Polyvinyl Alcohol Market Latest Updates 2018 | Topmost Industry - Merck KGaA, OCI COMPANY, The Nippon Synthetic Chemical Industry, Sekisui Chemical, KURARAY, Anhui Wanwei Group., Chang Chun Group. and China Petroleum & Chemical Corporation.

Polyvinyl Alcohol Market – Market Overview

Polyvinyl Alcohol abbreviated as PVOH or PVA is a class of water soluble polymer that are extensively used in paper manufacturing, textile and packaging. These water soluble polymers also finds its application in packaging of detergents, agrochemicals, dyes and water treatment chemical among others. Apart from its application in packaging, PVA is also used as water soluble films in embroidery applications and laundry bags. The Global Polyvinyl Alcohol Market is segmented into end use industry, and region. On the basis of end use industry, the market is segmented into paper manufacturing, food packaging, construction, electrical & electronics and others. Among the various end use industries food packaging is projected to generate the highest revenue during the forecast period. The bio degradable and water soluble properties makes it ideal for the use in food packaging applications, Moreover, the growing shift towards the use of biodegradable packaging is also projected to drive the food packaging segment.

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According to the analysis of MRFR, the major market forces and trends driving growth of the Global Polyvinyl Alcohol Market includes implication of biodegradable packaging in the food industry and the burgeoning growth in the building & construction industry. Moreover, with the growing working population the use of on the go food products has been increasing thereby fuelling the demand for Polyvinyl Alcohol in the food packaging industry.

Polyvinyl alcohol Market- Competitive Landscape

The Global Polyvinyl Alcohol Market is a highly lucrative market driven by flourishing growth of the construction industry, along with the augmenting demand from the packaging industry. Nippon Synthetic Chemical Industry co. ltd (Japan), Eastman Chemical Company (U.S.), Sekisui Chemical Co. Ltd (Japan), Kuraray Co. Ltd (Japan) among others are some of the major players operating in this market. Most of these market participants are adopting the product launch, expansion, and merger and acquisition tactics to strengthen their production capacities and market position. Taking account of these trends the Global Polyvinyl Alcohol Market is projected to witness considerable competition over the forecast period of 2017-2023.

Asia pacific is projected to be a major exporter and producer of Polyvinyl Alcohol during the forecast years. The region has high presence of major manufacturers mainly in India, Japan and China. Some of the major manufacturers in the region includes Kuraray Co. Ltd, Nippon Synthetic Chemical Industry co. ltd, and Anhui Wanwei Group Co., Ltd among others. The growing demand from the construction and packaging industry is substantially driving the Asia Pacific market. Asia Pacific market is also projected to exhibit a flourishing growth with the highest CAGR during the assessed period. North America was the largest market in 2016 and is anticipated to show the same trend during the forecast years. The growing demand for food and detergent packaging in the region are the major reasons supporting the market growth. Detergent packaging is the highest revenue generating application in the North American region whereas agro packaging is anticipated to hold the highest share in the Asia Pacific region.

Industry/ Innovation/ Related News:

21st September 2017- Kuraray Co. Ltd a Japanese company announced the agreement of acquisition of the company Calgon Carbon Corporation. Kuraray a global manufacturer of polyvinyl alcohol resin has agreed to acquire Calgon Corporation for a value of US$ 1.1 billion that is $21.50 per cash in share. This acquisition is expected to strengthen Kuraray’s global presence and is in line with their growth strategy.

27th April 2016 – Kuraray Corporation Limited has completed the construction of polyvinyl alcohol resin plant in U.S. This new plant is in line with the company’s effort to expand its vinyl acetate related portfolio across the globe.

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