Polyvinyl alcohol or PVA is expected to witness significant growth over the next seven years on account of growing demand from textile industry. Out of the total global production capacity, Asian countries contribute over 77% share. China is responsible for over 46% of global production capacity of PVA.
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The global consumption of PVA has increased over the last few years on account of increasing applications such as interlayer films utilized in windshield glass and Liquid Crystal Displays (LCD) polarizing films. This trend will continue over the next seven years. In addition, growing applications of the product, which include pharmaceuticals, building materials, and ceramics is expected to play an important role towards growth.
PVA has a very wide application scope, which covers various end-use industries including paper, textile, wood, coatings, ceramic materials, and films. There are various grades of the product available, which are interchangeable, i.e., similar grades of the product can be used for different end-uses. This ability has helped in augmenting demand of PVA over the last few years. It does not have many substitutes owing to its unique characteristics including water and ethanol solubility, impermeability to many gases, and resistance to greases and oil. Furthermore, its ability to act as a binder for different solid particles, which include ceramics, plastics, cements, and pigments has resulted in promoting expansion of products market and applications scope.
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PVA also acts as a chemical intermediate in the manufacturing of polyvinyl butyral resin (PVB). The product contains fully hydrolyzed grades and partially hydrolyzed grades. The partially hydrolyzed grades are extensively used in textile industry owing to their weavability, excellent abrasion resistance and polyester adhesion. In addition, these grades are easier to process and finish. Growth in the textiles industry is expected to augment product demand over the forecast period.
PVA film coatings are used in food industry owing to their high barrier properties and high moisture-resistant properties. They are used in food supplement tablets and capsules without affecting the properties of finished products.
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