The polyvinylpyrrolidone [PVP] market is projected to expand at a CAGR of 6% during 2021-2031
Rising demand for tablets and disinfectants globally is creating profitable prospects in the market for polyvinylpyrrolidone [PVP]
Presence of sturdy healthcare infrastructure in North America and Europe is expected to drive the regional market growth
WILMINGTON, Del. , Oct. 11, 2022 /PRNewswire/ -- The Global Polyvinylpyrrolidone [PVP] Market is prognosticated to reach a value of over US$ 4.6 Bn by 2031, according to a research report by Transparency Market Research (TMR). Furthermore, the TMR analysis finds that the market for polyvinylpyrrolidone [PVP] is expected to advance at a CAGR of 6% during the forecast period, 2021-2031.
Due to lack of proper precautions and sanitization across many hospital setups, there has been a surge in the cases of hospital acquired infections (HAIs) across many developing nations. Rise in the understanding about this issue is leading to increase in the use of disinfectants, which can play important role in preventing the bacteria entry and reducing the possibilities of infections in patients. Hence, a surge in awareness on the importance of hygiene is anticipated to drive the demand for PVP-based disinfectants globally, notes a TMR study that covers data and analysis on the polyvinylpyrrolidone [PVP] market shares.
The players in polyvinylpyrrolidone [PVP] market are estimated to gain notable growth prospects in the North America and Europe regions during the forecast period. Some of the key factors for this market growth include the existence of advanced healthcare infrastructures in these regions.
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Polyvinylpyrrolidone [PVP] Market: Key Findings
With rise in the adoption of technological advancements in the healthcare industry, there has been improvement in the life expectancy of the global population, which has resulted into rise in the number of older people worldwide. This aside, the spending power of the middle class population is being improving across many developed and developing nations. These factors are estimated to help in driving the sales of disinfectants and antiseptics. This, in turn, is expected to fuel the rapid market expansion, states a TMR analysis that delivers in-depth insights on the polyvinylpyrrolidone [PVP] market trends.
PVP is being utilized in veterinary medicines for different applications including antiseptic surgical solutions and scrubs. PVP is gaining traction as a mild antiseptic. It is being utilized for large as well as small animals across the globe. The increasing inclination among people toward adopting protein-rich diet is leading to driving the animal healthcare industry. This factor, in turn, is creating lucrative opportunities in the polyvinylpyrrolidone [PVP] market. Moreover, the market is being driven by surge in the demand for varied types of meats due to improving spending power of people across developed and developing nations.
Polyvinylpyrrolidone [PVP] Market: Growth Boosters
Rise in the sales of tablets and disinfectants globally is prognosticated to drive the expansion of the polyvinylpyrrolidone [PVP] market size during the forecast period
Surge in the utilization of PVP in varied non-pharmaceutical applications is expected to fuel their demand, states a polyvinylpyrrolidone [PVP] market growth forecast by TMR
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Polyvinylpyrrolidone [PVP] Market: Competition Landscape
Leading companies in the polyvinylpyrrolidone [PVP] market is executing different strategies such as acquisitions in order to maintain their market positions
Rising focus of players on investing sizable amounts in R&Ds in order to develop and launch innovative products is anticipated to help in the market expansion in the near future
Polyvinylpyrrolidone [PVP] Market: Key Players
Some of the key players profiled in the report are:
JH Nanhang Life Sciences Co., Ltd.
Zhangzhou HuaFu Chemical Co., Ltd.
Dongying City Huaan Chemical Industry Co., LTD.
Star-Tech Specialty Products Co., Ltd.
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Others (including XL-10, Ultra-10, and Kollidon SR)
Others (including Intermediates and Freeze Drying)
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Transparency Market Research, a global market research company registered at Wilmington, Delaware , United States , provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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