PVDF Pipes Market - Forecast(2024 - 2030)

PVDF Pipes Market Overview

The PVDF pipes market size is expected to reach USD 2.4 billion by 2027, growing at a CAGR of around 4.0% from 2022 to 2027. Polyvinylidene fluoride (PVDF) is a polymer that is made from free-radical suspension or the emulsion polymerization process. The perfluorononanoic acid is used in the anion form by solubilizing monomers in the processing. PVDF pipes offer high durability, chemical, thermal, mechanical, and corrosion resistance properties compared to other plastic options, thus making it a suitable choice for applications in various industries such as chemicals, oil & gas which uses hydraulic power packs for offshore, construction, water treatment, and others. The PVFD pipes industry is estimated to grow due to its rising demand in chemical processing, treatment of water, oil and gas transportation, and others. Thus, owing to its excellent properties and high growth prospects among major end-use industries, the PVDF pipes market will be driven in the forecast period.

COVID-19 Impact

The PVDF pipes market was negatively affected by the COVID-19 outbreak. The imposed lockdown has led to production halts and disturbed supply chains in various end-use industries. The PVDF pipe is majorly used in chemicals processing and industrial applications such as bromine transportation, chlorinated salts, hydrochloric acid, methyl alcohol, and others, owing to its high chemical resistance. Many chemical manufacturing units have reduced their operations due to labor shortages, lockdown restrictions, slashing oil prices, and others. According to the National Bureau of Statistics of China, chemical manufacturing in China saw a fall by approx. 20%, whereas the profits were declined by 65%. Thus, applications for PVDF pipes are declining due to temporary halt, chemical production restrictions, and disrupted global supply chains during a pandemic, thereby leading to a fall in demand for the PVDF pipes market. The oil & gas sector is also impacted by the covid-19 outbreak. The PVDF pipes are used in offshore oil & gas production and drilling. The pipeline and drilling projects were delayed and gas consumption saw a major fall due to lockdown and supply chain disturbance, resulting in the shutdown in offshore pipeline projects as well. Thus, the pipes applications in the oil and gas industry were adversely affected and led to low demand for piping and other activities. According to International Energy Agency (IEA), a 7-10% decline in demand for oil & gas was estimated in 2020, with a massive drop of 9.3 million barrels in a day. Thus, due to halted productions and declining demand in major industries, the global demand and growth for the PVDF pipes market were negatively impacted during Covid-19.

Report Coverage

The PVDF pipe market report: “PVDF Pipes Market– Forecast (2022-2027)” by IndustryARC covers an in-depth analysis of the following segments of the PVDF pipe market.

By Size : 4-12 inch, 12-24 inch, 24-48 inch, 48-60 inch, 60-120 inch, and others
By Type: Lined PVDF pipe, clad PVDF pipe, and other
By Application: Water Treatment, Pipes and Fittings, Chemical processing, Food Transport, and others
By End-Use Industry: Chemical Industry, Oil and Gas Industry, Food Industry, Construction Industry, Healthcare Industry, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)

Key Takeaways

• The increasing demand for PVDF pipe for applications such as chemical processing, oil transportation, food transportation, and others led to significant growth in the PVDF pipe market size. It is due to excellent properties such as chemical resistance, high strength, heat resistance, and others.
• The Asia Pacific holds a major share in the PVDF pipe market due to the rise in demand for various industrial applications, piping systems, chemical processing, and others due to boosting PVDF pipe manufacturers in China, India, and Japan.
• The rising trend for wastewater treatment will drive the PVDF pipes industry in the coming years, due to the increasing application of piping and fittings in various water management and industrial projects.

Figure: PVDF pipe Market Revenue, 2021-2027 (US$ Billion)

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PVDF Pipe Market Segment Analysis – By Size

By size, the 48-60 inch segment is expected to have the largest share of more than 30% in 2021 and is expected to dominate the PVDF pipe market in the coming years. The PVDF lined pipes of 48-60 inch size are used in various end-use industries, owing to its excellent combination of corrosion resistance, high heat application, chemical resistance, and others. The chemical processing industry makes high use of 48-60 inch pipes for processing, transportation, and handling of various chemicals owing to non-reactivity, chemical resistance, and low permeation. These pipes prevent chemical leakage by forming a strong airtight seal, thereby making it the most preferred option for transporting hazardous chemicals and fluids among top manufacturers. Thus, with rising pipe application and demand in the chemical industry for chemical handling and processing, the 48-60 inch PVDF pipe size will hold a major growth share and demand from various chemical processing units in the forecast period.

PVDF Pipe Market Segment Analysis – By Type

By type, the lined PVDF pipes segment is expected to have a major growing share of over 60% in 2021 and is expected to boost the PVDF pipe market share in the coming years. The lined polyvinylidene fluoride pipes have major applications in various end-use industries. The chemical industry makes major use of the lined pipes as it provides management of corrosive fluids by offering a high chemical resistance, good hydraulic power, abrasion resistance, and low permeation to various reactive chemicals and temperatures. The PVDF-lined pipes are specially made to deal with corrosion and high temperature, thereby making them a suitable option in the chemical industry. Furthermore, increasing the application of lined pipes in the chemical processing and transportation sector will boost the growth of global lined PVDF pipes owing to increased sales and demand in the forecast period.

PVDF Pipe Market Segment Analysis – By Application

By application, the chemical processing segment is expected to have a growing share of over 40% in 2021 and is expected to boost the PVDF pipe industry size in the coming years. The PVDF pipes are majorly used in the chemical industry for transferring chemicals from one place to another. The excellent properties such as high durability, non-reactive to chemicals, and pressure ratings make it suitable to carry any corrosive liquid or chemical. According to the International Council of Chemical Associations, the chemical industry contributes approx. USD 5.7 trillion to the global gross domestic product. The polyvinylidene fluoride pipes are best used in chemical transportation as it prevents the chemical from entering into other pipelines. Furthermore, under the union budget of India, the government has allocated INR 233.14 crore to the Department of Chemicals and Petrochemicals. Thus, owing to increasing development in chemicals and petrochemicals, the PVDF pipes will be majorly used for chemical transportation, processing, and handling, thereby creating a major growth prospect in the forecast period.

PVDF Pipe Market Segment Analysis- By End-Use Industry

By end-use industry, the chemical industry segment is expected to have the largest share of more than 35% in 2021 and is expected to grow the PVDF pipe market in the forecast period. The PVDF pipes have major applications in the chemical industry such as chemical handling, processing, transportation, and others. The excellent properties such as thermal stability, low absorption, and chemical resistance from harsh acids, oxidants, solvents, salts, and others. According to the International Council of Chemical Associations (ICCA), China is the eighth largest nation for chemical importing and the twelfth largest for chemicals exporting. The access to economical and abundant feedstock is boosting the chemicals industry, thereby leading to major PVDF pipe applications for transportation, processing, and others. According to India Brand Equity Foundation (IBEF), the chemical sector in India is expected to reach USD 300 billion by 2025, with a growth of 20%. Thus, the demand for PVDF pipes will boost in the chemical industry, owing to high growth share and dominance and excellent chemical resistance, low flammability, high temperature ranges, and non-reactive properties.

PVDF Pipe Market Segment Analysis – By Geography

By geographical analysis, the Asia pacific holds the largest share of more than 45% in the PVDF pipe market for the year 2021. The increasing application of PVDF pipes for water treatment, piping, chemical process, construction, oil and gas, and others has led to major growth in the Asia Pacific region. Many manufacturers such as SINOPEC, CNCP, and others have expanded the chemical processing sites in China, thereby leading to major growth in the application of PVDF pipes for chemical processing, handling, and others. Furthermore, with rising investment and development projects in oil & gas in major nations such as India, the PVDF lined pipes are gaining huge market traction. According to International Energy Agency (IEA), the consumption of natural gas in India is estimated to grow by more than 25 billion cubic meters, denoting an annual average growth of 9% till 2024. The polyvinylidene fluoride-coated pipes offer no contamination during transportation, zero absorption of water, and low thermal conductivity, thereby creating a major application dominance in comparison to the other pipe options. Thus, with the rising application for water treatment, oil and gas, chemical transportation, and others, the PVDF pipes market will see high growth in the Asia Pacific during the forecast period.

PVDF Pipe Market– Drivers

Increasing Demand from Chemicals and Oil and Gas sector

The increasing use of PVDF pipe for transporting fluids or gas in boost the market in chemical processing and oil & gas has led to a major drive in the PVDF pipes market. The demand for thermoplastic plastics has increased majorly in the Asia Pacific region. Various polyvinylidene fluoride manufacturers are establishing their production units in India. The low density, light weight, chemical, and corrosion resistance properties are boosting the application of PVDF pipes in water treatment, construction that uses porta power jack for lifting, chemical processing, offshore, and others. For instance, Solvay introduced a new PVDF technology to improve the capabilities of the steel pipes, flexible risers, and flow lines, which are majorly used in oil and gas recovery. The Indian Oil Corporation (IOCL) also announced to invest INR 3681 crore for setting up India's first mega scale unit for manufacturing specialty chemicals in Haryana. The PVFD pipes are increasingly used in processing and transportation, owing to their chemical resistance, corrosion resistance, durability, and non-reactive properties. Thus, the growing application in oil and gas, chemicals, and others will boost the demand for PVDF pipes, owing to their high chemical resistance, corrosion resistance, high strength, and durability compared to other pipe material options.

Increasing wastewater treatment and management will drive the PVDF pipe market in the forecast period

The market for PVDF pipe is growing owing to its high corrosion resistance, durability, and chemical inertness. The PVDF is an excellent option for protecting the steel pipe from chloride stress cracking and other corrosive conditions. The increasing emphasis on wastewater treatment and management from the government and various industries will drive the PVDF pipes industry. The PVDF pipes are used for transporting the wastewater from industries or buildings to the treatment plant. The non-reactive and durable properties make it a suitable option for such water treatment applications. According to Congressional Budget Office (CBO), the government of the U.S spent approx. USD 18 billion on wastewater management in 2018. Furthermore, water consumption near industrial areas and the requirement for safety is also boosting the need for proper pipelines and wastewater pipes. Thus, the PVDF pipes market will have major demand in water treatment such as transportation, drainage, and maintenance, owing to huge investments and developments for the wastewater and water treatment plants.

PVDF Pipe Market– Challenges

Increasing raw material prices can be a challenge to the PVDF pipe market.

The rising application and demand for PVDF in various end-use industries have led to high raw material prices for the PVDF. The R142b is a major raw material used for the production of PVDF. The PVDF is synthesized from the R142b by removal of hydrogen chloride. The ex-factory price of R14b has increased from USD 2435.32/ton to USD 5970.48/ ton, and some foreign orders have even reached USD 6599/ton in 2020. The increased use of PVDF for lithium, coatings, and others has resulted in a high rise in the overall raw material used for polyvinylidene fluoride products. Furthermore, the tight supply and insufficient production demand can turn out to be a major challenge for the PVDF pipes market as well.

PVDF Pipes Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies that are adopted by the dominant players in this market. PVDF Pipes top 10 companies include:

1. SABIC
2. Arkema Group
3. Solvay
4. Kureha Corporation
5. Shanghai 3F New Materials Co. Ltd
6. Saint-Gobain Performance Plastics
7. Arconi
8. Fluoro Pacific
9. BUENO Technology
10. TAK Manufacturing

Recent Developments

• In May 2021, Arkema, Penn, Canadas Polymer Engineering Company, and others joined to achieve the capability of PVDF with various rubber types. This will lead to a better PVDF pipes industry outlook by offering specialized expertise in the polymer technology field.
• In June 2020, Saudi Aramco acquired a 70% stake of Saudi Basic Industries Corporation (SABIC) through Aramco Chemicals, one of its subsidiaries, from the Government of the Kingdom of Saudi Arabia (KSA) through the public investment fund. 

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