The global polyvinylidene fluoride (PVDF) market is anticipated to register a compound annual growth rate (CAGR) of 12.85% between 2025 and 2030.
Polyvinylidene Fluoride (PVDF) is a specialty plastic used in applications requiring the highest level of purity. PVDF is a high-reactive thermoplastic fluoropolymer obtained by vinylidene difluoride polymerization. It is typically a semi-crystalline polymer, which is approximately 50% amorphous. Compared to other fluoropolymers, PVDF provides low permeation values owing to high crystallinity and surface tension properties. This permeability is influenced by modifying crystalline parts and the crystalline degree. These materials are processed and fabricated into parts and coatings or processed from solutions such as spin coating, film casting, and solution casting.
PVDF, a specialty polymer with piezoelectric and pyroelectric properties, is used in the production of numerous products for various end-user industries, including electrical, electronic, construction, oil-and-gas, biomedical, and food industries. Moreover, owing to PVDF’s high dielectric constant and dissipation factor, it is primarily used in wire and cable isolation.
PVDF is considered one of the most popular membrane materials. This has been used in various biomedical membrane applications and waste-water treatment. Thermal stability, chemical resistance, and processability are the most important properties fueling its application. Further, most commercial membranes are produced via the phase inversion method to reduce production costs.
With the growth in electric vehicle adoption, the need for lithium-ion batteries is increasing. These batteries are also used in electronic devices and energy storage systems due to their high energy density, low self-discharge rate, and long cycle life. PVDF is one of the most important components used in producing lithium-ion batteries, as it acts as a binder and a conductive additive, improving the battery's performance and stability.
The PVDF market is further propelled by growing product innovation, expanding application areas, and fostering competition. These innovations in PVDF formulations, processing techniques, and applications lead to developing new products with enhanced properties. Solvay, for instance, received a US$178 million grant under the American Battery Materials Initiative. Under the US Department of Energy grants in the second half of 2022, this initiative issued a total of US$2.8 billion as a part of the Inflation Reduction Act (IRA). The rising demand for electric cars in the United States is due to the IRA provisions and incentives for electric car production. This is coupled with investments into the nationwide car charging grid authorization by the Infrastructure Investment and Jobs Act.
Solvay's Solef PVDF is an excellent example of product innovation in the market. Flame retardant, with a high degree of purity, robust mechanical properties, and broad chemical resistance at high temperatures, is one of the company’s leading products. This specialty polymer has already been used for various purposes in the automotive industry and has proven successful. The advancements open opportunities in multiple sectors, including electrical & electronics, construction, automotive, healthcare, and renewable energy.
The rise of the electrical and electronics sector significantly influences the PVDF market, owing to its low thermal conductivity, weight, flexibility, and heat resistance. Additionally, it is also used in semiconductors due to its piezoelectric properties. The films made from this material are used as sensors and actuators in semiconductor devices due to their ability to convert mechanical deformation into electrical signals. Hence, the PVDF market is being driven by high-purity semiconductor applications.
Furthermore, India relies heavily on imports for its semiconductor requirements. India imports 95% of its semiconductors from China, Taiwan, South Korea, and Singapore. Apart from this, PVDF is also used in semiconductor devices, providing protection against electrical breakdown and improving device reliability.
Along with the expected growth of the United States electric vehicle and stationary storage market, the demand for lithium-ion batteries is also increasing considerably. This, in turn, necessitates a robust and secure local supply chain. The Orbia-Solvay partnership is an example of this. It secures the supply of intermediate materials and critical minerals from Orbia to be used by Solvay to manufacture suspension-grade PVDF, often used as a lithium-ion binder.
Owing to its impermeability and chemical resistance, PVDF fittings are largely used in residential and commercial buildings. These factors, in turn, support the polyvinylidene fluoride market growth. Along with this, polyvinylidene fluoride membranes are highly sought in different operations, including manufacturing equipment, transportation containers, and corrosive chemicals for pumps. As per the new residential construction statistics stated by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development in April 2024, the number of building permits was 1,440,000, whereas that of housing completions was 1,623,000.
Nonetheless, the Secretariat of Infrastructure in the Planning Commission is involved in creating world-class infrastructure in India by initiating multiple policies. These policies focus on bridges, dams, power, roads, and urban infrastructure development. These initiatives, coupled with the growth in construction, fuel the demand for pipes and fittings, boosting the PVDF market expansion.
Geography-wise, the global PVDF market is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Globally, the PVDF market is anticipated to grow, with Asia Pacific being the dominant region, consisting of major manufacturing hubs, including China. The country has invested heavily in developing various machine tools and digitalized manufacturing technologies. For instance, the government of China aims to make the nation a global leader in advanced manufacturing, for which a five-year plan named” Made in China 2025” was launched.
PVDF is used in various industrial applications such as coating, films, and membranes. The industry’s growth is further attributed to rapid industrialization and the expansion of multiple applications. The demand for consumer electronics further drives the development. Electronic system design and manufacturing continue to transform businesses and economies worldwide. As of 2024, the electronics market in India is valued at US$155 billion, of which domestic production accounts for 65%, as stated by Invest India.
This accelerated growth is attributed to the rollout of 5G networks and IoT. Initiatives, including ”Digital India” and ”Smart City”, have ushered in a new era for electronic devices, increasing the demand for IoT. With the growth in per capita disposable income and private consumption, the nation has emerged as one of the largest electronics products markets in the world. Alongside this, to pave the way for India’s technological leadership in the industry, the Semicon India Program was established with an incentive outlay of US$10 Billion to develop a sustainable semiconductor and display ecosystem in the nation.
Comprehensively, the growing electronic industry and growth in manufacturing sectors are key factors positively impacting the market growth in leading economies, including India and China.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Growth Rate | CAGR of 12.85% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in the Polyvinylidene Fluoride (PVDF) Market |
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| Customization Scope | Free report customization with purchase |
The Global Polyvinylidene Fluoride (PVDF) Market is segmented and analyzed as follows: