A recent
report published by Infinium Global Research on poly vinyl pyrrolidone market
provides in-depth analysis of segments and sub-segments in the global as well
as regional poly vinyl pyrrolidone market. The study also highlights the impact
of drivers, restraints, and macro indicators on the global and regional poly
vinyl pyrrolidone market over the short term as well as long term. The report
is a comprehensive presentation of trends, forecast and dollar values of global
poly vinyl pyrrolidone market. According to the report, the global poly vinyl
pyrrolidone market is projected to grow at a CAGR of 8.4% over the forecast
period of 2019-2025.
Poly Vinyl
Pyrrolidone (PVP) is witnessing high demand across several end-use industries.
They are available commercially in various grades, ranging from low to high
molecular weight. These polymers find application across various industries
including pharmaceutical, construction, food & beverage, cosmetics and
several others owing to its special binding properties.
The rising
requirement for high-performance water-soluble polymers has increased the
demand for poly vinyl pyrrolidone in several end-use industries such as
pharmaceutical, solvents, and cosmetics. It is used as an excipient and binder
during the production of pharmaceuticals and cosmetics products. Poly vinyl pyrrolidone formulations are widely used in the pharmaceutical industry due to
their ability to dissolve in both water and oil solvents. These factors are
primarily driving the growth of the poly vinyl pyrrolidone market over the
forecast period. The increasing demand for cosmetics owing to the growing
beauty consciousness among the aging population and men is further augmenting
the growth of the poly vinyl pyrrolidone market. The manufacturers are also
focusing on the shifting trends among the consumers. Recently, Ashland Inc. has launched a new
hair care product, Advantage Revive, following the dry shampoo trend. Advantage revive is a poly vinyl pyrrolidone (PVP) based polymer that provides shine and
enhances luster matching the appearance of freshly washed hair while giving
consumers next-day hair that looks as good as the first day. Additionally, poly vinyl pyrrolidone is used as a food additive and stabilizer in the food &
beverage industry. Furthermore, the U.S. Food and Drug Administration approval
is fueling the adoption of poly vinyl pyrrolidone in the food & beverage
industry. However, the high costs associated with the high molecular weight poly vinyl pyrrolidone and the emergence of Carbopol(R) Style 2.0 polymer
reduces the need for poly vinyl pyrrolidone in cosmetic applications are likely
to affect the growth of the market. Moreover, increasing adoption of poly vinyl pyrrolidone in diverse applications creates favorable growth opportunities for
the market players.
North America
held the dominant share in the poly vinyl pyrrolidone market, however, Asia
Pacific is anticipated to exhibit a substantial CAGR over the forecast period
of 2019 to 2025. According to the production base, China and North America are
the two largest regions. In 2018, more than 80% of the poly vinyl pyrrolidone
was manufactured in these two regions. The large scale consumption of poly vinyl pyrrolidone as a key ingredient from several end-users such as cosmetic,
pharmaceutical and industries boost the market growth in the North America
region. Furthermore, the growth of the personal care industry and the presence
of well-established cosmetic manufacturers in Europe also contributes to the
growth of the poly vinyl pyrrolidone market in this region. Moreover, increasing
industrialization, expanding pharmaceutical and cosmetic industry and growing
food industry boosts the demand for poly vinyl pyrrolidone in the Asia Pacific
markets.
The report on
global poly vinyl pyrrolidone market covers segments such as grade, and
application. On the basis of grade, the sub-markets include low molecular
weight PVP, medium molecular weight PVP, high molecular weight PVP,
crospovidone, and copovidone. On the basis of application, the sub-markets
include pharmaceutical, solvents, adhesives, cosmetics, food & beverages,
and other applications.
The report
provides profiles of the companies in the market such as Ashland Global
Specialty Chemicals Inc., BASF SE, JH Nanhang Life Sciences Co. Ltd., Boai NKY
Pharmaceuticals Ltd, Hangzhou Sunflower Technology Development Co. Ltd.,
Star-Tech Specialty Products Co. Ltd., Glide Chem Private Limited, Dongying City Huaan Chemical Industry CO., LTD., and NACALAI TESQUE, INC.
The report provides
deep insights into the demand forecasts, market trends, and micro and macro
indicators. In addition, this report provides insights into the factors that
are driving and restraining the growth in this market. Moreover, The IGR-Growth
Matrix analysis given in the report brings an insight into the investment areas
that existing or new market players can consider. The report provides insights
into the market using analytical tools such as Porter's five forces analysis
and DRO analysis of poly vinyl pyrrolidone market. Moreover, the study
highlights current market trends and provides forecast from 2019-2025. We also
have highlighted future trends in the market that will affect the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.