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Polyvinyl Alcohol (PVA) Films Market Summary & Critical Success Factors (CSFs) Till 2020

The polyvinyl alcohol films global market was valued at $ 229.60 billion in the year 2015. The rise in waste disposal difficulties coupled with strict regulatory norms for the environment are influencing the necessity for biodegradable raw materials especially in the packaging sector.

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Polyvinyl Alcohol (PVA) Films Market Summary & Critical Success Factors (CSFs) Till 2020

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  1. Polyvinyl Alcohol (PVA) Films Market Summary & Critical Success Factors (CSFs) Till 2020 “The polyvinyl alcohol films global market was valued at $ 229.60 billion in the year 2015. The rise in waste disposal difficulties coupled with strict regulatory norms for the environment are influencing the necessity for biodegradable raw materials especially in the packaging sector.” The Polyvinyl Alcohol Films Global Market was valued at $ 229.60 billion in the year 2015. The rise in waste disposal difficulties coupled with strict regulatory norms for the environment are influencing the necessity for biodegradable raw materials especially in the packaging sector. This parameter is anticipated to fuel the demand, specifically in the packaging sector. The product is eco-friendly, and does not release poisonous gasses upon ignition. The global market for water soluble applications is projected to witness a significant growth at a growth rate of 3.90% CAGR over the forecast period. The developments & packaging sector, specifically for agrochemicals and detergents in emerging economies of Asia Pacific region such as China, Taiwan and India are anticipated to drive the demand. The rising application areas particularly in restaurants, hospitals and hotels is further expected to fuel the demand for detergents. The consumption level is projected to increase on account of green packaging initiatives across Europe and North America. In terms of global consumption, detergent was estimated at 30 million tons in the year 2012. The constant increase in the production and application of detergent are anticipated to influence the demand for packaging for this application. The water-soluble polyvinyl alcohol films are mostly favored in applications for detergent packaging on account of its non-toxic and non-hazardous features. The application segment of polarizer is projected to witness a growth at the rate of 4.4% CAGR over the forecast period. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industry-reports/polyvinyl-alcohol-pva-films-market/request-sample

  2. The global concerns relating to the environment on account of threats that are caused by disposal of numerous electronic products are presumed to boost the market growth for polarizer PVA films. The PVA films are favored in various applications including sunglasses, LCD panels and optical filters. The constant rise LCD panel’s demand in various applications such as high resolution smartphones and LCD televisions are anticipated to drive the product demand during the analysis period. The varying prices of Vinyl Acetate Monomer also known as VAM, a crucial raw material, is anticipated to restrain the growth of market. The instability of VAM prices is majorly affected by fluctuating prices of petrochemicals during the recent past. Application Insights The packaging sector was the dominating application sector for water soluble applications over the recent past. This application sector was estimated at more than USD 80 million in the year 2013. The detergent packaging enables industrial & household detergents to be utilized without the worker making any physical contact with the detergent. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/polyvinyl-alcohol-pva-films-market Trailing the detergent packaging segment is the agrochemical packaging application. The segment was second largest application segment and was valued at more than USD 65 million in the year 2013. The application of water soluble films in embroidery are still at their development stage and are anticipated to grow at a growth rate of over 3.9% CAGR over the forecast period. The LCD panel application segment was estimated at over USD 5 billion in the year 2013 and is expected to witness the fastest growth over the forecast period. In addition, increasing concerns regarding environment on account of hazards caused by the disposal of various electronic materials are anticipated to enhance the growth of this application sector. Regional Insights In terms of overall market revenue, North America was valued at over USD 65 million in the year 2013 and is also projected to witness a significant growth over the next eight years for water soluble applications. The rising demand for detergent from numerous end-users including hotels, restaurants and hospitals coupled with domestic sectors are projected to enhance the market growth in this region.

  3. Europe was estimated at over USD 65 million in the year 2013 and was followed by North America. The Asia Pacific region is anticipated to witness higher growth rates during the projected period and is expected to grow at a CAGR of 4.70%. In addition, the demand is expected to be driven by strict government regulatory norms in order to endorse water soluble packaging systems. For polarizer applications, South Korea dominated the market and was estimated at over USD 2 billion in the year 2013. The increasing electronics sector in the country is projected to fuel the demand for polyvinyl alcohol. China followed South Korea to be the next major regional market for polarizer end-use and is also projected to witness the fastest growth with a CAGR of 5.20% over the forecast period. Competitive Insights The international polyvinyl alcohol films market is highly fragmented in nature and is focused among the major players. The three topmost players occupied approximately 68% of the overall share in 2013. The Asian companies dominate the market. Monosol LLC accounted for over 40.60% of the total share and was the major manufacturer of polyvinyl alcohol films in the year 2013. The company was later acquired by Kuraray however it still functions as a separate subsidiary company. With only Nippon Gohsei and Kuraray rivaling each other, the international market for PVA films can be thought of as a duopoly. In the year 2013, Kuraray was accounted for a major share of 81.50% while Nippon Gohsei occupied the outstanding 18.50%. See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/chemicals

  4. Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184

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