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Polyvinyl Alcohol Fibers Market to Reach US$ 592.16 Mn by 2026

Polyvinyl alcohols fibers have extensive applications in clothing, textiles, fabrics, nonwovens, textiles, cement additives, fishing nets, tire cords, and ropes. Among these, the cement additive fibers are used as substitutes for asbestos in cement additive applications. Furthermore, these fibers are also used as reinforcement materials. Owing to these applications, the polyvinyl alcohols fibers market is predicted to experience expansion opportunities.

Polyvinyl alcohols fibers are becoming popular among different consumer industries on the back of their various properties. Critical weather situations (UV), high Young’s modulus, low elongation, high tenacity, and low creep are some of the key features of polyvinyl alcohol fibers. Furthermore, some other properties such as resistance capacities toward various chemicals such as oil, acid, alkali, etc. may boost growth opportunities in the polyvinyl alcohols fibers market.

As per the research report by Transparency Market Research, the polyvinyl alcohols fibers market is anticipated to reach the valuation of US$ 592.16 Mn during the forecast period from 2018 to 2026.

Multiple characteristics of Polyvinyl Alcohols Fibers are anticipated to Create Lucrative Opportunities in Market

The products from the polyvinyl alcohols fibers market have innumerable characteristics. The products manufactured with the use of polyvinyl alcohols fibers provide a cotton-like feel and a good affinity to water. Furthermore, on burning, these manufactured products do not release toxic gases. This environmental-friendly feature of the product is anticipated to fuel growth opportunities in the polyvinyl alcohols fibers market.

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The fabrics manufactured from polyvinyl alcohols fibers come with easy wash and dry features. Owing to these benefits of polyvinyl alcohol fibers, the products may be replaced with cotton materials. These factors are expected to create sales opportunities in the polyvinyl alcohols fibers market in the forthcoming years.

Apart from clothing, polyvinyl alcohols fibers have various applications in cement additives and nonwovens. Furthermore, they are also used in ropes, fishing nets, and tire cords. This wide range of product application is estimated to fuel sales opportunities in the polyvinyl alcohols fibers market.

Rising Use of Staples Fibers Expected to Boost Expansion Opportunities in Polyvinyl Alcohol Fibers Market

On the basis of product, the polyvinyl alcohols fibers market is divided into staples and filaments. Between these two, the staples segment holds a dominating position in the polyvinyl alcohols fibers market. Staples fibers have an extensive range of applications in different sections such as nonwoven materials, textiles, and cement additives. Furthermore, these staples fibers also find application to produce twisted yarns. These fibers are also applied as cement additives to reinforce cement. Such a wide range of applications of staples is expected to fuel growth opportunities in the polyvinyl alcohols fibers market in the upcoming years.

The market of polyvinyl alcohols fibers is monopolistic in nature. Some of the key players operating in the polyvinyl alcohols fibers market include Kuraray Co. Ltd., MiniFiber, Nycon Corporation, Nitivy Ltd., Sinopec SVW, AnuhiWanwei Group, and Unitika Ltd.

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Asia Pacific Holds a Dominating Position in Polyvinyl Alcohols Fibers Market

The polyvinyl alcohols fibers market is spread across many geographical regions including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Among these regions, the Asia Pacific region holds a dominating share in the market. Japan and China are the two leading countries across the world that are producing polyvinyl alcohols fibers at a larger scale. Owing to the presence of numerous market players, the competition levels in China are comparatively high. On the other hand, Europe and North America have a few players operating in the polyvinyl alcohols fibers market. This may result into sluggish-to-moderate growth of the market in these regions.

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