What are the major factors driving the growth of the renewable PVDF market?

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

What would be the CAGR of renewable PVDF Market over the forecast period?

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.. Read More

Which region will provide more business opportunities for growth of renewable PVDF market in future?

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 Read More

Renewable PVDF Market Trends

Growth Drivers

Extensive Growth in the Automotive Industry – With the rising automotive industry, the usage of lithium-ion batteries is expected to considerably grow. Lithium-ion batteries for automotive applications require PVDF for binding electrodes. Therefore, the surge in the automotive industry along with the increasing demand for automobiles is expected to escalate the demand for renewable PVDF. Recently, it has been calculated that the global automotive industry manufacturing industry amounted to almost USD 3 trillion by the end of 2021.
The Surge in the Aerospace and Defense Industry – Renewable PVDF has been used in the aerospace and military industries which is beneficial for protecting equipment from stress, moisture, chemicals, and vibrations. Thus, with the increase in the aerospace and defense industry, it is projected to create favorable opportunities for market growth during the assessment period. As per the recent analysis, it has been estimated that the aerospace and defense industry was valued at almost USD 720 billion in 2021, which is an increase of 4% from the previous years.
Growth in the Electrical and Electronics Industry – Owing to the various advantages such as low thermal conductivity, flexibility, and lightweight, renewable PVDF has found its application in wires and cables of various commercial, industrial, and consumer electrical and electronic products. Thus, with the rapid expansion of the electrical and electronics industry, it is estimated to create a positive outlook for the global renewable PVDF market to grow during the forecast period. As per the recent statistics, it has been revealed that the revenue generation of the consumer electronics sector is expected to stand at USD 1,030 billion by the end of 2023 and is further expected to grow with almost 3% CAGR value.
Increased Investment in the Research & Development (R&D) Sector – As per the World Bank, the Research and Development expenditure accounted for 2.63% of total GDP in 2020. This was a rise from 2.13% of the total GDP in 2017.

Challenges

Requirement of a High Cost in The Manufacturing Process – During the initial stage, a high amount of investment is required to manufacture renewable PVDF as it requires top-notch technology along with high-quality materials. As a result, there is a limited supply of renewable PVDF owing to the insufficient fund. All these factors couple up to increase the cost of renewable PVDF and impose a major roadblock to the market’s growth.
Less Awareness Level About Renewable PVDF
Rising Stringent Government Rules

Renewable PVDF Market: Key Insights

On the basis of geographical analysis, the global renewable PVDF market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the increasing demand for smart gadgets and other smart electronic devices in India and China, and rising consumer base of renewable PVDF in the region. Apart from these, growing construction activities and rising energy demand are also predicted to drive the region’s market growth in the future. Electricity consumption per capita reached 860 kWh in 2020, around the two thirds of the Asian average. Due to the Covid-19 crisis, total energy consumption fell by 3.4% in 2020 to 908 Mtoe. Additionally, the market in North America is assessed to acquire the largest share during the forecast period, which can be credited to the growing development of innovative products and strong presence of lithium-ion battery manufacturers in the region.

The global renewable PVDF market is further classified on the basis of region as follows:

North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Base Year	2024
Forecast Year	2025-2037
CAGR	8.8%
Base Year Market Size (2024)	USD 1.19 billion
Forecast Year Market Size (2037)	USD 3.56 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Renewable PVDF Market Trends