Global Polyvinylidene Fluoride (PVDF) Market Demand & Forecast Analysis, 2016-2032

Fluoropolymers are used in the chemical processing, automotive & transportation industry, Electrical & Electronics, Industrial and mechanical applications, building, construction, & wire & cable industries, consumer appliances. Other additional industries include Medical, Aerospace & defence and Sports & Recreational. The fluoropolymer market can divided into two types, PTFE and other Melt-processible Fluoropolymers (PVDF, FEP, E-CTFE, ETFE, *PFA, CTFE-VDF, PCTFE, THV and amorphous types). 

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 150 kilo tons in 2021 and it is estimated to cross 350 kilo tons by 2032, growing at an annual average rate of over 10%. 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. China is the largest PVDF producer of PVDF accounting for over 60% of the global PVDF capacity followed by France and USA at 28% and 14% respectively. In the forecast period, China is estimated to witness major capacity addition to address the growing demand of PVDF from electrical vehicles and electrical & electronics industry. China is estimated to add an average 20 kilo tons of PVDF capacity each during the long forecast period,

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.