Polyvinylidene Fluoride (PVDF) Market Size

The Polyvinylidene Fluoride (PVDF) market is experiencing significant growth, driven by its application in various sectors due to its unique properties such as chemical resistance, UV stability, and high purity levels. The market's expansion is particularly notable in the electrical and electronics segment, which is the largest consumer, followed by industrial machinery and automotive sectors. The Asia-Pacific region leads in market consumption, with substantial contributions from China and Japan, while North America also shows robust growth, fueled by investments in electrical and electronics manufacturing.

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Market Size of polyvinylidene fluoride (pvdf) Industry

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Polyvinylidene Fluoride (PVDF) Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 0.54 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 1.23 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry Industrial and Machinery
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 18.05 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region Asia-Pacific

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Polyvinylidene Fluoride (PVDF) Market Analysis

The Polyvinylidene Fluoride (PVDF) Market size is estimated at 0.54 billion USD in 2024, and is expected to reach 1.23 billion USD by 2029, growing at a CAGR of 18.05% during the forecast period (2024-2029).

0.54 Billion

Market Size in 2024 (USD)

1.23 Billion

Market Size in 2029 (USD)

7.65 %

CAGR (2017-2023)

18.05 %

CAGR (2024-2029)

Largest Market by End-user Industry

31.40 %

value share, Industrial and Machinery, 2023

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The industrial and machinery industry registered the largest market share due to the high demand for PVDF resin for coating and lining applications.

Fastest Growing Market by End-user Industry

32.17 %

Projected CAGR, Automotive, 2024-2029

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The increasing usage of PVDF materials in batteries and electric vehicles in the automobile industry is likely to create opportunities for market growth.

Largest Market by Region

52.11 %

value share, Asia-Pacific, 2023

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Asia-Pacific was driven by major developing economies like India, China, Japan, and South Korea. These countries also happen to be the largest consumers of PVDF in automotive, food and beverages, etc.

Fastest Growing Market by Region

20.46 %

Projected CAGR, Asia-Pacific, 2024-2029

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Asia-Pacific witnessed a significant increase in investments in various industries, including automotive, construction, packaging, etc. It is projected to have the fastest growth in the market.

Leading Market Player

26.96 %

market share, Arkema, 2022

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Arkema is the largest PVDF resin producer, with a production capacity of 37.8 kilotons per year, with expansions going on in China to meet the growing demand for PVDF.

Growing demand from the automotive industry to lead the market's growth

  • PVDF is known as a highly non-reactive fluoropolymer with UV stability and resistance to chemicals, abrasion, and flame. It is often used in applications that require components of the highest purity levels. PVDF is one of the most frequently used fluoropolymers, accounting for 16.21% of the total consumption of all fluoropolymer sub-resin types in 2022.
  • The electrical and electronics segment is the largest consumer of PVDF in terms of value due to its desired properties like flexibility, lightweight nature, low thermal conductivity, chemical corrosion resistance, and heat resistance. PVDF is commonly used as insulation on electrical cables. Its application as an insulating material in batteries, including lithium-ion batteries, has also grown. Owing to the rapidly growing demand for lithium-ion batteries and cable insulations, the demand for PVDF from the segment is expected to record a CAGR of 21.42% in terms of value during the forecast period (2023-2029).
  • The industrial machinery segment is the second-largest consumer of PVDF in terms of value. Its high tensile strength, resistance to radiation, abrasion, and chemical properties make it a preferred material in this segment. For instance, in the chemical processing industry, PVDF is used in bearings, vessels, pipes, pipe fittings, isolation valves, linings, and pump impeller casing. It is also used as a corrosion and water-resistance coating for equipment.
  • The automotive segment is the fastest-growing consumer, with an expected CAGR of 34.03% in terms of value during the forecast period. The demand for PVDF coating in brake tubes, underbody fasteners, rocker panels, and tail lamp housings is growing, primarily due to its excellent corrosion and chemical resistance.
Global Polyvinylidene Fluoride (PVDF) Market

Africa may become a major market in the future

  • The global PVDF market accounted for 12.21% of the global fluoropolymers market in 2022. Asia-Pacific and North America are among the major consumers of PVDF globally.
  • Asia-Pacific is the largest consumer of PVDF and is expected to record a CAGR of 20.81% in terms of value during the forecast period. Countries like China and Japan majorly utilize PVDF, occupying 60% and 17%, respectively, of the total PVDF market share in terms of revenue in 2022. China's industrial machinery industry is the major consumer of PVDF. In recent years, China has invested heavily in the development of advanced machine tools, such as high-speed and precision machine tools, as well as smart and digitalized manufacturing technologies. The government aims to make China a world leader in advanced manufacturing by 2025. The government has set a five-year plan for smart manufacturing development, with the goal of digitizing 70% of its large enterprises.
  • North America is the second-largest consumer and is projected to record a CAGR of 18.04% in terms of value during the forecast period. This growth is expected due to the rising investments in the region's electrical and electronics manufacturing. Schneider invested USD 100 million in 2022 to increase the production of electrical goods in the region. The United States is among the major consumers of PVDF in the region, with a market revenue share of 92%, owing to its electronics industry, which is predicted to record a CAGR of 17.19% in terms of value during the forecast period.

Polyvinylidene Fluoride (PVDF) Industry Segmentation

Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • PVDF is known as a highly non-reactive fluoropolymer with UV stability and resistance to chemicals, abrasion, and flame. It is often used in applications that require components of the highest purity levels. PVDF is one of the most frequently used fluoropolymers, accounting for 16.21% of the total consumption of all fluoropolymer sub-resin types in 2022.
  • The electrical and electronics segment is the largest consumer of PVDF in terms of value due to its desired properties like flexibility, lightweight nature, low thermal conductivity, chemical corrosion resistance, and heat resistance. PVDF is commonly used as insulation on electrical cables. Its application as an insulating material in batteries, including lithium-ion batteries, has also grown. Owing to the rapidly growing demand for lithium-ion batteries and cable insulations, the demand for PVDF from the segment is expected to record a CAGR of 21.42% in terms of value during the forecast period (2023-2029).
  • The industrial machinery segment is the second-largest consumer of PVDF in terms of value. Its high tensile strength, resistance to radiation, abrasion, and chemical properties make it a preferred material in this segment. For instance, in the chemical processing industry, PVDF is used in bearings, vessels, pipes, pipe fittings, isolation valves, linings, and pump impeller casing. It is also used as a corrosion and water-resistance coating for equipment.
  • The automotive segment is the fastest-growing consumer, with an expected CAGR of 34.03% in terms of value during the forecast period. The demand for PVDF coating in brake tubes, underbody fasteners, rocker panels, and tail lamp housings is growing, primarily due to its excellent corrosion and chemical resistance.
End User Industry
Aerospace
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Packaging
Other End-user Industries
Region
Africa
By Country
Nigeria
South Africa
Rest of Africa
Asia-Pacific
By Country
Australia
China
India
Japan
Malaysia
South Korea
Rest of Asia-Pacific
Europe
By Country
France
Germany
Italy
Russia
United Kingdom
Rest of Europe
Middle East
By Country
Saudi Arabia
United Arab Emirates
Rest of Middle East
North America
By Country
Canada
Mexico
United States
South America
By Country
Argentina
Brazil
Rest of South America
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Polyvinylidene Fluoride (PVDF) Market Size Summary

The Polyvinylidene Fluoride (PVDF) market is poised for significant growth, driven by its unique properties such as UV stability, chemical resistance, and high purity levels. PVDF is extensively utilized across various industries, with the electrical and electronics sector being the largest consumer due to its application in insulation for electrical cables and batteries, including lithium-ion batteries. The industrial machinery segment also represents a substantial portion of PVDF consumption, leveraging its high tensile strength and resistance to harsh conditions. The automotive industry is emerging as the fastest-growing segment, with increasing demand for PVDF coatings in various components due to their superior corrosion and chemical resistance. The market is characterized by a high degree of consolidation, with major players like Arkema, Dongyue Group, Kureha Corporation, Sinochem, and Solvay dominating the landscape.

Geographically, Asia-Pacific leads the PVDF market, with China and Japan being the primary consumers, driven by robust industrial machinery and electronics sectors. The region's growth is supported by significant investments in advanced manufacturing and smart technologies. North America follows as a major consumer, with the United States playing a pivotal role due to its thriving electronics industry. The market's expansion is further bolstered by technological advancements and the rising demand for consumer electronics, which are expected to continue growing in the coming years. Strategic partnerships and capacity expansions, such as those by Solvay and Dongyue Group, are also contributing to the market's development, ensuring a steady supply to meet the increasing global demand.

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Polyvinylidene Fluoride (PVDF) Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Electrical and Electronics

      5. 1.1.5 Industrial and Machinery

      6. 1.1.6 Packaging

      7. 1.1.7 Other End-user Industries

    2. 1.2 Region

      1. 1.2.1 Africa

        1. 1.2.1.1 By Country

          1. 1.2.1.1.1 Nigeria

          2. 1.2.1.1.2 South Africa

          3. 1.2.1.1.3 Rest of Africa

      2. 1.2.2 Asia-Pacific

        1. 1.2.2.1 By Country

          1. 1.2.2.1.1 Australia

          2. 1.2.2.1.2 China

          3. 1.2.2.1.3 India

          4. 1.2.2.1.4 Japan

          5. 1.2.2.1.5 Malaysia

          6. 1.2.2.1.6 South Korea

          7. 1.2.2.1.7 Rest of Asia-Pacific

      3. 1.2.3 Europe

        1. 1.2.3.1 By Country

          1. 1.2.3.1.1 France

          2. 1.2.3.1.2 Germany

          3. 1.2.3.1.3 Italy

          4. 1.2.3.1.4 Russia

          5. 1.2.3.1.5 United Kingdom

          6. 1.2.3.1.6 Rest of Europe

      4. 1.2.4 Middle East

        1. 1.2.4.1 By Country

          1. 1.2.4.1.1 Saudi Arabia

          2. 1.2.4.1.2 United Arab Emirates

          3. 1.2.4.1.3 Rest of Middle East

      5. 1.2.5 North America

        1. 1.2.5.1 By Country

          1. 1.2.5.1.1 Canada

          2. 1.2.5.1.2 Mexico

          3. 1.2.5.1.3 United States

      6. 1.2.6 South America

        1. 1.2.6.1 By Country

          1. 1.2.6.1.1 Argentina

          2. 1.2.6.1.2 Brazil

          3. 1.2.6.1.3 Rest of South America

Polyvinylidene Fluoride (PVDF) Market Size FAQs

The Global Polyvinylidene Fluoride (PVDF) Market size is expected to reach USD 536.10 million in 2024 and grow at a CAGR of 18.05% to reach USD 1.23 billion by 2029.

In 2024, the Global Polyvinylidene Fluoride (PVDF) Market size is expected to reach USD 536.10 million.

Polyvinylidene Fluoride (PVDF) Market Report Snapshots

Polyvinylidene Fluoride (PVDF) Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis Up to 2029