Press release
N Methyl 2 Pyrrolidone Market is Expected to Exceed US$ 985 Million by 2020
The global N-Methyl-2-Pyrrolidone (NMP) market is expected to observe modest growth over a five-year forecast period, 2015-2020. Expanding at a 5.4% of CAGR during the assessed period, the global NMP market will possibly attain the revenues of US$ 985.3 Mn by 2020 end.Sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/12940
The market for NMP in developing Asian countries will be primarily driven by increasing urbanization and industrialization, coupled with rampantly evolving infrastructure development realm. Attributed to its chemical properties, such as higher flame point and lower volatility, N-Methyl-2-Pyrrolidone finds various applications several end-use industries. This will remain a key factor driving the demand on a global level. Industrial applications in a sweeping range of verticals, including electronics, pharmaceuticals, petrochemical, agrochemical, paints and coatings, and industrial cleaning will also continue to drive the market for N-Methylpyrrolidone over the next few years.
The flourishing consumer electronics sector is likely to generate substantial demand for NMP. With soaring demand for electronics production, the consumption of N-Methylpyrrolidone will also witness a significant hike. Moreover, increasing demand for agrochemicals is expected to elevate the revenue sales in the next few years. Another industrial sector estimated to support the growth of the global N-Methyl-2-Pyrrolidone market is pharmaceuticals. Growing market in Asia Pacific are expected to play a vital role in boosting the demand throughout the forecast period, eventually fostering the market for NMP globally.
Stringent regulations regarding usage of N-Methyl-2-Pyrrolidone may remain a long-term restraint to market growth. Moreover, the market has been experiencing a rapid setback in certain verticals, such as paints and coatings, and industrial cleaning. This can also be a major limiting factor impacting the market growth by 2020 end.
By application, the electronics application segment is expected to remain dominant over other segments, including agrochemicals, petrochemical processing, industrial cleaners, pharmaceuticals, paints and coatings, and others. Electronics application segment will possibly capture around 23% share of the entire market revenues in 2020, witnessing an optimistic CAGR of 6.7% during 2015-2020. Pharmaceuticals will continue to be the second largest application segment that was evaluated at US$ 122.7 Mn in 2015. This segment is anticipated to demonstrate a moderate CAGR of 6.3% by 2020 end, accounting for nearly 15% market value share.
According to Persistence Market Research’s regional analysis, Asia Pacific is foreseen to remain the global leader with over 36% share of the market revenues in 2016. This growth is predominantly attributed to lower production costs in Asian countries. The second largest regional market, North America, will contribute around 30% share to the market in 2016.
Request to view Table of Content @ http://www.persistencemarketresearch.com/market-research/n-methyl-2-pyrrolidone-market/toc
A few key market players include LyondellBasell Industries N.V., BASF SE, Ashland Inc., Abtonsmart Chemical (Group) Co. Ltd., and Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd. A few other notable companies competing in the N-Methyl-2-Pyrrolidone marketplace are Zhejiang Realsun Chemical Industry Co., Ltd., Hefei TNJ Chemical Industry Co., Ltd., Puyang Guangming Chemicals Co., Ltd., and Balaji Amines Limited.
To Buy Full Report for a Single User @ http://www.persistencemarketresearch.com/checkout/12940
Long-term Outlook: The global N-Methyl-2-Pyrrolidone market is likely to reach a value of US$ 985.3 Mn by the end of the forecast period, 2015-2020.
About Us
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients business needs.
PMR stands committed to bringing more accuracy and speed to clients business decisions. From ready-to-purchase market research reports to customized research solutions, PMRs engagement models are highly flexible without compromising on its deep-seated research values.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web: www.persistencemarketresearch.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 N Methyl 2 Pyrrolidone Market is Expected to Exceed US$ 985 Million by 2020 here
News-ID: 537600 • Views: …
More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…

Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…

US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…

Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for Methyl
Methyl 3-Methyl-2-Butenoate Latest Market Analysis Report 2025
Global Info Research's report is a detailed and comprehensive analysis for global Methyl 3-Methyl-2-Butenoate market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the Methyl 3-Methyl-2-Butenoate market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of…
Methyl Cyclopentanecarboxylate Market Research Report
Global Info Research released "Global Methyl Cyclopentanecarboxylate Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031". This report includes an overview of the development of the Methyl Cyclopentanecarboxylate industry chain, the market status of Methyl Cyclopentanecarboxylate Market, and key Players in developed and Methyl Cyclopentanecarboxylate market, and analyze the cutting-edge technology, patent, hot applications and market trends of Methyl Cyclopentanecarboxylate industry.
According to our (Global Info Research) latest study,…
6-Methyl-5-Hepten-2-One (Methyl Heptenone) Market 2023 Booming by key players Er …
"QY Research holds tons of experience in offering comprehensive and accurate analysis of global as well as regional markets. The report presented here is an industry-best compilation of detailed and quality research studies on the global 6-Methyl-5-Hepten-2-One (Methyl Heptenone) market. It provides SWOT, PESTLE, and other important types of analysis to give a real and complete picture of the current and future scenarios of the global 6-Methyl-5-Hepten-2-One (Methyl Heptenone) market.…
Mono Methyl Aniline Market Size to Hit $2.7 Billion by 2028 | Mono Methyl Anilin …
Market Overview:
According to our experience research team, Mono Methyl Aniline Market was valued at USD 2.5 Billion in 2021, and the global Mono Methyl Aniline industry is projected to reach a value of USD 2.7 Billion by 2028, at a CAGR of 1.1% during the forecast period 2022-2028
Vantage Market Research is a collection of market research studies on several industries, such as Chemicals, semiconductors & Electronics, Food & Beverages Technology,…
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…
Global Cyclopentyl Methyl Ether (CPME) Market to 2025 | ZEON, Lianyungang JM Bio …
Market Research Hub (MRH) has actively included a new research study titled Global Cyclopentyl Methyl Ether (CPME) Market Insights, Forecast to 2025 to its wide online repository. The concerned market is discoursed based on a variety of market influential factors such as drivers, opportunities and restraints. This study tends to inform the readers about the current as well as future market scenarios extending up to the period until forecast period…