Polyvinyl Alcohol Fiber Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Overview: Market Research Future (MRFR) has revealed in its new study that the global polyvinyl alcohol fiber market is projected to expand at a CAGR of 4.05% during the forecast period 2018 to 2023. Its estimated valuation is expected to grow from USD 322.45 Mn in 2017 to USD 409.14 Mn towards the end of 2023. The growth trajectory of the market is presumed to be dictated by the adoption of water-soluble PVA fiber and robust demand for high strength modulus polyvinyl alcohol (PVA). Major parts of the world are already moving towards urbanization and industrialization which has led to a drastic rise in the growth of the construction sector. PVA fiber is extensively used in the construction sector for different applications such as fiber cement boards, tiles, pipes, advanced road construction, airport runways, tunnels, and bridges. This, in turn, is projected to aid the proliferation of the global polyvinyl alcohol fiber market in the upcoming years. PVA fiber has capitalize...