Polyvinyl Alcohol Fiber Market Overview
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The report provided to the clients is the up to date information about the facts and the figures about the global polyvinyl alcohol fibre market. The report has both the industry aspect, including the qualitative and the quantitative analysis, plus a five-year forecast report 2018-2023 is also provided to all the clients. The discussion covers everything that a company would look for. This includes the indicators and the factors that govern the market presently and would most likely do in the future. The report also discusses different types of fibres and the critical areas of application that govern the market size.
Value Chain Analysis
Employing a fail-safe methodology and ensuring that the clients get the best of it has always been the motto. The insights are gathered, and both the primary and the secondary research models are prepared, facilitating the polyvinyl alcohol fiber market analysis at the micro and the macro levels. The findings are highly accurate, and the projections that are delivered are high end. Moreover, all the facts and figures and other pieces of information are taken from reliable sources. The reports include the annual reports, white papers and much more. Transparency has always been on the top of the list—the evaluation process, which is multi-layered and is segregated into good and bad data.
The Polyvinyl alcohol fibre market is segmented based on type, application and region.
The segment that rules the Polyvinyl Alcohol Fiber Industry is the construction segment which holds the highest share. During the forecast 2018-2023, the polyvinyl alcohol fiber market share of this segment is expected to have a CAGR of 4.43% and a market valuation of USD 172.16 Mn. Urbanisation and increasing population globally have led to growth in fibre demand in the construction sector. The polyvinyl alcohol fiber market size in the textile and apparel segment is expected to touch the mark of USD 92.74 Mn by 2023.
The PVA market is divided into four major regions namely Europe, Asia, North America and the rest of the world.
The region that dominates the global PVA fiber market is Asia. It leads the market not just in terms of volume but also value. It has also been expected that Asia's dominance in the polyvinyl alcohol industry would continue for a very long period. The significant factors that have played a pivotal role in making Asia a dominant region are rapid urbanisation and the industrialisation of the countries. This has led to increasing demand for fiber for construction and the textile industries. It has also been estimated that Asia would witness a CAGR of 5.33% during the forecast period 2018-2023. also, according to the reports, the Asian PVA market would have a valuation of around 190, thereby increasing the polyvinyl alcohol fiber market share
The region that follows next is Europe due to increase in the demand for the fiber in textiles and urbanisation. The North American region is experiencing a slow rate of growth because most of the parts of the region are already developed and urbanisation is not as fast.
The reports provided to the clients have in-depth insights into the market analysis, and the assessment of the current market position is also made available to the clients. Information that includes the SWOT analysis, new product launch, geographical income, segmental share ns much more aspects are included in the reports.
Some major players in the polyvinyl alcohol fibre market are Hunan Xiangwei Co., Ltd., UNITIKA LTD., MiniFIBERS, Inc., Bowling Chemical Co., Sinopec Sichuan Vinylon Works, NYCON, Inner Mongolia Shuangxin Environment-Friendly Material Co., Ltd., KURARAY CO., LTD., Ningxia Dadi Circular Development Corp. Ltd, Anhui Wanwei Group.
All the key players in the market have been working towards bringing sustainable growth in the market with planned strategies.
Recent developments in the market are:
With the valuation of USD 322.45 Mn in the year 2017, the Global polyvinyl alcohol fibre market holds a promising future without a doubt. The increase in the CAGR at 4.05% during the 2018-2023 forecast period cannot be neglected. The widespread application in two significant industries, textile and construction, has made polyvinyl alcohol fiber market size bloom with growth over the past few years. The primary reason has been the increasing population and urbanisation across the globe. The demand for high-performance modulus polyvinyl alcohol (PVA) fibre is increasing every day. In the paper and textile industry, water-soluble PVA fibre is getting in more need.
With the endless scopes, especially in the developing nations, the demand-supply graph is rising too. Polyvinyl alcohol fiber properties like high modulus elasticity, it is the first choice to prevent cracking the materials. It is gaining popularity in various sectors with their beautiful properties.
|Market Size||2030 : Significant Value|
|Forecast Period||2021 to 2030|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material Type, Application and End-Use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Hunan Xiangwei Co., Ltd., UNITIKA LTD., MiniFIBERS, Inc., Bowling Chemical Co., Sinopec Sichuan Vinylon Works, NYCON, Inner Mongolia Shuangxin Environment-Friendly Material Co., Ltd., KURARAY CO., LTD., Ningxia Dadi Circular Development Corp. Ltd, Anhui Wanwei Group.|
|Key Market Opportunities||Polyvinyl alcohol market is on a rise with a quick yet steady speed.|
|Key Market Drivers||Rise in demand for cement in the construction industry & growth in use of PVA fiber in textile industry.|
The outlook of the global polyvinyl alcohol fiber market looks very promising.
Global polyvinyl alcohol fiber market is projected to expand at 3.39% CAGR during the review period (2021-2030).
By type, the high strength modulus segment and by applications, the construction segment account for leading shares in the global polyvinyl alcohol fiber market.
Asia Pacific holds the largest share in the global Polyvinyl alcohol fiber market, followed by North America and Europe, respectively.
UNITIKA LTD., Bouling Chemical Co., Limited, NYCON, KURARAY CO., LTD., Anhui Wanwei Group, Ningxia Dadi Circular Development Corp. Ltd, Hunan Xiangwei Co., Ltd., Inner Mongolia Shuangxin Environment-Friendly Material Co., Ltd., Sinopec Sichuan Vinylon Works, and MiniFIBERS, Inc., are some of the major players operating in the polyvinyl alcohol fiber market.
The global polyvinyl alcohol fiber market has a promising future.
Global Polyvinyl alcohol fiber Market: Competitive Landscape
Some of the major players operating in the global polyvinyl alcohol fiber market are Kuraray Co., Ltd. (Japan), Nycon (US), Anhui Wanwei Group (China), Sinopec Sichuan Vinylon Works(China), Hunan Xiangwei Co., Ltd.(China), Inner Mongolia Shuangxin Environment-Friendly Material Co., Ltd.(China) , BouLing Chemical Co., Limited (China), Ningxia Dadi Circular Development Corp. Ltd.(China), and MiniFIBERS, Inc.(US).
Kuraray Co., Ltd. (Japan), Hunan Xiangwei Co., Ltd. (China), Anhui Wanwei Group (China), BouLing Chemical Co., Limited (China), and MiniFIBERS, Inc. (US) collectively holds the largest market share of the global polyvinyl alcohol fiber market. There is intense competition among these players to capture the largest market share in the global market. These players are implementing various strategies such as capacity expansions, supply/distribution agreements, mergers & acquisitions, investments, product launches, and joint ventures to maintain their market dominance and increase global presence. Among them, product launch was the most widely used growth strategies in 2017.
Kuraray Co., Ltd. (Kuraray) is the leading producer and innovator of polyvinyl alcohol fiber products. The company operates through six major business segments—vinyl acetate, isoprene, functional materials, fibers and textiles, trading, and others. In July 2016, Kuraray Europe GmbH launched two new PVA fiber grades, enhancing its product range. This product launch was carried out to strengthen its position in global market and meet the increasing demand for polyvinyl alcohol fiber products.
Hunan Xiangwei Co., Ltd., specializes in PVA and methyl acetate, and deals in the production of textiles and building materials. In March 2015, launched a trial PVA fiber in association with a paper mill in Guangdong, China, the results of which were positive, offering Xiangwei opportunities in the paper industry. In January 2015, the company launched a targeted cooperation project with a real estate company in Huaihua city to check the anti-crack effect of PVA used in cement mortar. This experiment was carried out to determine the optimal amount of PVA in cement mortar. This product launch and merger was done to cater the growing demand for polyvinyl alcohol fiber products and increase their market share in the global market.
Anhui Wanwei Group manufactures chemicals, fiber, and new materials in Anhui Province, China. The company offers a broad range of products including PVA fiber, high strength and high modulus (HSHM) PVA fiber, polyester chips, redispersible polyvinyl acetate emulsion powder, acetic anhydride, polyvinyl acetate emulsion, and concrete blocks. The company is focused on the production of PVA and HSHM-PVA fiber. In 2012, Anhui Wanwei Group invented a new type of PVA fiber that prevents the cracking of concrete and was listed as a national new key product by the Government of China.
BouLing Chemical Co., Limited is among the leading polyvinyl alcohol fiber producers across the globe. It produces calcium carbide, vinyl acetate, PVA, and PVA fiber. The PVA produced by the company has won the National Best Silver Medal Award. The company intends to bring about constant innovation through the implementation of economic efficiency, science, and technology.
MiniFIBERS, Inc. provides a wide range of products from specialty extruded yarns to precision cut fibers, synthetic pulps, tolling services, and custom finishing and packaging. The company produces precision-cut PVA fibre. It also offers toll fiber cutting for yarn and tow manufacturers, packaging the fiber to specification. The company is ISO certified and has won the Tennessee Quality Award in 2016. It is constantly aiming to remain a supplier of top-quality products by producing cutting-edge technology.