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PVOH Films Market insights

The global PVOH films market size is projected to exhibit significant growth in the next few years, and grow at a CAGR of 4.1% over the forecast period (2019 - 2027).
PVOH Films Market Size Share Sales Trends Outlook 2027
The global PVOH films market size is projected to exhibit significant growth in
the next few years, and grow at a CAGR of 4.1% over the forecast period (2019
- 2027).
Market Overview
PVOH, also known as polyvinyl alcohol, PVA, or vinyl alcohol, is a colourless
and odorless water-soluble, synthetic polymer present in the form of granules or
powder. It is derived through the process of hydroxylation from polyvinyl
acetate. Owing to properties such as water solubility, film-forming, resistance to
grease, oil, and solvents, as well as flexibility, high tensile strength, and aroma
and oxygen barring properties, and biodegradability, PVOH finds major
industrial application in manufacturing and packaging of LCD panels,
sunglasses, lenses, household appliances, as well as packaging of pigments,
chemicals, dyes, and bleaches. It is also used in the chemical and agriculture
industries for packaging of harmful pesticides and herbicides, and in the food
industry for packaging of products such as chocolate and coffee.
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Market Outlook
North America, Asia Pacific, and Europe are the largest markets for PVOH
films, with Asia Pacific accounting for maximum production, and North
America emerging as the largest consumer market for PVOH films. Asia Pacific
is estimated to be the fastest growing market as a result of rapid industrialization
and growing demand for PVOH from the packaging and agricultural sectors.
Increasing demand from emerging economies in the region such as China, India,
Malaysia, and Taiwan is expected to contribute to the overall growth of the
market in the region.
High demand for PVOH in detergents, food packaging, and healthcare products
is propelling growth of the PVOH films market in the North America region.
Countries such as U.S. and Canada are projected to account for major market
share in the near future. Growth of the building sector, as well as food
packaging industry in Europe will result in a significant demand for PVOH
films from the region. Other regions such as Africa, Latin America, and Africa
are also expected to emerge as key contributors to the overall growth of the
global PVOH films market.
Key Players
Some of the prominent players in the global PVOH market include The Nippon
Synthetic Chemical Industry Co., Ltd., Kuraray Co. Ltd., The Dow Chemical
Company, Celanese Corporation, and Wacker Chemie AG.
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