The global PVDF market was valued at ~USD 3 billion in 2023 and is anticipated to grow at an annual average growth rate of 9%, to cross USD 4 billion by 2034. PVDF is a highly durable thermoplastic polymer that offers excellent resistance to chemicals, UV radiation, and high temperatures. This versatile material is widely used in various industries for different applications. In the chemical industry, PVDF is commonly used for producing pipes, valves, and fittings that can handle aggressive chemicals. In the electrical industry, it serves as an insulation material and wire coating. In construction, PVDF is used for exterior coatings and membranes for roofing and waterproofing purposes. Additionally, PVDF is increasingly used in Lithium-ion battery-Ion batteries, as it offers high electrode adhesion, voltage stability, dimensional stability, controlled crystallinity, and lower electrode resistivity. It is a prominent material due to its versatility and exceptional properties. In the battery industry, PVDF is selected as a binder and separator coating resin based on its ability to perform exceptionally well under extreme conditions and its assurance of a reliable global supply.

PVDF is a highly durable thermoplastic polymer that offers excellent resistance to chemicals, UV radiation, and high temperatures. This versatile material is widely used in various industries for different applications. In the chemical industry, PVDF is commonly used for producing pipes, valves, and fittings that can handle aggressive chemicals. In the electrical industry, it serves as an insulation material and wire coating. In construction, PVDF is used for exterior coatings and membranes for roofing and waterproofing purposes. Additionally, PVDF is increasingly used in Lithium-Ion batteries, as it offers high electrode adhesion, voltage stability, dimensional stability, controlled crystallinity, and lower electrode resistivity. PVDF is a prominent material due to its versatility and exceptional properties. In the battery industry, PVDF is selected as a binder and separator coating resin based on its ability to perform exceptionally well under extreme conditions and its assurance of a reliable global supply. 

The global PVDF capacity was estimated to be over 210 kilo tons in 2023 and it is estimated to cross 360 kilo tons by 2034, growing at an annual average rate of around 5%. Arkema, Solvay, Daikin, Kureha Chemical, Inner Mongolia Wanhao Fluoro Chemical Co., Ltd,  and Gujarat Fluorochemicals Limited (GFL) are some the leading PVDF manufacturers in the world. Asia-Pacific is the largest producer and consumer of PVDF owing to the strong demand from applications like Paints & Coatings, Lithium-ion batteries, Membrane, etc. The region accounted for around 70% of the global PVDF capacities in 2023. Western Europe is the second largest manufacturer of PVDF accounting for 14% of the total capacities, which is estimated to be 33.2 kilo tons in 2023.

Arkema is the largest manufacturer of PVDF in China with production capacity of 35.7 kilo tons, followed by Inner Mongolia Wanhao Fluoro Chemical with installed capacity of 20 kilo tons. Syensqo (previously Solvay) and Zhejiang Juhua Co. Ltd., Kureha, etc. also have manufacturing units in China with installed capacity of 12 kilo tons, 10 kilo tons and 5 kilo tons respectively. Japan is the second biggest PVDF manufacturer in the Asia-Pacific region with Kureha Chemical Industry Co. Ltd. being the largest producer of PVDF in Japan with a production capacity of 6 kilo tons. 

The growing popularity of electric vehicles and their reliance on lithium-ion batteries have led to an increase in demand for PVDF, a key material used in battery production. To meet this demand and maintain their market share, companies like Arkema and Solvay are expanding their PVDF production capacity in France and China. The PVDF market is anticipated to witness a healthy growth rate in the forecast owing to positive growth from its application.

Asia Pacific is the largest consumer of PVDF with a market share of 70%. China is the major consumer and producer of PVDF accounting for around 57% of global PVDF consumption. Asian region is likely to witness most capacity addition where we envisage almost all capacity additions in China. Similarly, no additional capacity in Western Europe is expected during the forecast period. Increasing demand for PVDF from Paints & Coatings, Lithium-ion battery, Membrane and Wire, Cables and Lithium-ion battery are some of the key drivers for the global PVDF market. About 1/3rd of demand was accounted by the coatings applications. It is anticipated to remain the largest application for PVDF globally short term forecast, post which Lithium-ion batteries will account for the largest share, with a growth rate of around 18.7 % in the long-term forecast between 2024 and 2034. The Paints & Coatings application is the largest consumer of PVDF due to its desired properties like outstanding resistance to UV radiation, weathering, and pollutants, guarantee prolonged color retention and durability. PVDF is commonly used as insulation on electrical cables. Its application as an insulating material in batteries, including Lithium-ion battery-ion batteries, has also grown.

At a global level, PVDF market has witnessed significant changes. With emergence of new regions and the increase in exports, the new regions are playing key roles. The traditionally dominant markets are experiencing slow growth in terms of both demand and production. Countries like China are expected to drive the regional as well as global PVDF market.