Polyvinylpyrrolidone Market is segmented by Form Type (Powder and Liquid), by Application Type (Pharmaceutical, Food and Beverage, Cosmetics, Adhesives, and Others), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others])
Polyvinylpyrrolidone Market is segmented by Form Type (Powder and Liquid), by Application Type (Pharmaceutical, Food and Beverage, Cosmetics, Adhesives, and Others), and by Region...
Polyvinylpyrrolidone is a polymer compound with a long and repeating structure. It is soluble in water and other polar solvents. In dry form, it has a flaky texture and high-water absorption capacity, and it is fatally harmful to aquatic life. It has excellent wetting properties and easily forms films, making it suitable for coating or as a coating additive.
Market Drivers
Rising demand for polyvinylpyrrolidone in applications such as adhesives, pharmaceuticals, food & beverage, cosmetics, and other applications would drive the growth of the market over the forecast period. The production of shampoos, conditioners, hair sprays, mousses, and hair dyes is likely to increase the demand for the product, propelling the growth of the market during the forecast period.
Furthermore, it is estimated that the product's exceptional film-forming, anti-microbial, moisture-holding, and non-allergic capabilities will be the major factors driving the market's expansion in the coming years. Additionally, the product’s demand is likely to increase due to its increasing application in the production of nail polish, lipsticks, skin creams, sunscreen, and mascara.
COVID-19 Impact
COVID-19 had a negative impact on the market. All the applications of polyvinylpyrrolidone were impacted by the COVID-19 pandemic, except the pharmaceutical sector. Global supply networks were interrupted as a result of the pandemic. Production was impacted by lockdowns in many nations as factories and manufacturing facilities were closed.
Segments Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
Form-Type Analysis
Powder and Liquid
Powder form is expected to remain the fastest-growing form type in the market during the forecast period.
Application-Type Analysis
Pharmaceutical, Food and Beverage, Cosmetics, Adhesives, and Others
Pharmaceutical application is expected to remain the biggest demand generator during the forecast period.
Regional Analysis
North America, Europe, Asia-Pacific, and Rest of the World
Asia-Pacific is expected to remain the largest and fastest-growing market for polyvinylpyrrolidone during the forecast period.
By Form Type
“Powder form type is expected to remain the fastest-growing form type in the market during the forecast period”.
The market is segmented into powder and liquid forms. Powder form is gaining traction in the market and is expected to remain the fastest-growing form type in the market during the forecast period. Due to its high solubility with water and organic solvents, this form has key applications in the food & beverage and pharmaceutical industries.
By Application Type
“Pharmaceutical application type is expected to remain the biggest demand generator for polyvinylpyrrolidone during the forecast period”.
The market is segmented as pharmaceuticals, food & beverage, cosmetics, adhesives, and others. Pharmaceutical application is expected to remain the biggest demand generator for polyvinylpyrrolidone during the forecast period. Rising demand for polyvinylpyrrolidone in the pharmaceuticals industry as a cosolvent, disinfectant for sterilization, dispersion stabilizer, and drug solubilizer is anticipated to drive market expansion.
The product is used to make a number of drugs which include aspirin, dimethyl tetracycline, dipyridamole, and paracetamol. It is a key component of injections and medications for the eyes. The polymer's use in ophthalmic treatments reduces eye irritation and increases the time that eyes remain open, which will encourage its use in the pharmaceutical industry over the forecast period.
Regional Analysis
“Asia-Pacific is expected to remain the largest and fastest-growing market for polyvinylpyrrolidone during the forecast period”.
The market is broken down geographically into areas, namely North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In terms of regions, Asia-Pacific is expected to remain the largest and fastest-growing market for polyvinylpyrrolidone during the forecast period. Due to the region's growing pharmaceutical industry, the demand for polyvinylpyrrolidone has been rising in countries such as China, India, and Japan.
Polyvinylpyrrolidones are widely used in the pharmaceutical industry in China, which is the world's largest producer of pharmaceutical ingredients, as a secure binder and blood plasma expander. Furthermore, growth in the region's adhesive industry would support the regional market expansion.
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Key Players
The following are the key players in the Polyvinylpyrrolidone Market (arranged alphabetically)
Shanghai Yuking Water Soluble Material Tech Co. Ltd
Sigma-Aldrich Co. LLC
Zhangzhou Huafu Chemical Co. Ltd.
Note: The above list does not necessarily include all the top players in the market.
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Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of Polyvinylpyrrolidone Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and Forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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10% free customization
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
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The polyvinylpyrrolidone market is driven by the rising demand for the product from various end-use industries and the increasing application of the product due to its exceptional properties.
Asia-Pacific is estimated to remain dominant in the polyvinylpyrrolidone market in the foreseen future on account of the increasing demand for the product from the growing end-use industries of the region.
Asia-Pacific is expected to remain the fastest-growing market for polyvinylpyrrolidone in the foreseeable future, owing to the rising demand for the product in key economies such as China, India, and Japan, as well as the region's growing adhesive industry.
Pharmaceutical application is expected to remain dominant in the polyvinylpyrrolidone market during the forecast period due to the rising demand for polyvinylpyrrolidone in the pharmaceutical industry as a cosolvent, disinfectant for sterilization, dispersion stabilizer, and drug solubilizer.
BASF SE, Zhangzhou Huafu Chemical Co. Ltd., Hangzhou Motto Science & Technology Co. Ltd., Shanghai Yuking Water Soluble Material Tech Co. Ltd., Sigma-Aldrich Co. LLC, Shanghai Qifuqing Material Technology Co. Ltd., Divnova Specialities Pvt. Ltd., JH Nanhang Life Sciences Co. Ltd., Research Laboratories Pvt. Ltd., and N Shashikant & Co are the leading players in the polyvinylpyrrolidone market.
