Polyvinylidene Fluoride (PVDF) Market, By End-use Industry (Oil & Gas, Chemical processing, Construction, and Others), By Coatings (Pipes, Sheets, Tubes, Films, Membranes, Cables, and Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).

Published In : Mar 2024

Code : CMI309

Pages :120

Formats :

Excel and PDF

Industry : Polymers and Resins

Market Challenges: Increasing raw material prices

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.