USD 68.4 billion
Polyvinylidene Fluoride market Size, Share, and Growth Analysis
Polyvinylidene Fluoride Market By Product (Powder, Pellet), By Type (Photopolymer, Copolymer), By End user (Chemical Processing, Oil and Gas), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG10E2013 |
Region:
Global |
Published Date: January, 2025
Pages:
157
|Tables:
92
|Figures:
76
Format -
Polyvinylidene Fluoride market Insights
Global Polyvinylidene Fluoride Market size was valued at USD 68.4 billion in 2023 and is poised to grow from USD 83.52 billion in 2024 to USD 412.57 billion by 2032, growing at a CAGR of 22.1% during the forecast period (2025-2032).
The growing demand for PVDF in aerospace and defense applications, such as aircraft components, fuel and hydraulic lines, and coatings, is driving market growth. PVDF's exceptional mechanical properties, chemical resistance, and flame-retardant characteristics make it a preferred material in these industries. PVDF's excellent dielectric properties and high-performance capabilities make it a sought-after material for electrical and electronics applications, including wires, cables, capacitors, and sensors. The expanding electronics industry is a key driver of the PVDF market. The increasing need for efficient water treatment solutions, such as membranes for filtration and separation, is boosting the demand for PVDF. Its chemical resistance and thermal stability make it ideal for use in water treatment systems. Also the rapid growth of the solar energy sector is driving the demand for PVDF in photovoltaic modules. PVDF's weather ability, UV resistance, and electrical properties contribute to the enhanced performance and durability of solar panels. The PVDF's biocompatibility, sterilizability, and resistance to chemicals and radiation make it suitable for various healthcare and biomedical applications, including medical devices, implants, and drug delivery systems. Again the technological advancements in the production of PVDF, such as innovative polymerization methods and processing techniques, are improving material performance and expanding its application scope.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Powder
Fastest Growth
Powder
Growth Rate
22.1% CAGR
Polyvinylidene Fluoride (PVDF) Market
Country Share for Asia Pacific Region (%)
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Polyvinylidene Fluoride market Segments Analysis
Global Polyvinylidene Fluoride Market is segmented by Product, Type, End user and region. Based on Product, the market is segmented into Powder, Pellet and Latex. Based on Type, the market is segmented into Photopolymer and Copolymer. Based on End user, the market is segmented into Chemical Processing, Oil and Gas, Electrical and Electronics, Solar, Automotive and Building and Construction. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Product
The Polyvinylidene Fluoride (PVDF) market can be segmented based on product type, which includes pellets, powder, latex emulsions, and films. Among these segments, the powder segment holds the majority share in the PVDF market. The powder segment of the PVDF market refers to PVDF in its powdered form. This fine powder is produced through a specific manufacturing process and possesses unique properties that make it suitable for various applications. The powder form of PVDF is widely used in different processing techniques such as injection molding and extrusion. One of the key applications of PVDF powder is in coatings. PVDF coatings are known for their exceptional durability, weather resistance, and chemical resistance. They are used to protect various surfaces, including metals, from corrosion, UV radiation, and harsh environmental conditions. PVDF powder provides excellent adhesion and film formation properties, making it a preferred choice for coating applications in industries such as automotive, architectural, and aerospace. In addition to coatings, PVDF powder is also utilized in the production of films. PVDF films offer high dielectric strength, excellent thermal stability, and outstanding electrical insulation properties. These characteristics make PVDF films suitable for applications in the electrical and electronics industry, including capacitors, cables, and printed circuit boards.
Analysis By Type
The Polyvinylidene Fluoride (PVDF) market is segmented based on type, which includes α phases, β phases, γ phases, δ phases, and ε phases. Among these segments, the β phase's segment held the majority share of the PVDF market revenue in 2022. The β phase's segment refers to a specific type of PVDF polymer known as β phase PVDF. This phase is characterized by its high crystallinity, which imparts superior mechanical properties to the material. β phase PVDF exhibits excellent tensile strength, toughness, and resistance to wear and tear, making it highly suitable for demanding applications. One of the key applications of β phase PVDF is in coatings. PVDF coatings based on the β phase polymer offer exceptional durability, weather resistance, and chemical resistance. These coatings provide effective protection against corrosion, UV radiation, and harsh environmental conditions. They find extensive use in industries such as automotive, architectural, and aerospace, where high-performance coatings are required. In addition to coatings, β phase PVDF is widely used in the production of films. PVDF films based on the β phase polymer possess excellent mechanical strength, thermal stability, and electrical insulation properties.
These films find applications in the electrical and electronics industry, including capacitors, cables, and printed circuit boards, where reliable and high-performance materials are crucial. Furthermore, β phase PVDF is employed in the manufacturing of pipes. PVDF pipes based on the β phase polymer exhibit excellent chemical resistance, temperature resistance, and mechanical strength. They are used in various industrial applications, including chemical processing, oil and gas, and water treatment, where resistance to corrosive substances and reliability are essential.
Polyvinylidene Fluoride (PVDF) Market by Product
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Polyvinylidene Fluoride market Regional Insights
The study provides market insights into the Polyvinylidene Fluoride (PVDF) market across regions including North America, Europe, Asia-Pacific, and the Rest of the World. Currently, the Asia-Pacific region dominates the PVDF market in terms of both production and consumption. The properties of PVDF, such as high chemical resistance, thermal stability, and UV resistance, make it an attractive material for various applications in industries such as chemical processing, aerospace, and construction. The growing demand for these applications is also driving the growth of the PVDF market. Overall, the rising demand for PVDF in lithium-ion batteries, as well as in other applications, is expected to continue to drive the growth of the PVDF market in the coming years. Moreover, the presence of leading PVDF manufacturers like Arkema, Solvay, and Daikin Industries, which have established strong distribution networks, further supports the growth of the PVDF market in the region. Europe's PVDF market holds the third-largest market share globally.
The demand for PVDF in Europe is driven by factors such as the increasing adoption of renewable energy technologies, including solar panels and wind turbines, which require high-performance materials like PVDF for their construction. The region's well-established chemical processing and automotive industries also contribute to the demand for PVDF. Additionally, Europe's focus on sustainability and stringent environmental regulations create opportunities for PVDF applications in water treatment and filtration systems. Germany is the largest PVDF market in Europe, while the UK demonstrates the fastest-growing market in the region. North America's PVDF market is expected to witness the fastest compound annual growth rate (CAGR) from 2023 to 2030. This growth is driven by the increasing demand for high-performance materials in industries such as aerospace, automotive, and healthcare. The use of PVDF in lithium-ion batteries and the rising demand for water treatment systems also contribute to the growth of the PVDF market in North America. The region's well-established manufacturing infrastructure and favorable regulatory environment further support market growth. The United States holds the largest market share in the North American PVDF market, with Canada exhibiting the fastest-growing market.
Polyvinylidene Fluoride (PVDF) Market By Geography
- Largest
- Fastest
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Polyvinylidene Fluoride market Dynamics
Drivers
Rising Demand for PVDF in Lithium-ion Batteries to Boost Growth
- Polyvinylidene fluoride (PVDF) is a high-performance polymer that is used in a variety of applications, including coatings, membranes, and lithium-ion batteries. The rising demand for PVDF in lithium-ion batteries is one of the key drivers of growth in the PVDF market. Lithium-ion batteries are widely used in portable electronic devices, electric vehicles, and energy storage systems due to their high energy density, long cycle life, and low self-discharge rate. PVDF is an essential component in the manufacturing of lithium-ion battery electrodes as it acts as a binder and a conductive additive, improving the performance and stability of the battery. The increasing demand for electric vehicles and renewable energy systems is driving the growth of the lithium-ion battery market, which in turn is driving the demand for PVDF. In addition, PVDF is also used in other applications such as coatings, membranes, and wire insulation, which further contribute to the growth of the PVDF market.
- The properties of PVDF, such as high chemical resistance, thermal stability, and UV resistance, make it an attractive material for various applications in industries such as chemical processing, aerospace, and construction. The growing demand for these applications is also driving the growth of the PVDF market. Overall, the rising demand for PVDF in lithium-ion batteries, as well as in other applications, is expected to continue to drive the growth of the PVDF market in the coming years. Therefore, such factors related to Polyvinylidene Fluoride (PVDF) have enhanced the Polyvinylidene Fluoride (PVDF) market CAGR across the globe in recent years.
Restraints
Fluctuations in Prices of Raw Materials
- The fluctuation in raw material prices is a significant concern for the PVDF membrane market. The prices of raw materials used in the production of PVDF membranes, such as vinylidene fluoride monomer, can experience volatility due to various factors like supply-demand dynamics, geopolitical events, and market conditions. These price fluctuations affect the overall production cost and profitability of PVDF membrane manufacturers.
High Expense of Production and Maintenance
- The high expense of production and maintenance is another challenge faced by the PVDF membrane market. The production of PVDF membranes involves complex manufacturing processes and requires specialized equipment and facilities, which can be costly to establish and maintain. The high production and maintenance costs can impact the affordability and pricing of PVDF membranes, limiting their adoption in certain applications.
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Polyvinylidene Fluoride market Competitive Landscape
The Polyvinylidene Fluoride (PVDF) Market is fairly consolidated in nature, with the top five companies occupying 77.03% of shares. The major players in this market include Arkema, Dongyue Group, KUREHA CORPORATION, Sinochem and Solvay. The competitive landscape of the Polyvinylidene Fluoride (PVDF) market is characterized by the presence of several key players and companies striving to gain a competitive edge. These companies engage in various strategies such as product innovations, expansions, partnerships, mergers, and acquisitions to strengthen their market position and capture a larger share of the growing PVDF market. Some of the major players in the PVDF market include Arkema SA, Solvay SA, Kureha Corporation, Daikin Industries Ltd., Dyneon GmbH, Shanghai Ofluorine Chemical Technology Co. Ltd., Zhuzhou Hongda Polymer Materials Co. Ltd., Quadrant Engineering Plastics Products Inc., RTP Company, and SABIC, among others. These companies focus on R&D activities to develop advanced PVDF products with enhanced properties, meeting the diverse requirements of end-users in sectors such as electrical & electronics, chemical processing, oil & gas, automotive, and construction.
Top Players in Polyvinylidene Fluoride market
- Arkema (France)
- Solvay S.A. (Belgium)
- Daikin Industries, Ltd. (Japan)
- 3M (USA)
- Kureha Corporation (Japan)
- Dongyue Group (China)
- Gujarat Fluorochemicals Limited (India)
- Shanghai Ofluorine Chemical Technology Co., Ltd. (China)
- Dyneon GmbH (Germany) (A subsidiary of 3M)
- Quadrant Engineering Plastics Products Inc. (Switzerland)
- Zhejiang Juhua Co., Ltd. (China)
- Zhejiang Fotech International Co., Ltd. (China)
- Zhuzhou Hongda Polymer Materials Co., Ltd. (China)
- Sinochem Lantian (China)
- RTP Company (USA)
- AGC Inc. (Japan)
- SKC Co., Ltd. (South Korea)
- Hubei Everflon Polymer Co., Ltd. (China)
- DIC Corporation (Japan)
- Fluorseals S.p.A. (Italy)
Recent Developments
- November 2022: Solvay and Orbia announced a framework agreement to form a partnership for the production of suspension-grade polyvinylidene fluoride (PVDF) for battery materials, resulting in the largest capacity in North America.
- October 2022: Dongyue Group completed the construction of its PVDF project with a capacity of around 10,000 tons per year in China. Upon completion of this project, the company's total PVDF production capacity reached 25,000 tons/year.
- February 2022: Solvay announced the product expansion of Solef, a PVDF resin brand with the largest production site in Europe.
Polyvinylidene Fluoride market Trends
- A Versatile Fluoropolymer for High-Purity Applications
PVDF is known as a highly non-reactive fluoropolymer with UV stability and resistance to chemicals, abrasion, and flame. It is often used in applications that require components of the highest purity levels. PVDF is one of the most frequently used fluoropolymers, accounting for 16.21% of the total consumption of all fluoropolymer sub-resin types in 2022.
- PVDF in Lithium-Ion Batteries: Enhancing Performance and Stability
Polyvinylidene fluoride (PVDF) is a high-performance polymer that finds applications in various industries, including coatings, membranes, and lithium-ion batteries. One of the significant growth drivers in the PVDF market is the increasing demand for PVDF in lithium-ion batteries. The demand for lithium-ion batteries has been steadily growing due to their widespread use in portable electronic devices, electric vehicles, and energy storage systems. In the production of lithium-ion battery electrodes, PVDF serves as a binder and a conductive additive. As a binder, PVDF helps hold the active materials and conductive additives together, providing structural integrity to the electrode. It also acts as a conductive additive, enhancing the electron and ion transport within the electrode. These properties are vital for optimizing the performance and efficiency of lithium-ion batteries. By using PVDF as a binder and conductive additive, the electrode's stability is improved, reducing the risk of electrode delamination, swelling, and loss of capacity. PVDF's chemical resistance and thermal stability make it well-suited for the demanding environment within lithium-ion batteries.
Polyvinylidene Fluoride market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our polyvinylidene fluoride market analysis, high-performance polymers find applications in various industries, including coatings, membranes, and lithium-ion batteries. One of the significant growth drivers in the PVDF market is the increasing demand for PVDF in lithium-ion batteries. The demand for lithium-ion batteries has been steadily growing due to their widespread use in portable electronic devices, electric vehicles, and energy storage systems.The properties of PVDF, such as high chemical resistance, thermal stability, and UV resistance, make it an attractive material for various applications in industries such as chemical processing, aerospace, and construction. The growing demand for these applications is also driving the growth of the PVDF market. Additionally, the rising demand for PVDF in lithium-ion batteries, as well as in other applications, is expected to continue to drive the growth of the PVDF market in the coming years. The properties of PVDF, such as high chemical resistance, thermal stability, and UV resistance, make it an attractive material for various applications in industries such as chemical processing, aerospace, and construction. The growing demand for these applications is also driving the growth of the PVDF market. Overall, the rising demand for PVDF in lithium-ion batteries, as well as in other applications, is expected to continue to drive the growth of the PVDF market in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 68.4 billion |
| Market size value in 2032 | USD 412.57 billion |
| Growth Rate | 22.1% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Polyvinylidene Fluoride market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Polyvinylidene Fluoride market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Polyvinylidene Fluoride market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Polyvinylidene Fluoride market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Polyvinylidene Fluoride market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Polyvinylidene Fluoride market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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