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N-Methyl-2-Pyrrolidone Trends and Forecast
The future of the global n-methyl-2-pyrrolidone market looks promising with opportunities in the petrochemicals, electronics, paints & coatings, agrochemicals and pharmaceuticals markets. The global n-methyl-2-pyrrolidone market is expected to reach an estimated $1.2 billion by 2030 with a CAGR of 4.2% from 2024 to 2030. The major drivers for this market are growing demand for lithium-ion batteries in electric vehicles and growing demand from pharmaceutical industry, and growing consumer demand for products in important markets including technology and oil and gas.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
N-Methyl-2-Pyrrolidone by Segment
The study includes a forecast for the global n-methyl-2-pyrrolidone by product type, application, and region.
N-Methyl-2-Pyrrolidone Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Electronic Grade
• Pharmaceutical Grade
• Industrial Grade
N-Methyl-2-Pyrrolidone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Petrochemicals
• Electronics
• Paints & Coatings
• Agrochemicals
• Pharmaceuticals
• Others
N-Methyl-2-Pyrrolidone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of N-Methyl-2-Pyrrolidone Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies n-methyl-2-pyrrolidone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the n-methyl-2-pyrrolidone companies profiled in this report include-
• BASF SE
• E. I. du Pont de Nemours and Company
• Eastman Chemical Company
• Mitsubishi Chemical Corporation
• Ashland Inc
N-Methyl-2-Pyrrolidone Market Insights
Lucintel forecasts that electronic grade is expected to witness the highest growth over the forecast period due to its use in lithium-ion battery production and semiconductor device manufacturing.
Within this market, electronics will remain the largest segment due to its widespread demand across various scales.
APAC is expected to witness highest growth over the forecast period due to growing lithium-ion battery production and growing pharmaceutical industry in the region.
Features of the Global N-Methyl-2-Pyrrolidone Market
Market Size Estimates: N-methyl-2-pyrrolidone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: N-methyl-2-pyrrolidone market size by product type, application, and region in terms of value ($B).
Regional Analysis: N-methyl-2-pyrrolidone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product type, application, and regions for the n-methyl-2-pyrrolidone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the n-methyl-2-pyrrolidone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the n-methyl-2-pyrrolidone market size?
Answer: The global n-methyl-2-pyrrolidone market is expected to reach an estimated $1.2 billion by 2030.
Q2. What is the growth forecast for n-methyl-2-pyrrolidone market?
Answer: The global n-methyl-2-pyrrolidone market is expected to grow with a CAGR of 4.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the n-methyl-2-pyrrolidone market?
Answer: The major drivers for this market are growing demand for lithium-ion batteries in electric vehicles and growing demand from pharmaceutical industry, and growing consumer demand for products in important markets including technology and oil and gas.
Q4. What are the major segments for n-methyl-2-pyrrolidone market?
Answer: The future of the n-methyl-2-pyrrolidone market looks promising with opportunities in the petrochemicals, electronics, paints & coatings, agrochemicals and pharmaceuticals markets.
Q5. Who are the key n-methyl-2-pyrrolidone market companies?
Answer: Some of the key n-methyl-2-pyrrolidone companies are as follows:
• BASF SE
• E. I. du Pont de Nemours and Company
• Eastman Chemical Company
• Mitsubishi Chemical Corporation
• Ashland Inc
Q6. Which n-methyl-2-pyrrolidone market segment will be the largest in future?
Answer: Lucintel forecasts that electronic grade is expected to witness the highest growth over the forecast period due to its use in lithium-ion battery production and semiconductor device manufacturing.
Q7. In n-methyl-2-pyrrolidone market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growing lithium-ion battery production and growing pharmaceutical industry in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the n-methyl-2-pyrrolidone market by product type (electronic grade, pharmaceutical grade, and industrial grade), application (petrochemicals, electronics, paints & coatings, agrochemicals, pharmaceuticals, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to N-Methyl-2-Pyrrolidone Market, N-Methyl-2-Pyrrolidone Market Size, N-Methyl-2-Pyrrolidone Market Growth, N-Methyl-2-Pyrrolidone Market Analysis, N-Methyl-2-Pyrrolidone Market Report, N-Methyl-2-Pyrrolidone Market Share, N-Methyl-2-Pyrrolidone Market Trends, N-Methyl-2-Pyrrolidone Market Forecast, N-Methyl-2-Pyrrolidone Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global N-Methyl-2-Pyrrolidone Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global N-Methyl-2-Pyrrolidone Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global N-Methyl-2-Pyrrolidone Market by Product Type
3.3.1: Electronic Grade
3.3.2: Pharmaceutical Grade
3.3.3: Industrial Grade
3.4: Global N-Methyl-2-Pyrrolidone Market by Application
3.4.1: Petrochemicals
3.4.2: Electronics
3.4.3: Paints & Coatings
3.4.4: Agrochemicals
3.4.5: Pharmaceuticals
3.4.6: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global N-Methyl-2-Pyrrolidone Market by Region
4.2: North American N-Methyl-2-Pyrrolidone Market
4.2.2: North American N-Methyl-2-Pyrrolidone Market by Application: Petrochemicals, Electronics, Paints & Coatings, Agrochemicals, Pharmaceuticals, and Others
4.3: European N-Methyl-2-Pyrrolidone Market
4.3.1: European N-Methyl-2-Pyrrolidone Market by Product Type: Electronic Grade, Pharmaceutical Grade, and Industrial Grade
4.3.2: European N-Methyl-2-Pyrrolidone Market by Application: Petrochemicals, Electronics, Paints & Coatings, Agrochemicals, Pharmaceuticals, and Others
4.4: APAC N-Methyl-2-Pyrrolidone Market
4.4.1: APAC N-Methyl-2-Pyrrolidone Market by Product Type: Electronic Grade, Pharmaceutical Grade, and Industrial Grade
4.4.2: APAC N-Methyl-2-Pyrrolidone Market by Application: Petrochemicals, Electronics, Paints & Coatings, Agrochemicals, Pharmaceuticals, and Others
4.5: ROW N-Methyl-2-Pyrrolidone Market
4.5.1: ROW N-Methyl-2-Pyrrolidone Market by Product Type: Electronic Grade, Pharmaceutical Grade, and Industrial Grade
4.5.2: ROW N-Methyl-2-Pyrrolidone Market by Application: Petrochemicals, Electronics, Paints & Coatings, Agrochemicals, Pharmaceuticals, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global N-Methyl-2-Pyrrolidone Market by Product Type
6.1.2: Growth Opportunities for the Global N-Methyl-2-Pyrrolidone Market by Application
6.1.3: Growth Opportunities for the Global N-Methyl-2-Pyrrolidone Market by Region
6.2: Emerging Trends in the Global N-Methyl-2-Pyrrolidone Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global N-Methyl-2-Pyrrolidone Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global N-Methyl-2-Pyrrolidone Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: BASF SE
7.2: E. I. du Pont de Nemours and Company
7.3: Eastman Chemical Company
7.4: Mitsubishi Chemical Corporation
7.5: Ashland Inc
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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