Market Overview:
The global 1-methyl-2-pyrrolidinone market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for 1-methyl-2-pyrrolidinone from various applications such as polymerization solvent, coatings and inks, lubricating oil, electronic materials, and other applications. In addition, the growing demand for 1-methyl-2 pyrrolidinone from emerging economies is also contributing to the growth of this market.
Product Definition:
1-methyl-2-pyrrolidinone (NMP) is an organic compound with the formula C5H9NO. It is a colorless liquid that is miscible with water and most solvents. NMP is used in the production of polymers, pharmaceuticals, and other chemicals.
Electronic Grade:
It has an aroma similar to fresh cut grass.
General Grade:
General grade is a low-quality product that finds its major application in the production of 1-methyl-2-pyrrolidinone (M2P). Methylene chloride and pyridine are key raw materials used for manufacturing general grade. The demand for this product is expected to witness growth on account of rising demand from end use industries such as paints & coatings, polymers, and adhesives.
Application Insights:
Polymerization solvent was the largest application segment and accounted for over 40% of global demand in 2017. 1-Methyl-2-pyrrolidinone is widely used as a polymerization agent due to its ability to dissolve polymers, which enables easy processing of the solid resin. It is also used as a hardener in some cases owing to its high melting point, which further enhances the efficiency of other hardeners such as hindered amine lightening agents (LAE).
1-Methyl-2-pyrrolidinone acts as an effective solvent for many organic compounds that are required for various applications including coatings and ink formulations. The chemical also finds application in several industrial processes such as lubricating oils and greases, electronic materials production, metal plating solutions among others.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The growth of this region can be attributed to rising product demand from various end-use industries, such as electronics, coatings & inks, polymerization solvents and lubricants. China emerged as a major consumer due to its large manufacturing sector. In addition, India is also projected to have significant growth owing to increasing electronic products manufacturing in the country.
The Asia Pacific was followed by Europe which accounted for 20% of global 1-Methyl-2-pyrrolidinone (MPV) market share in 2016 owing their high consumption from polymers and electronic devices industry coupled with growing automotive industry especially Germany’s auto sector will boost MPV demand over the forecast period.
Growth Factors:
- Increasing demand for 1-methyl-2-pyrrolidinone in various end user industries such as pharmaceuticals, agrochemicals, and cosmetics.
- Growing research and development activities for the use of 1-methyl-2-pyrrolidinone in new applications.
- Rising production capacities of key manufacturers operating in the global 1-methyl-2 pyrrolidinone market.
- Expansion of distribution networks by leading players to cater to the growing demand for 1 methyl 2 pyrrolidinone across regions worldwide. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
1-Methyl-2-pyrrolidinone Market Research Report
By Type
Electronic Grade, General Grade
By Application
Polymerization Solvent, Coatings and Inks, lubricating Oil, Electronic Materials, Other
By Companies
BASF, Ashland, Mitsubishi Chemical, Londellbasell, Dupont, MYJ, Yuneng Chemical, Eastman, Changxin Chemical, Rida Bio-Technology, Guangming Chemicals, Ruian Chemical, Jinlong Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global 1-Methyl-2-pyrrolidinone Market Report Segments:
The global 1-Methyl-2-pyrrolidinone market is segmented on the basis of:
Types
Electronic Grade, General Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Polymerization Solvent, Coatings and Inks, lubricating Oil, Electronic Materials, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Ashland
- Mitsubishi Chemical
- Londellbasell
- Dupont
- MYJ
- Yuneng Chemical
- Eastman
- Changxin Chemical
- Rida Bio-Technology
- Guangming Chemicals
- Ruian Chemical
- Jinlong Chemical
Highlights of The 1-Methyl-2-pyrrolidinone Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electronic Grade
- General Grade
- By Application:
- Polymerization Solvent
- Coatings and Inks
- lubricating Oil
- Electronic Materials
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the 1-Methyl-2-pyrrolidinone Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
1-Methyl-2-pyrrolidinone is a chemical compound with the molecular formula C5H10N4O2. It is a white solid that is soluble in water and most organic solvents. 1-Methyl-2-pyrrolidinone has been used as an intermediate in the production of various chemicals, including pesticides and explosives.
Some of the key players operating in the 1-methyl-2-pyrrolidinone market are BASF, Ashland, Mitsubishi Chemical, Londellbasell, Dupont, MYJ, Yuneng Chemical, Eastman, Changxin Chemical, Rida Bio-Technology, Guangming Chemicals, Ruian Chemical, Jinlong Chemical.
The 1-methyl-2-pyrrolidinone market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 1-Methyl-2-pyrrolidinone Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 1-Methyl-2-pyrrolidinone Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 1-Methyl-2-pyrrolidinone Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the 1-Methyl-2-pyrrolidinone Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global 1-Methyl-2-pyrrolidinone Market Size & Forecast, 2020-2028
4.5.1 1-Methyl-2-pyrrolidinone Market Size and Y-o-Y Growth
4.5.2 1-Methyl-2-pyrrolidinone Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electronic Grade
5.2.2 General Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Polymerization Solvent
6.2.2 Coatings and Inks
6.2.3 lubricating Oil
6.2.4 Electronic Materials
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 1-Methyl-2-pyrrolidinone Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 1-Methyl-2-pyrrolidinone Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electronic Grade
9.6.2 General Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Polymerization Solvent
9.10.2 Coatings and Inks
9.10.3 lubricating Oil
9.10.4 Electronic Materials
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electronic Grade
10.6.2 General Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Polymerization Solvent
10.10.2 Coatings and Inks
10.10.3 lubricating Oil
10.10.4 Electronic Materials
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electronic Grade
11.6.2 General Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Polymerization Solvent
11.10.2 Coatings and Inks
11.10.3 lubricating Oil
11.10.4 Electronic Materials
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electronic Grade
12.6.2 General Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Polymerization Solvent
12.10.2 Coatings and Inks
12.10.3 lubricating Oil
12.10.4 Electronic Materials
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electronic Grade
13.6.2 General Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Polymerization Solvent
13.10.2 Coatings and Inks
13.10.3 lubricating Oil
13.10.4 Electronic Materials
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 1-Methyl-2-pyrrolidinone Market: Competitive Dashboard
14.2 Global 1-Methyl-2-pyrrolidinone Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Ashland
14.3.3 Mitsubishi Chemical
14.3.4 Londellbasell
14.3.5 Dupont
14.3.6 MYJ
14.3.7 Yuneng Chemical
14.3.8 Eastman
14.3.9 Changxin Chemical
14.3.10 Rida Bio-Technology
14.3.11 Guangming Chemicals
14.3.12 Ruian Chemical
14.3.13 Jinlong Chemical
