Market Overview:
The global NMP (N-Methyl-2-Pyrrolidone) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for NMP in various applications such as electronics, pharmaceuticals, paints and coatings, and petrochemical processing. Additionally, the growing demand for electronic grade NMP is also contributing to the growth of this market. However, volatility in raw material prices may restrain the growth of this market during the forecast period.
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Product Definition:
N-Methyl-2-pyrrolidone (NMP) is a colorless, water soluble organic solvent with a mild odor. It is used as a solvent for coatings, inks, adhesives and elastomers. NMP is also used as an extraction agent for natural products and in the production of pharmaceuticals.
Electronic Grade:
Electronic grade is a high purity form of the product which is used in various applications such as production of NMP (N-Methyl-2-Pyrrolidone) and other chemicals. Electronic grade has no impurities or contaminants, it's purity level is 99%. It also helps to produce purest form of other chemicals which are used in pharmaceuticals, research & development and manufacturing industries.
Pharmaceutical Grade:
Pharmaceutical grade is the purest form of any product. It has very less amount of impurities and other components. The purity is measured in terms of heavy metals,ipecac-chrystals,sulfur & oxygen content among others by various standards such as USP-NF (United States Pharmacopeia and NFA (National Formulary).
Application Insights:
The global NMP market is segmented by application into electronics, pharmaceuticals, paints and coatings, petrochemical processing and others. The paints and coatings industry dominated the global NMP market in terms of demand with a share of 29.1% in 2017. Increasing construction activities across the globe are expected to drive the demand for various products including cementitious materials which are used as binders in paints for enhancing their durability and strength.
N-Methyl-2-pyrrolidone is widely utilized as a solvent for thinning oils or greases during manufacturing of industrial machinery components due to its low boiling point along with excellent chemical stability properties enabling it to resist corrosion from metal surfaces resulting from exposure to acid or base solutions without being dissolved or leached away completely.
Regional Analysis:
Asia Pacific was the largest market for global NMP with a revenue share of over 57.0% in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing demand from various end-use industries such as paints and coatings, pharmaceuticals, electronics and petrochemical processing. China is one of the major manufacturing hubs for electronic products such as computers and laptops; this has led to increased consumption of NMP in laptop batteries since they are manufactured using similar processes as used for producing batteries in mobile phones.
The growing population coupled with rising living standards have resulted in an increase in consumer spending on household appliances including refrigerators, washing machines etc., which will further drive product demand from 2018 to 2030 globally.
Growth Factors:
- Increasing demand from end-use industries such as paints and coatings, adhesives and sealants, pharmaceuticals, and textiles
- Rising demand for NMP in Asia Pacific due to the growth of key end-use industries
- Growing use of NMP in water treatment applications
- Increasing adoption of NMP as a solvent for manufacturing high-performance polymers
- Technological advancements that are resulting in the development of new applications for NMP
Scope Of The Report
Report Attributes
Report Details
Report Title
NMP (N-Methyl-2-Pyrrolidone) Market Research Report
By Type
Electronic Grade, Pharmaceutical Grade, Industrial Grade
By Application
Electronics, Pharmaceuticals, Paints and Coatings, Petrochemical Processing
By Companies
Eastman, Ashland, Maroon Group, Mitsubishi Chemical, Puyang MYJ, Zhongneng Industrial, Tianjin Zhongxin Chemtech, Hefei TNK Chemical Industry, Beijing Tianyukanghong Chemical Technology
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
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global NMP (N-Methyl-2-Pyrrolidone) Market Report Segments:
The global NMP (N-Methyl-2-Pyrrolidone) market is segmented on the basis of:
Types
Electronic Grade, Pharmaceutical Grade, Industrial 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
Electronics, Pharmaceuticals, Paints and Coatings, Petrochemical Processing
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:
- Eastman
- Ashland
- Maroon Group
- Mitsubishi Chemical
- Puyang MYJ
- Zhongneng Industrial
- Tianjin Zhongxin Chemtech
- Hefei TNK Chemical Industry
- Beijing Tianyukanghong Chemical Technology
 Market Overview.svg)
Highlights of The NMP (N-Methyl-2-Pyrrolidone) 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
- Pharmaceutical Grade
- Industrial Grade
- By Application:
- Electronics
- Pharmaceuticals
- Paints and Coatings
- Petrochemical Processing
- 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 NMP (N-Methyl-2-Pyrrolidone) 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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?
NMP is a solvent used in the manufacturing of plastics and other materials. It is also used as a cleaning agent and as a fuel additive in gasoline.
Some of the key players operating in the nmp (n-methyl-2-pyrrolidone) market are Eastman, Ashland, Maroon Group, Mitsubishi Chemical, Puyang MYJ, Zhongneng Industrial, Tianjin Zhongxin Chemtech, Hefei TNK Chemical Industry, Beijing Tianyukanghong Chemical Technology.
The nmp (n-methyl-2-pyrrolidone) market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 NMP (N-Methyl-2-Pyrrolidone) 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 NMP (N-Methyl-2-Pyrrolidone) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 NMP (N-Methyl-2-Pyrrolidone) 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 NMP (N-Methyl-2-Pyrrolidone) 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 NMP (N-Methyl-2-Pyrrolidone) Market Size & Forecast, 2020-2028
4.5.1 NMP (N-Methyl-2-Pyrrolidone) Market Size and Y-o-Y Growth
4.5.2 NMP (N-Methyl-2-Pyrrolidone) 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 Pharmaceutical Grade
5.2.3 Industrial 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 Electronics
6.2.2 Pharmaceuticals
6.2.3 Paints and Coatings
6.2.4 Petrochemical Processing
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global NMP (N-Methyl-2-Pyrrolidone) 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 NMP (N-Methyl-2-Pyrrolidone) 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 Pharmaceutical Grade
9.6.3 Industrial 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 Electronics
9.10.2 Pharmaceuticals
9.10.3 Paints and Coatings
9.10.4 Petrochemical Processing
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 Pharmaceutical Grade
10.6.3 Industrial 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 Electronics
10.10.2 Pharmaceuticals
10.10.3 Paints and Coatings
10.10.4 Petrochemical Processing
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 Pharmaceutical Grade
11.6.3 Industrial 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 Electronics
11.10.2 Pharmaceuticals
11.10.3 Paints and Coatings
11.10.4 Petrochemical Processing
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 Pharmaceutical Grade
12.6.3 Industrial 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 Electronics
12.10.2 Pharmaceuticals
12.10.3 Paints and Coatings
12.10.4 Petrochemical Processing
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 Pharmaceutical Grade
13.6.3 Industrial 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 Electronics
13.10.2 Pharmaceuticals
13.10.3 Paints and Coatings
13.10.4 Petrochemical Processing
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 NMP (N-Methyl-2-Pyrrolidone) Market: Competitive Dashboard
14.2 Global NMP (N-Methyl-2-Pyrrolidone) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eastman
14.3.2 Ashland
14.3.3 Maroon Group
14.3.4 Mitsubishi Chemical
14.3.5 Puyang MYJ
14.3.6 Zhongneng Industrial
14.3.7 Tianjin Zhongxin Chemtech
14.3.8 Hefei TNK Chemical Industry
14.3.9 Beijing Tianyukanghong Chemical Technology
