2021 Polyvinyl Alcohol Market is Projected to Grow at a rate of 6.0% and Anticipated to Reach USD 1.5 Billion by 2027 | Nippon Synthetic Chemical Industry Co., Eastman Chemical Company

The Polyvinyl Alcohol Market is projected to grow at a rate of 6.0% in terms of value, anticipated to reach USD 1.5 Billion by 2027. Polyvinyl Alcoholis a colourless (white) and odourless water-soluble synthetic polymer which is used in papermaking, textile warp sizing, as a thickener and emulsion stabilizer in PVAc adhesive formulations, coatings etc.

Moreover, Polyvinyl Alcohol’s properties like its biocompatibility, low tendency for protein adhesion, and low toxicity, it is used in variety of Medical applications such as cartilage replacement, contact lenses, eye drops etc.Polyvinyl Alcohol is prepared by hydrolysis of polyvinyl acetate or sometimes other vinyl ester-derived polymers with formate or chloroacetate groups instead of acetate.

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PVA exhibit high biodegradability and resistance to grease, oils and odours and are used for film forming and emulsifying. They are odourless, tasteless, and translucent, &are commonly used as a moisture barrier in pharmaceutical products.

Moreover, increasing demand from the food industry around the world acts as a driving force to market growth. Concerns about the availability of petrochemical feedstock are also driving the market further. However, the Food and Drug Administration (FDA)strongly warns against the use of liquid Polyvinyl Alcohol as an injectable filler for plumping any part of the body which may move throughout the body and can cause serious health consequences. These are key market restraints  for the industry

COVID -19 Impact on the Polyvinyl Alcohol Market

The COVID-19 pandemic is having a significant impact on the Polyvinyl Alcohol industry. Demand for the product is suffering severe shocks across various end-use markets, global supply chains are immobile because of the movement restrictions. The countries in the American as well as in Asia- Pacific region have announced the suspension of production due to the lowered demand, supply chain bottlenecks, and for the safety of their employees during the COVID-19 pandemic. As a result, the demand for Polyvinyl Alcohol is expected to decline in 2020. Manufacturers are likely to adjust production to prevent bottlenecks and plan production accordingly.

However, the above challenges may create hindrances in the growth of the market in the forecast period.

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 Global Polyvinyl Alcohol Market Segmentations Product Type Outlook:

 The Water-Soluble PVA Films segment, by type is likely to account for the maximum share in the market during the forecast period. The growth in this segment is attributed to the increasing use in various products such as food packaging, food storage products etc. Rising construction and  industrial activities over a period has increased considerably the demand owing to their lightweight, robust performance, moisture resistant etc.

Product Type Overview (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
Water-Soluble PVA Films
Polarizer PVA Films
Others
End-use Industry Outlook:

The Food packaging segment as the End use industry led the market and accounted for more than xx% share of the global revenue in 2019. The increasing need for biocompatible and nontoxic packaging solutions in the food and beverage industry is expected to drive the segment. Thin and water-resistant food-grade polyvinyl alcohol films are being manufactured, which prevent moisture formation. Properties such as good crosslinking density and moisture resistance are expected to further fuel segment growth.

Polyvinyl Alcohols are widely used in the building and construction industry on account of its various properties such as better water solubility and particle size, adsorption capacity, cement pore solution viscosity, and static filtration of cement slurries

End-use Industry Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
Paper
Food Packaging
Construction
Electronics
Other
Regional Outlook:

The Asia Pacific dominates the market and accounted for over xx% share of the global revenue in 2019 and will continue creating its dominance in the forecasted period. The positive outlook towards the manufacturing as well as paper industry of China, India, and Japanis expected to promote the usage of Polyvinyl Alcohol in the region. Furthermore Rising solid waste volumes in this region is projected to fuel demand for polyvinyl alcohol in packaging applications.

North America emerged as the second-largest regional market in 2019. Increasing usage of PVA in the Electronics industry in American region on account of its properties like versatility, low cost, water-soluble polymer, non-toxicity, high dielectric consistency, flexible hydrophilic are anticipated to fuel the market growth in the region.

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Polyvinyl Alcohol Market Competitive Landscape:

du Pont de Nemours and Companyis one of the leading producers of Polyvinyl Alcohol, globally. The company has undertaken expansion and new product launch as its growth strategy in the Polyvinyl Alcohol market. Recently, the company has launched a USD 350 Million program at the Experimental Station to build physical infrastructure to match the company’s decentralized and customer-focused innovation strategy.

Key Market Players the report covers:

du Pont de Nemours and Company, Nippon Synthetic Chemical Industry Co., Eastman Chemical Company, Sekisui Chemical Co. Ltd., Kuraray Co. Ltd., Sinopec Sichuan Vinylon, Anhui Wanwei Group Co., Ltd., Aicello Corporation, AMC Network Entertainment LLC., Arrow GreenTech Ltd., Cortec Corporation, Shanghai Yuking Water Soluble Material Tech Co., Ltd., Carst & Walker.

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