The global polyvinyl alcohol market size was USD 1.01 Billion in 2022 and is expected to reach USD 1.7 Billion in 2032, and register a revenue CAGR of 6% during the forecast period.
Polyvinyl alcohol (PVA) is a water-soluble polymer that has various industrial applications. The demand for PVA is driven by its unique properties such as biodegradability, water solubility, and film-forming ability.
The global PVA market is growing, driven by the increasing demand for PVA in various applications such as packaging, textiles, adhesives, and coatings. The growth in the packaging industry, particularly in emerging economies, is expected to drive the demand for PVA in the coming years.
The textile industry is another major consumer of PVA. PVA is used in textile sizing, which improves the weaving and finishing processes and enhances the fabric’s quality. The increasing demand for textiles in emerging economies is expected to drive the growth of the PVA market in the coming years.
PVA is also used in the adhesives and coatings industry due to its excellent adhesion and film-forming properties. The growth of the construction industry, particularly in developing economies, is expected to drive the demand for PVA in the adhesives and coatings industry.
Overall, the demand for PVA is expected to grow in the coming years due to its unique properties and increasing demand in various industries. The growth of the packaging, textile, adhesives, and coatings industries is expected to drive the growth of the global PVA market.
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Top Leading Players:
- Kuraray Co., Ltd.
- Sekisui Chemical Co., Ltd.
- DuPont de Nemours, Inc.
- OCI Company Ltd.
- Merkur Group
- Nippon Gohsei
- Chang Chun Petrochemical Co., Ltd.
- Polysciences, Inc.
- Anhui Wanwei Group Co., Ltd.
- Silurian Materials
- Unitika Ltd.
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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