N-Methyl-2-pyrrolidone (NMP) is an important polar solvent with strong selectivity and stability. It is a colorless oily liquid and has slight amine odor, which can be soluble in water, alcohols, ethers, esters, ketones, halogenated hydrocarbons, aromatics and castor oil.
Manufacturers have developed a new technique to produce N-methyl-2-pyrrolidone due to the growing concerns about the depletion of fossil fuels and non-renewable resources. The cyclization of gamma-aminobutyric acid (GABA) to 2-pyrrolidone and subsequent methylation of 2-pyrrolidone with methanol to N-methyl-2-pyrrolidone helps in the production of bio-based N-methyl-2-pyrrolidone. The adoption of the green pathway for producing N-methyl-2-pyrrolidone is identified as one of the key trends that will gain traction in the N-methyl-2-pyrrolidone market.
Moreover, the demand for N-methyl-2-pyrrolidone is increasing due to growth in the automotive industry as N-methyl-2-pyrrolidone is extensively used in batteries and circuits. The rising adoption rate of electric vehicles in developing countries such as China and India will further boost the demand for N-methyl-2-pyrrolidone.
In 2019, the market size of N-Methyl-2-Pyrrolidone is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for N-Methyl-2-Pyrrolidone.
This report studies the global market size of N-Methyl-2-Pyrrolidone, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the N-Methyl-2-Pyrrolidone production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Market Segment by Product Type
Market Segment by Application
Paints and Coatings
Key Regions split in this report: breakdown data for each region.
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the N-Methyl-2-Pyrrolidone status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key N-Methyl-2-Pyrrolidone manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of N-Methyl-2-Pyrrolidone are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025