Oil and Gas Offshore Exploration Boosting the Polyvinylidene Fluoride (PVDF) Market Growth – Exclusive Report by Mordor Intelligence
By: AB Newswire
October 21, 2021 at 19:38 PM EDT
Mordor IntelligenceAsia-Pacific dominated the global polyvinylidene fluoride (PVDF) market with the majority of the consumption coming from China, ASEAN Countries, and Japan, among others.
Polyvinylidene Fluoride (PVDF) Market Overview
The market for Polyvinylidene Fluoride (PVDF) is anticipated to register a CAGR of around 5% during the forecast period. The factors driving the PVDF market growth are desirable properties of PVDF in comparison to other fluoropolymers, increasing demand for PVDF-based materials from the military and aerospace sector, and increasing demand for PVDF resins as a binder in lithium-ion battery manufacturing. PVDF pipes have high mechanical strength and dielectric properties, which makes them an ideal material for chemical processing and the oil and gas industry. The major increase in oil and gas offshore exploration and production activities can be mainly noticed majorly in Asia-Pacific and North America.
Download free sample here – Polyvinylidene Fluoride (PVDF) Market
Polyvinylidene Fluoride (PVDF) Market - Geographical Overview
The Asia-Pacific region to dominate the polyvinylidene fluoride (PVDF) market
According to China National Petroleum Corp. (CNPC), the gas consumption in China is expected to surge to around 600 BCM by 2040. In order to meet the growing gas demand, the country is planning to double its gas production to 325 BCM by 2040. With such future plans, the country is likely to witness numerous pipeline construction projects over the long run. There are numerous chemical plants lined up for construction within the period of next five years in the country. For instance, in November 2019, BASF started construction of its USD 10 billion integrated petrochemicals project, located in the southern province of Guangdong in China. Hence, all such oil and gas projects and chemical plants lined for development are likely to significantly add to the demand for PVDF for pipes, chemical equipment and storage tanks, and other applications in the country over the forecast period.
Check our other latest reports on –
Key Highlights of the Polyvinylidene Fluoride (PVDF) Market
Related Reports and Links
List of Key Players in the Polyvinylidene Fluoride (PVDF) Market
*List Not Exhaustive
Mordor Intelligence has segmented the global Polyvinylidene Fluoride (PVDF) Market on the basis of application type, end-user industry, and geography:
About Mordor Intelligence
Mordor Intelligence is a market intelligence and advisory firm. Our mission is to map complex business ecosystems across the globe to better predict butterfly effects. To date, we have partnered with 4000+ enterprises across 20 industries, to deliver precise data and actionable insights in over 6000 projects. Our domain-specific teams of research experts continuously track markets, enabling our clients to gain a competitive edge through high-quality market intelligence.
We offer fully tailored intelligence solutions to meet the unique business requirements of any organization. Our deep industry expertise coupled with cross-functional analyst teams ensures we can support the intelligence requirements of even the most specific of business problems.