PUBLISHER: Allied Market Research | PRODUCT CODE: 1344267
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344267
According to a new report published by Allied Market Research, titled, "PVDF Resin Market," The pvdf resin market was valued at $2 billion in 2021, and is estimated to reach $4.2 billion by 2031, growing at a CAGR of 7.8% from 2022 to 2031.
Polyvinylidene fluoride (PVDF), also known as polyvinylidene difluoride, is an engineering plastic that belongs to the family of semi-crystalline fluoropolymers. It is a non-reactive fluoropolymer produced by the polymerization of vinylidene difluoride (VDF). PVDF is used in applications that involve high-temperature resistance, chemical resistance, strength, and purity toward acids, bases, solvents, and heat. Moreover, it is a key ingredient in high-end coatings for metal roofing in residential and commercial applications. PVDF membranes have the ability to immobilize proteins, owing to their affinity toward amino acids. Moreover, PVDF resins find extensive use as sheets, films, tubes, and coatings in various end-user industries such as chemical processing, oil & gas, construction, and electrical & electronics.
The rise in demand for PVDF resin from various end-use industries such as chemical processing, electrical & electronics, new energies, and construction are the key driving factors in the growth of the market. In addition, high-performance properties along with the rise in the adoption of PVDF resin are anticipated to fuel the market growth during the forecast period. PVDF resin has high demand in Europe, the U.S., and across emerging economies such as China and India. The PVDF resin has witnessed noticeable growth over the past few years. This trend is expected to continue during the forecast period, owing to an increase in demand for lithium-ion batteries, photovoltaic films, coatings, and government support for R&D to find new commercial avenues.
PVDF is used in lithium-ion batteries primarily as a binder material in the electrode manufacturing process. PVDF is used in lithium-ion batteries primarily as a binder material in the electrode manufacturing process. The electrodes in lithium-ion batteries consist of active materials, such as lithium cobalt oxide (LiCoO2) for the positive electrode and graphite for the negative electrode. These active materials are mixed with PVDF resin and other additives to form a slurry. The PVDF resin acts as a binder, holding the active materials together and providing mechanical strength to the electrodes. It also helps improve the adhesion between the active materials and the current collector, which is typically made of copper or aluminum foil.
The PVDF binder ensures good electrical conductivity within the electrode and helps maintain structural integrity during the charge-discharge cycles of the battery. Furthermore, PVDF has good chemical compatibility with the electrolyte used in lithium-ion batteries, which typically consists of lithium salts dissolved in an organic solvent. PVDF's chemical resistance helps prevent the binder from degrading or reacting with the electrolyte, contributing to the long-term stability and performance of the battery.
The global PVDF resin market is segmented on the basis of the type of crystalline phase, application, end-use industry, and region. Depending on type of crystalline phase, the market is segmented into alpha, beta, gamma, and delta. On the basis of application, the PVDF resin market is segmented into pipes and fittings, films and sheets, coatings, membranes, wire and cable, Li-ion Batteries, and others
By end-use industry, the global PVDF resin market is categorized into chemical processing, electrical & electronics, construction, new energies, oil & gas, pharmaceuticals & biomedical, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.