Global 2-Pyrrolidone Market 2023-2029

Global 2-Pyrrolidone Market 2023-2029

2-Pyrrolidone is a cyclic organic compound with the molecular formula C4H7NO. It is a colorless liquid that is miscible with water and most organic solvents. 2-Pyrrolidone has a wide range of applications, including as a solvent, a plasticizer, and a starting material for the synthesis of other chemicals. It is also used in the pharmaceutical industry as a solubilizer and a drug delivery agent. Additionally, 2-Pyrrolidone is used in the production of polymers, such as polyvinylpyrrolidone (PVP), and in the manufacture of pesticides and herbicides. The global 2-pyrrolidone market is anticipated to increase by USD 203.5 million till 2029 at an average annual growth of 5.9 percent as per the latest market estimates.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global 2-pyrrolidone market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the process, end user, and region. The global market for 2-pyrrolidone can be segmented by process: BDO process, MAN process. The BDO process segment captured the largest share of the market in 2022. 2-pyrrolidone market is further segmented by end user: coatings and inks, daily chemicals, food and beverages, pharmaceuticals, others. Based on region, the 2-pyrrolidone market is segmented into: Asia-Pacific, Europe, North America, RoW (Rest of World). In 2022, Asia-Pacific made up the largest share of revenue generated by the 2-pyrrolidone market.

Market Segmentation

By process: BDO process, MAN process

By end user: coatings and inks, daily chemicals, food and beverages, pharmaceuticals, others

By region: Asia-Pacific, Europe, North America, RoW (Rest of World)

The report also provides a detailed analysis of several leading 2-pyrrolidone market vendors that include Alkyl Amines Chemicals Limited (AACL), Ashland Inc., Balaji Amines Ltd., BASF SE, Boai NKY Pharmaceuticals Ltd., CNSG Anhui Hong Sifang Co., Ltd., Eastman Chemical Company, Jiaozuo Zhongwei Special Products Pharmaceutical Co., Ltd., Mitsubishi Chemical Group Corporation, Nanjing Jinlong Chemical Co., Ltd., NIPPON SHOKUBAI CO., LTD., Quzhou Jianhua Nanhang Industrial Co., Ltd., Shandong Changxin Chemical Technology Co., Ltd., Shanghai Qifuqing Material Technology Co., Ltd., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

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Scope of the Report

• To analyze and forecast the market size of the global 2-pyrrolidone market.
• To classify and forecast the global 2-pyrrolidone market based on process, end user, region.
• To identify drivers and challenges for the global 2-pyrrolidone market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global 2-pyrrolidone market.
• To identify and analyze the profile of leading players operating in the global 2-pyrrolidone market.

Why Choose This Report

• Gain a reliable outlook of the global 2-pyrrolidone market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.