The report “Polyvinyl Alcohol (PVOH) Market by Type (Fully hydrolyzed, partially hydrolyzed, PVOH hydrogels), application (PVB Resin, Adhesives and sealants, Textile, Paper, Building & construction, Packaging), and Region – Global Forecast to 2028″, is projected to reach USD 5.0 billion by 2028, at a CAGR of 6.1% from USD 3.7 billion in 2023. The polyvinyl alcohol market is mainly driven by the demand for polyvinyl alcohol in various end-use industries, including textiles, paper, adhesive and sealants, building and construction, medical and personal care, and packaging among others, coupled with the concerns for the environmental impact. Moreover, it is also driven by rapidly developing and emerging economies such as India and China.
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• 186 Market data Tables
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• 208 Pages and in-depth TOC on “Polyvinyl Alcohol (PVOH)Market – Global Forecast to 2028”
Some of the prominent key players are:
- Kuraray Co Ltd (Japan)
- Anhui Wanwei Group Co Ltd (China)
- Chang Chun Petrochemicals Co Ltd (Taiwan)
- Ningxia Dadi Circular Development Corp Ltd (China)
- Sinopec Sichuan Vinylon Works (China)
- Sekisui Specialty Chemicals (Japan)
- Mitsubishi Chemical Corporation (Japan)
- Japan Vam and Poval Co Ltd (Japan)
- Merck Kgaa (Germany)
- Wacker Chemie AG (Germany)
- Denka Company Ltd (Japan))
Driver: Polyvinyl Butaryl (PVB) resin to drive the demand for PVOH market.
Due to their excellent adhesion, transparency, and impact resistance, these films are widely utilized in laminated safety glass, such as automotive windshields and architectural glass. As a result, the demand for PVB films and resins is closely linked to the demand for PVOH resins.
The cosmetic and personal care industry drive the demand for PVOH during the forecast period.
The growth of the cosmetics and personal care industry is expected to continue as consumers increasingly seek new and innovative products for their beauty and grooming routines. The cosmetics and personal care industry is driving the demand for PVOH (polyvinyl alcohol) due to its unique properties and versatility in various product applications. PVOH is used as a film-forming agent, thickener, and binder in various cosmetic and personal care products such as face masks, hair styling agents, eye makeup, skin care products and nail polish.
“Asia Pacific was the largest market for polyvinyl alcohol in 2023, in terms of value.”
Asia Pacific was the largest market for the global polyvinyl alcohol industry, in terms of value, in 2023. China is the largest market in the Asia Pacific. It is projected to witness the highest growth during the forecast period considering of growth of paper, packaging, textile and construction industries in the region. The major players operating in the Asia Pacific region are Kuraray Co Ltd (Japan), Anhui Wanwei Group Co Ltd (China), Chang Chun Petrochemicals Co Ltd (Taiwan), Ningxia Dadi Circular Development Corp Ltd (China), Sinopec Sichuan Vinylon Works (China), Sekisui Specialty Chemicals (Japan), Mitsubishi Chemical Corporation (Japan), Japan Vam and Poval Co Ltd (Japan) among others.
