Oil and Gas Offshore Exploration Boosting the Polyvinylidene Fluoride (PVDF) Market Growth – Exclusive Report by Mordor Intelligence

October 22 02:10 2021
Oil and Gas Offshore Exploration Boosting the Polyvinylidene Fluoride (PVDF) Market Growth - Exclusive Report by Mordor Intelligence
Mordor Intelligence
Asia-Pacific dominated the global polyvinylidene fluoride (PVDF) market with the majority of the consumption coming from China, ASEAN Countries, and Japan, among others.

Polyvinylidene Fluoride (PVDF) Market Overview

The market for Polyvinylidene Fluoride (PVDF) is anticipated to register a CAGR of around 5% during the forecast period. The factors driving the PVDF market growth are desirable properties of PVDF in comparison to other fluoropolymers, increasing demand for PVDF-based materials from the military and aerospace sector, and increasing demand for PVDF resins as a binder in lithium-ion battery manufacturing. PVDF pipes have high mechanical strength and dielectric properties, which makes them an ideal material for chemical processing and the oil and gas industry. The major increase in oil and gas offshore exploration and production activities can be mainly noticed majorly in Asia-Pacific and North America.

Download free sample here – Polyvinylidene Fluoride (PVDF) Market

Polyvinylidene Fluoride (PVDF) Market – Geographical Overview

The Asia-Pacific region to dominate the polyvinylidene fluoride (PVDF) market

According to China National Petroleum Corp. (CNPC), the gas consumption in China is expected to surge to around 600 BCM by 2040. In order to meet the growing gas demand, the country is planning to double its gas production to 325 BCM by 2040. With such future plans, the country is likely to witness numerous pipeline construction projects over the long run. There are numerous chemical plants lined up for construction within the period of next five years in the country. For instance, in November 2019, BASF started construction of its USD 10 billion integrated petrochemicals project, located in the southern province of Guangdong in China. Hence, all such oil and gas projects and chemical plants lined for development are likely to significantly add to the demand for PVDF for pipes, chemical equipment and storage tanks, and other applications in the country over the forecast period.

Check our other latest reports on –

Key Highlights of the Polyvinylidene Fluoride (PVDF) Market

  • The global PVDF market is consolidated, and the top four players accounted for a market share of over 90% of the global market.
  • The United States is one of the leading countries, globally, in terms of exploration of unconventional crude oil reserves and application of hydraulic fracturing for the same. The amount of oil produced from hydraulically fractured wells has been significantly increasing, in comparison to the oil produced from conventionally fractured wells. This, in turn, has been increasing the consumption of pipes and fittings in the exploration and production activities.
  • PVDF piping systems are environmentally sound, easy to install, chemical-resistant, and cost-effective. Due to their unique performance advantages, such as ease of handling and installation, long service life, and chemical resistance over other conventional materials; demand for PVDF in small- and medium-size diameter pipes are increasing at a significant rate.

Related Reports and Links

List of Key Players in the Polyvinylidene Fluoride (PVDF) Market

  • Arkema Group
  • Dyneon LLC (3M Company)
  • Kureha Corporation
  • Quadrant Group of Companies (Mitsubishi Chemical Corporation)
  • RTP Company
  • Saint-Gobain Performance Plastics (Compagnie de Saint-Gobain S.A.)
  • Shanghai 3F New Materials Co. Ltd
  • Shanghai Ofluorine Chemical Technology Co. Ltd
  • Solvay

*List Not Exhaustive

Mordor Intelligence has segmented the global Polyvinylidene Fluoride (PVDF) Market on the basis of application type, end-user industry, and geography: 

  • Application Type (Market Size & Forecast based on Revenue (USD million), 2016-2026)
    • Pipes and Fittings
    • Films and Sheets
    • Wires and Semiconductor Processing
    • Coatings
    • Membranes
    • Li-ion Batteries
    • Other Types
  • End-user Type (Market Size & Forecast based on Revenues (USD million), 2016-2026)
    • Oil and Gas
    • Electrical and Electronics
    • Chemical Processing
    • Automotive and Processing
    • Aerospace and Defense
    • Building and Construction
    • Other End-user Industries
  • Geography (Market Size & Forecast based on Volume (million liters), 2016-2026)
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • ASEAN Countries
      • Rest of Asia-Pacific
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • United Kingdom
      • Italy
      • France
      • Spain
      • Rest of Europe
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Middle-East and Africa
      • Saudi Arabia
      • South Africa
    • Rest of Middle-East and Africa

About Mordor Intelligence

Mordor Intelligence is a market intelligence and advisory firm. Our mission is to map complex business ecosystems across the globe to better predict butterfly effects. To date, we have partnered with 4000+ enterprises across 20 industries, to deliver precise data and actionable insights in over 6000 projects. Our domain-specific teams of research experts continuously track markets, enabling our clients to gain a competitive edge through high-quality market intelligence.

We offer fully tailored intelligence solutions to meet the unique business requirements of any organization. Our deep industry expertise coupled with cross-functional analyst teams ensures we can support the intelligence requirements of even the most specific of business problems.

Media Contact
Company Name: Mordor Intelligence Private Limited
Contact Person: Bhargav P
Email: Send Email
Phone: +1 617-765-2493
Address:5th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli
City: Hyderabad
State: Telangana 500008
Country: India
Website: https://www.mordorintelligence.com/industry-reports/polyvinylidene-fluoride-pvdf-market?utm_source=press-release&utm_medium=Outbound&utm_campaign=62721&utm_id=AB_Newswire&utm_content=PR1