Polyvinylpyrrolidone (PVP) Market Size, Share & Trends | 2022-27

 

Market Overview:

The market for polyvinylpyrrolidone is anticipated to reach a value of 75,857.83 tonnes in 2022 and grow at a CAGR of roughly 8% over the following five years (2022–2027).

In 2020, COVID-19 had a negative effect on the market. All of the uses of polyvinylpyrrolidone were impacted by the COVID-19 pandemic, with the exception of the pharmaceutical sector. Global supply chains have been disrupted as a result of the pandemic. Production was impacted by lockdowns in various nations as important factories and manufacturing facilities were closed. Since then, though, the sector has begun to rebound.

Rising demand in the pharmaceutical industry and expanding use as adhesives in the construction industry are two major factors influencing the market under study.
The development of the market is supposed to be hampered by the availability of substitute products.
A potential opportunity for the market under study may result from the personal care and cosmetic industry’s expanding application scope.
Due to the expanding regional pharmaceutical industry, Asia-Pacific is predicted to maintain its market dominance during the forecast period.

Scope of the Report:

A nonionic water-soluble polymer with good solubility in water and a variety of organic solvents, high hygroscopicity, good film formation properties, superior adhesiveness to a variety of substrates, and chelate/complex formation capabilities is polyvinylpyrrolidone. Form, application, and geographic segments are used to categorise polyvinylpyrrolidone. Powder and liquid are the market segments according to form. The market is divided into segments based on application, including adhesives, food and beverage, cosmetics, pharmaceuticals, and cosmetics. The market size and forecasts for polyvinylpyrrolidone in 14 countries across key regions are also covered in the report. The market sizing and forecasting for each segment have been done using volume (tons).

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