N-Methyl-2-Pyrrolidone Market Key Players Analysis 2031
MARKET OVERVIEW
N-Methyl-2-pyrrolidone (NMP) is a clear, colorless solvent with a low boiling point and high solubility for polar and non-polar compounds. It is commonly used in various industrial applications including paints and coatings, electronic cleaning, and polymer processing. The primary end-users of NMP are the electronics, pharmaceuticals, and chemical manufacturing industries. The future market for NMP is expected to grow due to its increasing use in the production of high-tech electronics and as a solvent in advanced chemical processing techniques.
MARKET DYNAMICS
Burgeon in the application of n-methyl-2-pyrrolidone in the end use industries drives the growth of the n-methyl-2-pyrrolidone market. Along with this, exploding consumer electronic industry due to increase in demand of electronic products is also an anticipated driver of the market. However, there has been a downfall in the application of n-methyl-2-pyrrolidone in industrial cleaning, paints and coatings industry which has restrained the development of the n-methyl-2-pyrrolidone market. Flourishing agrochemical, petrochemical and pharmaceutical industries is expected to bolster the growth of the market in the long run.
MARKET SCOPE
The "Global N-Methyl-2-Pyrrolidine Market Analysis to 2031" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the n-methyl-2-pyrrolidone market with detailed market segmentation by application and geography. The global n-methyl-2-pyrrolidone market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading n-methyl-2-pyrrolidone players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global n-methyl-2-pyrrolidone market is segmented on the basis of application and geography. On the basis of application, the market classifies into oil and gas, pharmaceutical, electronics, paints & coatings, agrochemicals, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the n-methyl-2-pyrrolidone market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The n-methyl-2-pyrrolidone market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the n-methyl-2-pyrrolidone market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the n-methyl-2-pyrrolidone market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the n-methyl-2-pyrrolidone market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The n-methyl-2-pyrrolidone market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the n-methyl-2-pyrrolidone market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the n-methyl-2-pyrrolidone market in these regions.
MARKET PLAYERS
The reports cover key developments in the n-methyl-2-pyrrolidone market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from n-methyl-2-pyrrolidone market are anticipated to lucrative growth opportunities in the future with the rising demand for n-methyl-2-pyrrolidone in the global market. Below mentioned is the list of few companies engaged in the n-methyl-2-pyrrolidone market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the n-methyl-2-pyrrolidone market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Ashland Inc.
- BASF SE
- Binzhou Yuneng Chemicals Co., Ltd.
- Hefei TNJ Chemical Industry Co., Ltd.
- LyondellBasell
- Puyang Guangming Chemicals Co., Ltd.
- Puyang MYJ Technology Co., Ltd.
- Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd.
- Taizhou Yanling Fine Chemicals Co., Ltd.
- Zhejiang Realsun Chemical Co., Ltd.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 N-Methyl-2-Pyrrolidone Market - By Application
1.3.2 N-Methyl-2-Pyrrolidone Market - By Region
1.3.2.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. N-METHYL-2-PYRROLIDONE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. N-METHYL-2-PYRROLIDONE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. N-METHYL-2-PYRROLIDONE MARKET - GLOBAL MARKET ANALYSIS
6.1. N-METHYL-2-PYRROLIDONE - GLOBAL MARKET OVERVIEW
6.2. N-METHYL-2-PYRROLIDONE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. N-METHYL-2-PYRROLIDONE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. OIL AND GAS
7.3.1. Overview
7.3.2. Oil and Gas Market Forecast and Analysis
7.4. PHARMACEUTICALS
7.4.1. Overview
7.4.2. Pharmaceuticals Market Forecast and Analysis
7.5. ELECTRONICS
7.5.1. Overview
7.5.2. Electronics Market Forecast and Analysis
7.6. PAINTS AND COATINGS
7.6.1. Overview
7.6.2. Paints and Coatings Market Forecast and Analysis
7.7. AGROCHEMICALS
7.7.1. Overview
7.7.2. Agrochemicals Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. N-METHYL-2-PYRROLIDONE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1 North America N-Methyl-2-Pyrrolidone Market Overview
8.1.2 North America N-Methyl-2-Pyrrolidone Market Forecasts and Analysis
8.1.3 North America N-Methyl-2-Pyrrolidone Market Forecasts and Analysis - By Application
8.1.4 North America N-Methyl-2-Pyrrolidone Market Forecasts and Analysis - By Countries
8.1.4.1 Canada N-Methyl-2-Pyrrolidone Market
8.1.4.1.1 Canada N-Methyl-2-Pyrrolidone Market by Application
8.1.4.2 Mexico N-Methyl-2-Pyrrolidone Market
8.1.4.2.1 Mexico N-Methyl-2-Pyrrolidone Market by Application
8.1.4.3 US N-Methyl-2-Pyrrolidone Market
8.1.4.3.1 US N-Methyl-2-Pyrrolidone Market by Application
8.2. EUROPE
8.2.1 Europe N-Methyl-2-Pyrrolidone Market Overview
8.2.2 Europe N-Methyl-2-Pyrrolidone Market Forecasts and Analysis
8.2.3 Europe N-Methyl-2-Pyrrolidone Market Forecasts and Analysis - By Application
8.2.4 Europe N-Methyl-2-Pyrrolidone Market Forecasts and Analysis - By Countries
8.2.4.1 Germany N-Methyl-2-Pyrrolidone Market
8.2.4.1.1 Germany N-Methyl-2-Pyrrolidone Market by Application
8.2.4.2 France N-Methyl-2-Pyrrolidone Market
8.2.4.2.1 France N-Methyl-2-Pyrrolidone Market by Application
8.2.4.3 Italy N-Methyl-2-Pyrrolidone Market
8.2.4.3.1 Italy N-Methyl-2-Pyrrolidone Market by Application
8.2.4.4 United Kingdom N-Methyl-2-Pyrrolidone Market
8.2.4.4.1 United Kingdom N-Methyl-2-Pyrrolidone Market by Application
8.2.4.5 Russia N-Methyl-2-Pyrrolidone Market
8.2.4.5.1 Russia N-Methyl-2-Pyrrolidone Market by Application
8.2.4.6 Rest of Europe N-Methyl-2-Pyrrolidone Market
8.2.4.6.1 Rest of Europe N-Methyl-2-Pyrrolidone Market by Application
8.3. ASIA-PACIFIC
8.3.1 Asia-Pacific N-Methyl-2-Pyrrolidone Market Overview
8.3.2 Asia-Pacific N-Methyl-2-Pyrrolidone Market Forecasts and Analysis
8.3.3 Asia-Pacific N-Methyl-2-Pyrrolidone Market Forecasts and Analysis - By Application
8.3.4 Asia-Pacific N-Methyl-2-Pyrrolidone Market Forecasts and Analysis - By Countries
8.3.4.1 Australia N-Methyl-2-Pyrrolidone Market
8.3.4.1.1 Australia N-Methyl-2-Pyrrolidone Market by Application
8.3.4.2 China N-Methyl-2-Pyrrolidone Market
8.3.4.2.1 China N-Methyl-2-Pyrrolidone Market by Application
8.3.4.3 India N-Methyl-2-Pyrrolidone Market
8.3.4.3.1 India N-Methyl-2-Pyrrolidone Market by Application
8.3.4.4 Japan N-Methyl-2-Pyrrolidone Market
8.3.4.4.1 Japan N-Methyl-2-Pyrrolidone Market by Application
8.3.4.5 South Korea N-Methyl-2-Pyrrolidone Market
8.3.4.5.1 South Korea N-Methyl-2-Pyrrolidone Market by Application
8.3.4.6 Rest of Asia-Pacific N-Methyl-2-Pyrrolidone Market
8.3.4.6.1 Rest of Asia-Pacific N-Methyl-2-Pyrrolidone Market by Application
8.4. MIDDLE EAST AND AFRICA
8.4.1 Middle East and Africa N-Methyl-2-Pyrrolidone Market Overview
8.4.2 Middle East and Africa N-Methyl-2-Pyrrolidone Market Forecasts and Analysis
8.4.3 Middle East and Africa N-Methyl-2-Pyrrolidone Market Forecasts and Analysis - By Application
8.4.4 Middle East and Africa N-Methyl-2-Pyrrolidone Market Forecasts and Analysis - By Countries
8.4.4.1 South Africa N-Methyl-2-Pyrrolidone Market
8.4.4.1.1 South Africa N-Methyl-2-Pyrrolidone Market by Application
8.4.4.2 Saudi Arabia N-Methyl-2-Pyrrolidone Market
8.4.4.2.1 Saudi Arabia N-Methyl-2-Pyrrolidone Market by Application
8.4.4.3 U.A.E N-Methyl-2-Pyrrolidone Market
8.4.4.3.1 U.A.E N-Methyl-2-Pyrrolidone Market by Application
8.4.4.4 Rest of Middle East and Africa N-Methyl-2-Pyrrolidone Market
8.4.4.4.1 Rest of Middle East and Africa N-Methyl-2-Pyrrolidone Market by Application
8.5. SOUTH AND CENTRAL AMERICA
8.5.1 South and Central America N-Methyl-2-Pyrrolidone Market Overview
8.5.2 South and Central America N-Methyl-2-Pyrrolidone Market Forecasts and Analysis
8.5.3 South and Central America N-Methyl-2-Pyrrolidone Market Forecasts and Analysis - By Application
8.5.4 South and Central America N-Methyl-2-Pyrrolidone Market Forecasts and Analysis - By Countries
8.5.4.1 Brazil N-Methyl-2-Pyrrolidone Market
8.5.4.1.1 Brazil N-Methyl-2-Pyrrolidone Market by Application
8.5.4.2 Argentina N-Methyl-2-Pyrrolidone Market
8.5.4.2.1 Argentina N-Methyl-2-Pyrrolidone Market by Application
8.5.4.3 Rest of South and Central America N-Methyl-2-Pyrrolidone Market
8.5.4.3.1 Rest of South and Central America N-Methyl-2-Pyrrolidone Market by Application
9. INDUSTRY LANDSCAPE
9.1. MERGERS AND ACQUISITIONS
9.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
9.3. NEW PRODUCT LAUNCHES
9.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
10. N-METHYL-2-PYRROLIDONE MARKET, KEY COMPANY PROFILES
10.1. ASHLAND INC.
10.1.1. Key Facts
10.1.2. Business Description
10.1.3. Products and Services
10.1.4. Financial Overview
10.1.5. SWOT Analysis
10.1.6. Key Developments
10.2. BASF SE
10.2.1. Key Facts
10.2.2. Business Description
10.2.3. Products and Services
10.2.4. Financial Overview
10.2.5. SWOT Analysis
10.2.6. Key Developments
10.3. BINZHOU YUNENG CHEMICALS CO., LTD.
10.3.1. Key Facts
10.3.2. Business Description
10.3.3. Products and Services
10.3.4. Financial Overview
10.3.5. SWOT Analysis
10.3.6. Key Developments
10.4. HEFEI TNJ CHEMICAL INDUSTRY CO., LTD.
10.4.1. Key Facts
10.4.2. Business Description
10.4.3. Products and Services
10.4.4. Financial Overview
10.4.5. SWOT Analysis
10.4.6. Key Developments
10.5. LYONDELLBASELL
10.5.1. Key Facts
10.5.2. Business Description
10.5.3. Products and Services
10.5.4. Financial Overview
10.5.5. SWOT Analysis
10.5.6. Key Developments
10.6. PUYANG GUANGMING CHEMICALS CO., LTD.
10.6.1. Key Facts
10.6.2. Business Description
10.6.3. Products and Services
10.6.4. Financial Overview
10.6.5. SWOT Analysis
10.6.6. Key Developments
10.7. PUYANG MYJ TECHNOLOGY CO., LTD.
10.7.1. Key Facts
10.7.2. Business Description
10.7.3. Products and Services
10.7.4. Financial Overview
10.7.5. SWOT Analysis
10.7.6. Key Developments
10.8. SHANDONG QINGYUN CHANGXIN CHEMICAL SCIENCE-TECH CO., LTD.
10.8.1. Key Facts
10.8.2. Business Description
10.8.3. Products and Services
10.8.4. Financial Overview
10.8.5. SWOT Analysis
10.8.6. Key Developments
10.9. TAIZHOU YANLING FINE CHEMICALS CO., LTD.
10.9.1. Key Facts
10.9.2. Business Description
10.9.3. Products and Services
10.9.4. Financial Overview
10.9.5. SWOT Analysis
10.9.6. Key Developments
10.10. ZHEJIANG REALSUN CHEMICAL CO., LTD.
10.10.1. Key Facts
10.10.2. Business Description
10.10.3. Products and Services
10.10.4. Financial Overview
10.10.5. SWOT Analysis
10.10.6. Key Developments
11. APPENDIX
11.1. ABOUT THE INSIGHT PARTNERS
11.2. GLOSSARY OF TERMS
The List of Companies
- Ashland Inc.
- BASF SE
- Binzhou Yuneng Chemicals Co., Ltd.
- Hefei TNJ Chemical Industry Co., Ltd.
- LyondellBasell
- Puyang Guangming Chemicals Co., Ltd.
- Puyang MYJ Technology Co., Ltd.
- Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd.
- Taizhou Yanling Fine Chemicals Co., Ltd.
- Zhejiang Realsun Chemical Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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