“The Global Polyvinyl Alcohol Fibers Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to increased application of polyvinyl alcohol fibers in the market.
Precision Business Insights (PBI) in its report titled “Global Polyvinyl Alcohol Fibers Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
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The global polyvinyl alcohol fibers market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increased application of polyvinyl alcohol fibers as reinforcement in concrete, and as a lubricant will create a demand for the growth of the market. However, presence of substitute and changing prices of raw materials will hinder the growth of the market.
Global polyvinyl alcohol fibers market segmented on the basis of product, application and regions.
Staples Segment Expected to Dominate the Market
Based on product, the market is segmented into filaments and staples. Staples are expected to dominate the market due to its wide range of application such as textiles, cement additives, and nonwoven materials. Staples are also used in the formation of yarns. Increasing application of staples for various purposes will create a demand for the growth of staples in the market.
Cement Additives Will Dominate the Revenue Share.
Based on application, the global polyvinyl alcohol fibers market is segmented into textiles, nonwoven, cement additives, and others. Cement additives are expected to dominate the market due to its application as reinforcement in concrete.
Asia Pacific, Accounts for Major Revenue Share for Global Polyvinyl Alcohol Fibers Market
Precision Business Insights (PBI), global polyvinyl alcohol fibers market report analyses the market in different regions of North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, Asia Pacific accounted for major revenue share in global polyvinyl alcohol fibers market due to major production of polyvinyl alcohol fibers. North America polyvinyl alcohol fibers market is expected to account moderate CAGR due to increased usage of polyvinyl alcohol as a substitute for asbestos. Europe exhibits a significant growth in polyvinyl alcohol fibers market due to increased application of polyvinyl alcohol fibers as reinforcement in concrete. Latin America shows a significant growth in market owing to increased demand of polyvinyl alcohol fibers from textile industry. Middle East and Africa polyvinyl alcohol fibers market is also expected to rise in the forecast period due to increased usage of polyvinyl alcohol as a substitute for asbestos.
Strategic Collaborations Play Vital Role in Global Polyvinyl Alcohol Fibers Market
Market strategies such as collaborations play an important role in the development of the market. For instance, on 20th December, 2018, Merck collaborated with Kuraray Co. Ltd to exclusively supply pharmaceutical polyvinyl alcohol.
Key players in the market include E. I. du Pont de Nemours and Company, Nippon Synthetic Chemical Industry Co., Eastman Chemical Company, Sekisui Chemical Co. Ltd., Kuraray Co. Ltd., Sinopec Sichuan Vinylon, Anhui Wanwei Group Co., Ltd., Unitika Ltd., Nitivy Ltd., Nycon Corporation, MiniFIBERS, Inc.
o Cement Additives
o Others (Fishing Net, Tire Cords, and Ropes)
o North America
Rest of Europe
Rest of Asia Pacific
o Latin America
Rest of Latin America
o Middle East and Africa
Gulf Cooperation Council Countries(GCC)
Rest of MEA
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