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N-Methyl-2-Pyrrolidone (NMP) Market: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028

N-Methyl-2-Pyrrolidone (NMP) Market: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028

Relative non-reactivity and high solvency to make N-Methyl-2-Pyrrolidone widely applicable worldwide

N-Methyl-2-Pyrrolidone is highly soluble in lower ketones, lower alcohols, ethyl acetate, chloroform, benzene, ether and is moderately soluble in aliphatic hydrocarbons. It is biodegradable and recyclable by distillation and has versatile properties and finds applications in industrial and automotive cleaning, photoresist stripping, graffiti removal and water borne coatings. NMP, owing to its relative non-reactivity and high solvency, finds wide applicability as an extraction solvent in lube oil processing as well as in natural and synthetic gas purification. These properties also makes NMP widely applicable as an extraction solvent in lube oil processing as well as in natural and synthetic gas purification. NMP is used in water borne paints as a coalescing solvent and also in solvent-borne coatings. It finds significant usage in wire coatings made from PAI and PI. It is also used in the production of magnetic wire coatings. Among all the major application areas, electronics is expected to dominate the global market, with its market value expected to reach over US$ 250 Mn by the end of 2028, growing at a CAGR of 5.2% during the forecast period. Industrial cleaners may also turn out to be another lucrative application area of NMP with a high market value estimated during the forecast period. Increasing production of electronics to boost the application of NMP and fuel market revenue growth

Demand for NMP is anticipated to increase in some end use applications such as electronics during the forecast period. There is no direct exposure to NMP in the electronics industry as most processes are conducted in isolated clean rooms. Over the last few years, the electronic goods market in Europe has been growing steadily with a higher growth rate than the global industry production. The Li-ion battery market is also anticipated to expand at a strong rate during the forecast period, which in turn will trigger the growth of the NMP market worldwide. However, within Europe, Germany is the largest producer of electronic goods. The production growth rate of the electronics industry in Germany has been above the European average. Approximately 40% of the electronic products manufactured in Germany are exported. The German electronics industry is recognised as one of the strongest and is also the most research and development intensive, thereby making it the most lucrative regional market for NMP.

Introduction of product substitutes in the global NMP market may lead to a decline in revenue growth

The price of NMP ranges from US$ 2000 per ton to over US$ 2800 per ton. This is a result of low production volume and extreme care is required during the manufacturing process involving the use of NMP. This makes the production cost higher than that of regular grades. The use of NMP is limited to certain high cost, speciality and niche applications that necessitate significantly higher levels of purity and performance characteristics. For the same reason, the overall NMP market is significantly smaller as compared to other industrial solvents. Companies are now looking for substitutes of NMP due to its high cost, delicate nature, and also due to concerns pertaining to health safety. Mature markets in the Asia Pacific region are anticipated to show moderate growth of green products. The trend in Asia Pacific is to produce products that are environment-friendly and cause no harm to human health. These factors may lead to a decline in the growth of the global NMP market in the coming years.


1. Executive Summary
1.1. Overview
1.2. Market Analysis
1.3. Market Scenario
1.4. FMI Analysis and Recommendations
1.5. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
2.3. Key Metrics of NMP
2.3.1. Logistics and Modes of Transport
2.3.2. Average Order Quantity
2.3.3. Availability of Alternatives in end-use applications
2.3.4. Indicative list of alternatives available for NMP in electronics and coatings sector
2.4. Key Regulations
3. Market Viewpoint
3.1. Macro-Economic Factors
3.1.1. Global GDP Growth Rate Outlook
3.1.2. Global Chemicals Industry Outlook
3.1.3. Global Pharmaceutical Industry Outlook
3.1.4. Global Sodium Electronics Industry Outlook
3.1.5. Global Plastic Polymers Industry Outlook
3.1.6. Global Paints and Coatings Industry Outlook
3.2. Key Regulations
4. Global N-Methyl-2-Pyrrolidone Market Analysis 2013–2017 and Forecast 2018–2028
4.1. Introduction
4.1.1. Global NMP Market Revised Forecast
4.1.2. Market Volume Projections
4.1.3. Pricing Analysis
4.1.4. Market Value Projections
4.1.5. Market Size and Y-o-Y Growth
4.1.6. Absolute $ Opportunity
4.2. Global Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Trends
4.3. Global Supply Demand Scenario
4.4. Value Chain Analysis
4.5. Potential End Users of NMP
4.6. List of suppliers of NMP
4.7. NMP Market: Cost Structure Analysis
4.8. NMP Market: Lifecycle analysis overview
4.9. NMP Market: Competitiveness Factor
4.10. NMP Market: Key Success Factors
4.11. NMP Market: Selection Criterion
4.12. NMP Market: Forecast and Relevance Factors
5. Global N-Methyl-2-Pyrrolidone Market Analysis 2013–2017 and Forecast 2018–2028 By Application
5.1. Introduction / Key Findings
5.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2013 - 2017
5.3. Current Market Size (US$ Mn) and Volume Forecast By Application, 2018 - 2028
5.3.1. Petrochemical Processing
5.3.2. Paints and Coatings
5.3.3. Industrial Cleaners
5.3.4. Electronics
5.3.5. Agrochemicals
5.3.6. Pharmaceuticals
5.3.7. Others
5.4. Market Attractiveness Analysis By Application
6. Global N-Methyl-2-Pyrrolidone Market Analysis 2013–2017 and Forecast 2018–2028 By Region
6.1. Introduction / Key Findings
6.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2013 - 2017
6.3. Current Market Size (US$ Mn) and Volume Forecast By Region, 2018 - 2028
6.3.1. North America
6.3.2. Latin America
6.3.3. Asia Pacific Excluding Japan
6.3.4. Western Europe
6.3.5. Eastern Europe
6.3.6. Middle East and Africa
6.3.7. Japan
6.3.8. China
6.4. Market Attractiveness Analysis By Region
7. North America N-Methyl-2-Pyrrolidone Market Analysis 2013–2017 and Forecast 2018–2028
7.1. Introduction
7.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2013 - 2017
7.2.1. By Country
7.2.2. By Application
7.3. Current Market Size (US$ Mn) and Volume Forecast By Country 2018 - 2028
7.3.1. U.S.
7.3.2. Canada
7.4. Current Market Size (US$ Mn) and Volume Forecast By Application 2018 - 2028
7.4.1. Petrochemical Processing
7.4.2. Paints and Coatings
7.4.3. Industrial Cleaners
7.4.4. Electronics
7.4.5. Agrochemicals
7.4.6. Pharmaceuticals
7.4.7. Others
7.5. Market Attractiveness Analysis
7.5.1. By Country
7.5.2. By Application
8. Latin America N-Methyl-2-Pyrrolidone Market Analysis 2013–2017 and Forecast 2018–2028
8.1. Introduction
8.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2013 - 2017
8.2.1. By Country
8.2.2. By Application
8.3. Current Market Size (US$ Mn) and Volume Forecast By Country 2018 - 2028
8.3.1. Brazil
8.3.2. Mexico
8.3.3. Rest of Latin America
8.4. Current Market Size (US$ Mn) and Volume Forecast By Application 2018 - 2028
8.4.1. Petrochemical Processing
8.4.2. Paints and Coatings
8.4.3. Industrial Cleaners
8.4.4. Electronics
8.4.5. Agrochemicals
8.4.6. Pharmaceuticals
8.5. Market Attractiveness Analysis
8.5.1. By Country
8.5.2. By Application
9. SEA & Pacific N-Methyl-2-Pyrrolidone Market Analysis 2013–2017 and Forecast 2018–2028
9.1. Introduction
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2013 - 2017
9.2.1. By Country
9.2.2. By Application
9.3. Current Market Size (US$ Mn) and Volume Forecast By Country 2018 - 2028
9.3.1. India
9.3.2. South Korea
9.3.3. Rest of SEA & Pacific
9.4. Current Market Size (US$ Mn) and Volume Forecast By Application 2018 - 2028
9.4.1. Petrochemical Processing
9.4.2. Paints and Coatings
9.4.3. Industrial Cleaners
9.4.4. Electronics
9.4.5. Agrochemicals
9.4.6. Pharmaceuticals
9.4.7. Others
9.5. Market Attractiveness Analysis
9.5.1. By Country
9.5.2. By Application
10. Western Europe N-Methyl-2-Pyrrolidone Market Analysis 2013–2017 and Forecast 2018–2028
10.1. Introduction
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2013 - 2017
10.2.1. By Country
10.2.2. By Application
10.3. Current Market Size (US$ Mn) and Volume Forecast By Country 2018 - 2028
10.3.1. Germany
10.3.2. Italy
10.3.3. France
10.3.4. U.K.
10.3.5. Spain
10.3.6. Rest of Western Europe
10.4. Current Market Size (US$ Mn) and Volume Forecast By Application 2018 - 2028
10.4.1. Petrochemical Processing
10.4.2. Paints and Coatings
10.4.3. Industrial Cleaners
10.4.4. Electronics
10.4.5. Agrochemicals
10.4.6. Pharmaceuticals
10.4.7. Others
10.5. Market Attractiveness Analysis
10.5.1. By Country
10.5.2. By Application
11. Eastern Europe N-Methyl-2-Pyrrolidone Market Analysis 2013–2017 and Forecast 2018–2028
11.1. Introduction
11.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2013 - 2017
11.2.1. By Country
11.2.2. By Application
11.3. Current Market Size (US$ Mn) and Volume Forecast By Country 2018 - 2028
11.3.1. Russia
11.3.2. Poland
11.3.3. Rest of Eastern Europe
11.4. Current Market Size (US$ Mn) and Volume Forecast By Application 2018 - 2028
11.4.1. Petrochemical Processing
11.4.2. Paints and Coatings
11.4.3. Industrial Cleaners
11.4.4. Electronics
11.4.5. Agrochemicals
11.4.6. Pharmaceuticals
11.4.7. Others
11.5. Market Attractiveness Analysis
11.5.1. By Country
11.5.2. By Application
12. China N-Methyl-2-Pyrrolidone Analysis 2013–2017 and Forecast 2018–2028
12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2013 - 2017
12.2.1. By Application
12.3. Current Market Size (US$ Mn) and Volume Forecast By Application 2018 - 2028
12.3.1. Petrochemical Processing
12.3.2. Paints and Coatings
12.3.3. Industrial Cleaners
12.3.4. Electronics
12.3.5. Agrochemicals
12.3.6. Pharmaceuticals
12.3.7. Others
12.4. Market Attractiveness Analysis
12.4.1. By Application
13. Japan N-Methyl-2-Pyrrolidone Analysis 2013–2017 and Forecast 2018–2028
13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2013 - 2017
13.2.1. By Application
13.3. Current Market Size (US$ Mn) and Volume Forecast By Application 2018 - 2028
13.3.1. Petrochemical Processing
13.3.2. Paints and Coatings
13.3.3. Industrial Cleaners
13.3.4. Electronics
13.3.5. Agrochemicals
13.3.6. Pharmaceuticals
13.3.7. Others
13.4. Market Attractiveness Analysis
13.4.1. By Application
14. Middle East and Africa N-Methyl-2-Pyrrolidone Market Analysis 2013–2017 and Forecast 2018–2028
14.1. Introduction
14.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2013 - 2017
14.2.1. By Country
14.2.2. By Application
14.3. Current Market Size (US$ Mn) and Volume Forecast By Country 2018 - 2028
14.3.1. Gulf Co-Operation Council (GCC) Countries
14.3.2. Northern Africa
14.3.3. Turkey
14.3.4. South Africa
14.3.5. Rest of MEA
14.4. Current Market Size (US$ Mn) and Volume Forecast By Application 2018 - 2028
14.4.1. Petrochemical Processing
14.4.2. Paints and Coatings
14.4.3. Industrial Cleaners
14.4.4. Electronics
14.4.5. Agrochemicals
14.4.6. Pharmaceuticals
14.4.7. Others
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Application
15. Competition Landscape
15.1. Market Structure
15.2. Competition Dashboard
15.3. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments)
15.3.1. BASF SE
15.3.1.1. Overview
15.3.1.2. Product Portfolio
15.3.1.3. Profitability by Segments/ Applications/ Technology
15.3.1.4. Production Footprint
15.3.1.5. Sales Footprint
15.3.1.6. Channel Footprint
15.3.1.7. Competition Benchmarking
15.3.1.8. Strategy
15.3.1.8.1. Marketing Strategy
15.3.1.8.2. Product Strategy
15.3.1.8.3. Channel Strategy
15.3.2. LyondellBasell Industries Holdings B.V
15.3.3. Ashland
15.3.4. Eastman Chemical Company
15.3.5. Mitsubishi Chemical Corporation
15.3.6. Hefei TNJ Chemical Industry Co., Ltd
15.3.7. Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd
15.3.8. Zhejiang Realsun Chemical Co., Ltd
15.3.9. Puyang Guangming Chemicals Co., Ltd
15.3.10. Abtonsmart Chemicals (Group) Co., Ltd
15.3.11. Balaji Amines
15.3.12. Binzhou Yuneng Chemical Co., Ltd
15.3.13. Binzhou City Zhanhua District Ruian Chemical Co., Ltd
15.3.14. Hefei Tengchao Chemical Material Co., Ltd
15.3.15. Shanghai Poochun Industry Co., Ltd

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