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N-Methyl-2-Pyrrolidone has a wide range of applications in a range of industries, such as pharmaceuticals, industrial cleaning, electronics, agrochemicals, and paints & coatings, petrochemical. N-Methyl-2-Pyrrolidone is characterized by a high flame point and low volatility. N-Methyl-2-Pyrrolidone is also used in the manufacturing of magnetic wire coatings which is expected to fuel the market growth over the next few years.

Market Dynamics

The global N-methyl-2-pyrrolidone market has witnessed significant growth in recent past years, owing to the rise in the growth of the electronics industry in emerging economies. N-methyl-2-pyrrolidone is primarily used for mixing water with oils. In addition to this, increasing implementation of strict regulations regarding fossil fuel-based vehicles for controlling emissions of carbon dioxide. A surge in the production of electric vehicles has led to providing lucrative growth in the global N-methyl-2-pyrrolidone market over the forecast period.

Major players in the global N-methyl-2-pyrrolidone market are increasing their investment in innovative product launchings, research & development, and marketing & promotional activities to capitalize on emerging trends in various end-user industries such as petrochemical, paints & coatings electronics, and pharmaceuticals. This scenario is expected to fuel the market during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of global N-methyl-2-pyrrolidone market size (US$ Million and Thousand Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global N-methyl-2-pyrrolidone market based on the following parameters– company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include BASF SE, LyondellBasell Industries N.V., Ashland Inc., Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd., Hefei TNJ Chemical Industry Co., Ltd., Puyang Guangming Chemicals Co., Ltd., Zhejiang Realsun Chemical Industry Co., Ltd., Abtonsmart Chemical Co. Ltd., and Balaji Amines Limited
  • Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launches, product type up-gradation, market expansion, and marketing tactics
  • The global N-methyl-2-pyrrolidone market report caters to various stakeholders in this industry including investors, suppliers, global N-methyl-2-pyrrolidone manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global N-methyl-2-pyrrolidone market.

Detailed Segmentation:

  • Global N-Methyl-2-Pyrrolidone Market, By Application:
    • Electronics
    • Petrochemical Processing
    • Agrochemicals
    • Pharmaceuticals
    • Paints & coatings
    • Industrial cleaners
    • Others
  • Global N-Methyl-2-Pyrrolidone Market, By Region:
    • North America
    • Europe
    • Asia-Pacific
    • Latin America
    • Middle East & Africa
  • Company Profiles
    • BASF SE
    • Lyondell Basell Industries N.V.
    • Ashland Inc.
    • Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd.
    • Hefei TNJ Chemical Industry Co., Ltd
    • Puyang Guangming Chemicals Co., Ltd.
    • Zhejiang Realsun Chemical Industry Co., Ltd.
    • Abtonsmart Chemical Co. Ltd
    • Balaji Amines Limited

Detailed Segmentation:

  • Global N-Methyl-2-Pyrrolidone Market, By Application:
    • Electronics
    • Petrochemical Processing
    • Agrochemicals
    • Pharmaceuticals
    • Paints & coatings
    • Industrial cleaners
    • Others
  • Global N-Methyl-2-Pyrrolidone Market, By Region:
    • North America
    • Europe
    • Asia-Pacific
    • Latin America
    • Middle East & Africa
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