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Global PVDF & PVF Films Market: Snapshot of Top Investment Pockets

Global PVDF & PVF Films Market

Chemicals | Oct, 2017

Fluoropolymers: Major Types & Applications

Fluoropolymers are fluorocarbon-based polymers, containing many strong carbon to fluorine bonds and are tailored to be utilized as a high-performance material in a broad array of end user industries. The various types of fluoropolymers include perfluorocycloalkene, vinyl fluoride, tetrafluoroethylene (TFE), chlorotrifluoroethylene (CTFE) and many more, however Polyvinylidene Fluoride (PVDF) and Polyvinyl Fluoride (PVF) films are showcasing increasing penetration across applications such as semiconductor manufacturing, wire and cable insulation and coating in construction applications, which in turn is escalating the global PVDF and PVF films market through 2026. 


Leading End User Industries in Global PVDF & PVF Films Market: 

1.  Automotive: 

The automotive industry is emanating massive market opportunities for the PVDF and PVF film manufacturers across the globe, on account of increasing demand for automobiles and rising investments for light weight vehicles. The escalating sales of general & commercial utility vehicles, growing consumer fondness for fuel-efficient & light-weight vehicles and swarming investments in public transportation segment are some of the lucrative growth areas for PVDF and PVF films. The immense strength and durability offered by PVDF and PVF films are extensively catalyzing their demand across automotive applications such as decals and decorative films, electrochromic applications, plastic optical fibers and many more, throughout the world.

 
        Source: Organisation Internationale des Constructeurs d’Automobiles (OICA)

2.  Building & Construction:

The building & construction industry account as one of the largest end user industry in the global PVDF and PVF films market. The PVDF and PVF films can be coated to a broad range of architectural substrates and can be further used to protect and preserve building walls and ceiling against extreme weather conditions, fading, cracking and corrosion. Other major applications of PVDF and PVF films in the construction industry include wall coverings, residential and commercial roofing, siding, trim and accents, metal building panels, laminates for air-inflated structures, canopies, awnings and stadium domes, indoor and outdoor fabrics, curtain walls, healthcare facility surfaces, pipe and vessel jacketing and many more. The increasing number of construction projects across Europe and other parts of the world would accelerate the consumption of PVDF and PVF films significant over the span of next nine years.

Partial List of Construction Projects in Europe, 2017

   

 Project Details

Location

Project Status

Investment

New Stadium at Stamford Bridge

UK

Started in January 2017

USD588.77 Million

Greenwich Peninsula Masterplan

UK

Started in February 2017

USD10.8 Billion

Elbe Philharmonic Hall

Germany

Competed in January 2017

USD677.09 Million

U Arena (Sports and entertainment complex)

France

Expected Completion October 2017

USD485 Million

Vendsyssel Theatre and Experience Centre

Denmark

Competed in January 2017

USD22.5 Million


                                                                                                                                                          Source: TechSci Research


      3. Electricals & Electronics:

     Superior functional properties of PVDF films are propelling their applications in semiconductor and battery manufacturing processes. The ability to handle elevated temperature, excellent adhesion and boost the electrical performance of high-energy lithium-ion batteries are boosting the adoption of PVDF films as an electrode binder to manufacture Li-Ion batteries for hybrid as well as pure Electric Vehicles. With the increasing popularity of lithium ion batteries across consumer electronics such as mobile phones, tablets, power tools, etc. in addition to the ongoing booming electric vehicles segment, the global PVDF and PVF films market is expected to witness a boisterous growth over the 

Total Sales of Electric Vehicles in Selected Nations, By Type, 2016

  

Source: International Energy Agency (IEA)

Additionally, the applications of PVDF and PVF films in the manufacturing of electrical appliances and semiconductors would further advance their demand across fast growing nations such as India and China. For instance, India is focusing to strengthen the electronics manufacturing industry of the country by attracting Foreign Direct Investments (FDIs), rising from USD1.64 billion in 2014 to USD18.34 billion in 2016, which is reflecting a positive growth trend for PVDF and PVF films regionally as well as globally.

Conclusion:

In conclusion, the global PVDF and PVF Film market is expected to showcase steady growth over the span of next 9 years on account of diverse range of applications in multiple end user industries. The growth in the global PVDF and PVF films can be attributed to the rapid industrialization going on in the developing nations, subsequently emanating market opportunities for fluoropolymers. The ability of Polyvinylidene fluoride (PVDF) and Polyvinyl Fluoride (PVF) films to display inertness to chemicals, resistance to high temperature, weathering and good electrical insulation would further bolster the global PVDF and PVF Films market through 2026. Global PVF Films market is projected to reach approximately USD700 Million by the end of 2026 whereas PVDF Films are estimated to garner larger share in the overall global PVDF and PVF Films market. 

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