Market Size of Polyvinyl Alcohol (PVA) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
