Need For Green Buildings Propels the Demand for Global Polyvinyl Alcohol Market

San Francisco, August 16, 2018: The global polyvinyl alcohol market is prognosticated to experience a surge in demand due to its use in various industries. Polyvinyl alcohol market which is synthetic polymer and is soluble in water is used in construction, printing, electronics, food packaging, cosmetics, coatings, and textile sector, reports TMR Research in their report titled, “Polyvinyl Alcohol (PVA) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2028”. Properties such as biodegradable, and water solubility makes it ideal material for food packaging sector. Amongst the other segment, the food packaging accounted for the major share in the market.

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Factors like thermal stability, antimicrobial activity, great crosslinking density, moisture resistant nature, and the permeability of water vapor permeability, are likely to bolster the growth of the global polyvinyl alcohol market. The rising awareness of green building constructions is considered as one of the major drivers in the growth of the global polyvinyl alcohol market during the forecast period. Rise in need for Eco friendliness, reducing the emission of CO2, and improving energy efficiency, is driving the population to prefer green building constructions. Apart from these factors, government of various countries in order to safeguard environment, is providing tax benefits to construct green buildings. However, the need for wood, which is one of the major building material for constructing green buildings is rising, thus leaving consumers to decide.

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Geographically, the global polyvinyl alcohol market is spread across North America, Europe, Asia Pacific, and Rest of the World (ROW). Amongst the pack, Asia Pacific region is predicted to lead in terms of revenue due to rise of PVA in various sectors such as packaging, paper, and construction. North America is anticipated to hold the second position in the market due to generation of solid waste. Some of the major companies in the market are Nippon Synthetic Chemical Industry, Dupoint, Sigma-Aldrich, and SEKISUI CHEMICAL.