Asia Pacific Polyvinyl Alcohol (pva) Market Size & Outlook
Asia Pacific polyvinyl alcohol (pva) market, 2018-2030 (US$M)
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Asia Pacific polyvinyl alcohol (pva) market highlights
- The Asia Pacific polyvinyl alcohol (pva) market generated a revenue of USD 535.8 million in 2023.
- The market is expected to grow at a CAGR of 8.9% from 2024 to 2030.
- In terms of segment, food packaging was the largest revenue generating end use in 2023.
- Construction is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 535.8 million |
| Market revenue in 2030 | USD 972.1 million |
| Growth rate | 8.9% (CAGR from 2023 to 2030) |
| Largest segment | Food packaging |
| Fastest growing segment | Construction |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Paper, Food Packaging, Construction, Electronics |
| Key market players worldwide | DuPont de Nemours Inc, Mitsubishi Chemical Group Corp, Eastman Chemical Co, Sekisui Chemical Co Ltd, Kuraray Co Ltd, China Petroleum & Chemical Corp Class H |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 54.1% of the global polyvinyl alcohol (pva) market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 972.1 million by 2030.
Food packaging was the largest segment with a revenue share of 31.95% in 2023. Horizon Databook has segmented the Asia Pacific polyvinyl alcohol (pva) market based on paper, food packaging, construction, electronics covering the revenue growth of each sub-segment from 2018 to 2030.
Rising demand for polyvinyl alcohol in diverse end-use segments especially from food packaging segment is expected to drive the market growth. In addition, increasing consumption of ready-to-eat food products from emerging economies such as China, and Japan is expected to fuel the growth of the market over the forecast period.
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Polyvinyl Alcohol (PVA) Market Scope
Polyvinyl Alcohol (PVA) Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific polyvinyl alcohol (pva) market size, by country, 2018-2030 (US$M)
Asia Pacific Polyvinyl Alcohol (PVA) Market Outlook Share, 2023 & 2030 (US$M)
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