[FURL=https://www.industryarc.com/Research/Pvdf-Membrane-Market-Research-500354?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]PVDF Membrane market[/FURL] size is forecast to reach US$997.3 million by 2026, after growing at a CAGR of 7.5% during 2021-2026. Polyvinylidene fluoride, also known as polyvinylidene difluoride (PVDF), is a special plastic material that belongs to the fluoropolymer family. PVDF membrane is used in chemical processing and other industrial facilities for various applications, such as water- and waste-treatment and membrane contact operations. PVDF membrane is used for nanofiltration and microfiltration applications. They are also used for acid gas absorption, stripping, and volatile organic compounds removal among others.Key Takeaways
The Asia Pacific is expected to register the highest CAGR of 8.5% during the forecast period (2021-2026). Rapid urbanization, emerging economies, and increasing construction activities are the major factors driving the market growth.
The filtration segment is expected to hold a major market share between the forecast period 2020-2026.
The growing use of PVDF membrane in microfiltration, venting applications, and medical accessories are the key factors driving the PVDF Membrane market during the forecast period.
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PVDF Membrane Market Segment Analysis - By Geography
Asia Pacific region held the largest share in the PVDF Membrane market in 2020, up to 35%, owing to the rapidly growing population, urbanization, and industrialization in the region. The presence of developing nations such as India and China is driving the market growth in the region. The presence of many end-use industries such as food & beverage, pharmaceutical, chemical processing, and electrical & electronics are also driving the market for PVDF membrane in Asia pacific region. Abundant raw material sources and availability of workforce also supporting the regional demand. According to the 2021 World Investment Report published by UNCTAD, FDI inflows into China increased by 6% in 2020, to USD 149 billion, up from USD 141 billion in 2019. Based on the facts published by the National Bureau of Statistics of China, the Chinese pharmaceutical and medicine manufacturing industry was valued at USD 399.65 billion in 2019. The Chinese pharmaceutical and medicine exports were valued at USD32.36 billion in 2019.
PVDF Membrane Market Drivers
Growing water treatment activities
PVDF Membrane Market Landscape
Major players in the PVDF Membrane market include BASF, Sika Carlisle Companies Inc, SOPREMA, Kemper System, Saint-Gobain, Firestone Building Products Company, Johns Manville, GCP Applied Technologies Inc., Standard Industries Inc, Carlisle Companies Inc., Other Companies
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