In 2024, China's polyvinyl alcohol(PVA) exports reached 212,000 tons, a year-on-year increase of 15.2%, the highest level in history. This achievement is mainly due to China's polyvinyl alcohol price advantage and the recovery of overseas demand. With the continuous expansion of overseas markets, the international competitiveness of Chinese polyvinyl alcohol companies will be further enhanced.
The global market for polyvinyl alcohol is expected to grow at about 4.01% each year from 2023 to 2032, reaching a value of $5.5 billion by 2032. This growth is driven by the rising need for polyvinyl alcohol in several industries, especially packaging. It’s used as a binder, adhesive, and film in construction, automotive, and other areas. Key factors pushing this demand include more water-based adhesives being used, the need for eco-friendly packaging, and a booming construction sector in developing countries. Additionally, as people in emerging economies earn more, they tend to buy more products like detergents, cosmetics, and personal care items that require polyvinyl alcohol. Recently, there’s been a noticeable shift towards sustainable and eco-friendly products, which is boosting the interest in biodegradable polyvinyl alcohol. Also, new tech advancements are opening doors for uses like 3D printing and biomedical devices, adding more chances for growth in the market.
By 2032, the global revenue from polyvinyl alcohol is set to hit $5.5 billion, with a yearly growth rate of 4.01%. Regionally, North America is the largest market, expected to make up over 35% of the revenue by 2023, thanks to its strong manufacturing sector and high demand. Europe comes in second with over a 25% share, fueled by its solid automotive and construction sectors. The Asia Pacific region is the fastest-growing area, driven by surging demand from packaging and automotive companies in countries like China and India. South America and the Middle East & Africa are also set for steady growth, thanks to their expanding construction and textile industries.
Website: www.elephchem.com
Whatsapp: (+)86 13851435272
E-mail: admin@elephchem.com
ElephChem Holding Limited, professional market expert in Polyvinyl Butyral (PVB) and Polyvinyl Alcohol(PVA) with strong recognition and excellent plant facilities of international standards.
Rede IPv6 suportada
