Global PVDF Resin Market: Snapshot
The global PVDF resin market has seen an upswing in the past couple of years and going forward too is expected to retain that trend. Majorly fuelling the market is the rising usage of PVDF resin in various end-use industries. Their excellent performance is one of the primary reasons behind it.
In order to cater to demand from various consumers, market players are seen investing in product innovations and indulging in strategic alliances with other leading companies. Moreover, the rising penetration of PVDF resin in industries such as aviation, automotive, oil and gas, and new energies is fur slated to provide a shot in the arm to market by driving the demand for PVDF resin in the next couple of years. Posing a challenge to the market, on the other hand, is the emergence of substitutes, rising environmental concerns, and volatility in raw material prices.
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Some of the prominent regions in the global PVDF resin market are Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Among them, Asia Pacific is slated to become one of the dominant region in the global PVDF resin market on account of rising investments in industries such as automotive, pharmaceuticals, chemical, and oil and gas. The region’s growth will be primarily powered by the developing economies of India and China owing to the swift pace of industrialization.
Some of the prominent participants in the global PVDF market are Arkema S.A., Daikin Industries, Ltd., Dyneon GmbH & Co. KG, Kureha Corporation, Shanghai Ofluorine Chemical Technology Co., Ltd., Solvay S.A., and RTP Company, Inc.
Global Polyvinylidene Fluoride (PVDF) Resin Market: Snapshot
In materials and polymer chemistry, resin is a solid or tremendously glutinous material found from a plant or from a synthetic origin which is principally converted into polymers. They are often a combination of organic compound, mainly terpenes and its byproducts. Several plants, mainly woody plants, give it away as a result of any wound. The resin thus acts a protection to the plant from the invading pathogens and insects. Many resins also comprise a rather sizeable amount of resin acids. The single components of the resin can be unglued through fractional distillation. Many materials are manufactured through the conversion to solids from synthetic raisins.
Polyvinylidene fluoride is the homopolymer of 1, 1-di-fluoro-ethene. The properties which it has such as high electrical ability and desirable insolubility are the result of the polarity of irregular CF2 and CH2 groups of the polymer chain. Hard and porous PVDF can be used at temperatures ranging from -80 to 300 degree F. PVDF is available as an insulator, plate, films, tubing, sheet, and piping products. It can be welded or molded, injected, and used in the defense, medical, semiconductor, and chemical industries. PVDF resin can also be found as a closed-cell cross-linked foam, thus can is highly used in aerospace and aviation applications.
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The report examines the growth of the global PVDF resin market that occurred in the last over the last few years and is likely to occur in the coming years. The research publication additionally explains the causes of the fluctuations in the global market. It does this by assessing of the facets and the different trends that have been prevalent from past few years and also the aspects that are anticipated to maintain a strong impact on the market over the coming years. The Porter’s five forces analysis has been considered by analysts to present a clear picture of the vendor landscape to readers. Agreements, mergers, acquisitions, and other dealings have been further mentioned in the study. It focuses on the strategies, products, and market share along with position of the companies operating in the market.
Global Polyvinylidene Fluoride (PVDF) Resin Market: Trends and Opportunities
The global PVDF resin market is expected to be driven by the growing demand for PVDF resin across several end-use industries. The growing acceptance of PVDF resin coupled with high performance characteristics are expected to further bode well for the growth of the market. To meet the incessant growing demand from consumers, market players are focusing on innovating their products and create strategic alliances with other leading companies. Moreover, the rising penetration of PVDF resin in industries such as aviation, automotive, oil and gas, and new energies is further expected to drive the demand for PVDF resin over the coming years. However, growing threat from substitutes, rising environmental concerns, and fluctuating prices of raw materials are likely to hamper the growth of the market.
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Global Polyvinylidene Fluoride (PVDF) Resin Market: Regional Outlook
Asia Pacific is expected to emerge as a prominent region in the global PVDF resin market owing growing investments in industries such as automotive, chemical, pharmaceuticals, and oil and gas and rapid industrialization. China and India are likely to provide lucrative growth opportunities to manufacturers.
Global Polyvinylidene Fluoride (PVDF) Resin Market: Vendor Landscape
Some of the leading companies in the market are Arkema S.A., Daikin Industries, Ltd., Kureha Corporation, Dyneon GmbH & Co. KG, Solvay S.A., Shanghai Ofluorine Chemical Technology Co., Ltd., and RTP Company, Inc.