North America Polyvinyl Alcohol (pva) Market Size & Outlook
North America polyvinyl alcohol (pva) market, 2018-2030 (US$M)
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North America polyvinyl alcohol (pva) market highlights
- The North America polyvinyl alcohol (pva) market generated a revenue of USD 177.9 million in 2023.
- The market is expected to grow at a CAGR of 8.1% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 177.9 million |
| Market revenue in 2030 | USD 307.3 million |
| Growth rate | 8.1% (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, North America region accounted for 17.9% 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 37.04% in 2023. Horizon Databook has segmented the North America polyvinyl alcohol (pva) market based on paper, food packaging, construction, electronics covering the revenue growth of each sub-segment from 2018 to 2030.
On account of rising innovation in packaging, and consumers demand for properties such as safety, convenience, technology and sustainability, is in turn expected to fuel the demand for polyvinyl alcohol over the forecast period. Continuous R&D activities to produce biocompatible and nontoxic packaging solutions is expected to promote the use of polyvinyl alcohol in the region.
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Polyvinyl Alcohol (PVA) Market Scope
Polyvinyl Alcohol (PVA) Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America polyvinyl alcohol (pva) market size, by country, 2018-2030 (US$M)
North America Polyvinyl Alcohol (PVA) Market Outlook Share, 2023 & 2030 (US$M)
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