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Polyvinyl Alcohol (PVA) Films Market Share

Report ID: GMI687
Published Date: Jul 2020
Report Format: PDF

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Polyvinyl Alcohol Films Market Share

Global polyvinyl alcohol films industry is significantly consolidated with key players including:

MonoSol LLC
Sekisui Specialty Chemicals
Nippon Gohsei
Aicello Chemicals.

Companies are engaged in strategic acquisitions to expand their product portfolio and meet rising product demand from the detergent & agrochemical sectors. In October 2018, global chemicals provider Mitsubishi Chemicals Corporation (MCC) announced the acquisition of its consolidated subsidiary Nippon Synthetic Chemical Industry, a manufacturer & distributor of specialty polymers, ethylene vinyl alcohol and polyvinyl alcohol films.

This absorption merger integrates the company’s management resources, increases the profits of existing businesses and ensures growth of associated businesses in the MCC Group.

In February 2020, Kuraray, the parent company of MonoSol announced plans to construct a new facility for the manufacture of polyvinyl alcohol films in Poland. This new facility should allow the company to meet growing demand from packaging applications, optimize its supply chain and achieve polyvinyl alcohol films market growth in Europe.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Increasing deployment in food, pharmaceuticals, cosmetics, etc., owing to the product

Polyvinyl alcohol films will gain massive traction in Europe, given the handling of food requirements in a sustainable manner and surging awareness on nutritional needs of plants. Europe industry may exceed USD 120 million by 2026.

PVA films industry size from LCD polarizers hit USD 6.4 billion in 2019 and will depict appreciable traction by 2026, driven by rising popularity of LCD technology, high LCD production levels, as well as capacity expansions.

Detergent packaging application will gain popularity owing to strict norms enforced on waste disposal as well as rising green packaging initiatives. The segment observed a consumption of more than 7.5 kilo tons in 2019.

MonoSol LLC, Nippon Gohsei, Aicello Chemicals, and Sekisui Specialty Chemicals are some of the companies that form a part of the competitive spectrum of this business.