Polyvinyl Alcohol (PVA) Market Set to Soar: Trends, Innovations & Forecasts to 2030
The global polyvinyl alcohol market is anticipated to reach USD 1,648.9 million by 2030 registering a CAGR of 6.4% according to a new report by Grand View Research, Inc. The increasing need for bio-based PVA products is expected to be a key factor driving the global industry growth over the forecast period. Polyvinyl alcohol (PVA), a synthetic water-soluble polymer, has been the key ingredient used in the formulation process in various end-use industries. The key end-use industries include food packaging, construction, electronics, coatings, printing, textile, cosmetics, and paper. PVA is mainly driven by the demand from the food packaging industry, as it is a material with better water solubility and biodegradable properties. There are lesser-known substitutes available for PVA on account of its properties including ethanol and water solubility, coupled with resistance to grease and oil. However, stringent regulations hindered product usage in variou...