The polyvinyl butyral (PVB) resin, along with end-use industries such as the medical, personal care, textile, paper, and packaging industries, are key drivers for the polyvinyl alcohol (PVOH) market. The opportunities for the PVOH market in medical and personal care applications are creating new revenue pockets for the PVOH industry.
NEWARK, DE / ACCESSWIRE / July 4, 2024 / Europe polyvinyl alcohol industry is set to be valued at USD 829.7 million in 2024 and is projected to reach USD 1,418 million by 2034. The industry is anticipated to showcase a CAGR of 5.5% over the forecast period. The growing use of polyvinyl alcohol (PVA) in industries such as pharmaceuticals, agrochemicals, textiles, and cosmetics is anticipated to push sales.
The European Union (EU) is promoting the use of biodegradable and recyclable materials among diverse sectors. PVA is now being favored as an eco-friendly option for packaging mainly due to its biodegradable characteristics and non-toxic nature.
There have been changes in the healthcare sector with the adoption of biocompatible materials for medical purposes like contact lenses and surgical implants. PVA has become appropriate since it is non-toxic and biocompatible. Europe's food packaging industry is growing rapidly because of the increasing demand for convenient and sustainable food choices where PVA has become one of the preferred materials for use.
Request a Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-19673
PVA has properties such as significant film-forming, emulsifying, and adhesive capabilities, making it an ideal solution for various applications such as adhesives, coatings, and materials used in 3D printing. Additionally, PVA exhibits resistance to oil, grease, and solvents.
It helps in showcasing high versatility across a wide range of applications. Its high tensile strength, flexibility, and excellent resistance to oxygen and aroma make it the material of choice in applications where such attributes are essential.
However, fluctuations in humidity levels can impact its performance, influencing existing properties under different environmental conditions. Hence, diverse range of properties and applications associated with PVA underscores its crucial role as a primary material in various applications.
Key Takeaways from the Industry Report
Europe's PVA industry size is estimated to rise by 1.7x through 2034, with a significant 3.1% increase in expected CAGR compared to the historical one.
Sales of polyvinyl alcohol in Europe grew at a CAGR of 2.4% between 2019 and 2023.
Germany is set to hold around 22.8% of share in 2034.
Sales of polyvinyl alcohol in France are projected to soar at a CAGR of around 6.1% during the assessment period.
By end-use industry, the paper and textile segment is anticipated to witness a CAGR of 5% through 2034.
"Presence of a well-established construction industry in Germany is anticipated to propel demand for PVA as the polymer is often used in joint cement, drywall mud, caulks, and sealants. Also, growing demand from pharmaceutical and food packaging firms will likely augment sales," - says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
The cosmetics and personal care industry is driving the demand for PVOH (polyvinyl alcohol) due to its unique properties and versatility in various product applications. PVOH is used as a film-forming agent, thickener, and binder in a variety of cosmetic and personal care products, including face masks, hair styling agents, eye makeup, skincare products, and nail polish. The growth of the cosmetics and personal care industry is expected to continue as consumers increasingly seek new and innovative products for their beauty and grooming routines.
In addition to the cosmetics and personal care industry, the textile, packaging, and paper industries are also driving the demand for PVOH. In the textile industry, PVOH offers numerous advantages, such as water solubility, film-forming properties, adhesion, and flexibility. Its applications range from yarn sizing and dyeing/printing to fabric finishing and fiber spinning, making it a versatile polymer in textile processing.
In the packaging industry, PVOH is widely utilized due to its exceptional film-forming and barrier properties. PVOH films can be manufactured with different thicknesses and characteristics, making them suitable for a wide range of packaging applications.
In the paper industry, PVOH offers a range of applications due to its unique properties, such as paper coatings, surface sizing, fiber reinforcement, release liners, decorative laminates, and molding applications.
Unlock Growth Opportunities with Our Insightful Report: https://www.futuremarketinsights.com/checkout/19673
Competitive Landscape
Kuraray Co. Ltd., Sekisui Chemical Co, Ltd., Denka Company Limited, Mitsubishi Chemical Group Corporation, Thermo Fisher Scientific Inc., Merck KGaA, Wacker Chemie AG, Kanto Chemical Co. Inc., Chang Chun Group, Nacalai, Polysciences, Inc., Kishida Chemical, Co.,Ltd., and Intercol BV are the key companies profiled in the full version of the report. Leading PVA manufacturers and suppliers are actively investing in continuous research and developments to create new and advanced materials and improve manufacturing processes to cater to end-user needs.
Recent Development-
Amsterdam-based Nouryon introduced Berol Nexxt surfactant and the Dissolvine GL Premium chelating agent in October 2023. Dissolvine GL Premium is specially formulated for polyvinyl alcohol films. Berol Nexxt demonstrates exceptional performance in cold water cleaning.
Get More Insights into the Europe Polyvinyl Alcohol Industry Report
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the Europe polyvinyl alcohol industry, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034. To understand the region's industry potential, growth, and scope, the industry is segmented based on product type, grade, form, function, end-use industry, and country.
Key Segmentations
By Product Type:
fully hydrolyzed PVA,
partially hydrolyzed,
sub-partially hydrolyzed.
By Grade:
Food grade,
Industrial grade,
Pharmaceutical grade.
By Form:
Solid
Liquid..
By Function:
Binder/adhesive,
Sizing agent,
Intermediate,
Additive.
By End-use Industry:
Food and beverage,
Pharmaceuticals,
Cosmetics and personal care,
Building and construction,
Paper and textile,
Packaging,
Electronics,
Agrochemicals.
By Country:
Germany,
Italy, France,
United Kingdom,
Spain,
BENELUX,
NORDICS,
Russia,
Poland,
Europe.
Report Preview: https://www.futuremarketinsights.com/reports/polyvinyl-alcohol-industry-analysis-in-europe
Authored By:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
Have a Look at Related Research Reports of Chemicals & Materials
The global polyvinyl chloride market size is estimated to reach USD 70156.2 million in 2024. The industry is further estimated to grow at a CAGR of 3.6% through the forecast period.
Global demand for polyvinylidene fluoride (PVDF) market due to the growing demand during the forecast period. It is anticipated to be appraised at USD 2,649.99 Million by 2032.
The polyvinyl butyral market size is valued at USD 4.30 billion in 2024 and is projected to reach USD 8.40 billion by 2034, exhibiting a modest CAGR of 6.90% over the forecast period.
The global polyethylene terephthalate glycol (PETG) market size is set to exhibit a CAGR of 3.3% in the forecast period from 2023 to 2033.
The global market for polyethylene terephthalate size is forecast to reach USD 28.6 Billion in 2022, up from USD 27.1 Billion in 2021.
The global furfuryl alcohol market size is estimated to reach USD 1192.5 million in 2024. The sector is expected to grow at a CAGR of 5.9% during the forecast period.
The sale of polysulfide resins market in the building sector is expected to increase since they provide final goods with remarkable flexibility as well as weather resistance.
The polyurethane coating market size is projected to increase from USD 20.9 billion in 2024 to USD 36.0 billion by 2034.
The demand for polyurethane resins paints and coatings market was valued at USD 33786.16 million in 2022, with a CAGR of 4.5% expected during the forecast period.
The global glacial acetic acid market size is expected to reach USD 8801.6 million in 2024. The sector is estimated to grow at a CAGR of 6.5% during the forecast period.
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, supply-demand-trade assessment. Our research studies serve as referencing industry guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing - ‘The Way Forward'.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
SOURCE: Future Market Insights, Inc.
View the original press release on accesswire.com
