increasing demand for water treatment chemicals is driving the Polyvinylpyrrolidone Market
Technavio analyzes that the Polyvinylpyrrolidone Market is expected to grow at a CAGR of 4.6% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 609.4 million.There are various factors that contribute to the growth of the market. The polyvinylpyrrolidone (PVP) market is experiencing significant growth due to the increasing demand for water treatment chemicals. PVP, a synthetic polymer, is extensively used as a flocculant and coagulant aid in water treatment processes. Its unique properties, such as high molecular weight, hydrophilic nature, and non-toxicity, make it an ideal choice for water clarification and purification. The global water treatment market is projected to expand at a CAGR of over 5% during the forecast period, driving the demand for PVP as a crucial component in water treatment applications.
As a proficient virtual assistant, I'm pleased to provide you with insights into the multifaceted role of Polyvinylpyrrolidone (PVP), also known as povidone, in the pharmaceutical industry. This synthetic polymer, which functions as a vehicle or dispersing agent, offers significant benefits in various applications. PVP's hydrophilic nature, coupled with its excellent solubility in solvents of varying polarities, makes it an indispensable ingredient in the production of liquid soaps, surgical scrubs, and pharmaceutical formulations such as Betadine and Pyodine. Its biocompatibility and non-toxicity, as recognized by the Food and Drug Administration (FDA), further solidifies its status as a valuable pharmaceutical excipient. PVP's versatility extends to film formation in ophthalmic solutions, flavoring enhancement in liquids and chewable tablets, and transdermal system adhesion.
Know which region is leading the market growth by requesting a sample report
Polyvinylpyrrolidone Market Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
Find out what is trending in the market by accessing the free PDF report
PVP, also known as Polyvidone or Povidone, is a water-soluble polymer derived from the monomer N-vinylpyrrolidone through free-radical polymerization using AIBN as an initiator. This hygroscopic powder exhibits excellent wetting properties and is used in various applications, including films, coatings, and additives. In the pharmaceutical industry, it is employed as a blood plasma expander, binder for Pharmaceutical tablets during oral administration, and as an excipient in crospovidone. PVP has applications in treating pulmonary vascular injury and is the active ingredient in Povidone-iodine, a popular disinfectant used in ointments, pessaries, liquid soaps, surgical scrubs, Betadine, Pyodine, and Pleurodesis. Its solubility in drugs enhances the efficacy of liquid dosage forms.
The Polyvinylpyrrolidone (PVPI) market is a significant segment of the global commodity chemicals industry. PVPI, also known as Povidone, is a water-soluble, hygroscopic powder derived from the monomer N-vinylpyrrolidone through free-radical polymerization. This versatile chemical is utilized as an additive in various industries, including films, coatings, and pharmaceuticals, due to its excellent wetting properties. The global commodity chemicals market, which encompasses companies primarily engaged in the production of industrial and basic chemicals such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals, is expected to experience growth. A key driving factor is the increasing demand for plastic packaging. As the most widely used material in the packaging industry, plastic's popularity stems from its lightweight and corrosion-resistant properties, leading to continuous innovation in the market and a significant impact on the demand for chemicals used in its manufacture.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
