Polyvinyl Alcohol Market Size

Polyvinyl Alcohol Market size was over USD 1.13 billion in 2024 and is expected to exceed USD 2.47 billion by the end of 2037, witnessing over 6.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of polyvinyl alcohol is evaluated at USD 1.19 billion.

The growth of the market can be attributed to the surging production volume of the manufacturing sector worldwide. It was found that in the third quarter of 2022, global manufacturing production reached about 3.6% year-over-year growth rate.

The growing demand as well as the soaring production of textiles worldwide, the global PVOH market is expected to boom over the forecast period as this product is typically used in sizing agents to give greater strength to textile yarn. As per estimations, with the radically expanding global population base which is anticipated to reach over 8 billion by 2025, the demand for textiles, all across the globe is expected to grow manifold. Based on this, the global apparel & textile industry is projected to amount to nearly USD 2 trillion by 2025.