The Polyvinylidene Fluoride Market is estimated to be valued at US$ 1338.27 Mn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Polyvinylidene fluoride (PVDF) is a highly non-reactive thermoplastic fluoropolymer. It is known for its chemical inertness, thermal stability, radiation resistance, and weatherability. PVDF finds applications as linings and coatings for reactors, digesters, tanks, valves, and pipes. It is also used as a membrane in battery separators and water desalination.
Market Dynamics:
The growing usage of PVDF in the healthcare industry is expected to drive the market growth over the forecast period. PVDF is used in medical devices such as blood bags, intravenous solution bags, piping for diagnostic ultrasound probes, and biomaterial coatings. Its non-reactive and thermally stable properties make it suitable for such applications. Additionally, PVDF is increasingly being used in lithium-ion batteries, especially in lithium-ion battery separators. Its lightweight and high porosity make the membrane strong yet porous. This allows only lithium-ion to pass through while blocking metal dendrites, thus increasing the battery life. The rising demand for lithium-ion batteries from electric vehicles and energy storage systems is further expected to boost the demand for PVDF over the forecast period.
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