The Latin America, Middle East and Africa Polyvinyl Alcohol (PVA) Market would witness market growth of 7.7% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 42,126.0 Metric Ton, showcasing a growth of 6.9% (2023-2030).
Major market participants are spending a lot of money on R&D in order to diversify their product lines, propelling the market to further expansion. Market participants are also engaging in various strategic initiatives to strengthen their presence due to significant events in the industry, such as the launch of new goods, contracts, mergers and acquisitions, increased investments, and collaboration with other companies. Competitors in the market must offer reasonable items if they want to expand and survive in a sector that is getting more and more competitive.
One of the primary business strategies utilized by the polyvinyl alcohol industry to satisfy clients and expand the sector is local manufacturing to reduce operational costs. Polyvinyl alcohol use has recently provided some of the greatest significant benefits to medicine. Major players in the market, including China Petroleum & Chemical Corporation, OCI COMPANY Ltd., Sekisui Chemical Co. Ltd., Merck KGaA, Japan Vam & Poval Co. Ltd., etc., are investing in research and development to increase market demand.
The LAMEA region has experienced significant economic growth over the years, with countries like Brazil, South Africa, Saudi Arabia, and the United Arab Emirates leading the way. As these economies expand, there is a growing demand for various industries that use PVA in their processes. PVA is utilized in sectors such as construction, packaging, textiles, and chemicals, and the increasing industrialization in the region has driven up its consumption.
With rising consumer incomes and changing lifestyles, there is a growing demand for packaged consumer goods in the LAMEA region. PVA is used in the production of various types of packaging materials, including films, bags, and bottles. As the consumer packaging industry expands, so does the use of PVA in packaging applications.
The Brazil market dominated the LAMEA Polyvinyl Alcohol (PVA) Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $32.4 million by 2030. The Argentina market is showcasing a CAGR of 8.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7.4% during (2023 - 2030).
Based on End-use, the market is segmented into Food Packaging, Paper, Construction, Electronics, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Polyvinyl Alcohol (PVA) Market is Projected to reach USD 1.7 Billion by 2030, at a CAGR of 6.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DuPont de Nemours, Inc., Mitsubishi Chemical Holdings Corporation, Eastman Chemical Company, Sekisui Chemical Co. Ltd., Kuraray Co. Ltd., Denka Company Limited, Anhui Wanwei Group Co., Ltd., Celanese Corporation, Merck KGaA, AND Wacker Chemie AG.
By End-use (Volume, Metric Ton, USD Million, 2019-2030)
By Country (Volume, Metric Ton, USD Million, 2019-2030)
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