Press Release

Jan, 25 2023

BASF SE, Ashland and NIPPON SHOKUBAI CO., LTD. are dominating the Global Polyvinylpyrrolidone (PVP) Market in 2030

The Global Polyvinylpyrrolidone (PVP) Market is expected to grow with a CAGR of 6.7% in the forecast period of 2023 to 2030. The years considered for the study are as mentioned below.

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The global polyvinylpyrrolidone (PVP) market is a highly consolidated market, which includes a specific number of key players as well as local players. The market has witnessed increased strategic developments owing to a favorable market scenario.

Some of the major players dealing in the global polyvinylpyrrolidone (PVP) market are introducing a strong range of product portfolios. This helped companies to maximize sales with an enhanced product portfolio. The top players in the global polyvinylpyrrolidone (PVP) market are Ashland, BASF Corporation, Merck KGaA, NIPPON SHOKUBAI CO., LTD., Boai NKY Pharmaceuticals Ltd., BALAJI AMINES, Hangzhou Motto Science & Technology Co., Ltd., Alfa Aesar, Thermo Fisher Scientific., JH Nanhang Life Sciences Co., Ltd., and Huangshan Bonsun Pharmaceuticals Co., Ltd., among others.

For instance,

  • In May 2022, Merck, a leading science and technology company, is expanding its membrane and filtration manufacturing capabilities in Ireland. The company will invest approximately euro 440 million to increase membrane manufacturing capacity in Carrigtwohill and to build a new manufacturing facility at Blarney Business Park, both in Cork, Ireland
  • In March 2019, Boai NKY Pharmaceuticals Ltd. successfully held its annual product promotion tour in Malaysia & Indonesia. This has allowed the company to showcase its products to a larger consumer base


BASF SE is headquartered in Ludwigshafen, Germany, and is public ownership. It was founded in 1865. The company focuses on providing solutions for chemicals and materials to industries, surface technologies, nutrition & care, and agriculture. It has business segments which are Chemicals, Materials, Surface Technologies, Nutrition & Care, Industrial Solutions, Agricultural Solutions, and Other out of Nutrition & Care, and Industrial solutions are focused segment. The company has a product which Agriculture, Architecture Paints & Coatings, Automotive & Transportation, Chemicals, Construction, Dispersions and Resins, Electronics & Electric, Energy & Resources, Furniture & Wood, Home care and I & I Cleaning, Nutrition, Packaging & Print, Paper Coatings & Carpet, Personal care & Hygiene, Pharmaceuticals, Plastics & Rubber, Textile, and Leather & Footwear out of which Pharmaceuticals, Dispersions, and Resins is the market focused product. The company has a wide global presence across Europe, North America, South America, Asia-Pacific, the Middle East, and Africa. The subsidiaries are BASF Agricultural Solutions GmbH (Germany), BASF Catalysts Holding LLC (United States), BASF Advanced Chemicals Co., Ltd. (China), and BASF Catalysts India Private Ltd. (India), among others.

For instance,

  • In October 2022, BASF SE and Hannong Chemicals planned to establish a production joint venture, “BASF Hannong Chemicals Solutions Ltd.”.  BASF will hold 51% and Hannong Chemicals 49% shareholding in the proposed joint venture. The joint venture will combine BASF’s strong technology and product innovation capabilities with Hannong’s highly efficient production capabilities to supply best-in-class non-ionic surfactant products to BASF and Hannong Chemicals, each with their own sales and distribution network, enabling the two companies to cater to increasing market demand


Ashland is headquartered in Delaware, U.S. public ownership. The company is engaged in the manufacturing of additives and specialty ingredients for pharmaceutical, personal care, architectural coatings, construction, energy, food, beverage, and nutraceutical industries. It has business segments which are Life Sciences, Personal Care, Specialty Additives, and Intermediates, out of which Life Sciences, Personal Care, and Specialty Additives is the focused segment. The company has a product Building and Construction, Energy and Resources, Food and Beverage, Health, Wellness &   Nutraceuticals, Performance Specialties, Packaging Printing and Graphics, Paints and Coatings,   Personal and Home Care, and Pharmaceuticals out of which Energy and Resources, Performance Specialities, Packaging printing and graphics, Personal, and home care is market focused product. The company has a wide global presence across North America, Europe, Asia-Pacific, and Latin America. The subsidiaries are Ashland LLC (U.S.), Drew Ameroid (M) Sdn. Bhd. (Malaysia), International Specialty Products (India) Private Limited (India), Oil Can Henry's (U.S.), and Ashland Chemical de México, S.A. De C.V. (Mexico), among others.

For instance,

  • In November 2022, Ashland has earned EcoVadis Gold underscoring the company’s commitment to the environment social and governance (ESG) and a conscious-to-cutting-edge approach to innovation. This has enhanced the company’s reputation in the global market

Polyvinylpyrrolidone (PVP) Market


NIPPON SHOKUBAI CO., LTD. is headquartered in Osaka, Japan, with public ownership. The company focuses on being a worldwide chemical manufacturer that provides materials and solutions required by people and society. It has business segments which are Basic Chemicals, Functional Chemicals, and Environment & Catalysts, out of which Functional Chemicals are the focused segment. The company had a product that are daily use materials, Building & Construction, Environment & Water treatments, Electronics, Inks & Coatings, Energy storage, Oil & Gas, Mobility, and Life Science, out of which Daily use materials, Environment & Water treatments, Inks & Coatings, and Life Science is the market focused product. The company has a wide global presence across North America, Europe, and Asia-Pacific. The subsidiaries are Nippon Shokubai America Industries, Inc. (U.S.), American Acryl L.P. (U.S.); Nisshoku Chemical Industry (Zhangjiagang) Co., Ltd (China), and Tokyo Fine Chemical Co., Ltd (Japan), among others.

For instance,

  • In July 2021, Nippon Shokubai Obtains International Sustainability and Carbon Certification PLUS for superabsorbent polymers produced by its subsidiary Nippon Shokubai Europe N.V. with the aim of achieving carbon neutrality by 2050

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