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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Polyvinyl Alcohol Market size was valued US$ 682.1 million in 2023 and growing at a CAGR of 7.2% during the forecast period 2024-2030. The owing to rising demand for bio-based packaging coupled with growing investments in constructional activities and high use of polyvinyl alcohol in electronics sector is expected to drive the growth of the market over the forecast period. Furthermore, polyvinyl alcohol is used in wide range of applications in various industries such as paper, construction, electronics, textiles, and in medical sector. Because of its non-toxic and moisture and air barrier qualities, PVA is widely utilised as a binding and coating agent in food packaging materials. The market is also growing due to the extensive use of PVA in the production of water-soluble and disposable packaging for detergents, dyes, and agricultural products. It can also be made into solid sheets, tapes, or strings to make mesh stocking for fishing and other nautical activities. Other key growth-inducing aspects include numerous product breakthroughs, such as the invention of PVA-based bio composite films. The biodegradability, water absorption, and filler loading capabilities of these films are all increased. However, its hazardous properties are estimated to restrain the growth of the market. This report studies global polyvinyl alcohol market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges in the market. In addition, global market report includes human demographics; regulatory scenario, and 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 (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
Study Period
2024-2030Base Year
2023CAGR
7.2%Largest Market
Asia-PacificFastest Growing Market
North-America
Polyvinyl alcohol is used as an additive in sealants and cement in order to intensify their cohesion and fluidic properties, lessening the drying time for the concrete surface. This surges the coating adaptableness and precludes concrete cloth from chapping. High investments in the manufacturing and service sectors of the Asian countries have created huge opportunity for the polyvinyl chloride in the global market.
Based on the geographical regions, the global Polyvinyl Alcohol Market is segmented into five key regions Europe, North America, Latin America Asia-Pacific, and Middle East & Africa. Asia Pacific is leading the global market and is expected to grow with significant CAGR owing to the developments that are happening in the construction industry coupled with the rapid urbanization in the Asian countries such as China, India, Indonesia, Vietnam etc., are anticipated to drive the growth of the market. The packaging trends in the Asian countries have witnessed vast changes such as to prevent pollution and growing usage or adoption of bio-degradable materials are anticipated to drive the growth of the market. The government of India has taken serious action against the packaging of the products and mandated to use bio-degradable products in the market which is the major factor for the growth of the market.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 682.1 million |
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Market CAGR |
7.2% |
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By Grade |
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By End-User |
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By Region |
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The polyvinyl alcohol market is projected to expand at a CAGR of 7.2% during the forecast period
Sinopec Sichuan Vinylon, Anhui Wanwei Group Co., Ltd, 3M Company, BASF SE, Nippon Gohsei, Polysciences, Inc.
North America is the fastest-growing region for the polyvinyl alcohol market
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.