Polyvinylidene Fluoride (PVDF) Market - Segmented by Type, Application, and Geography - Growth, Trends, and Forecasts (2018 - 2023)
The PVDF market is expected to register a healthy growth rate during the forecast period (2018 - 2023). Increase in demand from military and aerospace sector and consumption of PVDF resins in electrical and electronic devices & battery manufacturing are expected to drive the market through the forecast period.
Increase in Demand from Military and Aerospace Sector
In the aerospace sector, PVDF resins are used to manufacture piezoelectric smart materials which helps in guiding the airflow across the wings of an aircraft and maintaining it during take-off and landing. Additionally, these materials are also known to resolve common complications with the aircraft, such as engine vibration, high cabin noise levels, ice formation on wings, flow separation due to turbulence, and control surfaces in cold conditions. Also, they are also used as smart sensors, smart Nano-robotics, smart combat suits, and smart skins in military and defense sector extensively. Therefore, the numerous applications for PVDF resins from the military and aerospace sector are anticipated to drive the studied market globally.
Aerospace & Defense - One of the Fastest Growing Application
Aerospace is the largest application of PVDF. The various airplane components, like engines, rotors, and other mechanical parts, require hard and wear resistant coatings that can withstand high temperatures, therefore, they use PVDF coatings. The growth of the aerospace sector, particularly the civil aviation sector, in the emerging economies, like India and China, coupled with growing foreign investments will affect the market positively.
Asia-Pacific to Lead the Market
Asia-Pacific is being regarded as the global economic powerhouse of the coming decade, due to the growing energy demand, infrastructure needs in construction, and irrigation sectors. Due to the growing population and increasing extent of urbanization, the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) has emphasized that the commencement of PPP mode (public-private partnership) of financing will contribute to the sustainable development in Asia-Pacific. Energy demand has forced enhanced recovery and technological advances in new or incremental sources, such as frontier gas, deep water, Liquefied Natural Gas (LNG), tight gas, shale gas, oil sands, and shale oil. Along with oil & gas pipelines, demand for water-related pipelines contribute to the need for advanced PVDF coating solutions.
Major Players -3M, Arkema S.A., Ausimont, Daikin Industries, Ltd., Dyneon GmbH & Co. KG and Elf Atochem among others.
Reasons to Purchase the Report
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- To identify the application that is expected to dominate the market
- To identify regions that are expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3 months analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
- This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook