The global polyvinyl alcohol market size is expected to reach USD 1,337.5 million by 2030 according to a new study by Polaris Market Research. The report “Polyvinyl Alcohol Market Share, Size, Trends, Industry Analysis Report, By Application (Food Packaging, Textiles, Paper, Construction, Electronics, Polymerization Aids, Others); By Grade; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing demand for bio-degradable products on account of the decline in landfills availability in developed economies is expected to boost the demand for the product over the forecast period. In addition, the demand for the product is expected to grow owing to the rising growth in various end-use industries in the Asia Pacific region.
Furthermore, the commencement of construction and infrastructural projects post lockdown has led to the rising demand for construction materials leading to a growth of the product and is expected to grow at a significant pace over the forecast period.
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Construction application segment is expected to grow at a significant pace over the forecast period due to rapid infrastructural development in emerging economies of the Asia Pacific, such as India and China.
Asia Pacific is expected to hold the major shares of the industry over the forecast period due to rising demand from the food packaging industry owing to their moisture-resistant and high barrier properties. However, North America is expected to grow at a considerable pace due to continuous R&D activities to produce biocompatible and nontoxic packaging solutions, which in turn is promoting the use of the product.
Major players operating in the global industry include Astrra Chemicals, Anhui Wanwei Group Co., Ltd, Chang Chun Petrochemical Co., Ltd., Celanese Corporation, Dow Dupont, Eastman Chemical Company, Sinopec Sichuan Vinolyn, Sekisui Chemical Co., Ltd, Kuraray Co. Ltd, Merck KGaA, Japan VAM & Poval Co., Ltd, OCI Corporation, Polychem Limited, Nippon Synthetic Chemical Industry Co., Polysciences Inc., Sigma-Aldrich, and Solutia, Inc.
Polaris Market Research has segmented the polyvinyl alcohol market report on the basis of grade, application, and region:
Polyvinyl Alcohol, Grade Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)
Polyvinyl Alcohol, Application Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)
Polyvinyl Alcohol, Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)