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The global market for polyvinyl alcohol fiber was worth around USD 322.45 million in 2017, and it's estimated to grow to about USD 409.14 million by 2023. That's an increase of about 4.05% every year. In simpler terms, this means more people and businesses are using and needing this type of fiber.
Let's talk about the volume, which is how much of this fiber is made. In 2017, the global market made around 145.51 thousand tons of this fiber. This number is expected to grow at a rate of about 3.39% each year, meaning we'll be making more of this fiber in the coming years.
Now, why is this happening? Several things are driving this growth. One of the main reasons is that the construction industry really likes this fiber. It's strong and resistant to stretching, much like steel and glass fibers. This makes it a great choice for things like concrete that need to be strong and last a long time. The construction part of this market was valued at about USD 132.75 million in 2017, and it's estimated to reach about USD 172.16 million by 2023.
There are two types of this fiber: high strength modulus fiber and water-soluble fiber. The high strength modulus fiber is the more popular one, making up about 57.45% of the market in 2017. It was valued at USD 185.25 million in 2017 and is expected to grow at a rate of 5.01% each year, reaching around USD 248.34 million by 2023.
The water-soluble fiber is the other type, making up about 42.55% of the market in 2017. It was valued at USD 137.20 million in 2017 and is expected to reach around USD 160.79 million by 2023. This type of fiber is used in things like non-woven fabric, diapers, and medical materials.
The biggest market for this fiber is in the Asia-Pacific region, which includes countries like China and India. In 2017, this region accounted for about 44.67% of the market, and it's expected to reach about USD 196.74 million by 2023. The growth here is driven by industries like construction, textiles, paper, and more. In simple terms, this means that a lot of these fibers are being used and needed in this part of the world, and the demand is expected to keep growing.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 0.51 Billion |
| Market Size Value In 2023 | USD 0.534 Billion |
| Growth Rate | 4.90% (2023-2032) |
Polyvinyl Alcohol Fiber Market Highlights:
Global Polyvinyl Alcohol Fiber Market Overview
Polyvinyl Alcohol Fiber Market Size was valued at USD 0.53 Billion in 2023. The polyvinyl alcohol fiber industry is projected to grow from USD 0.56 Billion in 2024 to USD 0.78 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.30% during the forecast period (2024 - 2032). The rise in cement demand in the construction industry, as well as the increased use of polyvinyl alcohol fiber in the textile industry, are important market driver for the polyvinyl alcohol fiber market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Polyvinyl Alcohol Fiber Market Trends
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Rising automotive sector is driving the market growth
The market CAGR is being propelled by factors including the rising need for biodegradable and environmentally friendly materials and the expanding use of polyvinyl alcohol fiber in the building and automotive industries. As people become more aware of how traditional materials affect the environment, the need for biodegradable and environmentally friendly materials is rising. The biodegradable nature of polyvinyl alcohol fiber is anticipated to fuel market expansion. The market is expanding as a result of the expanding usage of polyvinyl alcohol fiber in the building and automotive industries. Polyvinyl alcohol fiber is widely used in the automobile industry. The substance makes seat belts, airbags, and other safety accessories.
The market is propelled by the rising demand for environmentally friendly and biodegradable packaging options, which is anticipated to spur market expansion over the forecast period. A form of synthetic fiber manufactured from polyvinyl alcohol is PVA fiber. It is renowned for its durability, flexibility, and water resistance. PVA fiber is frequently used in the textile sector to make carpet, upholstery, and garments. It is also employed in manufacturing paper goods like paper towels and napkins in the paper industry. PVA fiber is a desirable packaging material for the food and beverage sector since it is biodegradable and environmentally friendly. Over the course of the forecast period, the market is anticipated to expand due to the rising demand for biodegradable and environmentally friendly packaging solutions. Thus, driving the polyvinyl alcohol fiber market revenue.
Polyvinyl Alcohol Fiber Market Segment Insights
Polyvinyl Alcohol Fiber Application Insights
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.
Polyvinyl Alcohol Fiber Type Insights
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.
Figure 1: Polyvinyl Alcohol Fiber Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Polyvinyl Alcohol Fiber Regional Insights
By region, the study provides market insights 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.
Figure 2: POLYVINYL ALCOHOL FIBER MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
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.
Polyvinyl Alcohol Fiber Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the polyvinyl alcohol fiber market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, polyvinyl alcohol fiber industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the polyvinyl alcohol fiber industry to benefit clients and increase the market sector. In recent years, the polyvinyl alcohol fiber industry has offered some of the most significant advantages to market. Major players in the polyvinyl alcohol fiber market attempting to increase market demand by investing in research and development operations include 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.
Hunan Xiangwei Co., Ltd., formerly known as the Vinylon plant and abbreviated as Xiangwei, is a sizable integrated chemical industrial and chemical fiber complex that began construction in 1971 and began production in 1978 after 130 million of early research. Chemicals are produced and sold by Hunan Xiangwei Co. Ltd. The company manufactures chemical fibers, polyvinyl alcohol, instant glue powders, instant glue silks, and other goods. Cement and textiles are other products made by Hunan Xiangwei. Due to the ongoing advancement of technological growth and transformation, a wide range of industries, including the chemical industry, chemical fiber, textile, construction materials, etc., are involved in producing its products.
The leading provider and manufacturer of reinforcing for concrete, asphalt, and plastic applications is Hunan Xiangwei Co., Ltd. (formerly Vinylon factory, Nycon Corporation). Nycon Corporation, which was established in 1980, has developed into a top supplier of GFRP rebar and all types of fibers. Some of its fibers include nylon, green, polypropylene, steel, PVA, fiberglass, and macros. Its GFRP rebar does not rust, or react to chemicals, salt, or concrete's alkalinity. It is non-conductive and doesn't build thermal bridges inside of buildings.
Key Companies in the polyvinyl alcohol fiber market include
- 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
- Anhui Wanwei Group.
Polyvinyl Alcohol Fiber Industry Developments
March 2021: Eastman Chemical Company invested in its manufacturing facility in Springfield, Massachusetts, to expand and improve its extrusion capabilities for the production of interlayer product lines.
Polyvinyl Alcohol Fiber Market Segmentation
Polyvinyl Alcohol Fiber Application Outlook (USD Billion, 2018-2032)
- Textile and Apparel
- Filter and Non-woven
- Ropes and Fishing Nets
- Construction
- Paper
Polyvinyl Alcohol Fiber Type Outlook (USD Billion, 2018-2032)
- Water-soluble Fiber
- High Strength Modulus Fiber
Polyvinyl Alcohol Fiber Regional Outlook (USD Billion, 2018-2032)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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