The North America Polyvinyl Alcohol (PVA) Market would witness market growth of 6.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 72,252.4 Metric Ton, showcasing a growth of 5.7% (2019-2022).
The synthetic polymer polyvinyl alcohol (PVA) is colorless, hydrophilic, water-soluble, and has good adhesive and film-forming capabilities. It is produced by polymerizing vinyl acetate monomer and then hydrolyzing it. It is used in various end-user industries, including paper, food packaging, textiles, etc. A significant driver of growth during the forecast period is expected to be the rising demand for PVA products made from bio-based materials. PVA is a synthetic water-soluble polymer and is a crucial component in the formulation process for several end-use industries. Food packaging, construction, electronics, coatings, printing, textiles, cosmetics, and paper are some of the major end-use industries. Since PVA has greater water solubility and biodegradable qualities, the food packaging industry is the key driver of PVA demand.
Moreover, future growth in the food packaging industry is predicted to be fueled by changing demographics, new consumer demands, rising purchasing power in emerging nations, a focus on convenient, sustainable packaging, and trends of out-of-home consumption. Food packaging is one of the largest sectors in the US and is expected to grow significantly in emerging nations. Additionally, the construction industry's growing use of materials like caulks and sealants, joint compounds like joint cement and drywall mud, and dispersible powders like grouts and mortars, are expected to drive the market's growth in the coming years.
Moreover, the market in this region is experiencing increased growth due to the increasing use of polyvinyl alcohol (PVA) in producing adhesives, paints, sealants, coatings, textiles, plastics, and other goods. Due to its film-forming, emulsifying, and solubility properties, polyvinyl alcohol is an essential ingredient in producing adhesives, paints, sealants, coatings, textiles, and plastics. The latest technologies and advancements in chemical research and development are also contributing to the growth in this region.
PVA is used in paper coatings and adhesives to enhance paper quality and strength. With Canada's strong presence in the paper and pulp industry, there may be a continued demand for PVA in this sector. The Canadian paper and pulp industry produces a wide range of products, including newsprint, uncoated and coated papers, packaging materials (e.g., corrugated boxes and cartons), tissue products, and specialty papers used in various applications. The industry is concentrated in specific regions, with major hubs in provinces like British Columbia, Quebec, and Ontario. These provinces have extensive forest resources and well-established pulp and paper mills. All these factors are expected to drive the expansion of the market in the North America region.
The US market dominated the North America Polyvinyl Alcohol (PVA) Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $252.7 million by 2030. The Canada market is registering a CAGR of 8.5% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 7.6% during (2023 - 2030).
Based on End-use, the market is segmented into Food Packaging, Paper, Construction, Electronics, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DuPont de Nemours, Inc., Mitsubishi Chemical Holdings Corporation, Eastman Chemical Company, Sekisui Chemical Co. Ltd., Kuraray Co. Ltd., Denka Company Limited, Anhui Wanwei Group Co., Ltd., Celanese Corporation, Merck KGaA, AND Wacker Chemie AG.
The synthetic polymer polyvinyl alcohol (PVA) is colorless, hydrophilic, water-soluble, and has good adhesive and film-forming capabilities. It is produced by polymerizing vinyl acetate monomer and then hydrolyzing it. It is used in various end-user industries, including paper, food packaging, textiles, etc. A significant driver of growth during the forecast period is expected to be the rising demand for PVA products made from bio-based materials. PVA is a synthetic water-soluble polymer and is a crucial component in the formulation process for several end-use industries. Food packaging, construction, electronics, coatings, printing, textiles, cosmetics, and paper are some of the major end-use industries. Since PVA has greater water solubility and biodegradable qualities, the food packaging industry is the key driver of PVA demand.
Moreover, future growth in the food packaging industry is predicted to be fueled by changing demographics, new consumer demands, rising purchasing power in emerging nations, a focus on convenient, sustainable packaging, and trends of out-of-home consumption. Food packaging is one of the largest sectors in the US and is expected to grow significantly in emerging nations. Additionally, the construction industry's growing use of materials like caulks and sealants, joint compounds like joint cement and drywall mud, and dispersible powders like grouts and mortars, are expected to drive the market's growth in the coming years.
Moreover, the market in this region is experiencing increased growth due to the increasing use of polyvinyl alcohol (PVA) in producing adhesives, paints, sealants, coatings, textiles, plastics, and other goods. Due to its film-forming, emulsifying, and solubility properties, polyvinyl alcohol is an essential ingredient in producing adhesives, paints, sealants, coatings, textiles, and plastics. The latest technologies and advancements in chemical research and development are also contributing to the growth in this region.
PVA is used in paper coatings and adhesives to enhance paper quality and strength. With Canada's strong presence in the paper and pulp industry, there may be a continued demand for PVA in this sector. The Canadian paper and pulp industry produces a wide range of products, including newsprint, uncoated and coated papers, packaging materials (e.g., corrugated boxes and cartons), tissue products, and specialty papers used in various applications. The industry is concentrated in specific regions, with major hubs in provinces like British Columbia, Quebec, and Ontario. These provinces have extensive forest resources and well-established pulp and paper mills. All these factors are expected to drive the expansion of the market in the North America region.
The US market dominated the North America Polyvinyl Alcohol (PVA) Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $252.7 million by 2030. The Canada market is registering a CAGR of 8.5% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 7.6% during (2023 - 2030).
Based on End-use, the market is segmented into Food Packaging, Paper, Construction, Electronics, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DuPont de Nemours, Inc., Mitsubishi Chemical Holdings Corporation, Eastman Chemical Company, Sekisui Chemical Co. Ltd., Kuraray Co. Ltd., Denka Company Limited, Anhui Wanwei Group Co., Ltd., Celanese Corporation, Merck KGaA, AND Wacker Chemie AG.
Scope of the Study
Market Segments Covered in the Report:
By End-use (Volume, Metric Ton, USD Million, 2019-2030)- Food Packaging
- Paper
- Construction
- Electronics
- Others
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- DuPont de Nemours, Inc.
- Mitsubishi Chemical Holdings Corporation
- Eastman Chemical Company
- Sekisui Chemical Co. Ltd.
- Kuraray Co. Ltd.
- Denka Company Limited
- Anhui Wanwei Group Co., Ltd.
- Celanese Corporation
- Merck KGaA
- Wacker Chemie AG
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Polyvinyl Alcohol (PVA) Market, By End-use
Chapter 5. North America Polyvinyl Alcohol (PVA) Market, By Country
Chapter 6. Company Profiles
Companies Mentioned
- DuPont de Nemours, Inc.
- Mitsubishi Chemical Holdings Corporation
- Eastman Chemical Company
- Sekisui Chemical Co. Ltd.
- Kuraray Co. Ltd.
- Denka Company Limited
- Anhui Wanwei Group Co., Ltd.
- Celanese Corporation
- Merck KGaA
- Wacker Chemie AG
Methodology
LOADING...
