(PRWEB) June 10, 2014
The global market for water soluble PVA films is expected to reach USD 319.5 million, while for polarizer PVA films market is expected to reach USD 7,723.2 million by 2020, according to a new study by Grand View Research, Inc. Increasing environmental concern, stringent government regulations for packaging coupled with increasing use of LCD panels are expected to remain key driving factors for the market. Volatile raw material prices are expected to be a key challenge to market growth over the forecast period.
Detergent packaging emerged as the leading product segment and accounted for 35.7% of total market volume in 2013. Detergent packaging is also expected to be the fastest growing application market for water soluble PVA films, at an estimated CAGR of 4.2% from 2014 to 2020. Most of PVA films for polarizer application are used for manufacturing LCD panel as a result, LCD panels accounted for 95.3% of total market volume of polarizer PVA films in 2013. The segment is also expected to be the fastest growing market at an estimated CAGR of 4.5% from 2014 to 2020.
The report “Polyvinyl Alcohol (PVA) Films Market Analysis By Water Soluble Applications (Detergent Packaging, Agrochemical Packaging, Laundry Bags, Embroidery), Polarizer Application (LCD Panels) And Segment Forecasts To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/polyvinyl-alcohol-films-industry.
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Further key findings from the study suggest:
Browse All Reports of Specialty Polymers Market Published By Grand View Research at http://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers.
For the purpose of this study, Grand View Research has segmented the PVA filmsmarket on the basis ofapplication and region:
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