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Global N-Methyl-2-pyrrolidone (NMP) Market Growth 2023-2029

Global N-Methyl-2-pyrrolidone (NMP) Market Growth 2023-2029

Product Code:449771

Published Date: Feb 08,2023

Pages: 102

Region: Global

Category: Chemical & Material

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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, ketones, 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.

LPI (LP Information)' newest research report, the “N-Methyl-2-pyrrolidone (NMP) Industry Forecast” looks at past sales and reviews total world N-Methyl-2-pyrrolidone (NMP) sales in 2022, providing a comprehensive analysis by region and market sector of projected N-Methyl-2-pyrrolidone (NMP) sales for 2023 through 2029. With N-Methyl-2-pyrrolidone (NMP) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world N-Methyl-2-pyrrolidone (NMP) industry.

This Insight Report provides a comprehensive analysis of the global N-Methyl-2-pyrrolidone (NMP) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on N-Methyl-2-pyrrolidone (NMP) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global N-Methyl-2-pyrrolidone (NMP) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for N-Methyl-2-pyrrolidone (NMP) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global N-Methyl-2-pyrrolidone (NMP).

The global N-Methyl-2-pyrrolidone (NMP) market size is projected to grow from US$ 2610.9 million in 2022 to US$ 5836.8 million in 2029; it is expected to grow at a CAGR of 5836.8 from 2023 to 2029.

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 presents a comprehensive overview, market shares, and growth opportunities of N-Methyl-2-pyrrolidone (NMP) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Electronic Grade
    Pharmaceutical Grade
    Industrial Grade

Segmentation by application
    Electronics
    Pharmaceuticals
    Paints and Coatings
    Petrochemical Processing
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    BASF
    Mitsubishi Chemical
    Lyondellbasell
    Ashland
    Eastman
    Synmiway Chemical
    MYI Chemical
    Yuneng Chemical
    Ganzhou Zhongneng
    Guangming Chemicals
    Ruian Chemical
    SNET
    CNSG

Key Questions Addressed in this Report
What is the 10-year outlook for the global N-Methyl-2-pyrrolidone (NMP) market?
What factors are driving N-Methyl-2-pyrrolidone (NMP) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do N-Methyl-2-pyrrolidone (NMP) market opportunities vary by end market size?
How does N-Methyl-2-pyrrolidone (NMP) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?