Global N-Methyl -2-Pyrrolidone market 2024-2030
Description
N-methyl -2-pyrrolidone (NMP) which is widely significant in a range of industrial verticals, for example, industries like petrochemical, electronics, pharmaceuticals, agrochemicals, industrial-cleaning, and paints and coatings. It is known for its properties like high flame point &lower volatility. NMP is in a colorless, organic, and is a polar aprotic solvent.
NMP is used in especially in industries like petrochemicals for butadiene recovery and in extractingaromatic hydrocarbons, electronics for production of the lithium-ion battery, also for semiconductor device fabrication, and wire coating, and other industries. NMP is mostly in use as adhesives, dyes, inks, plastic, rubber, cosmetics & personal care products, and as reagents for industrial & household cleaning.
The report on global N-methyl -2-pyrrolidone market shows insights on the current market scenario by conducting over 280 hours of primary and secondary research. As per the report, global N-methyl -2-pyrrolidone market is growing its area and effective sphere of influence very fast and is gaining popularity. The global N-Methyl-2-Pyrrolidone market is likely to be valued at US $ xxx million by the year 2023 as compared to the previous levels of US $ xxx million in the year 2018, thereby expected to record a CAGR of xxx % per annum.
The eruption of the consumer electronics industry is anticipated to increase the demand for NMP so as to meet the electronics production requirement globally. Rising demand agrochemicals industry will continue to generate a market for NMP for the future estimated period. Successfully developing pharmaceuticals industry is another driving factor that would help sustain the NMP market.
Strict laws by stringent government bodies, especially in Northern America and European regions, will continue labeling NMP as a reproductive, and a developmental toxin. This is estimated to remain as a long-term concern for the growth of the NMP market. Moreover, the market has also been observing a downfall of applications in the industrial cleaning, and the paints and coatings industry which seems to continue as a fact of a hindrance for the NMP market.
The global N-Methyl-2-Pyrrolidone market in segmentation across as North America, Europe, Asian Pacific (APAC), Latin America, Middle East, and Africa regions. These regions in anticipation, are recording the maximum consumption of the NMP marketworldwide. This growth is precisely due to the rising rate of industrialization, urbanization, and infrastructure development in evolving and emerging economies.
Some of the prominent players in the global N-methyl-2-pyrrolidone market include BASF SE, Ashland Inc., LyondellBasell Industries N.V., Abtonsmart Chemical (Group) Co. Ltd., Shandong Qing Yun Changxin Chemical Science-Tech Co. Ltd. and Balaji Amines Limited.
The research procedure starts with the bifurcation of different market segments of global N-methyl -2-pyrrolidone market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across global N-methyl -2-pyrrolidone industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:
By company type:
Manufacturers (35%), Suppliers (35%), Consumers (10%), Researchers (10%), Independent industry consultant (10%)
By geography:
North America (35%), Asia (30%), Europe (35%)
By designation:
Top level (40%), Operation level (30%), Mid-level (30%)
Contents of the report:
NMP is used in especially in industries like petrochemicals for butadiene recovery and in extractingaromatic hydrocarbons, electronics for production of the lithium-ion battery, also for semiconductor device fabrication, and wire coating, and other industries. NMP is mostly in use as adhesives, dyes, inks, plastic, rubber, cosmetics & personal care products, and as reagents for industrial & household cleaning.
The report on global N-methyl -2-pyrrolidone market shows insights on the current market scenario by conducting over 280 hours of primary and secondary research. As per the report, global N-methyl -2-pyrrolidone market is growing its area and effective sphere of influence very fast and is gaining popularity. The global N-Methyl-2-Pyrrolidone market is likely to be valued at US $ xxx million by the year 2023 as compared to the previous levels of US $ xxx million in the year 2018, thereby expected to record a CAGR of xxx % per annum.
The eruption of the consumer electronics industry is anticipated to increase the demand for NMP so as to meet the electronics production requirement globally. Rising demand agrochemicals industry will continue to generate a market for NMP for the future estimated period. Successfully developing pharmaceuticals industry is another driving factor that would help sustain the NMP market.
Strict laws by stringent government bodies, especially in Northern America and European regions, will continue labeling NMP as a reproductive, and a developmental toxin. This is estimated to remain as a long-term concern for the growth of the NMP market. Moreover, the market has also been observing a downfall of applications in the industrial cleaning, and the paints and coatings industry which seems to continue as a fact of a hindrance for the NMP market.
The global N-Methyl-2-Pyrrolidone market in segmentation across as North America, Europe, Asian Pacific (APAC), Latin America, Middle East, and Africa regions. These regions in anticipation, are recording the maximum consumption of the NMP marketworldwide. This growth is precisely due to the rising rate of industrialization, urbanization, and infrastructure development in evolving and emerging economies.
Some of the prominent players in the global N-methyl-2-pyrrolidone market include BASF SE, Ashland Inc., LyondellBasell Industries N.V., Abtonsmart Chemical (Group) Co. Ltd., Shandong Qing Yun Changxin Chemical Science-Tech Co. Ltd. and Balaji Amines Limited.
The research procedure starts with the bifurcation of different market segments of global N-methyl -2-pyrrolidone market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across global N-methyl -2-pyrrolidone industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:
By company type:
Manufacturers (35%), Suppliers (35%), Consumers (10%), Researchers (10%), Independent industry consultant (10%)
By geography:
North America (35%), Asia (30%), Europe (35%)
By designation:
Top level (40%), Operation level (30%), Mid-level (30%)
Contents of the report:
- Insights on the global N-methyl -2-pyrrolidone industry dynamics
- Current estimation of the global N-methyl -2-pyrrolidone market size in terms of value and volume
- Global N-methyl -2-pyrrolidone market breakup based on product type and application.
- Authenticated global N-methyl -2-pyrrolidone market forecast for the next five years
- Comprehensive analysis of the key companies operating across different nodes of global N-methyl -2-pyrrolidone industry value chain.
Table of Contents
- 1. Introduction
- Purpose of the report
- Research methodology
- Executive summary
- 2. Product Overview
- Product analysis
- Portfolio analysis of top companies
- Value chain analysis
- Market dynamics
- 3. Global Market Analysis
- Global n-methyl -2-pyrrolidone market size (2024–2030)
- By value
- By volume
- Global n-methyl -2-pyrrolidone market share (2024–2030)
- oBy product type
- By application
- By company
- By geography
- 4. North America Market Analysis
- North America n-methyl -2-pyrrolidone market size (2024–2030)
- By value
- By volume
- North America n-methyl -2-pyrrolidone market share (2024–2030)
- oB y product type
- By application
- By company
- By geography
- 5. Europe Market Analysis
- Europe n-methyl -2-pyrrolidone market size (2024–2030)
- By value
- By volume
- Europe n-methyl -2-pyrrolidone market share (2024–2030)
- oB y product type
- By application
- By company
- By geography
- 6. Asia-Pacific Market Analysis
- Asia-Pacific n-methyl -2-pyrrolidone market size (2024–2030)
- By value
- By volume
- Asia-Pacific n-methyl -2-pyrrolidone market share (2024–2030)
- oB y product type
- By application
- By company
- By geography
- 7. Middle East Market Analysis
- Middle East n-methyl -2-pyrrolidone market size (2024–2030)
- By value
- By volume
- Middle East n-methyl -2-pyrrolidone market share (2024–2030)
- oBy product type
- By application
- By company
- By geography
- 8. Africa Market Analysis
- Africa n-methyl -2-pyrrolidone market size (2024–2030)
- By value
- By volume
- Africa n-methyl -2-pyrrolidone market share (2024–2030)
- oBy product type
- By application
- By company
- By geography
- 9. Latin America Market Analysis
- Latin America n-methyl -2-pyrrolidone market size (2024–2030)
- By value
- By volume
- Latin America n-methyl -2-pyrrolidone market share (2024–2030)
- oBy product type
- By application
- By company
- By geography
- 10. Competitive Intelligence
- BASF SE
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 2
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 3
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 4
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 5
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 6
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 7
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 8
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 9
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- 11. Appendix
- Primary research breakup
- List of interview participants
- Discussion guide
- Interview transcript
- About Market Krystal team
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