-- The global Polyvinyl alcohol market was valued at US$ 1.44 Bn in 2018 and expected to reach US$ 1.78 Bn by the end of the forecast period, growing at a CAGR of 4.09% during the period from 2018 to 2023. In terms of volume, global market was at 199.5 KT in 2018 and projected to reach 252.5 KT by 2023 at a CAGR of 6.3%.
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The key players in this market are Spectrum Chemical Manufacturing, The Nippon Synthetic Chemical Industry, SEKISUI CHEMICAL, DuPont, Polysciences, Anhui Wanwei, Polychem, Aldon, BASF, JAPAN VAM & POVAL, Sigma-Aldrich, KURARAY, Carst & Walker, and others.
Polyvinyl alcohol is considered as an environment-friendly resource. It is a water-soluble product and a petroleum-based biodegradable polymer. The global market is cited to experience a CAGR of more than 4%, which after several analysis by the experts, is considered a lethargic, yet steady growth. The market estimation for the polyvinyl alcohol market is to rise above $1 billion 2023. The processed food industry can be considered one of the market drivers. The alteration in consumer behaviour and the growth of the processed food industry are anticipated to drive the growth of the global Polyvinyl alcohol market. The rising demand for fast food is encouragingly inducing the global Polyvinyl alcohol market, as it has low-weight packaging, improved water solubility, and biodegradable properties.
The development of the processed food industry is one of the main trends that will attract traction for the polyvinyl alcohol films market in the coming years. There is an increasing inclination for expediency food among consumers. The whole world is currently going after reducing and avoiding the products that are harmful and non-degradable. Also, the food & beverage industry is going for biodegradable plastics so that it can meet the high demand for ecological packaging in a global consumer-centric surrounding. Polyvinyl alcohol has appeared as the key choice in manufacturing viable packaging due it’s remarkable oxygen barrier properties, water soluble characteristics, and biodegradability.
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The global market for Polyvinyl Alcohol is projected to witness a double-digit growth in the coming years until 2023. Much of this development is attributed to the rising penetration of internet services worldwide. More than 3.5 Bn users were recorded across the globe in 2018, and most of them were based in South and East Asia. China is considered to be the largest market for internet services across the globe. China had an excess of 750 Mn internet users, which is more than double the number of internet users in the United States. India is ranked second in terms of the number of internet users. In addition, rising demand for wearable and connected devices among consumers is another major factor pushing market growth at present.
Asia Pacific is anticipated to surpass North America in terms of revenue growth in the coming years, the growth of which will be majorly attributed to the improving IT infrastructure, rising spending capacity of the consumers and rising adoption of wearable devices among consumer.
Recent Developments in the Market:
Polyvinyl Alcohol: In May 2018 Development and blood compatibility assessment of electrospun polyvinyl alcohol blended with metallocene polyethylene and plectranthus amboinicus (PVA/mPE/PA) for bone tissue engineering the ready nanocomposites unveiled better physio-chemical properties, enough porosity, mechanical strength, and blood compatibility, that errands it as a beneficial candidate in bone tissue engineering for fixing the bone defects.
Sekisui Specialty Chemicals: In Feb 2018 Sekisui Specialty Chemicals Announces Regional Price Increase Sekisui is dedicated to delivering the customers with superior products meeting their requirements. Though, raw material prices have swiftly escalated to all-time elevated limits, requiring a rise to help recover as product margins are not viable in the current environment.
Key Questions Answered into the Report:
• What is the market value and volume of the overall market and segments?
• What are the key segments and sub-segments in the market?
• Which is the largest sub-segment in each segment in the scope of the study?
• What are the key drivers, restraints, opportunities and challenges in the market and how are they expected to impact the market?
• What are the attractive segments and geographies to invest in?
• What is the market value and volume at the regional and country level?
• Who are the key market players and their key competitors?
• Who are the key market players at different stages of the value chain?
• What are the strategies for growth adopted by the key players in the market?
• How does a particular company rank against its competitors with respect to revenue, profit comparison, operational efficiency, cost competitiveness and market capitalization?
• How financially strong are the key players in the market (revenue and profit margin, market capitalization, expenditure analysis, investment analysis)?
• What are the recent trends in the market? (M&A, partnerships, new product developments, expansions)
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Related Reports on Polyvinyl Alcohol Market:
Global Polyvinyl Alcohol Market Summary Report
Global Polyvinyl Alcohol Market Segmentation Report
Global Polyvinyl Alcohol Market Regional Report
Global Polyvinyl Alcohol Market Competitive Intelligence & Company Profiles Report
Global Polyvinyl Alcohol Market Statbook
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