Global N-Methyl-2-Pyrrolidone (NMP) Market: Things to Focus on to Ensure Long-term Success| LyondellBasell Industries Holdings, Ashland, Eastman Chemical Company, Mitsubishi Chemical Corporation.

Global Chemicals and Materials Industry Outlook

Recycle and reuse practices are impacting the sales of virgin materials, resulting into lesser dependency on volume-driven growth. New materials are showcasing potential for driving value-based growth, but chemical companies are still some time away from achieving voluminous production, while maintaining high quality at the same time. Barring few exceptions, a majority of players are still prioritizing short-term volume growth over long-term value growth. Pressure on improving bottom-line is influencing manufacturers to improve efficiency and reduce operational costs. The impact of value-driven growth may not be visible in the short-term, but long-term outlook remains in favor of a balanced approach between value and volume.

Manufacturers are under increasing pressure to incorporate digital solutions in their offerings. Forward-thinking manufacturers are investing in technology to reduce human interference and streamline key operational aspects such as ordering and shipping. Resonating its influence over every industry, Internet of Things (IoT) has the potential to transform and disrupt the chemical sector. Connectivity through IoT devices is gaining traction, whereas product-level sensors on dispensing equipment and barrels are helping manufacturers track their consignments digitally. Through assessment of long-term benefits, chemical companies are capitalizing on digitization by adopting digital platforms & processes that eliminate human error in profit-associated operations.

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Manufacturers continue seeking low-priced feedstock in a bid to marginally reduce pre-production costs. Industry leaders are joining forces to replace fossil fuel-derived feedstock with bio-based alternatives. However, concerns related to producing affordable and sustainable feedstock at mass scale remains a challenge. Access to quality and affordable feedstock will continue to remain a focus area for manufacturers. Chemical manufacturing processes are running on limited energy, while volume of feedstock is getting stranded at ports as disapproval from import authorities keeps disrupting supply chains in sectors, such as oleochemicals and petrochemicals industries.

Chemical manufacturers have promised support and adherence to governments & regional authorities that are committing towards green, sustainable initiatives. Development of bio-alternatives is gaining momentum. Research & academic institutes are teaming up with manufacturers to formulate sustainable substitutes for commonly-used chemical substrates. Many companies are keeping a close eye on advancements in “green chemistry.” Shift towards eco-friendly chemicals will gain momentum in the future on the back of government regulations and end-user preference. Rising costs of fossil fuels will also instrument the upsurge for sustainable chemicals manufacturing.

List of factors tracked in the Chemicals and Materials Market Report

Chemical Industry Value Add
Chemical Sales
Per Capita Consumption
Standard Capacity Factors
Plastics Consumption Outlook
Glass Consumption Outlook
Policies and Regulations
Historical growth of top players
Growth in associated markets
Net trade scenario
Apparent production capacity

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Data Collection

FMI collects data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage over paid database subscriptions and industry magazines to collect market information and developments in exhaustive manner. After being done with desk research, detailed questionnaire and discussion guide is formulated to initiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competition developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.

Data Validation

In this phase, FMI validates the data using macro and micro economic factors. For instance, growth in electricity consumption, industry value added, other industry factors, economic performance, growth of top players and sector performance is closely studied to arrive at precise estimates and refine anomalies if any.

Table Of Content

1. Executive Summary

1.1. Overview

1.2. Market Analysis

1.3. Market Scenario

1.4. FMI Analysis and Recommendations

1.5. Wheel of Fortune

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

2.3. Key Metrics of NMP

2.3.1. Logistics and Modes of Transport

2.3.2. Average Order Quantity

2.3.3. Availability of Alternatives in end-use applications

2.3.4. Indicative list of alternatives available for NMP in electronics and coatings sector

2.4. Key Regulations

3. Market Viewpoint

3.1. Macro-Economic Factors

3.1.1. Global GDP Growth Rate Outlook

3.1.2. Global Chemicals Industry Outlook

3.1.3. Global Pharmaceutical Industry Outlook

3.1.4. Global Sodium Electronics Industry Outlook

3.1.5. Global Plastic Polymers Industry Outlook

3.1.6. Global Paints and Coatings Industry Outlook

3.2. Key Regulations

4. Global N-Methyl-2-Pyrrolidone Market Analysis 2013–2017 and Forecast 2018–2028

4.1. Introduction

4.1.1. Global NMP Market Revised Forecast

4.1.2. Market Volume Projections

4.1.3. Pricing Analysis

4.1.4. Market Value Projections

4.1.5. Market Size and Y-o-Y Growth

4.1.6. Absolute $ Opportunity

4.2. Global Market Dynamics

4.2.1. Drivers

4.2.2. Restraints

4.2.3. Trends

4.3. Global Supply Demand Scenario

4.4. Value Chain Analysis

4.5. Potential End Users of NMP

4.6. List of suppliers of NMP

4.7. NMP Market: Cost Structure Analysis

4.8. NMP Market: Lifecycle analysis overview

4.9. NMP Market: Competitiveness Factor

4.10. NMP Market: Key Success Factors

4.11. NMP Market: Selection Criterion

4.12. NMP Market: Forecast and Relevance Factors

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5. Global N-Methyl-2-Pyrrolidone Market Analysis 2013–2017 and Forecast 2018–2028 By Application

5.1. Introduction / Key Findings

5.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2013 – 2017

5.3. Current Market Size (US$ Mn) and Volume Forecast By Application, 2018 – 2028

5.3.1. Petrochemical Processing

5.3.2. Paints and Coatings

5.3.3. Industrial Cleaners

5.3.4. Electronics

5.3.5. Agrochemicals

5.3.6. Pharmaceuticals

5.3.7. Others

5.4. Market Attractiveness Analysis By Application

Contact

Mr. Abhishek Budholiya
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Jumeirah Lakes Towers, Dubai,
United Arab Emirates
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About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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