The expansion and growth of the water treatment sector has raised the market demand for polyvinylidene fluoride (PVDF) membrane. The pharmaceutical industry has seen an increase in the need for high-quality pure water free of hazardous bacteria and germs, particularly for the cleaning and production of active pharmaceutical ingredients (APIs), equipment washing, non-compendial fluids, and laboratory waters. The increasing usage of polyvinylidene fluoride membrane in the pharmaceutical industry is projected to boost market expansion. Price fluctuations in raw materials for polyvinylidene fluoride (PVDF) membranes and high production costs and maintenance are stifling the growth of the polyvinylidene fluoride (PVDF) membrane industry. Additionally, the market's growth was hampered by the unequal availability of polyvinylidene fluoride (PVDF) membrane raw materials in one area throughout the projection period. Additionally, environmental and health issues, as well as the elevated danger of alternatives, are expected to stymie the expansion of the polyvinylidene fluoride (PVDF) membrane market.
According to Coherent Market Insights, Global Polyvinylidene Fluoride (PVDF) Market was valued at US$ 1189.04 Mn in 2021 in terms of revenue, exhibiting a CAGR of 6.09 % during the forecast period (2022 to 2030).
Key Companies in the Polyvinylidene Fluoride (PVDF) Industry:
Arkema
Arkema S.A. manufactures and sells specialty chemicals and advanced materials worldwide. The company operates through Adhesive Solutions, Advanced Materials, Coating Solutions, and Intermediates segments. Arkema S.A. was incorporated in 2003 and is headquartered in Colombes, France. In February 2021, Arkema announced further increasing its polyvinylidene difluoride (PVDF) production capacities at its Changshu site of China, due to the augmented demand for PVDF from the lithium-ion battery industries as well as water filtration, construction coatings and semiconductor industries. The growth will be accomplished by the end of 2022, which will improve the company's fluoropolymer business.
