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Polyvinyl alcohol Market The Polyvinyl Alcohol market size was valued at USD 1.4 billion in 2022 and will grow from USD 1.466 billion in 2023 to USD 1.938 billion by 2030, during the forecast period (2023–2023–2030). Growing consumer demand for food and eco-friendly packaging is the major market driver boosting  the polyvinyl alcohol market . The widespread application of polyvinyl alcohol (PVA) in several end-use segments such as paper, textile, food packaging, construction, coatings, and pharmaceuticals is estimated to drive the global polyvinyl market in 2020. Its suitability for multiple industrial applications is another factor in expanding its market development. In addition, as awareness of maintaining a hygienic environment increases, the use of laundry bags and detergents is promoted, which has a positive effect on the market. In addition, functional properties such as excellent heat sealing, uniaxial tensile stress, and perfect adhesion to hydrophilic surfaces a...

  Market Synopsis As per the analysis conducted by Market Research Future Reports (MRFR), the global polyvinyl alcohol market is projected to hold a market value of USD 1,769.2 million, expanding at a CAGR of 4.59% by the end of 2023. The extensive application of polyvinyl alcohol (PVA) in several end-use sectors such as paper, textile, food packaging, construction, coatings, and pharmaceutical is estimated to drive the global polyvinyl market 2020. Further, the durability against moisture and biodegradability makes it suitable for several industrial applications is another factor escalating the development of the market. Besides, the growing awareness regarding the maintenance of a hygienic atmosphere has spurred the usage of laundry bags and detergents, thereby affecting the market positively. Further, the functional properties such as outstanding heat-sealing, uniaxial tensile stress, and flawless adhesion to hydrophilic surfaces are projected to augment the global Polyvinyl Alc...