The winning Polyvinylpyrrolidone market report performs geographical analysis for the major areas such as North America, China, Europe, Southeast Asia, Japan, and India, with respect to the production, price, revenue and market share for top manufacturers. This market document is composed of myriad of factors that have an influence on the market and include industry insight and critical success factors (CSFs), market segmentation and value chain analysis, industry dynamics, market drivers, market restraints, key opportunities, technology and application outlook, country-level and regional analysis, competitive landscape, company market share analysis, and key company profiles.
Global polyvinylpyrrolidone (PVP) market is expected to gain market growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing at a CAGR of 6.7% in the forecast period of 2023 to 2030 and is expected to reach USD 3,083,156.56 thousand by 2030. Application as an excipient in pharmaceutical products is an important factor for the global polyvinylpyrrolidone (PVP) market.
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Market Overview:
Polyvinylpyrrolidone is also known as povidone or PVP. It is popularly used in the pharmaceutical industry as a synthetic polymer vehicle for dispersing and suspending drugs. The PVP is used in various pharmaceutical operations, including binder for tablets and capsules, film former for ophthalmic solutions, flavoring liquids and chewable tablets and as an adhesive for transdermal systems. The PVP appears as a white to slightly off-white powder and can dissolve in both water and oil solvents. The PVP is increasingly being used for biocompatibility, absence of toxicity and high capacity to form interpolymer complexes. Thus, the PVP market is expected to grow due to the demand for PVP in designing materials for different applications as biomaterials for medical and nonmedical uses.
Restraint
Volatility in raw material prices
Made from the N-vinylpyrrolidone monomer, polyvinylpyrrolidone is an aromatic hydrocarbon polymer. By reacting acetylene and 2-pyrrolidone, polyvinylpyrrolidone is produced. Along with it, initiator like 2,2’-Azobisisobutyronitrile is involved in the production of polyvinylpyrrolidone. It is reasonable to anticipate that since acetylene is the product of the processing of petroleum and natural gas, its prices will follow the price of crude oil. In addition, the facilities required to produce such polyvinylpyrrolidone require high capital and extensive infrastructure.
Usage of harmful chemicals in polyvinylpyrrolidone production
2-pyrrolidone chemical, when exposed to the eyes, can cause severe irritation and damage. The chemical could cause skin inflammation and respiratory when one is exposed for a long duration. Acetylene is a gas that gets ignited easily and has serious health effects. If inhaled, acetylene can cause nausea, dizziness, headache and vomiting, abnormal heart rhythms, high blood pressure and difficulty in breathing. Long-term exposure to chemicals like 2,2’-Azobisisobutyronitrile and hydrogen peroxide causes serious health issues, such as respiratory and skin problems.
The major players covered in the report are Ashland, Boai NKY Pharmaceuticals Ltd., BALAJI AMINES, Hangzhou Motto Science & Technology Co., Ltd., JH Nanhang Life Sciences Co., Ltd. NIPPON SHOKUBAI CO., LTD., BASF SE, Merck KGaA, Alfa Aesar, Thermo Fisher Scientific and Huangshan Bonsun Pharmaceuticals Co., Ltd., among others.
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