Polyvinyl Alcohol (PVOH) Market Report 2025 : New Trends, Opportunities And Global Forecast to 2028 | Key Players Analysis & Forecast

The Polyvinyl Alcohol (PVOH) market is driven by rising demand in packaging, textiles, and adhesives due to its biodegradable and water-soluble properties. Asia-Pacific dominates production and consumption, while innovation in sustainable materials boosts growth globally. Increasing environmental focus ensures a promising future for PVOH applications.
The polyvinyl alcohol market is projected to reach USD 5.0 billion by 2028, at a CAGR of 6.1% from USD 3.7 billion in 2023. In-depth research on Polyvinyl Alcohol Industry Size [https://www.marketsandmarkets.com/Market-Reports/polyvinyl-alcohol-pvoh-market-106878201.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=polyvinylalcoholpvoh], Share, Business Analysis, Growth Factors, and Regional Forecast. The market report gives a purposeful depiction of the area by the practice for research, amalgamation, market size, overview, and review of data taken from various sources. The market growth is driven by factors such as the water solubility of Polyvinyl Alcohol which makes it highly versatile and the increasing demand for the use of biodegradable products.

Polyvinyl alcohol (PVOH) Companies

The key players in this market are Kuraray Co Ltd (Japan), Anhui Wanwei Group Co Ltd (China), Chang Chun Petrochemicals Co Ltd (Taiwan), Ningxia Dadi Circular Development Corp Ltd (China), Sinopec Sichuan Vinylon Works (China), Sekisui Specialty Chemicals (Japan), Mitsubishi Chemical Corporation (Japan), Japan Vam and Poval Co Ltd (Japan), Merck Kgaa (Germany), Wacker Chemie AG (Germany), Denka Company Ltd (Japan). These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.

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Kuraray Co Ltd

Kuraray is a market pioneer in functional materials and specialty chemicals. Its subsidiary Kuraray Europe GmbH, which was established in 1991, it is based in Germany and is a top polyvinyl alcohol manufacturer in Europe. Kuraray was founded in 1926, and its headquarters are in Japan. Kuraray was established to commercialize synthetic rayon, which was a cutting-edge technology at the time. The company was the first in the world to commercialize Polyvinyl Alcohol (PVOH) fiber. It offers PVOH through its vinyl acetate segment.

Kuraray has offices all over the world in addition to having two facilities in the United States and production facilities in Germany, Singapore, and Japan. Kuraray Co Ltd has more than 10,000 employees globally. Globally, the company is having presence in Asia, Europe, and American regions.

Anhui Wanwei Group Co Ltd

Anhui Wanwei Group Co., Ltd. is a large enterprise under the direct control of State-owned Assets Supervision and Administration Commission of Anhui Provincial Government. It is a large-scale enterprise group based in Anhui Province, China. The company is primarily engaged in the research, development, production, and sale of plastic packaging materials and products. Anhui Wanwei Group has grown into a leading producer of plastic packaging products in China, with a wide range of products including plastic bags, films, sheets, and pipes.

In addition to its core business of plastic packaging, Anhui Wanwei Group Co. Ltd, has diversified into other areas, including real estate development, financial investment, and healthcare. The company has four basic segments including chemical products, synthetic hair products, new materials and building material products. The company's annual production capacity of water-soluble PVOH fiber products is 10,000 tons, which has solved the technical problems that affect the processing performance such as oil selection and insoluble content. The company has built several large-scale residential and commercial projects in Anhui Province and has established a number of investment funds focusing on high-growth industries such as healthcare and technology.

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The company's plastic packaging products are sold both domestically and internationally, with a wide customer base that includes major corporations in the food and beverage, pharmaceutical, and chemical industries. Anhui Wan Wei High Tech Materials belonging to the Wan Wei Group is a SOE with an annual capacity of 350 000 tons/year, accounting for 28 % of the nominal domestic PVOH production capacity and 40 % of the actual production capacity. It is also the largest PVOH producer in China, next to Sinopec and Inner Mongolia Shuangxin. Mengwei, another company belonging to the Wan Wei Group, is actively promoted to become a major PVOH producer as part of the industrialization project of Inner Mongolia.

The company has several production facilities and subsidiaries located in different parts of China, including Anhui, Jiangsu, Shandong, Zhejiang, and Guangdong provinces. In addition to its operations in China, Anhui Wanwei Group has also established a subsidiary in the United States, which is primarily engaged in the sale and distribution of plastic packaging products to customers in North America.

Partially hydrolyzed by type is projected to grow at fastest CAGR, in terms of value, during the forecast period.

In the adhesive industry, partially hydrolyzed PVOH is utilized in the formulation of adhesives that require a balance between water resistance and adhesive strength. These adhesives find use in applications such as wood bonding and packaging. Partially hydrolyzed PVOH is also utilized in the production of coatings and films that necessitate water resistance. By incorporating partially hydrolyzed PVOH, coatings and films can exhibit enhanced resistance to moisture, making them appropriate for applications where protection against water or humidity is essential. Additionally, the textile industry finds value in partially hydrolyzed PVOH for applications like warp sizing and fiber treatments, as it provides desired levels of water resistance and adhesion properties. These factors are driving its demand in the Polyvinyl alcohol market.

Asia Pacific is expected to be the fastest growing market for polyvinyl alcohol during the forecast period, in terms of value.

The Asia Pacific area has one of the largest Polyvinyl Alcohol markets, with China, Japan, and India being the key consumers. This can be linked to the region's rapid development and rising consumer demand. Industries like packaging, building, and textiles boost Polyvinyl Alcohol demand in the Asia Pacific regions. Asia Pacific regions are also generating a lot of waste, it produces more than half of the world's plastic waste. Compared to other plastics Polyvinyl Alcohol has a higher sustainability factor and is biodegradable. This is also leading to its application in various industries.

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