DUBLIN, February 28, 2022--(BUSINESS WIRE)--The "PVDF Resin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global PVDF resin market reached a value of US$ 880.7 Million in 2021. Looking forward, the publisher expects the market to reach US$ 1,285.0 Million by 2027, exhibiting a CAGR of 6.20% during 2022-2027.
Zhejiang Fotech International Co. Ltd.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Polyvinylidene fluoride (PVDF) is a thermoplastic fluoropolymer resin that is highly inert and stable with excellent chemical, abrasion, and flame resistance. It is produced from the polymerization of vinylidene difluoride (VDF) and offers high tensile strength, surface hardness, and heat and ultraviolet (UV) light resistance. As a result, it is used in the production of piping products, sheets, tubes, films, and plates around the world. It is also utilized as coatings on metal roofs, garage doors, and wall panels and applied on curtain walls, aluminum windows and door framing, soffits, and sunshades to form aluminum extrusions. Besides this, it finds applications in the automotive and transportation, agriculture, packaging, aerospace and defense, oil and gas, pharmaceutical, biomedical, and chemical industries worldwide.
The rising application of PVDF resins in the aerospace and defense industry to protect the equipment from moisture, shock, vibration and chemicals represents one of the key factors driving the market. Moreover, these resins are used as a binder for manufacturing lithium-ion batteries across the globe. This, along with the escalating demand for PVDF resins for easy processing in molding, extrusion and compounding, is propelling the growth of the market.
In addition, they are used in wires and cables due to their lightweight, flexibility, and low thermal conductivity. These cables are further used in commercial and military electronics, avionics, satellites, aircraft, helicopters, ships, trains, and offshore platforms. Besides this, expanding electronics industry on account of the rising sales of smartphones, portable computing devices, gaming systems is positively influencing the market. Furthermore, governments of several countries are extensively investing in the renewable energy sector, which, in turn, is projected to bolster the growth of the market.
Key Questions Answered in this Report:
How has the global PVDF resin market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global PVDF resin market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the type of crystalline phase?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global PVDF resin market and who are the key players?
What is the degree of competition in the industry?
7 Market Breakup by Type of Crystalline Phase
9 Market Breakup by End Use Industry
For more information about this report visit https://www.researchandmarkets.com/r/k70zwq
View source version on businesswire.com: https://www.businesswire.com/news/home/20220228005776/en/
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