Sep 3, 2021   SOURCE: BusinessWire

Worldwide Polyvinylidene Fluoride Industry to 2026 - Pipes and Fittings Segment to Drive the Market Growth - ResearchAndMarkets.com

The "Polyvinylidene Fluoride (PVDF) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The market for Polyvinylidene Fluoride (PVDF) is anticipated to register a CAGR of around 5% during the forecast period.

Companies Mentioned

  • Arkema Group
  • Dyneon LLC (3M Company)
  • Kureha Corporation
  • Quadrant Group of Companies (Mitsubishi Chemical Corporation)
  • RTP Company
  • SABIC
  • Saint-Gobain Performance Plastics (Compagnie de Saint-Gobain S.A.)
  • Shanghai 3F New Materials Co. Ltd
  • Shanghai Ofluorine Chemical Technology Co. Ltd
  • Solvay

Key Market Trends

Pipes and Fittings Segment to Drive the Market Growth

  • PVDF piping systems are environmentally sound, easy to install, chemical-resistant, and cost-effective. They are used for chemical distribution systems, which require no reaction with fluids or ingredients in the piping system. Furthermore, PVDF pipes have high mechanical strength and dielectric properties, which make it an ideal material for chemical processing and oil and gas industry.
  • Additionally, owing to their unique performance advantages, such as ease of handling and installation, long service life, and chemical resistance over other conventional materials; demand for PVDF in small- and medium-size diameter pipes are increasing at a significant rate.
  • Rebounding building construction expenditures are further expected to increase the demand for thermoplastic pipes, which are used as a conduit, for gas distribution, drain, waste, and vent pipes.
  • PVDF can also be used in outdoors, due to its UV inhibiting characteristics against ultraviolet radiation. Moreover, PVDF materials are resistant to various ordinary chemicals, such as acids, bases, salts, and oxidants.
  • Globally, PVDF pipes and fittings find their applications in pharmaceutical grade water system, acid distribution system, UPW and HUPW (Hot) ultrapure water return loops in microelectronics, chemical applications, and sanitization with ozone, steam, or hot water. They are widely used in the building and construction industry, chemical processing, oil and gas, and in other end-user industries.
  • Asia-Pacific is the hub for chemical processing. Chemical industry in countries, such as China, India, and Japan, has been growing rapidly.

Asia-Pacific Region to Dominate the Market

  • China is the world's largest economy, in terms of PPP (purchasing power parity). However, it is the second-largest economy, when calculated in terms of nominal GDP. The country's growth slowed down in the past few years, and it recorded 6% GDP growth in 2019, which has been the slowest rate in the country's economic history since 1990. This growth rate is moderating, due to the maturing of China's economy, combined with tensions over the country's trade disputes with the United States.
  • Although China was the first country to be affected by COVID-19 and its consequent lockdown, it became the first country to lift the lockdown. Currently, it is on its long journey toward normalcy. However, a major chunk of the Chinese economy is linked to foreign exports, which are witnessing low demand. This factor may negatively affect the Chinese industry in the near future.
  • The Chinese construction industry is still strong, but growth is slowing, as is economic growth. While growth may not be occurring as quickly as in previous years, the country is still very strong economically. According to the global data, the construction industry in China is expected to grow at more than 4.5% during the forecast period.
  • Demographics in China is expected to continue to spur the growth in residential construction. Rising household income levels, along with population migrating from rural to urban areas, are expected to continue to drive the demand for the residential construction sector in the country. Increased focus on affordable housing by both public and private sectors may drive growth in the residential construction sector.
  • However, China, being a major manufacturing hub across the world, has been severely affected by the recent break down of COVID-19. Owing to the stalling of manufacturing activities across the country, the scenario is expected to affect the global economy very widely and also the demand for the market studied in 2020.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Increase in Demand from the Military and Aerospace Sector

4.1.2 Increasing Demand for Lithium-ion Batteries

4.1.3 More Desirable Properties in Comparison to Other Fluoropolymers

4.2 Restraints

4.2.1 Negative Impact of COVID-19

4.3 Industry Value Chain Analysis

4.4 Porter's Five Forces Analysis

4.5 Patent Analysis

4.6 Production Process Analysis

5 MARKET SEGMENTATION

5.1 Application

5.2 End- user Industry

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Ranking Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Technological Advancements in the Applications of PVDF

For more information about this report visit https://www.researchandmarkets.com/r/hljbve