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.
To Request for Sample Copy of this Report: http://www.grandviewresearch.com/industry-analysis/polyvinyl-alcohol-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
Read Our Blog: http://www.grandviewresearch.com/blogs/bulk-chemicals
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
- US.
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
Access Press Release of this Report: 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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