Global Povidone Iodine Market, By Product (Electronic Grade, Pharmaceutical Grade PVP-I, Industrial Grade PVP-I, Medical Grade PVP-I), Type (Scrub, Topical Solution, Ointments), Concentration (10% Solution, 7.5% Solution), Application (Infection Prevention, Skin Sterilization, Instrument Sterilization, Aquaculture, Breeding Industry, Food Industry, Hospitals and Clinics, Others), End- Users (Agrochemicals, Electronics, Paints and Coatings, Petrochemicals, Pharmaceuticals, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Over the last few years, there has been immense growth in the chemical industry. Additionally, there has been substantial development in the manufacturing sector, which has significantly contributed to the lubricants market, further increasing overall growth.
Global povidone iodine market was valued at USD 145.65 million in 2021 and is expected to reach USD 212.58 million by 2029, registering a CAGR of 4.75% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Product (Electronic Grade, Pharmaceutical Grade PVP-I, Industrial Grade PVP-I, Medical Grade PVP-I), Type (Scrub, Topical Solution, Ointments), Concentration (10% Solution, 7.5% Solution), Application (Infection Prevention, Skin Sterilization, Instrument Sterilization, Aquaculture, Breeding Industry, Food Industry, Hospitals and Clinics, Others), End- Users (Agrochemicals, Electronics, Paints and Coatings, Petrochemicals, Pharmaceuticals, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Glide Chem Private Limited (India), Adani Pharmachem Private Limited (India), Boai NKY Pharmaceuticals Ltd. (China), Lasa Supergenerics Ltd (India), Medline Industries, Inc. (U.S.), R.N. LABORATORIES PVT. LTD. (India), BASF SE (Germany), SamratPharmachem Limited (India), SHANGHAI YUKING WATER SOLUBLE MATERIAL TECH CO.,LTD. (China), Huangshan Bonsun Pharmaceuticals Co.,Ltd. (China), Vishal Laboratories (India), Sigma Aldrich (U.S.), Merck KGaA (U.S.), Boai NKY Pharmaceuticals (China), KAO Corporation (Japan) and Nippon Shokubai Co., Ltd (Japan)
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Market Opportunities
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Market Definition
Povidone-iodine (also called iodopovidone) is an antiseptic used to clean the skin before and after surgery. It can be used to disinfect both healthcare providers' hands and the skin of the person being cared for. It can also be used to treat minor injuries.
Povidone iodine Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Burgeoning Utilization across Healthcare
The povidone iodine offers antibacterial properties, which is the ability to kill bacteria, viruses, spores, protozoa, and fungi, and low toxicity to humans, povidone-iodine is becoming increasingly popular as an effective disinfectant. Therefore, it is becoming more popular as an antiseptic agent in the healthcare industry due to its ability to kill microorganisms and reduce the risk of infection. Antiseptic product demand is increasing due to an increase in invasive surgeries and rapid growth in the healthcare industry in both developed and developing economies. Furthermore, the product is used in the treatment of skin, mouth, and throat infections, which drives industry statistics. Moreover, the increasing prevalence of various diseases in hospitals and clinics has surged the demand for instrument sterilizers, which further boosts the market growth.
Furthermore, the increasing incidences of injuries in the workplace further propels the growth rate of povidone iodine market. Additionally, the increasing adoption in pet animals and growing demand for animal health care products coupled with its usage in antiseptic cream formulation will also drive market value growth. The expansion of the end use industries is also projected to bolster the market's growth.
Opportunities
- Investments and Product Developments
Furthermore, significant investments in research and development activities that further enhance product applications extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the various product developments by the market players will further expand the future growth of the povidone iodine market.
Restraints/Challenges
- Negative Impact of Povidone Iodine
Local swelling, irritation, itching, and rash are common side effects of povidone iodine eye drops and skin formulations. Povidone iodine can be corrosive if used excessively. These factors are likely to stymie the global povidone iodine market during the forecast period.
- Presence of Alternatives
Also, the availability of substitute in the market will further derail the demand for the povidone iodine. Therefore, this factor will challenge the povidone iodine market growth rate.
This povidone iodine market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the povidone iodine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Povidone Iodine Market
The recent outbreak of coronavirus had a positive impact on the povidone iodine market. The growth of the povidone iodine even during the pandemic is due to its antibacterial properties. The povidone iodine is estimated to gain huge opportunities due to growing sanitation requirements. Moreover, gargling with both povidone-iodine and chlorinated tap water to prevent upper respiratory tract infections is becoming increasingly important during the COVID-19 outbreak. Povidone iodine manufacturers are improving their designing and formulation capabilities in order to capitalize on revenue opportunities in dental devices and PVP-I induced dental floss products. Companies should increase their production capabilities because chlorhexidine-alcohol (CA) is an alternative to povidone iodine before elective CS (caesarean section), and the low cost of PVP-I offsets the advantages of CA. Because of the benefit of enhanced epithelization, PVP-I liposome hydrogels have received a lot of attention for use in wound healing applications. As a result, companies in the povidone iodine market are increasing their R&D efforts to assess PVP-efficacy I's against the novel coronavirus. For instance, Avrio Health L.P., a global leader in consumer health products, has launched a programme to investigate the potential safety and virucidal properties of Betadine® antiseptic products containing povidone iodine as an active ingredient. Povidone iodine companies are increasing their efficacy in in vitro and in vivo studies to investigate the effectiveness of povidone iodine against the virus that causes COVID-19.
Recent Development
- In February 2021, Avrio Health launched Betadine, an antiseptic oral rinse containing 0.5 percent povidone-iodine as an active ingredient. It is an antiseptic preprocedural oral rinse product designed exclusively for professional use in the repair of oral mucous prior to dental surgery, tooth extraction, and injection. This initiative was primarily intended to expand the current product portfolio and create a competitive advantage in the market.
- In July 2020, Povidone-iodine, a fully sterile solution used for skin preparation, was introduced by BD. The product is called BD Purprep, and healthcare professionals use it to prepare patients' skin for surgery. In the United States, it is sold as an antiseptic skin preparation sterile solution (PVP- I), which is used for single-use antiseptic skin preparation. The product is specifically designed to promote the aseptic non-touch method and prevent cross-contamination in order to reduce the likelihood of outbreaks associated with microbial contamination of antiseptic products.
Global Povidone Iodine Market Scope
The povidone iodine market is segmented on the basis of product, type, concentration, application and end- users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Electronic Grade
- Pharmaceutical Grade PVP-I
- Industrial Grade PVP-I
- Medical Grade PVP-I
Type
- Scrub
- Topical Solution
- Ointments
Concentration
- 10% Solution
- 7.5% Solution
Application
- Infection Prevention
- Skin Sterilization
- Instrument Sterilization
- Aquaculture
- Breeding Industry
- Food Industry
- Hospitals and Clinics
- Others
End Users
- Agrochemicals
- Electronics
- Paints and Coatings
- Petrochemicals
- Pharmaceuticals
- Others
Povidone Iodine Market Regional Analysis/Insights
The povidone iodine market is analyzed and market size insights and trends are provided by country, product, type, concentration, application and end- users as referenced above.
The countries covered in the povidone iodine market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the rapidly developing healthcare sector across the economies such as China, India, Malaysia, and Thailand.
North America on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increased demand for antiseptics and disinfectants because of surging number of trauma, dental, maxillofacial, and bariatric surgeries within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Povidone Iodine Market Share Analysis
The povidone iodine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to povidone iodine market.
Some of the major players operating in the povidone iodine market are
- Glide Chem Private Limited (India)
- Adani Pharmachem Private Limited (India)
- Boai NKY Pharmaceuticals Ltd. (China)
- Lasa Supergenerics Ltd (India)
- Medline Industries, Inc. (U.S.)
- R.N. LABORATORIES PVT. LTD. (India)
- BASF SE (Germany)
- SamratPharmachem Limited (India)
- SHANGHAI YUKING WATER SOLUBLE MATERIAL TECH CO.,LTD. (China)
- Huangshan Bonsun Pharmaceuticals Co.,Ltd. (China)
- Vishal Laboratories (India)
- Sigma Aldrich (U.S.)
- Merck KGaA (U.S.)
- Boai NKY Pharmaceuticals (China)
- KAO Corporation (Japan)
- Nippon Shokubai Co., Ltd (Japan)
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