Global Polyvinyl Alcohol (PVA) Market 2017-2021
About Polyvinyl Alcohol (PVA)
PVA is a synthetic water-soluble polymer, which is a key ingredient used in various end-user industries. It exhibits properties such as film-forming, solvent resistance, adhesion, high tensile strength, abrasion resistance, and emulsifying properties, which enable its use in various applications such as cast films, wrap-sizing agent, screen printing, and fabric finishing chemicals. PVA is manufactured by the hydrolysis of polyvinyl acetate that is obtained from the polymerization of vinyl acetate monomer. The primary processes involved in the production of PVA are polymerization, hydrolysis, and recovery.
Technavio’s analysts forecast the global polyvinyl alcohol (PVA) market to grow at a CAGR of 3.14% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global polyvinyl alcohol (PVA) market for 2017-2021. 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 (PVA) Market 2017-2021
Technavio recognizes the following companies as the key players in the global polyvinyl alcohol (PVA) market: Chang Chun, DuPont, SEKISUI CHEMICAL, Sigma-Aldrich, and The Nippon Synthetic Chemical Industry.
Other Prominent Vendors in the market are: Anhui Wanwei, Aldon, BASF, Carst & Walker, JAPAN VAM & POVAL, KURARAY, Polychem, Polysciences, Spectrum Chemical Manufacturing, and SNP.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing use of PVA in the consumer electronics industry. PVA is commercially used in form films, sealants, and coatings in the production of various consumer electronics products. It offers potential solutions to a wide range of applications such as mobile phones, LED, displays and projectors, wearable electronic devices, gaskets and lighters, and rollers.”
According to the report, one driver in the market is increased investment on the development of infrastructure. The global construction industry is expected to witness rapid growth during the forecast period, with a major contribution from emerging countries. In 2016, the global construction industry reached approximately $8.82 trillion from $7.91 trillion in 2012. The revenue is expected to reach approximately $14.98 trillion by 2025. Emerging countries accounted for 51.9% share of the construction industry in 2016 and are estimated to occupy approximately 62.5% by 2025. The governments of these regions are investing significantly in residential homes owing to the migration of a large number of people toward metropolitan cities in lieu of jobs, better lifestyle, and other amenities.
Further, the report states that one challenge in the market is economic downturns. Macroeconomic hurdles will indirectly hamper the demand for PVA in many industries, which was evident during the period of the global economic recession; this was further backed by the uncertain nature of Brexit and new president in the US. This led to a significant decline in the investment on the manufacturing industries owing to the new economic policies and uncertain return on investment (ROI). European countries are still recovering from the Eurozone crisis, which has resulted in the reduced expenditure on the manufacturing sector due to financial constraints. Moreover, the post-Brexit vote has been followed by changes in the trade agreements made by countries of the EU and UK with other nations.
Chang Chun, DuPont, SEKISUI CHEMICAL, Sigma-Aldrich, and The Nippon Synthetic Chemical Industry, Anhui Wanwei, Aldon, BASF, Carst & Walker, JAPAN VAM & POVAL, KURARAY, Polychem, Polysciences, Spectrum Chemical Manufacturing, and SNP.