N-Methyl-2-pyrrolidone (NMP) Market | Size,Volume,Revenue Trends Analysis Report 2023-2029 |

A complete study of the global N-Methyl-2-pyrrolidone (NMP) market is carried out by the analysts in this report, taking into consideration key factors like drivers, challenges, recent trends, opportunities, advancements, and competitive landscape. This report offers a clear understanding of the present as well as future scenarios of the global N-Methyl-2-pyrrolidone (NMP) industry. Research techniques like PESTLE and Porter's Five Forces analysis have been deployed by the researchers. They have also provided accurate data on N-Methyl-2-pyrrolidone (NMP) production, capacity, price, cost, margin, and revenue to help the players gain a clear understanding of the overall existing and future market situation.

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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, , 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.

Market Analysis and Insights: Global and United States N-Methyl-2-pyrrolidone (NMP) Market

This report focuses on global and United States N-Methyl-2-pyrrolidone (NMP) market, also covers the segmentation data of other regions in regional level and county level.

Due to the COVID-19 pandemic, the global N-Methyl-2-pyrrolidone (NMP) market size is estimated to be worth US$ 2993 million in 2022 and is forecast to a readjusted size of US$ 5825.8 million by 2028 with a CAGR of 11.7% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, by Type, Electronic Grade accounting for % of the N-Methyl-2-pyrrolidone (NMP) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While by Application, Electronics was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.

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.

Global N-Methyl-2-pyrrolidone (NMP) Scope and Market Size

N-Methyl-2-pyrrolidone (NMP) market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global N-Methyl-2-pyrrolidone (NMP) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.

For United States market, this report focuses on the N-Methyl-2-pyrrolidone (NMP) market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.

Segment by Type

Electronic Grade

Pharmaceutical Grade

Industrial Grade

Segment by Application

Electronics

Pharmaceuticals

Paints and Coatings

Petrochemical Processing

Others

By Region

North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

China Taiwan

Indonesia

Thailand

Malaysia

Latin America

Mexico

Brazil

Argentina

Middle East & Africa

Turkey

Saudi Arabia

UAE

By Company

BASF

Mitsubishi Chemical

Lyondellbasell

Ashland

Eastman

Synmiway Chemical

MYI Chemical

Yuneng Chemical

Ganzhou Zhongneng

Guangming Chemicals

Ruian Chemical

SNET

CNSG

Key questions answered in the report:

What is the growth potential of the N-Methyl-2-pyrrolidone (NMP) market?
Which product segment will grab a lion's share?
Which regional market will emerge as a frontrunner in coming years?
Which application segment will grow at a robust rate?
What are the growth opportunities that may emerge in N-Methyl-2-pyrrolidone (NMP) industry in the years to come?
What are the key challenges that the global N-Methyl-2-pyrrolidone (NMP) market may face in future?
Which are the leading companies in the global N-Methyl-2-pyrrolidone (NMP) market?
Which are the key trends positively impacting the market growth?
Which are the growth strategies considered by the players to sustain hold in the global N-Methyl-2-pyrrolidone (NMP) market?
 

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