Polyvinylidene Fluoride (PVDF) Market Overview, Growth Analysis Forecast To 2027

The global polyvinylidene fluoride (PVDF) market size is valued at USD 876 million in 2020 and is expected to reach USD 1192 million by 2027, at a CAGR of 4.5% during the forecast period 2021-2027. The report studies medical tapes market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, This report covers newer product introductions and competition analysis with vividly illustrated competition dashboard to assess the market competition.

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In the aerospace sector, PVDF resins are used to manufacture piezoelectric smart materials, which help in guiding the airflow across the wings of an aircraft and maintaining it during take-off and landing. Therefore, the numerous applications for PVDF resins from the military and aerospace sector are anticipated to drive the studied market globally. PVDF resins are used in aerospace transducers, sensors and find their applications as accelerometers (for the measurement of vibration), gyroscopes (for the measurement of the acceleration and pitch of aircraft, missiles, and satellites), and level sensors (e.g., fuel tanks). Boeing 777 is one of the most successful commercial aircrafts in the recent times, which uses piezoelectric ceramic material within fuel tank probes. In the recent years, there has been an increase in defense expenditure, which has led to the increase in usage for PVDF resins. Countries, like the United States, China, Russia, India, and Saudi Arabia have increased their defense budgets, due to the increasing global unrest.

Market Segments:-
1) The Resin Type segments are Alpha, Beta, Delta and Gamma
2) By Application are Wires and Semicon Processing, Pipes and Fittings, Membranes, Li-ion Batteries, Films and Sheets and Coatings.
3) By End Users Aerospace and Defence, Automotive and Transportation, Building and Construction, Chemical Processing, Electrical and Electronics and Oil and Gas.

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Some of major key players in the Polyvinylidene Fluoride (PVDF) Market are Zhuzhou Hongda Polymer Materials Co. Ltd. (China) Zhejiang Fotech International Co. Ltd. (China) Solvay S.A. (Belgium) Shanghai Ofluorine Chemical Technology Co. ltd. (China) Shanghai 3F New Materials Company Limited (China) Quadrant Engineering Plastics Products Inc. (Switzerland) Kureha Corporation (Japan) Dyneon GmbH (Germany) Daikin Industries ltd (Japan) Arkema (France)

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