Polyvinyl Alcohol (PVA) Market Size, Share, Trend, Growth Prospects, Key Drivers and Opportunity Analysis
Polyvinyl alcohol (PVA) market size is expected to grow at a compound annual growth rate of 5.54% for the forecast period of 2021 to 2028. Data Bridge Market Research report on polyvinyl alcohol (PVA) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Polyvinyl alcohol (PVA) is a type of a colorless, hydrophilic water-soluble synthetic polymer and has efficient adhesive properties and film-forming. It is made by polymerization of vinyl acetate monomer followed by hydrolysis. Polyvinyl alcohol has its application in the various end-user industries such as paper, food packaging and textiles among others.
The rise in the need for bio-based PVA products is expected to influence the growth of the polyvinyl alcohol (PVA) market. In line with this, the rapid increase in usage of packaging in the food industry and rise in the usage in the construction industry materials are also anticipated to act as key determinants favoring the growth of the polyvinyl alcohol (PVA) market over the forecast period of 2021 to 2028. Also the, rapid industrialization and rise in the innovation in the packaging industry are also expected to positively impact the growth of the polyvinyl alcohol (PVA) market. The major factor accountable for the growth of the market is the rise in the awareness regarding the advantageous polyvinyl alcohol properties and rise in the application of PVA in the electronics industry.
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Scope of the Polyvinyl Alcohol (PVA) Market Report:
Polyvinyl alcohol (PVA) market is segmented on the basis of grade and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of grade, the polyvinyl alcohol (PVA) market is segmented into fully hydrolyzed, partially hydrolyzed, sub-partially hydrolyzed, low foaming grades and others.
- The application segment for polyvinyl alcohol (PVA) market is segmented into papermaking and processing, building and construction, electronics, textile, medical, personal care and others. Papermaking and processing has further been segmented into surface sizing agent, pigment binding agent and paper addictive. Building and construction has further been segmented into caulks and sealants, joint compounds and redispersible powders. Electronics have further been segmented into flat-screen TVs, computers, mobile phones and others. Textile has further been segmented into geo-textiles, consumer textiles and industrial textiles. Medical has further been segmented into tablet coatings and eye drops. Personal care has further been segmented into hair care, skin care and color cosmetics.
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The major players covered in the polyvinyl alcohol (PVA) market report are Merck KGaA, OCI COMPANY Ltd., SEKISUI CHEMICAL CO., LTD., Kuraray Europe GmbH, Chang Chun Group, JAPAN VAM & POVAL CO., LTD., DuPont, China Petrochemical Corporation, Mitsubishi Chemical Corporation, SNP, Inc., Solvay, Eastman Chemical Company, AICELLO CORPORATION, Cortec Corporation, ECOMAVI S.r.l., Spectrum Chemical Manufacturing Corp., Akshar Enterprises, Ottokemi, and BASF SE among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Polyvinyl Alcohol (PVA) Market Regional Analysis/Insights
The Polyvinyl Alcohol (PVA) market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Polyvinyl Alcohol (PVA) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Polyvinyl Alcohol (PVA) within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Polyvinyl Alcohol (PVA) market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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