Polyvinyl Alcohol Fiber Market Research Report ‚Äď Global Forecast till 2030

Polyvinyl Alcohol Fiber Market: By Type (High Strength Modulus Fiber and Water Soluble Fiber), By Application (Construction, Ropes and Fishing Nets, Textile and Apparel, Paper Filter and non-woven and Others) and By Region - Global Forecast Till - 2030

ID: MRFR/CnM/5823-CR | 125 Pages | Author: Priya Nagrale | January 2019         

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Polyvinyl Alcohol Fiber Market Overview

The reports have projected that the polyvinyl alcohol fibre market would reach a CAGR of 3.39% in terms of production in the forecast of 2021-2030. In the year 2017, almost 145 thousand tons of PVA fibre was supplied across the world. While there has been an increase in the fibres' demand, the suppliers have ensured they keep a thorough check on the excellent manufacturing. It is one of the primary elements used in the process of reinforcement of ECC or engineered cementitious composites mainly because of Polyvinyl alcohol fibre properties. If the two main sectors are considered to boost the PVA market, these would be the textile industry and the construction sector. The fibre is used as an essential component in both sectors. In other words, the two drives would rather be incomplete without the fibre. Asia has emerged as the largest market for PVA because of the high demand in both sectors mentioned above. The polyvinyl alcohol market is on a rise with a quick yet steady speed.

COVID-19 Analysis:

No one would have ever thought about the life everyone across the globe has been living since the outbreak of this deadly virus. Not just the individuals, but this all has impacted the business to a great extent. This has made all the business, big or small, suffer when looking for guidance to get back the track as soon as possible. Proper strategies and their implementation is required at the earliest. Things will take time to get back to normal, and that would need mentorship that has expertise and knowledge.

The in-depth reports, which include everything from scratch, would help the companies to catch up with the fast-moving world at the earliest. Not only this, but also the current situation of the market and the measures taken by the competitors to combat the loss is also featured in the reports. This enables the business to analyse where they stand at the moment and take necessary actions to get back to the normal.

Market Dynamics:

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.Segment Overview:The Polyvinyl alcohol fibre market is segmented based on type, application and region.

  • By type: The market is divided into water-soluble fibre and high strength modulus fibre. In the year 2017, the market share for high strength modulus fibre was around 57.45%. The segment's present polyvinyl alcohol fibre market valuation is USD 18 and is expected to reach a CAGR of 5.01% during the review period. While it is considered the best substitute for asbestos, it has high demand in the construction sector because of its usage as cement reinforcement material.

  • By application: The PVA market is divided into the following based on application:

  • textile and apparel

  • filter and non-woven

  • ropes and fishing nets

  • construction

  • paper

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.

Regional Analysis

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.

Competitive Landscape

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

Recent developments in the market are:

  • Increasing demand in the construction sector due to urbanisation.

  • The fibre's property to provide elasticity and non-cracking properties has made it popular in many sectors.

  • Two new PVA fibre grades have been launched, which has strengthened the market to a great extent.

  • The Paper industry uses fibre too, which has also made its market rise. Its property of tensile strength along with elasticity, is proving useful in various sectors.

  • The textile industry also uses fibers for various purposes. With the growth in the textile industry, especially in Asian countries, the demand for PVA has increased as well

Report Overview:

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.

Report Scope:

Report Attribute/Metric Details
  Market Size   2030 : Significant Value
  CAGR   CAGR 3.39%
  Base Year   2020
  Forecast Period   2021 to 2030
  Historical Data   2019
  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.

Frequently Asked Questions (FAQ) :

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.

Key Questions Answered

  • ✅ Global Market Outlook
  • ✅ In-depth analysis of global and regional trends
  • ✅ Analyze and identify the major players in the market, their market share, key developments, etc.
  • ✅ To understand the capability of the major players based on products offered, financials, and strategies.
  • ✅ Identify disrupting products, companies, and trends.
  • ✅ To identify opportunities in the market.
  • ✅ Analyze the key challenges in the market.
  • ✅ Analyze the regional penetration of players, products, and services in the market.
  • ✅ Comparison of major players‚Äô financial performance.
  • ✅ Evaluate strategies adopted by major players.
  • ✅ Recommendations
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