Polyvinyl Alcohol Market Size Worth USD 2,412.61 Million by 2034 | CAGR: 6.2%

The global polyvinyl alcohol market size is expected to reach USD 2,412.61 million by 2034, according to a new study by Polaris Market Research. The report “Polyvinyl Alcohol Market Size, Share, Trends, Industry Analysis Report: By Grade (Fully Hydrolyzed, Partially Hydrolyzed, and Sub-Partially Hydrolyzed), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Polyvinyl alcohol (PVA) is a water-soluble synthetic polymer with several uses. The polymer is used to make water-soluble films for packaging, which is an eco-friendly option. It finds applications as a viscosity increaser in pharmaceuticals. Other applications of PVA include laundry detergents, water treatment chemicals, dyes, and industrial cleaning chemicals.

The growing cosmetics and personal care industry and rising applications of polyvinyl alcohol in textile and paper packaging industries are among the key factors propelling the polyvinyl alcohol market growth. The growing demand for PVA from the packaging sector and the rising emphasis on green packaging further support the market expansion.

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The rising consumer purchasing powers in emerging economies, emerging demographic conditions like urbanization and a growing middle class shaping consumer behavior, and out-of-home consumption trends are anticipated to fuel the adoption of polyvinyl alcohol across various end-use industries during the forecast period. Increasing demand for bio-degradable products, driven by the limited availability of landfill spaces in developing economies, is expected to provide lucrative polyvinyl alcohol market opportunities during the forecast period.

Key Highlights of Polyvinyl Alcohol Market Report

• Based on grade, the partially hydrolyzed segment dominated the polyvinyl alcohol market with the largest revenue share in 2024. Partially hydrolyzed polyvinyl alcohol is widely used in several applications, including warp-sizing for pressure-sensitive adhesives, remoistening adhesives, soil stabilization, spun and filament yarn, and films.
• Based on application, the food packaging segment dominated the market with over 35.1% market revenue share in 2024. The growing demand for nontoxic and biodegradable packaging solutions in the food & beverage sector drives the segment’s dominance in the market.
• Asia Pacific dominated the global market with a revenue share of 56.8% in 2024. The regional market growth is primarily fueled by the increasing demand for ready-to-eat food products and the presence of a large number of manufacturers.
• North America is projected to witness the fastest growth from 2025 to 2034. The increasing volumes of solid waste in North America and rising innovations in packaging are the key factors fueling market development in the region.
• A few of the key players covered in the market report are Anhui Wanwei Group Co., Ltd; Astrra Chemicals; Celanese Corporation; Chang Chun Petrochemical Co., Ltd.; Dow Dupont; Eastman Chemical Company; Japan VAM & Poval Co., Ltd; Kuraray Co. Ltd; Merck KGaA; Nippon Synthetic Chemical Industry Co.; OCI Corporation; Polychem Limited; Mitsubishi Chemical Corporation; Polysciences Inc.; Sekisui Chemical Co., Ltd; Sigma-Aldrich; Sinopec Sichuan Vinolyn; and Solutia, Inc.

Polaris Market Research has segmented the polyvinyl alcohol market research report on the basis of grade, application, and region:

By Grade Outlook (Revenue USD Million, 2020–2034)

• Fully Hydrolyzed
• Partially Hydrolyzed
• Sub-Partially Hydrolyzed

By Application Outlook (Revenue USD Million, 2020–2034)

• Food Packaging
• Textiles
• Paper
• Construction
• Polymerization Aids
• Others

By Regional Outlook (Revenue USD Million, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of the Middle East & Africa

• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America