The Global Polyvinyl Alcohol (PVA) Market
anticipated at a higher CAGR in the forecast period. Polyvinyl alcohol (PVA) is
a polymer of great deal due to its desirable characteristics particularly for
biomedical and pharmaceutical applications. Ideally, it has a relatively simple
chemical structure possessing a pendant hydroxyl group. Vinyl alcohol, a
monomer does not occur in a stable form reorganizing to acetaldehyde. Hence,
PVA is produced by polymerization of PVAc to PVA. The hydrolysis reaction does
not end up in completion resulting in polymers with a specific degree of
hydrolysis depending on intensity and extent of reaction.
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With the rise in commercial
significance PVA, a synthetic water-soluble polymer is a primary ingredient use
in formulation across varied verticals. End-use industries comprise food
packaging, electronics, coatings, textile, cosmetics and paper. Driving factors
responsible for the growth of polyvinyl alcohol (PVA) market includes rising
health concerns arising out of waste disposal of products coupled with
stringent norms and regulations by government pertaining to the use of
packaging materials. Other factors such as boom in hospitality sector such as
resorts, hotels, amphitheatres, etc., have contributed further to the growth of
the market in the forthcoming period. Segmentation based on end-use, the polyvinyl
alcohol (PVA) industry includes food packaging, paper, construction and
electronics.
Geographical segmentation for
polyvinyl alcohol (PVA) market includes North America, South America, Europe,
Asia-Pacific, Middle-East and Africa. APAC market lead the global market owing
to rising demand for PVA from various end-use sectors, particularly paper which
is expected to stimulate the market growth in the forecast period. North
American polyvinyl alcohol (PVA) industry is expected to witness a moderate growth
in the upcoming years due to rise in innovative packaging, safety, convenience,
sustainability and technology. The key players in the polyvinyl alcohol (PVA)
market include E.I. Du Pont de Nemours and Company, Nippon Synthetic Chemical
Industry Co, Sekisui Chemical Co Ltd, Eastman Chemical Company, Sinopec Sichuan
Vinylon, Kuraray Co Ltd and Anhui Wanwei Group Co Ltd.
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