Feb 15, 2021: Global Polyvinyl Alcohol (PVA) Market is predicted to reach USD 1.21 billion by 2025 owing to the rising need for bio-based PVA alcohol products. Polyvinyl alcohol is an odorless, translucent, tasteless, cream or white colored granular powder which is used as a moisture barrier film. PVA, also known as synthetic water-soluble polymer, is used as food supplement tablets and for food stuffs that contain additions or dry foods with additions that require protection from moisture.
Polyvinyl
alcohol is not a naturally occurring product and is used in high-moisture food
stuffs to retain the overall satisfactory texture, taste and quality of food
stuffs. Polyvinyl alcohol is also present in the confectionary products to
preserve the integrity of moisture sensitive ingredients.
The
use of detergents has increased since people are getting aware of cleanliness
and maintenance of hygienic atmosphere. Fertilizers, insecticides, pesticides
and other chemicals are also witnessing an increase due to the rising demand of
high yield in agricultural sector. Also, the growth in hospitality sectors like
resorts, hotels, amphitheaters, entertainment industry has further contributed
to the daily usage of detergents which again boosts polyvinyl alcohol industry.
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Additionally,
the rapid industrialization along with the need of hygienic environment of
workplaces has increased the demand for detergents at the same time. The
agrochemical packaging and the detergents have the largest share in polyvinyl
alcohol market in terms of volume. Hence, the agrochemical sector is expected
to grow significantly in the coming years, contributing to the market.
Moreover,
the rising concerns about health threats from dumping of packaging of products
has increased the need for biodegradable packaging solutions. This has resulted
positively to polyvinyl alcohol (PVA) industry in the past years and is
expected to continue in future as well. However, the strict government regulations
that restricts the use of some packaging materials has motivated the packaging
companies to the use of polyvinyl alcohol (PVA), ultimately boosting the
market.
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Polyvinyl
alcohol (PVA) is also largely used in embroidery for the protection of
aesthetic appearance. Numerous antiques are also preserved with the help of
polyvinyl alcohol (PVA) films which altogether triggers the growth of the PVA
market. The rise in population along with improved standard of living has given
rise to the laundry services, which encourages the use of polyvinyl alcohol
(PVA) film in the bags used in laundries.
Hence,
the flourishing laundry segment is predicted to offer promising growth to
polyvinyl alcohol (PVA) industry in the years to come. Another driving factor
for the market is the e-waste. The increasing health hazards are demanding the
use of biodegradable polyvinyl alcohol (PVA) films for electronic gadgets like
LCD panels, laptops, sunglasses, optical filters, etc. which again boosts the
industry.
Polyvinyl
alcohol (PVA) market is categorized on the basis of end-users and geography. On
the basis of end-users, the market is divided into Paper, Food Packaging,
Construction, Electronics, others. Geographically, the market is segmented as
North America, Central and South America, Asia Pacific, Europe, and Middle East
& Africa.
North
America is expected to dominate PVA industry in the forecast period due to
extensive use of polyvinyl alcohol (PVA) films for detergent packaging. This is
followed by Asia Pacific region comprising emerging nations like China and
Japan since they are the largest exporters of polyvinyl alcohol (PVA) films,
out of which more than half production is distributed in North America, East
Europe, West Europe, and South America. The prominent market players profiled
here comprise The Nippon Synthetic Chemical Industry, DuPont, Chang Chun,
SEKISUI CHEMICAL, Sigma-Aldrich, etc.
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