World Polyvinylidene Fluoride Market Volume to Register a 7% CAGR to 2022, States Industry Experts in Topical Report Available at MarketPublishers.com
06 Jun 2016 • by Natalie Aster
LONDON – Owing to their remarkable characteristics and diversity, PVDF resins evolved into a crucial component in a vast range of applications. Whilst PVDF resins have been a witness to stable growth in traditional markets, such as cables & wires, coatings, oil & gas and chemical processing, there has also been a synchronous hike in the demand for these resins in more modern and high-potential fields, encompassing photovoltaics (PV), water filtration and li-ion batteries.
The world volume of PVDF consumption is forecast to reach 46.1 thousand metric tons by 2016-end and projected to be estimated at 69.2 thousand metric tons in 2022, recording a 7% CAGR. The world’s value demand for these resins is poised to register a higher CAGR of 7.5% and amount to USD 1.4 billion by 2022 from the expected USD 899.5 million as of 2016.
The APAC region accounts for the lion’s market share, and is also the most rapidly growing PVDF market. It is projected to reach 28.3 thousand metric tons by 2022, posting a 9.2% CAGR. The volume of PVDF consumption in Europe is anticipated to maintain the slowest CAGR of 5.1% over the identical period, and is slated to increase from 12.2 thousand metric tons as of 2016 to reach 16.4 thousand metric tons by 2022-end.
Kureha Corporation, 3M Company, Shanghai Ofluorine Chemical Technology Co Ltd., Dongyue Group Limited, Arkema Group, Shanghai 3F New Material Co Ltd., and Solvay SA., amid others, are the leading players in the marketplace.
Topical report “Polyvinylidene Fluoride (PVDF) - A Global Market Overview” created by Industry Experts provides an overview, analysis and forecast of the PVDF market worldwide during 2012-2022, focusing on key regional markets and 12 independent countries within them. The study examines the major end-use sectors of PVDF in terms of volume and value. It throws light on the major product and business trends. The research publication contains detailed profiles of the top 7 global players and 19 key players across North America, Europe and the APAC region. A comprehensive listing of the 106 firms involved in the production and processing of PVDF resins is available, with details such as addresses, contact numbers and the web addresses.
More studies by the publisher can be found at Industry Experts page.