Product Code: ETC092083 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India Polyvinyl alcohol Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 12.30% in 2025, the market peaks at 13.10% in 2026, and settles at 7.98% by 2029.
The India polyvinyl alcohol (PVA) market was valued at US$ 747.6 Mn in 2025 and is projected to expand at a CAGR of 5.7% from 2025 to 2031. PVA is a synthetic polymer with properties such as water-solubility, film-forming ability, biodegradability, and adhesion to many surfaces including glass & metals without requiring tie layers. Increasing use of PVA in various end use industries such as pharmaceuticals, textiles, paints & coatings is expected drive the demand for the product during the forecast period. Furthermore growing awareness about ecofriendly products among consumers along with increasing investments by companies to develop new technologies are some other factors which will further propel growth of the India polyvinyl alcohol market in coming years.
The major drivers influencing growth of India polyvinyl alcohol market include increasing use of PVA in various industrial applications due its excellent insulation property; rising investment and R&D activities for development of novel technologies; rapid urbanization that has resulted into improvement in living standards across developing countries; increase government focus on renewable resources for sustainable development and stringent regulations imposed by the governments against hazardous chemicals driving adoption of ecofriendly materials among manufacturers etc.
The major challenge faced by players operating in this industry includes high cost associated with production processes owing to availability raw materials used for manufacturing PVA and difficulty experienced while disposal or recycling process due presence toxic gases released during burning etc.
Some key players operating in India polyvinyl alcohol market include BASF SE., Clariant AG , Evonik Industries , LG Chem Ltd., Kuraray Co., Ltd., Mitsubishi Chemical Corporation , Asahi Kasei Corporation , Dairen Chemical Corp., Formosa Plastics Group Wacker Chemie AG etc.