Economy
Polyvinyl Alcohol (PVOH) Market worth $5.0 billion by 2028 Globally, at a CAGR of 6.1 %, says MarketsandMarkets™
Chicago, June 21, 2023 (GLOBE NEWSWIRE) — The Polyvinyl Alcohol (PVOH) Market is projected to grow from USD 3.7 billion in 2023 to USD 5.0 billion by 2028, at a CAGR of 6.1% from 2023 to 2028, as per the recent study by MarketsandMarkets™. The polyvinyl alcohol market is mainly driven by the demand for polyvinyl alcohol in various end-use industries, including textiles, paper, adhesive and sealants, building and construction, medical and personal care and packaging among others, coupled with the concerns for the environmental impact. Moreover, it is also driven by rapidly developing and emerging economies such as India and China.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=106878201Browse In-Depth TOC On “Polyvinyl Alcohol (PVOH) Market”135 – Market Data Tables 60 – Figures 280 – Pages List of Key Players in Polyvinyl Alcohol (PVOH) Market:Kuraray Co Ltd (Japan)Anhui Wanwei Group Co Ltd (China)Chang Chun Petrochemicals Co Ltd (Taiwan)Ningxia Dadi Circular Development Corp Ltd (China)Sinopec Sichuan Vinylon Works (China)Sekisui Specialty Chemicals (Japan)Mitsubishi Chemical Corporation (Japan)Japan Vam and Poval Co Ltd (Japan)Merck Kgaa (Germany)Wacker Chemie AG (Germany)Drivers, Restraints, Opportunities and Challenges in Polyvinyl Alcohol (PVOH) Market:Drivers: Polyvinyl Butaryl(PVB) resin to drive the demand for PVOH market.Restraints: Environmental concerns may lead to stringent regulations.Opportunity: Medical applications to create new revenue pockets for the PVOH marketChallenges: Technological advancement in end use industries.Get Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=106878201Key Findings of the Study:Partially hydrolysed is the largest type of polyvinyl alcohol in 2023, in terms of value.The cosmetic and personal care industry drive the demand for PVOH during the forecast period.Asia Pacific is expected to be the fastest growing market for polyvinyl alcohol during the forecast period, in terms of value.Based on application, the Polyvinyl Alcohol market has been segmented into PVB Resin, Adhesive and Sealants, Textiles, Paper, Building and Construction, Packaging and Medical and Personal Care.PVB Resin holds the major market share in value during the forecast period, it is a major component for PVB Films which are used in laminated safety glass. For polyvinyl butyral (PVB) resin, polyvinyl alcohol (PVA/PVOH) can also be utilized as a coating material and as a binder. Medical and Personal care applications will be the fastest growing PVOH applications, PVOH is frequently utilized in the medical industry for various applications like contact lens, it is also a primary component in wound dressings. PVOH also has various cosmetic and personal care applications.Based on type, the Polyvinyl Alcohol market has been segmented into Fully Hydrolyzed Polyvinyl Alcohol, Partially Hydrolyzed Polyvinyl Alcohol and Polyvinyl Alcohol Hydrogels. Partially Hydrolyzed Polyvinyl Alcohol accounted for the largest share, in terms of value, of the global market in 2023. Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=106878201The degree of hydrolysis plays a significant role in determining the water resistance exhibited by partially hydrolyzed PVOH. With a decrease in the degree of hydrolysis, the polymer’s water resistance increases. Partially hydrolyzed PVOH offers a unique combination of characteristics, making it suitable for a wide range of applications. Partially hydrolyzed PVOH is utilized as a warp-sizing agent in the textile industry, providing adhesion and improving the weaving process. It imparts strength, flexibility, and smoothness to fibers. In paper manufacturing, partially hydrolyzed PVOH serves as a surface-sizing agent, enhancing the strength, printability, and water resistance of paper products. It also improves the retention of fillers and pigments. Partially hydrolyzed PVOH finds application in various personal care and cosmetic products. It is commonly used in hair sprays, mousses, and styling gels as a film-forming agent, offering hold, flexibility, and humidity resistance to hairstyles. The water-soluble nature of partially hydrolyzed PVOH makes it suitable for controlled-release applications. It can be employed as a carrier for active ingredients in agricultural products, such as fertilizers and crop protection formulations, ensuring gradual release and improved efficiency. Partially hydrolyzed PVOH serves as a binder in adhesive formulations for diverse applications. It provides excellent adhesion to different substrates, making it suitable for products like labels, tapes, and laminates. It is employed in construction materials, such as cement modifiers and tile adhesives. It improves workability, adhesion, and water resistance, enhancing overall performance.Browse Adjacent Markets Specialty Chemicals Market Research Reports & ConsultingRelated Reports:Graphene MarketGreen Hydrogen MarketMedical Refrigerators MarketBiocides MarketAbout MarketsandMarkets™
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© Reuters. Russian Central Bank Governor Elvira Nabiullina attends a news conference in Moscow, Russia June 14, 2019. REUTERS/Shamil Zhumatov/File Photo
MOSCOW (Reuters) – Russia’s central bank will need two to three months to make sure that inflation is steadily declining before taking any decision on interest rate cuts, the bank’s governor Elvira Nabiullina told RBC media on Sunday.
The central bank raised its key interest rate by 100 basis points to 16% earlier in December, hiking for the fifth consecutive meeting in response to stubborn inflation, and suggested that its tightening cycle was nearly over.
Nabiullina said it was not yet clear when exactly the regulator would start cutting rates, however.
“We really need to make sure that inflation is steadily decreasing, that these are not one-off factors that can affect the rate of price growth in a particular month,” she said.
Nabiullina said the bank was taking into account a wide range of indicators but primarily those that “characterize the stability of inflation”.
“This will take two or three months or more – it depends on how much the wide range of indicators that characterize sustainable inflation declines,” she said.
The bank will next convene to set its benchmark rate on Feb. 16.
The governor also said the bank should have started monetary policy tightening earlier than in July, when it embarked on the rate-hiking cycle.
© Reuters. FILE PHOTO: Workers walk past an under-construction area with completed office towers in the background, in Shenzhen’s Qianhai new district, Guangdong province, China August 25, 2023. REUTERS/David Kirton/File Photo
SHANGHAI (Reuters) – China’s top planning body said on Saturday it had identified a second batch of public investment projects, including flood control and disaster relief programmes, under a bond issuance and investment plan announced in October to boost the economy.
With the latest tranche, China has now earmarked more than 800 billion yuan of its 1 trillion yuan ($140 billion) in additional government bond issuance in the fourth quarter, as it focuses on fiscal steps to shore up the flagging economy.
The National Development and Reform Commission (NDRC) said in a statement on Saturday it had identified 9,600 projects with planned investment of more than 560 billion yuan.
China’s economy, the world’s second largest, is struggling to regain its footing post-COVID-19 as policymakers grapple with tepid consumer demand, weak exports, falling foreign investment and a deepening real estate crisis.
The 1 trillion yuan in additional bond issuance will widen China’s 2023 budget deficit ratio to around 3.8 percent from 3 percent, the state-run Xinhua news agency has said.
“Construction of the projects will improve China’s flood control system, emergency response mechanism and disaster relief capabilities, and better protect people’s lives and property, so it is very significant,” the NDRC said.
The agency said it will coordinate with other government bodies to make sure that funds are allocated speedily for investment and that high standards of quality are maintained in project construction.
($1 = 7.1315 renminbi)
© Reuters. Russian Central Bank Governor Elvira Nabiullina attends a news conference in Moscow, Russia June 14, 2019. REUTERS/Shamil Zhumatov/File Photo
MOSCOW (Reuters) – Russia’s central bank will need two to three months to make sure that inflation is steadily declining before taking any decision on interest rate cuts, the bank’s governor Elvira Nabiullina told RBC media on Sunday.
The central bank raised its key interest rate by 100 basis points to 16% earlier in December, hiking for the fifth consecutive meeting in response to stubborn inflation, and suggested that its tightening cycle was nearly over.
Nabiullina said it was not yet clear when exactly the regulator would start cutting rates, however.
“We really need to make sure that inflation is steadily decreasing, that these are not one-off factors that can affect the rate of price growth in a particular month,” she said.
Nabiullina said the bank was taking into account a wide range of indicators but primarily those that “characterize the stability of inflation”.
“This will take two or three months or more – it depends on how much the wide range of indicators that characterize sustainable inflation declines,” she said.
The bank will next convene to set its benchmark rate on Feb. 16.
The governor also said the bank should have started monetary policy tightening earlier than in July, when it embarked on the rate-hiking cycle.
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