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
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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