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Robust Demand Growth from Electrical&Electronics Sector Leads PVDF Market to Reach 130K MTs by 2026
As per the new report "Polyvinylidene Fluoride (PVDF) – A Global Market Overview", Asia-Pacific is the world's largest volume market for PVDF with estimated 62% volume share in 2021 and further projected to record the fastest 2021-2026 CAGR.
By: Industry Experts, Inc
The impact of coronavirus pandemic has evident across all regions, and the demand for Polyvinylidene Fluoride (PVDF) witnessed a moderate year-over-year increase of 3% globally in 2020. Consumption of PVDF has decreased significantly by 5.2% in South America followed by Europe (-5.2% YOY) and North America (-4.2% YOY), while the impact was not evident in Asia-Pacific region and the demand for the same was registered a YOY growth of 8.6% in 2020, owing to the robust growth in Chinese, Japanese and South Korean lithium-ion battery separators market.
Almost all application sectors of Polyvinylidene Fluoride (PVDF) were impacted negatively by the COVID-19 pandemic, while Electrical & Electronics sector has not had any negative impact but rather demand was accelerated at a robust YOY rate of 21.6% in 2020. A year when the global economic downturn led to a sharp decline in overall vehicle sales, global sales of electrical vehicle (EV) increased by 36.4% in 2020. The overall PVDF market is expected to reach about 80K metric tons in 2022, valued at US$1.6 billion.
The market for end-use sectors of PVDF analyzed in this report includes analyzed in this report comprise Automotive & Transportation, Electrical & Electronics, Building & Construction, Chemical Processing, Industrial and Other.
This report reviews, analyzes and projects the PVDF market for global and the regional markets including North America, Europe, Asia-Pacific, South America and Rest of World for the period 2017-2026 in terms of volume in metric tons and value in USD. These regional markets further analyzed for 15 independent countries across North America – The United States, Canada and Mexico; Europe – France, Germany, Italy, Russia, Spain and the United Kingdom; Asia-Pacific – China, India, Japan, South Korea and Taiwan; and South America – Brazil.
This 236-page global PVDF market report includes 171 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of market numbers. This report profiles 7 key global players and 25 major players across North America – 3; Europe – 4; and Asia-Pacific – 18. The research also provides the listing of the companies engaged in manufacturing and processing of Polyvinylidene Fluoride resins.
California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
For more details, please visit: https://industry-