openPR Logo
Press release

Global Pyrrolidone Market Set for Rapid Growth, To Reach Around USD 2.50 Billion by 2020

03-18-2016 05:26 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MRS Reports

Do inquiry of Report : http://goo.gl/ZYToX1

Zion Research has published a new report titled “Pyrrolidone (2-Pyrrolidone, N-Methylpyrrolidone, N-Vinylpyrrolidone, N-Octylpyrrolidone) Market for Recovery of Pure Hydrocarbons, Paints and Coatings, Desulfurization of Gases, Plastics, Agrochemicals and Others Applications - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020”. According to the report, global pyrrolidone market was valued at around USD 1.75 billion in 2014 and is expected to reach USD 2.50 billion in 2020, growing at a CAGR of around 6.0% between 2015 and 2020. In terms of volume, the global pyrrolidone market stood at above 460 kilo tons in 2014.

Pyrrolidone is an organic compound which is obtained by reaction of butyrolactone with ammonia. Pyrrolidone is a colorless liquid, used in dehumidifying liquids. Due to this property, pyrrolidone is extensively used to extract natural gas from the mixture of crude oil. Increasing demand of natural gas in developed as well as the developing countries drives the global pyrrolidone market. Pyrrolidone is used in different applications such as production of SBR latex, lube oil processing, metal finishing etc. It also used as intermediate for the synthesis of agrochemicals, pharmaceuticals, textile auxiliaries, plasticizers, and stabilizers.

Pyrrolidone market is mainly driven by strong demand for natural gases from different countries worldwide. Pyrrolidone is used for recovery of pure hydrocarbons in petrochemical processing. The desulfurization of gases is the major application in which pyrrolidone is widely used. Pyrrolidone posses a broad range of applications in different industries such as paints and coatings, agrochemical, plastics etc., which boost the pyrrolidone market. Growing demand for medicines simultaneously increased the use of pyrrolidone as an intermediate for the synthesis of pharmaceuticals is expected to escalate demand for this compound in the years to come. However, health issues caused due to this chemical is expected to hamper growth of pyrrolidone market.

On the basis of product type pyrrolidone market can be segmented into 2-pyrrolidone, N-methylpyrrolidone, N-vinylpyrrolidone, N-octylpyrrolidone. N-methylpyrrolidone was the largest product segment in 2014 and accounted for over 70% share of the total volume consumed. Owing to the use of N-methylpyrrolidone in various end-use sectors such as paints and coatings, automobile and plastics it is expected to maintain its dominance in the forecast period. N-vinylpyrrolidone was the second largest product segment of the global pyrrolidone market in 2014. However, N-octylpyrrolidone is expected to exhibit rapid growth owing to demand from chemicals, pesticides and fertilizers industry.

Get Sample Research Report: http://goo.gl/s7vhil

Key application markets for pyrrolidone include recovery of pure hydrocarbons, paints and coatings, desulfurization of gases, plastics, agrochemicals and others applications such as including pharmaceuticals, electronics, etc. Recovery of pure hydrocarbons in petrochemical processing was the largest application segment for pyrrolidone in 2014, which accounted for about 25% of global consumption in 2014. Additionally, desulfurization of gases is also expected to fuel demand of pyrrolidone over the next few years. Desulfurization of gases application was the second largest application segment of pyrrolidone market.

Pyrrolidone market was dominated by Asia Pacific accounted with around 40% share in total 2014. North America and Europe was another major consumer of pyrrolidone.. Asia Pacific is expected to further complement pyrrolidone demand in the region due to increasing pharmaceuticals production in India and China.

Key players operating in this market includes Ashland Inc, BASF SE, J&K Chemical Ltd, Abtonsmart Chemical Co., Ltd., Hefei TNJ Chemical Industry Co., Ltd., NIPPON SHOKUBAI Co., Ltd., Balaji Amines Ltd., and LyondellBasell Industries.

The report segments the global pyrrolidone market into:

Global Pyrrolidone Market: Product Segment Analysis

2-Pyrrolidone
N-Methylpyrrolidone
N-Vinylpyrrolidone
N-Octylpyrrolidone

Global Pyrrolidone Market: Application Segment Analysis

Recovery of pure hydrocarbons
Paints and coatings
Desulfurization of gases
Plastics
Agrochemicals
Others (Including pharmaceuticals, electronics, etc.)

Global Pyrrolidone Market: Regional Segment Analysis

North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East & Africa

Browse Full Report Here : http://www.marketresearchstore.com/report/pyrrolidone-market-z49317

Zion Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Zion Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each Zion Research syndicated research report covers a different sector — such as pharmaceuticals, chemical, energy, food and beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports strive to serve the overall research requirement of clients.

Joel John
3422 SW 15 Street,Suit #8138
Deerfield Beach,Florida 33442
United States
Toll Free: +1-855-465-4651 (USA-CANADA)
Tel: +1-386-310-3803
Email: sales@marketresearchstore.com
Website: http://www.marketresearchstore.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Pyrrolidone Market Set for Rapid Growth, To Reach Around USD 2.50 Billion by 2020 here

News-ID: 327283 • Views:

More Releases from MRS Reports

Global Plastic Films Market 2017 Amcor, AEP Industries, Berry Plastic, British Polythene Industries, Jindal Poly Films, Achilles USA
Global Plastic Films Market 2017 Amcor, AEP Industries, Berry Plastic, British P …
The latest report Plastic Films Market by QY Research added to it's database and brings to light the comprehensive study and factual information of global market. The report also provides the global market segmentation based on applications, end-users, technology, and geography. The Plastic Films research report offers a comprehensive assessment of the Plastic Films market and consists of historical data, scope, significant approaches and statistical data of the global market.
Phenolic Resins Market Value Share, Supply Demand, share and Value Chain 2014-20 …
Do inquiry Before Purchasing Report: http://goo.gl/35gSln Zion Research has published a new report titled “Phenolic Resins (Resols, Novolac and Others) Market for Wood-adhesives, Molding Compounds, Laminates, Insulation and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020” According to the report, the global phenolic resins market was valued at approximate USD 10.0 billion in 2014 and is expected to reach approximately USD 14.0 billion by 2020, growing at
Global Bitumen Market Value Share, Supply Demand, share and Value Chain 2014-202 …
Do inquiry Before Purchasing Report: http://goo.gl/F64j6i Zion Research has published a new report titled “Bitumen (Paving Bitumen, Oxidized Bitumen, Cutback Bitumen, Bitumen Emulsion, Polymer Modified Bitumen and Others) Market for Roadways, Waterproofing, Adhesives, Insulation and Other Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020”. According to the report, global bitumen market was valued at around USD 75 billion in 2014 and is expected to reach USD 94
Global Polyester Fiber Market Value Share, Supply Demand, share and Value Chain …
Do inquiry Before Purchasing Report: http://goo.gl/oL5kBA Zion Research has published a new report titled “Polyester Fiber Market (Solid and Hollow) for Carpet & Rugs, Nonwoven Fabrics, Fiberfill and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020.” According to the report, global demand for polyester fibers was valued at USD 73.5 billion in 2014 and is expected to cross USD 115.0 billion in 2020, growing at a CAGR

All 4 Releases


More Releases for Pyrrolidone

Global 2-Pyrrolidone Market Will Generate Record Revenue by 2028
This 2-Pyrrolidone market research stud offers proper industry viewpoint, market size, growth, future trends and trading. All this are taken into consideration while preparing the market report with the forecast period from 2023 to 2028. This report contains a complete and generic market scenario along with the factors that may have a great effect on it. Market entrance methodologies, industrial processes chain structure and rate of growth of the global
N Methyl 2 Pyrrolidone Market Size, Share and Demand | N Methyl 2 Pyrrolidone In …
The global N methyl 2 pyrrolidone market size is expected to gain momentum owing to the increasing demand for products from the electronic and oil & gas industry during the forecast period. Fortune Business Insights™ publishes this information in an upcoming report titled, "N Methyl 2 PyrrolidoneMarket, 2022-2029". The compound is called as N-Methylpyrrolidone (NMP). It is a colorless solvent that offers high chemical and thermal stability, which consists of
Pyrrolidone Market Size, Share, Company Overview, Growth and Forecast by 2028
The global pyrrolidone market size is expected to gain momentum owing to the increasing demand from the industrial sector during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, "Pyrrolidone Market, 2022-2029." It is an organic compound created by converting an ester to an amide in an industrial setting. It's a white liquid made up of five lactam members that can be combined
N-Cyclohexyl-2-pyrrolidone Market Size, Share, Development by 2025
LP INFORMATION recently released a research report on the N-Cyclohexyl-2-pyrrolidone analysis, which studies the Electrical Cord Reels's industry coverage, current market competitive status, and market outlook and forecast by 2025. “Global N-Cyclohexyl-2-pyrrolidone Market 2020-2025” Research Report categorizes the global N-Cyclohexyl-2-pyrrolidone by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players analysis, market share,
Sodium Pyrrolidone Carboxylate Market to Witness Robust Expansion by 2025
LP INFORMATION recently released a research report on the Sodium Pyrrolidone Carboxylate market analysis and elaborate the industry coverage, current market competitive status, and market outlook and forecast by 2025. Moreover, it categorizes the global Sodium Pyrrolidone Carboxylatemarket by key players, product type, applications and regions,etc. The main objective of this market research is to help the readers understand the structure of Sodium Pyrrolidone Carboxylatemarket, market definition, overview, industry opportunities
High Demand in Electronics Surging N-Methyl-2-Pyrrolidone Market Growth
N-Methyl-2-Pyrrolidone Market: Key Highlights The N-methyl-2-pyrrolidone (NMP) market was valued at ~US$ 1.1 Bn in 2018, and is anticipated to expand at a CAGR of ~6.0% from 2019 to 2027. The global N-methyl-2-pyrrolidone market is driven by the rise in the demand for N-methyl-2-pyrrolidone from the electronics industry. In terms of value, the N-methyl-2-pyrrolidone market in Asia Pacific is expected to expand at a CAGR of ~8% during the forecast period. China is