Report Code: A11479 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Polyvinyl Alcohol Polyethylene Glycol Graft Copolymer Market
Request Now !Polyvinyl alcohol polyethylene glycol graft copolymer is a compound comprising 75% of polyvinyl alcohol (PVA) and 25% of polyethylene glycol (PEG). The compound is hydrophilic in nature and freely water-soluble polymer. Polyvinyl alcohol polyethylene glycol graft copolymer is mainly used in construction and pharmaceutical sector. In construction, it gives an excellent moisture protection and in pharmaceutical it is used for giving the solid dispersion to drug. Polyvinyl alcohol polyethylene glycol graft copolymer also works as coloring agent and flavoring agent since, it has low binding property with molecule. It is used for providing the film coating to the skin; many dermatologists are using this technique. The compound acts as plasticizer and provides a better flexibility of films. It is a non-toxic, non-irritating and has good water solubility with high organic compatibility. It provides an excellent resistant property to oil and solvents.
COVID-19 scenario analysis:
The outbreak of the COVID-19 pandemic has severely affected the global polyvinyl alcohol polyethylene glycol graft copolymer market.
One of the major factors responsible for the growth of the polyvinyl alcohol polyethylene glycol graft copolymer market is the rapid increase in advancement of pharmaceutical and construction industry. Polyvinyl alcohol polyethylene glycol graft copolymer can be used as the substitute for hydroxypropyl methylcellulose and polyvinylpyrrolidone (PVP), due to its less adverse effect and high efficiency. The main application of polyvinyl alcohol polyethylene glycol graft copolymer is used in formulation of omeprazole, which is used for the gastric problem as it provides instant release formulations. In construction, it is used as additives in paints or primer for moisture protection. Changing consumer lifestyle, growing population, predominance of disease and growing domestic income are expected to have a positive impact on the polyvinyl alcohol polyethylene glycol graft copolymer market.
In terms of market share, North America region accounted for a major fraction of the global polyvinyl alcohol polyethylene glycol graft copolymer market because of the high technological advancement in the pharmaceutical industry. The market in the Asia-Pacific region is also expected to grow at a significant pace owing to presence of increasing consumption of drugs and growing construction industry in the region.
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Polyvinyl Alcohol Polyethylene Glycol Graft Copolymer Market: Global Opportunity Analysis and Industry Forecast, 2021–2028 Report Highlights
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Key Market Players | BASF SE, Sigma-Aldrich, Parchem fine & specialty chemicals, Liwei Chemicals China, Nippon-Gohsei, East Hony, Sekisui, Anmol Chemicals, XiamenSinopeg Biotech CO., LTD., Kuraray Poval, Synthomer, Akshar International |
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