The Global Povidone market volume was roughly 82 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 6% during the forecast period until 2034. Povidone, alternatively known as polyvinylpyrrolidone (PVP) or polyvidone, represents a synthetic water-soluble polymer derived from the monomer N-vinylpyrrolidone. Its primary use is in the pharmaceutical sector, where it serves as a binder in numerous tablet formulations and as a lubricant in eye drops. Beyond pharmaceuticals, Povidone finds application across various sectors with roles as an adhesive, additive, and emulsifier.
Within the pharmaceutical sector, Povidone, or polyvinylpyrrolidone (PVP), works as a synthetic polymer vehicle, facilitating drug dispersion and suspension. Furthermore, it functions as a disintegrant and tablet binder, vital for tablet integrity and dissolution properties. Povidone formulations have widespread adoption in pharmaceutical formulations owing to their versatility, enabling dissolution in both aqueous and oil solvents. This adaptability makes Povidone a valuable component in various pharmaceutical preparations, ensuring efficient drug delivery and therapeutic efficacy. Povidone is predominantly utilized in topical povidone-iodine solutions like Aerodine and Betadine, where it facilitates the release of iodine, serving as an antiseptic agent. This solution is frequently employed to deter infections in surgical incisions. Additionally, Povidone has found application as a blood volume expander and antibacterial agent in dental treatments. PVP is also used in the cosmetics sector, functioning as a binder, film former, emulsion stabilizer, suspending agent, and hair fixative. Its applications are widespread, prominently featured in various products like mascara, eyeliner, hair conditioners, hair sprays, shampoos, and other hair care formulations. Additionally, it serves as a crucial component in adhesives, contributing to the formulation of pressure-sensitive adhesives and binders for films and labels.
The Global Povidone Market is witnessing substantial growth driven by multiple factors. Firstly, the escalating prevalence of infectious diseases worldwide, coupled with heightened awareness regarding hygiene and infection control, fuels the demand for antiseptic products containing povidone, such as povidone-iodine solutions, commonly utilized in healthcare sector for wound and surgeries. Concurrently, the expanding pharmaceutical industry significantly contributes to market expansion, as povidone serves as a crucial excipient in various drug formulations, including tablets, capsules, and oral liquids, aligning with the increasing global demand for pharmaceutical products. The global Povidone market is likely to reach approximately 165 thousand tonnes in 2034.
Geographically, North America stands out as one of the largest consumers of Povidone, and this trend is expected to continue in the coming years owing too various reasons. Firstly, North America boasts a robust healthcare infrastructure and high levels of healthcare expenditure, facilitating widespread access to pharmaceutical products, including those containing Povidone. Additionally, the region's large population, combined with a high prevalence of infectious diseases and chronic conditions, contributes to substantial demand for antiseptic and pharmaceutical products, where Povidone is a vital ingredient. Furthermore, stringent regulatory standards and quality control measures ensure the availability of high-quality pharmaceutical products, further bolstering consumption.
Based on end-use applications, the global Povidone market is divided into Pharmaceutical, Food & Beverages, Personal Care & Cosmetics, Adhesives, and Others. Povidone serves as a versatile thickening and binding agent in a range of industries. In personal care products like shampoos, conditioners, toothpastes, and lotions, it enhances consistency and adherence, contributing to improved product performance. Within the hair care sector, povidone aids in managing frizz and enhancing styling products. In cosmetics, it acts as a binder, enhancing stability and cohesion of makeup formulations. While regulatory constraints may limit its use in food applications, povidone finds niche roles in agriculture, such as seed coatings and crop protection products.
Major players in the Global Povidone market are Ashland, BASF SE, Boai NKY Pharmaceuticals Ltd., Glide Chem Private Limited, Hangzhou Motto Science & Technology Co. Ltd., JH Nanhang Life Sciences Co. Ltd., Nippon Shokubai Co. Ltd., Shanghai Qifuqing Material Technology Co. Ltd., Shanghai Yuking Water Soluble Material Tech Co. Ltd., Sichuan Tianhua Chemical Group Co. Ltd., Thermo Fisher Scientific Inc., Zhangzhou Huafu Chemical Co. Ltd, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Povidone which covers production, demand and supply of Povidone market in the globe.
• To analyse and forecast the market size of Povidone
• To classify and forecast Global Povidone market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Povidone market in the globe.
To extract data for Global Povidone market, primary research surveys were conducted with Povidone manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Povidone market over the coming years.
ChemAnalyst calculated Povidone demand across the globe by analyzing the volume of Povidone consumed by the End-Use Applications and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Povidone manufacturers and other stakeholders
• Organizations, forums and alliances related to Povidone distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Povidone manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Povidone market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
82 thousand tonnes
Market size Volume in 2034
165 thousand tonnes
Growth Rate
CAGR of 6% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End-Use Application, Demand by Region, Demand by Distribution Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use Application: (Pharmaceutical, Food & Beverages, Personal Care & Cosmetics, Adhesives, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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What was the net market size of Povidone in terms of volume in 2023?
Ans:
The global market size of Povidone has reached approximately 82 thousand tonnes in 2023.
Q2.
Which region is one of the largest consumers of Povidone?
Ans:
North America is one of the largest consumers of Povidone globally.
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