N-Methyl-2-pyrrolidone (NMP) Market 2024: Healthy CAGR of 11.7% and Business Strategy with Key Players - BASF, Yuneng Chemical, Synmiway Chemical, MYI Chemical and SNET

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The global N-Methyl-2-pyrrolidone (NMP) market was valued at US$ 2669 million in 2023 and is anticipated to reach US$ 5825.8 million by 2030, witnessing a CAGR of 11.7% during the forecast period 2024-2030.

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.

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).

Top Market Leader Included:

A wide range of businesses fighting for market share define the competitive landscape of the N-Methyl-2-pyrrolidone (NMP) Market. Prominent industry figures and up-and-coming businesses are proactively participating in strategic endeavours like mergers, acquisitions, and partnerships in order to fortify their positions. There is fierce rivalry in the market, which is fueled by things like price strategies, product differentiation, and a focus on research and development for game-changing developments. This competitive landscape creates a dynamic atmosphere in which businesses are constantly looking to improve their market presence, cultivate customer loyalty, and obtain an advantage over their competitors.

BASF, Mitsubishi Chemical, Lyondellbasell, Ashland, Eastman, Synmiway Chemical, MYI Chemical, Yuneng Chemical, Ganzhou Zhongneng, Guangming Chemicals, Ruian Chemical, SNET, CNSG

N-Methyl-2-pyrrolidone (NMP) Market Segmentation: -

Segmentation By Type :

Electronic Grade

Pharmaceutical Grade

Industrial Grade

Segmentation By Application :

Electronics

Pharmaceuticals

Paints and Coatings

Petrochemical Processing

Others

Report Scope

The N-Methyl-2-pyrrolidone (NMP) market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. 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.

Global N-Methyl-2-pyrrolidone (NMP) Market Trends:

N-Methyl-2-pyrrolidone (NMP) The pre- and post-period regulatory situation plays an important role in shaping market dynamics. As governments introduce and refine regulations governing the production, distribution, and sale of N-Methyl-2-pyrrolidone (NMP) products, businesses must navigate complex compliance requirements to ensure lawful operations. Regulatory clarity and consistency are key factors that positively impact markets, providing certainty for businesses and giving people confidence in product safety and quality standards. Additionally, regulatory developments such as the approval of N-Methyl-2-pyrrolidone (NMP) chemical and material products and the establishment N-Methyl-2-pyrrolidone (NMP) of cultivation programs are opening up new opportunities for market expansion while setting standards for best practices in the industry.

N-Methyl-2-pyrrolidone (NMP) Market Geography :-

The N-Methyl-2-pyrrolidone (NMP) Market provides a diverse geographical landscape, with several areas exhibiting unique market characteristics. While some locations see rapid growth due to factors like economic expansion and technical advancements, other regions may experience slower but more consistent market expansion. Market trends vary greatly throughout regions due to factors including cultural influences, legal frameworks, and population developments. Businesses looking to go global must understand these regional differences and adjust their strategy to take advantage of local opportunities.

Regional Analysis of N-Methyl-2-pyrrolidone (NMP) Market:

→ North America (U.S., Canada, China)

→ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

→ Asia-Pacific (Japan, South Korea, China Taiwan, Southeast Asia, India)

→ Middle East, Africa, Latin America (Brazil, Mexico, Turkey, Israel, GCC Countries)

1 N-Methyl-2-pyrrolidone (NMP) Market Overview

1.1 Product Definition
1.2 N-Methyl-2-pyrrolidone (NMP) Segment by Type
1.2.1 Global N-Methyl-2-pyrrolidone (NMP) Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Electronic Grade
1.2.3 Pharmaceutical Grade
1.2.4 Industrial Grade
1.3 N-Methyl-2-pyrrolidone (NMP) Segment by Application
1.3.1 Global N-Methyl-2-pyrrolidone (NMP) Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Electronics
1.3.3 Pharmaceuticals
1.3.4 Paints and Coatings
1.3.5 Petrochemical Processing
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global N-Methyl-2-pyrrolidone (NMP) Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global N-Methyl-2-pyrrolidone (NMP) Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global N-Methyl-2-pyrrolidone (NMP) Production Estimates and Forecasts (2019-2030)
1.4.4 Global N-Methyl-2-pyrrolidone (NMP) Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations

2 Market Competition by Manufacturers
2.1 Global N-Methyl-2-pyrrolidone (NMP) Production Market Share by Manufacturers (2019-2024)
2.2 Global N-Methyl-2-pyrrolidone (NMP) Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of N-Methyl-2-pyrrolidone (NMP), Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global N-Methyl-2-pyrrolidone (NMP) Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global N-Methyl-2-pyrrolidone (NMP) Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of N-Methyl-2-pyrrolidone (NMP), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of N-Methyl-2-pyrrolidone (NMP), Product Offered and Application
2.8 Global Key Manufacturers of N-Methyl-2-pyrrolidone (NMP), Date of Enter into This Industry
2.9 N-Methyl-2-pyrrolidone (NMP) Market Competitive Situation and Trends
2.9.1 N-Methyl-2-pyrrolidone (NMP) Market Concentration Rate
2.9.2 Global 5 and 10 Largest N-Methyl-2-pyrrolidone (NMP) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion

3 N-Methyl-2-pyrrolidone (NMP) Production by Region
3.1 Global N-Methyl-2-pyrrolidone (NMP) Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global N-Methyl-2-pyrrolidone (NMP) Production Value by Region (2019-2030)
3.2.1 Global N-Methyl-2-pyrrolidone (NMP) Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of N-Methyl-2-pyrrolidone (NMP) by Region (2025-2030)
3.3 Global N-Methyl-2-pyrrolidone (NMP) Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global N-Methyl-2-pyrrolidone (NMP) Production by Region (2019-2030)
3.4.1 Global N-Methyl-2-pyrrolidone (NMP) Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of N-Methyl-2-pyrrolidone (NMP) by Region (2025-2030)
3.5 Global N-Methyl-2-pyrrolidone (NMP) Market Price Analysis by Region (2019-2024)
3.6 Global N-Methyl-2-pyrrolidone (NMP) Production and Value, Year-over-Year Growth
3.6.1 North America N-Methyl-2-pyrrolidone (NMP) Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe N-Methyl-2-pyrrolidone (NMP) Production Value Estimates and Forecasts (2019-2030)
3.6.3 China N-Methyl-2-pyrrolidone (NMP) Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan N-Methyl-2-pyrrolidone (NMP) Production Value Estimates and Forecasts (2019-2030)

4 N-Methyl-2-pyrrolidone (NMP) Consumption by Region
4.1 Global N-Methyl-2-pyrrolidone (NMP) Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global N-Methyl-2-pyrrolidone (NMP) Consumption by Region (2019-2030)
4.2.1 Global N-Methyl-2-pyrrolidone (NMP) Consumption by Region (2019-2024)
4.2.2 Global N-Methyl-2-pyrrolidone (NMP) Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America N-Methyl-2-pyrrolidone (NMP) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America N-Methyl-2-pyrrolidone (NMP) Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe N-Methyl-2-pyrrolidone (NMP) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe N-Methyl-2-pyrrolidone (NMP) Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific N-Methyl-2-pyrrolidone (NMP) Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific N-Methyl-2-pyrrolidone (NMP) Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa N-Methyl-2-pyrrolidone (NMP) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa N-Methyl-2-pyrrolidone (NMP) Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey

5 Segment by Type
5.1 Global N-Methyl-2-pyrrolidone (NMP) Production by Type (2019-2030)
5.1.1 Global N-Methyl-2-pyrrolidone (NMP) Production by Type (2019-2024)
5.1.2 Global N-Methyl-2-pyrrolidone (NMP) Production by Type (2025-2030)
5.1.3 Global N-Methyl-2-pyrrolidone (NMP) Production Market Share by Type (2019-2030)
5.2 Global N-Methyl-2-pyrrolidone (NMP) Production Value by Type (2019-2030)
5.2.1 Global N-Methyl-2-pyrrolidone (NMP) Production Value by Type (2019-2024)
5.2.2 Global N-Methyl-2-pyrrolidone (NMP) Production Value by Type (2025-2030)
5.2.3 Global N-Methyl-2-pyrrolidone (NMP) Production Value Market Share by Type (2019-2030)
5.3 Global N-Methyl-2-pyrrolidone (NMP) Price by Type (2019-2030)

6 Segment by Application
6.1 Global N-Methyl-2-pyrrolidone (NMP) Production by Application (2019-2030)
6.1.1 Global N-Methyl-2-pyrrolidone (NMP) Production by Application (2019-2024)
6.1.2 Global N-Methyl-2-pyrrolidone (NMP) Production by Application (2025-2030)
6.1.3 Global N-Methyl-2-pyrrolidone (NMP) Production Market Share by Application (2019-2030)
6.2 Global N-Methyl-2-pyrrolidone (NMP) Production Value by Application (2019-2030)
6.2.1 Global N-Methyl-2-pyrrolidone (NMP) Production Value by Application (2019-2024)
6.2.2 Global N-Methyl-2-pyrrolidone (NMP) Production Value by Application (2025-2030)
6.2.3 Global N-Methyl-2-pyrrolidone (NMP) Production Value Market Share by Application (2019-2030)
6.3 Global N-Methyl-2-pyrrolidone (NMP) Price by Application (2019-2030)

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