Press release
2023 Global N-Methyl-2-Pyrrolidone (NMP) Market Size, Share, Industry Report And Forecast Till 2032
N-Methyl-2-Pyrrolidone (NMP) Market Report
N-Methyl-2-Pyrrolidone (NMP) Market Size, Growth Rate, And Forecast:
The global N-methyl-2-pyrrolidone (NMP) market size is expected to grow from $0.98 billion in 2022 to $1.05 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The N-methyl-2-pyrrolidone (NMP) market is expected to reach $1.34 billion in 2027 at a CAGR of 6.3%.
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N-Methyl-2-Pyrrolidone (NMP) Market Drivers:
Increasing demand from the oil and gas industries is expected to boost the growth of the N-Methyl-2-Pyrrolidone (NMP) market going forward. The oil and gas industry refers to the industries that are involved in the processes and systems of producing and distributing oil and gas that are capital-intensive, highly complex, and require state-of-the-art technology. NMP is used in the oil and gas industry to re-refining the lubricating oil, helping in improving the viscosity index and oil performance, and also responsible for improving oil efficiency and solvent extraction.
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N-Methyl-2-Pyrrolidone (NMP) Market Segments
•By Type: Recycled, Fresh
•By Purity: 99.90%, 99.50%, Other Purities
•By End-Use: Paints And Coatings, Electronics, Automotive, Chemicals, Pharmaceuticals, Agrochemicals, Other End-Uses
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the N-Methyl-2-Pyrrolidone (NMP) market.
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N-Methyl-2-Pyrrolidone (NMP) Market Key Players:
Major competitors in the N-methyl-2-pyrrolidone (NMP) market include BASF SE, LyondellBasell Industries Holdings B.V, Ashland Inc., Eastman Chemical Company, Mitsubishi Chemical Corporation, Hefei Tengchao Chemical Material Co. Ltd., Shandong Qingyun Changxin Chemical Science-tech Co. Ltd., Zhejiang Realsun Chemical Co. Ltd., Puyang Guangming Chemicals Co. Ltd., Abtonsmart Chemical Co., Balaji Amines Ltd., Binzhou City Zhanhua District Ruian Chemical Co. Ltd., Tokyo Chemical Industry Co. Ltd., Binzhou Yuneng Chemical Co. Ltd., Shanghai Poochun Industry Co. Ltd., and Shandong Synmiway Chemical Group.
The Business Research Company's "Global N-Methyl-2-Pyrrolidone (NMP) Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The N-Methyl-2-Pyrrolidone (NMP) Market Include:
1. Executive Summary
2. N-Methyl-2-Pyrrolidone (NMP) Market Characteristics
3. N-Methyl-2-Pyrrolidone (NMP) Market Trends And Strategies
4. N-Methyl-2-Pyrrolidone (NMP) Market - Macro Economic Scenario
5. N-Methyl-2-Pyrrolidone (NMP) Market Size And Growth
....
26. Africa N-Methyl-2-Pyrrolidone (NMP) Market
27. N-Methyl-2-Pyrrolidone (NMP) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The N-Methyl-2-Pyrrolidone (NMP) Market
29. N-Methyl-2-Pyrrolidone (NMP) Market Future Outlook and Potential Analysis
30. Appendix
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