N-Methyl-2-Pyrrolidone (NMP) Market By End User (Petrochemicals, Electronics, Pharmaceuticals, Agrochemicals, Paints & Coatings) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2023

Market Insights

N-Methyl-2-Pyrrolidone (NMP) is a colorless liquid that, when impure, appears to be yellow. It is miscible with almost all organic solvents and water. It is known by many other names, such as N-Methylpyrrolidone, N-Methylpyrrolidinone, which is also known as Pharmasolve, and 1-Methyl-2-Pyrrolidone. N-Methyl-2-Pyrrolidone fits in the group of dipolar aprotic solvents, which include dimethyl sulfoxide and dimethylformamide. It has the property of dissolving diverse metals and is used on a large scale in plastics and petrochemical industries. They also have applications in the pharmaceutical, agrochemical, and paints & coatings industries.

N-Methyl-2-Pyrrolidone is produced on an industrial scale. It is produced by an ester-to-amide conversion, i.e., by treatment of methylamine with butyrolactone. Other processes adopted to produce N-Methyl-2-Pyrrolidone are by reaction of acrylonitrile with methylamine which is further carried out by hydrolysis and by partial hydrogenation of N-methylsuccinimide.

The derivatives of N-Methyl-2-Pyrrolidone are used in the industries such as agrochemicals, pharmaceuticals, and plasticizers, among others. Pharmaceuticals accounted for the major application of N-Methyl-2-Pyrrolidone, among other applications. High demand from the pharmaceutical industry has led to booming demand for NMP in emerging economies such as the Asia Pacific, especially China and India. Stringent government policies and regulations are expected to hamper the growth of the global N-Methyl-2-Pyrrolidone market in Europe and North America.

However, increasing research and development activities are carried out by major companies to comply with these regulations in the regions. NMP, owing to its solvent property, is used in many industries, among which the electronic industry consumes a major share after the pharmaceutical industry. NMP is a solvent for surface treatment of metal-coated plastic and resins. Therefore, electronics followed pharmaceuticals in terms of demand for NMP in the market. Other applications, such as paints & coatings, agrochemicals, industrial cleaners, etc., are also expected to fuel the growth of the global N-Methyl-2-Pyrrolidone market during the forecast period from 2016 to 2023.

The n-Methyl-2-Pyrrolidone market was valued at US$ 1,123.5 Mn in 2015 and is expected to reach US$ 1,644.4 Mn by 2023, growing at a CAGR of 5.0% during the forecast period 2016-2023.

Purpose of the Report

The purpose of this strategic research study titled “Global N-Methyl-2-Pyrrolidone Market – Growth, Share, Opportunities, and Competitive Analysis, 2016– 2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global N-Methyl-2-Pyrrolidone market.

Target Audience

• Industry Investors
• N-Methyl-2-Pyrrolidone Providers/Vendors
• Research Professionals
• Emerging Companies
• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Research Institutes

Overall, the research study provides:

• A holistic view of the global N-Methyl-2-Pyrrolidone market growth.
• Offering market size and estimates for the period from 2016 to 2023.
• Keeping in mind the abovementioned factors.

Based on its application, the N-Methyl-2-Pyrrolidone (NMP) market is categorized into the following end-user segments:

• Petrochemicals
• Electronics
• Pharmaceuticals
• Agrochemicals
• Paints & Coatings
• Others (Industrial Cleaners, etc.)

Petrochemicals, pharmaceuticals, electronics, agrochemicals, paints & coatings, among others, are the key applications of N-Methyl-2-Pyrrolidone. Among the applications mentioned above, pharmaceuticals accounted for the global N-Methyl-2-Pyrrolidone market in 2015. The solvency properties of N-Methyl-2-Pyrrolidone have led to high demand from the pharmaceutical sector. It is used on a large scale to manufacture topical and transdermal drugs and gels. Therefore, pharmaceuticals are the major application driving the growth of the global N-Methyl-2-Pyrrolidone market. Electronics followed pharmaceuticals in terms of demand due to the bulk demand for various applications in the electronic industry worldwide.

N-Methyl-2-Pyrrolidone is used in desulphurizing gases and extracting pure hydrocarbons in the petrochemical industry. Therefore, the petrochemical industry is another factor contributing to the growth of the global N-Methyl-2-Pyrrolidone market. In the paints & coatings industry, N-Methyl-2-Pyrrolidone is used as a solvent in acrylic, polyurethane paints, and epoxy resins. It is also used as enamel for coating wires. Therefore, rising demand is reported for N-Methyl-2-Pyrrolidone from the paints & coatings industry. Other applications, such as agrochemicals and industrial cleaners, are also anticipated to boost market demand for N-Methyl-2-Pyrrolidone during the forecast period from 2016 to 2023.

Based on geography, the global N-Methyl-2-Pyrrolidone (NMP) market is segmented into the following categories

• North America
  • US.
  • Canada
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

The Asia Pacific accounted for the largest global N-Methyl-2-Pyrrolidone market in 2015. It accounted for more than 40% share of the global N-Methyl-2-Pyrrolidone market. Rising demand from the pharmaceutical sector for its use in the manufacture of topical and transdermal medicine has led to the growth of the global N-Methyl-2-Pyrrolidone market. Growing demand from the end-use industry is another factor promoting the growth of the global N-Methyl-2-Pyrrolidone market in the region. Growing demand for resins has driven the growth of NMP in various end-use industries such as electronics in the regions such as China and India.

Hence, Asia Pacific is anticipated to be the major region for high consumption of N-Methyl-2-Pyrrolidone in 2015. North America and Europe are expected to experience steady demand for NMP due to the strict regulations adopted by the region. NMP is stated to be the reproductive and developmental toxin due to which it experiences steady demand in the regions such as Europe and North America. The Middle East & Africa, and Latin America are also expected to boost market demand for N-Methyl-2-Pyrrolidone due to booming demand from the paints & coatings and agriculture sectors in the regions during the forecast period from 2016 to 2023.

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

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

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

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

Chapter 8 Latin America N-Methyl-2-Pyrrolidone Market Analysis 59
8.1 Overview 59
8.1.1 Latin America N-Methyl-2-Pyrrolidone Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 59
8.2 Latin America N-Methyl-2-Pyrrolidone Market Volume and Revenue, By End-Use, 2013 – 2023 (Kilo Tons) (US$ Mn) 60
8.2.1 Latin America N-Methyl-2-Pyrrolidone Market Volume and Revenue, By End-Use, 2013 – 2023 (Kilo Tons) (US$ Mn) 60
8.3 Latin America N-Methyl-2-Pyrrolidone Market Volume and Revenue, By Country, 2013 – 2023 (Kilo Tons) (US$ Mn) 62
8.3.1 Brazil 62
8.3.2 Mexico 63
8.3.3 Rest of Latin America 65

Chapter 9 Middle East & Africa N-Methyl-2-Pyrrolidone Market Analysis 67
9.1 Overview 67
9.1.1 Middle East & Africa N-Methyl-2-Pyrrolidone Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 67
9.2 Middle East & Africa N-Methyl-2-Pyrrolidone Market Volume and Revenue, By End-Use, 2013 – 2023 (Kilo Tons) (US$ Mn) 68
9.2.1 Middle East & Africa N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023 (Kilo Tons) (US$ Mn) 68

Chapter 10 Company Profiles 70
10.1 Abtonsmart Chemicals (Group)Co.,Ltd 70
10.2 Ashland Inc 71
10.3 Balaji Amines Ltd 73
10.4 BASF SE 74
10.5 E. I. du Pont de Nemours and Company 76
10.6 Hefei TNJ Chemical Industry Co., Ltd 78
10.7 LyondellBasell Industries N.V. 79
10.8 Puyang Guangming Chemicals Co., Ltd 81
10.9 Shandong Qingyun Changxin Chemical Science-Tech Co. Ltd 82
10.10 Zhejiang Realsun Chemical Industry Co., Ltd 83

List of Figures

FIG. 1 N-Methyl-2-Pyrrolidone Market: Research Methodology 14
FIG. 2 Attractive Investment Proposition 23
FIG. 3 Market Share Analysis of Key Manufacturers in Global N-Methyl-2-Pyrrolidone Market, 2015 (Value %) 25
FIG. 4 N-Methyl-2-Pyrrolidone End-Use Market in Petrochemicals, 2013 – 2023 (Kilo Tons) (US$ Mn) 29
FIG. 5 N-Methyl-2-Pyrrolidone End-Use Market in Electronics, 2013 – 2023 (Kilo Tons) (US$ Mn) 30
FIG. 6 N-Methyl-2-Pyrrolidone End-Use Market in Pharmaceuticals, 2013 – 2023 (Kilo Tons) (US$ Mn) 31
FIG. 7 N-Methyl-2-Pyrrolidone End-Use Market in Agrochemicals, 2013 – 2023 (Kilo Tons) (US$ Mn) 32
FIG. 8 N-Methyl-2-Pyrrolidone End-Use Market in Paints & Coatings, 2013 – 2023 (Kilo Tons) (US$ Mn) 33
FIG. 9 N-Methyl-2-Pyrrolidone End-Use Market in Electronics, 2013 – 2023 (Kilo Tons) (US$ Mn) 34
FIG. 10 North America N-Methyl-2-Pyrrolidone Market Volume and Revenue, 2013 – 2023, (Kilo Tons)(US$ Mn) 35
FIG. 11 Europe N-Methyl-2-Pyrrolidone Market Volume and Revenue, 2013 – 2023, (Kilo Tons)(US$ Mn) 41
FIG. 12 Asia Pacific N-Methyl-2-Pyrrolidone Market Volume and Revenue, 2013 – 2023, (Kilo Tons)(US$ Mn) 50
FIG. 13 Latin America N-Methyl-2-Pyrrolidone Market Volume and Revenue, 2013 – 2023, (Kilo Tons)(US$ Mn) 59
FIG. 14 Middle East & Africa N-Methyl-2-Pyrrolidone Market Volume and Revenue, 2013 – 2023, (Kilo Tons)(US$ Mn) 67

List of Tables

TABLE 1 Market Snapshot: Global N-Methyl-2-Pyrrolidone (NMP) Market 18
TABLE 1 Global N-Methyl-2-Pyrrolidone Average Price Analysis, 2013 – 2023 (US$/Kg) 27
TABLE 2 Global N-Methyl-2-Pyrrolidone Market, By End-Use, 2013 – 2023 (Kilo Tons) 28
TABLE 3 Global N-Methyl-2-Pyrrolidone Market, By End-Use, 2013 – 2023 (US$ Mn) 29
TABLE 4 North America N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (Kilo Tons) 37
TABLE 5 North America N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (US$ Mn) 38
TABLE 6 U.S. N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (Kilo Tons) 39
TABLE 7 U.S. N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (US$ Mn) 40
TABLE 8 Canada N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (Kilo Tons) 41
TABLE 9 Canada N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (US$ Mn) 41
TABLE 10 Europe N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (Kilo Tons) 43
TABLE 11 Europe N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (US$ Mn) 44
TABLE 12 Germany N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (Kilo Tons) 45
TABLE 13 Germany N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (US$ Mn) 46
TABLE 14 France N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (Kilo Tons) 47
TABLE 15 France N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (US$ Mn) 47
TABLE 16 U.K. N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (Kilo Tons) 48
TABLE 17 U.K. N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (US$ Mn) 49
TABLE 18 Rest of Europe N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (Kilo Tons) 50
TABLE 19 Rest of Europe N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (US$ Mn) 50
TABLE 20 Asia Pacific N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (Kilo Tons) 53
TABLE 21 Asia Pacific N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (US$ Mn) 53
TABLE 22 China N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (Kilo Tons) 54
TABLE 23 China N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (US$ Mn) 55
TABLE 24 India N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (Kilo Tons) 56
TABLE 25 India N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (US$ Mn) 56
TABLE 26 Japan N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (Kilo Tons) 57
TABLE 27 Japan N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (US$ Mn) 58
TABLE 28 Rest of Asia Pacific N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (Kilo Tons) 59
TABLE 29 Rest of Asia Pacific N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (US$ Mn) 59
TABLE 30 Latin America N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (Kilo Tons) 62
TABLE 31 Latin America N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (US$ Mn) 62
TABLE 32 Brazil N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (Kilo Tons) 63
TABLE 33 Brazil N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (US$ Mn) 64
TABLE 34 Mexico N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (Kilo Tons) 65
TABLE 35 Mexico N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (US$ Mn) 65
TABLE 36 Rest of Latin America N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (Kilo Tons) 66
TABLE 37 Rest of Latin America N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (US$ Mn) 67
TABLE 38 Middle East N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (Kilo Tons) 69
TABLE 39 Middle East & Africa N-Methyl-2-Pyrrolidone Market Analysis, By End-Use, 2013 – 2023, (US$ Mn) 70
TABLE 40 Abtonsmart Chemicals (Group)Co.,Ltd.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)) 71
TABLE 41 Ashland Inc.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage) 72
TABLE 42 Balaji Amines Ltd.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage) 74
TABLE 43 BASF SE.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage) 75
TABLE 44 E. I. du Pont de Nemours and Company.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage) 77
TABLE 45 Hefei TNJ Chemical Industry Co., Ltd.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage) 79
TABLE 46 LyondellBasell Industries N.V.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage) 80
TABLE 47 Puyang Guangming Chemicals Co., Ltd.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage) 82
TABLE 48 Shandong Qingyun Changxin Chemical Science-Tech Co. Ltd.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)) 83
TABLE 49 Zhejiang Realsun Chemical Industry Co., Ltd.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)) 84