Polyvinyl Alcohol (PVA) Market Size (2024 - 2029)

The polyvinyl alcohol market is experiencing growth driven by its increasing application in the construction and food packaging industries, despite challenges posed by hazardous health effects during its manufacturing. The market's expansion is further supported by opportunities in the electronics sector, particularly in the production of devices requiring high dielectric permittivity. The Asia-Pacific region leads in market consumption, with significant activity in countries like India and China.

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Market Size of Polyvinyl Alcohol (PVA) Industry

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Polyvinyl Alcohol (PVA) Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Polyvinyl Alcohol (PVA) Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Polyvinyl Alcohol (PVA) Market Analysis

The Polyvinyl Alcohol (PVA) Market is projected to register a CAGR of over 6% during the forecast period.

The market was impacted by the COVID-19 outbreak in 2020. Polyvinyl alcohol is used in co-binder, optical brightener, and precise sizing at the press while manufacturing paper. The paper manufacturing sector was negatively affected due to the pandemic; considering the demand drop from various paper-consuming segments like newspapers, thus the market demand also decreased. However, the increasing packaging usage in the food industry significantly increased, stimulating the need for the polyvinyl alcohol market.

  • Over the short term, increasing usage in the construction industry materials, including caulks and sealants, joint compounds like joint cement and drywall mud, and dispersible powders such as grouts and mortars, coupled with the expanding food packaging industry are expected to drive the market's growth.
  • Hazardous health effects while manufacturing polyvinyl alcohol is hindering the market's growth.
  • The growing opportunity in the electronics sector for manufacturing devices like a transistor, which needs high dielectric permittivity, is likely to act as an opportunity for the market in the coming years.
  • Asia-Pacific dominated the global market, with the most significant consumption in countries such as India, China, etc.

Polyvinyl Alcohol (PVA) Industry Segmentation

Polyvinyl alcohol (PVA) is a colorless, hydrophilic water-soluble synthetic polymer and poses effective film-forming and adhesive properties. It is manufactured by polymerizing vinyl acetate monomer, followed by hydrolysis, and finds its application in various end-user industries like paper, food packaging, textiles, etc. The polyvinyl alcohol (PVA) market is segmented by grade, end user, and geography. The market is segmented by grade: fully hydrolyzed, partially hydrolyzed, sub-partially hydrolyzed, low foaming grades, and other grades. By end user, the market is segmented into food packaging, paper manufacturing, construction, electronics, textile manufacturing, and other end users. The report also covers the market size and forecasts for the polyvinyl alcohol market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on value (USD million).

Grade
Fully Hydrolyzed
Partially Hydrolyzed
Sub-partially Hydrolyzed
Low Foaming Grades
Other Grades (Tactified Grades and Fine Particle Grades)
End User
Food Packaging
Paper Manufacturing
Construction
Electronics
Textile Manufacturing
Other End User Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Polyvinyl Alcohol (PVA) Market Size Summary

The polyvinyl alcohol (PVA) market is poised for significant growth, driven by its diverse applications across various industries. Initially impacted by the COVID-19 pandemic, which led to a decline in demand from the paper manufacturing sector, the market has rebounded due to increased demand in the food packaging industry. PVA's role as a binding and coating agent in food packaging, providing moisture and oxygen barrier properties, has been crucial in meeting the rising consumer demand for sustainable and convenient packaging solutions. The construction industry also contributes to market expansion, with PVA being used in materials such as caulks, sealants, and dispersible powders. However, health hazards associated with PVA manufacturing pose challenges to market growth. Opportunities in the electronics sector, particularly in the production of high-dielectric permittivity devices, are expected to further bolster market prospects.

Regionally, Asia-Pacific dominates the global PVA market, with China leading due to its robust construction and textile industries. The country's significant textile production and export activities have enhanced PVA demand, despite challenges like high labor costs and global protectionism. The Chinese food packaging industry is also experiencing growth, driven by increased health consciousness and a rising middle class. The market's fragmented nature sees key players like Sekisui Chemical Co. Ltd, Mitsubishi Chemical Corporation, and Kuraray Europe GmbH actively expanding their capacities and market presence. These developments, coupled with the growing emphasis on recyclable and sustainable packaging, are expected to significantly impact the PVA market in the coming years.

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Polyvinyl Alcohol (PVA) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Use in the Construction Industry

      2. 1.1.2 Growing Food Packaging Industry

    2. 1.2 Restraints

      1. 1.2.1 Hazardous Health Effects While Manufacturing

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Grade

      1. 2.1.1 Fully Hydrolyzed

      2. 2.1.2 Partially Hydrolyzed

      3. 2.1.3 Sub-partially Hydrolyzed

      4. 2.1.4 Low Foaming Grades

      5. 2.1.5 Other Grades (Tactified Grades and Fine Particle Grades)

    2. 2.2 End User

      1. 2.2.1 Food Packaging

      2. 2.2.2 Paper Manufacturing

      3. 2.2.3 Construction

      4. 2.2.4 Electronics

      5. 2.2.5 Textile Manufacturing

      6. 2.2.6 Other End User Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Polyvinyl Alcohol (PVA) Market Size FAQs

The Polyvinyl Alcohol (PVA) Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Sekisui Chemical Co. Ltd , SNP, Inc., Merck KGaA, Kuraray Europe GmbH and Mitsubishi Chemical Corporation are the major companies operating in the Polyvinyl Alcohol (PVA) Market.

Polyvinyl Alcohol Market Report Snapshots

Polyvinyl Alcohol Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)