Polyvinyl Alcohol (PVA) Market : Newest Industry Data, Future Trends and Forecast 2025

The global polyvinyl alcohol market size is expected to reach USD 1.2 billion by 2025, expanding at a CAGR 6.1% over a forecast period, according to a new report by Grand View Research, Inc. Increasing need for bio-based PVA products is a key growth factor for the global market. In addition, rising demand from Asia Pacific is expected to propel demand over the forecast period.

PVA is a synthetic water-soluble polymer, widely used in formulation processes in various end-use industries. Demand for the same mainly stems from the packaging industry, as it is an excellent barrier to oxygen and has high water solubility and biodegradable properties.

In terms of volume, food packaging emerged as the largest end-use segment by revenue in 2016 and is anticipated to continue this trend over the forecast period at a 5.6% CAGR. Increasing need for biocompatible and non-toxic packaging solutions in the food and beverage industry is expected to drive the market. PVA is extensively used in this industry owing to its advantageous properties such as good crosslinking density and moisture resistance.

Demand for PVA is expected to rise owing to growth in various end-use industries in Asia Pacific. Different grades of polyvinyl alcohol are used in the papermaking process with high, intermediate, and low viscosities. These grades can be fully, partially, or intermediately hydrolyzed in nature.

Browse request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/polyvinyl-alcohol-market/request/rs1