Polyvinyl Alcohol abbreviated as PVA, PVAL, or PVOH is a polyhydroxy polymer comprising a considerable number of OH-groups. The chemical representation of polyvinyl alcohol is [CH2CH(OH)]n It is a water-soluble synthetic resin. And is available in dry solid and granular/powder form. It is either white or yellow. PVA can be easily extracted through hydrolysis of polyvinyl acetate or other polyvinyl esters. In this method, the acetate groups are substituted by a hydroxyl group of the polymeric chain, either by using a basic or acidic catalyst.
PVA is an extremely effective emulsifier, adhesive, and is useful in film formation. It is oil, grease, and solvent resistant. It has high tensility and flexibility, along with high aroma and oxygen limiting properties. It is non-toxic and bio-degrades gradually.
Applications of Poly-Vinyl Alcohol
- PVA is extensively used in the stiffening of the textile yarn and papers. And also, to make the papers oil and grease-resistant.
- It has been used in freshwater sports fishing.
- It is used to coat food supplements and does not pose any health risks due to its non-toxicity.
- Due to its non-crystalizing and viscous properties, it is used to develop other resins.
- It is also used for the lamination of vehicle glasses.
- It is used in insulating wires.
- In the pharmaceutical sector, PVA is used for the coating of tablets and drugs.
Thus, PVA has applications across varied industrial segments such as food packaging, electronics, construction, printing, coatings, cosmetics, paper, and textiles.
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Global Trends of Poly-Vinyl Alcohol Market
The PVA market across the globe accounted for 103.6 million US dollars in the year 2018. The market is approximated to grow at a compounded annual growth rate of 6.1 percent in the periodic tenure of 2019-25 as illustrated below:
As evident from the illustration, demand for PVA is primarily driven by the food packaging sector, as it is a polymer with better water solubility and biodegradability. It contributed to about 31.4 percent of the total market volume globally, followed by the paper and construction sector.
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Region-wise as represented in the figure below, Asia Pacific exhibited market monopoly and is foreseen to grow in the periodic tenure of 2019-25. The next in line is the North American market and is forecasted to grow at a CAGR of 5.1 percent.
The prominent global brands in the PVA market are Eastman Chemical Company, E. I. du Pont de Nemours and Company, Anhui Wanwei Group Co., Ltd., Sinopec Sichuan Vinylon, Sekisui Chemical Co. Ltd., and Nippon Chemical Industrial Co.Ltd.
Indian Market For Polyvinyl Alcohol
The Poly Vinyl market in India is forecasted to reach 1.09 US billion dollars by 2025. It is expected to grow at a compounded annual growth rate (CAGR) of 5.58 percent during the periodic tenure of 2019-2025. PVA has extensive applications in the construction sector due to its numerous beneficial properties. The construction sector is booming in the Asia Pacific region, particularly in Japan, China, and India. Thus, facilitating market demand for PVA in the estimated tenure from 2019-2025.
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APAC dominated the global market accounting for 44 percent of the total share. The reason being increasing consumption from the Indian, Chinese and Japanese markets. PVA films have a market monopoly in the Asia Pacific region with a large share in the Indian, Chinese, and South Korean markets. India and China are the leading markets in the domains of agrochemical packaging. The increasing agricultural innovations and the use of pesticides/fertilizers are also estimated to drive the demand for PVA in the tenure between 2019-25.
The Building and Construction sector has been the preliminary PVA market, growing at a CAGR of 6.65 percent. The sector has witnessed strong growth in the APAC region because of the growing economies such as Vietnam, Indonesia, and India. The booming packaging sector in nations such as ‘China, India, and Taiwan have further facilitated the demand for PVA. The bio-compatible and non-toxic food packaging sector is on high demand in the US, India, and China due to varied applicability. Thus, the expansion of the PVA market is attributable to growth in different industrial sectors. Thus, making it a highly viable market to invest in!
NPCS is one of the significant brands in the corporate world offering technical consultations. Having reviewed the market for ‘Polyvinyl Alcohol’, manufacturing of the same would be a worthy investment.
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