Global Povidone Iodine Market
The global Povidone Iodine market was evaluated US$ X.32 Bn in terms of value and is expected to reach X.98 Bn by 2027, at a CAGR of X.12% during a forecast period.
Global Povidone Iodine Market
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Global Povidone Iodine Market Definition:
Povidone-iodine is a stable chemical complex of polyvinylpyrrolidone (povidone, PVP) and elemental iodine. It contains from 9.0% to 12.0% available iodine, calculated on a dry basis. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. Globally, Povidone Iodine market was calculated XX% CAGR in the year of 2019 and expected to show constant growth, since requirement from various end users for Povidone Iodine is high will contribute for the global Povidone Iodine market during the forecast period. The global Povidone Iodine market was evaluated US$ X.32 Bn in terms of value and is expected to reach X.98 Bn by 2027, at a CAGR of X.12% during the forecast period. Europe povidone iodine market size was valued at US$ X.23 Bn and is projected to register a revenue-based CAGR of XX% over the forecast period. Cost of iodine based disinfectant varies as per product, Lircon Er Iodine Skin Disinfectant price is US $ 0.28-0.29 / Piece which is manufactured and supplies by china based company Lircon Medical Science Technology Incorporated Company.
Global Povidone Iodine Market Drivers and Restraints:
Massive growth and development in the pharmaceutical industries is leading the market growth. Povidone iodine has traditionally been used by surgeons as a preoperative antiseptic is fuelling the global povidone iodide market demand across the globe, further directed as the agent for treating viral conjunctivitis as well as other ocular diseases will drive the requirement for the povidone iodine in huge amount. characteristics like chemical stability is attracting the vendors to invest in the market. Furthermore, use the market demand is also driven by development petrochemical, agrochemical, paint and coating sector, agrochemical sector is contributed for market growth; rough estimation is XX Bn in the year of 2019.
However, fluctuation in the product cost and presence of numerous substitute for the product is expected to hamper the market growth.
Global Povidone Iodine Market Segment analysis:
By application segment, the skin sterilization segment documented for large share of the povidone iodine market in 2019, result of increased demand for povidone iodine utilization as antiseptics and disinfectants. It delivers improved antimicrobial action for the microorganisms. They are effectively engaged in the treatment of infections in cuts, burns, wounds, and diabetic wounds. Also, it is widely accepted for veterinary antiseptics as various animal care products owing to their excellent antimicrobial efficacy and mild sensation will help the global povidone market on large scale, since growing trend to adopt pet animals, mainly in developing economies, because of boom in the economic development and improvement in lifestyle is increasing the demand for animal health care products like veterinary antiseptics and shampoos. Above mentioned driving factors related to skin sterilization segment will help this market to grow in coming year with strong market value.
Global Povidone Iodine Market Regional Analysis:
North America dominates the overall market with a share of more than 40%. The U.S. has been acknowledged as the leading consumer of povidone iodine in North America, owing to the high documented rate of hospital-acquired infections in the US is propelling the demand for disinfectants and antiseptics market demand and expected to remain the same in coming years as changing life style is major trend in this region. Additionally, regulatory bodies such as the Food and Drug Administration (FDA) and Centers for Disease Control and prevention (CDC) have executed stringent regulations in terms of surgical hand antiseptics. In 2019 market size was recorded US$ XX Bn, however in US, market size was valued XX Bn and expected to increase by US$ XX Bn in coming years
From Asia Pacific region, developing regions like India, China, and Japan are considered major contributors for the Povidone Iodine market growth in the Asia Pacific region because of lead producer of largest manufacturer and leading key plyers present in the market. Asia Pacific expected to show lucrative growth in the coming years.
The objective of the report is to present a comprehensive analysis of the Global Povidone Iodine Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Povidone Iodine Market dynamics, structure by analysing the market segments and project the Global Povidone Iodine Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Povidone Iodine Market make the report investor’s guide.
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Global Povidone Iodine market, By Application
• Instrument Sterilization
• Infection Prevention
• Hospitals and Clinics
• Skin Sterilization
• Breeding Industry
• Food Industry
Global Povidone Iodine market, By Product
• Pharmaceutical Grade PVP-I
• Industrial Grade PVP-I
• Medical Grade PVP-I
• Electronic Grade
Global Povidone Iodine market, By End- Users
• Paints and Coatings
Global Povidone Iodine Market, By Region
• Asia Pacific
• North America
• Latin America
• Middle East & Africa
Key Players Operating the Global Povidone Iodine Market
• Zhangzhou Huafu Chemical Co., Ltd
• JH Nanhang Life Sciences Co.Ltd
• Samrat Pharmachem Limited
• Boai NKY Pharmaceuticals
• Lasa Supergenerics Limited
• R.N Laboratories Pvt. Ltd
• Adani Pharmachem
• Nanhang Industrial
• Huaan Chemical
• Zen Chemicals
• Glide Chem
• Quat Chem
• Medline Industries, Inc.
• SHANGHAI YUKING WATER SOLUBLE MATERIAL TECH CO.,LTD.
• Huangshan Bonsun Pharmaceuticals Co.,Ltd.
• Vishal Laboratories
• Spirochem Lifesciences Pvt Ltd.
• MARSHA PHARMA PRIVATE LIMITED, LUXICA PHARMA INC.