Polyvinyl Alcohol Market Trend 2030 : Increasing Demand for Biodegradable Products will Boost Growth

The global polyvinyl alcohol market is expected to register a revenue CAGR of 4.7% between 2022 and 2030. An increase in the demand for biodegradable products and stringent government regulations regarding environmental concerns are projected to drive the market revenue growth over the forecast period.

Another key factor driving the growth of the polyvinyl alcohol market is the rising demand from the construction industry. Moreover, the growing food and beverage industry is also projected to create significant revenue growth opportunities for market players operating in the Polyvinyl Alcohol Market. An increase in the use of polyvinyl alcohol as a food additive is also expected to support the market revenue growth during the forecast period.

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Top Companies: Polyvinyl Alcohol market are Celanese Corporation, Daicel Corporation, Dow Chemical Company, Hercules Incorporated, Kuraray Co., Ltd., Mitsubishi Chemical Holdings Corporation, Nippon Gosei Chemical Industry Co. Ltd., Sekisui Chemical Co., Ltd., and The DOW Chemical Company. 

Recent developments:

In 2022, Merck, a prominent science and technology company, expanded its bioprocessing portfolio with the acquisition of Lonza's MAST (Modular Automated Sampling Technology) platform. MAST is an aseptic, automated bio-reactor sampling system developed in Bend, Oregon, USA.
In 2020, Kuraray Europe GmbH announced that it will build new polyvinyl alcohol (PVA) water-soluble film facility in Poland, with production set to begin in mid-2022, to meet the rising demand for packaging film for unit dose detergents, pharmaceuticals, and other products.
In 2020, Kuraray Co., Ltd. expanded its capacity for PVA films in China to meet the growing demand for these films from the food packaging industry.

The COVID-19 impact Analysis: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Polyvinyl Alcohol Market is expected to rise in the coming years.

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Product Outlook (Revenue, USD Million; 2022-2030)
Flakes
Powder
Solutions
Application Outlook (Revenue, USD Million; 2022-2030)
Adhesives & Sealants
Coatings
Films & Sheets
Paper & Packaging
Others

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Significant Features that are under Offering and Key Highlights of the Reports:

- Detailed overview of the Polyvinyl Alcohol Market

- Changes in industry market dynamics

- Detailed market segmentation by type, application, etc.

- Historical, current and projected market size in terms of quantity and value

- Recent industry trends and developments

- Competition situation of Polyvinyl Alcohol Market

- Key companies and product strategies

- Potential niche segment/region showing promising growth.

Finally, the Polyvinyl Alcohol Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.

Expanded Polystyrene (EPS) Market: https://www.globenewswire.com/news-release/2019/04/02/1795609/0/en/Expanded-Polystyrene-EPS-Market-To-Reach-USD-23-70-Billion-By-2026-Reports-And-Data.html

Rotomoulding Powder Market: https://www.globenewswire.com/news-release/2019/03/20/1758035/0/en/Rotomoulding-Powder-Market-Is-Expected-To-Reach-USD-31-99-Billion-By-2026-Reports-And-Data.html

Bio Lubricants Market: https://www.globenewswire.com/news-release/2019/03/21/1758778/0/en/Bio-Lubricants-Market-To-Reach-USD-4-41-Billion-By-2026-Reports-And-Data.html

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