Polyvinylpyrrolidone Market Trends Strategy, Revenue, Opportunity, Business Segment Overview and Key Trends 2020-2027

Polyvinylpyrrolidone Market Trends

The polyvinylpyrrolidone market is expected to exhibit steady progress over the forecast period from 2018 to 2023, says the latest research report from Market Research Future (MRFR). The global polyvinylpyrrolidone market is mainly driven by the growing demand for polyvinylpyrrolidone from the pharmaceutical, cosmetics, and food and beverage industries as an excipient and stabilizer. The report provides an in-depth look at the global polyvinylpyrrolidone market’s key drivers and restraints, along with a detailed economic breakdown to relate the polyvinylpyrrolidone market’s growth trajectory with prevailing economic trends. The leading players in the polyvinylpyrrolidone market are also profiled in the report.

Polyvinylpyrrolidone is primarily used as an excipient in the pharmaceutical and cosmetics industries. The growth of these two industries in recent years has been highly beneficial for the Polyvinylpyrrolidone Market Trends. Growing healthcare expenditure has resulted in growing pharmaceutical production, leading to a growing demand for components such as polyvinylpyrrolidone. Cosmetics are also becoming an important FMCG product in recent years due to the growing demand in developing economies. This is likely to remain a major driver for the global polyvinylpyrrolidone market over the forecast period. Growing prevalence of respiratory conditions in developed economies is also likely to drive the demand for excipients, thus driving the polyvinylpyrrolidone market.

The food and beverage industry is also likely to remain a key consumer for the global polyvinylpyrrolidone market. Polyvinylpyrrolidone is widely used in food and beverages as a stabilizer, leading to a growing demand from the polyvinylpyrrolidone market. Growing demand for packaged food is likely to be a major driver for the global polyvinylpyrrolidone market in the coming years.

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Competitive Analysis:

Leading players in the global polyvinylpyrrolidone market include Nippon Shokubai Co. Ltd., JH Nanhang Industrial Co. Ltd., The Dow Chemical Company, Merck KGaA, Thermo Fisher Scientific, Alfa Aesar, Shanghai Yuking Water Soluble Material Tech Co. Ltd., Hangzhou Motto Science & Technology Co. Ltd., Zhangzhou HuaFu Chemical Co. Ltd., BASF SE, and Ashland. Leading players in the polyvinylpyrrolidone market are likely to focus on capacity expansion as well as mergers and acquisitions in the years ahead to achieve growth through organic as well as inorganic means.

Segmentation:

The global polyvinylpyrrolidone market is segmented by grade, application, and region.

Based on the grade, the polyvinylpyrrolidone market is segmented into PVP K-15, PVP K-30, PVP K-60, PVP K-90, and PVP K-120.

On the basis of application, the global polyvinylpyrrolidone market is segmented into pharmaceuticals, cosmetics, food & beverage, adhesives, and others. The pharmaceutical and cosmetic products industries hold the largest share in the global polyvinylpyrrolidone market, followed by food and beverages and adhesives. Growing demand from the pharmaceutical industry is likely to remain a key driver for the global polyvinylpyrrolidone market over the forecast period.

Regional Analysis:

North America is the leading region in the global polyvinylpyrrolidone market, followed by Asia Pacific and Europe. The strong presence of healthcare-related industries in North America has been a major driver for the global polyvinylpyrrolidone market, as the pharmaceutical industry in the U.S. and Canada has grown steadily over the last several years. The growing pharmaceutical industry in North America is likely to remain the leading driver for the global polyvinylpyrrolidone market over the forecast period. The growing demand for cosmetics and personal care products in North America is also likely to be a key driver for the polyvinylpyrrolidone market. Consumers in North America are highly aware about advanced cosmetics and personal care products, and are among the leading consumers of the same all over the world. This has led a growing demand for components used in these formulations, such as polyvinylpyrrolidone. The immense demand for packaged foods in North America is also a major driver for the polyvinylpyrrolidone market.

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Asia Pacific is the second-largest regional market for polyvinylpyrrolidone. The growing pharmaceutical and food and beverage industries in Asia Pacific are the major reason for the growth of the polyvinylpyrrolidone market. The growing pharmaceutical industry in China, India, and other leading regional economies is likely to be a major driver for the polyvinylpyrrolidone market over the forecast period.

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