The expansion and growth of the water treatment sector has raised the market demand for polyvinylidene fluoride (PVDF) membrane. The pharmaceutical industry has seen an increase in the need for high-quality pure water free of hazardous bacteria and germs, particularly for the cleaning and production of active pharmaceutical ingredients (APIs), equipment washing, non-compendial fluids, and laboratory waters. The increasing usage of polyvinylidene fluoride membrane in the pharmaceutical industry is projected to boost market expansion. Price fluctuations in raw materials for polyvinylidene fluoride (PVDF) membranes and high production costs and maintenance are stifling the growth of the polyvinylidene fluoride (PVDF) membrane industry. Additionally, the market's growth was hampered by the unequal availability of polyvinylidene fluoride (PVDF) membrane raw materials in one area throughout the projection period. Additionally, environmental and health issues, as well as the elevated danger of alternatives, are expected to stymie the expansion of the polyvinylidene fluoride (PVDF) membrane market.
According to Coherent Market Insights, Global Polyvinylidene Fluoride (PVDF) Market was valued at US$ 1189.04 Mn in 2021 in terms of revenue, exhibiting a CAGR of 6.09 % during the forecast period (2022 to 2030).
Key Companies in the Polyvinylidene Fluoride (PVDF) Industry:
1. Arkema
Arkema S.A. manufactures and sells specialty chemicals and advanced materials worldwide. The company operates through Adhesive Solutions, Advanced Materials, Coating Solutions, and Intermediates segments. Arkema S.A. was incorporated in 2003 and is headquartered in Colombes, France. In February 2021, Arkema announced further increasing its polyvinylidene difluoride (PVDF) production capacities at its Changshu site of China, due to the augmented demand for PVDF from the lithium-ion battery industries as well as water filtration, construction coatings and semiconductor industries. The growth will be accomplished by the end of 2022, which will improve the company's fluoropolymer business.
2. Solvay S.A.
Solvay SA provides advanced materials and specialty chemicals worldwide. It operates through four segments: Materials, Chemicals, Solutions, and Corporate & Business Services. The company was founded in 1863 and is headquartered in Brussels, Belgium.
3. Daikin Industries ltd
Daikin Industries,Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products in Japan, the Americas, China, Asia, Europe, Europe, and internationally.
Zhuzhou Hongda Polymer Materials Co. Ltd., Shanghai 3F New Materials Company Limited,
4. Kureha Corporation
Kureha Corporation manufactures and sells functional materials, specialty chemicals, and plastics in Japan and internationally. It operates through four segments: Advanced Materials, Specialty Chemicals, Specialty Plastics, Construction, and Other Operations. The company was incorporated in 1944 and is headquartered in Tokyo, Japan.
5. Dyneon GmbH
Dyneon LLC produces a range of high performance fluorocarbon elastomers for sealing applications. The company was founded in 1929, headquartered in California, U.S. It is the sub organisation of 3M.
*Definition-Polyvinylidene fluoride (PVDF) is a thermoplastic fluoropolymer that is extremely non-reactive. Processing methods for polyvinylidene fluoride include machining, injection, and extrusion. It finds widespread application in coatings, lithium-ion batteries, and photovoltaic films.
