Global Polyvinylidene Fluoride (PVDF) Market Overview:
Polyvinylidene fluoride, also called as polyvinylidene difluoride (PVDF), is a special plastic material that belongs to the family of fluorinated polymers. It is a thermoplastic and non-reactive fluoropolymer formed by the polymerization of vinylidene difluoride. The flat PVDF sheet membranes are prepared from membrane distillation (DM). The PVDF membrane is mainly used in applications that require resistance, high strength and purity to solvents, bases, acids and heat. PVDF membranes are widely used for the purpose of immobilizing proteins due to their resemblance to amino acids. PVDF is a fine powder and an element used in high-end paints for metals. These PVDF membrane paints have excellent color and gloss retention. They are also widely used in films, sheets, membranes and coatings in various industries.
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Polyvinylidene Fluoride (PVDF) Market was valued at USD 1180 million in 2016 and poised to touch USD 1010 million by 2021 growing at a CAGR of 1.45% during the forecast period 2016 to 2021.
Drivers and Restraints:
The PVDF membrane market is driven by growth in end-user industries, such as coatings, photovoltaic films, oil and gas, and electricity. The increase in research and development (R & D) is the key factor in the market. Several associations, manufacturers of end users and manufacturers of PVDF intend to invest significantly in technological innovations in PVDF membrane technology to replace other metals and plastics. This offers new opportunities for the PVDF membrane market. However, factors such as increasing use of substitutes, growing environmental and health concerns, and unstable prices are expected to hamper market growth during the forecast period.
Global Polyvinylidene Fluoride (PVDF) Market Geographical Segmentation:
From the geographical point of view, the global market for PVDF membranes can be divided into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America is considered the largest consumer of PVDF membranes, followed by the Asia-Pacific region. The market demand is expected to be strong in the Asia-Pacific market in the near future, driven by the expansion of several sectors such as oil and gas, and construction. It is also expected that the PVDF membrane in Europe will grow considerably, due to the stabilization of the market in the region. Europe and Latin America are also likely to host world events. This should stimulate the use of the PVDF membrane in several applications. It is expected that countries such as China, India and Japan will dominate the market in Asia Pacific during the forecast period. It is estimated that China represents an important part of the volume in the region.
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Key Players of Global Polyvinylidene Fluoride (PVDF) Market
3M, Arkema, Shanghai Sanai Fu New Material Co., Ltd. (China), Daikin Industries, Ltd (Japan), Ofluorine Chemical Technology Co., LTD. (China), and Solvay S.A (Belgium) are the major players of the Polyvinylidene Fluoride (PVDF) Market.
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