The
global polyvinyl alcohol (PVA) market is expected to reach USD 1.21 billion by
2025, according to a new report by Grand View Research, Inc. Increasing need
for bio-based PVA alcohol products is key growth factor to drive polyvinyl
alcohol market growth. In addition, rising demand from Asia Pacific region is
further propelling the demand over the forecast period.
PVA is a synthetic
water-soluble polymer, widely used in the formulation processes in various
end-use industries. Polyvinyl alcohol is mainly driven by the demand from the
packaging industry, as it is a material with an excellent barrier to oxygen,
water solubility, and biodegradable properties.
In terms of volume, food
packaging accounted as the largest end-use segment in 2016 and is anticipated
to continue its trends with a growth rate of 5.6% over the forecast period.
Increasing need for biocompatible and non-toxic packaging solutions in food
& beverage industry is expected to drive the growth. PVA is extensively
used in food packaging industry owing to its advantageous properties such as good
crosslinking density and moisture content.
The demand for PVA is
expected to boost owing to the growth in various end-use industries in the Asia
Pacific region. Different grades of polyvinyl alcohol are used in the
papermaking process with high, intermediate and low viscosities. These grades
can be either fully, partially or intermediately hydrolyzed in nature.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/polyvinyl-butyral-pvb-market
Further key findings from the report suggest:
·
Construction
segment will experience the fastest growth in terms of value at a CAGR of 7.9% from
2017 to 2025 on account of its various characteristics such as excellent degree
of swelling, non-embrittlement, water resistance and waterproof. Furthermore,
growing infrastructural development activities in emerging economies are
expected to augment the growth over the forecast period.
·
Food
packaging emerged as the largest end-use segment in terms of volume in 2016 and
is estimated to reach demand 525.4 kilo tons by 2025. Global PVA revenue in
paper segment was USD 213.2 million in 2016 and is anticipated to experience
steady growth over the years ahead
·
The
U.S. polyvinyl alcohol market in terms of volume was 172.8 kilo tons in 2016
and is estimated to reach a 276.7 kilo tons by 2025. The industry in Asia
Pacific is projected to witness substantial growth over the next eight 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
grow at a CAGR of 6.8% from 2017 to 2025
·
Key
players including E. I. du Pont de Nemours and Company, Nippon Synthetic
Chemical Industry Co., Eastman Chemical Company, and Sekisui Chemical Co. Ltd.
dominated the global polyvinyl alcohol market
Browse more reports of
this category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has
segmented the global polyvinyl alcohol market on the basis of end-use, and
region:
Polyvinyl
Alcohol End-use Outlook (Revenue, USD Million, 2014 - 2025)
·
Paper
·
Food
Packaging
·
Construction
·
Electronics
·
Others
Polyvinyl
Alcohol Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North
America
o
U.S.
·
Europe
o
Germany
o
UK
·
Asia
Pacific
o
China
o
India
o
Japan
·
Central
& South America
o
Brazil
·
Middle
East & Africa
Access
press release by Grand View Research: http://www.grandviewresearch.com/press-release/global-polyvinyl-alcohol-pva-market
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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