The Report PVDF Resin Market by Type (PVDF Granule ,PVDF Powder) , by Type of Crystalline Phase ( Alpha ,Beta ,Gamma , Delta ) and by Application ( Coating ,Injection and Extrusion Products ,Lithium-ion Battery Binders ,Photovoltaic Film ,Water Treatment Membranes ,Filament) The increasing adoption of PVDF resin as a sustainable and high-performance material drives its market growth.
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The global PVDF Resin Market is on track to achieve significant growth, with a projected value of USD 1.56 billion by 2029, experiencing a robust Compound Annual Growth Rate (CAGR) of 7.23% from 2023 to 2029.
Application segment with the quickest growth
The Lithium-ion Battery Binders, Photovoltaic Film, Water Treatment Membranes, Filament, Coating, Injection and Extrusion Products, and Filament categories make up the PVDF Resin Market by Application. With a 40.0% market share, lithium-ion batteries clearly dominate the PVDF resin market. This is due to the rapidly growing demand for PVDF resins in the automotive sector, which is principally caused by the rising use of Li-ion batteries in electric vehicles. The increasing need for Li-ion batteries in the automobile industry raises the need for PVDF resins, which are necessary for battery components. Additionally, the chemical processing sector has a sizeable 29.9% share of the PVDF resin market. PVDF resins are becoming more and more popular in the market due to its use in a variety of applications, such as filtration and systems for high-purity water, separation apparatus, and coverings. Throughout the projected period, the PVDF resin market is anticipated to rise due to the rising demand from the chemical processing industry.
The development of the PVDF resin market is also aided by macroeconomic factors including urbanization and economic growth in developing nations. The demand for PVDF resins increases across a number of industries as metropolitan areas grow and economies prosper. With a noteworthy CAGR of 7.8%, the automotive industry stands out as the application segment with the quickest growth. The increased demand for decorative films that improve appearances and offer top-notch corrosion resistance for automotive components is the main factor driving this rise.
Alpha, Beta, Gamma, and Delta segments based on the type of crystalline phase in PVDF Resin Market
The PVDF Resin Market is divided into the Alpha, Beta, Gamma, and Delta segments based on the type of crystalline phase. More than 61.33% of global revenue was accounted for by the Alpha Type of Crystalline Phase sector in 2022, and it is anticipated that this segment would continue to dominate during the projection period. Due to rising demand from many industries, including electrical and electronics, chemical processing, and others, PVDF resin demand is on the rise. PVDF resins are predicted to be widely used because to their extraordinary qualities, which include simplicity in production, non-polar conformation, insulating properties, great chemical resistance, low weight, and high mechanical strength. The beta phase of PVDF resins is growing at the fastest rate among the various PVDF resin segments, with a 8.2% CAGR. Due to their advantageous electrical properties, such as their piezoelectric, pyroelectric, and ferroelectric capabilities, beta PVDF resins are highly preferred in electrical and electronic applications. As a result, it is projected that throughout the forecast period, the rising demand for beta PVDF resins from the electrical industry would considerably contribute to the market’s overall expansion.
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Asia-Pacific region is positioned as a frontrunner in the PVDF Resin Market
Accounting for the largest share of 63.5% during the forecast period. This is attributed to the presence of major manufacturing facilities and companies in countries like China and India. The rapid urbanization and industrialization in these regions drive demand for architectural coatings, water purification membranes, and more. Moreover, the implementation of government regulations for wastewater treatment further enhances the need for PVDF resins in membrane applications.
PVDF Resin Market Key Players:
1. Arkema SA 2.Solvay S.A. 3.Kureha Corporation 4. Daikin Industries Ltd. 5.3M Company 6. Shanghai Ofluorine Chemical Technology Co., Ltd. 7. Shanghai 3F New Materials Co., Ltd. 8.Zhejiang Fluorine Chemical Co., Ltd. 9. Quadrant AG 10.Dyneon GmbH (a 3M Company) 11. Kynar (Arkema) 12. SABIC (Saudi Basic Industries Corporation) 13. Shanghai Lvshang Chemical Co., Ltd. 14. Shanghai Dongyue Group Co., Ltd. 15.Zhejiang Juhua Co., Ltd.
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