Report Details:
15 Companies Covered
100 Pages
Press release/- Market Research Future Published a Half Cooked Research Report on Global Polyvinylpyrrolidone Research Report.
Market Research Future (MRFR) has published a cooked research report on the “Global Polyvinylpyrrolidone Market” that contains information from 2024 to 2032.The Global Polyvinylpyrrolidone Market is estimated to register a CAGR of 5.71% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the Global Polyvinylpyrrolidone Market— Ashland, BASF SE, Zhangzhou HuaFu Chemical Co. Ltd., Hangzhou Motto Science & Technology Co. Ltd., Shanghai Yuking Water Soluble Material Tech Co. Ltd, Alfa Aesar, and Thermo Fisher Scientific.
Polyvinylpyrrolidone Market Highlights
As per Market Research Future (MRFR) analysis, the Global Polyvinylpyrrolidone Market was valued at USD 1.59 billion in 2023 and is projected to grow to USD 2.64 billion by 2032, registering a CAGR of 5.71% from 2024 to 2032.
Global Polyvinylpyrrolidone (PVP) Market refers to the worldwide market for a synthetic polymer known as polyvinylpyrrolidone. PVP is a water-soluble polymer that is widely used in various industries due to its unique properties, including high solubility, non-toxicity, and excellent film-forming capabilities.
PVP is used in various industrial processes, including adhesives, coatings, and ink formulations, owing to its binding and stabilizing capabilities.
The market for PVP is influenced by factors such as the growth of end-user industries, technological advancements, and regulatory requirements.
Segment Analysis
The Global Polyvinylpyrrolidone Market has been segmented based on grade and application.
On the basis of grade, the market is segmented into PVP K-15, PVP K-30 and PVP K-60. The PVP K-30 segment dominated the market, accounting for 39% of market revenue in 2022. PVP K-15 will grow and expand significantly during the projected timeframe, boosting market demand.
Based on application, the market has been segmented into pharmaceuticals, cosmetics, food & beverage and adhesives. The pharmaceuticals category generated the highest market revenue of about 49% in 2022. Polyvinylpyrrolidone (PVP) is widely used in pharmaceutical formulations as an adhesive coating substance that suspends substance pore-former, solubilizer, stabilizer, and other additives in traditional compositions and new regulated or targeted delivery techniques.
Regional Analysis
The Global Polyvinylpyrrolidone Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Polyvinylpyrrolidone Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Polyvinylpyrrolidone Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Polyvinylpyrrolidone Market comprises of Middle East, Africa, and Latin America.
The North American region, including the United States and Canada, represents a significant market for PVP. The pharmaceutical and personal care industries are major consumers of PVP in this region, driving the demand for the polymer.
Europe is another prominent market for PVP, with countries like Germany, France, and the United Kingdom being major consumers and producers of the polymer. The pharmaceutical sector, in particular, plays a crucial role in driving the demand for PVP in Europe.
The Asia-Pacific region, including countries like China, India, Japan, and South Korea, is a rapidly growing market for PVP. The increasing population, rising disposable incomes, and expanding pharmaceutical and personal care industries contribute to the growing demand for PVP in this region.
Furthermore, the rest of the world's Global Polyvinylpyrrolidone Market is divided into the Middle East, Africa, and Latin America. Countries in Latin America, such as Brazil and Mexico, have a growing demand for PVP, primarily driven by the pharmaceutical and personal care sectors.
Key Findings of the Study
- The North American region, including the United States and Canada, represents a significant market for PVP. The pharmaceutical and personal care industries are major consumers of PVP in this region, driving the demand for the polymer.
- Based on application, the market has been segmented into pharmaceuticals, cosmetics, food & beverage holding the largest market in 2022.
- Ashland, BASF SE, Zhangzhou HuaFu Chemical Co. Ltd., Hangzhou Motto Science & Technology Co. Ltd., Shanghai Yuking Water Soluble Material Tech Co. Ltd, Alfa Aesar, and Thermo Fisher Scientific.
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