According to IMARC Group’s latest report entitled “Polyvinyl Alcohol (PVA) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecasts 2022-2027‘ provides a comprehensive analysis of the industry that includes insights into Industry Size of Polyvinyl Alcohol (PVA).. The report also includes competitive and regional analysis along with current advances in the global market. The global polyvinyl alcohol (PVA) market size reached US$1.0 billion in 2021. Looking ahead, IMARC Group expects this The market is projected to reach $1.4 billion by 2027, at a growth rate (CAGR) of 5.37% over 2022-2027.

Polyvinyl alcohol (PVA) refers to a water-soluble synthetic polymer used to produce a synthetic fiber using the wet spinning process. It is commonly available in the form of partially and fully hydrolyzed PVA and is commercially produced by polyvinyl acetate. It is resistant to oils, odors and fats and has a high degree of biodegradability and is widely used as a moisture barrier in the manufacture of pharmaceutical products such as dietary supplements and medicines. In addition, it is also used in the manufacture of water-soluble films, paper and board coatings, as well as release liners and sacrificial coatings.

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Global Polyvinyl Alcohol (PVA) Market Trends:

The global market is mainly driven by the significant growth in the food and beverage industry. This is attributed to the increasing use of biocompatible and non-toxic packaging solutions in the food and beverage industry, which is escalating the demand for polyvinyl alcohol (PVA). Added to this are its advantageous properties such as moisture resistance and good crosslinking density, as well as the development of thin…