Global Polyvinylidene Fluoride (PVDF) Market was valued at US$ 956 billion in 2017 and is expected to reach US$ 1,667.31 billion by 2025, witnessing a CAGR of 7.2% over the forecast period (2018 – 2025), according to Polyvinylidene Fluoride (PVDF) Market report, by Application (Coatings, Pipes, Sheets, Tubes, Films, Membrane, Cables and Others), by End-use Industry (Oil & Gas, Chemical Processing, Construction, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), published by Coherent Market Insights.
Increasing demand for PVDF in applications such as coatings, pipes, and films are driving growth of the global polyvinylidene fluoride (PVDF) market. It provides highest purity, resistance to solvent acid and bases. PVDF is commonly used as insulation on electrical wires due to its combination of flexibility, low weight, low thermal conductivity, high chemical corrosion resistance, and heat resistance.
However, fluctuating prices of raw materials is expected to be one of the restraining factors affecting growth of the polyvinylidene fluoride (PVDF) market over the forecast period.
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Key Trends and Analysis of the Polyvinylidene Fluoride (PVDF) Market:
Key Takeaways of the Market:
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