Polyvinylpyrrolidone (PVP) Market is Expected to Expand at a CAGR of More Than 13.0% During The Forecast Period
In terms of revenue, the global polyvinylpyrrolidone marketis anticipated to expand at a CAGR of 13.0% from 2019 to 2027.Pharmaceutical segment accounted for major share of the polyvinylpyrrolidone market, owing to rise in demand for tablets and liquid ointments where polyvinylpyrrolidone is widely used in formulations.In terms of volume, the low molecular weight segment accounted for prominent share of the global polyvinylpyrrolidone market in 2018. North America accounted for major share for polyvinylpyrrolidone owing to robust growth in Pharmaceutical industry
The polyvinylpyrrolidone market in Asia Pacific is estimated to expand at a CAGR of more than 13.0% during the forecast period, owing to the increase in consumption of coatings, inks and pharmaceutical products coupled with growth in manufacturing facilities for the same
- Key Drivers for Polyvinylpyrrolidone Market:
Increase in demand for Polyvinylpyrrolidone in Pharmaceutical, Cosmetics, and Solvents applications to boost market Polyvinylpyrrolidone is employed extensively in tablets, injections, and disinfectant products. Copovidone is used in granulation and as dry binder in tablets and capsules. It is used as a film-forming agent and sub-coating. Geriatric population has been rising due to the increase in life expectancy
Polyvinylpyrrolidone polymer superiority has been increasingly recognized in the application of pharmacy research and development studies. Demand for pharmaceutical excipients is expected to rise at rapid pace in the near future. This is anticipated to boost the demand for polyvinylpyrrolidone in the domain
The information Presented in this Review is Based on Press-Release by TMR
Polyvinylpyrrolidone low molecular weight products are particularly effective as dispersants for carbon black and low-bulk-density solids in aqueous media. Rise in need for carbon black in end-use industries is directly augmenting the demand for polyvinylpyrrolidone.
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