Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global N-Methyl-2-Pyrrolidone Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international N-Methyl-2-Pyrrolidone Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global N-Methyl-2-Pyrrolidone
Market over the short as well
as long period of time. A detailed presentation of forecast, trends, and dollar
values of global N-Methyl-2-Pyrrolidone Market is offered. In accordance with the report, the global
N-Methyl-2-Pyrrolidone Market is projected to
expand by healthy CAGR over the period
of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
N-Methyl-2-Pyrrolidone, also referred as N-Methylpyrrolidone (NMP),
is an organic, colourless, polar aprotic solvent characterized by low
volatility and high flame point. It is obtained through the process of
condensation of gamma butyrolactone and monomethylamine.
NMP is used in various applications across diverse industries. Some
of the Major applications of NMP include: extraction of hydrocarbons; solvent
in pharmaceutical industry; agrochemicals; solvent for manufacture of high
performance polymers such as polyphenylene sulphide; industrial cleaner;
electronics and semiconductor fabrication; and solvent in paints & coatings.
Demand for NMP in developing regions
such as Asia Pacific has increased significantly due to growth of industries
and manufacturing sector in the region. Rise in manufacturing activities in the
region is anticipated to boost demand for NMP during the forecast period.
The scale of operation and
relatively lower production cost involved in manufacturing, especially in parts
of Asia such as China, are unmatched by those in other parts of the world.
Therefore, the manufacturing activity is concentrated in Asia.
End-use industries of NMP, namely
electronics, petrochemicals and plastics, agrochemicals, and paints and
coatings, are likely to register steady growth during the forecast period. The
Li-ion battery market is estimated to expand at a strong rate during the
forecast period. This in turn is projected to propel demand for NMP.
Condensation of GBL (gamma
butyrolactone) and MA (methylamine), petroleum-based products, is the most
widely employed method for production of NMP. Volatility in prices of feedstock
in turn results in price fluctuations of NMP.
Regulatory bodies and environmental agencies have highlighted the
need to restrict and/or eliminate the use of NMP altogether in certain
applications. For instance, the EPA (the U.S.) and ECHA (Europe) have raised
concerns regarding the use of NMP in certain applications.
Segment Covered:
This market intelligence
report on the global N-Methyl-2-Pyrrolidone Market encompasses market segments based on application and country.
By
Application the global N-Methyl-2-Pyrrolidone Market has been divided into:
·
Electronics
·
Pharmaceuticals
·
Petrochemical
Processing
·
Agrochemicals
·
Paints &
Coatings
·
Industrial
Cleaners
·
Others
By country/region, the global N-Methyl-2-Pyrrolidone
Market has been divided into:
·
North America
(the U.S., Canada),
·
Latin America
(Brazil, Mexico, Argentina and other countries),
·
Europe (Germany,
France, the U.K., Spain, Italy, Russia, and other countries),
·
Asia Pacific
(India, Japan, China, Australia and New Zealand and other countries),
·
Middle East and
Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
·
BASF SE
·
LyondellBasell
Industries N.V.
·
Ashland Inc.
·
Shandong Qingyun
Changxin Chemical Science-Tech Co., Ltd.
·
Hefei TNJ
Chemical Industry Co., Ltd
·
Puyang Guangming
Chemicals Co., Ltd.
·
Zhejiang Realsun
Chemical Industry Co., Ltd.
·
Abtonsmart
Chemical (Group) Co. Ltd
·
Balaji Amines
Limited
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as N-Methyl-2-Pyrrolidone Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the N-Methyl-2-Pyrrolidone
Market, size of the market (US$ Mn and Volume
Thousand Tons), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world N-Methyl-2-Pyrrolidone Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for N-Methyl-2-Pyrrolidone caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for N-Methyl-2-Pyrrolidone
Market. The research also caters to the rising needs
of consulting and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the N-Methyl-2-Pyrrolidone Market
v
Identification
of key factors driving investment opportunities in the N-Methyl-2-Pyrrolidone
Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants