Press release
Polyvinyl Alcohol (PVA) Market Worldwide Top Players Revenue Analysis of Eastman Chemical Company, Nippon Synthetic Chemical Industry Co., Sinopec Sichuan Vinolyn, Dow Dupont, Kuraray Co. Ltd, Sigma-Aldrich, and Anhui Wanwei Group Co., Ltd.
Polyvinyl Alcohol (PVA) Market
Polyvinyl alcohol is non-toxic biodegradable polymer, and is driven by its application in large number of industries such as construction, textiles, packaging films, electronics and many others. As the PVA polymers is not harmful for the environment and is degradable biologically, it is widely used in the manufacturing of sustainable products.
The global polyvinyl alcohol (PVA) market generated USD 832.4 million in 2017 and is anticipated to grow at a CAGR of 5.9% during the forecast period.
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The polyvinyl alcohol (PVA) market is primarily driven by the growing need for biodegradable products. Change in consumer preference for environment friendly products, waste disposal & management, and rising disposable income of consumers in tandem with growing industries are some of the crucial parameters for the growth of PVA globally. Growing construction industry in many developing nations of the world has also significantly widened the scope for polyvinyl alcohols, where these are used in concrete mixtures for excellent adhesion properties.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:-
Eastman Chemical Company
Nippon Synthetic Chemical Industry Co.
Sinopec Sichuan Vinolyn
Dow Dupont
Kuraray Co. Ltd.
Sigma-Aldrich
Anhui Wanwei Group Co. Ltd.
Rising awareness and increased consumer preference for healthy food packaging has substantially led the polyvinyl alcohol (PVA) market across many parts of the world. PVA can biologically degrade in microbial environment and has high resistace to moisture, thus impacting the demand for improved eco-friendly PVA.
The supportive regulatory policies and principles for proper waste disposal with no harmful environmental impact has backed up the polyvinyl alcohol (PVA) market growth. Regulatory bodies suach as European Chemical Agency (ECHA) and National Institute of Occupational Safety and Health (NIOSH) have evidently defined the concentration levels of PVA in the environment for non-toxicity.
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Polymerization aid, that is manufacturing of other products by making use of PVA has been its largest application in countries such as the U.S. and China. Polymerization aid is the largest application for the polyvinyl alcohol in China, whereas polyvinyl butyral (PVB) is the largest for Western Europe and the United States.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Polyvinyl Alcohol (PVA) Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
Competitive Landscape
Asia Pacific is the largest regional market for polyvinyl alcohol (PVA), where Northeast Asia comprised of over 70% of the installed global capacity in the year 2017. China is a primary market for PVA on account of large polymerization segment for manufacturing products such as pape coatings, adhesives, and textile sizing agents. Countries like Japan in this region are expected to have lower growth in demand and is supported by large exports.
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Western Europe also comprises of significant polyvinyl alcohol (PVA) market, mainly due to higher demand for PVB resin. Some of the new applications for PVA in this region include biodegradable thermoplastic polymers and ceramic binders, where the traditional applications are anticipated to recover and increase.
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