Pune, India, August 2023/MRFR Press Release/- Market Research Future has published a cooked research report on the Global Polyvinyl Alcohol Fiber Market.
Market Research Future (MRFR) has published a cooked research report on the “Polyvinyl Alcohol Fiber Market” that contains information from 2018 to 2032. The Polyvinyl Alcohol Fiber Market is estimated to register a CAGR of 4.90% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Polyvinyl Alcohol Fiber Market — Hunan Xiangwei Co., Ltd., UNITIKA LTD., MiniFIBERS, Inc., Bowling Chemical Co., Sinopec Sichuan Vinylon Works, NYCON, Inner Mongolia Shuangxin Environment-Friendly Material Co., Ltd., KURARAY CO., LTD., Ningxia Dadi Circular Development Corp. Ltd, and Anhui Wanwei Group
Polyvinyl Alcohol Fiber Market Highlights
The global Polyvinyl Alcohol Fiber Market is accounted to register a CAGR of 4.90% during the forecast period and is estimated to reach USD 0.78 Billion by 2032.
Polyvinyl Alcohol (PVA) fiber is a synthetic fiber derived from polyvinyl alcohol, which is a water-soluble polymer. It is known for its high tensile strength, good abrasion resistance, and biodegradability, making it suitable for various applications.
Segment Analysis
The global Polyvinyl Alcohol Fiber Market has been segmented based on Application, and Type.
The polyvinyl alcohol fiber market segmentation, based on application includes textile and apparel, filter and non-woven, ropes and fishing nets, construction and paper. The construction segment dominated the market because of polyvinyl alcohol's many characteristics, which include its potential for adsorption, superior water solubility, and high particle density. Furthermore, polyvinyl alcohol fibers are used extensively in the textile industry. A moderate growth rate is anticipated throughout the projection period for the textiles industry. In textiles, polyvinyl alcohol fiber is used as a strengthening agent and to add hydrophobic qualities. It facilitates the production of resilient fabrics with the required look. Furthermore, it stops the fabric from wrinkling and shrinking.
The polyvinyl alcohol fiber market segmentation, based on type, includes water-soluble fiber and high-strength modulus fiber. The high-strength modulus fiber category generated the most income. Numerous applications call for high stiffness and strength, and high-strength modulus-type fibers are used. These fibers display excellent chemical resistance, dimensional stability, and abrasion resistance. The automotive, building, aerospace, and defense sectors are where they are most commonly used.
Regional Analysis
The global Polyvinyl Alcohol Fiber Market, based on region, has been divided into North America, Europe, Asia-Pacific and Rest of the World. The North American polyvinyl alcohol fiber market area will dominate this market. The rise in demand from a variety of end-use industries, including the transportation, construction, and textile industries, is responsible for the expansion of the North American polyvinyl alcohol fiber market. The market for polyvinyl alcohol fibers in this region is also anticipated to rise as consumer awareness of the environment increases. Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe polyvinyl alcohol fiber market accounts for the second-largest market share due to the expanding demand from various end-use sectors, including transportation, construction, and textiles. It is also anticipated that strict government rules pertaining to environmental protection will accelerate the expansion of this industry. Furthermore, the increasing volumes of solid waste in this region are anticipated to drive up demand for PVA in packaging applications. Additionally, throughout the forecast period, the regional market is anticipated to increase due to rising package innovation and customer demand for safety, convenience, technology, and sustainability. Further, the German polyvinyl alcohol fiber market held the largest market share, and the UK polyvinyl alcohol fiber market was the fastest growing market in the European region
The Asia-Pacific Polyvinyl alcohol fiber Market is expected to grow at the fastest CAGR from 2023 to 2032. The existence of a large population and emerging nations in this region are the primary driving forces behind the market's expansion. A significant amount of reinforced concrete is needed for the Indian government's recent investments in infrastructure, such as the high-speed bullet train, metro rail, and national highways. Another significant element driving the expansion of the polyvinyl alcohol fiber market is the existence of the textile industries in China and India and the region's expanding exports of goods related to the textile industry. Moreover, China’s polyvinyl alcohol fiber market held the largest market share, and the Indian polyvinyl alcohol fiber market was the fastest growing market in the Asia-Pacific region.
Key Findings of the Study
- The global Polyvinyl Alcohol Fiber Market is expected to reach USD 0.78 Billion by 2032, at a CAGR of 4.90% during the forecast period.
- The Asia-Pacific Polyvinyl alcohol fiber Market is expected to grow at the fastest CAGR from 2023 to 2032. The existence of a large population and emerging nations in this region are the primary driving forces behind the market's expansion.
- The polyvinyl alcohol fiber market segmentation, based on application includes textile and apparel, filter and non-woven, ropes and fishing nets, construction and paper. The construction segment dominated the market because of polyvinyl alcohol's many characteristics, which include its potential for adsorption, superior water solubility, and high particle density.
- Hunan Xiangwei Co., Ltd., UNITIKA LTD., MiniFIBERS, Inc., Bowling Chemical Co., Sinopec Sichuan Vinylon Works, NYCON, Inner Mongolia Shuangxin Environment-Friendly Material Co., Ltd., KURARAY CO., LTD., Ningxia Dadi Circular Development Corp. Ltd, and Anhui Wanwei Group
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Base Year | 2023 |
Companies Covered | 15 |
Pages | 125 |
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