New York City, 08 February 2019: According to a new study published by
Polaris Market Research the global Polyvinyl Alcohol (PVA) Market is anticipated to
reach USD 1.39 billion by 2026.
Polyvinyl
alcohol is a biodegradable polymer with distinct properties depending upon the
degree of polymerization and hydrolysis. This polymer holds a significant
market on account of its large number of end-use applications such as pigment
binder in paper, sizing agents in textiles, adhesives, polymerization aids, and
others. One another crucial application for the product includes its conversion
to polyvinyl butyral, which is used in further in architectural and automotive
applications.
Biodegradability
is the most significant parameter that has driven the demand for polyvinyl
alcohol (PVA) globally. Due to this factor, the product is most prefered for
biodegradable packaging and green construction products. Rising awareness and
increased consumer preference for healthy food packaging has substantially led
the polyvinyl alcohol (PVA) market across many parts of the world. PVA can
biologically degrade in microbial environment and has high resistace to
moisture, thus impacting the demand for improved eco-friendly PVA.
The
supportive regulatory policies and principles for proper waste disposal with no
harmful environmental impact has backed up the growth for the polyvinyl alcohol
(PVA) market. Regulatory bodies suach as European Chemical Agency (ECHA) and
National Institute of Occupational Safety and Health (NIOSH) have evidently
defined the concentration levels of PVA in the environment for non-toxicity.
Polymerization
aids and textile industry are two are most important end-uses for the polyvinyl
alcohol followed by green construction materials. Also, the manufacturig
technology has been enhanced from the standpoint of quality, scale of
production, environment, and safety. PVA is produced from vinyl acetate
monomer, which has over-supplied market with diversification in production of
different vinyl-based polymers, differing with regions of the world.
Western
Europe also comprises of significant market for PVA mainly due to higher demand
for PVB resin. Some of the new applications for PVA in this region include
biodegradable thermoplastic polymers and ceramic binders, where the traditional
applications are anticipated to recover and increase.
Competitive Landscape and Key Vendors:
Asia Pacific
is the largest polyvinyl alcohol (PVA) market with China as the largest
producing country globally. The country is expected to witness decent growth in
for PVA in the next five years due to steadily growing fiber market, however,
the growth will be slower as compared to the last five years. United States is
another mature polyvinyl alcohol (PVA) market on account of large production polyvinyl
butyral (PVB) resin, which is manufactured from PVA.
The global
polyvinyl alcohol (PVA) market comprises of large number of companies. Some of
the key market players include Eastman Chemical Company, Nippon Synthetic
Chemical Industry Co., Sinopec Sichuan Vinolyn, Dow Dupont, Kuraray Co. Ltd,
Sigma-Aldrich, and Anhui Wanwei Group Co., Ltd.
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