세계 폴리비닐리덴 플루오라이드(PVDF) 시장 – 2023-2030

Overview
Global Polyvinylidene Fluoride (PVDF) Market reached US$ 0.5 billion in 2022 and is expected to reach US$ 1.2 billion by 2030, growing with a CAGR of 17.7% during the forecast period 2023-2030.
The global polyvinylidene fluoride (PVDF) market is expected to expand due to rising demand for oil and gas sector, semiconductors, wire and cable insulation and artificial membrane in biomedical science. Owing to its features such as membrane formation, high thermal stability and chemical resistance, PVDF is used in industrial operations and scientific research.
Based on the Energy Shale Gas Production, total natural gas production in Mexico is expected to contribute more than 75% by 2040. As per U.S. Energy Information Administration, crude oil output in Mexico grew by 172,000 b/d in March 2021, up from 983,000 b/d in February 2021. As a result, growing oil and gas sector is expected to increase demand for polyvinylidene fluoride.
North America is the second-dominant region in the global polyvinylidene fluoride market covering over 25% of the market in 2022. Increased investment in the region's electrical and electronics sector is expected to drive growth. Schneider committed US$ 100 million in 2022 to enhance electrical goods production in the region. During the forecast period, U.S. is one of the region's major PVDF market.
Dynamics
Rising Demand for Litium-ion Batteries
The increase in demand for PVDF in lithium-ion batteries because of thorough bonding, insulating healthy capacity and high voltage stability, combined with rising e-vehicle production, is the primary reason driving the PVDF market's growth. The demand for PVDF in lithium-ion batteries is expected to rise due to a shift in customer preferences towards electric and hybrid vehicles as a result of rigorous environmental regulations.
After seeing a decrease in 2020 due to the pandemic, global sales of electric vehicles more than double in 2021. The growing use of PVDF in Li-ion batteries and coatings has resulted in a large increase in the total raw material utilised to make polyvinylidene fluoride products. Governments are making laws and regulations to encourage the use of EVs and renewable energy sources. The measures are expected to generate demand for EVs and drive the global PVDF market.
Increasing Consumption of PVDF in Oil & Gas Sector
PVDF is a high-performance resin that is utilised in oil and gas installations for flexible tubing. It has a low permeability to gases and liquids and a high resistance to rapid gas decompression. PVDF membrane is utilised for oil filtering, which is driving up PVDF demand.
The EIA estimates that in 2021, natural gas consumption for residential, commercial and industrial uses will be 13.1 Bcf/d, 9.3 Bcf/d and 23.8 Bcf/d, respectively. U.S. Energy Information Administration projects an 11.1 million barrels per day (b/d) rise in crude oil output in 2021 and a 12.0 million barrels per day (b/d) increase in 2022. Additionally, U.S. Energy Information Administration also projects that the average percentage of power generated by natural gas will be 36% in 2021 and 35% in 2022.
Health Hazards of PVDF
Polymerization of vinylidene difluoride yields polyvinylidene fluoride. Certain chemicals and circumstances are used in the polymerization process during PVDF manufacture. Vinylidene fluoride has the potential to irritate the skin, nose, eyes, throat and lungs. Inhaling PVDF dust or fumes produced during processing or manufacturing may be hazardous. In workplaces where there are airborne particles or fumes, respiratory protection should be used.
Adequate ventilation systems need to be implemented to minimise PVDF exposure. It is extremely flammable and releases toxic vapours in the event of a fire, which makes it difficult to use vinylidene difluoride in the production of PVDF. Moreover, exposure to vinylidene fluoride causes nausea, vomiting, headaches, dizziness and disorientation. It thereby lessens the need for polyvinylidene fluoride.
Segment Analysis
The global polyvinylidene fluoride (PVDF) market is segmented based process, end-user, application and region.
Growing Demand for EVs Drives Automotive Segment’s Growth
Automotive is expected to drive the market by holding a share of about 1/3rd of the global market in 2022. PVDF coating is becoming more popular for use in rocker panels, brake tubes, underbody fasteners and tail lamp housings because of its superior chemical and corrosion resistance. The European Commission targets at least 30 million electric vehicles on the road by the end of 2030. The market demand for plug-in electric and hybrid vehicles has grown rapidly.
India pledged in the 2015 Paris Agreement to reduce its GDP's emission intensity by 33% to 35% below 2005 levels by 2030. Moreover, compared to the current 1.4 million EVs on European roads, it represents a significant rise. One of the main reasons driving the need for Li-ion batteries, which in turn drives the demand for PVDF, is the growing number of EVs on the road. To meet the global aim and offset the negative impact of automobiles, governments across the world are eager to change the narrative towards electric vehicles.
Geographical Penetration
Rapid Growth of Industrial Sectors in Asia-Pacific
During the forecast period, Asia-Pacific is the dominant region in the global polyvinylidene fluoride market covering more than 1/3rd of the market. The growth is due to the increased demand from oil & gas industries, lithium-ion batteries, food processing, pharmaceutical industry and coating for building in developing nations like India and China. Polyvinylidene fluoride is a coating component used in commercial and residential metal roofing.
After approving US$ 10.1 billion worth of construction projects in August 2020, the National Development and Reform Commission approved 14 projects totaling US$ 25.2 billion. The Federation of Automobile Dealers Associations reports that passenger car sales in India increased from 2,79,365 units in November 2019 to 2,91,001 units in November 2020. As a result, the region's need for polyvinylidene fluoride is expected to rise as the food, building & construction and automotive industries expand.
Competitive Landscape
The major global players in the market include SABIC, Arkema Group, Solvay SA, Saint Gobain Performance Plastics, 3M Company, Kureha Corporation, RTP Company, Dongyue Group, Hubei Everflon Polymer Co. and Sinochem.
COVID-19 Impact Analysis
The consumption of polyvinylidene fluoride, which is utilized in the chemical process sector, has been badly impacted by the COVID-19 pandemic. Chemical processing is essential in the food processing industry. PVDF is used in the construction of polyvinylpyrrolidone for the filtering of oil or water emulsions. In addition, a PVDF/vinylpyrrolidone electrolyte blend for lithium-ion batteries is employed in smart devices.
However, due to the lockout, the absence of production and supply chain of these plastics may limit the utilization of polyvinylidene fluoride. Given the pandemic scenario, various facilities, including chemical processing units, were temporarily shut down during the lockdown to prevent the spread of COVID-19 cases, reducing demand for the PVDF membrane.
AI Impact
AI can be used to optimize manufacturing processes, increase efficiency and lower production costs. AI algorithms can analyze complicated data sets in the chemical sector, particularly PVDF manufacture, to discover opportunities for process optimization, resulting in greater efficiency. Artificial intelligence-powered systems can improve supply chain management by forecasting demand, optimizing inventory levels and detecting possible disruptions. It can assist PVDF manufacturers in simplifying their supply chains, lowering costs and increasing overall reliability.
Machine learning algorithms, for example, can be used to improve quality control in industrial operations. It is vital in industries where product quality is critical, such as chemicals. By processing massive datasets and spotting trends, AI can improve market analysis. PVDF manufacturers can benefit from understanding market trends, forecasting demand and making educated strategic decisions. It is applicable to the chemical sector, which frequently employs energy-intensive procedures.
Russia-Ukraine War Impact
Supply chains were disrupted by geopolitical crises due to the potential implementation of sanctions, trade restrictions or transportation issues. Prices for resins, notably thermoplastic polymers, are likely to rise. Russia is a big exporter of petroleum, but due to the invasion of Ukraine, most nations have cut their imports and sanctioned Russia. Russia and Ukraine are the world's second-largest steel exporters and both countries halted steel exports following the invasion.
A steel scarcity will make it more difficult to build injection molding molds. Injection molding tooling is made of steel, higher grade aluminium or a copper alloy, whereas thermoforming tooling is typically made of aluminium. Steel is typically the best choice since it can withstand high-pressure injection while remaining a cost-effective material, however supply chain issues with imported steel might present issues. Economic uncertainty may have an impact on investment decisions and infrastructure projects, affecting PVDF demand in construction and other industries.
By Process
• Injection Molding
• Extrusion
• Others
By End-User
• Automotive
• Oil & Gas
• Food & Beverages
• Electrical and Electronics
• Others
By Application
• Piping and Tubing
• Plumbing and Fitting
• Membranes
• Chemical Processing
• Semiconductors
• Wire and Cable
• Lithium-ion Batteries
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Russia
o Rest of Europe
• South America
o Brazil
o Argentina
o Rest of South America
• Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
• Middle East and Africa
Key Developments
• On November 2022, the largest capacity in North America for the production of suspension-grade polyvinylidene fluoride (PVDF) for battery materials was announced by Orbia, a company that provides polymer solutions and specialty products and Solvay, a multinational chemical company based in Belgium.
• On October 2022, Dongyue Group, the largest fluorosilicon production firm in the world, finished building its 10,000-ton-per-year PVDF project in China. The project's completion increased the company's annual PVDF production capacity to 25,000 tons.
• On February 2022, Solef, a PVDF resin brand with the largest production facility in Europe, announced its product growth through Solvay, a multinational chemical business based in Belgium.
Why Purchase the Report?
• To visualize the global polyvinylidene fluoride (PVDF) market segmentation based on process, end-user, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of polyvinylidene fluoride (PVDF) market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The global polyvinylidene fluoride (PVDF) market report would provide approximately 61 tables, 64 figures and 205 pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies