The global PVP market is expected to reach USD 2.75 billion by 2024,
according to a new report by Grand View Research, Inc. Growing demand for the
product in the pharmaceutical industry as an excipient and binder is expected
to be a key driver for the market growth.
The product exhibits various
properties such as superb film forming, good solubility and physiological
impermissibility, which makes it suitable for manufacturing various drugs. The
product is widely used in manufacturing tablets, particles, capsules, oral
liquids, injections and sterilization disinfectant, thus promoting its growth
over the projected period.
The increasing use of the
polymer in brew beverages as a stabilizer is expected to propel demand over the
forecast period. Furthermore, rising application scope of the polymer in
various non-alcoholic drinks including, vinegar, tea drinks, and fruit juices
are expected to drive the marker growth. The product has the ability to prevent
turbidity phenomenon in liquids and helps to improve flavor, stability and
storage time of the concerned beverage. Growing use of the product, especially
cross-linked polyvinylpyrrolidone in alcoholic drinks such as wine is likely to
open new avenues for the product over the projected period.
Rising application scope of
polymer in other applications including textile, agrochemicals, pulp & paper,
coatings and consumer goods industry is anticipated to fuel growth. In the
paper industry, polyvinylpyrrolidone is used to increase paper strength and
improve paper gloss. Rising demand for the product as a molding binder in
industrial and civil applications is projected to spur demand for PVP over the
next eight years.
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This Report @ http://www.grandviewresearch.com/industry-analysis/polyvinylpyrrolidone-market
Further key findings
from the report suggest:
·
Pharmaceuticals
was the largest application segment for the polymer and is expected to witness
the fastest growth, growing at a CAGR over 8.5% from 2016 to 2024. Growing
demand for PVP as a film former, particularly in ophthalmic solutions is
expected to have a positive impact on the market over the next eight years.
Rising demand for the product in the formulation of the novel drug as well as
generic development process is likely to have a positive impact on the industry
growth.
·
PVP demand in the
adhesive application as valued at over USD 150.0 million in 2015. Rising
application scope of the product in manufacturing solid glue sticks,
re-humidified and pressure sensitive adhesives. PVP offers superior bonding
strength, low toxicity, and longer lifespan as compared to other water-soluble
polymers, which is expected to offer the product a distinctive competitive
advantage as compared to its counterparts. Rising use of the product in
manufacturing solid glue sticks, re-humidified and pressure sensitive adhesives
is expected to propel growth over the forecast period.
·
Polyvinylpyrrolidone
demand in Europe accounted for over 27.0% market share in 2015. Germany is one
of the major cosmetics consumers in the world and dominated the European market
in terms of volume. Growing demand for skin care products such as body lotions
and creams and hair care products such as shampoo, conditioners and hair sprays
is expected to have a positive impact on market growth over the next eight
years.
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@ http://www.grandviewresearch.com/industry-analysis/polyvinylpyrrolidone-market/request
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc.
United States
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Email: sales@grandviewresearch.com
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