Solvay reinforced its leadership in the lithium-ion battery market by more than doubling the production capacity of high-performance polymer SOLEF PVDF at its production site in the city of Changhsu in China.
Arkema S.A. has launched its new sustainable Kynar PVDF range. These new grades will claim 100% renewable and sustainable.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 3488
Published Date: May 01, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major factors driving market growth are the growing production of electric vehicles around the world and the rising demand for lithium-ion batteries in automotive applications.
The market size of renewable PVDF is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2023-2035.
Fluctuating prices of raw materials to make renewable PVDF along with the long production cycles are some of the factors that are estimated to be the growth hindering factors for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are Solvay SA, Daikin Industries Ltd., Kureha Corporation, 3M Company, Dyneon GmbH, Shanghai Oflourine Chemical Technology Co. Ltd., Quadrant Engineering Plastics Products Inc., Zhuzhou Hongda Polymer Materials Co. Ltd., Arkema S.A., Saudi Basic Industries Corporation, and other key players.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by product type, end user, and by region.
The tube segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.