Polyvinyl Alcohol Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2024-2030

Report Code: CMR 1247 Report Format: PDF + Excel

Polyvinyl Alcohol Market Overview

Polyvinyl alcohol market is forecast to reach $7.1 billion by 2030, after growing at a CAGR of 6.3% during 2024-2030. Polyvinyl alcohol (PVOH) is widely used in the construction industry due to its various properties such as enhanced water solubility and particle size, adsorption strength, the viscosity of cement porous solution and static cement slurry filtration. Construction is a diverse industry expected to experience robust growth due to the growing development of infrastructure in the Asia Pacific, particularly in China, India, and Japan. Further, it enhances the overall market demand for polyvinyl alcohol during the forecast period. One major trend in the PVA market is the increasing demand for water-soluble PVA films in packaging applications, particularly in the food industry. These films are widely used for packaging single-dose products such as detergents, dishwasher tablets, and pharmaceuticals, as they offer convenient and hygienic packaging solutions.

Another emerging trend is the growing adoption of PVA-based adhesives in the construction industry. PVA adhesives are valued for their strong bonding strength, low toxicity, and environmental friendliness, making them suitable for various applications such as woodwork, laminating, and paper bonding.

Furthermore, there is a rising interest in the development of bio-based PVA derived from renewable sources such as plant-based feedstocks. This trend is driven by the increasing focus on sustainability and reducing the environmental impact of polymer production.

Report Coverage

The “Polyvinyl alcohol market report – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Polyvinyl alcohol market.
By Product Type: Fully Hydrolized, Partially Hydrolized, Sub-Partially Hydrolized, Low Foaming Grades, Others.
By Application: Packaging, Papermaking & Processing, Building & Construction, Electronics, Textile, Medical, Personal Care and Others.
By Geography: North America, Asia-Pacific, Europe, Rest of World

Key Takeaways

• It is expected that increased need for bio-based polyvinyl alcohol products will be a key factor driving the global market over the forecast period.
• Sustainable product packaging is in high demand due to strict disposal regulations and declining availability of landfills. Several factors such as consumer base expansion cost-per-package rise, and sustainability in major markets such as the U.S., China, and India are driving demand for packaging in various applications.
• The segment is expected to be driven by the need for biocompatible and non-toxic packaging solutions in the food and beverage industry. Thin and water-resistant polyvinyl alcohol films of food grade are being produced to prevent the formation of moisture. Advantageous properties such as the good density of crosslinking and resistance to moisture are expected to increase further in the fuel segment.
• Growing use of adhesives in food packaging and growing use in solar generation is increasing the production of the vinyl acetate monomer.

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Application- Segment Analysis

The Building & Construction sector has been the primary market for polyvinyl alcohol for many years at a CAGR of 6.65%. To increase their cohesion and fluidic properties, polyvinyl alcohol is used as an additive in mortar and cement, reducing the drying time for the concrete surface. It increases the adaptability of the coating and avoids the chapping of concrete fabric. Because of the presence of emerging economies such as India, Indonesia, Vietnam and others in the region, the construction industry has seen strong growth in the Asia-Pacific region. The growing attractiveness of these markets has resulted in huge investments in these countries manufacturing and service sectors. This has further created demand for both commercials as well as residential infrastructures, owing to which the construction projects have increased over the years.

Geography - Segment Analysis

APAC dominated the polyvinyl alcohol market share with more than 44%, followed by North America and Europe. The Asia Pacific region is rising sharply as a result of rapid industrialization and construction sector growth. However, the growing trends in cosmetics packaging and food & beverage industries are also driving this region's growth. In addition, the increasing use by the packaging industry of biodegradable materials to prevent pollution also contributes to the increasing demand for polyvinyl alcohol. During the forecast period, the increasing innovation in packaging coupled with consumer demand for properties such as convenience, safety, technology, and sustainability is expected to fuel the demand for polyvinyl alcohol.

Drivers – Polyvinyl alcohol market

Usage in the Electronics Industry is Expected to Increase

Because of their potential to produce low cost, high volume and versatile electronics, organic field-effect transistors (OFETs) have been a hot topic for the past decade. Currently, polyvinyl alcohol is the most studied suspension polymerizations to be used as a dielectric material in organic thin-film transistors due to its versatility, low cost, water-soluble polymer, non-toxicity, high dielectric consistency, flexible hydrophilic network, low leakage current, good film properties and, most importantly, its high dielectric permittivity and high insulating properties. The most promising factor currently being used as a dielectric gate in OFET structures is polyvinyl alcohol. Thus, the usage of polyvinyl alcohol is expected to increase in the electronics industry during the forecast period.

Challenges – Polyvinyl alcohol market

Effect on human health

Nevertheless, the use of polyvinyl alcohol in different application segments have been limited by strict regulations. After exposure to polyvinyl alcohol and environmental safety, the National Institute for Occupational Safety and Health (NIOSH) has identified many preventive measures. Solid waste generation may affect human health, particularly children, who are more vulnerable to these hazardous pollutants. This could act as a dissuasive to the market for polyvinyl alcohol production.

 Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the polyvinyl alcohol market. In 2023, the market of polyvinyl alcohol has been consolidated by the top five players accounting for xx% of the share. Major players in the polyvinyl alcohol market are 
  1. Sekisui Chemical Co. Ltd.
  2. Kuraray Co. Ltd.
  3. Anhui Wanwei Group
  4. Astrra Chemicals
  5. SNP, Inc.
  6. Merck KGaA
  7. Mitsubishi Chemical Corporation
  8. Chang Chun Group
  9. Kanto Chemical Co.,Inc
  10. Junsei Chemical Co.,Ltd.

Acquisitions/Product Launches:

• In February 2023, Mitsubishi Chemical Corporation announced a capacity expansion for polyvinyl alcohol (PVA) in Japan, aiming to meet the rising demand in various applications including packaging, textiles, and construction. The expansion aligns with the growing market trends and underscores the company's commitment to serving customers' needs.

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1. Polyvinyl Alcohol Market - Overview
    1.1 Definitions and Scope
2. Polyvinyl Alcohol Market - Executive Summary
3. Polyvinyl Alcohol Market – Market Landscape 
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis
4. Polyvinyl Alcohol Market – Startup Company Scenario (Premium)
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Polyvinyl Alcohol Market – Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Scenario
    5.2 Ease of Doing Business Index
    5.3 Case Studies of Successful Ventures
    5.4 Customer Analysis
6. Polyvinyl Alcohol Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Opportunity Analysis
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes
7. Polyvinyl Alcohol Market – Strategic Analysis
    7.1 Value Chain Analysis/Supply Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Suppliers and Distributors
8. Polyvinyl Alcohol Market – By Product Type (Market Size -$Million/Billion)
    8.1 Fully Hydrolized
    8.2 Partially Hydrolized
    8.3 Sub-Partially Hydrolized
    8.4 Low Foaming Grades
    8.5 Others
9. Polyvinyl Alcohol Market – By Application (Market Size -$Million/Billion)
    9.1 Packaging
    9.2 Papermaking & Processing 
        9.2.1 Surface Sizing Agent
        9.2.2 Pigment Binding Agent
        9.2.3 Paper Addictive
    9.3 Building & Construction
        9.3.1 Caulks and Sealants
        9.3.2 Joint Compounds
        9.3.3 Redispersible Powders
    9.4 Electronics
        9.4.1 Flat-Screen TVs
        9.4.2 Computers
        9.4.3 Mobile phones
        9.4.4 Others
    9.5 Textile
        9.5.1 Geo-textiles
        9.5.2 Consumer Textiles
        9.5.3 Industrial Textiles
    9.6 Medical
        9.6.1 Tablet Coatings 
        9.6.2 Eye drops
    9.7 Personal Care
        9.7.1 Hair Care
        9.7.2 Skin Care
        9.7.3 Color Cosmetics
    9.8 Others
10. Essential Oil Market - by Geography
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 the UK
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Russia
        10.2.7 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 India
        10.3.3 Japan
        10.3.4 South Korea
        10.3.5 Australia & New Zealand
        10.3.6 Rest of Asia-Pacific
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Chile
        10.4.4 Colombia
        10.4.5 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
        10.5.2 Africa
11. Polyvinyl Alcohol Market - Market Entropy
    11.1 New product launches
    11.2 M&A's, collaborations, JVs, and partnerships
12. Polyvinyl Alcohol Market – Industry Competition Landscape (Premium)
13. Polyvinyl Alcohol Market - Company Analysis
    13.1 Sekisui Chemical Co. Ltd.
    13.2 Kuraray Co. Ltd.
    13.3 Anhui Wanwei Group
    13.4 Astrra Chemicals
    13.5 SNP, Inc.
    13.6 Merck KGaA
    13.7 Mitsubishi Chemical Corporation
    13.8 Chang Chun Group
    13.9 Kanto Chemical Co.,Inc
    13.10 Junsei Chemical Co.,Ltd.

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