Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Global N-Methyl-2-Pyrrolidone Market to Clock Nearly 6% CAGR During 2019-2027 to Touch Valuation of US$2 Bn by 2027: Transparency Market Research

This image opens in the lightbox

News provided by

Transparency Market Research

04 Feb, 2020, 10:00 GMT

Share this article

Share toX

Share this article

Share toX

Consumptions of N-Methyl-2-Pyrrolidone in several economies are driven by the competitiveness its use imparts to their battery manufacturing industries. Chemical manufacturers on the other hand are actively addressing the cost and safety concerns

ALBANY, New York, Feb. 4, 2020 /PRNewswire/ -- End-use industries in numerous industrialized are leveraging the advantages of its marked solvent characteristic—its ability to dissolve diverse compounds--and its marked non-volatility in myriad applications. Its use in wide array of applications will continue to proliferate, propelling the global N-Methyl-2-Pyrrolidone market to garner a CAGR of around 6% during 2019–2027. Valued at US$1.1 bn in 2018, the opportunities are anticipated to reach ~ US$ 2 bn.

"Various grades of N-Methyl-2-Pyrrolidone have attracted interest among manufacturers of consumer electronics and the semiconductor industry. End-use industries are either leaning on investing in recycling systems to meet emerging regulatory guidelines, or most have committed large research funds to develop better grades of the chemical to counter challenges from cost-effective substitutes", observed the analysts at TMR.

Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2405

Key Findings of the N-Methyl-2-Pyrrolidone Market Study

  • Electronics industry leads the pack among all the key applications in the N-Methyl-2-Pyrrolidone market
  • Of all the sub-segments in electronics applications, application of N-Methyl-2-Pyrrolidone in lithium battery manufacturing is prominent and features as one of the major areas of capitalization for market players
  • Among other applications, uptake in agrochemicals and semiconductor industries are offering considerable slice of revenues to players in emerging markets
  • In agriculture industry, N-Methyl-2-Pyrrolidone is extensively used in formulating environmentally friendly herbicides and pesticides

Explore 196 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on N-Methyl-2-Pyrrolidone Market by Application: Electronics [Lithium Battery Manufacturing and Others], Agrochemicals, Pharmaceutical Intermediates, Petroleum Refining, Cosmetics, and Coating Solvents & Industrial Intermediates, 2019 to 2027 at https://www.transparencymarketresearch.com/n-methyl-2-pyrrolidone-nmpo-market.html

N-Methyl-2-Pyrrolidone Market: Key Driving Factors

According to authors of the study on N-Methyl-2-Pyrrolidone market, the growth dynamic is characterized by multi-channel revenue prospects. A large degree of the momentum to the application stems from its miscibility with water. The compound has been utilized as a solvent in a relatively vast spectrum of industries, such as for dissolving paints and coatings, binder resins, and wide range of polymers. Growing uptake in manufacturing of pharmaceutical, microelectronics fabrication, and agrochemicals. A partial list of key commercial applications comprise use in manufacturing flexible polyimide copper clad board (FCCL), preparation of polyphenylene sulfide, and polyurethane coatings used in consumer electronics.

  • In a range of aforementioned applications, it is used as substitute for chlorinated hydrocarbons
  • A body of studies in developing and developed countries has reiterated the low toxicity of N-Methyl-2-Pyrrolidone. Hence it is used in drug formulation—both in parenteral and oral medications.
  • Growing use of N-Methyl-2-Pyrrolidone in hybrid state batteries is expanding the scope of commercialization in battery manufacturing applications. Hence, several economies practice recycling of the compound to attain cost-competitiveness in its use.

Key Impediments for N-Methyl-2-Pyrrolidone Market Players

Although the study has identified several revenue channels for chemical companies in the N-Methyl-2-Pyrrolidone (NMP) market. The threat of substitutes is markedly high for players aiming for sizable stakes in the market. A case in point is the advent of Dimethyl Sulfoxide (DMSO). Other restraining trends are"

  • Many industrial programs in various parts of the world are testing the market proposition of using alternative solvents, particularly water, for high-performance batteries. Though they haven't observed significant improvement in toxicity, the cost-effectiveness of a few substitutes stimulates such development activities.
  • Lithium-ion battery industries in developed markets are battling the regulatory pressures. A case in point is mandatory NMP level labelling in Europe and parts of the U.S.
  • Emerging markets such as Asia Pacific are also implementing environmental regulations that restrict the usage of N-Methyl-2-Pyrrolidone in all key applications.
  • Characterization of environmental hazard in all key regional markets points towards the human exposure risks associated with the NMP manufacturing.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/2405

N-Methyl-2-Pyrrolidone Market: Region-wise Analysis

The TMR report on N-Methyl-2-Pyrrolidone market takes a closer look at the growth dynamics influencing current and future revenue potential of various key markets. A few of the notable highlights are:

  • Of all key regions, Asia Pacific leads the pack presently, with major opportunities coming from vast production of the compound in India, Japan, and China. A large part of the production is fueling by the large appetite of in consumer electronics
  • Europe is expected to remain one of the most lucrative markets, driven by new avenue in the semiconductor industry

Analyze N-Methyl-2-Pyrrolidone market growth in 30+ countries including US, India, China, Japan, and ASEAN. Request a sample of the study.

Competition Landscape

Multinational chemical companies catering to electric vehicle production industry are expanding their manufacturing imprints. Several economies in Asia have committed sizable investments in the manufacturing of N-Methyl-2-Pyrrolidone, notably in meeting the needs of lithium-ion battery separator (LiBS) sectors. Several players are expected to adopt a multi-pronged strategy--both organic and inorganic—to consolidate their shares. Most players are also eyeing opportunities in emerging markets to maintain their competitiveness in the N-Methyl-2-Pyrrolidone market.

Numerous chemical producers in the N-Methyl-2-Pyrrolidone market are focusing on acquisitions and constant product innovations. The top three players accounted for a relatively sizable combined share in 2018. Prominent names comprise LyondellBasell Industries N.V., Eastman Chemical Company, Ashland Global, and BASF SE. Of all, LyondellBasell is keen on leading the pack by the end of the forecast period.

The study presented here is based on a report by Transparency Market Research (TMR) titled "N-Methyl-2-Pyrrolidone Market (Application: Electronics [Lithium Battery Manufacturing and Others], Agrochemicals, Pharmaceutical Intermediates, Petroleum Refining, Cosmetics, and Coating Solvents & Industrial Intermediates) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027."

The N-Methyl-2-Pyrrolidone market is segmented based on:

N-Methyl-2-Pyrrolidone market Application Outlook (Revenue, USD Million 2019-2027)

  • Electronics
    • Lithium Battery Manufacturing
    • Burr Removal
    • Photostripper
  • Agrochemicals
  • Pharmaceutical Intermediates
  • Petroleum Refining
  • Cosmetics
  • Coating Solvents & Industrial Intermediates

N-Methyl-2-Pyrrolidone market Region-wise Outlook (Revenue, USD Million 2019-2027)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Explore Transparency Market Research's award-winning coverage of the global Chemicals and Materials industry,

Activated Carbon Market - Rise in need of water filtration process and increase in demand for activated carbon in the air purification process are expected to drive the activated carbon market during forecast period.

Hot Melt Adhesives Market - Ethylene vinyl acetate, polyolefins, polyamides, polyurethanes and styrene block copolymer are the key product types of hot melt adhesives available in the global hot melt adhesives market.

Propane Market - The propane market is highly fragmented, with ~70% of the market share dominated by small- and medium-sized players. This increases scope for the growth of small- and medium-sized players of the propane market to innovate offerings such as funding for mobile platforms that offer the hassle-free delivery of propane.

Glycolic Acid Market - Cleaning agent application segment of the glycolic acid market is estimated to reach the production of ~28,500 tons by the end of 2027. Hence, manufacturers in the glycolic acid market are innovating in new cleaning agents.

Defoamers Market - The growth of the defoamers market can be attributed to the advancements in end-use industries such as agrochemicals, food and beverages, and oil and gas.

Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision."

Contact
Transparency Market Research
State Tower,|
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com 
Website: http://www.transparencymarketresearch.com 

Logo: https://mma.prnewswire.com/media/1085206/Transparency_Market_Research_Logo.jpg

Modal title

Also from this source

Ultra-high Purity Anhydrous Hydrogen Chloride (HCl) Gas Market to Reach USD 5.7 Billion by 2031, Expanding at a CAGR of 5.4% | TMR Report

Ultra-high Purity Anhydrous Hydrogen Chloride (HCl) Gas Market to Reach USD 5.7 Billion by 2031, Expanding at a CAGR of 5.4% | TMR Report

Over the last year, several companies have announced new semiconductor fabrication sites, especially in the U.S., India, and Europe. These...

Silicon Metal Market Size Projected to Expand to USD 10.7 Billion by 2031 Exhibiting 5.1% CAGR: Transparency Market Research, Inc.

Silicon Metal Market Size Projected to Expand to USD 10.7 Billion by 2031 Exhibiting 5.1% CAGR: Transparency Market Research, Inc.

The market was valued at US$ 6.9 billion in 2022. The Silicon Metal Market Growth is estimated to reach US$ 10.7 billion by the end of 2031,...

More Releases From This Source

Explore

Chemical

Chemical

Chemical

Chemical

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.