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Food grade Polyvinyl Acetate Market Size, Share & Industry Analysis, By Type (Granular, Flakes), By Application (Gum Candy, Fresh Fruit, Others) and Regional Forecast, 2020-2027

Region : Global | Report ID: FBI103078

 

KEY INDUSTRY INSIGHTS

Hardwood glue, school glue,  white glue and carpenter glue are preferable to polyvinyl acetyl. It is a thermoplastic resin which is rubber with synthetic formula including polyvinyl ester and a thermoplastic. It quickly dissolves in the combination of alcohol and water and food grade (PVA) edible formulations. They therefore have elevated chances of stability and high oxygen and water vapour, and high PVA coatings gloss. Polyvinyl acetate constructs glossy coatings on the citrus fruits, chocolate  apples, sweets, etc. They are always used for layering on fruits. With PVA coating, the new apples or citrus fruits  appear fresh and juicy, and incorporating propylene glycol helps maintain the coating shine.


Growing requirement for good-quality and  ready-to - eat food items with a longer shelf - life leads to the proliferation of new manufacturing technologies that guarantee that the natural properties and design of the product are not changed drastically, thereby driving market as people are more inclined towards having food the looks fresh and polished. However, volatility in prices  and stringent environmental regulations on the manufacturing process were expected to hinder market growth.


Key Market Driver -

Growing demand for ready to eat edibles coupled with long shelf life drives the market

Key Market Restraint -

Volatility in prices of raw materials restrict the market growth


Market Segmentation:


Based on product type, the market for foodgrade polyvinyl acetate is further segmented into granular and flakes. Based on application, the market for foodgrade polyvinyl acetate is further segmented into gum candy, fresh fruit, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.


Key Players Covered:


The global foodgrade polyvinyl acetate market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the foodgrade polyvinyl acetate market includes Wacker, Brenntag Specialties, VINAVIL, Jiangsu Yinyang Gumbase Materials, Celanese, Foreverest Resources Ltd.,  Nacalai, Shuanghui Rubber Nantong CO.,LTD. and others


Key Insights



  • New Advancements in Production Technologies

  • Key Trends in the Foodgrade Polyvinyl Acetate Market

  • New Product Launches, Expansions, Key Players

  • Ranking of Key Players in the Market


Regional Analysis:


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In terms of Geography, the foodgrade polyvinyl acetate market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of both consumption and output the North America dominates the foodgrade polyvinyl acetate market.  Food & beverage manufacturing companies as well as retail outlets in the region embrace food grade polyvinyl acetate solutions in their product portfolio in an attempt to expand the shelf life of the edibles. Asia Pacific has a significant market share, as most manufacturing companies implement polyvinyl acetate in their food grade material. This is because, due to several benefits over conventional polymer, food grade polyvinyl acetate has emerged as a replacement for synthetic plastic for food applications and has gained considerable attention during recent years. Europe has seen prominent market growth due to increased demand for foods with a long shelf life and thus increased demand for polyvinyl acetate in food and beverage industry. Middle East and Africa are predicted to face sluggish growth due to the influence of tight regulations by the governments. As a result of the limited number of manufacturers slowing down market growth, Latin America is seeing relatively slow growth.


Segmentation






















 ATTRIBUTE


  DETAILS

By Type




  • Granular

  • Flakes



By Application




  • Gum Candy

  • Fresh Fruit

  • Others



By Geography




  • North America (USA, Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

  • Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)



Food grade Polyvinyl Acetate Industry Developments



  • On 8th March, 2019, Celanese announced that it is going to expand Clear Lake acetic acid facility. This project delivers unique network rate flexibility, improved cost structure of the global acetic acid product portfolio. The expansion will facilitate productivity options within its global acetic acid network in both Singapore and Nanjing, China.


Food grade Polyvinyl Acetate Market Review

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