HOME Press Releases NMP (N-Methyl-2-pyrrolidone) Market worth 795.8 Million USD by 2022



NMP (N-Methyl-2-pyrrolidone) Market worth 795.8 Million USD by 2022


The report "NMP (N-Methyl-2-Pyrrolidone) Market by Application (Petrochemicals, Electronics, Paints & Coatings, Agrochemicals, Pharmaceutical) and Region (Asia Pacific, Europe, North America, Middle East & Africa, South America) - Global Forecast to 2022", The NMP market size is projected to grow from USD 572.5 Million in 2017 to USD 795.8 Million by 2022, at a CAGR of 6.8% during the forecast period. NMP is used in petrochemicals (butadiene recovery and extraction of aromatic hydrocarbons), electronics (lithium-ion battery production, semiconductor device fabrication, and wire enamel coating), pharmaceutical, and other industries. Other applications include adhesives & sealants, dyes, inks, plastic, rubber, cosmetics & personal care products, and industrial & household cleaning reagent.

           Request Sample           Request Sample        download pdf

Browse 60 market data Tables and 27 Figures spread through 95 Pages and in-depth TOC on "NMP (N-Methyl-2-Pyrrolidone) Market by Application (Petrochemicals, Electronics, Paints & Coatings, Agrochemicals, Pharmaceutical) and Region (Asia Pacific, Europe, North America, Middle East & Africa, South America) - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/n-methyl-2-pyrrolidone-market-52143523.html
Early buyers will receive 10% customization on reports.

Petrochemicals segment is projected to be the largest application of the NMP market from 2017 to 2022.

The petrochemicals application segment of the NMP market includes butadiene recovery and extraction of aromatic hydrocarbons, such as Benzene, Toluene, and Xylene (BTX). NMP is also used in lube oil purification. The demand for NMP in the petrochemical industry is growing due to its high solvency and low degradation rate as compared to other chemicals. NMP faces competition from other polar aprotic solvents, such as acetonitrile, furfural, sulfolane, and dimethylformamide. APAC and the Middle East & Africa are increasing the production of BTX, thereby fueling the demand for NMP during the forecast period.

Asia Pacific is projected to be the fastest-growing market for NMP.

Asia Pacific is projected to be the fastest-growing market for NMP. China is expected to be the largest market for NMP in the Asia Pacific region. China, Japan, and South Korea are leading manufacturers of lithium-ion batteries in the world. These countries are likely to increase their battery production capacities to meet the rising demand from the electric vehicle industry across the globe. China and India are the leading manufacturers of pharmaceuticals and agrochemicals and are increasing their domestic production of these products to meet their rising domestic as well as international demand. The growing production of lithium-ion batteries, pharma products, and agrochemicals in countries such as China, India, and South Korea is expected to fuel the demand for NMP in the region during the forecast period.

Key companies operating in the NMP market are Ashland (US), Balaji Amines (India), BASF (Germany), Lyondellbasell (US), and Mitsubishi Chemical Corporation (Japan).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

We will organize an analyst call and demonstrate the latent opportunities and threats which will likely impact your business, at no cost.

Speak to Analyst


* Name :
* Business Email :
* Phone :
* Country:
Report CH 6095: N-Methyl-2-pyrrolidone (NMP) Market by Application (Petrochemicals, Electronics, Paints & Coatings, Agrochemicals, Pharmaceutical) and Region (Asia Pacific, Europe, North America, Middle East & Africa, South America) - Global Forecast to 2022
* Enter the text from the image
   to the textbox :
3 7 6 5 8  
Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports