POLYVINYLIDENE FLUORIDE MARKET ANALYSIS

Regional Analysis

To learn more about this report, Request sample copy

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.