Polyvinyl Alcohol (PVA) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Global Polyvinyl Alcohol (PVA) Market: Snapshot
Polyvinyl alcohol (PVA) is a water-soluble, colorless synthetic resin mainly used for treating paper and textiles. It adds to the existing strength of textile yarns and makes paper highly resistant to grease and oil. In this manner is serves to prolong their lives by preventing them from easy damage. It is employed as a component of adhesives and emulsifiers too. It acts as a water-soluble protective film and an important ingredient for making other types of resins.
The global polyvinyl alcohol (PVA) market, which is already valued at well over a billion dollars, is being driven by demand from end use segments such as textile and paper. It is also seeing sales owing to the demand from ceramic and coatings industry which are growing rapidly. Selvol polyvinyl alcohol (PVA) is one product which is seeing high uptake in making ceramic products, particularly for household purposes such as sanitaryware and stoneware. This is because they are non-hazardous and non-toxic. This is majorly fuelling the global polyvinyl alcohol market.
The global polyvinyl alcohol (PVA) market is mainly being boosted by the massive revenue generated in the Asia Pacific region. PVA is being used in numerous proliferating end use segments in the region such as packaging, construction, and paper. This is because of the increasing industrialization in the region. North America is another major contributor to the global polyvinyl alcohol (PVA) market.
However, the market is running into headwinds owing to the strict regulations preventing its application in different segments. This is because exposure to PVA can affect human health. This has created new growth avenues for players to develop non-toxic and non-hazardous products that have little fallout on human health and environment. In fact, savvy players are already engaging in strategic mergers and acquisitions in the global polyvinyl alcohol market (PVA) to diversify their product portfolios and collaborate to build better ones.
Polyvinyl Alcohol (PVA) Market: Overview
Polyvinyl alcohol (PVA), is a synthetic polymer which is soluble in water. It is an important compound utilized in making process in several end-use sectors. The major end-use sectors are construction, food packaging, electronics, printing, coatings, textile, paper, and cosmetics. PVA compound is majorly boosted by the rising demand from the food packaging sector, as it providea more solubility in water is a material with better water solubility, and biodegradable aspects.
Some of the major firms in the market are paper, electronics, food packaging, and construction
Among these, the segment of food packaging held the maximum shares in the PVA market, in 2016. Factors for example, antimicrobial activity, the permeability of water vapor permeability, thermal stability, great crosslinking density, and moisture resistant nature of the PVA is expected to fuel the demand of the mentioned market segment in the forthcoming years.
Global Polyvinyl Alcohol (PVA) Market: Drivers and Restraints
The advancement of different biodegradable bundling materials has collected consideration in the ongoing past. Inexhaustible characteristic polymers have been tried to upgrade the biodegradation capability of the PVA-based end-utilize items. Among the diverse biodegradable manufactured polymers, PVA material is broadly utilized inferable from its biodegradability in different microbial conditions.
Be that as it may, stringent rules hampered the use of polyvinyl alcohol in different segments of application. The National Institute for Occupational Safety and Health (NIOSH) presented a few preventive measures after being exposed to the PVA and environmental security. The production of solid waste can have negative impacts human wellbeing, particularly kids, who are more prone to these pollutants.
Polyvinyl Alcohol (PVA) Market: Market Potential
Polyvinyl alcohol has diverse applications, for example, textile, ceramic, paper, coatings, and wood. The different analysis are used for several end utilize sectors. What's more, comparative evaluations of the product can as well be utilized for different end-usage. This capacity has helped in surging the demand of PVA all over the world in coming years. There are lesser known substitutes accessible for PVA by virtue of its properties including water solubility and ethanol, combined with protection from oil and grease.
Polyvinyl Alcohol (PVA) Market: Regional Analysis
Geographically, the global polyvinyl alcohol market is segmented into North America, Asia Pacific, Europe, and Rest of the World (ROW).
Among these, Asia Pacific region is expected to be the leading one, globally, with highest revenue share in the market. This is attributed to the rising usage of PVA in the various sectors for example, construction, packaging, and paper. Along with increasing economic development. The region is trailed by North America as per the volume. Increase in amount of solid waste in the region is estimated to propel the growth for polyvinyl alcohol in packaging sector during forecast period. Moreover, there are most of the firms established in Asia Pacific market. The firms are working on enhancing their product quality and increasing product range to sustain their market position and increase their global reach.
Polyvinyl Alcohol (PVA) Market: Competitive Landscape
Some of the major organizations operating in the global PVA market are DuPont, Chang Chun, Sigma-Aldrich, SEKISUI CHEMICAL, and The Nippon Synthetic Chemical Industry.
Some other important vendors are Aldon, Anhui Wanwei, BASF, JAPAN VAM & POVAL, Carst & Walker, KURARAY, Polysciences, Polychem, SNP, and Spectrum Chemical Manufacturing.
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