From the perspective of application industry, polyvinyl alcohol is widely used in packaging, printing, textile, agriculture and other fields. Thanks to the continuous growth of market demand, the production and sales of global polyvinyl alcohol market have shown a rising trend in recent years. In 2021, the global polyvinyl alcohol market output will be about 1.25 million tons, and the overall scale of the industry will gradually stabilize.
1、 Overview of polyvinyl alcohol industry
1. Industry definition
Polyvinyl alcohol, also known as PVA, is a tasteless, white, flaky or powdery solid organic compound with the chemical formula [C2H4O] n, which has gradually become an important chemical raw material, generally used to manufacture gasoline resistant pipes, emulsifiers, paper coatings, adhesives and glues.
2. Industrial chain
The upstream of polyvinyl alcohol industrial chain is the basic chemical raw materials, including coal, acetic acid and vinyl acetate; The middle reaches are the production and manufacture of polyvinyl alcohol; The downstream is mainly PVB, adhesive, textile size, synthetic fiber and construction glue.
2、 Analysis of current situation of global polyvinyl alcohol industry
1. Market output
In 2020, the global market output of polyvinyl alcohol will be about 1.35 million tons, 1.25% higher than that of the previous year; In 2021, the global market output will increase to 1.426 million tons, an increase of 5.63% compared with 2020. The overall market output will show a rising trend. It is predicted that the global market output of polyvinyl alcohol will reach 2.1 million tons by 2025.
2. Market capacity
In terms of global polyvinyl alcohol market capacity, the global capacity in 2020 will be about 1.75 million tons/year, an increase of 2.17% compared with 2019; In 2021, the market capacity will increase to 1.826 million tons/year, an increase of about 4.34% year on year. As domestic and foreign enterprises successively increase their production capacity, the market capacity of the global polyvinyl alcohol industry will show a steady increase.
3. Market size
In 2019, the market size of the global polyvinyl alcohol industry will be about 4.52 billion US dollars, which will increase to 5.21 billion US dollars by 2021, with an average compound annual growth rate of about 6%. It is expected that the market size of the global polyvinyl alcohol industry will increase to 6.5 billion US dollars by 2024.
4. Market consumption area
With the gradual increase of demand in emerging markets such as the Asia Pacific region, the market size of the global polyvinyl alcohol industry continues to grow. From the perspective of global market consumption regions, the Asia Pacific region will have a large share of about 39.8% in 2021; Europe and North America accounted for 28.1% and 25.4% respectively, and the market share of other regions in the world was 6.7%.
5. Market demand structure
From the perspective of market demand structure, the market share of automobile, building and renewable energy has been increasing in recent years. In 2021, the market share of the three will respectively reach about 48.2%, 42.1% and 7.7%, and the total demand share of other fields will be about 2%.
6. Downstream application market
In the downstream application market of polyvinyl alcohol, the market share of polymerization additives is the largest at present, accounting for 23.8% in 2021; Secondly, polyvinyl butyral, adhesive, textile size and paper coating accounted for 15.2%, 13.8%, 13.6% and 10.5% respectively, and other application markets accounted for 23.1% in total.
In the process of the industry's gradual development towards high refinement, the market demand in high-end textiles, automobiles, construction, medicine and other fields is growing rapidly. In the future, PVB film, PVA optical film and other polyvinyl alcohol products will have a large market development space.
