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According to a new report, published by KBV research, The Global PVDF Resin Market size is expected to reach $3.3 billion by 2030, rising at a market growth of 7.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,06,299.37 Tonnes, experiencing a growth of 6.5% (2019-2022).
The compatibility of PVDF with 3D printing processes is gaining traction. This trend allows for creating customized, complex, and intricate parts. As 3D printing technologies evolve, the adoption of PVDF in additive manufacturing processes is expected to grow, enabling more efficient and flexible production methods. Integrating PVDF with smart materials and the Internet of Things (IoT) is an emerging trend.
The Beta segment would exhibit a CAGR of 7.6% during (2023 - 2030). PVDF resin is relatively easy to process using various methods, including injection molding, extrusion, and coating. This ease of processing enhances its versatility and allows it to produce complex components and materials. PVDF materials, whether in coatings, membranes, or molded parts, are known for their durability and longevity. This makes them suitable for long-term applications, contributing to reduced maintenance and replacement costs.
The Chemical Processing segment is generating the highest revenue in the Global PVDF Resin Market by End-user in 2022; thereby, achieving a market value of $957.8 million by 2030. PVDF components, such as impellers and pump housings, are employed in chemical processing pumps. The material’s resistance to chemical corrosion and wear contributes to the longevity and reliability of pump systems. Valve components made from PVDF resin are used in chemical processing applications. PVDF’s chemical resistance and stability contribute to the reliable operation of valves, controlling the flow of corrosive fluids. PVDF is utilized for manufacturing gaskets and seals in chemical processing equipment.
The Films & Sheets segment is experiencing a CAGR of 5.9% during (2023 - 2030). PVDF films produce membranes for water treatment applications, including ultrafiltration and water purification. The material’s chemical resistance and durability contribute to the efficiency of water treatment processes. PVDF films & sheets are used in the healthcare industry for manufacturing medical devices and components. The material’s biocompatibility and ease of processing make it suitable for medical tubing, membranes, and diagnostic devices.
Full Report: https://www.kbvresearch.com/pvdf-resin-market/
The Asia Pacific region dominated the Global PVDF Resin Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.5 billion by 2030. The North America region is anticipated to grow at a CAGR of 6.5% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 7.1% during (2023 - 2030).
By Type of Crystalline Phase
By End-user (Volume, Tonnes, USD Billion, 2019-2030)
By Application (Volume, Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Tonnes, USD Billion, 2019-2030)
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