During the projected period of 2022–2032, the global copovidone market is anticipated to rise at a CAGR of roughly 9%–10%, a phenomenal rate of growth. Copovidone sales are anticipated to increase due to a rise in the need for non-toxic, pharmaceutically inactive thickening and binding agents across a variety of industries.
As a tablet binder, copovidone has better plasticity than povidone. The product is also more elastic, less hygroscopic and better for film-forming applications than povidone. These properties have given copovidone a slight edge over other polymers, which has attracted keen interest from industrial consumers. As copovidone has an exceptional binding capacity, it is used in direct compression tableting as a dry binder and gelatin capsules as a soluble binder. These attractive properties make it cost-effective and attractive substitute to natural adhesives. However, growing inclination toward natural products could hinder the growth of the market. It is generally regarded as nontoxic. However, oral consumption in excess may result in stomach ache, and more, which could very well hamper the growth of the market.
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Increased Demand from Pharmaceuticals is Contributing Significant Growth
Favourable government policies and regulations are expected to drive the copovidone market. The U.S. FDA (Food and Drug Administration) has approved the use of chemical for various, and it is usually considered safe. The approval from the U.S. FDA has enlarged the adoption of copovidone in multiple industries. It is extensively used in food, pharmaceuticals, cosmetics industries, and more. Owing to its numerous application across various industries, copovidone is expected to thrive in the years to come. The world copovidone market is increasing rapidly owing to the increased demand coming from multiple end users. Across all the industries, the pharmaceutical is producing maximum demand, followed by food and beverages. Other industries such as cosmetics, personal care, and adhesives are expected to contribute well to the growth of the market in the years to come.
Global Copovidone Market – Key Players:
Key market players identified in the global copovidone market include BASF SE, Ashland, Boai NKY Pharmaceuticals Ltd. Nanhang Industrial, Zhangzhou Huafu Chemical Industry Co.,Ltd., Hangzhou Motto Science & Technology Co. Ltd., SHANGHAI YUKING WATER SOLUBLE MATERIAL TECH CO.,LTD., SHANGHAI YUKING WATER SOLUBLE MATERIAL TECH CO.,LTD., Huangshan Bonsun Pharmaceuticals Co., Ltd., Merck KGaA, among others.
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Copovidone Market – Market Segmentation:
By Function, the Copovidone market is segmented into:
- Granulating Agent
- Retarding Agent
- Film-forming Agent
- Lubricant
- Thickening Agent
- Dispersant
- Binding Agent
- Emulsifying Agent
- Fining Agent
- Blocking Agent
By Form, the Copovidone market is segmented into:
- Liquid
- Powder
- Others
By Grade, the Copovidone market is segmented into:
- Food Grade
- Pharmaceutical Grade
- Industrial Grade
By End-use, the Copovidone market is segmented into:
- Food and Beverage
- Cosmetics
- Personal Care
- Shampoo
- Toothpaste
- Shaving Lotion
- Moisturizer
- Pharmaceuticals
- Ointments
- Pessaries
- Surgical Scrubs
- Contact Lenses
- Adhesives
- Glue Stick
- Hot-melt Adhesives
- Batteries
- Ceramics
- Fiberglass
- Inkjet Paper
- Alcohol
- White Wine
- Beer
- Water Treatment
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