Market Insights:
Polyvinyl alcohol (PVA) fibers
are used in many sectors, especially in the construction sector. A new report
on the global polyvinyl alcohol fiber market, published by Market Research
Future (MRFR), predicts that this market could figure a proliferation at 3.39%
CAGR between 2018 and 2023. In terms of value, the market can be worth USD 409.14
Mn by the end of the forecast period.
The biggest market drivers for
the global polyvinyl alcohol fiber market growth include the widespread
industrial application of PVA fiber in various sectors and subsequent increase
in capacity. Other factors for market growth include the growth of the global
construction sector and the global textile sector. In the emerging economies,
construction of architecture and infrastructure development are inviting more
investments into the polyvinyl alcohol fiber market. Increasing
industrialization and urbanization play an important role in the growth of the
construction sector. PVC is extensively used for making fiber cement boards,
pipes, and tiles. PVC is also used for advanced road construction, airport
runways, bridges, and tunnels. However, rising prices of raw materials can
impede market growth.
Market Segmentation
The global Polyvinyl Alcohol Fiber Market segmentation encompasses application
and types. MRFR’s take on the market explores various facets of the market
in-depth.
The application-based
segmentation of this market covers construction, filter & non-woven, paper,
ropes & fishing nets, textile & apparel, and others. During the
forecast period, the construction segment is likely to hold the lion's share in
the market. Polyvinyl alcohol fiber is heavily used in the construction sector
due to its molecular bond with concrete and mortar. Hence, the growth of construction
sector can create further opportunities for the global polyvinyl alcohol fiber
market.
By type, the market has been
segmented into high strength modulus and water-soluble. During the forecast
period, the high strength modulus segment can hold the major market share,
reaching the market worth of USD 248.34 Mn. On the other hand, the
water-soluble segment has been projected to thrive at 2.68% CAGR at this time.
Key Players
·
Anhui Wanwei Group Co. Ltd.
·
Bouling Chemical Co. Limited
·
Hunan Xiangwei Co. Ltd.
·
Kuraray Co. Ltd.
·
Inner Mongolia Shuangxin Environment-Friendly
Material Co. Ltd.
·
MiniFIBERS Inc.
·
New York Council of Nonprofits Inc. (NYCON)
·
Ningxia Dadi Circular Development Corp. Ltd.
·
Sinopec Sichuan Vinylon Works
·
Unitika Ltd.
Latest Industry News
·
Sekisui Specialty Chemicals is set to increase
the global price of Selvol® Polyvinyl Alcohol, Selvol Premiol®, Selvol
Ultiloc®, Selvol Ultalux®, and up to $110/mT or €110/mT. 1 APR
2019. The company is taking this step to meet the rising raw material
prices.
Regional Segmentation
A geographical outlining of the
global polyvinyl alcohol fiber market covers Asia Pacific, Europe, North
America, Latin America, and the Middle East & Africa (MEA).
In the Asia Pacific region,
economic growth can resonate significant opportunities for market growth,
making it the largest regional market. Rapid developments in the industrial
sector and construction sector are leading to market growth. Most of the important
market players in the global market are based in China. Other important
country-specific markets in this region are Cambodia, India, Indonesia, Japan,
Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.
Europe has been prognosticated to
hold the second-highest position in the global market with the market value of
USD 88.76 Mn by the end of the forecast period. The cream of the market revenue
in Europe comes from Belgium, France, Germany, Italy, Russia, Spain, and the
UK.
Led by the USA, the market in
North America is expected to rise at 2.94% CAGR during the forecast period.
Canada is the second revenue contributor to the North American market. Key
market players in this region are based in the USA.
During the forecast period, the
market growth in Latin America and MEA region is expected to be faster than
that of Europe and North America. In Latin America, maximum revenue comes from
Argentina, Brazil, and Mexico. In the MEA region, the biggest country-specific
markets are Iran, Saudi Arabia, UAE, and North Africa.
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