Polyvinylpyrrolidones (PVP) Market: Introduction
Polyvinylpyrrolidones (PVP) market deals with such polymers that are water-soluble and produced from monomer N-vinylpyrrolidone. Due to its special binding abilities, Polyvinylpyrrolidone finds application across various industries including pharmaceutical, food & beverage, construction, cosmetics, etc.
The global Polyvinylpyrrolidones (PVP) market is expected to foray ahead with a higher single-digit CAGR over the forecast period of 2018-2028.
The approval from the US FDA (United States Food & Drug Administration) for the use of Polyvinylpyrrolidones across various medical applications is a positive trend escalating the use of Polyvinylpyrrolidones in the pharma industry.
Moreover, the growing construction sector, advancements in Polyvinylpyrrolidones (PVP), high demand from the end-use industries coupled with growing application industries are some of the factors providing traction to the Polyvinylpyrrolidones (PVP) market growth.
However, owing to the adverse effects of Polyvinylpyrrolidone in Intracytoplasmic Sperm Injection (ICSI), its adoption is being restricted which is hampering the market growth.
Growing application industries worldwide is providing traction to the Polyvinylpyrrolidones market growth over the forecast period
Pharmaceutical, construction, and cosmetics are some of the industries that are witnessing promising growth from the recent past. Growing industries tend to enable a wide pool of opportunities for Polyvinylpyrrolidones.
As per 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.
Polyvinylpyrrolidones are widely adopted in the pharma industry as a safe binder and blood plasma expander. Furthermore, according to the Institution of Civil Engineers, UK, a report “Global Construction Perspectives and Oxford Economics” suggests that the global construction market is expected to reach US$ 8 trillion by the end of 2030.
An increase in the construction industry tends to increase the number of infrastructure and buildings that further create a wide adoption base for the Polyvinylpyrrolidones (PVP) as it is widely used for adhesion purposes, thereby driving the Polyvinylpyrrolidones market growth over the forecast period.
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Polyvinylpyrrolidones (PVP) Market: Regional Outlook
The global Polyvinylpyrrolidones (PVP) market is segmented into seven regions: North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA. Among the above-mentioned regions, North America is expected to contribute a majority of the market share in 2018 in terms of value owing to the high adoption of Polyvinylpyrrolidones (PVP) across the pharmaceutical and food & beverages industries.
The pharmaceutical industry is well-established in North America owing to the presence of the large number of pharma companies along with high number of drugs in the pipeline. Furthermore, South Asia and East Asia are expected to show high growth rates due to the growing construction industry across India, China, Japan and other prominent countries along with increasing population estimates.
Furthermore, growing cosmetics and food & beverage industry also tend to supplement the regional growth till 2028. India is one of the key emerging markets for Polyvinylpyrrolidones (PVP) in the region.
Moreover, Middle East is also one of the region growing with a considerable growth rate owing to increasing construction activities backed by increasing population estimates. Oceania and Latin America account for a substantial market share in terms of Polyvinylpyrrolidones (PVP) demand.
Key players of Polyvinylpyrrolidones (PVP) Market
Prominent players in the global Polyvinylpyrrolidones (PVP) market are BASF SE, Ashland Inc., Brenntag Specialties, Inc., Nanhang Industrial Co. Ltd., Worldchem Europe Ltd. etc. The Polyvinylpyrrolidones (PVP) market consists of well-diversified global and regional players with global vendors ruling the market.
The research report presents a comprehensive assessment of the Polyvinylpyrrolidones (PVP) market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The Polyvinylpyrrolidones (PVP) market report provides analysis and information, according to market segments such as geographies, form and application.
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The Polyvinylpyrrolidones (PVP) Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Polyvinylpyrrolidones (PVP) Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, RoE)
- East Asia (China, Japan, South Korea)
- South Asia (India, ASEAN)
- Oceania (ANZ, Rest of Oceania)
- MEA (GCC Countries, South Africa, Turkey, Rest of MEA)
The Polyvinylpyrrolidones (PVP) report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The Polyvinylpyrrolidones (PVP) report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The Polyvinylpyrrolidones (PVP) report also maps the qualitative impact of various market factors on market segments and geographies.
An Adaptive Approach to Modern-day Research Needs
The Polyvinylpyrrolidones (PVP) Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Segmentation analysis of Polyvinylpyrrolidones (PVP) Market
The global Polyvinylpyrrolidones (PVP) market is bifurcated into two major segments: Form and application.
On the basis of form, the global Polyvinylpyrrolidones (PVP) market is divided into:
On the basis of application, the global Polyvinylpyrrolidones (PVP) market is divided into:
- Food & beverages
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