Shibuya-ku, Tokyo, Japan, Japan, Jul 06, 2022, 11:17 /Comserve / -- Polyvinylidene Fluoride (PVDF) Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast
The market for Polyvinylidene Fluoride (PVDF) is anticipated to register a CAGR of around 5% during the forecast period. The factors driving the growth of the market studied are desirable properties of PVDF in comparison to other fluoropolymers, increasing demand of PVDF-based materials from the military and aerospace sector, and increasing demand for PVDF resins as a binder in lithium-ion battery manufacturing.
- On the flip side, the impact of COVID-19 pandemic on the various end-user industry’s growth and the supply chain disruptions may hinder the growth of the market studied.
- Asia-Pacific dominated the global market with the majority of the consumption coming from China, ASEAN Countries, and Japan, among others.
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Key Market Trends
Pipes and Fittings Segment to Drive the Market Growth
- PVDF piping systems are environmentally sound, easy to install, chemical-resistant, and cost-effective. They are used for chemical distribution systems, which require no reaction with fluids or ingredients in the piping system. Furthermore, PVDF pipes have high mechanical strength and dielectric properties, which make it an ideal material for chemical processing and oil and gas industry.
- Additionally, owing to their unique performance advantages, such as ease of handling and installation, long service life, and chemical resistance over other conventional materials; demand for PVDF in small- and medium-size diameter pipes are increasing at a significant rate.
- Rebounding building construction expenditures are further expected to increase the demand for thermoplastic pipes, which are used as a conduit, for gas distribution, drain, waste, and vent pipes.
- PVDF can also be used in outdoors, due to its UV inhibiting characteristics against ultraviolet radiation. Moreover, PVDF materials are resistant to various ordinary chemicals, such as acids, bases, salts, and oxidants.
- Globally, PVDF pipes and fittings find their applications in pharmaceutical grade water system, acid distribution system, UPW and HUPW (Hot) ultrapure water return loops in microelectronics, chemical applications, and sanitization with ozone, steam, or hot water. They are widely used in the building and construction industry, chemical processing, oil and gas, and in other end-user industries.
- Asia-Pacific is the hub for chemical processing. Chemical industry in countries, such as China, India, and Japan, has been growing rapidly.
- The United States has also been witnessing strong growth in chemical industry, due to improvement in major end-user markets, thereby, leading to rise in demand for chemicals. Access to abundant feedstock and energy resources has been further increasing the profitability of the domestic chemical industry. Such lucrative growth of chemical industry in the country has attracted investment into the sector, which has led to noteworthy chemical expansion and greenfield projects in the country.
Asia-Pacific Region to Dominate the Market
- China is the world’s largest economy, in terms of PPP (purchasing power parity). However, it is the second-largest economy, when calculated in terms of nominal GDP. The country’s growth slowed down in the past few years, and it recorded 6% GDP growth in 2019, which has been the slowest rate in the country’s economic history since 1990. This growth rate is moderating, due to the maturing of China’s economy, combined with tensions over the country’s trade disputes with the United States.
- Although China was the first country to be affected by COVID-19 and its consequent lockdown, it became the first country to lift the lockdown. Currently, it is on its long journey toward normalcy. However, a major chunk of the Chinese economy is linked to foreign exports, which are witnessing low demand. This factor may negatively affect the Chinese industry in the near future.
- The Chinese construction industry is still strong, but growth is slowing, as is economic growth. While growth may not be occurring as quickly as in previous years, the country is still very strong economically. According to the global data, the construction industry in China is expected to grow at more than 4.5% during the forecast period.
- Demographics in China is expected to continue to spur the growth in residential construction. Rising household income levels, along with population migrating from rural to urban areas, are expected to continue to drive the demand for the residential construction sector in the country. Increased focus on affordable housing by both public and private sectors may drive growth in the residential construction sector.
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Competitive Landscape
The global PVDF market is consolidated, and the top four players accounted for a market share of over 90% of the global market. Key players in the PVDF market include SABIC, Arkema Group, Solvay, Kureha Corporation, and Dyneon LLC (3M Company), among others.
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increase in Demand from the Military and Aerospace Sector
4.1.2 Increasing Demand for Lithium-ion Batteries
4.1.3 More Desirable Properties in Comparison to Other Fluoropolymers
4.2 Restraints
4.2.1 Negative Impact of COVID-19
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Patent Analysis
4.6 Production Process Analysis
5 MARKET SEGMENTATION
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