Polyvinylpyrrolidone Market – Product Introduction
- Polyvinylpyrrolidone, also commonly known as PVP or polyvidone or povidone, is a water-soluble polymer made from N-vinyl pyrrolidone monomer by free radical polymerization in water or 2-propanol. It is a white, hygroscopic powder with weak characteristic odor
- Polyvinylpyrrolidone polymers are available in several viscosity grades, ranging from low to high molecular weight. The molecular weight range and solubility in aqueous and organic solvent systems combined with its nontoxic character are key properties that provide polyvinylpyrrolidone polymers superior flexibility
- Polyvinylpyrrolidone has many unique performance features. Therefore, it is employed in various new and different applications such as agriculture, adhesives, electronics, membranes, and metal quenching
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Global Polyvinylpyrrolidone Market Highlights:
- In terms of value, the global polyvinylpyrrolidone market is anticipated to expand at a CAGR of more than 13.1% to reach US$ 7.5 Bn by 2027
- Rise in need of high performance water soluble polymers and increase in demand for polyvinylpyrrolidone in various applications such as pharmaceutical, solvents, and cosmetics are anticipated to drive the demand for polyvinylpyrrolidone during forecast period
- North America was the leading region for polyvinylpyrrolidone market, however, Asia Pacific is expected to exhibit significant CAGR between 2019 and 2027
- In 2017, the U.S. Food & Drug Administration (FDA) issued the final rule on safety and effectiveness for 30 active ingredients in over-the-counter health care antiseptic hand washes and rubs in the medical field; povidone-iodine was one of these thirty products
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High Molecular Weight Grade to Dominate Polyvinylpyrrolidone Market
- Based on grade, the high molecular weight segment held major share of the global polyvinylpyrrolidone market in terms of value in 2018. High price associated with high molecular weight makes it leading grade for Polyvinylpyrrolidone market. However, in terms of volume, the low molecular weight segment accounted for prominent share of the global polyvinylpyrrolidone market in 2018
- Low molecular weight grade are considered to be efficient than high molecular weight and are prominently used in pharmaceutical and as dispersant in for carbon black and in aqueous media
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Demand for polyvinylpyrrolidone to Increase in Pharmaceutical and Cosmetic Application
- Based on application, pharmaceutical was a highly lucrative segment of the global polyvinylpyrrolidone market in 2018. Demand for polyvinylpyrrolidone in tablets and liquid suspensions/ointments sub-segments of the pharmaceutical segment is estimated to rise at a fast pace in the near future. Demand for polyvinylpyrrolidone is expected to grow at CAGR of more than 14.0% between 2019 and 2027
- After pharmaceutical, cosmetics segment is likely to expand significantly owing to the increase in demand for hair care products. Rise in demand for polyvinylpyrrolidone in production of shampoos, conditioners, hair sprays, mousses, and hair dyes is expected to boost the market during the forecast period
Opportunities for polyvinylpyrrolidone in Hemodialysis (HD)
- Hemodialysis (HD) is relatively safe purification technique, which uses ultrafiltration hollow fiber (HFM) membrane for treating human renal failure. Excess moisture and metabolic wastes, such as urea and creatinine, are removed through this technique.
- At the same time, calcium ion and bicarbonate ion can be supplied through HFM. Of late, studies on development of high performance biocompatible hemodialysis membranes have been garnering global attention. This has resulted in focus on using polyvinylpyrrolidone additives, which are well-known for possessing excellent biocompatibility.
- The hemodialysis sub-segment of the membranes segment of the polyvinylpyrrolidone market is anticipated to expand at a CAGR of more than 9.0% during the forecast period.
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