Polyvinyl Alcohol Films Market 2019 And Their Impact on Global Industry 2024
According to a new research report by Global Market
Insights, Inc. Polyvinyl Alcohol (PVA) Films Market size is set to exceed USD 9
billion by 2024. Rising consumer awareness to maintain a hygienic and clean
environment is the key driving factor for detergent market. The hospitality
industry including hotels, malls, food outlets, entertainment remain a large
demand source for detergent powder to maintain a posh and attractive ambience
for their customers, which translates in the packaging sector. Restrictions on
materials used for packaging, and the awareness regarding the use of
biodegradable materials for packaging has led to the boost in the global
polyvinyl alcohol films market.
Robust growth indicators for insecticides, pesticides,
fertilizers and other agrochemicals have intensified the need to inert
packaging materials. Polyvinyl alcohol films market adoption as a packaging
material for agrochemicals is expected to drive growth during the forecast
period.
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Demographics, purchasing power and rise in
disposable income has played a key role for the laundry and dry cleaning
service industry. Laundry bags are made up of PVA films due to their easy
disposable and water soluble nature. Eventually upsurge in laundry market will
propel the water soluble PVA films market.
Polyvinyl alcohol films
market application for electronic products such as LCD panels, cellphones,
optical filters will remain strong. Electronic waste is a key concern that
causes health issues due to their harmful radiations emissions. so, there is a
need of an alternative biodegradable solution in these electronic products that
has surged the polarized PVA films market in recent years.
Detergent packaging
application segment of water soluble PVA films is forecast to account for
maximum share of nearly 35% of all the applications segment. The upsurge in the
demand for detergents in the hospitality, industrial, residential and
commercial sector has bolster the PVA films market.
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https://www.gminsights.com/industry-analysis/polyvinyl-alcohol-PVA-films-market
https://www.gminsights.com/industry-analysis/polyvinyl-alcohol-PVA-films-market
North America is anticipated to dominate the water soluble
polyvinyl alcohol (PVA) films market with more than 5,000-ton consumption in
2015. Strong industrial production indicators fueling factors for growth.
Asia Pacific is projected to have the maximum polyvinyl alcohol
films market share in terms of volume in the global polarized PVA films market.
Countries like South Korea, Japan and China are having a flourishing electronic
market. These countries supply electronic products such as LCD panel, cellular
phones, and sunglasses to the global electronic market.
Global water soluble PVA films market share is consolidated in
nature and is dominated by major companies like Monosol LLC, Sekisui Specialty
Chemicals, Nippon Gohsei that accounts for nearly 65% of global market share.
Other manufacturers in the market includes Aicello Chemicals, Jiangmen Proudly
Water Soluble Plastic Co, Changzhou Water Soluble Co Ltd.
Companies manufacturing polarized
PVA films in the global market includes Kurray and Nippon Gohsei; while LCD
panel applications are expected to remain dominant in the forecast period with
a growth rate of 4.8%.
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware,
U.S., is a global market research and consulting service provider; offering
syndicated and custom research reports along with growth consulting services.
Our business intelligence and industry research reports offer clients with
penetrative insights and actionable market data specially designed and
presented to aid strategic decision making. These exhaustive reports are
designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy
and biotechnology.
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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Connect with us twitter | LinkedIn | Facebook | Google+
Polyvinyl Alcohol Films Market 2019 And Their Impact on Global Industry 2024
Reviewed by GMI
on
October 21, 2019
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