PUBLISHER: Industry Experts | PRODUCT CODE: 1068498
PUBLISHER: Industry Experts | PRODUCT CODE: 1068498
The impact of coronavirus pandemic has evident across all regions, and the demand for Polyvinylidene Fluoride (PVDF) witnessed a moderate growth of 3% globally in 2020 compared to 2019. 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$1.6 billion.
End-Use Sectors of PVDF analyzed in this study comprise the following:
The report reviews, analyzes and projects the global PVDF market for the period 2017-2026 in terms of market volume in metric tons and value in US$ and the compound annual growth rates (CAGRs) projected from 2021 through 2026 with a special focus on y-o-y growth for 2019-2020.