Overview of the global polyvinyl alcohol (PVA) market
According to Technavio’s polyvinyl alcohol market outlook, the rising demand for convenience and biodegradable packaging will be one of the major factors that will have a positive impact on the growth of the global polyvinyl alcohol (PVA) market till 2021. With the shift in the preference of customers several manufacturers are focusing on introducing disposable packaging products made of biodegradable materials. Owing to their properties such as moisture resistance and biodegradability in a microbial environment, there is a rising demand for improved biodegradable packaging materials. With the rise in the adoption of convenience biodegradable packaging there is a high demand for these materials especially in the food and beverage industry. This will drive the demand for PVA during the forecast period. Our market research analysts predict that this market will grow at a CAGR of more than 3% by 2021.
The rising awareness of green building constructions is one of the key polyvinyl alcohol market trend that will gain traction in the coming years. Owing to the need for eco-friendliness, improving energy efficiency, and reducing the emission of CO2, there is an increase in the demand for green building constructions. Moreover, the tax benefits offered by governments across the globe also result in a rise in the construction of green buildings. Since wood is one of the most energy-efficient building materials, there will be a rapid increase in the demand for wood and this will in turn, boost the demand for PVA during the forecast period.
What's your takeaway?
Technavio's industry research report on the global polyvinyl alcohol market 2017-2021 will help you-
Identify latent opportunities and explorative solutions in the polyvinyl alcohol market
Identify your key competition, and what's making them tick?
Help you build a comprehensive marketing plan, applicable across 50+ countries
The PVA market consists of major vendors spread widely in the APAC region. The companies are extending their product range with rising investments in R&D activities. The competitive environment between the polyvinyl alcohol manufacturers will grow further during the forecast period as vendors are competing on factors such as the cost of production, innovation in products, price, operational cost, R&D cost, and product quality.
The leading vendors in the market are –
The Nippon Synthetic Chemical Industry
The other prominent vendors in the market are Anhui Wanwei, Aldon, BASF, Carst & Walker, JAPAN VAM & POVAL, KURARAY, Polychem, Polysciences, Spectrum Chemical Manufacturing, and SNP.
Segmentation by end-user and analysis of the PVA market
During 2016, the food packaging segment accounted for the major shares of the PVA market. Factors such as the water vapor permeability, antimicrobial activity, good crosslinking density, thermal stability, and moisture resistance of the PVA will contribute to the growth of this industry segment in the coming years.
Geographical segmentation and analysis of the PVA market
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the PVA market throughout the forecast period. The increasing application of PVA in the industries such as packaging, construction, and paper and high economic growth will drive the market growth in the region.
Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global polyvinyl alcohol (PVA) market?
What are the key market trends impacting the growth of the global polyvinyl alcohol (PVA) market??
What are the challenges to market growth?
Who are the key vendors in the global polyvinyl alcohol (PVA) market?
What are the market opportunities and threats faced by the vendors in the global polyvinyl alcohol (PVA) market?
Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
What are the key outcomes of the five forces analysis of the global polyvinyl alcohol (PVA) market?
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