The global polyvinyl alcohol market size is expected to reach USD 1,269.2 million by 2028 according to a new study by Polaris Market Research. The report “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” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Polyvinyl alcohol is a biodegradable polymer with distinct properties depending upon the degree of polymerization and hydrolysis. This polymer is witnessing substantial growth on account of its large number of end-use applications such as pigment binder in paper, sizing agents in textiles, adhesives, polymerization aids, and others.
Rising awareness and increased consumer preference for healthy food packaging have substantially led the PVA industry across many parts of the world. PVA can biologically degrade in microbial environment and has high resistance to moisture, thus impacting the demand for improved eco-friendly PVA.
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The supportive regulatory policies and principles for proper waste disposal with no harmful environmental impact has backed up the growth for the PVA industry. Regulatory bodies such as the European Chemical Agency (ECHA) and the National Institute of Occupational Safety and Health (NIOSH) have evidently defined the concentration levels of PVA in the environment for non-toxicity.
Asia Pacific is the largest PVA industry with China as the largest producing country globally. The country is expected to witness decent growth in for PVA in the next five years due to steadily growing fiber industry, however, the growth is expected to be slower as compared to recent years.
The polyvinyl alcohol (PVA) industry comprises several global companies competing with on the basis of several strategies. Some of the key market players include Eastman Chemical Company, Nippon Synthetic Chemical Industry Co., Sinopec Sichuan Vinolyn, Dow Dupont, Kuraray Co. Ltd, Sigma-Aldrich, and Anhui Wanwei Group Co., Ltd.
Polaris Market Research has segmented the polyvinyl alcohol market report on the basis of grade, application, and region:
Polyvinyl Alcohol, Grade Outlook (Revenue – USD Million, 2016 – 2028)
- Fully Hydrolyzed
- Partially Hydrolyzed
- Sub-Partially Hydrolyzed
Polyvinyl Alcohol, Application Outlook (Revenue – USD Million, 2016 – 2028)
- Polymerization Aids
Polyvinyl Alcohol, Regional Outlook (Revenue – USD Million, 2016 – 2028)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa