The North America PVDF Resin Market would witness market growth of 6.5% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 21,211.53 Tonnes, showcasing a growth of 5.9% (2019-2022).
PVDF resin is a multipurpose polymer distinguished by its high thermal stability, chemical resistance, mechanical excellence, and distinctive electrical properties. It is utilized in various applications, including actuators, sensors, electrical insulation, wire and cable insulation, and equipment used in chemical processing. In addition, it is powdered and utilized to create additives and solutions. It exhibits high chemical resistance to acids such as iodine, bromine, and chlorine at high temperatures.
PVDF resin has found widespread adoption in the chemical and petrochemical sectors, where its exceptional chemical resistance is a key advantage. The material is used to manufacture pipes, valves, and fittings for conveying corrosive chemicals, acids, and solvents. As industries prioritize the safety and durability of their equipment in harsh chemical environments, the adoption of this has become integral to maintaining operational efficiency.
The emerging field of printed electronics utilizes this for its compatibility with printing processes in Canada. This includes applications such as flexible electronics and printed sensors, contributing to advancements in electronic manufacturing in Canada. With Canada’s expansion of the electric vehicle industry, this is used in various electronic components within EVs. Hence, the factors mentioned above will drive the regional market growth.
The US market dominated the North America PVDF Resin Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $553.3 million by 2030. The Canada market is experiencing a CAGR of 8.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7.9% during (2023 - 2030).
Free Valuable Insights: The PVDF Resin Market is Predict to reach $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 U.S., Mexico, Canada, and Rest of North America.
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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