San Francisco, 28 December 2018: The Report N-Methyl-2-Pyrrolidone (NMP) Market Analysis By Application (Oil & gas [Butadiene Recovery,
BTX Extraction], Pharmaceuticals [Solvent, Penetration Enhancer], Electronics,
Paints & Coatings, Agrochemicals), By Region, And Segment Forecasts, 2018 –
2025
The global n-methyl-2-pyrrolidone (NMP) market is expected to reach USD 1.79 billion by 2025, 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.
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| N-Methyl-2-Pyrrolidone (NMP) Market |
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.
Access Research Report of N-Methyl-2-Pyrrolidone (NMP) Market
@ www.grandviewresearch.com/industry-analysis/n-methyl-2-pyrrolidone-nmp-market
Further key findings from the report suggest
· Globally, electronics and oil & gas
application segments are expected to witness significant volume growth during
the forecast period, growing at CAGRs of over 4% during the forecast period.
This growth can be attributed to rapid growth from the end-use verticals such
as petrochemical refineries, and electronics & telecommunication.
· Asia Pacific dominated the NMP market in
2015 with an estimated revenue of around USD 450 million, and is projected to
grow significantly over the coming years owing to the increasing investments
from the application industries. 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.
· Key participants in the
N-Methyl-2-Pyrrolidone market include BASF SE, E. I. du Pont de Nemours and
Company, Eastman Chemical Company, Mitsubishi Chemical Corporation, and Ashland
Inc., among others. In recent years, new product developments have been the
major growth strategy adopted by key market players for strengthening their
market positions.
Browse more reports of this category by Grand View Research
at: www.grandviewresearch.com/industry/organic-chemicals-and-compounds
Grand View Research has segmented the
global NMP market on the basis of application and region:
NMP Market Application Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2013 - 2025)
·
Oil & gas
·
Pharmaceuticals
·
Electronics
·
Paints & Coatings
·
Agrochemicals
·
Others
NMP Market Regional Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2013 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Press Release of
N-Methyl-2-Pyrrolidone (NMP) Market@ www.grandviewresearch.com/press-release/global-n-methyl-2-pyrrolidone-nmp-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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