Global polyvinyl alcohol (PVA) film is expected to experience significant growth over the next six years owing to increasing application in packaging products and electronic equipments. PVA films are resistant solvent, oil and grease. PVA finds application in Packaging material owing to its adhesive and water soluble properties. Water soluble PVA is the derivative product of PVA films. Water soluble PVA films used to manufacture packaging products including detergent, pet waste, and agrochemical packaging. Detergent packaging is the major application segment of water soluble PVA films. Increasing detergent demand across the globe is expected to be the major factor driving the market over the forecast period. Growing agriculture demand in Asia Pacific is likely to create an opportunity for the market participants in this region. Shift in focus toward the use of small detergent packets is expected to drive the global PVA films market over the foreseeable periods. Increasing Consumer focus toward biodegradable products coupled with technological advancement in PET bottles is anticipated to have positive impact on global PVA films market over the next six years.
Polarizer PVA films are used to manufacture polarizer films which finds application in LCD and sunglasses. Growing electronics market is expected to complement the market growth over the forecast period. Polarizer PVA films market is relatively small compared to water soluble PVA films. Increasing price of vinyl acetate monomers, a raw material for PVA is expected to hamper the market growth over the foreseeable period. Increasing consumer awareness regarding biodegradable products is likely to complement the market growth over the next six years. LCD market is expected to experience significant growth which in turn likely to complement the polarizer PVA films market over the next six years. Electronics...