Global Polyvinylidene Fluoride Market Size will Reach $4116.74 Million in 2023

Global Polyvinylidene Fluoride Market Overview

According to Global Market Monitor, the global polyvinylidene fluoride market size will reach $4116.74 million in 2023 with a CAGR of 0.59% from 2023 to 2028.

Polyvinylidene fluoride has properties such as distinguished chemical resistance, massive abrasion resistance, good UV stability, tensile strength, and high wear resistance. PVDF can be easily molded, commonly injected, and easily welded to produce separate polymer sheets and films, which are applied in the manufacturing of a numerous range of applications such as major electrical & and electronic, branded piping & and tubing, photovoltaic films, national defense equipment, and lithium-ion batteries, among other separate applications.

Market Competition

Arkema is one of the major players operating in the polyvinylidene fluoride market, holding a share of 31.31% in 2022.Arkema SA engages in the manufacturing and supply of chemical products. The high-performance materials segment includes the technical polymers, filtration and adsorption, and organic peroxides business units and provides solutions with high revenue added, used in varied sectors such as transportation, oil extraction, renewable energies, consumer goods, electronics, construction, coatings, and water treatment.

Market Drivers: Increasing Demand for Polyvinylidene Fluoride

Its high purity, chemical inertness to most acids, aliphatic and aromatic organic compounds, and chlorinated solvents, as well as an upsurge in the demand for coatings, lithium-ion batteries, flexible flow lines, and photovoltaic films, will be the key influencing factors for the global PVDF market. Over the medium term, factors driving the growth of the market are desirable properties of PVDF in comparison to other fluoropolymers, increasing demand for PVDF-based materials from the military and aerospace sector, and for PVDF resins as a binder in lithium-ion battery manufacturing.

MarketChallenges: Health Concerns Caused by Polyvinylidene Fluoride

PVDF can cause skin irritation. Contacting with liquid PVDF can cause frostbite and breathing it can irritate the nose, throat, and lungs. High or repeated exposure to PVDF can lead to headaches, dizziness, disorientation, nausea, and vomiting. Hence, health concerns regarding the product are hampering the market growth which is more likely to invite regulations limiting its production.

Drivers	High performance of the product and the extensive downstream applications
	Asia Pacific serves as a big market.
Challenges	High flammability properties
	Increasing use of substitutes to PVDF
	Health concerns
Market Trends	Increasing R & D investment
	Product and technology innovation