Global PVDF Resin Market is valued approximately USD 2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.8% over the forecast period 2022-2029. PVDF Resin is a type of thermoplastic fluoropolymer, possesses high inertness and stability. It is formed by the polymerization of vinylidene difluoride. PVDF resins are used for easy processing in molding, extrusion, and compounding as thermostatic polymers. The PVDF Resin market is expanding because of factors such increasing demand for PVDF resins in lithium-ion batteries and consumer preferences toward electric and hybrid vehicles.
According to the Statista, the global lithium-ion battery market was valued at 40.5 billion U.S. dollars in 2020. It is projected that the market will grow at a GACR of 14.6 %, reaching up to 92 billion U.S. dollars by 2026. Furthermore, Chinese is going to represents almost half of the global demand for electric vehicle lithium-ion batteries expected to reach up to 740 GWh in 2030. China is the largest market for electromobility in coming years. Another important component driving space consumer preferences toward electric and hybrid vehicles. As per Statista, in 2021, China's plug-in electric vehicle fleet reached around 7.8 million units followed by the United States had approximately 2.1 million battery-electric vehicles and plug-in hybrid electric vehicles during the same year. In Addition, Revenue in the Plug-in Hybrid Electric Vehicles segment is projected to reach USD 134.40 billion in 2023 and expected to show an annual growth rate of 7.61% in between 2023 to 2027, resulting the projected market volume of USD180.20 billion by 2027. However, governments spending on the renewable energy sector stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global PVDF Resin Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the space in terms of revenue, owing to the presence of a high number of major companies and manufacturing facilities in the region. and growing industrialization in countries such as China, India According to Statista, in 2021, the value added in industry in Singapore grew by 13.4 % from the previous year, followed by India 10.3% and China at 8.2% respectively. Furthermore, North America is expected to grow significantly during the forecast period, owing to factors such as growing demand of PVDF in various applications such as oil & gas, and coatings for building & construction industries in the market space.
Major market players included in this report are:
- Saudi Basic Industries Corporation
- 3M Company
- Daikin Industries Ltd
- RTP company
- Shanghai Ofluorine Co. Limited
- Gujarat Fluorochemicals Limited
- Dongyue Group Limited
- Kureha Corporation
- Arkema S.A
- Zhejiang Fotech International Co. Ltd
Recent Developments in the Market:
- In May 2021, Arkema planned the acquisition of Agiplast, a pioneer in the regeneration of high-performance polymers, particularly specialty polyamides and fluoropolymers in order to meet the rising market expectations in this area. Through this acquisition, Arkema was able to provide customers with a full range of services related to material circularity. This project, which supports the polymer industry's sustainable growth, is completely consistent with Arkema's sustainable growth strategy.
- In Feb 2022, GFL has plans to build an R-410a blending factory in the Middle East. The company also intends to increase the 120tpd to 220tpd capacity of its AHF, which will aid in the supply of vital initial raw materials for fluoropolymer, ref-gas, and battery chemicals.
Global PVDF Resin Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Application, Type, End User, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type:
By End-user:
- Chemical Processing Industry
- Electrical and Electronics
- Building and Construction
- Others
By Application:
- Membranes
- Wire and Cable
- Li-ion Batteries
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. PVDF Resin Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. PVDF Resin Market, by Type, 2019-2029 (USD Billion)
- 1.2.3. PVDF Resin Market, by End User, 2019-2029 (USD Billion)
- 1.2.4. PVDF Resin Market, by Application, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global PVDF Resin Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global PVDF Resin Market Dynamics
- 3.1. PVDF Resin Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand for PVDF resins in lithium-ion batteries
- 3.1.1.2. Consumer preferences toward electric and hybrid vehicles
- 3.1.2. Market Challenges
- 3.1.2.1. Governments spending on the renewable energy sector
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing use of PVDF resins in the aerospace and military industries
Chapter 4. Global PVDF Resin Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global PVDF Resin Market, by Type
- 6.1. Market Snapshot
- 6.2. Global PVDF Resin Market by Type, Performance - Potential Analysis
- 6.3. Global PVDF Resin Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 6.4. PVDF Resin Market, Sub Segment Analysis
- 6.4.1. Alpha
- 6.4.2. Beta
- 6.4.3. Gamma
- 6.4.4. Delta
Chapter 7. Global PVDF Resin Market, by End User
- 7.1. Market Snapshot
- 7.2. Global PVDF Resin Market by End User, Performance - Potential Analysis
- 7.3. Global PVDF Resin Market Estimates & Forecasts by End User 2019-2029 (USD Billion)
- 7.4. PVDF Resin Market, Sub Segment Analysis
- 7.4.1. Chemical Processing Industry
- 7.4.2. Electrical and Electronics
- 7.4.3. Building and Construction
- 7.4.4. Others
Chapter 8. Global PVDF Resin Market, by Application
- 8.1. Market Snapshot
- 8.2. Global PVDF Resin Market by Application, Performance - Potential Analysis
- 8.3. Global PVDF Resin Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 8.4. PVDF Resin Market, Sub Segment Analysis
- 8.4.1. Membranes
- 8.4.2. Wire and Cable
- 8.4.3. Li-ion Batteries
- 8.4.4. Others
Chapter 9. Global PVDF Resin Market, Regional Analysis
- 9.1. PVDF Resin Market, Regional Market Snapshot
- 9.2. North America PVDF Resin Market
- 9.2.1. U.S. PVDF Resin Market
- 9.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. End User breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada PVDF Resin Market
- 9.3. Europe PVDF Resin Market Snapshot
- 9.3.1. U.K. PVDF Resin Market
- 9.3.2. Germany PVDF Resin Market
- 9.3.3. France PVDF Resin Market
- 9.3.4. Spain PVDF Resin Market
- 9.3.5. Italy PVDF Resin Market
- 9.3.6. Rest of Europe PVDF Resin Market
- 9.4. Asia-Pacific PVDF Resin Market Snapshot
- 9.4.1. China PVDF Resin Market
- 9.4.2. India PVDF Resin Market
- 9.4.3. Japan PVDF Resin Market
- 9.4.4. Australia PVDF Resin Market
- 9.4.5. South Korea PVDF Resin Market
- 9.4.6. Rest of Asia Pacific PVDF Resin Market
- 9.5. Latin America PVDF Resin Market Snapshot
- 9.5.1. Brazil PVDF Resin Market
- 9.5.2. Mexico PVDF Resin Market
- 9.6. Rest of The World PVDF Resin Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Saudi Basic Industries Corporation
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. 3M Company
- 10.2.3. Daikin Industries Ltd
- 10.2.4. RTP company
- 10.2.5. Shanghai Ofluorine Co. Limited
- 10.2.6. Gujarat Fluorochemicals Limited
- 10.2.7. Dongyue Group Limited
- 10.2.8. Kureha Corporation
- 10.2.9. Arkema S.A
- 10.2.10. Zhejiang Fotech International Co. Ltd
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption