The global N-Methyl-2-pyrrolidone (NMP) market was valued at US$ 905.2 million in 2020 and it is expected to reach US$ 4879.9 million by the end of 2027, growing at a CAGR of 10.6% during 2021-2027.
N-Methyl-2-pyrrolidone (NMP) is an important polar solvent with strong selectivity and stability. It is a colorless oily liquid and has slight amine odor, which can be soluble in water, alcohols, ethers, esters, ketones, halogenated hydrocarbons, aromatics and castor oil.
NMP has the advantages of low toxicity, high boiling point, high solubility, etc.
NMP has wide applications in electronics, pharmaceuticals, paints and coatings, petrochemical processing and others.
The N-Methyl-2-pyrrolidone (NMP) industry has strong technical barriers and high industry concentration. The top 5 manufacturers include BASF, Yuneng Chemical, Synmiway Chemical, MYI Chemical and Ganzhou Zhongneng, accounted for 50% share. The manufacturers are concentrated in China, United States, Europe and Japan.
Global N-Methyl-2-pyrrolidone (NMP) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global N-Methyl-2-pyrrolidone (NMP) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Basf, Mitsubishi Chemical, Londellbasell, Ashland, Eastman, Synmiway Chemical, MYI Chemical, Yuneng Chemical, Ganzhou Zhongneng, Guangming Chemicals, Ruian Chemical, Snet, Cnsg and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-n-methyl-2-pyrrolidone-nmp-market-outlook
Segment by Type
- Electronic Grade
- Pharmaceutical Grade
- Industrial Grade
Segment by Application
- Paints and Coatings
- Petrochemical Processing
Table of Content:
1 N-Methyl-2-pyrrolidone (NMP) Market Overview
2 N-Methyl-2-pyrrolidone (NMP) Market Competition by Manufacturers
3 N-Methyl-2-pyrrolidone (NMP) Retrospective Market Scenario by Region
4 Global N-Methyl-2-pyrrolidone (NMP) Historic Market Analysis by Type
5 Global N-Methyl-2-pyrrolidone (NMP) Historic Market Analysis by Application
6 Key Companies Profiled
7 N-Methyl-2-pyrrolidone (NMP) Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 N-Methyl-2-pyrrolidone (NMP) Market Dynamics
10 Global N-Methyl-2-pyrrolidone (NMP) Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.