Increasing need for bio-based PVA alcohol products is key growth factor to drive polyvinyl alcohol market growth. In addition, rising demand from Asia Pacific region is further propelling the demand over the forecast period.
The Global Polyvinyl Alcohol (PVA) Market is expected to reach USD 1.21 billion by 2025, according to a new report by Grand View Research, Inc.
The Global Polyvinyl Alcohol (PVA) Market is expected to reach USD 1.21 billion by 2025, according to a new report by Grand View Research, Inc.
PVA is a synthetic water-soluble polymer, widely used in the formulation processes in various end-use industries. Polyvinyl alcohol is mainly driven by the demand from the packaging industry, as it is a material with an excellent barrier to oxygen, water solubility, and biodegradable properties.
In terms of volume, food packaging accounted as the largest end-use segment in 2016 and is anticipated to continue its trends with a growth rate of 5.6% over the forecast period. Increasing need for biocompatible and non-toxic packaging solutions in food & beverage industry is expected to drive the growth. PVA is extensively used in food packaging industry owing to its advantageous properties such as good crosslinking density and moisture content.
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The demand for PVA is expected to boost owing to the growth in various end-use industries in the Asia Pacific region. Different grades of polyvinyl alcohol are used in the papermaking process with high, intermediate and low viscosities. These grades can be either fully, partially or intermediately hydrolyzed in nature.
Top Players of Polyvinyl Alcohol (PVA) Market:
Key players including E. I. du Pont de Nemours and Company, Nippon Synthetic Chemical Industry Co., Eastman Chemical Company, and Sekisui Chemical Co. Ltd. dominated the global polyvinyl alcohol market.
Market Segmentation of Polyvinyl Alcohol (PVA) Market:
The Global Polyvinyl Alcohol Market segmented on the basis of End-Use, and Region.
By End-Use:
Paper
Food Packaging
Construction
Electronics
By Region:
North America
US
Europe
Germany
UK
Asia Pacific
China
India
Japan
Central & South America
Brazil
Middle East & Africa
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