Industry Forecast

Water Soluble Polyvinyl Alcohol Films Market size is forecast to reach USD 376 million by 2024

Press Release   •   Oct 18, 2016 06:37 EDT

Water Soluble Polyvinyl Alcohol Films Market size is forecast to reach USD 376 million by 2024 and Global Polarizer PVA Films Market size is set to be valued at USD 9.11 billion by 2024; according to a new research report by Global Market Insights, Inc.

Growing concerns pertaining to waste dumping problems along with strict regulations has driven the emergence for biodegradable raw materials in packaging industry which may to favor polyvinyl alcohol films market size. Strong application outlook in from agrochemical & detergent packaging solutions along with favorable government regulations owing to product’s non-toxic and biodegradable nature are major factors stimulating water soluble polyvinyl alcohol films market size.

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Detergent and agrochemicals are the major revenue contributing applications, surging penetration in these industries due to growth across BRICS economies along with increase in consumer purchasing power are key reasons driving product demand.

Polyvinyl alcohol Films Market

Increasing LCD panels demand owing to immense growth in electronics industry such as televisions, mobile phones, and laptops are major potential factors fostering PVA polarizer films market size. Detergent packaging has driven water soluble applications with projections to surpass USD 140 million by 2024. Industry shift towards biodegradable polymers due to health issues related to synthetic polymer usage has positively influenced polyvinyl alcohol films market size.

North America, led by water soluble PVA films market size, was valued at over USD 78 million in 2015. EPA approval for polymer usage in packaging for consumer goods accompanied by rising consumer health consciousness and preference for green products are promising factors to fuel regional demand.

South Korea, Japan, China, and Taiwan are the major polarizer polyvinyl alcohol films regional industries. Presence of a number of electronics goods manufacturers accompanied by abundant raw material availability is the key factors which makes the region ideal for manufacturing. Strong capital requirements and critical technology acts as a barrier for new entrants. Technology innovation has helped to develop new products such as LED and AMOLED displays, creating threat for LCD panels which may eventually affect industry growth.

Petroleum based VAM is susceptible to crude priced, fluctuations across the geopolitical scenario could impact polyvinyl alcohols films market price trend. However, there is backward integration across the industry with captive VAM production to counter this to a small degree.

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Key insights from the report include:

  • Water soluble polyvinyl alcohol films market size may surpass by 25 kilo tons by 2024, and polarizer PVA films demand could witness more than 4.5% growth.
  • APAC water soluble polyvinyl alcohol films market size, with packing industry growth in India and China, is forecast to observe highest gains at over 4.9% CAGR.
  • LCD panels applications led the polarizer polyvinyl alcohols films market size and may exceed USD 8 billion by 2024. Mobile devices, televisions, and laptops are the major contributing products.
  • South Korea led the polarizer PVA films market, the region is forecast to surpass USD 4.3 billion by 2024.
  • China is projected to grow significantly for polarizer segment, growing at over 5.2% CAGR.
  • Global water soluble PVA market share is oligopolistic with key industry players such as Sekisui, MonoSol LLC, Aicello Corporation, Nippon Gohsei and Changzhou.
  • Global polarizer polyvinyl alcohol films market share is mainly dominated by Nippon Gohsei and Kuraray. Asia Pacific is the manufacturing hub due large number of electronic equipment companies present in the region.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.