Global GLB and NMP Market Growth 2023-2029

Global GLB and NMP Market Growth 2023-2029

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, Chemical, petrochemical processing and others.
γ-Butyrolactone (GBL) is a hygroscopic colorless, water-miscible liquid with a weak characteristic odor. It is the simplest 4-carbon lactone. It is mainly used as an intermediate in the production of other chemicals, e.g. methyl-2-pyrrolidone.
LPI (LP Information)' newest research report, the “GLB and NMP Industry Forecast” looks at past sales and reviews total world GLB and NMP sales in 2022, providing a comprehensive analysis by region and market sector of projected GLB and NMP sales for 2023 through 2029. With GLB and NMP sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world GLB and NMP industry.
This Insight Report provides a comprehensive analysis of the global GLB and 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 GLB and NMP portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global GLB and NMP market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for GLB and 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 GLB and NMP.
The global GLB and NMP market size is projected to grow from US$ 957.7 million in 2022 to US$ 1949.2 million in 2029; it is expected to grow at a CAGR of 1949.2 from 2023 to 2029.
Global GLB and NMP key players include Synmiway Chemical, BASF, Yuneng Chemical, etc. Global top three manufacturers hold a share over 50%.
Asia-Pacific is the largest market, with a share about 75%, followed by Europe, and North America, both have a share over 15 percent.
In terms of product, NMP is the largest segment, with a share over 85%. And in terms of application, the largest application is Electronics, followed by Pharmaceuticals, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of GLB and NMP market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
GBL
NMP
Segmentation by application
Electronics
Pharmaceuticals
Chemical
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
Londellbasell
Ashland
Eastman
Synmiway Chemical
MYI Chemical
Yuneng Chemical
Ganzhou Zhongneng
Guangming Chemicals
Ruian Chemical

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

Please note: The report will take approximately 2 business days to prepare and deliver.