Global Polyvinyl Alcohol (PVA) Market Research Report By Grade (Partially Hydrolyzed, Fully Hydrolyzed), End-Use Industry (Food Packaging, Textile, Paper, Medical, Construction, Electronics), By Region – Forecast Till 2023
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Global Polyvinyl Alcohol Market Overview:
Market Research Future (MRFR), in the latest analysis, has studied the Polyvinyl Alcohol Market for the forecast period of 2018-2023. As per the report, the Global Polyvinyl Alcohol Market is estimated to reach a revenue valuation of USD 1,769.2 million by the end of the forecast period. Polyvinyl alcohol (PVA) has a wide spectrum of applications in several end-user industries such as construction, paper, coatings, textiles, food packaging, and pharmaceutical. The Global Polyvinyl Alcohol Market is estimated to ascend at a 4.59% CAGR through the forecast period.
Further, the availability of Polyvinyl Alcohol in different grades has fueled growth in the market. Additionally, high resistance to moisture, high water solubility, and biodegradability of Polyvinyl Alcohol is bound to cause a higher adoption of the same in the coming years. Due to its physiochemical characteristics, Polyvinyl Alcohol is expected to witness higher adoption in the manufacturing of sustainable packing during the assessment period.
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Polyvinyl Alcohol Market is also gaining traction owing to rising scrutiny on plastic consumption by governments across the world. Owing to higher awareness towards sustainability and the curbing of numerous harmful effects due to plastic, various governments, and other environmental regulatory bodies are encouraging the adoption of biodegradable plastics.
Alternatively, the demand for Polyvinyl Alcohol as an emulsifying and dispersing agent is also fueling exponential growth in the global market.
Key Players:
Some of the principal players within the Global Polyvinyl Alcohol Market include Merck KGaA, Sekisui Chemical Co., Ltd., The Nippon Synthetic Chemical Industry Co., Ltd., OCI COMPANY Ltd., Chang Chun Group., KURARAY CO., LTD., China Petroleum & Chemical Corporation, and Japan Vam & Poval Co., Ltd.
Industry Update:
March 2019: A team of researchers from Denmark, China, as well as South Korea has provided a demonstration of a secure method of transferring A4 sized CVD graphene sheets on a target substrate from copper files. Such transfer has been done with the use of Polyvinyl alcohol polymer foils that are available commercially.
Market Segmentation:
Market Research Future has studied the Global Polyvinyl Alcohol Market in depth. The grades of Polyvinyl Alcohol and various end-user industries have been analyzed to get a detailed insight into the functioning of the market. Different grades of Polyvinyl Alcohol include partially hydrolyzed and fully hydrolyzed. Partially hydrolyzed Polyvinyl Alcohol is likely to be consumed the most owing to lower viscosity and high water-solubility properties. Numerous end-user industries to consume Polyvinyl Alcohol on a high rate include food packaging, paper, medical, textiles, electronics, and construction. The increasing scrutiny on traditional packaging materials and increasing awareness towards sustainable packaging has led the packaging industry is to witness a surge in the consumption of Polyvinyl Alcohol during the review period.
Detailed Regional Analysis:
The Global Polyvinyl Alcohol Market is studied for the regions of North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. Asia Pacific is expected to showcase dominance over the Global Polyvinyl Alcohol Market during the assessment period. One of the primary factors causative to such market dictation includes the growth of various end-user industries in Asia Pacific. Further, rapid urbanization and fast-paced industrialization are promoting sizeable growth in the regional Polyvinyl Alcohol Market. Construction activities are gaining momentum in the region, leading to ascension in demand for polyvinyl alcohol. Further, the presence of many Polyvinyl Alcohol producers in the region is expected to drive the regional market to a great extent.
Europe is expected to follow Asia Pacific and capture the second largest share in the Global Polyvinyl Alcohol Market. Heightened demand for sustainable packaging materials in the region is expected to drive the demand for Polyvinyl Alcohol in the region. On the other hand, North America is also anticipated to be a significant growth pocket in the Polyvinyl Alcohol Market.
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