POLYVINYLIDENE FLUORIDE MARKET ANALYSIS

Polyvinylidene Fluoride Market Size and Trends

The Polyvinylidene Fluoride Market is estimated to be valued at USD 1,148.47 Mn in 2024 and is expected to reach USD 2,295.67 Mn by 2031, growing at a compound annual growth rate (CAGR) of 10.4% from 2024 to 2031.

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The demand for polyvinylidene fluoride is expected to grow owing to its increasing usage in various end-use industries. PVDF finds extensive applications in coatings, lithium-ion battery, and semiconductor industries due to its excellent mechanical, thermal, and chemical resistance properties. Growth in the electric vehicle market is also driving the demand for advanced batteries using polyvinylidene fluoride membranes as separator, thus supplementing the market growth. Furthermore, rapid industrialization and infrastructure development activities especially in the Asia Pacific region have been increasing the consumption of PVDF.

Growing applications in waterborne coatings and special machinery

Polyvinylidene fluoride or PVDF finds wide usage in specialty coatings applications owing to its resistance properties against weathering, chemicals, and corrosion. PVDF coatings are increasingly utilized for their durable performance in waterborne architectural and industrial coatings. Their effectiveness in preventing corrosion has boosted their adoption in coatings for metal structures, bridges, and marine vessels that face harsh weather and sea conditions on a regular basis. Furthermore, PVDF emerges as a material of choice for coating specialized machinery exposed to chemicals, high temperatures, and friction in industries such as the oil & gas, pharmaceutical, and semiconductor manufacturing industries. Its high thermal stability allows PVDF coatings to protect sensitive components and parts against fluctuations in temperatures and other stresses. The development of advanced machinery operating under extreme factory environments thus drives the need for non-reactive, long-lasting protective coatings using PVDF. With steady investments into infrastructure and expansion of process industry facilities worldwide, the market for specialty coatings employing PVDF is likely to observe periodical rise going forward.

Market Concentration and Competitive Landscape

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Apart from use in protective coatings, a crucial driver for the PVDF market growth has been its extensive use in filtration membrane technology for water treatment and green energy generation purposes. PVDF membranes have gained widespread recognition due to their strong chemical resistance, mechanical strength and efficient separation capabilities. Their non-reactive nature prevents fouling and scaling, allowing long service lifetimes. As a consequence, PVDF membranes are extensively used for microfiltration and ultrafiltration in water and wastewater treatment plants globally. Along with industrial usage, rising fresh water demands propel its adoption in household water purifiers as well. For instance, the global fresh water demand will outstrip supply by 40% by 2030. PVDF membranes have also emerged as popular separation mediums in the chlor-alkali industry and fuel cells. Moreover, the push for more sustainable energy sources stimulates the deployment of PVDF in lithium-ion batteries and solar panels. The inherent attributes of PVDF membranes make them indispensable in varied membrane separation processes centered on environmental protection and clean energy revolution. This acts as a primary factor augmenting the market demand.

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The PVDF market faces several challenges. Raw material price volatility poses a major challenge as prices of key raw materials, such as ethylene, vinylidene chloride, and methanol fluctuate, often based on supply-demand forces and geopolitical issues. Stringent environmental regulations around the use of fluorinated chemicals also challenge the market growth. Additionally, the availability of substitute materials such as polypropylene and polyethylene limit the scope of applications for PVDF.

 Market Opportunities: Growing end-use industries

Growing end-use industries such as automotive, construction, and electronics are driving significant demand for PVDF globally. Its excellent mechanical, chemical, and electrical properties make it suitable for use in lithium-ion batteries, which are seeing increased demand. Moreover, expanding operations in emerging markets and research into developing new high-performance PVDF grades could further boost market revenues over the coming years.

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PVDF exhibits strong corrosion resistance against harsh alkalis and acids encountered in the oil & gas industry with 44.4% of the market share. This makes it an ideal material for manufacturing pipes, casings, and linings used in drilling and extraction processes. It is extensively used as an internal lining for steel pipes and casings to resist corrosion under extreme downhole conditions of high pressure and temperature during drilling. PVDF lining prevents direct contact between corrosive fluids and the base metal, thus enhancing the operational life of pipes. PVDF membrane finds increasing preference in various gas and liquid separation applications in the upstream and downstream sectors. Its reliable performance in separating hydrocarbons from water and separating gas from liquids has boosted its use in offshore separation systems. The non-stick property of PVDF makes it suitable for manufacturing flexible hoses used in transfer of produced fluids from wells and transportation through pipelines.

Insights, By Application: In terms of application, membrane contributes the highest share of the market owing to its widespread use and demand.

Membrane has emerged as the dominant application segment within the Polyvinylidene Fluoride (PVDF) market with 41.2% of the market share owing to its robust and durable properties that make it suitable for a variety of end-use industries. The non-reactive and corrosion resistant attributes of PVDF allow it to form highly effective membranes for gas and liquid separation applications. The excellent chemical and thermal resistance of PVDF-based membranes make them an important material for filtration processes across industries such as water & wastewater treatment and food & beverage. PVDF membranes are extensively used in ultrafiltration and microfiltration systems for industrial and municipal water treatment. Their reliability in withstanding harsh processing conditions and chemicals give them an advantage over conventional membrane materials. The non-toxic and biocompatible nature of PVDF also widens its usage in membrane-based medical devices. Membranes manufactured from PVDF are gaining popularity in gas separation for industrial gas production owing to their high permeability and selectivity. Their resistance to acids, bases and solvents has boosted the demand for PVDF membranes in sensor applications as well.

Regional Insights

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North America has been the dominant region in the global PVDF market for several years with 41.2% of the market share. Major PVDF producers, such as Arkema and Kureha America, have established a strong manufacturing presence with production plants located across the U.S. and Canada. This ensures the easy availability of PVDF to the growing industries in the region such as pharmaceutical, lithium-ion batteries, and membrane manufacturing. The region's mature end-use industries and large technical know-how also significantly contribute to PVDF consumption.

The Asia Pacific region has emerged as the fastest-growing market for PVDF globally. China has become a global manufacturing hub for various industrial applications of PVDF such as coatings, films, and membranes. This is majorly attributed to the rapid industrialization and expansion of end-use industries that employ PVDF, such as water and wastewater treatment, automotive, and electronics. The availability of technical skills and low input costs for PVDF production in China have attracted various global manufacturers to invest in local PVDF plants. This has improved indigenous supply and reduced China's import dependence on North America and Europe. Another factor augmenting growth is the conducive government policies that promote investment and fast-track approvals in the chemical sector.

Market Report Scope

Polyvinylidene Fluoride Industry News

• In November 2022, Solvay and Orbia announced a framework agreement to form a partnership for the production of suspension-grade polyvinylidene fluoride (PVDF) for battery materials, resulting in the largest capacity in North America
• In February 2022, Solvay announced the product expansion of Solef, a PVDF resin brand with the largest production site in Europe
• 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 was accomplished in 2022, improving the company's fluoropolymer business.
• In January 2021, Polymer Engineering Company Ltd and Arkema developed the technology which blends its Kynar Flex polyvinylidene difluoride (PVDF) by using different types of rubber, and this allows melt processing through vulcanization and chemical compatibilization, thereby improving the company's business
• In May 2021, Fillamentum, which is a leading 3D printing material provider, announced the launch of high-performance engineering filament. The product Fluorodur is a PVDF material and is characterized by a combination of chemical, mechanical, and thermal properties. Fluorodur is being used in research projects at Czech Academy of Sciences to 3D print high-strength sealant structures for geology equipment.

*Definition: The Polyvinylidene Fluoride Market involves the production and sale of polyvinylidene fluoride polymer, commonly known as PVDF. PVDF is a highly non-reactive thermoplastic fluoropolymer resin that has an outstanding combination of properties including weatherability, chemical resistance, radiation resistance and fire resistance. It finds major applications in coatings, lithium-ion battery separators and piezoelectric applications. The global PVDF market has been growing steadily due to the increasing.

Market Segmentation

•  End-use Industry Insights (Revenue, USD Mn, 2019 - 2031)
  • Oil & Gas
  • Chemical processing
  • Construction
  • Others
• Application Insights (Revenue, USD Mn, 2019 - 2031)
  • Pipes
  • Sheets
  • Tubes
  • Films
  • Membranes
  • Cables
  • Others
• Regional Insights (Revenue, USD Mn, 2019 - 2031)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC Countries
    • Israel
    • Rest of Middle East & Africa
• Key Players Insights
  • Arkema
  • Solvay S.A.
  • Daikin Industries ltd
  • Zhuzhou Hongda Polymer Materials Co. Ltd.
  • Shanghai 3F New Materials Company Limited
  • Kureha Corporation
  • Quadrant Engineering Plastics Products
  • Shanghai Ofluorine Chemical Technology Co. ltd.
  • Dyneon GmbH
  • Zhejiang Fotech International Co. Ltd.
  • Vizag Chemucals
  • Ottokemi
  • Swami Plast Industries
  • Aritech Chemazone Pvt. Ltd.
  • Aritech Chemazone Pvt Ltd.
  • RTP Company
  • Esinger Plastic