Market Research Report
Polyvinyl Alcohol (PVA) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||975997|
|Published||Content info||144 Pages
Delivery time: 2-3 business days
|Polyvinyl Alcohol (PVA) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: December 5, 2020||Content info: 144 Pages||
The global polyvinyl alcohol (PVA) market grew at a CAGR of around 6% during 2014-2019. Polyvinyl alcohol (PVA) refers to a water-soluble synthetic polymer. It is commercially produced through polyvinyl acetate and is commonly available in the forms of partially and fully hydrolyzed PVA. These variants exhibit high biodegradability and resistance to grease, oils and odors and are used for film forming and emulsifying. They are odorless, tasteless, translucent and are commonly used as a moisture barrier in pharmaceutical products, such as medicines and supplements. PVA is further used to manufacture paper and board coatings, water-soluble films, release liners and sacrificial coatings. As a result, it finds extensive applications in the paper industry, food packaging, construction, electronics, coatings, printing, textile and cosmetics.
Significant growth in the food and beverage industry across the globe, along with the increasing demand for biodegradable synthetic polymers for packaging solutions, represents one of the key factors creating a positive outlook for the market. PVA is extensively used as a binding and coating agent in food packaging materials, due to its non-toxic and moisture and air barrier properties. Furthermore, widespread adoption of PVA for the manufacturing of water-soluble and disposable packaging for detergents, dyes and agricultural products is also driving the market growth. It can also be turned into solid sheets, tapes or strings to create a mesh-type stocking for fishing and marine activities. Additionally, various product innovations, such as the development of PVA-based bio composite films, are acting as other major growth-inducing factors. These films have higher biodegradability, water absorption and filler loading capacities. Other factors, including rapid industrialization, especially in the developing economies, along with extensive research and development (R&D) activities, are anticipated to drive the market further. Looking forward, IMARC Group expects the global polyvinyl alcohol (PVA) market to continue its moderate growth during the next five years.