1. Market Research
  2. > Chemical Market Trends
N-Methyl-2-pyrrolidone Market by Application and Region - Global Forecast to 2022

N-Methyl-2-pyrrolidone Market by Application and Region - Global Forecast to 2022

  • March 2018
  • 96 pages
  • ID: 5362653
  • Format: PDF
  • By MarketsandMarkets

Summary

Table of Contents

Search Inside

NMP market is projected to grow at a CAGR of 6.8%, in terms of value, between 2017 and 2022.
The NMP market size is expected to grow from USD 572.5 million in 2017 to reach USD 795.8 million by 2022, at a CAGR of 6.8% between 2017 and 2022. NMP is a polar aprotic solvent used in several industries, such as petrochemicals, pharmaceuticals, and agrochemicals. It is widely used in the production of lithium-ion batteries, the demand for which is growing rapidly. This demand can be attributed to the increased production of electric vehicles across the globe. The growing lithium-ion battery production is expected to be a major driver for the NMP market during the forecast period. However, the high cost and rising health concerns related to the manufacturing and use of NMP are restraining the growth of the market. Several NMP users are investing in R&D to develop an alternative to NMP to minimize the cost involved and avoid future regulations.

Based on application, the electronics segment of the NMP market is projected to grow at the highest CAGR between 2017 and 2022.
NMP is used in electronics as a solvent during the manufacturing of lithium-ion batteries, as a photoresist stripper in the manufacturing of semiconductor devices, and as a cleaning reagent for electronic devices. NMP is also used as a solvent to produce PCBs, polyamide/polyimide wire enamels, along with epoxy and polyurethane coatings.

Lithium-ion battery manufacturers are investing in R&D to develop a substitute of NMP.Efforts are being made by them to replace NMP/PVDF couple in batteries with the water/elastomer couple.

In addition, chemicals such as NEP are being tested to replace NMP. However, any such replacement was not observed on an industrial scale.

Asia Pacific is estimated to be the largest market for NMP in 2017.
Asia Pacific is estimated to be the largest market for NMP, and this dominance is expected to continue during the forecast period.China is a key market in the region, accounting for more than half of the demand for NMP in Asia Pacific, followed by Japan, South Korea, and India, where consumption is growing at a steady rate.

India is emerging as an important NMP market, as there are lithium-ion battery production facilities being established in the country.

Extensive primary interviews were conducted to determine and verify the market size of various segments and subsegments of the NMP market.

The break-up of primary interviews is given below:
• By Company Type - Tier 1 – 27%, Tier 2 – 50%, and Tier 3 – 23%
• By Designation - C level – 23%, Director Level – 26, and Others – 51%
• By Region - North America – 10%, Europe – 30%, Asia Pacific– 52%, and RoW- 8%

Key companies operating in the NMP market are Ashland (US), BASF (Germany), Eastman (US), Lyondellbasell (US), Mitsubishi Chemical Corporation (Japan), and Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd. (China).

Research Coverage:
This research report categorizes the NMP market on the basis of application and region.The report includes detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the NMP market.

A detailed analysis of the key industry players has been undertaken to provide insights on the businesses and the products & services offered by them. The report also discusses key strategies, such as expansions, mergers & acquisitions, new product developments, and agreements adopted by the leading players to strengthen their positions in the NMP market.

Reasons to Buy the Report

The report is expected to help market leaders/new entrants in this market in the following ways:
1. This report segments the NMP market comprehensively and provides closest approximations of the sizes for the overall market and its subsegments across different regions.

2. The report is expected to help stakeholders understand the pulse of the market and provide them information on key market drivers, such as restraints, challenges, and opportunities influencing the growth of the NMP market.

This report is expected to help stakeholders understand major competitors in the NMP market and gain insights to enhance their positions. The competitive landscape section includes detailed information on expansions, acquisitions, and new product developments in the market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Lithium-ion Battery Market - Growth, Trends, and Forecast (2019 - 2024)

Lithium-ion Battery Market - Growth, Trends, and Forecast (2019 - 2024)

  • $ 4250
  • October 2019

Market OverviewThe market for lithium-ion battery is expected to register a CAGR of approximately 22%, during the forecast period (2019-2024). Major factors driving the market studied are the emergence ...

Tissue Sealants - Medical Devices Pipeline Assessment, 2019

Tissue Sealants - Medical Devices Pipeline Assessment, 2019

  • $ 4000
  • December 2019

Tissue Sealants - Medical Devices Pipeline Assessment, 2019Summary Medical Devices sector report, “Tissue Sealants - Medical Devices Pipeline Assessment, 2019" provides an overview of Tissue Sealants ...

Power Bank Market by Capacity, Units of USB Port, Indicator, Battery Type, Application And Region - Global Forecast to 2024

Power Bank Market by Capacity, Units of USB Port, Indicator, Battery Type, Application And Region - Global Forecast to 2024

  • $ 4950
  • October 2019

Growing adoption of wearable devices is propelling the growth of the power bank marketThe global power bank market size is expected to grow at a CAGR of 10.8% from 2019 to 2024, reaching USD 17.9 billion ...


ref:plp2018

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on