In the Asian region, Polyvinylidene Fluoride (PVDF) witnessed a monthly decrease of almost 4% towards the end of the third quarter of 2024. In the producing country, the cost support was eased on production costs of Polyvinylidene Fluoride (PVDF) feedstock difluoro ethylene amid fluctuation and decline in upstream Ethylene prices during the month. The ease in Crude Oil prices due to the end of disputes in Libya and the resumed exports of Crude Oil from the country resulted in increased refinery operations and a decrease in upstream Ethylene costs. Consequently, the Polyvinylidene Fluoride (PVDF) production and supply rates improved in the Asian region.

However, the demand for Polyvinylidene Fluoride (PVDF) was sluggish in the construction sector. Demand for construction materials currently experiences a slump due to delays in the approval and disbursement of the fiscal budget. This situation hampers progress on megaprojects and general work on public utilities and infrastructure nationwide. Concurrently, private sector residential and commercial developments face challenges from limited growth in purchasing power, rising living costs, and high interest rates. As a result, the total market for construction materials contracts is between -2.0% and -3.0% this year. As a result, Polyvinylidene Fluoride (PVDF) offtakes were sluggish in the regional market, and inventory levels rose in Asia.

According to the ChemAnalyst data sources, the Polyvinylidene Fluoride (PVDF) CFR JNPT prices in India witnessed 10595.09 USD/MT at the end of the third quarter of 2024.

As per the estimation, the Polyvinylidene Fluoride (PVDF) prices would increase in the Asian market with the beginning of the final quarter of 2024. The demand for Polyvinylidene Fluoride (PVDF) from the semiconductor industry for semiconductor purity and resistance to harsh chemicals will surge in the Asian region, especially India. India’s Prime Minister Narendra Modi announced a significant push for India to become a global leader in semiconductor production, with strong interest from global companies to invest in the sector. He emphasized the importance of state governments competing to attract these investments by creating conducive policies for governance and law enforcement. The Indian government has approved the establishment of three semiconductor plants—two in Gujarat and one in Assam—with a total investment of around INR 1.26 lakh crore, aimed at enhancing India's standing in the global semiconductor market. Modi also mentioned efforts to reduce dependency on semiconductor imports and highlighted the rapid rollout of 5G technology, with ongoing work towards 6G. These initiatives reflect India's ambitions to strengthen its manufacturing capabilities and technological advancements in the semiconductor industry. At the same time, the production costs of Polyvinylidene Fluoride (PVDF) would increase due to the rise in difluoro ethylene prices because of the limited availability of petrochemicals and upstream Ethylene in the region, especially during the wintertime in the Northern Hemisphere. The manufacturing and transportation activities usually decline during the winter months.  Simultaneously, the escalation in energy costs would raise the variable operating costs at manufacturing units and add value to the final production costs of Polyvinylidene Fluoride (PVDF).