Polyvinyl Alcohol Fiber Market Share

Polyvinyl Alcohol Fiber Market Share Analysis

Polyvinyl alcohol (PVA) fiber has a wide range of uses in things like construction, textiles, fishing nets, paper, filters, and non-woven materials. But, one of the most important uses is in construction, where there's a growing need for it every year. This is because PVA fiber has some really useful properties, like being very strong, resistant to stretching, and able to withstand heat and UV rays. These qualities make it perfect for construction work. Plus, PVA fiber dissolves in water and is often used to strengthen concrete. It's become a popular replacement for asbestos because it helps prevent cracks and leaks in cement products. In construction, PVA fiber is used in various things like fiber cement boards, tiles, pipes, strong ropes, safety nets, reinforced rubber for tires and conveyor belts, fire hoses, and regular hoses. So, the demand for PVA fiber is growing, thanks to its extensive use in construction.
The global market for construction chemicals has been growing a lot lately and is expected to keep growing at a healthy rate of over 6.5% in the coming years. This is linked to the booming construction industry worldwide. In the U.S., for example, construction revenue has crossed the USD 1 trillion mark and is predicted to reach USD 1.7 trillion by 2020. Asia-Pacific is also experiencing a construction boom due to a growing population, economic reforms, and government initiatives like Make in India. In the Gulf Cooperation Council (GCC) countries, construction is seen as a key sign of economic growth. The region is expected to spend around USD 480 billion on construction, with a big chunk going into infrastructure development. All these factors are creating a higher demand for construction chemicals, and that's where PVA fiber comes in. As the need for construction chemicals, including PVA fiber, increases, the overall PVA fiber market is likely to grow too.