Polyvinylpyrrolidone Market, Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032
Polyvinylpyrrolidone (PVP) market is a versatile polymer that has gained significant popularity and demand in various industries due to its unique properties and wide range of applications. Also known as povidone, PVP is a water-soluble polymer that exhibits excellent film-forming, binding, and complexing properties. It is produced by the polymerization of N-vinylpyrrolidone monomer and is available in various molecular weights, offering different functionalities for different applications. Polyvinylpyrrolidone Market Size was valued at USD 1.59 Billion in 2023. The Polyvinylpyrrolidone industry is projected to grow from USD 1.69 Billion in 2024 to USD 2.64 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.71% during the forecast period (2024 - 2032). The rising need for the product used in the manufacturing of adhesives and the healthcare and cosmetics industries are increasing their use of Polyvinylpyrrolidone as an excipient and binder are the key market dri