(MENAFN- America News Hour) Research Nester published a report titled “Renewable PVDF Market : Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalrenewable PVDF market in terms of market segmentation by product type, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global renewable PVDF market is estimated to occupy a sizeable amount of revenue by growing at a CAGR of ~9% during the forecast period, i.e., 2022 – 2030, owing to the rising production of electric vehicles worldwide, and growing demand for lithium-ion batteries in automotive applications. Apart from these, stringent regulations associated with conventional crude oil derived polymers are also expected to drive market growth in the coming years.
The market is segmented by product type and end user. Based on product type, the tube segment is anticipated to grab the largest market share during the forecast period on the back of the cost-effectiveness, ease of installation and superior chemical resistance of the product. Additionally, by end user, the aerospace and defense segment is projected to hold the largest share over the forecast period attributing to the fact that various airplane parts require weather resistant coatings.
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Geographically, the global renewable PVDF market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab the largest share in the market during the forecast period attributing to the rise in development of innovative products in the region. Moreover, the market in Asia Pacific is assessed to grow by the highest rate in the future owing to the high demand for consumer electronics in countries such as China and India.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Increasing Production of Electric Vehicles Worldwide to Drive Market Growth
The increasing demand for the reduction of carbon emissions and developing advanced fast charging stations is paving the way for the surge in adoption of electric vehicles across the world. This is also leading to the increase in volumes of production of electric vehicles, which in turn is predicted to drive market growth in the near future.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, fluctuating raw material prices is expected to operate as key restraint to the growth of the global renewable PVDF market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global renewable PVDF market which includes company profiling of 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 others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global renewable PVDF market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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