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polyvinyl alcohol market

Polyvinyl Alcohol Market Share, Size, Trends, Industry Analysis Report, By Application (Packaging, Textiles, Paper, Construction, Polymerization Aids, Others); By Grade; By Region; Segments & Forecast, 2021 - 2028

  • Published Date: Jul 2021
  • Pages: 108
  • Format: PDF
  • Report ID: PM1498
  • Base Year: 2020
  • Historical Data: 2016 - 2019

Report Summary

The global polyvinyl alcohol market was valued at USD 801.3 million in 2020 and is expected to grow at a CAGR of 6.2% during the forecast period. Polyvinyl alcohol is a non-toxic biodegradable polymer, and its demand is driven by its application in a large number of industries such as construction, textiles, packaging films, electronics, among others. As the PVA polymers are not harmful to the environment and are degradable biologically, it is widely used in the manufacturing of sustainable products.

PVA can be used in a variety of applications on account of its excellent properties such as biodegradability, water-solubility, non-carcinogenicity, biocompatibility, non-toxicity, high tensile strength, and high chemical & abrasion resistance. Moreover, the polymer is non-expensive and can be used for distinct needs by modifying via synthetic procedures.

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The polyvinyl alcohol industry is primarily driven by the growing need for biodegradable products. Change in consumer preference for environment-friendly products, waste disposal & management, and rising disposable income of consumers in tandem with growing industries are some of the crucial parameters for the growth of the polyvinyl alcohol industry globally.

The growing construction industry in many developing economies of the world has also significantly widened the scope for polyvinyl alcohols, where these are used in concrete mixtures for excellent adhesion properties.

PVA’s major end-use industries comprise packaging films and textile fibers. Both these end-use industries have observed a growing trend across many regions of the world. The product is used in textile yarns as a sizing agent that provides strength and stiffness to the product. Another significant application for PVA is polymerization aids, which is the largest end-use of polyvinyl alcohol in China.

The market for polyvinyl alcohol is highly competitive and has been actively supported by the consumers and the regulatory agencies for crucial factors such as sustainable & biodegradable packing due to increased waste disposal management, especially in the developed nations. However, the industry is also subjected to certain repercussions of PVA’s harmful impact on the environment, which only comes with high concentration levels.

Polyvinyl Alcohol Market Report Scope

The market is primarily segmented on the basis of grade, application, and region.

By Grade

By Application

By Region

  • Fully Hydrolyzed
  • Partially Hydrolyzed
  • Sub-Partially Hydrolyzed
  • Packaging
  • Textiles
  • Paper
  • Construction
  • Polymerization Aids
  • Others
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Grade

On the basis of grade, the market is bifurcated into partially hydrolyzed, fully hydrolyzed, and sub-partially hydrolyzed. Partially hydrolyzed grade PVA led the market in the year 2020, owing to its growing applications in the food & beverage industry as a packaging agent in high moisture foods ingredients as a gas barrier and retain the quality and taste of the products.

Insight by Application

The application segment includes polymerization aid, textiles, construction, paper, packaging, and others. Packaging among these is the fastest-growing application for the PVA market due to the factor of biodegradability.

Polymerization aid, that is manufacturing of other products by making use of PV alcohol has been its largest application in countries such as the U.S. and China. Polymerization aid is the largest application for polyvinyl alcohol in China, whereas polyvinyl butyral (PVB) is the largest for Western Europe and the U.S.

Geographic Overview

The Asia Pacific is the largest regional market in the polyvinyl alcohol industry, where Northeast Asia comprised over 70% of the installed global capacity in the year 2020. China is a primary country for PVA on account of the large polymerization segment for manufacturing products such as paper coatings, adhesives, and textile sizing agents. Countries like Japan in this region are expected to have slower growth in demand and are supported by large exports.

North America and Western Europe are other significant regional polyvinyl alcohol markets after Asia. In North America, the U.S. has matured applications for PVA, with the largest production of PVB. However, the overall demand growth for the country is not expected to be high on account of the decline in the market of textile sizing agents, limited growth of adhesives, and stagnating growth of paper coatings.

Competitive Landscape

The global market for polyvinyl alcohol is highly competitive. Some of the competitive factors for the industry players include technological development, material science innovations, and diversification by market players in the production of other related polymers.

Major market players in the polyvinyl alcohol market include Nippon Synthetic Chemical Industry Co., Eastman Chemical Company, Dow Dupont, Kuraray Co. Ltd, Sinopec Sichuan Vinolyn, Anhui Wanwei Group Co., Ltd, and Sigma-Aldrich.

Key Take-Away
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