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. 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 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 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 FMI analyst.
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.
Unlock Growth Opportunities with Our Insightful Report:
https://www.futuremarketinsights.com/checkout/19673
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,
By End-use Industry:
- Food and beverage,
- Pharmaceuticals,
- Cosmetics and personal care,
- Building and construction,
- Paper and textile,
- Packaging,
- Electronics
By Country:
- Germany,
- Italy, France,
- United Kingdom,
- Spain,
- BENELUX,
- NORDICS,
- Russia,
- Poland,
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
