ID: MRFR/CnM/4364-CR | September 2022 | Region: Global | 100 Pages
The Polyvinyl Alcohol (PVA) Market is estimated to acquire a market value of USD 1,986.3 Million while expanding at a CAGR of 4.76% by 2030.
$1,986.3 Million
4.76%
Asia Pacific
2022 - 2030
The global polyvinyl alcohol market is projected to witness significant growth during the forecast period, 2022–2030. In 2020, the global market was valued at USD XX. This number is expected to reach USD XX, with a XX% CAGR by the end of 2030. In terms of volume, the global market was sized at XXtons in 2021 and is expected to reach XXtons and exhibit a XX% CAGR by the end of 2030. The surging demand for polyvinyl alcohol in the packaging and textile industry is primarily driving the global polyvinyl alcohol market.
Polyvinyl alcohol (PVA) is produced by polymerization of vinyl acetate monomer followed by hydrolysis. PVA finds application in various end-use industries such as packaging, paper, textile, construction, electronics, and medical. Polyvinyl alcohol exhibits resistance to moisture and, therefore, is predominantly used in food packaging. Due to high water solubility and biodegradability, PVA has increasingly been used in the packaging, textile, and medical industry.
COVID-19 Impact on the polyvinyl alcohol    Market:
For all business sectors around the world, the coronavirus pandemic has produced a health problem as well as a difficult situation. During this pandemic, many national governments have provided guidelines to perform a clinical trial, perceiving the objective of the value of patient safety and protecting the credibility of the trial. To maintain the impact of the pandemic, the guidelines identified the need to adjust the trial and suggested that the regulatory agencies be flexible in the composition of the protocol adjustments. The bio-pharma industries have shifted their attention to developing vaccines and therapies for Covid-19 and the pressure of the crisis on medical centers worldwide. There was concern about the effect on the global economy of a U.S.-China trade war, the US presidential election, and Brexit in 2019. Therefore, the IMF had projected modest global growth of almost 3.4%, but Covid-19 suddenly modified the outlook. In terms of financial turnover, the clinical trial industry has increased further; for example, in India, the clinical trials industry has grown by 100 times at nearly 1414 percent annually between 2003 and 2010. Most industries accept that the guidance is a framework for drug developers to move dynamically forward and respond to trial changes, and to tackle the unusual challenges with independence. Clinical trials with the following features are likely to be delayed due to the COVID-19, which are patient groups, indications, type of endpoint, phases of the trial, locations of trial sites, size of the trial, and mechanism of action of therapy.
Moreover, due to the rapid spread of the COVID-19 pandemic across the globe, majorly in the US, Brazil, India, Russia, and other European countries, the number of clinical trials is increasing. All the countries are actively involved in the development of vaccines for Covid-19. Thus, the growth in the clinical trial market is expected to witness lucrative growth in the pandemic period.The novel Covid-19 disease is wreaking havoc on the chemical industry. The demand for chemicals is soaring across end industries, stock prices of numerous chemical businesses are plunging, and global supply systems are being disrupted. The automotive and transportation, construction, and consumer products industries are among the hardest hit end markets, with chemical demand down by more than 30%. In contrast, demand for pharmaceutical, food additives, and cleaning products is at an all-time high, with chemical businesses involved reporting record outbound quantities.
Market Dynamics
Segmentation
By Type
By End Use Industry
By Region
Regional Analysis
In North America, The US is the leading country in the region owing to the increasing consumption in textile raw materials, fabrics, apparel, yarns, and home furnishings, apart from other textile finished products. The textile industry in the US is the fourth largest exporter of textile related products and is focusing on technological advancement through investment, retooling, upgradation, adoption of lucrative technologies, and cost reduction. In Europe market is mainly driven by paper, textile, and food packaging industry. The European market is followed by North America market in polyvinyl alcohol market. The growth in the Asia pacific market is expanding in these regions due to the rising demand for products requiring water-soluble applications, such as detergents and agrochemical packaging. The market is expected to witness a booming period in the forecast period owing to changing lifestyles, increasing per capita incomes, and rising urbanisation. China, India, Uzbekistan, Brazil, Japan, South Korea, Thailand, Vietnam, Iran, etc., are some major countries in the region for the market. Latin America is expected to show moderate growth in the market due to social and economic instability in the region.The Latin American market is divided into Brazil, Peru, and Argentina are the major contributors in the region. In Middle East and Africa, due to political turmoil and ecomic instability growth in this region is expected to be moderate over the forecast period. However, improving conditions are anticipated to provide healthy growth opportunities to over mid term and longterm forecast.
Competitive Landscape
In the competitive landscape, the report analyses the degree of competition among the industry players as well as industry growth and market scenario. The global polyvinyl alcohol market is at a growing stage, representing moderate stats in terms of market value and overall volume. Over the past few years, the polyvinyl alcohol market has witnessed a healthy demand from various end use applications such as food packaging, textile, paper, medical, construction, and electronics. Nevertheless, the degree of competition among the market players is still less due to limited market players across the globe. The global market for polyvinyl alcohol is fragmented. The players in the market are adopting various strategies such as partnerships, joint ventures, and product launches, which in turn propels market growth.
KURARAY CO., LTD. (Japan), The Nippon Synthetic Chemical Industry Co., Ltd. (Japan), Sekisui Chemical Co., Ltd. (Japan), Merck KGaA (Germany), OCI Company Ltd. (South Korea), Anhui Wanwei Group Co., Ltd. (China), Chang Chun Group (Taiwan), Japan Vam & Poval Co., Ltd. (Japan), and China Petroleum & Chemical Corporation (China) are the major shareholders in the global polyvinyl alcohol market.
Some of the key developments include:
Report Overview:
The polyvinyl alcohol market is segmented by type, end use industry and region in the report. In terms of insights, this report has focused on various levels of analysis such as market dynamics, value chain analysis, Porter's five forces, competitive landscape, and company profiles—all of which comprise and discuss views on the global polyvinyl alcohol    emerging and fast-growing segments, regions, and countries.
Objectives of the Study
Intended Audience
Report Attribute/Metric | Details |
---|---|
Market Size | 2030: XX million |
CAGR | XX% CAGR (2022-2030) |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2019 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type and End Use industry |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | KURARAY CO., LTD. (Japan), The Nippon Synthetic Chemical Industry Co., Ltd. (Japan), Sekisui Chemical Co., Ltd. (Japan), Merck KGaA (Germany), OCI Company Ltd. (South Korea), Anhui Wanwei Group Co., Ltd. (China), Chang Chun Group (Taiwan), Japan Vam & Poval Co., Ltd. (Japan), and China Petroleum & Chemical Corporation (China) |
Key Market Opportunities | Growing construction activities across the globe |
Key Market Drivers | Increasing demand for sustainable packaging |
The global polyvinyl alcohol market would register a growth of XX%.
Textile Industries
Volatile raw material prices