Polyvinylidene Fluoride (PVDF) Market Size Worth USD 1,433.5 Million in 2028 | Increased demand from oil & gas industry
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Market Size – USD 856.5 Million in 2020, Market Growth – at a CAGR of 6.6%, Market Trends – Increased demand from oil & gas industries
VANCOUVER, BC, CANADA, June 16, 2022 /EINPresswire.com/ -- The global Polyvinylidene Fluoride (PVDF) market size is expected to reach USD 1,433.5 Million at a steady CAGR of 6.6% in 2028, according to latest analysis by Emergen Research. High demand for PVDF from various end-use industries such as electrical, chemical processing, and construction is driving market revenue growth to a significant extent over the forecast period. Robust performance and increasing adoption of PVDF in a range of applications is expected to continue to fuel revenue growth of the market going ahead.
Rising investment by major players in R&D of PVDF to explore further scope of applications due to good radiation resistance and abrasion resistance, as well as due to the fact that the material is melt processable is a key factor expected to support market growth going ahead. Products made from PVDF offer resistance to algae and microbial growth. It also resists smoke and fire, damage from ozone exposure, and is naturally unaffected by UV degradation that most plastics are susceptible to. These factors contributing significantly to rising demand for PVDF and the trend is expected to continue going forward.
One of the major applications of PVDF is architectural coatings. PVDF is applied to metals such as aluminum and steel to provides weather-resistance and decorative coating for residential and commercial buildings. It is used for electrical insulation despite high dielectric constant, and in chemical process industry. PVDF also displays piezoelectric properties, which means it is capable of responding to electrical or magnetic fields. However, volatile raw material prices and health concerns due to PVDF is expected to hamper growth of the market to some extent.
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The major manufacturers covered in this report:
Solvay S.A., Arkema, SABIC, 3M, Kureha Corporation, Daikin Industries Ltd., Shanghai Ofluorine Chemical Technology Co. Ltd., Dyneon GmbH, Quadrant Engineering Plastics Products Inc., and Zhuzhou Hongda Polymer Materials Co. Ltd
Segments Covered in this report are:
Application Outlook (Revenue, USD Million; 2018–2028)
Pipes and Fittings
Wires and Semiconductor Processing
Films and Sheets
Membranes
Coatings
Li-ion Batteries
Other Applications
End-use Channel Outlook (Revenue, USD Million; 2018–2028)
Electrical and Electronics
Oil and Gas
Automotive Processing
Building and Construction
Chemical Processing
Aerospace and Defense
Others
Regional Outlook (Revenue, USD Million; 2018–2028)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Spain
BENELUX
Switzerland
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
Israel
Rest Of MEA
This report strategically examines the micro-markets and brings to light the impact of technology upgrades on the performance of the Polyvinylidene Fluoride market.
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Table of Content:
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
3 Global Polyvinylidene Fluoride (PVDF) by Players
4 Polyvinylidene Fluoride (PVDF) by Regions
4.1 Polyvinylidene Fluoride (PVDF) Market Size by Regions
4.2 Americas Polyvinylidene Fluoride (PVDF) Market Size Growth
4.3 APAC Polyvinylidene Fluoride (PVDF) Market Size Growth
4.4 Europe Polyvinylidene Fluoride (PVDF) Market Size Growth
4.5 Middle East & Africa Polyvinylidene Fluoride (PVDF) Market Size Growth
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends
10 Global Polyvinylidene Fluoride (PVDF) Market Forecast
11 Key Players Analysis
12 Research Findings and Conclusion
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Polyvinylidene Fluoride (PVDF) Market Size Worth USD 1,433.5 Million in 2028
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