Polyvinylidene fluoride (PVDF) is a specialty plastic polymer that possesses high chemical and thermal resistance properties which makes it suitable for various applications in industries such as oil & gas, chemical processing, semiconductor, and agriculture. PVDF is increasingly being used as membrane material in ultrafiltration and microfiltration processes due to its excellent membrane forming ability and ability to withstand high operating temperatures and exposure to harsh chemicals. Membranes manufactured using PVDF offer higher flux and permeate quality compared to traditional materials like polyamide and cellulose. With growing focus on wastewater treatment and need for advanced membrane filtration technology, the demand for PVDF is expected to rise substantially in the coming years.
The global Polyvinylidene Fluoride Market is estimated to be valued at US$ 1541.69 million in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving growth in the Global Polyvinylidene Fluoride Market Size is rising innovation in membrane technology used for industrial filtration processes. Membrane manufacturers are investing in R&D to develop advanced membrane grades that can withstand wider ranges of operating conditions and chemicals. For instance, membrane manufacturing companies are coming up with PVDF membranes optimized for harsh chemical filtration in semiconductor wafer manufacturing. These membranes can filter aggressive solvents and acids at high temperatures. Similarly, new PVDF membranes that offer higher flux and better permeate quality are boosting their adoption in various industrial filtration applications like desalination. Growing membrane technology innovations centered around chemically-resistant PVDF are expected to support the market growth over the forecast period.
Porter’s Analysis
Threat of new entrants: The polyvinylidene fluoride market requires substantial R&D investments and capabilities to produce specialized materials. Therefore the threat of new entrants is low.
Bargaining power of buyers: The presence of several established manufacturers limits the bargaining power of buyers in this market.
Bargaining power of suppliers: Key raw materials for PVDF production such as vinylidene chloride monomers have few substitute options, increasing supplier bargaining power.
Threat of new substitutes: Some polymer substitutes exist but none fully replicate PVDF properties, so the threat from substitutes is moderate.
Competitive rivalry: Being a specialized market, competition is high between major players to gain market share through product innovation and expansion.
Key Takeaways
The global polyvinylidene fluoride market is expected to witness high growth over the forecast period. Global Polyvinylidene Fluoride Market is estimated to be valued at US$ 1541.69 million in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period 2024 to 2031.
Regional analysis: The Asia Pacific region is expected to continue being the fastest growing as well as the largest regional market for polyvinylidene fluoride during the forecast period. This is attributed to extensive industrial growth and rising PVDF consumption in the membrane production, wire, and cable industries in China and India.
Key players: Key players operating in the polyvinylidene fluoride market are Arkema, Solvay, Dongyue Group, 3F, Kureha, Sinochem Lantian, Zhejiang Juhua, Shandong Deyi, 3M, Zhejiang Fluorine, and DAIKIN.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it