The global polyvinyl alcohol market size is expected to reach
USD 1.2 billion by 2025, expanding at a CAGR 6.1% over a forecast period,
according to a new report by Grand View Research, Inc. Increasing need for
bio-based PVA products is a key growth factor for the global market. In
addition, rising demand from Asia Pacific is expected to propel demand over the
forecast period.
PVA is a synthetic water-soluble polymer,
widely used in formulation processes in various end-use industries. Demand for
the same mainly stems from the packaging industry, as it is an excellent
barrier to oxygen and has high water solubility and biodegradable properties.
In terms of volume, food packaging
emerged as the largest end-use segment by revenue in 2016 and is anticipated to
continue this trend over the forecast period at a 5.6% CAGR. Increasing need
for biocompatible and non-toxic packaging solutions in the food and beverage
industry is expected to drive the market. PVA is extensively used in this
industry owing to its advantageous properties such as good crosslinking density
and moisture resistance.
Demand for PVA is expected to rise
owing to growth in various end-use industries in Asia Pacific. Different grades
of polyvinyl alcohol are used in the papermaking process with high,
intermediate, and low viscosities. These grades can be fully, partially, or
intermediately hydrolyzed in nature.
Browse full research report on Polyvinyl Alcohol (PVA) Market: https://www.grandviewresearch.com/industry-analysis/polyvinyl-alcohol-market
Further key findings from the report suggest:
- The construction segment will experience the fastest growth
in terms of value, registering a CAGR of 7.9% from 2017 to 2025. This is
on account of its characteristics such as excellent degree of swelling,
non-embrittlement, and water resistance. Growing infrastructural
development activities in emerging economies are also expected to augment
segment growth
- Food packaging emerged as the largest end-use segment in
terms of volume in 2016 and is estimated to reach a demand of 525.4 kilo
tons by 2025
- The market in Asia Pacific is projected to witness
substantial growth over the next few years owing to robust growth in
various end-use industries, especially in the food packaging industry. In
terms of revenue, the regional market is expected to register a CAGR of
6.8% from 2017 to 2025
- Key players in the market include E. I. du Pont de Nemours
and Company, Nippon Synthetic Chemical Industry Co., Eastman Chemical
Company, and Sekisui Chemical Co. Ltd.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/polyvinyl-alcohol-market/request/rs1
Grand View Research has segmented the global polyvinyl alcohol
(PVA) market on the basis of end use and region:
Polyvinyl Alcohol (PVA) End-use Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
- Paper
- Food
Packaging
- Construction
- Electronics
- Others
Polyvinyl Alcohol (PVA) Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- U.K.
- Russia
- CIS
- Armenia
- Kazakhstan
- Ukraine
- Belarus
- Rest
of CIS
- Asia
Pacific
- China
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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