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US Polyvinyl Alcohol Fiber Market Research Report Information By Application (Textile and Apparel, Filter and Non-woven, Ropes and Fishing Nets, Construction and Paper), By Type (Water-soluble Fiber and High Strength Modulus Fiber) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) โ€“Market Forecast Till 2032

ID: MRFR/CnM/11455-US | 100 Pages | Author: MRFR Research Team| December 2023
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In 2017, the United States played a major role in the global polyvinyl alcohol fiber market, making up a significant share of 69.71%. To put it simply, almost 70% of the entire market for this type of fiber was contributed by the United States. In terms of quantity, the U.S. produced about 20.11 thousand tons of this fiber in 2017. Looking ahead, the U.S. market is expected to keep growing, and it's projected to have the highest Compound Annual Growth Rate (CAGR) of 2.29% from 2018 to 2023. This indicates that the demand for polyvinyl alcohol fiber is on the rise in the United States, and the market is expected to expand at a relatively fast pace over the coming years.
Canada also had a notable presence in the global market, although it was not as dominant as the United States. Canada accounted for a share of 30.29% in 2017, making it the second-largest segment in the global polyvinyl alcohol fiber market. In terms of quantity, Canada produced around 8.74 thousand tons of this fiber in 2017. Looking forward, Canada's market is projected to grow at a CAGR of 1.74%. This suggests a steady growth trajectory for Canada in the polyvinyl alcohol fiber market, although not as rapid as the growth anticipated in the United States.
Understanding these numbers provides insight into the geographical distribution of the demand for polyvinyl alcohol fiber. The dominance of the United States in the market indicates a high level of consumption and a robust industry for this type of fiber in the country. The growth projections for both the U.S. and Canada suggest that the North American region will continue to play a significant role in the global market, with increasing demand and production anticipated in the years to come. These figures are not just about tons of fiber but represent economic activity, industrial development, and the evolving landscape of material usage in these countries.

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