Latest Research Report on Polyvinyl
Alcohol (PVA) Market begins with an extensive
presentation and then investigates broad into specific segments such as raw
material, application, end user, and region, policy study, value chain
structure, and upcoming trends in particular segments or regions. The report on
Polyvinyl Alcohol (PVA) prepare a case for investments in different regions
based on a practical view of their regulatory outline, manufacturing dynamics,
and availability of skills and resources in that region.
Global Polyvinyl Alcohol
(PVA) Market is predicted to reach USD 1.21 billion by 2025 owing to the rising
need for bio-based PVA alcohol products. Polyvinyl alcohol is an odorless,
translucent, tasteless, cream or white colored granular powder which is used as
a moisture barrier film. PVA, also known as synthetic water-soluble polymer, is
used as food supplement tablets and for food stuffs that contain additions or
dry foods with additions that require protection from moisture.
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Polyvinyl alcohol is not a
naturally occurring product and is used in high-moisture food stuffs to retain
the overall satisfactory texture, taste and quality of food stuffs. Polyvinyl
alcohol is also present in the confectionary products to preserve the integrity
of moisture sensitive ingredients.
The use of detergents has
increased since people are getting aware of cleanliness and maintenance of
hygienic atmosphere. Fertilizers, insecticides, pesticides and other chemicals
are also witnessing an increase due to the rising demand of high yield in
agricultural sector. Also, the growth in hospitality sectors like resorts,
hotels, amphitheaters, entertainment industry has further contributed to the
daily usage of detergents which again boosts polyvinyl alcohol industry.
Additionally, the rapid
industrialization along with the need of hygienic environment of workplaces has
increased the demand for detergents at the same time. The agrochemical
packaging and the detergents have the largest share in polyvinyl alcohol market
in terms of volume. Hence, the agrochemical sector is expected to grow
significantly in the coming years, contributing to the market.
Moreover, the rising
concerns about health threats from dumping of packaging of products has
increased the need for biodegradable packaging solutions. This has resulted
positively to polyvinyl alcohol (PVA) industry in the past years and is
expected to continue in future as well. However, the strict government
regulations that restricts the use of some packaging materials has motivated
the packaging companies to the use of polyvinyl alcohol (PVA), ultimately
boosting the market.
Polyvinyl alcohol (PVA) is
also largely used in embroidery for the protection of aesthetic appearance.
Numerous antiques are also preserved with the help of polyvinyl alcohol (PVA)
films which altogether triggers the growth of the PVA market. The rise in
population along with improved standard of living has given rise to the laundry
services, which encourages the use of polyvinyl alcohol (PVA) film in the bags
used in laundries.
Hence, the flourishing
laundry segment is predicted to offer promising growth to polyvinyl alcohol
(PVA) industry in the years to come. Another driving factor for the market is
the e-waste. The increasing health hazards are demanding the use of
biodegradable polyvinyl alcohol (PVA) films for electronic gadgets like LCD
panels, laptops, sunglasses, optical filters, etc. which again boosts the
industry.
Polyvinyl alcohol (PVA)
market is categorized on the basis of end-users and geography. On the basis of
end-users, the market is divided into Paper, Food Packaging, Construction,
Electronics, others. Geographically, the market is segmented as North America,
Central and South America, Asia Pacific, Europe, and Middle East & Africa.
North America is expected
to dominate PVA industry in the forecast period due to extensive use of
polyvinyl alcohol (PVA) films for detergent packaging. This is followed by Asia
Pacific region comprising emerging nations like China and Japan since they are
the largest exporters of polyvinyl alcohol (PVA) films, out of which more than
half production is distributed in North America, East Europe, West Europe, and
South America. The prominent market players profiled here comprise The Nippon
Synthetic Chemical Industry, DuPont, Chang Chun, SEKISUI CHEMICAL,
Sigma-Aldrich, etc.
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