"Innovative Market Solutions to Help Businesses Make Informed Decisions"
N methyl 2 pyrrolidone is also called N-Methylpyrrolidone (NMP), is a colorless solvent. It's an organic compound that belongs to the dipolar aprotic solvent family. Moreover, butyrolactone is treated with methylamine in an industrial ester-to-amide conversion to produce n-methyl-2-pyrrolidone. It offers high chemical and thermal stability and has excellent solvency in inorganic or organic chemical compounds. These properties surge the product demand for various applications such as petrochemical processing, paint and coating removal, agricultural chemicals, engineering plastics coatings, industrial/domestic cleaning, and electronic cleaning.
The n methyl 2 pyrrolidone market is growing at a rapid pace owing to increasing demand from oil & gas and electronic industries. In the oil & gas industry, n methyl 2 pyrrolidone is highly utilized in butadiene recovery, benzene, toluene, xylene (BTX) extraction, and lube oil purification. Whereas, in the electronics industry, the product is used as a photoresist stripper, for degreasing, defluxing, and cleaning. As a solvent, NMP is highly adopted for the production of polyurethane coatings, epoxy, and polyamide/polyimide wire enamels. Hence, increasing product adoption will flourish the n methyl 2 pyrrolidone market growth during the forecast timeline.
However, NMP is toxic in nature, its inhalation can cause depressions and functional disturbances in the central nervous system. Hence, this is anticipated to hamper the market growth.
Key Market Driver -
The increasing demand for the product from electronic and oil & gas industries to drive the market growth.
Key Market Restraint -
Hazardous nature of n methyl 2 pyrrolidone to hamper the market growth
Based on application, the n methyl 2 pyrrolidone market is segmented into electronics, oil & gas, agrochemicals, pharmaceuticals, paints and coatings, industrial cleaners, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the n methyl 2 pyrrolidone market include BASF SE, E. I. du Pont de Nemours and Company, Eastman Chemical Company, Mitsubishi Chemical Corporation, and Ashland Inc., Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd., Lyondellbasell, Hefei TNJ Chemical Industry Co., Ltd., Puyang Guangming Chemicals Co., Ltd., and Zhejiang Realsun Chemical Industry Co., Ltd.
North America is anticipated to witness the highest growth in the n methyl 2 pyrrolidone market. The growth can be attributed to the rising adoption of the product in the oil & gas industry. Additionally, the rapidly growing chemical industry in the countries such as China and India will offer lucrative market growth in this region. The high adoption of NMP in electronics will fuel the market growth in North America. In Europe, the market growth is associated with the increasing adoption of NMP in the pharmaceutical and paints & coatings industries. The Middle East & Africa is anticipated to witness significant growth, owing to rising product utilization in industrial cleaners. The rising product demand from agrochemicals will drive market growth in Latin America.
To gain extensive insights into the market, Request for Customization
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry