Thursday 9 November 2017

Polyvinyl Alcohol (PVA) Market Is Expected To Reach USD 1.21 Billion By 2025 : Grand View Research

The global polyvinyl alcohol (PVA) market is set to achieve around USD 1.21 billion by 2025. PVA is a colorless, odourless, and tasteless water soluble synthetic polymer and is resistant to oil, gasoline, and other hydrocarbons. It is a key element used in several end-use industries including food and beverages, medicine, packaging, construction, textiles, coating, fibers, films, paper, printing, and electronics. PVA is classified into two: partially and fully hydrolyzed. The former is used in foods. 

PVA is mainly used as a moisture barrier for dry food and food supplement tablets. These products are required to be protected from oxygen, moisture, and other environmental components. PVA helps retain texture, taste, and quality of food products. It is used in confectionery products to preserve the integrity of moisture-sensitive elements.

Various biodegradable packaging resources have been researched in the recent past. In addition, renewable and natural polymers are being tested to improve biodegradation capabilities of various PVA-based products. PVA material is widely used due to its biodegradability in several microbial environments.

According to a report by Grand View Research, Inc., the global polyvinyl alcohol (PVA) market is predicted to gain prominence due to growing demand for biobased PVA products over the forecast period (2014 to 2025). PVA presents significant demand in the food and beverage industry due to its advantageous qualities such as water solubility, barrier to oxygen, and biodegradability. Development of biocompatible and nontoxic packaging techniques in this sector is projected to further propel market growth. PVA is also used in construction owing to properties such as better water solubility, adsorption capacity, static filtration of cement slurries, and cement pore solution viscosity.

Asia Pacific was accounted as the largest market in terms of volume in 2016, and anticipated grow at a CAGR of 5.5 % from 2017 to 2025. The North America in terms of volume is projected to grow at a CAGR of 5.1% over the forecast period (2014 to 2025).

Some of the prominent players operating in the market are Nippon Synthetic Chemical Industry Co, Sekisui Chemical Co. Ltd, E. I. du Pont de Nemours and Company, and Eastman Chemical Company.

In-Depth research report on Collagen Market:
http://www.grandviewresearch.com/industry-analysis/polyvinyl-alcohol-market

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