The newly N-Methyl-2-Pyrrolidone (NMP) market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Product Information
N-Methyl-2-Pyrrolidone (NMP), also known as N-methyl-pyrrolidone or 1-methyl-2- pyrrolidone is a polar aprotic solvent with low viscosity. It is organic, a colorless aprotic solvent having high solvency and higher flame point. It is obtained by the condensation of gamma-butyrolactone and monomethylamine.
On the basis of products, the various types include Electronic Grade, Pharmaceutical Grade, and Industrial Grade. On the basis of application, the N-Methyl-2-Pyrrolidone (NMP) market is segmented into Electronic Materials, Pharmaceuticals, Paints and Coatings, Petrochemical Processing, Pesticide, and Others.
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Market Insights
According to a new research study, the N-Methyl-2-Pyrrolidone (NMP) market size is expected to reach USD 921 million by 2026 from USD 580 million in 2019, with a compound annual growth rate of 6.85% during the forecast period. The growth can be mainly attributed to the increasing demand for N-Methyl-2-Pyrrolidone (NMP), especially in developing countries in the Asia-pacific region. With the recovery of the global economy and the development of emerging powers, the N-Methyl-2-Pyrrolidone (NMP) market is endowed with a promising future. However, toxic effects pertaining to the use of N-methyl-2-pyrrolidone can pose a challenge to market growth.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Asia-Pacific is the global market leader at a share of 47.22% and is expected to show the fastest growth rate during the forecast period. This can be attributed to increasing Foreign Direct Investment in Emerging economies such as India and rapid urbanization in these countries coupled with per-capita disposable income levels. China, Japan, and South Korea are likely to increase their battery production capacity to meet the growing demand of the global electric vehicle industry. North America is currently leading Europe with a share of 25.63% and 23.69%.
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Competitive Players
The N-Methyl-2-Pyrrolidone (NMP) market is full of competition due to the presence of many large and small companies and local manufacturers. The leading vendors in the market are BASF, Ashland, LyondellBasell, Eastman, and Mitsubishi Chemical. Other prominent vendors in the market are Dupont, Shandong Qingyun Changxin, Puyang MYJ, Binzhou Yuneng, Puyang Guangming, Zhejiang Realsun, Taizhou Yanling, Nanjing Jinlong, Shandong Synmiway Chemical Group, and others.
Target Audience for this Report
l N-Methyl-2-Pyrrolidone (NMP) manufacturers
l N-Methyl-2-Pyrrolidone (NMP) importers and exporters
l N-Methyl-2-Pyrrolidone (NMP) traders, distributors, and suppliers
l Raw material suppliers of N-Methyl-2-Pyrrolidone (NMP)
l N-Methyl-2-Pyrrolidone (NMP) industry associations
l Product managers, N-Methyl-2-Pyrrolidone (NMP) industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of N-Methyl-2-Pyrrolidone (NMP) Market
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2 Market Trends and Competitive Landscape
3 Segmentation of N-Methyl-2-Pyrrolidone (NMP) Market by Types
4 Segmentation of N-Methyl-2-Pyrrolidone (NMP) Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of N-Methyl-2-Pyrrolidone (NMP) Market in Major Countries
7 North America N-Methyl-2-Pyrrolidone (NMP) Landscape Analysis
8 Europe N-Methyl-2-Pyrrolidone (NMP) Landscape Analysis
9 Asia Pacific N-Methyl-2-Pyrrolidone (NMP) Landscape Analysis
10 Latin America, Middle East & Africa N-Methyl-2-Pyrrolidone (NMP) Landscape Analysis
11 Major Players Profile
11.1 BASF
11.1.1 BASF Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Ashland
11.3 LyondellBasell
11.4 Eastman
11.5 Mitsubishi Chemical
11.6 Dupont
11.7 Shandong Qingyun Changxin
11.8 Puyang MYJ
11.9 Binzhou Yuneng
11.10 Puyang Guangming
11.11 Zhejiang Realsun
11.12 Taizhou Yanling
11.13 Nanjing Jinlong
11.14 Shandong Synmiway Chemical Group
…
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Key questions answered in the report
l What will the market size and growth rate be in 2026?
l What segment or region will drive or lead the market growth and what are the reasons?
l How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
l What key strategies are used by top vendors to increase revenue?
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