GBL and NMP Market to Witness Stunning Growth with BASF SE, Mitsubishi Chemical, Synthonix

According to HTF Market Intelligence, the Global GBL and NMP market to witness a CAGR of 9.7% during the forecast period (2024-2030). The Latest Released GBL and NMP Market Research assesses the future growth potential of the GBL and NMP market and provides information and useful statistics on market structure and size.

This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report identifies and analyses the changing dynamics and emerging trends along with the key drivers, challenges, opportunities and constraints in the GBL and NMP market. The GBL and NMP market size is estimated to increase by USD 0.8 Billion at a CAGR of 9.7% from 2024 to 2030. The report includes historic market data from 2024 to 2030. The market value is pegged at USD 1.4 Billion.

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The Major Players Covered in this Report:
BASF SE (Germany), Ashland Global Holdings Inc. (United States), Mitsubishi Chemical Corporation (Japan), LyondellBasell Industries N.V. (Netherlands), Eastman Chemical Company (United States), DuPont de Nemours, Inc. (United States), Hefei TNJ Chemical Industry Co., Ltd. (China), Balaji Amines Ltd. (India), Synthonix Inc. (United States), Shinko Organic Chemical Industry Ltd. (Japan)

Definition:
The GBL (Gamma-Butyrolactone) and NMP (N-Methyl-2-Pyrrolidone) Market focuses on the production and sale of these two chemicals, which are widely used as solvents in industries such as electronics, pharmaceuticals, petrochemicals, and agrochemicals. GBL is a precursor in the production of chemicals and is also used in industrial cleaning, while NMP is known for its use in the manufacturing of lithium-ion batteries and in various industrial processes. The growing demand for high-performance solvents, especially in the electronics and energy sectors, is driving the market for GBL and NMP. The market is also influenced by stringent environmental regulations.

Market Trends:
• Increased regulatory oversight due to potential health and environmental concerns influences market dynamics.

Market Drivers:
• High demand in various industries such as pharmaceuticals, electronics, and polymers drives usage of GBL and NMP.

Market Opportunities:
• Development of less hazardous and more environmentally friendly alternatives presents growth opportunities.

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The titled segments and sub-sections of the market are illuminated below:
In-depth analysis of GBL and NMP market segments by Types: N-Methyl-2-pyrrolidone (NMP), Gamma Butyrolactone (GBL)
Detailed analysis of GBL and NMP market segments by Applications: Pharmaceuticals, Electronics, Agrochemicals, Paints & Coatings, Others

Major Key Players of the Market:
BASF SE (Germany), Ashland Global Holdings Inc. (United States), Mitsubishi Chemical Corporation (Japan), LyondellBasell Industries N.V. (Netherlands), Eastman Chemical Company (United States), DuPont de Nemours, Inc. (United States), Hefei TNJ Chemical Industry Co., Ltd. (China), Balaji Amines Ltd. (India), Synthonix Inc. (United States), Shinko Organic Chemical Industry Ltd. (Japan)

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Objectives of the Report:

- To carefully analyse and forecast the size of the GBL and NMP market by value and volume.
- To estimate the market shares of major segments of the GBL and NMP market.
- To showcase the development of the GBL and NMP market in different parts of the world.
- To analyse and study micro-markets in terms of their contributions to the GBL and NMP market, their prospects, and individual growth trends.
- To offer precise and useful details about factors affecting the growth of the GBL and NMP market.
- To provide a meticulous assessment of crucial business strategies used by leading companies operating in the GBL and NMP market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

Global GBL and NMP Market Breakdown by Application (Individual Meal, Family Meal, Catered Events) by Service Type (Meal Preparation, Customized Menu Planning, Grocery Shopping Services) and by Geography (North America, South America, Europe, Asia Pacific, MEA)

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Key takeaways from the GBL and NMP market report:

- Detailed consideration of GBL and NMP market-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.
- Comprehensive valuation of all prospects and threats in the
- In-depth study of industry strategies for growth of the GBL and NMP market-leading players.
- GBL and NMP market latest innovations and major procedures.
- Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.
- Conclusive study about the growth conspiracy of GBL and NMP market for forthcoming years.

Major questions answered:

- What are influencing factors driving the demand for GBL and NMP near future?
- What is the impact analysis of various factors in the Global GBL and NMP market growth?
- What are the recent trends in the regional market and how successful they are?
- How feasible is GBL and NMP market for long-term investment?

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Major highlights from Table of Contents:
GBL and NMP Market Study Coverage:
- It includes major manufacturers, emerging player's growth story, and major business segments of Global GBL and NMP Market Size & Growth Outlook 2024-2030 market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Global GBL and NMP Market Size & Growth Outlook 2024-2030 Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- GBL and NMP Market Production by Region GBL and NMP Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.

Key Points Covered in GBL and NMP Market Report:
- GBL and NMP Overview, Definition and Classification Market drivers and barriers
- GBL and NMP Market Competition by Manufacturers
- GBL and NMP Capacity, Production, Revenue (Value) by Region (2024-2030)
- GBL and NMP Supply (Production), Consumption, Export, Import by Region (2024-2030)
- GBL and NMP Production, Revenue (Value), Price Trend by Type {Meal Preparation, Customized Menu Planning, Grocery Shopping Services}
- GBL and NMP Market Analysis by Application {Individual Meal, Family Meal, Catered Events}
- GBL and NMP Manufacturers Profiles/Analysis GBL and NMP Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

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