BASF Commences PVP Manufacturing Facility in Shanghai.

Germany based leading chemical company plans to start a new polyvinylpyrrolidone plant in China.

Shanghai: BASF, a leading global chemical manufacturer, is to set up a polyvinylpyrrolidone (PVP) manufacturing facility to produce PVP K30 powder, a water soluble polymers with applicability in several industries majorly in pharmaceutical excipients in China. The site has a quality control laboratory, warehouse capacity and production facilities. This project is a part of BASF’s global investment in PVP value chain for which the company announced to invest USD70 million in 2015. The plant operates in compliance with international standards and is a strategic step by the company to reach out to its customers and strengthen its position in the Asia-Pacific regional market.

TechSci Research depicts that the new facility of the water soluble polymer would strengthen the position of BASF in the global PVP market. Moreover, growing demand for multiple functionalities and applicability of PVP for different end user industries would aid to the growth of water soluble polymers market in the country and globally.

According to the recently published report by TechSci Research, “US Water Soluble Polymers Market By Type (Polyacrylamide, Guar Gum, Polyvinyl Alcohol etc.), By End Use Industry (Water Treatment, Food Processing, Enhanced Oil Recovery etc.), By Region, Competition Forecast & Opportunities, 2011-2025”, water soluble polymers market in the United States is valued at around USD5.5 billion and is expected to witness steady growth through 2025 on account of growing use of shale gas reserves in the region with increased use of hydraulic fracturing and drilling techniques, rising awareness about environmental concerns and the use of coagulants and flocculants for water treatment along with rising demand from food & beverage processing industries in the United States. Moreover, use of natural food additives, increasing use of cosmetics and personal care products coupled with growing pharmaceuticals sector and rising awareness about disposable waste management with developing trends of film packaging and green packaging among individuals are the factors leading to increased use of different types of water soluble polymers and are set to drive the water soluble polymers market in the United States through 2025.