Annual 7.9% Growth expected for Global Polyvinylidene Fluoride (PVDF) Market by 2020
Deerfield Beach, FL -- (SBWIRE) -- 08/08/2017 -- Zion Market Research has published a new report titled "Polyvinylidene Fluoride (PVDF) Market for Chemical Processing Industry, Construction Industry, Oil & Gas, New Energies and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020" According to the report, the global PVDF market was valued at approximately USD 1,233.7 million in 2014 and is expected to reach approximately USD 1,952.3 million by 2020, growing at a CAGR of around 7.9% between 2015 and 2020. In terms of volume, the global PVDF market stood at around 48.4-kilo tons in 2014.
Polyvinylidene fluoride (PVDF) is a non-reactive and thermoplastic fluoropolymer. PVDF manufactured from the polymerization of vinylidene difluoride. PVDF has pyroelectric and piezoelectric properties during poling, paves its way for use in battery and sensor applications. Polyvinylidene fluoride has application in biomedical sciences as an artificial membrane in immunoblotting due to its chemical resistance property. PVDF (polyvinylidene fluoride) is a sub segment of homopolymers which used in the preparation of fluoropolymers. PVDF also exhibits some important properties like chemical, corrosion and heat resistance.
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On the basis of application, the global PVDF market has been segmented into chemical processing industry, construction industrial, oil & gas, new energies and other. Chemical processing industry dominated the PVDF market. It accounted for around for over 35% share of the total PVDF demand in 2014. Construction and new energies application segments are also being the fastest growing application segments due to high saturation in all the regions. The Oil & Gas industries are expected to show rapid growth in the future.
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North America dominated the market for PVDF and accounted for several amounts of share in 2014. North America fallowed by Asia-Pacific and Europe. China was the leading country in the consumption of PVDF, due to the large demand from the construction, oil & gas and new energies industries. The revival of the global economy has resulted in increasing demand for PVDF across the globe. The countries such as India and Japan are projected to lead the Asia-Pacific PVDF market.
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Some of the key players in the global PVDF market are Solvay S.A., Arkema, Daikin Industries Ltd, Kureha Corporation, Dyneon Gmbh, Shanghai 3F New Materials, Company Ltd, Zhuzhou Hongda Polymer Co. Ltd, Quadrant Engineering Plastics Products Inc, Zhejiang Fotech International Co. Ltd.and Shanghai Ofluorine Chemical Technology Co. ltd.
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