Polyvinylpyrrolidone Market
Polyvinylpyrrolidone Market Forecasts to 2028 - Global Analysis By Form (Liquid and Powder), Grade (High Molecular Weight, Medium Molecular Weight and Other Grades), Application and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $2.67 BN |
|
Projected Year Value (2028) |
US $4.90 BN |
|
CAGR (2022 - 2028) |
10.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Polyvinylpyrrolidone Market is accounted for $2.67 billion in 2022 and is expected to reach $4.90 billion by 2028 growing at a CAGR of 10.6% during the forecast period. Polyvinylpyrrolidone (PVP), commonly known as polyvidone, is a polymer formed of water-soluble NVP. It is utilized as an addition to many coatings because of its excellent wetting qualities and capacity to form films. In addition to all of the advantages listed above, PVP also possesses exceptional film-forming, anti-prophylactic, and glue forming capabilities, making it an excellent chemical for both the production and consuming sectors of the economy.
According to The Association of the British Pharmaceutical Industry (ABPI), the global pharmaceutical R&D spending from 2007 to 2016 was recorded to be around US$ 1.36 trillion that is forecasted to increase with an annual investment of US$ 181 Billion by the end of 2022.
Market Dynamics:
Driver:
Increasing adoption of polyvinylpyrrolidone
The use of polyvinylpyrrolidone, which blocks the polyvinylidene difluoride (PVDF) membrane and prevents nonspecific binding, is becoming more prevalent in a variety of applications, including water treatment, membrane distillation, gas separation, pollutant removal, and bioethanol recovery. Increasing demand for the product for manufacturing adhesives is projected to contribute to the market growth during the forecast period.
Restraint:
Fluctuating prices of raw materials
Raw material prices are always changing, with the last year being particularly unstable for commodities, demonstrating little to no consistency. This volatility was brought on by significant spillovers of other chemicals and commodities, such as oil and gas, which exposed PVP raw material prices to skyrocket.
Opportunity:
Increase in adoption of pets
Increased pet adoption due to lifestyle upgrades in emerging nations is also one of the key factors likely to push demand for animal healthcare products such as antiseptics and veterinary shampoos in the near future. During the projected period, this is anticipated to grow the global PVP market.
Threat:
Availability of raw materials
The volatility of raw material availability and prices may be a hindrance to industry expansion. The expansion of the market is projected to be constrained by the substitution of hyaluronate for polyvinylpyrrolidone in skin care products and intracytoplasmic sperm injection.
Covid-19 Impact
COVID-19 had a negative impact on the market in 2020. All of the uses of polyvinylpyrrolidone were impacted by the COVID-19 pandemic, with the exception of the pharmaceutical sector. Global supply networks have been interrupted as a result of the pandemic. Production was impacted by lockdowns in many nations as important factories and manufacturing facilities were closed. However, since then, the industry has begun to rebound.
The liquid segment is expected to be the largest during the forecast period
The liquid segment is estimated to have a lucrative growth, due to its extensive use in pharmaceuticals as a plasma volume expander administered to trauma patients as well as a binder for numerous medicinal medicines and tablets. When consumed inadvertently, it just leaves the body. A coating agent for ink-jet printers is also employed in liquid form because of its outstanding polar structure.
The cosmetics segment is expected to have the highest CAGR during the forecast period
The cosmetics segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the wide usage of PVP in number of applications. In many cosmetic products, it serves as a binder, film forming, hair fixative, dispersion agent, surfactant, viscosity enhancer, and stabiliser. Shampoos, hair sprays, hair setting lotions, eye shadows, eyeliners, mascara, lipsticks, nail polishes, shaving creams, and moisturizers are just a few cosmetic products that are made with PVP as a component.
Region with highest share:
North America is projected to hold the largest market share during the forecast period owing to growing demand from end user industries including pharmaceutical and personal care, and rising awareness about the PVP advantages in healthcare applications. Due to the US Food and Drug Administration (FDA) of the use of PVP as a safe ingredient in several medical treatments, the market in the US is expected to experience significant growth.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, owing to increasing application & services from cosmetics, food & beverage and adhesive industries. India and China are anticipated to hold the lion's share of the market in the region, primarily because more people are becoming aware of and accepting the use of PVP products as a raw material in different applications and because there is an increase in foreign investment in the sector, which is driving innovations and technological advancements.
Key players in the market
Some of the key players profiled in the Polyvinylpyrrolidone Market include Ashland, BASF SE, Boai NKY Pharmaceuticals Ltd, Huangshan Bonsun Pharmaceuticals Co. Ltd, JH Nanhang Life Sciences Co. Ltd, Nippon Shokubai Co. Ltd., Glide Chem Private Limited, Hangzhou Sunflower Technology Development Co. Ltd., Dongying City Huaan Chemical Industry Co. Ltd, Star-Tech Specialty Products Co. Ltd., Nacalai Tesque Inc, Zhangzhou Huafu Chemical Co., Ltd., Ingredients Plus (NZ) Ltd, The DOW Chemical Company
Key Developments:
In June 2021, Harke Pharma expanded its distribution through a partnership with BOAI NKY. The two partners would cooperate in Russia and several CIS countries. The partnership would help better support Harke Pharma’s pharmaceutical customers in Eastern Europe.
In March 2021, Ashland expanded its Viatel™ bioresorbable polymers manufacturing facility and relocated its R&D to a new location in Mullingar, Ireland. This facility expansion enables Ashland to focus on meeting the needs of the customers as they conduct clinical trials and prepare for commercialization.
In January 2020, BASF completed the acquisition of Solvay’s polyamide business. With innovative and well-known products such as Technyl®, the transaction expands BASF’s polyamide capabilities. This will enable BASF to provide even better-engineered plastics solutions to its clients, such as for autonomous driving and e-mobility. The deal also improves the company’s access to emerging markets in Asia, as well as North and South America.
In January 2020, Ashland Global Holdings Inc. reached a definitive deal to buy Schülke & Mayr GmbH’s personal care business, which is a portfolio company of the global investment firm EQT. The acquisition fits Ashland’s objective of expanding its consumer business portfolio.
Forms Covered:
• Liquid
• Powder
Grades Covered:
• High Molecular Weight
• Medium Molecular Weight
• Low Molecular Weight
• Copovidone
• Crospovidone
• Other Grades
Applications Covered:
• Food & Beverage
• Pharmaceutical
• Electrical & Electronics
• Solvents
• Cosmetics
• Adhesives
• Membranes
• Home Care
• Agrochemicals
• Ceramics
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Polyvinylpyrrolidone Market, By Form
5.1 Introduction
5.2 Liquid
5.3 Powder
6 Global Polyvinylpyrrolidone Market, By Grade
6.1 Introduction
6.2 High Molecular Weight
6.2.1 K90
6.2.2 Other High Molecular Weights
6.3 Medium Molecular Weight
6.3.1 K25
6.3.2 K30
6.4 Low Molecular Weight
6.4.1 K12
6.4.2 K17
6.5 Copovidone
6.6 Crospovidone
6.7 Other Grades
7 Global Polyvinylpyrrolidone Market, By Application
7.1 Introduction
7.2 Food & Beverage
7.2.1 Non-alcoholic
7.2.2 Alcoholic
7.3 Pharmaceutical
7.3.1 Tablets
7.3.2 Liquid Suspensions/Ointment
7.3.3 Injections
7.4 Electrical & Electronics
7.4.1 Batteries
7.4.2 Polychlorinated Biphenyls (PCBs)
7.4.3 Other Electrical & Electronics
7.5 Solvents
7.5.1 Inks
7.5.2 Polishing Agents
7.5.3 Paints & Coatings
7.6 Cosmetics
7.6.1 Hair Fixative Polymers
7.6.2 Perfumes
7.6.3 Oral Care
7.6.4 Skin Care
7.7 Adhesives
7.7.1 Hot Melt Adhesives
7.7.2 Skin Adhesives
7.7.3 Thickeners
7.8 Membranes
7.8.1 Hemodialysis
7.8.2 Water
7.9 Home Care
7.10 Agrochemicals
7.11 Ceramics
7.12 Other Applications
8 Global Polyvinylpyrrolidone Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Ashland
10.2 BASF SE
10.3 Boai NKY Pharmaceuticals Ltd
10.4 Huangshan Bonsun Pharmaceuticals Co. Ltd
10.5 JH Nanhang Life Sciences Co. Ltd
10.6 Nippon Shokubai Co. Ltd.
10.7 Glide Chem Private Limited
10.8 Hangzhou Sunflower Technology Development Co. Ltd.
10.9 Dongying City Huaan Chemical Industry Co. Ltd
10.10 Star-Tech Specialty Products Co. Ltd.
10.11 Nacalai Tesque Inc
10.12 Zhangzhou Huafu Chemical Co., Ltd.
10.13 Ingredients Plus (NZ) Ltd
10.14 The DOW Chemical Company
List of Tables
1 Global Polyvinylpyrrolidone Market Outlook, By Region (2020-2028) ($MN)
2 Global Polyvinylpyrrolidone Market Outlook, By Form (2020-2028) ($MN)
3 Global Polyvinylpyrrolidone Market Outlook, By Liquid (2020-2028) ($MN)
4 Global Polyvinylpyrrolidone Market Outlook, By Powder (2020-2028) ($MN)
5 Global Polyvinylpyrrolidone Market Outlook, By Grade (2020-2028) ($MN)
6 Global Polyvinylpyrrolidone Market Outlook, By High Molecular Weight (2020-2028) ($MN)
7 Global Polyvinylpyrrolidone Market Outlook, By K90 (2020-2028) ($MN)
8 Global Polyvinylpyrrolidone Market Outlook, By Other High Molecular Weights (2020-2028) ($MN)
9 Global Polyvinylpyrrolidone Market Outlook, By Medium Molecular Weight (2020-2028) ($MN)
10 Global Polyvinylpyrrolidone Market Outlook, By K25 (2020-2028) ($MN)
11 Global Polyvinylpyrrolidone Market Outlook, By K30 (2020-2028) ($MN)
12 Global Polyvinylpyrrolidone Market Outlook, By Low Molecular Weight (2020-2028) ($MN)
13 Global Polyvinylpyrrolidone Market Outlook, By K12 (2020-2028) ($MN)
14 Global Polyvinylpyrrolidone Market Outlook, By K17 (2020-2028) ($MN)
15 Global Polyvinylpyrrolidone Market Outlook, By Copovidone (2020-2028) ($MN)
16 Global Polyvinylpyrrolidone Market Outlook, By Crospovidone (2020-2028) ($MN)
17 Global Polyvinylpyrrolidone Market Outlook, By Other Grades (2020-2028) ($MN)
18 Global Polyvinylpyrrolidone Market Outlook, By Application (2020-2028) ($MN)
19 Global Polyvinylpyrrolidone Market Outlook, By Food & Beverage (2020-2028) ($MN)
20 Global Polyvinylpyrrolidone Market Outlook, By Non-alcoholic (2020-2028) ($MN)
21 Global Polyvinylpyrrolidone Market Outlook, By Alcoholic (2020-2028) ($MN)
22 Global Polyvinylpyrrolidone Market Outlook, By Pharmaceutical (2020-2028) ($MN)
23 Global Polyvinylpyrrolidone Market Outlook, By Tablets (2020-2028) ($MN)
24 Global Polyvinylpyrrolidone Market Outlook, By Liquid Suspensions/Ointment (2020-2028) ($MN)
25 Global Polyvinylpyrrolidone Market Outlook, By Injections (2020-2028) ($MN)
26 Global Polyvinylpyrrolidone Market Outlook, By Electrical & Electronics (2020-2028) ($MN)
27 Global Polyvinylpyrrolidone Market Outlook, By Batteries (2020-2028) ($MN)
28 Global Polyvinylpyrrolidone Market Outlook, By Polychlorinated Biphenyls (PCBs) (2020-2028) ($MN)
29 Global Polyvinylpyrrolidone Market Outlook, By Other Electrical & Electronics (2020-2028) ($MN)
30 Global Polyvinylpyrrolidone Market Outlook, By Solvents (2020-2028) ($MN)
31 Global Polyvinylpyrrolidone Market Outlook, By Inks (2020-2028) ($MN)
32 Global Polyvinylpyrrolidone Market Outlook, By Polishing Agents (2020-2028) ($MN)
33 Global Polyvinylpyrrolidone Market Outlook, By Paints & Coatings (2020-2028) ($MN)
34 Global Polyvinylpyrrolidone Market Outlook, By Cosmetics (2020-2028) ($MN)
35 Global Polyvinylpyrrolidone Market Outlook, By Hair Fixative Polymers (2020-2028) ($MN)
36 Global Polyvinylpyrrolidone Market Outlook, By Perfumes (2020-2028) ($MN)
37 Global Polyvinylpyrrolidone Market Outlook, By Oral Care (2020-2028) ($MN)
38 Global Polyvinylpyrrolidone Market Outlook, By Skin Care (2020-2028) ($MN)
39 Global Polyvinylpyrrolidone Market Outlook, By Adhesives (2020-2028) ($MN)
40 Global Polyvinylpyrrolidone Market Outlook, By Hot Melt Adhesives (2020-2028) ($MN)
41 Global Polyvinylpyrrolidone Market Outlook, By Skin Adhesives (2020-2028) ($MN)
42 Global Polyvinylpyrrolidone Market Outlook, By Thickeners (2020-2028) ($MN)
43 Global Polyvinylpyrrolidone Market Outlook, By Membranes (2020-2028) ($MN)
44 Global Polyvinylpyrrolidone Market Outlook, By Hemodialysis (2020-2028) ($MN)
45 Global Polyvinylpyrrolidone Market Outlook, By Water (2020-2028) ($MN)
46 Global Polyvinylpyrrolidone Market Outlook, By Home Care (2020-2028) ($MN)
47 Global Polyvinylpyrrolidone Market Outlook, By Agrochemicals (2020-2028) ($MN)
48 Global Polyvinylpyrrolidone Market Outlook, By Ceramics (2020-2028) ($MN)
49 Global Polyvinylpyrrolidone Market Outlook, By Other Applications (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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