Renewable PVDF Market Size

  • Report ID: 3488
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Renewable PVDF Market Size

Renewable PVDF Market size was valued at USD 1.19 billion in 2024 and is expected to reach USD 3.56 billion by 2037, expanding at around 8.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of renewable PVDF is assessed at USD 1.36 billion.
 

The primary reason for the global market growth during the forecast period is the rising number of electric cars running on the roads of the world. The increase in the demand for electric vehicles has paved the way for the lithium-ion battery production growth which in turn is anticipated to escalate the utilization rate of renewable PVDF and create favorable opportunities for market growth during the forecast period. According to the statistics revealed by the International Energy Agency (IEA), global electric vehicle sales nearly doubled to 6.6 million in 2020, which brought the total number of electric cars on worldwide roads to 16.5 million.

Polyvinylidene fluoride (PVDF) is considered to be a thermoplastic fluoropolymer with the advantages such as high inertness and stability. Usually, renewable PVDF is used for easy processing in molding, extrusion, and compounding as thermoplastic polymers. Owing to its other benefits such as chemical resistance toward chlorine, bromine, iodine, and other acids at high temperatures, along with its ability to be injected, molded, or welded, renewable PVDF is commonly used in chemical, semiconductor, medical, and defense industries. All these factors couple up to bring new opportunities for market growth during the upcoming years.


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Author Credits:  Dhruv Bhatia


  • Report ID: 3488
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of renewable PVDF is assessed at USD 1.36 billion.

The renewable PVDF market size was valued at USD 1.19 billion in 2024 and is expected to reach USD 3.56 billion by 2037, expanding at around 8.8% CAGR during the forecast period i.e., between 2025-2037. The market growth is propelled by growing production of electric vehicles around the world and the rising demand for lithium-ion batteries in automotive applications.

Asia Pacific is anticipated to have the highest growth through 2036, impelled by increasing demand for smart gadgets and other smart electronic devices in the region.

The major players in the market are Solvay SA, Daikin Industries Ltd., Kureha Corporation, 3M Company, Dyneon GmbH, Shanghai Oflourine Chemical Technology Co. Ltd., Quadrant Engineering Plastics Products Inc., Zhuzhou Hongda Polymer Materials Co. Ltd., Arkema S.A., Saudi Basic Industries Corporation
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