Polyvinyl Alcohol (PVA) Market Estimated to Exceed US$ 1.4 Billion Globally By 2027
According to the latest report by IMARC Group, titled “Polyvinyl Alcohol (PVA) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on Polyvinyl Alcohol (PVA) industry size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global polyvinyl alcohol (PVA) market size reached US$ 1.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1.4 Billion by 2027, exhibiting a growth rate (CAGR) of 5.37% during 2022-2027.
Polyvinyl alcohol (PVA) refers to a water-soluble synthetic polymer utilized for producing a synthetic fiber using the wet spinning method. It is commonly available in the forms of partially and fully hydrolyzed PVA and is commercially produced through polyvinyl acetate. It is resistant to oils, odors, and grease and exhibits high-degree biodegradability and is widely used as a moisture barrier in the manufacturing of pharmaceutical products, such as supplements and medicines. Furthermore, it is also used for producing water-soluble films, paper, and board coatings, and release liners and sacrificial coatings.
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Global Polyvinyl Alcohol (PVA) Market Trends:
The global market is majorly driven by significant growth in the food and beverage industry. This is attributed to the rising utilization of biocompatible and nontoxic packaging solutions in the food and beverage industry is escalating the demand for polyvinyl alcohol (PVA). Additionally, its advantageous properties, such as moisture resistance and good crosslinking density, along with the development of thin and water-resistant food-grade polyvinyl alcohol films, are further accelerating the market growth. Moreover, the growing adoption of organic polyvinyl due to the high awareness regarding the harmful effects of synthetic polyvinyl is creating a positive market outlook. Other factors driving the market further include extensive research and development (R&D) activities conducted by key players.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Anhui Wanwei Group Co. Ltd.
- Celanese Corporation
- Chang Chun Group
- China Petroleum and Chemical Corporation
- Japan Vam & Poval Co. Ltd.
- Kuraray Co. Ltd.
- Nippon Gohsei (UK) Limited
- OCI Company Ltd.
- Sekisui Chemical Co. Ltd.
- Solutia Inc
Polyvinyl Alcohol (PVA) Market Segmentation:
Our report has categorized the market based on region, grade, end use industry and imports and exports.
Breakup by Grade:
- Fully Hydrolyzed
- Partially Hydrolyzed
- Sub-Partially Hydrolyzed
- Low Foaming Grades
Breakup by End Use Industry:
- Food Packaging
Breakup by Imports and Exports:
- Import Trends
- Import Breakup by Country
- Export Trends
- Export Breakup by Country
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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Published Tue, 13 Sep 2022 01:22:21 -0500