Global Polyvinylidene Fluoride (PVDF) Market Size, Share, Opportunities, And Trends By Application Type (Pipes and Fittings, Films and Sheets, Wires and Semiconductor Processing, Coatings, Membranes, Others), By End-User Industry (Oil and Gas, Electrical and Electronics, Chemical Processing, Automotive, Aerospace and Defense, Construction, Others), And By Geography - Forecasts From 2024 To 2029

The global polyvinylidene fluoride (PVDF) market is anticipated to register a compound annual growth rate (CAGR) of 16.6% between the period 2024 and 2029.

Polyvinylidene Fluoride is a specialty plastic used in applications requiring the highest level of purity. PVDF is a high-reactive thermoplastic fluoropolymer obtained by vinylidene difluoride polymerization. It is typically a semi-crystalline polymer, which is approximately 50% amorphous. Compared to other fluoropolymers PVDF provides low permeation values, owing to high crystallinity and surface tension properties. This permeability is influenced by modifying crystalline parts and the crystalline degree. These materials are processed and fabricated into parts and coatings or processed from solutions such as spin coating, film casting, and solution casting.

PVDF, a specialty polymer with piezoelectric and pyroelectric properties, is used in the production of numerous products for various end-user industries, including electrical, electronic, construction, oil-and-gas, biomedical, and food industries. Moreover, owing to PVDF’s high dielectric constant and dissipation factor, these are primarily used in wire and cable isolation.

PVDF is considered one of the most popular membrane materials. This has been used in various biomedical membrane applications and waste-water treatment. Thermal stability, chemical resistance, and processability are the most important properties fueling its application. Further, to avoid low cost of production, most commercial membranes are produced via the phase inversion method.

GLOBAL POLYVINYLIDENE FLUORIDE (PVDF) MARKET DRIVERS:

• With the growth in electric vehicle adoption, the need for lithium-ion batteries is upsurging. These batteries are also used in electronic devices and energy storage systems due to their high energy density, low self-discharge rate, and long cycle life. PVDF is one of the most important components used in the production of lithium-ion batteries, as it acts as a binder and a conductive additive, improving the battery's performance and stability.

To enhance the country’s production of lithium-ion cells and higher energy density batteries, the Government of India sanctioned the Production Linked Incentive (PLI) scheme named the National Programme on Advanced Chemistry Cells (ACC) Battery Storage in 2021. The PSUs have conceived a capital expansion budget of Rs.18,000 crores for the financial year 2022. The plan involves establishing the required total ACC battery production capacity of 50GWh.

• The PVDF market is further propelled by growing product innovation, expanding application areas, and fostering competition. These innovations in PVDF formulations, processing techniques, and applications lead to the development of new products with enhanced properties. Solvay, for instance, has received a US$178 million grant under the American Battery Materials Initiative. Under the grants from the US Department of Energy in the second half of 2022, this initiative issued a total of US$2.8 billion as a part of the Inflation Reduction Act (IRA). The rising demand for electric cars in the United States is due to the IRA provisions and incentives for electric car production in the United States. This is coupled with investments into the nationwide car charging grid authorization by the Infrastructure Investment and Jobs Act.

Solvay's Solef PVDF is an excellent example of product innovation in the market. Flame retardant, with a high degree of purity, robust mechanical properties, and broad chemical resistance at high temperatures, it is one of the company’s leading products. This specialty polymer has already been used for various purposes in the automotive industry and has proven successful.

Furthermore, Arkema announced the launch of a new sustainable Kynar PVDF range in June 2021. As per the mass balance approach, these new grades claim 100% renewable attributed carbon derived from crude tall oil bio-feedstock. Initially, this was produced at the Arkema Pierre-Benite plant in France for all European customers, focusing mainly on the lithium-ion market.

These advancements open up opportunities in various sectors, including electrical & electronics, construction, automotive, healthcare, and renewable energy.

GLOBAL POLYVINYLIDENE FLUORIDE (PVDF) MARKET SEGMENT ANALYSIS:

• The pipes and Fittings industry is expected to be the largest demand generator for the PVDF market.

Owing to its impermeability and chemical resistance, PVDF fittings are largely used in residential and commercial buildings. These factors, in turn, support the polyvinylidene fluoride market growth. Along with this, polyvinylidene fluoride membranes are highly sought in different operations, including manufacturing equipment, transportation containers, and corrosive chemicals for pumps. As per the new residential construction statistics stated by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development in April 2024, the number of building permits was 1,440,000, whereas the housing completions were 1,623,000.

Nonetheless, the Secretariat of Infrastructure in the Planning Commission is involved in creating world-class infrastructure in India by initiating multiple policies. These policies focus on bridges, dams, power, roads, and urban infrastructure development. These initiatives, coupled with the growth in construction, fuel the demand for pipes and fittings, which in turn upsurges the PVDF market expansion.

• Rising demand from the electronic and electrical industry.

The rise of the electrical and electronics sector has a significant influence on the polyvinylidene fluoride market, owing to its low thermal conductivity, low weight, flexibility, and heat resistance. According to the World Electronics Update 2020-21, the electronics sector crossed US$2.9 trillion. The same year, electronics alone had a global market worth equal to India’s gross domestic product, US$2.9 trillion.

Additionally, polyvinylidene fluoride is also used in semiconductors due to its piezoelectric properties. The films made from this material are used as sensors and actuators in semiconductor devices due to their ability to convert mechanical deformation into electrical signals. Hence, the PVDF market is being driven by high-purity semiconductor applications. For instance, In January 2022, the Department of Commerce released a Request for Information to assist in steering CHIPS Act-funded programs to support a robust domestic semiconductor sector. Furthermore, India relies heavily on imports for its semiconductor requirements. India imports 95% of its semiconductors from China, Taiwan, South Korea, and Singapore. Apart from this, PVDF is also used in semiconductor devices, providing protection against electrical breakdown and improving device reliability.

Along with the expected growth of the United States electric vehicle and stationary storage market, the demand for lithium-ion batteries is also increasing considerably. This, in turn, necessitates a robust and secure local supply chain. The Orbia-Solvay partnership is one such example. It secures the supply of intermediate materials and critical minerals from Orbia to be used by Solvay to manufacture suspension-grade PVDF, often used as a lithium-ion binder.

• Asia Pacific polyvinylidene fluoride market is anticipated to grow significantly.

Globally, the PVDF market is anticipated to grow, with Asia Pacific being the dominant region, consisting of major manufacturing hubs, including China. The country has invested heavily in the development of various machine tools and digitalized manufacturing technologies. For instance, the government of China aims to make China a global leader in advanced manufacturing, for which a five-year plan named” Made in China 2025” has been set.

PVDF is used in various industrial applications such as coating, films, and membranes. The growth in the industry is further attributed to rapid industrialization and the expansion of various applications. The demand for consumer electronics further drives the growth. Electronic system design and manufacturing continue to transform businesses and economies around the globe. As of 2024, the electronics market in India is valued at US$155 Billion, of which domestic production accounts for 65%, as stated by Invest India. This accelerated growth is attributed to the rollout of 5G networks and IoT. Initiatives, including ”Digital India” and ”Smart City”, have ushered in a new era for electronic devices, increasing the demand for IoT. With the growth in per capita disposable income and private consumption, the nation has emerged as one of the largest electronics products markets in the world. Alongside this, to pave the way for India’s technological leadership in the industry, the Semicon India Program was established with an incentive outlay of US$10 Billion to develop a sustainable semiconductor and display ecosystem in the nation.

Comprehensively, the growing electronic industry and growth in manufacturing sectors are key factors positively impacting the market growth in leading economies, including India and China.

Global Polyvinylidene fluoride (PVDF) Market Key Developments:

• In April 2024, Syensqo announced the establishment of its future battery-grade polyvinylidene fluoride facility in Augusta, Georgia. Upon completion, it will be the largest PVDF production facility in the North American region. This will further help create battery materials needed to fuel the regional adoption of electric vehicles and electrification.
• In June 2023, Solvay, the global leader in polymer and composite materials, signed an agreement with Zotefoams, the largest manufacturer of lightweight cross-linked polyolefin block foams, for the supply of Solef polyvinylidene fluoride (PVDF). Solef is further used to produce the ZOTEK F high-performance closed-cell crosslinked aerospace foam range offered by Zotefoams.
• In November 2022, Solvay and Orbia announced a joint venture framework agreement to partner to create the largest capacity in North America. This capacity produced suspension-grade polyvinylidene fluoride (PVDF). Solvay’s Solef PVDF Innovations and Orbia’s raw material assets further enable the delivery of PVDF, which optimizes storage efficiency.

Global Polyvinylidene Fluoride (PVDF) Market Scope:

 

Report Metric	Details
Market Size Value in 2022	US$15.231 billion
Market Size Value in 2029	US$25.585 billion
Growth Rate	CAGR of 16.6% from 2022 to 2029
Study Period	2019 to 2029
Historical Data	2019 to 2022
Base Year	2023
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Billion
Segments Covered	Application Type End-User Industry Geography
Companies Covered	RTP Company (Miller Waste Mills, Inc.) Syensqo Kureha Corporation Arkema Global Solvay
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope	Free report customization with purchase

 

The global polyvinylidene fluoride (PVDF) market is segmented and analyzed as follows:

• By Application Type
  • Pipes and Fittings
  • Films and Sheets
  • Wires and Semiconductor Processing
  • Coatings
  • Membranes
  • Others
• By End-User Industry
  • Oil and Gas
  • Electrical and Electronics
  • Chemical Processing
  • Automotive
  • Aerospace and Defense
  • Construction
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Rest of Middle East and Africa
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Rest of Asia-Pacific

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.1.1. Growing Demand by End-Use Industries

4.1.2. Rising Awareness of Sustainable Materials

4.2. Market Restraints

4.2.1. Limited Availability of Raw Materials

4.2.2. Competition from Substitute Materials

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. GLOBAL POLYVINYLIDENE FLUORIDE (PVDF) MARKET BY APPLICATION TYPE

5.1. Introduction

5.2. Pipes and Fittings

5.3. Films and Sheets

5.4. Wires and Semiconductor Processing

5.5. Coatings

5.6. Membranes

5.7. Others

6. GLOBAL POLYVINYLIDENE FLUORIDE (PVDF) MARKET BY END-USER INDUSTRY

6.1. Introduction

6.2. Oil and Gas

6.3. Electrical and Electronics

6.4. Chemical Processing

6.5. Automotive

6.6. Aerospace and Defense

6.7. Construction

6.8. Others

7. GLOBAL POLYVINYLIDENE FLUORIDE (PVDF) MARKET BY GEOGRAPHY

7.1. Global Overview

7.2. North America

7.2.1. United States

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Rest of South America

7.4. Europe

7.4.1. United Kingdom

7.4.2. Germany

7.4.3. France

7.4.4. Italy

7.4.5. Spain

7.4.6. Rest of Europe

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. United Arab Emirates

7.5.3. Rest of Middle East and Africa

7.6. Asia-Pacific

7.6.1. China

7.6.2. India

7.6.3. Japan

7.6.4. South Korea

7.6.5. Taiwan

7.6.6. Thailand

7.6.7. Indonesia

7.6.8. Rest of Asia-Pacific

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES 

9.1. RTP Company (Miller Waste Mills, Inc.)

9.2. Syensqo

9.3. Kureha Corporation

9.4. Arkema Global

9.5. Solvay

9.6. 3M

9.7. GFL – Gujarat Fluorochemicals Limited

9.8. Ensinger Plastics

9.9. Vizag Chemicals

9.10. Shanghai Ofluorine Co., Limited

RTP Company (Miller Waste Mills, Inc.)

Syensqo

Kureha Corporation

Arkema Global

Solvay

3M

GFL – Gujarat Fluorochemicals Limited

Ensinger Plastics

Vizag Chemicals

Shanghai Ofluorine Co., Limited