Polyvinylpyrrolidone (PVP) Market Size to Reach USD 3,050.14 Million at a CAGR of 6.2% by 2030 | Reports and Data

Published April 11, 2023

The global Polyvinylpyrrolidone (PVP) Market is projected to witness significant growth in the coming years due to the increasing demand for biodiesel as a renewable source of energy. Polyvinylpyrrolidone (PVP) is used as a catalyst in the production of biodiesel and its demand is expected to rise as more countries implement regulations and initiatives to reduce carbon emissions. The Asia Pacific region is expected to dominate the market, driven by the growing chemical and pharmaceutical industries in countries like China and India. The market is also expected to see growth in North America and Europe due to the rising demand for biodiesel and other renewable fuels.

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Top Leading Players In The Global Polyvinylpyrrolidone (PVP) Market Are:

BASF SE, Ashland Global Holdings Inc., Merck KGaA, Boai NKY Pharmaceuticals Ltd., NIPPON SHOKUBAI CO., LTD., Thermo Fisher Scientific Inc., JH Nanhang Life Sciences Co., Ltd., Zhejiang NetSun Co., Ltd., Glide Chem Private Limited, and Star-Tech & JRS Specialty Products Co., Ltd., among others.

Some Key Highlights from the Report:

  • The North American market will account for a larger share of revenue in 2021. Advances in market-changing chemical research and development and technology are driving market revenue growth in this region. The United States is a leader in integrating market-changing technologies into manufacturing. Consumers in this region are experiencing strong use of electrical and electronic products as well as demand for electric vehicles (EVs), which is significantly driving demand for polyvinylpyrrolidone (PVP) in this region.
  • In addition, market revenue growth in this region is notable for the rise in average households. According to the United States Census Bureau, the median household income is $67,521 in 2020. Polyvinylpyrrolidone (PVP) is an essential raw material for the manufacture of beauty products and cosmetics. These factors are driving the growth of the polyvinylpyrrolidone (PVP) market in this region.
  • On June 2, 2021, Boai NKY Pharmaceuticals Ltd. partnered with Harke Pharma to expand the distribution partnership of PVP and PVPP in Eastern Europe. This partnership between the two companies will make it possible to become a strategic distributor of excipients and a provider of solutions in this area.
  • On April 30, 2021, Ashland Global Holdings Inc., a leading US-based specialty materials company, acquired the personal care business of Schülke & Mayr GmbH. The completion of this acquisition will expand Ashland’s scientific expertise in biotechnology and microbiology while strengthening the company’s consumer business portfolio and position in specialty additives.

Segments covered in the report:

Grade Outlook (Revenue, USD Billion; 2019-2030)

  • K12
  • K17
  • K25
  • K30
  • K90
  • Others

Fiber Type Outlook (Revenue, USD Billion; 2019-2030)

  • Powder
  • Liquid

Application Outlook (Revenue, USD Billion; 2019-2030)

  • Pharmaceuticals
  • Solvents
  • Electrical and electronics
  • Adhesives
  • Cosmetics
  • Others

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Polyvinylpyrrolidone (PVP) Market Upcoming Growth:

Polyvinylpyrrolidone is a water-soluble polymer used in a variety of industries such as pharmaceuticals, cosmetics, food and beverage, and personal care products. The market for PVP has seen steady growth in the past few years, and this trend is expected to continue in the near future. Some of the key factors driving the growth of the PVP market include:

  1. Growing demand for pharmaceuticals: PVP is widely used as a binder, disintegrant, and solubilizer in the pharmaceutical industry. With the increasing demand for pharmaceuticals, the demand for PVP is also expected to grow.
  2. Rising demand for personal care products: PVP is used as a hair fixative, thickener, and emulsifier in the personal care industry. With the growing demand for personal care products, the demand for PVP is also expected to increase.
  3. Increasing use in food and beverage industry: PVP is used as a clarifying agent and stabilizer in the food and beverage industry. With the increasing demand for processed foods and beverages, the demand for PVP is also expected to grow.
  4. Growing demand from emerging economies: Emerging economies such as India and China are witnessing rapid industrialization and urbanization, leading to increased demand for PVP in various industries.

Regional Outlook:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

  • What are the dominating factors that are influencing the growth of the industry?
  • In the forecast period, which market segment is expected to rise the most?
  • What are the risks and challenges that the industry is facing?
  • In the coming years, which area is projected to dominate the market?
  • Who are the major players in the market?
  • What kind of strategic business plans have they made?

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