U.S. Polyvinyl Alcohol (pva) Market Size & Outlook
U.S. polyvinyl alcohol (pva) market, 2018-2030 (US$M)
Related Markets
U.S. polyvinyl alcohol (pva) market highlights
- The U.S. polyvinyl alcohol (pva) market generated a revenue of USD 155.4 million in 2023 and is expected to reach USD 274.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 8.4% 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.
Polyvinyl alcohol (pva) market data book summary
| Market revenue in 2023 | USD 155.4 million |
| Market revenue in 2030 | USD 274.2 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Food packaging |
| Fastest growing segment | Construction |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, U.S. accounted for 15.7% of the global polyvinyl alcohol (pva) market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. polyvinyl alcohol (pva) market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 274.2 million by 2030.
Food packaging was the largest segment with a revenue share of 37% in 2023. Horizon Databook has segmented the U.S. polyvinyl alcohol (pva) market based on paper, food packaging, construction, electronics covering the revenue growth of each sub-segment from 2018 to 2030.
In U.S., the department of Environmental Protection Agency (EPA) encourages small and medium scale business to manufacture environment sustainable products. Such programs would encourage the businesses to manufacture bio-based products which use polyvinyl alcohol as a precursor, and this is expected to drive the demand over the forecast period.
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Polyvinyl Alcohol (PVA) Market Scope
Polyvinyl Alcohol (PVA) Market Companies
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U.S. polyvinyl alcohol (pva) market size, by end use, 2018-2030 (US$M)
U.S. Polyvinyl Alcohol (PVA) Market Outlook Share, 2023 & 2030 (US$M)
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