Chemical Planet

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. 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 extens...

Increasing consumption of PTA for manufacturing polyester coupled with rising application scope of polyester in the textile industry is likely to fuel acetic acid market growth over the next seven years. Global Acetic Acid Market is expected to reach USD 13.31 billion by 2022, according to a new study by Grand View Research, Inc. Growing demand for VAM which is used as a precursor for manufacturing EVA and EVAc coupled with an increasing consumption of these downstream chemicals in the formulation of solvents and adhesives is expected to drive acetic acid market. Acetic acid is also used as a key ingredient in vinegar. Rising demand for vinegar owing to numerous health benefits associated with it is expected to augment market growth over the forecast period. Acetic acid demand for manufacturing VAM exceeded 3,600 kilo tons in 2014 and the segment is projected to grow at a CAGR of over 4% from 2015 to 2022. Vinyl acetate monomer (VAM) is used in production of various adhesives...