Dublin, Nov. 18, 2024 (GLOBE NEWSWIRE) -- The "PVDF and PVF Film Market - Global Industry Size, Share, Trends, Opportunity, & Forecast, 2019-2029F" report has been added to ResearchAndMarkets.com's offering.
The Global PVDF and PVF Film Market was valued at USD 704.52 million in 2023 and is anticipated to project steady growth in the forecast period with a CAGR of 4.25% through 2029, reaching USD 906.51 million.
The major factors driving the growth of the PVDF and PVF film market is the increasing demand for lightweight and durable materials in the manufacturing of automotive parts.
Apart from the automotive sector, PVDF and PVF films also play a crucial role in various other end-user industries, such as construction, electrical and electronics, and packaging. The construction industry benefits from the use of these films in applications like roofing membranes and protective coatings, while the electrical and electronics industry utilizes them for wire and cable insulation, as well as printed circuit boards. Additionally, PVDF and PVF films offer excellent barrier properties, making them suitable for packaging applications, including food packaging and pharmaceutical blister packs. The growing demand for these films in these industries further contributes to the overall growth of the market.
The significant factor driving the expansion of the PVDF and PVF film market is the increasing focus on sustainability and environmental protection. These films are not only known for their exceptional performance but also for their recyclability and biodegradability properties, making them environmentally friendly alternatives. With the rising awareness of environmental issues, many companies are increasingly adopting PVDF and PVF films in their manufacturing processes to reduce their environmental impact and meet the growing demand for sustainable products.
Geographically, Asia-Pacific is expected to dominate the PVDF and PVF film market in the coming years. Emerging economies such as China and India are witnessing rapid industrialization and urbanization, leading to increased demand for PVDF and PVF films across various industries. The automotive, construction, and electronics sectors in these countries are experiencing substantial growth, driving the demand for these films.
The global PVDF and PVF film market is experiencing significant growth due to the increasing demand from various end-user industries, particularly the automotive industry. The excellent properties and sustainable nature of these films make them highly sought after. Companies operating in this market are investing heavily in research and development to develop new and innovative products that cater to the evolving demands of their customers, further propelling the growth of the market.
Key Players Profiled in the PVDF and PVF Film Market
- Solvay SA
- Arkema SA
- KUREHA CORPORATION
- Shanghai HIUV New Materials Co. Ltd.
- Welch Fluorocarbon Inc
- DuPont de Nemours, Inc.
- SINOCHEM LANTIAN CO. LTD.
- Polyflon Technology Limited
- NEW MICROPORE, INC.
Report Scope
In this report, the Global PVDF and PVF Film Market has been segmented into the following categories:
PVDF and PVF Film Market, By Type:
- PVDF
- PVF
PVDF and PVF Film Market, By Application:
- Building & Construction
- Automotive
- Electronics
- Renewable Energy
- Water Treatment
- Others
PVDF and PVF Film Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
Key Market Drivers
- Growing Demand of PVDF and PVF Film from Automotive Industry
- Growing Demand of PVDF and PVF Film from Construction Industry
Key Market Challenges
- Volatility in Price of Raw Materials
Key Market Trends
- Rising Demand of PVDF and PVF Film in the Chemical Processing Industry
Segmental Insights
- Type Insights
- Regional Insights
Key Attributes
| Report Attribute | Details |
| No. of Pages | 180 |
| Forecast Period | 2023-2029 |
| Estimated Market Value (USD) in 2023 | $704.52 Million |
| Forecasted Market Value (USD) by 2029 | $906.51 Million |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/ei90r0
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