Global Polyvinylpyrrolidone (PVP) Market study offers detail overview of industry with all the requisite data to support tactical business decisions and come up with strategic growth plans. This study also proposes a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures.
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The global
polyvinylpyrrolidone (PVP) market size was 161.8 kilo tons in 2015 and is
anticipated to reach USD 2.75 billion by 2024. The Polyvinylpyrrolidone (PVP)
market is expected to witness growth owing to rising demand from end user
industries including pharmaceutical, cosmetics, personal health care, adhesives
and beverage industry. Rising awareness regarding the varied applications such
as dissolving assistant for injection, a dispersant for liquid medicine, flows
assistant for a capsule, medicine for brain-memory recovery, the raw material
for making ceramic products, and moisture preserving agent are anticipated to
propel the PVP industry growth over the next eight years.
Few other applications
including stabilizer for an enzyme, antitoxic assistant for eye drug, viscosity
enhancement agent for printing ink, film forming agent in shaping products, and
solvent for agricultural pesticide are projected to fuel the market demand over
the forecast period. The pharmaceutical industry is projected to contribute the
major market share in the overall growth of the PVP sector by 2024 owing to
rising use of PVP in medicines as a binder for tablets, a stabilizer for heat
sensitive drugs, and antiseptic injection for surgical operations.
The pharmaceutical sector
is anticipated to see the growth of more than 30% CAGR over the next eight
years, owing to increasing R&D efforts by companies in developing PVP
medicines that could be used as dietetic tablets in nutritional products and as
a disinfectant for maintaining hand hygiene, thus augmenting the end user
market of PVP products. On the other hand, Cosmetics industry and personal care
industries are expected to see growth of more than 6% CAGR and 10% CAGR
respectively and thus augmenting the Polyvinylpyrrolidone market demand over
the forecast period primarily owing to increasing application scope and rising
adoption of Polyvinylpyrrolidone products as raw material in shampoo, cleaning
products, shave lotion and body lotion.
Key players in
Polyvinylpyrrolidone (PVP) market include BASF, ZhangzhouHuafu 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 Specialties Pvt. Ltd., JH Nanhang Life
Sciences Co. Ltd., Sisco Research Laboratories Pvt. Ltd., N Shashikant &
Co., Alfa Aesar, Huangshan Bonsun Pharmaceuticals Co., Ltd., Boai NKY
Pharmaceuticals Ltd, Hangzhou Sunflower Technology Development Co. Ltd.,
Ashland, Nippon Shokubai, Balaji Amines, Jarchem Industries Inc. , Glidechem,
Dai-ichi Kogyo Seiyaku , Dongying City, Huaang Chemical Industry Co., Ltd.,
Nippon Shokubai and Balaji Amines. BASF, in January 2015, plans to invest USD
64 million in the expansion of its PVP value chain over the next four years
primarily owing to the expansion of PVP production capacity to 6000 metric
tons.
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