Global polyvinylidene fluoride market (PVDF) is expected to witness growth on account of increasing demand for semiconductors, wire and cable insulation, and artificial membrane in biomedical science. PVDF has applications in industrial processes and scientific research owing to its properties such as membrane forming, high thermal stability, and good chemical resistance. Other applications of PVDF include pollutants removal, water treatment, gas separation, bioethanol recovery, and gas separation. Increasing aforementioned applications are likely to augment the polyvinylidene fluoride market growth over the forecast period.
Polyvinylidene fluoride is a non-reactive and thermoplastic fluoropolymer, which is produced through the polymerization of vinylidene difluoride. PVDF exhibits pyroelectric and piezoelectric properties during poling, paves its way for use in battery and sensor applications commercially available in a variety of brand names including KF, Kynar, Solef, and Hylar. Polyvinylidene fluoride has application in biomedical sciences as an artificial membrane in immunoblotting owing to its chemical resistance property. This property enables PVDF membranes for use as a membrane filtration device in the biomedical industry.
Numerous properties exhibited by PVDF, including chemical, corrosion, and heat resistance along with protein binding features pave its way for use as a sterilizing filter in preparation of samples for high performance liquid chromatography. Growing biomedical industry on account of rising expenditure on R&D for molecular diagnostics is expected to have a positive impact on the market. PVDF has application in the fishing industry for manufacturing monofilament fishing lines as an alternative to nylon monofilament on account of exhibiting properties such as less dense and good hardness.
Africa is expected to be a potential market in light of the presence of abundant fishing industry in Uganda and Tanzania which is likely to open new market opportunities for polyvinylidene fluoride manufacturers. Indiscriminate fishing practices in the East African countries of Tanzania and Uganda may lead to decline of the fishing industry and thus likely to hamper the PVDF market. Increasing application of PVDF to manufacture semi-conductor piezoresistive transducers for modal testing applications in the telecommunication industry is likely to have a positive impact on the polyvinylidene fluoride market.
Asia Pacific is expected to be potential market on account of increasing demand from healthcare and electrical industries in India and China. In September 2014, the Government of India launched Make in India Campaign aimed at encouraging the companies to manufacture their products in the country. This policy is likely to provide 100 percent foreign direct investment (FDI) in numerous industries including pharmaceutical, automotive, and construction sectors is likely to augment the demand for polyvinylidene fluoride.
In February 2014, the government of India published Draft National Chemical Policy which is aimed at increasing country’s chemical output at the domestic level from 3% to 6% from 2014 to 2020. This policy is likely to open new opportunities for PVDF market players in the near future. Rapid development of the healthcare and chemical industry in China on account of low manufacturing cost and easy raw material access is expected to have a positive impact on the market of polyvinylidene fluoride over the forecast period.
Polyvinylidene fluoride coatings exhibits properties such as abrasion and weathering resistance along with high dielectric strength and have ability to extinguish them in case of fire. This offering of PVDF coating renders its application in defense, semiconductor and manufacture of lithium ion batteries. North America is expected to be a promising PVDF market over the forecast period on account of the presence of robust manufacturing base of defense, healthcare, and semiconductors.
Key players include Solvay S.A., Arkema, Daikin Industries Ltd, Kureha Corporation, Dyneon Gmbh, Shanghai 3F New Materials, Company Ltd, Zhuzhou Hongda Polymer Co. Ltd, Quadrant Engineering Plastics Products Inc, Zhejiang Fotech International Co. Ltd.and Shanghai Ofluorine Chemical Technology Co. Ltd. In 2015, Valspar published a paper describing the application of combination of polyvinylidene fluoride resins and hard acrylic for delivering durable and high performance coating systems.
New Horizons, the interplanetary space probe to reach Pluto, designed and launched by NASA in 2006, incorporated the application of piezoelectric panels made of polyvinylidene fluoride. Incorporation of PVDF panels was indented for measuring the dust density in the outer solar system. In 2010, Rowland Technologies and Arkema in a strategic partnership launched a new product line of high performance PVDF films for application in photovoltaic for architectural sheet coating. Aforementioned developments by buyers and PVDF manufacturers are expected to have a positive impact on the PVDF industry.
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Halted manufacturing activities across various end-use industries has led to weakened demand for specialty polymers. The prevailing macroenvironment due to the pandemic shall register indications of recovery depending on the course of COVID-19's prevalence and subsequent resuming of manufacturing activities. The report will account for Covid19 as a key market contributor.