The Europe PVDF Resin Market would witness market growth of 7.1% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 12,690.37 Tonnes, showcasing a growth of 6.3% (2019-2022).
The electronics industry has emerged as a major consumer of PVDF resin, particularly in producing lithium-ion batteries. PVDF is a key component in battery separators, contributing to improved battery performance, safety, and lifespan. With the increasing demand for electric vehicles, portable electronic devices, and renewable energy storage solutions, the adoption of PVDF in the electronics sector is expected to continue growing.
In construction and architecture, PVDF-coated materials have gained popularity for their weather resistance, UV stability, and aesthetic appeal. These materials are used in roofing, cladding, and facades, contributing to structures’ longevity and visual appeal. As the construction industry emphasizes durability and sustainability, the adoption of PVDF coatings is expected to remain strong. PVDF resin has applications in the healthcare industry, particularly manufacturing medical devices and equipment.
According to the UK Government, with its highly linked supply chains and substantial demand for UK-built cars throughout the region, the European region has benefited the U.K. automotive sector with its varied products, encompassing volume, premium, and niche vehicles. This is crucial in developing innovative fuel handling systems in the UK’s automotive sector. Thus, all these factors will uplift the regional market’s expansion in the coming years.
The Germany market dominated the Europe PVDF Resin Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $160.1 million by 2030. The UK market is exhibiting a CAGR of 6.1% during (2023 - 2030). Additionally, The France market would experience a CAGR of 7.8% during (2023 - 2030).
Free Valuable Insights: The Global PVDF Resin Market will Hit $3.3 Billion by 2030, at a CAGR of 7.3%
Based on Type of Crystalline Phase, the market is segmented into Alpha, Beta, Gamma, and Delta. Based on End-user, the market is segmented into Chemical Processing, Building & Construction, Electrical & Electronics, Oil & Gas, Automotive, and Others. Based on Application, the market is segmented into Li-ion Batteries, Films & Sheets, Pipes & Fittings, Coatings, Membranes, Wire & Cable, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Type of Crystalline Phase
By End-user (Volume, Tonnes, USD Billion, 2019-2030)
By Application (Volume, Tonnes, USD Billion, 2019-2030)
By Country (Volume, Tonnes, USD Billion, 2019-2030)
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