Europe polyvinylidene fluoride (PVDF) market is projected to grow at a modest CAGR of 6.3% during the forecast period (2021-2027). The key aspect that drives the growth of the market includes the rapidly evolving transportation sector in the region. Europe is home to various major automotive companies and represents a significant share in the automotive industry which has significantly contributed to the market growth. The major automotive players have their headquarters in Europe including Volkswagen, Daimler, BMW, Robert Bosch, Peugeot, Renault, Volvo, Continental AG, among others. These companies are using PVDF coatings for various automotive applications, thereby contributing to the market growth.
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Europe polyvinylidene fluoride (PVDF) market is segmented on the basis of applications and end-user industry. Based on the applications, the market is segmented as films and sheets, coatings, pipes and fittings, wires and semiconductor processing, li-ion batteries, and others. The coatings segment of the market are projected to hold the most lucrative share in the Europe polyvinylidene fluoride (PVDF) market. Based on the end-user industry, the market is segmented as electrical and electronics, oil and gas, chemical, transportation, building and construction, and others. The transportation segment of the market is estimated to hold a lucrative share in the market.
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Europe Polyvinylidene fluoride (PVDF) Market Segmentation
By Applications
· Films and Sheets
· Coatings
· Pipes and Fittings
· Wires and Semiconductor Processing
· Li-ion Batteries
· Others
By End-User Industry
· Electrical and Electronics
· Oil and Gas
· Chemical
· Transportation
· Building and Construction
· Other End-user Industries
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
