Press release
Pyrrolidone Market Business Overview to 2025 are dominated by key players : BASF SE, Shandong Qingyun Changxin Chemical Science-Tech Co., Quzhou Jianhua Nanhang Industrial Co., Ltd. and Zhejiang Realsun Chemical Industry. Co., Ltd.
Pyrrolidone Market was valued at USD xx million in 2018 and projected to reach USD xx million by 2025 growing at a CAGR of xx% during the forecast period 2019 to 2025.
Pyrrolidone Market Overview:
Pyrrolidone is characterized in particular by the flash point higher and the lower volatility. This colorless organic polar aprotic solvent is also called N-methylpyrrolidone (NMP). NPM is an important market in the global chemical industry. Industrial applications will continue to stimulate the pyrrolidone market in the coming years.
Browse details of 130 number of pages research report developed on Pyrrolidone Market @ https://www.researchcosmos.com/reports/pyrrolidone-market/948197775
Pyrrolidone Market Growth Drivers and Restraints:
The pyrrolidone market is expected to grow due to increasing demand for natural gas in developing and developed economies. Pyrrolidone is widely used for extracting natural gas from a crude oil mixture because its organic properties are a hygroscopic liquid. Technological advances in extraction processes have led to an increase in the production of natural gas around the world. The use of natural gas extracted with pyrrolidone as a domestic fuel has triggered demand for this market worldwide. The application of pyrrolidone in the finished products industries, mainly in the production of PVC, has been fundamental to stimulate the global market for pyrrolidone. Other important applications of pyrrolidone include the manufacture of drugs, pigments, herbicides, insecticides and fungicides.
Pyrrolidone can have adverse effects on human health. This factor is expected to hinder the growth of the global pyrrolidone market. It is expected that the potential application of pyrrolidone in the formulation of cosmetics will open up growth prospects for the next seven years. It also has an important application in the desulfurization of gas damaged by the pharmaceutical and agrochemical markets, which offers new opportunities.
2-Pyrrolidone is used among other things as a solvent, pharmaceutical drug and in personal care and home care applications. NMP is used in the paints and coatings, automotive and automotive industries plastics. N-octylpyrrolidone is used in the manufacture of chemicals, pesticides, fertilizers and textile finishes, and other applications. All these applications will increase market share in the future.
Geographic Insights of Pyrrolidone Market:
Pyrrolidone is widely used in North America and Europe. However, it is likely that the market share of will decrease in these regions due to the strict regulatory bodies. Increased demand for natural gas is expected to rise the need for pyrrolidone in developing regions such as Asia-Pacific, which accounted for more than 40% of the market in the previous years.
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Key Market Players of Pyrrolidone Market:
The main players in the manufacturing of pyrrolidone are Ashland Inc., BASF SE, Shandong Qingyun Changxin Chemical Science-Tech Co., Mitsubishi Chemical Engineering Corporation, Balaji Amines, Quzhou Jianhua Nanhang Industrial Co., Ltd. and Zhejiang Realsun Chemical Industry. Co., Ltd.
Pyrrolidone Market Key Segmentation:
By Type:
• 2-pyrrolidone
• N-methylpyrrolidone
• N-octylpyrrolidobe
• N-vinylpyrrolidone
By Application:
• Agrochemicals
• Paints & Coatings
• Plastics
By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East & Africa
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