N-Methyl-2-Pyrrolidone market (NMP) : Business Growth, Regional Trends, Sales Revenue, Size, Development Status, Key Players Analysis And Comprehensive Research Study Till 2023

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It accounted for major share of global N-Methyl-2-Pyrrolidone market and is expected to retain its position in the near future.

According to a new market report published by Credence Research “N-Methyl-2-Pyrrolidone (NMP) Market – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023,” the N-Methyl-2-Pyrrolidone market was valued at US$ 1.12 Bn in 2015, and is expected to reach US$ 1.64 Bn by 2023, expanding at a CAGR of 5.0% from 2016 to 2023.

Market Insights

N-Methyl-2-Pyrrolidone (NMP) is an organic compound which belongs to the class of dipolar aprotic solvents. The miscible property of NMP has led to high demand for various applications in the end-use industries. N-Methyl-2-Pyrrolidone is also known as N-methylpyrrolidinone under the brand name Pharmasolve. NMP, due to its solvency properties is used on a large scale to dissolve wide range of chemicals for use as polymers many end use industries. It is also used as solvent for surface treatment of resins, metal coated plastic and textiles. Therefore, high demand is reported for NMP worldwide.

Browse the full N-Methyl-2-Pyrrolidone (NMP) Market- Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at https://www.credenceresearch.com/report/n-methyl-2-pyrrolidone-nmp-market

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Pharmaceutical is the major application driving the growth of global N-Methyl-2-Pyrrolidone market in 2015. It accounted for major share of global N-Methyl-2-Pyrrolidone market and is expected to retain its position in the near future. NMP is used in many chemicals which are used in manufacture of wide range of products in the end-use industries. Petrochemicals industry is another factor driving the growth of global N-Methyl-2-Pyrrolidone market in 2015. NMP is used to extract pure hydrocarbons and in desulphurization if gases. It is also used as solvent for extraction in lube oil processing. Therefore, petrochemical industry is expected to fuel growth of global N-Methyl-2-Pyrrolidone market in the near future. Other applications such as agrochemicals and paints & coatings are also anticipated to boost market growth of N-Methyl-2-Pyrrolidone in the market during the forecast period from 2016 to 2023.

Competitive Insights

Asia Pacific accounted for the largest share of N-Methyl-2-Pyrrolidone in the market worldwide. It accounted for more than 40% share of global N-Methyl-2-Pyrrolidone market. Growing demand for NMP from wide range of end-user industries in the region has fueled the growth of global N-Methyl-2-Pyrrolidone market. N-Methyl-2-Pyrrolidone is used in the manufacture of topical as well as transdermal gels and drugs. Hence, high demand from the pharmaceutical industry especially from the countries such as China and India has led to high demand for N-Methyl-2-Pyrrolidone in the region. North America and Europe are expected to experience steady demand for NMP due to the stringent policies of the government in the regions. However, NMP is expected to experience demand from other regions such as Middle East & Africa and Latin America from applications such as Paints & Coatings and agrichemicals in the regions. Therefore, strong demand is reported for N-Methyl-2-Pyrrolidone in the market in 2015 and is expected to increase during the forecast period from 2016 to 2023.

Key Trends

  • Manufacture of topical and transdermal medicines
  • Extraction of pure hydrocarbons
  • Used as solvent for chemicals in the area of polymers
  • Opportunities from increasing research activities to comply with government regulations and policies

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ToC:

Chapter 1 Preface 12
1.1 Report Description 12
1.1.1 Purpose of the Report 12
1.1.2 Target Audience 12
1.1.3 USP and Key Offerings 12
1.2 Research Scope 13
1.3 Research Methodology 14
1.3.1 Phase I – Secondary Research 14
1.3.2 Phase II – Primary Research 15
1.3.3 Phase III – Expert Panel Review 15
1.3.4 Assumptions 16

Chapter 2 Executive Summary 17
2.1 Market Snapshot: Global N-Methyl-2-Pyrrolidone (NMP) Market 17

Chapter 3 Market Dynamics 19
3.1 Introduction 19
3.2 Market Dynamics 20
3.2.1 Market Drivers 20
3.2.1.1 Rising demand from pharmaceutical industry 20
3.2.1.1 Increasing demand in petrochemical industry 20
3.2.2 Market Challenges 21
3.2.2.1 Adverse effects of N-methyl-2-pyrrolidone(NMP) on human health 21
3.2.3 Market Opportunities 22
3.2.3.1 Strong Demand From Asia Pacific Regions 22
3.2.3.1.1 GDP Per capita (USD $), 2011 – 2014 22
3.3 Attractive Investment Proposition 23
3.4 Market Share Analysis of Key Manufactures in Global N-Methyl-2-Pyrrolidone Market 24
3.5 Global N-Methyl-2-Pyrrolidone Average Price Analysis, 2013 – 2023 26

Chapter 4 Global N-Methyl-2-Pyrrolidone Market Analysis, By End-Uses 27
4.1 Petrochemicals 28
4.2 Electronics 29
4.3 Pharmaceuticals 30
4.4 Agrochemicals 31
4.5 Paints & Coatings 32
4.6 Others 33

………………………..toc continued

Browse the full N-Methyl-2-Pyrrolidone (NMP) Market for Petrochemicals, Electronics, Pharmaceuticals, Agrochemicals, Paints & Coatings and Other Applications- Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at https://www.credenceresearch.com/report/n-methyl-2-pyrrolidone-nmp-market
 

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NMP is used to recover certain hydrocarbons generated in the processing of petrochemicals, such as the recovery of 1,3-butadiene and acetylene. It is used to absorb hydrogen sulfide from sour gas and hydrodesulfurization facilities. Due to its good solvency properties NMP is used to dissolve a wide range of polymers. It is also used as a solvent for surface treatment of textiles, resins, and metal coated plastics or as a paint stripper. It is utilized as a solvent in the commercial preparation of polyphenylene sulfide. In the pharmaceutical industry, N-methyl-2-pyrrolidone is used in the formulation for drugs by both oral and transdermal delivery routes. It is also used heavily in lithium ion battery fabrication, as a solvent for electrode preparation, though there is much effort to replace it with solvents of less environmental concern, like water.

In Biological aspects rats, NMP is absorbed rapidly after inhalation, oral, and dermal administration, distributed throughout the organism, and eliminated mainly by hydroxylation to polar compounds, which are excreted via urine. About 80% of the administered dose is excreted as NMP and NMP metabolites within 24 hours. A probably dose dependent yellow coloration of the urine in rodents is observed. The major metabolite is 5-hydroxy-N-methyl-2-pyrrolidone–wikipedia.

 

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