Polyvinyl Alcohol (PVA) Films Market growth outlook with industry review and forecast 2019-2024

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Polyvinyl Alcohol (PVA) Films Market Growth
Outlook with Industry Review and Forecast
2019-2025
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Global Market Scenario of Polyvinyl Alcohol Films
Industry

• Polyvinyl Alcohol (PVA) Films Market is expected
  to witness lucrative growth prospects subject to
  this very factor. A paradigm shift has been
  observed in consumer preferences toward
  biodegradable packaging solutions, which will
  fuel the product demand. Certain materials are
  strictly restricted for usage in the packaging
  industry. The stringent enforcement of these
  regulations coupled with the changing living
  standards of people will push the growth of
  polyvinyl alcohol films market.
• Pertaining to the superior properties of
  biodegradability, water solubility, and low
  toxicity, polyvinyl alcohol films are primarily
  used in detergents. PVA films market share from
  detergent packaging applications will exhibit the
  highest annual growth rate of 4.4 over the
  coming seven years. The escalating usage of the
  product for industrial and residential detergents
  will augment the industry growth.
• Water soluble PVA films industry collected a
  revenue of USD 241 million in 2015 and will
  collect considerable revenue of USD 376 million
  by the end of 2024. North America water soluble
  polyvinyl alcohol films industry will cover
  maximum regional revenue share over the years
  ahead, driven by the growing packaging sector.
  U.S. is slated to be the prominent revenue
  contributor toward the market growth.

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• Agrochemical packaging application of the water
  soluble PVA films market will register an annual
  growth rate of 4.2 over the years ahead to
  collect a volume of 8,033 tons by 2024. Growing
  demand for the agrochemical such as pesticides,
  fertilizers, and insecticides across the globe
  will influence water soluble polyvinyl alcohol
  films market share considerably.
• Polarizer is another lucrative application
  segment of polyvinyl alcohol films market, which
  covered a revenue share of about 94 in 2015 and
  will generate substantial revenue over the coming
  timeframe. LCD, a sub application of polarizers,
  which covered a volume of 246 million square
  meters in 2015, will record a CAGR of 4.8 over
  the period of 2016 to 2024.

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360 Industry Analysis

• Surging spending capability of consumers will
  lead to an increased deployment of laundry
  services, PVA polymers are used to manufacture
  laundry bags, which will propel polyvinyl alcohol
  films market considerably. Besides, PVA polymers
  are used in the agrochemical and embroidery
  domains. Asia Pacific water soluble polyvinyl
  alcohol (PVA) films industry volume will reach up
  to 6,268 tons by 2024 with an annual growth rate
  of 5 over the period of 2016 to 2024.
• Growing laundry, agrochemical, and embroidery
  sectors will fuel the product demand noticeably.
  Moreover, the escalating growth of the electronic
  sector, mainly across Japan, South Korea, and
  China will contribute significantly toward PVA
  films market share, as electronic gadgets such as
  mobile phones, LCD panels, sunglasses,
  smartphones are adopted increasingly across these
  regions.
•  

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• Competitive Analysis
• Key players in polyvinyl alcohol (PVA) films
  market are Jiangmen Proudly, Nippon Gohsei,
  Changzhou United Chemical Co.,Ltd., MonoSol LLC.,
  Aicello Chemicals, and Sekisui Specialty
  Chemicals.

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