Quick Summary:
The global N-Methyl-2-Pyrrolidone (NMP) market is poised for significant growth, opening up a plethora of opportunities for industry players and investors alike. Estimations predict a rise from US$884.7 Million in 2022 to an impressive US$1.4 Billion by 2030, representing a substantial expansion of the market. Sectors including Petrochemicals and Electronics are contributing majorly towards this growth trend and opening new vistas of investment.
This deep-dive market research report offers vital, data-driven insights into the evolving NMP market, shining a spotlight on key geographic regions including the U.S., China, Japan, Canada, and Germany. Accompanied by a comprehensive competitor analysis, featuring 12 significant industry players, the report is an indispensable resource for decision-makers aiming to stay ahead in the market. This report serves as a powerful tool to navigate the dynamic NMP landscape, stay aligned to market trends, and harness new growth avenues.
Global N-Methyl-2-Pyrrolidone (NMP) Market to Reach $1.4 Billion by 2030
The global market for N-Methyl-2-Pyrrolidone (NMP) estimated at US$884.7 Million in the year 2022, is projected to reach a revised size of US$1.4 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2022-2030. Petrochemicals, one of the segments analyzed in the report, is projected to record 6.2% CAGR and reach US$443.1 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Electronics segment is readjusted to a revised 6.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $236.5 Million, While China is Forecast to Grow at 8.7% CAGR
The N-Methyl-2-Pyrrolidone (NMP) market in the U.S. is estimated at US$236.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$314.9 Million by the year 2030 trailing a CAGR of 8.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 5.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.Select Competitors (Total 12 Featured) -
- Abtonsmart Chemicals (Group) Co., Ltd.
- Ashland, Inc.
- Balaji Amines Ltd.
- BASF SE
- Eastman Chemical Company
- Hefei TNJ Chemical Industry Co., Ltd.
- LyondellBasell Industries NV
- Mitsubishi Chemical Corporation
- Puyang Guangming Chemicals Co., Ltd
- Santa Cruz Biotechnology, Inc.
- Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd.
- Tokyo Chemical Industry Co., Ltd.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for N-Methyl-2-Pyrrolidone (NMP)?
What is the growth rate of the Global Market for N-Methyl-2-Pyrrolidone (NMP)?
What is the forecasted size of the Global Market for N-Methyl-2-Pyrrolidone (NMP)?
Who are the key companies in the Global Market for N-Methyl-2-Pyrrolidone (NMP)?
| Report Attribute | Details |
|---|---|
| No. of Pages | 179 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 884.7 Million |
| Forecasted Market Value ( USD | $ 1400 Million |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Abtonsmart Chemicals (Group) Co., Ltd.
- Ashland, Inc.
- Balaji Amines Ltd.
- BASF SE
- Eastman Chemical Company
- Hefei TNJ Chemical Industry Co., Ltd.
- LyondellBasell Industries NV
- Mitsubishi Chemical Corporation
- Puyang Guangming Chemicals Co., Ltd
- Santa Cruz Biotechnology, Inc.
- Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd.
- Tokyo Chemical Industry Co., Ltd.
