Polyvinylpyrrolidone Market - Forecast(2023 - 2028)

Polyvinylpyrrolidone Market Overview:

The American Thoracic Society (ATS) highlights that malignant pleural effusion affects approximately 200,000 U.S. residents annually. This implicates increasing medical investment in pleurodesis treatment accelerating the demand scopes for polyvinylpyrrolidone (PVP), which is extensively used for the pleural fusion procedure. The polyvinylpyrrolidone market is also expanding its stretches with subsequent utilization in the medical industry as a plasma volume expander for treating hemorrhagic conditions and in preparation of several disinfectants such as pyodine and betadine. The global polyvinylpyrrolidone market revenue stood at $1.87 billion in the year 2018 with a boosting demand growth which is projected to grow at a CAGR of 8.57% during the forecast period of 2019-2025. According to the Association of Optometrists (AOP), the European contact lens market experienced a growth of 4.3%.This indicates an upsurging demand for the surfactants during contact lens packaging which is likely to expedite the polyvinylpyrrolidone market demand in this region. With a total income resource of $138.2 billion of the European steel industry, it is largely dependent on the steel quenching mechanism. Consequently, this elevates the growth prospect for the polyvinylpyrrolidone market. The aforementioned factors collectively with rising demand by pharmaceutical and adhesive industries influence Europe’s regional share owing to which it contributed 32% to the global polyvinylpyrrolidone market as of 2018.

IndustryARC’s analyst reckons that the pharmaceutical, cosmetic, and food and beverage industry procure huge demand over the global polyvinylpyrrolidone market for the manufacturing of ointments, disinfectants, shampoos, hair gels and sprays, and alcohols. The combined CAGR for polyvinylpyrrolidone demand generated by this segment is estimated to grow at 8.9% through to 2025.

Polyvinylpyrrolidone Market Growth Drivers:

Steel is a primary raw material in several mainstream industries such as automotive, electronics and electrical, aerospace, paint and coating, and many more. Quenching process for steel hardening has an active contribution in the increasing demand for polyvinylpyrrolidone market significantly upheaving the economic growth factor. With a strong purchasing power of the global population, there is a high demand for the consumer and medical goods market which includes adhesives, emulsifiers, hair cleansers, ointment solutions, and so on. This signifies an effective rise in the revenue generation of the polyvinylpyrrolidone market being utilized in the manufacturing of the aforementioned products.

Polyvinylpyrrolidone Market Key Players:

Several pioneering companies influence the polyvinylpyrrolidone market revenue growth with an effective contribution through the production of various products and solutions which are utilized for different industrial purposes. The companies focused on in this report includes BASF SE, Ashland Inc., Sisco Research Laboratories, Zhangzhou Huafu Chemical Co. Ltd., Hangzhou Motto Science & Technology Co. Ltd., The Good Scents Company, Shanghai Yuking Water Soluble Material Tech Co., Ltd, Nippon Shokubai, and Shanghai Qifuqing Material Technology Co., Ltd, and others.

Nippon Shokubai is Japanese chemical and catalyst manufacturing company which distributes several specialty chemicals, green energy materials, polymer, and others to various industries also accredited for supplying high-quality commercial polyvinylpyrrolidone to the customers.

Polyvinylpyrrolidone Market Trends:

· Being non-toxic in nature polyvinylpyrrolidone finds a place in the medical industry as lubricants and additives in eye drops and hydrogel contact lenses extensively gathering the focus of several pharmaceutical industries.

· Hot melt adhesives are gaining immense popularity in the overseas countries owing to its high-intensity sealing properties. Polyvinylpyrrolidone is a prime component in the manufacturing of hot melt adhesives thereby gaining immense growth since these adhesives have penetrated into crafts and artworks in recent times in addition to fixing and attaching mechanism.

Polyvinylpyrrolidone Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Polyvinylpyrrolidone market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Polyvinylpyrrolidone in Polyvinylpyrrolidone market and their specific applications in different areas.