N-Methyl-2-Pyrrolidone Market Size, Share & Trends Analysis Report By Application (Oil & Gas, Pharmaceuticals, Electronics, Paints & Coatings, Agrochemicals, Others), By Region, And Segment Forecasts, 2023 - 2030
N-Methyl-2-Pyrrolidone Market Growth & Trends
The global N-methyl-2-pyrrolidone market size is expected to reach USD 1.33 billion by 2030, registering a CAGR of 4.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. The NMP market is expected to witness significant growth over the forecast period owing to the increasing demand from Asia Pacific region.
N-Methyl-2-Pyrrolidone (NMP) is used in a various applications including oil & gas, pharmaceutical, electronics, paints & coatings, agrochemicals and others. Emerging economies such as India are witnessing increasing FDI which is fueling the growth of industrial sector. Asia Pacific region is expected to witness higher growth rates owing to rapid urbanization in these countries coupled with per-capita disposable income levels.
Oil & gas dominated the market for NMP globally. The other key applications include electronics, pharmaceuticals, paints & coatings and agrochemicals.
N-Methyl-2-Pyrrolidone Market Report Highlights
- Asia Pacific dominated the market and accounted for the largest revenue share of 51.8% in 2022 and is estimated to further expand at the fastest CAGR of 4.8% during the forecast period. China is expected to witness an increase in demand and expected to be the largest consumer of petrochemical products owing to presence of large capacity manufacturing units and favorable export-oriented government policies. Russian oil company Transneft has constructed Eastern Siberia Pacific Ocean (ESPO) Pipeline which provides Russia an option to supply crude oil to China.
- The electronics segment is expected to expand at the fastest CAGR of 5.8% over the forecast period. The segment is divided into solvent and photoresist stripper. N-Methyl-2-Pyrrolidone is used as a cleaning agent in electronic components and surfaces.
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Application
- 1.1.2. Regional scope
- 1.1.3. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR’s internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Application outlook
- 2.2.2. Regional outlook
- 2.3. Competitive Insights
- Chapter 3. N-Methyl-2-Pyrrolidone (NMP) Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market driver analysis
- 3.5.2. Market restraint analysis
- 3.5.3. Industry opportunities & challenges
- 3.6. N-Methyl-2-Pyrrolidone (NMP) Market Analysis Tools
- 3.6.1. Industry analysis - Porter’s Five Forces
- 3.6.1.1. Supplier power
- 3.6.1.2. Buyer power
- 3.6.1.3. Substitution threat
- 3.6.1.4. Threat of new entrant
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL Analysis
- 3.6.2.1. Political landscape
- 3.6.2.2. Technological landscape
- 3.6.2.3. Economic landscape
- 3.6.2.4. Social landscape
- 3.6.2.5. Environmental landscape
- 3.6.2.6. Legal landscape
- Chapter 4. Supplier Portfolio Analysis
- 4.1. List of Suppliers
- 4.2. Kraljic Matrix
- 4.3. Sourcing Best Practices
- 4.4. Negotiation Strategies
- Chapter 5. N-Methyl-2-Pyrrolidone (NMP) Market: Application Estimates & Trend Analysis
- 5.1. N-Methyl-2-Pyrrolidone (NMP) Market: Key Takeaways
- 5.2. N-Methyl-2-Pyrrolidone (NMP) Market: Application Movement & Market Share Analysis, 2022 & 2030
- 5.3. Oil & Gas
- 5.3.1. Oil & gas market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 5.3.1.1. Butadiene recovery
- 5.3.1.1.1. Butadiene recovery market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 5.3.1.2. BTX extraction
- 5.3.1.2.1. BTX extraction market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 5.3.1.3. Lube oil purification
- 5.3.1.3.1. Lube oil purification market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 5.4. Pharmaceuticals
- 5.4.1. Pharmaceuticals market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 5.4.1.1. Solvent
- 5.4.1.1.1. Solvent market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 5.4.1.2. Penetration enhancer
- 5.4.1.2.1. Penetration enhancer market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 5.5. Electronics
- 5.5.1. Electronics market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 5.5.1.1. Solvent
- 5.5.1.1.1. Solvent market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 5.5.1.2. Photoresist stripper
- 5.5.1.2.1. Photoresist stripper market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 5.6. Paints & Coatings
- 5.6.1. Paints & coatings market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 5.7. Agrochemicals
- 5.7.1. Agrochemicals market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 5.8. Others
- 5.8.1. Others market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- Chapter 6. N-Methyl-2-Pyrrolidone (NMP) Market: Regional Estimates & Trend Analysis
- 6.1. Regional Outlook
- 6.2. N-Methyl-2-Pyrrolidone (NMP) Market by Region: Key Takeaways
- 6.3. North America
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 6.3.2. U.S.
- 6.3.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 6.3.3. Canada
- 6.3.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 6.3.4. Mexico
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 6.4. Europe
- 6.4.1. UK
- 6.4.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 6.4.2. Germany
- 6.4.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 6.4.3. France
- 6.4.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 6.4.4. Italy
- 6.4.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 6.4.5. Spain
- 6.4.5.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 6.4.6. Russia
- 6.4.6.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 6.4.7. Netherlands
- 6.4.7.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 6.5. Asia Pacific
- 6.5.1. Japan
- 6.5.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 6.5.2. China
- 6.5.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 6.5.3. India
- 6.5.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 6.5.4. Australia
- 6.5.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 6.5.5. Vietnam
- 6.5.5.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 6.5.6. South Korea
- 6.5.6.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 6.6. Central and South America
- 6.6.1. Brazil
- 6.6.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 6.6.2. Argentina
- 6.6.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 6.7. MEA
- 6.7.1. Saudi Arabia
- 6.7.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 6.7.2. South Africa
- 6.7.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, by Key Market Participants
- 7.2. Market Participant Categorization
- 7.2.1. Abtonsmart Chemicals (Group) Co., Ltd.
- 7.2.1.1. Company overview
- 7.2.1.2. Financial performance
- 7.2.1.3. Product benchmarking
- 7.2.1.4. Strategic initiatives
- 7.2.2. BASF SE
- 7.2.2.1. Company overview
- 7.2.2.2. Financial performance
- 7.2.2.3. Product benchmarking
- 7.2.2.4. Strategic initiatives
- 7.2.3. Hefei TNJ Chemical Industry Co., Ltd.
- 7.2.3.1. sCompany overview
- 7.2.3.2. Financial performance
- 7.2.3.3. Product benchmarking
- 7.2.3.4. Strategic initiatives
- 7.2.4. Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd.
- 7.2.4.1. Company overview
- 7.2.4.2. Financial performance
- 7.2.4.3. Product benchmarking
- 7.2.4.4. Strategic initiatives
- 7.2.5. LyondellBasell Industries Holdings B.V.
- 7.2.5.1. Company overview
- 7.2.5.2. Financial performance
- 7.2.5.3. Product benchmarking
- 7.2.5.4. Strategic initiatives
- 7.2.6. DuPont
- 7.2.6.1. Company overview
- 7.2.6.2. Financial performance
- 7.2.6.3. Product benchmarking
- 7.2.6.4. Strategic initiatives
- 7.2.7. BALAJI AMINES
- 7.2.7.1. Company overview
- 7.2.7.2. Financial performance
- 7.2.7.3. Product benchmarking
- 7.2.7.4. Strategic initiatives
- 7.2.8. Ashland
- 7.2.8.1. Company overview
- 7.2.8.2. Financial performance
- 7.2.8.3. Product benchmarking
- 7.2.8.4. Strategic initiatives
- 7.2.9. Puyang Guangming Chemicals Co., Ltd.
- 7.2.9.1. Company overview
- 7.2.9.2. Financial performance
- 7.2.9.3. Product benchmarking
- 7.2.9.4. Strategic initiatives
- 7.2.10. Zhejiang Realsun Chemical Industry Co., Ltd.
- 7.2.10.1. Company overview
- 7.2.10.2. Financial performance
- 7.2.10.3. Product benchmarking
- 7.2.10.4. Strategic initiatives
- 7.2.11. Mitsubishi Chemical Corporation
- 7.2.11.1. Company overview
- 7.2.11.2. Financial performance
- 7.2.11.3. Product benchmarking
- 7.2.11.4. Strategic initiatives
- 7.2.12. Taizhou Yanling Fine Chemicals Co., Ltd.
- 7.2.12.1. Company overview
- 7.2.12.2. Financial performance
- 7.2.12.3. Product benchmarking
- 7.2.12.4. Strategic initiatives
- 7.2.13. Eastman Chemical Company
- 7.2.13.1. Company overview
- 7.2.13.2. Financial performance
- 7.2.13.3. Product benchmarking
- 7.2.13.4. Strategic initiatives
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