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Description
Polyvinyl Alcohol Fibers Market size was valued at USD 460 billion in 2021, growing at a CAGR of 4% from 2022-28. The increased application of polyvinyl alcohol fibers as reinforcement in concrete, and as a lubricant. However, presence of substitute and changing prices of raw materials will hinder the growth of the market. This report studies global market dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions and market unmet needs (Product Opportunities). PVA (polyvinyl alcohol) is a water-soluble synthetic polymer that is used in the wet spinning method to create synthetic fibres. It is abrasion and wrinkle resistant. PVA fibres have a higher hygroscopicity than any other synthetic fibre. The worldwide poly vinyl alcohol fibre market is predicted to rise due to increased demand for cement in the building industry and increased use of poly vinyl alcohol fibre in the textile industry.
