Key Findings of the Global Polyvinyl Alcohol Market| Technavio

LONDON–(BUSINESS WIRE)–#PVA–The latest market research report by Technavio on the global
polyvinyl alcohol (PVA) market predicts a CAGR of over 3%
during the period 2017-2021.

The report segments the global polyvinyl alcohol (PVA) market by
end-user (food packaging, paper, construction, and electronics) and by
geography (APAC, Europe, North America, and ROW). It provides a detailed
illustration of the major factors influencing the market, including
drivers, opportunities, trends, and industry-specific challenges.

Here are some key findings of the global
polyvinyl alcohol market, according to Technavio researchers:

• Growth of the processed food industry: a major market driver
• The food packaging segment dominated the market with approximately 33%
  share in 2016
• APAC dominated the global polyvinyl alcohol market with a share of 73%
  in 2016
• Chang Chun, Dupont, SEKISUI CHEMICAL, Sigma-Aldrich, and The Nippon
  Synthetic Chemical Industry are the leading players in the market

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Growth of the processed food industry: a major market driver

The growth of the processed food industry and the change in the pattern
of consumer behavior are expected to drive the growth of the global
PVA market. Convenience foods and fast food are positively
influencing the global PVA market as they have lightweight packaging and
better water solubility and biodegradable properties. Processed foods
require easy and flexible packaging materials, which would be convenient
for customers and ensure product safety. Innovative solutions such as
easy-to-use, lightweight packaging, and innovative paperboard packaging
are being developed by packaging manufacturers to tap into the growing
organized retail and processed food.

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Electronics industry in APAC driving the market

The major revenue contributor to the global polyvinyl alcohol market is
credited to APAC. Most of the production of electronics in situated in
the APAC region. Countries such as South Korea, Japan, China, and Taiwan
are the top electronic fabrication material manufacturers. APAC is
expected to grow faster than Europe and Central and South America.

According to Kshama Upadhyay, a lead analyst at Technavio for research
on plastics,
polymers, and elastomers, "The increasing demand for
smartphones, tablets, televisions, wireless communications, network
hardware, computers, and electro-medical devices is driving the demand
for semiconductors. Countries such as India, Singapore, Malaysia,
Philippines, and other Southeast Asian countries are significantly
contributing to the growth of the electronic fabrication materials
market."

Competitive vendor landscape

The global PVA market is one of the growing markets and is moderately
fragmented. Its major vendors are situated in the APAC region. Global
vendors such as Chang Chun, DuPont, SEKISUI CHEMICAL, Sigma-Aldrich, The
Nippon Synthetic Chemical Industry dominate the market. The vendors
imply a bottom-up and cost-effective approach to integrating their
business. High investments in R&D activities will extend the product
portfolio of the companies. As vendors are competing, based on factors
such as the cost of production, innovation in products, price,
operational cost, R&D cost, and product quality, the competitive
environment in the market will intensify over the forecast period.

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polyvinyl alcohol market report free of cost

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