Product Code: ETC092084 | 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 Thailand Polyvinyl alcohol Market is likely to experience consistent growth rate gains over the period 2025 to 2029. From 0.03% in 2025, the growth rate steadily ascends to 0.07% in 2029.
By 2027, the Polyvinyl alcohol market in Thailand is anticipated to reach a growth rate of 0.05%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
The polyvinyl alcohol market in Thailand is expected to grow at a CAGR of 7.9% during the forecast period. The increasing demand for water-soluble films and fibers, along with other applications such as adhesives, coatings, paper additives, and photographic emulsions has been driving the growth of this sector in Thailand. Additionally, rising environmental concerns among consumers due to their biodegradable and non-toxic nature are further promoting the sale of these products in the country.
The Thailand polyvinyl alcohol (PVA) market has been driven by its use in industries such as textiles, adhesives, and packaging. PVA is valued for its adhesive and film-forming properties, making it essential in the production of various products. The expanding packaging and textile sectors have created a steady demand for PVA, positively influencing the market.
Polyvinyl alcohol (PVA) market in Thailand faces challenges linked to market diversification and competition. PVA is used in various industries, including textiles, adhesives, and packaging. The market`s growth potential is significant, but Thai manufacturers must contend with competition from other countries offering similar products. To overcome this, fostering innovation and diversifying applications for PVA beyond its traditional uses can open new avenues for growth. Collaborating with industries to understand evolving needs and tailoring PVA solutions accordingly can help Thai companies stay ahead in this competitive landscape.
Polyvinyl alcohol, widely used in industries like textiles, adhesives, and packaging, faced challenges due to disruptions in supply chains and manufacturing. The closure of manufacturing facilities and reduced workforce availability impacted the market`s overall production capacity.
Prominent players in the Thailand polyvinyl alcohol market include PVA Solutions Inc., ThaiPolyvinyl Group, and VinyLux Industries. These companies specialize in the production of polyvinyl alcohol, a versatile polymer used in applications ranging from adhesives and textiles to paper and packaging. Their technical expertise and commitment to innovation have established them as key contributors to the market.