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.
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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.
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.
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
• 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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Table of Content:
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
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
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
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 $), 2011 - 2014 22
3.3 Attractive Investment Proposition 23
3.4 Market Share Analysis of Key Manufactures in Global N-Methyl-2-Pyrrolidone Market 24
3.5 Global N-Methyl-2-Pyrrolidone Average Price Analysis, 2013 - 2023 26
Chapter 4 Global N-Methyl-2-Pyrrolidone Market Analysis, By End-Uses 27
4.1 Petrochemicals 28
4.2 Electronics 29
4.3 Pharmaceuticals 30
4.4 Agrochemicals 31
4.5 Paints & Coatings 32
4.6 Others 33
4.1 Petrochemicals 28
4.2 Electronics 29
4.3 Pharmaceuticals 30
4.4 Agrochemicals 31
4.5 Paints & Coatings 32
4.6 Others 33
Chapter 5 North America N-Methyl-2-Pyrrolidone Market Analysis 35
5.1 Overview 35
5.1.1 North America N-Methyl-2-Pyrrolidone Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 35
5.2 North America N-Methyl-2-Pyrrolidone Market Volume and Revenue, By End-Use, 2013 – 2023 (Kilo Tons) (US$ Mn) 36
5.2.1 North America N-Methyl-2-Pyrrolidone Market Volume and Revenue, By End-Use, 2013 – 2023 (Kilo Tons) (US$ Mn) 36
5.3 North America N-Methyl-2-Pyrrolidone Market Volume and Revenue, By Country, 2013 – 2023 (Kilo Tons) (US$ Mn) 38
5.3.1 U.S. 38
5.3.2 Canada 39
5.1 Overview 35
5.1.1 North America N-Methyl-2-Pyrrolidone Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 35
5.2 North America N-Methyl-2-Pyrrolidone Market Volume and Revenue, By End-Use, 2013 – 2023 (Kilo Tons) (US$ Mn) 36
5.2.1 North America N-Methyl-2-Pyrrolidone Market Volume and Revenue, By End-Use, 2013 – 2023 (Kilo Tons) (US$ Mn) 36
5.3 North America N-Methyl-2-Pyrrolidone Market Volume and Revenue, By Country, 2013 – 2023 (Kilo Tons) (US$ Mn) 38
5.3.1 U.S. 38
5.3.2 Canada 39
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Chapter 6 Europe N-Methyl-2-Pyrrolidone Market Analysis 41
6.1 Overview 41
6.1.1 Europe N-Methyl-2-Pyrrolidone Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 41
6.2 Europe N-Methyl-2-Pyrrolidone Market Volume and Revenue, By End-Use, 2013 – 2023 (Kilo Tons) (US$ Mn) 42
6.2.1 Europe N-Methyl-2-Pyrrolidone Market Volume and Revenue, By End-Use, 2013 – 2023 (Kilo Tons) (US$ Mn) 42
6.2.2 Germany 44
6.2.3 France 45
6.2.4 U.K. 47
6.2.5 Rest of Europe 48
6.1 Overview 41
6.1.1 Europe N-Methyl-2-Pyrrolidone Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 41
6.2 Europe N-Methyl-2-Pyrrolidone Market Volume and Revenue, By End-Use, 2013 – 2023 (Kilo Tons) (US$ Mn) 42
6.2.1 Europe N-Methyl-2-Pyrrolidone Market Volume and Revenue, By End-Use, 2013 – 2023 (Kilo Tons) (US$ Mn) 42
6.2.2 Germany 44
6.2.3 France 45
6.2.4 U.K. 47
6.2.5 Rest of Europe 48
Chapter 7 Asia Pacific N-Methyl-2-Pyrrolidone Market Analysis 50
7.1 Overview 50
7.1.1 Asia Pacific N-Methyl-2-Pyrrolidone Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 50
7.2 Asia Pacific N-Methyl-2-Pyrrolidone Market Volume and Revenue, By End-Use, 2013 – 2023 (Kilo Tons) (US$ Mn) 51
7.2.1 Asia Pacific N-Methyl-2-Pyrrolidone Market Volume and Revenue, By End-Use, 2013 – 2023 (Kilo Tons) (US$ Mn) 51
7.3 Asia Pacific N-Methyl-2-Pyrrolidone Market Volume and Revenue, By Country, 2013 – 2023 (Kilo Tons) (US$ Mn) 53
7.3.1 China 53
7.3.2 India 54
7.3.3 Japan 56
7.3.4 Rest of Asia Pacific 57
7.1 Overview 50
7.1.1 Asia Pacific N-Methyl-2-Pyrrolidone Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 50
7.2 Asia Pacific N-Methyl-2-Pyrrolidone Market Volume and Revenue, By End-Use, 2013 – 2023 (Kilo Tons) (US$ Mn) 51
7.2.1 Asia Pacific N-Methyl-2-Pyrrolidone Market Volume and Revenue, By End-Use, 2013 – 2023 (Kilo Tons) (US$ Mn) 51
7.3 Asia Pacific N-Methyl-2-Pyrrolidone Market Volume and Revenue, By Country, 2013 – 2023 (Kilo Tons) (US$ Mn) 53
7.3.1 China 53
7.3.2 India 54
7.3.3 Japan 56
7.3.4 Rest of Asia Pacific 57
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