Global Polyvinyl Alcohol Films Market 2018-2022
About Polyvinyl Alcohol Films
The global polyvinyl alcohol (PVA) films market is a contributing segment of the global polymer market. From a top-down perspective, Technavio has analyzed the PVA market as a related market to set the context in which the global PVA films market will be reviewed.
Technavio’s analysts forecast the global polyvinyl alcohol films market to grow at a CAGR of 5.72% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global polyvinyl alcohol films market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Polyvinyl Alcohol Films Market 2018-2022
Technavio recognizes the following companies as the key players in the global polyvinyl alcohol films market: AICELLO CORPORATION, Arrow GreenTech, Cortec Corporation, Changzhou Water Soluble, and NIPPON GOHSEI.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing processed food industry. The change in consumer purchase patterns and the growth rate of the processed food industry is expected to drive the global PVA films market. The increased demand for convenience foods, especially fast food, require lightweight packaging and good water solubility and biodegradable properties. The packaging of a product plays an important role in the demand and the life cycle of the product.”
According to the report, one driver in the market is miniaturization of electronic components. In recent years, technological advances in semiconductors and integrated circuits have driven manufacturers to produce smaller electro-mechanical components. Also, the need for miniaturization of electronic components was triggered by the aerospace industry, which demands smaller and lighter components. This is done to provide increased functionality at low material cost. By following this approach, the use of advanced materials such as PVA films in manufacturing optoelectronics has increased. This is mainly due to superior optical and mechanical properties, thereby leading to its use in manufacturing CODs, CMOS, couplers, image and display sensors, transmitter; and others.
AICELLO CORPORATION, Arrow GreenTech, Cortec Corporation, Changzhou Water Soluble, and NIPPON GOHSEI.