Polyvinyl Alcohol Market Regional Analysis:
North American Market Insights
The polyvinyl alcohol market in North America is projected to be the largest with a share of about 35% by the end of 2035. The growth of the market can be attributed majorly to the growing production volume of paper as well as the increasing development of materials that are biocompatible and can be used in neuroendovascular therapy, uterine fibroids, pharmaceuticals, medicine, and biotechnology besides the growing consumer electronics market in the region. It was found that the United States produced almost 48.5 million metric tons of pulp for paper in 2021. Moreover, the rising demand for PVOH as laundry detergents, disinfectants, and industrial cleaning chemicals, is also expected to boost the regional market growth over the forecast period.
APAC Market Insights
The Asia Pacific polyvinyl alcohol market is estimated to be the second largest, registering a share of about 28% by the end of 2035. The growth of the market can be attributed majorly to the increasing infrastructural projects in the region with the progress of the construction industry in emerging nations of the region such as China, India, Singapore, and Malaysia. The boom in the construction industry is the result of the existence of a vast pool population in the region who are also responsible for the skyrocketing output of various industries, including paper, pharma, chemical, automotive, textile, and others. As per recent data, Asia and the Pacific region is the most populous region of the globe as it is home to around 60% of the global population and has some rapidly emerging economies such as China, and India.
