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The Europe polyvinyl alcohol (PVA) industry is poised for significant growth, with an estimated value of USD 829.7 million in 2024, projected to reach USD 1,418 million by 2034, reflecting a robust CAGR of 5.5% over the forecast period. This growth is driven by the expanding application of PVA across various industries, including pharmaceuticals, agrochemicals, textiles, and cosmetics. The increasing demand for PVA in these sectors is expected to propel sales, as it offers exceptional film-forming, emulsifying, and adhesive properties, making it an essential component in a wide range of products and industrial processes.
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 the preferred materials for use.
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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’s 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 an analyst at Future Market Insights (FMI).
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.
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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
- Additive
By End-use Industry:
- Food and beverage
- Pharmaceuticals
- Cosmetics and personal care
- Building and construction
- Paper and textile
- Packaging
- Electronics
- Agrochemicals
By Country:
- Germany
- Italy, France
- United Kingdom
- Spain
- BENELUX
- NORDICS
- Russia
- Poland
- Europe
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.
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For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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