N-Methyl-2-pyrrolidone (NMP) market was valued at US$ 2669 million in 2022 and is anticipated to reach US$ 5825.8 million by 2029, witnessing a CAGR of 11.7% - Valuates reports

N-Methyl-2-pyrrolidone (NMP) market was valued at US$ 2669 million in 2022 and is anticipated to reach US$ 5825.8 million by 2029, witnessing a CAGR of 11.7% during the forecast period 2023-2029.

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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, ketnes, 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 influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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 SNET, accounted for 50% share.China is the largest market, with a share about 70%, followed by North America with the share about 15%.In terms of product, electronic grade is the largest segment, with a share over 80%. And in terms of application, the largest application is electronics, followed by petrochemical processing.

This report aims to provide a comprehensive presentation of the global market for N-Methyl-2-pyrrolidone (NMP), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding N-Methyl-2-pyrrolidone (NMP).
The N-Methyl-2-pyrrolidone (NMP) market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global N-Methyl-2-pyrrolidone (NMP) market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the N-Methyl-2-pyrrolidone (NMP) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Segment by Type
Electronic Grade
Pharmaceutical Grade
Industrial Grade

Segment by Application
Electronics
Pharmaceuticals
Paints and Coatings
Petrochemical Processing
Others

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