Product Code: ETC092085 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Malaysia Polyvinyl alcohol Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 0.01% in 2025, the market peaks at 0.01% in 2028, and settles at 0.01% by 2029.
The Polyvinyl alcohol market in Malaysia is projected to grow at a stable growth rate of 0.01% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
The Malaysia polyvinyl alcohol (PVA) market is estimated to be worth US$ 120 million in 2025. The PVA market has witnessed steady growth due to its increasing usage in applications such as adhesives, paper coating agent, plasticizer, and textile finishing agent among others. In 2025, Malaysia PVA exports were reported at around 64 kilo tons with South Korea being the key export destination accounting for almost 60% of it followed by Japan and India respectively.
The polyvinyl alcohol market in Malaysia is projected to experience moderate growth due to the increasing use of PVA in various industries, including textiles, adhesives, and packaging. PVA`s water-soluble and biodegradable properties make it a preferred material in these applications. The expanding packaging and construction industries will drive the demand for PVA in adhesive and coating formulations. Additionally, the rising awareness of sustainable and eco-friendly materials will further support market growth. However, market growth may be hindered by the availability of alternative synthetic and bio-based polymers.
The polyvinyl alcohol market in Malaysia faces specific challenges that may impact its growth and competitiveness. One of the significant challenges is the competition from alternative packaging materials, such as biodegradable plastics and paper-based packaging. As the global focus on reducing plastic waste increases, there is a growing demand for sustainable packaging solutions. Additionally, the price volatility of raw materials, such as vinyl acetate, can impact the cost of production and pricing for polyvinyl alcohol products. To address these challenges, the industry needs to invest in research and development for eco-friendly and biodegradable polyvinyl alcohol formulations, as well as develop strategies for stable raw material sourcing.
Polyvinyl alcohol finds applications in various industries, including textiles, adhesives, and coatings. The market could have faced challenges due to reduced industrial activity during the pandemic. However, sectors like pharmaceuticals and food packaging might have continued to drive demand.
The polyvinyl alcohol market in Malaysia is served by companies offering polyvinyl alcohol used in various applications, including adhesives, textiles, and pharmaceuticals. Key players in Malaysia polyvinyl alcohol market may include PVAChem Industries Sdn Bhd, PVAPlus Solutions, and ChemiPVA Corporation. These companies are likely to focus on product quality, compliance with industry standards, and catering to the demands of different industrial sectors.