Polyvinylidene Fluoride Market

Polyvinylidene Fluoride (PVDF) Market - Size, Share,
Trends, and Forecast to 2025
Polyvinylidene fluoride (PVDF) is a highly non-reactive thermoplastic
fluoropolymer. It is chemically inert to most alcohols, acids, chlorinated solvents,
and aromatic & aliphatic organic compounds. It offers properties such as excellent
intrinsic fire resistance, low coefficient of friction and operability over a wide
range of temperatures, good resistance to UV radiation, capability for
thermoforming, and can be easily joined by welding. Polyvinylidene fluoride is
processed by various methods such as machining, injection, and extrusion. It is
widely used in coatings, lithium-ion batteries, and photovoltaic films. It provides
highest purity, resistance to solvent acid and bases. PVDF is commonly used as
insulation on electrical wires due to its combination of flexibility, low weight, low
thermal conductivity, high chemical corrosion resistance, and heat resistance.
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Polyvinylidene fluoride hoses, pipes, and tubes are used in the automobile fuel
systems, owing to its properties such as impermeable nature and chemical
resistivity. Moreover, PVDF fittings are also used in household and commercial
buildings. These factors have rapidly increased the demand for polyvinylidene
fluoride and boosted growth of the PVDF market over the past few years.
Polyvinylidene fluoride membranes are highly preferred in various processes,
including corrosive chemicals for pumps, manufacturing equipment, and
transportation containers due to its excellent chemical resistance and freedom of
operability at elevated temperatures.
However, fluctuating price of raw materials is expected to be one of the factors
restraining growth of the polyvinylidene fluoride (PVDF) Market over the forecast
period.
The global polyvinylidene fluoride (PVDF) market was valued at US$ 956 Million
in 2017 and is expected to expand at a CAGR of 7.2% in terms of revenue during
2018–2025, owing to increasing demand for polyvinylidene fluoride (PVDF) from
end use industries such as construction industry and oil and gas. For instance,
according to the Chartered Institute of Building, by 2030, the construction industry
is expected to account for 14.7% of the global GDP. Moreover, by 2030, the global
construction market is projected to be valued at US$ 17.5 trillion from US$ 8
trillion in 2015. Due to properties offered by PVDF such as chemical resistance
and thermal stability demand for it increases in construction industry.
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The research report on Polyvinylidene Fluoride (PVDF) Market is segmented by Application, by End-use Industry and by Region - Size, Share, Trends, and Forecast to 2025