Sustainable Renaissance: The N-Methyl Pyrrolidone (NMP) Market Thrives as Sustainability Imperatives, Green Chemistry Initiatives, and Technological Breakthroughs Combine Forces to Propel Growth
Category: Chemicals & Materials Published Date : Oct-23 ID: CVC01128 Format: PDF Pages: 300
N-Methyl Pyrrolidone (NMP) Industry Outlook
As per rigorous research by ChemView Consulting, our analysts forecast that the global N-methyl pyrrolidone (NMP) market is anticipated to reach USD 1,580 million and grow at a 5.9% CAGR during 2023 to 2033.
Key Findings on the N-Methyl Pyrrolidone (NMP) Sector
1. Which is the largest market for N-methyl pyrrolidone?
The biggest marketplace is East Asia. As per our analysis, Europe holds nearly 42.3% of the industry share.
2. What is the largest application segment within the NMP market?
As per ChemView Consulting, the largest segment by application is paints and coatings. As per our analysis, this segment accounts for nearly 36% of total revenues.
3. At what rate is the n-methyl pyrrolidone (NMP) industry expected to grow?
The N-methyl pyrrolidone (NMP) market is expected to grow at a CAGR of 5.9% during the period 2023–2033.
4. What are the major trends influencing the industry trends?
5. Who are the leading players in the N-methyl pyrrolidone market?
The key companies in the industry landscape are Ashland, Eastman Chemical Company, BASF SE, LyondellBasell Industries Holdings B.V., and Mitsubishi Chemical Corporation, amongst others.
Key Drivers for N-Methyl Pyrrolidone (NMP) Demand
Factors Hindering the Market Growth for N-Methyl Pyrrolidone (NMP)
Rising N-Methyl Pyrrolidone (NMP) Demand in the United States
N-Methyl Pyrrolidone (NMP) Demand Projection for China
Paints & Coatings Sub-segment Projected to be at the Forefront of the Market by Application
Preferred Grades of N-Methyl Pyrrolidone (NMP) in the Market
Prominent Strategies Employed by NMP Manufacturers
Leading N-methyl pyrrolidone (NMP) manufacturers are actively engaging in research and development initiatives to enhance their product portfolios, tailoring their offerings to meet evolving consumer requirements and market demands.
Key players in the NMP market are strategically focused on augmenting their production capacities, often through acquisitions of smaller market players, to fortify their market positions.
To address domestic demand efficiently and optimize costs, many end users and distributors opt for N-methyl pyrrolidone (NMP) imports from other countries. However, market players face a notable challenge in the form of the emergence of alternative products.
1.1. Global Market Outlook
1.2. Technology Roadmap
1.3. Supply and Demand Side Trends
1.4. Strategic Success Factors
1.5. Analysis and Recommendations
2.1. Market Taxonomy
2.2. Market Definitions
2.3. Inclusions & Limitations
3.1. Supply Side Overview
3.2. Demand Side Overview
4.1. Macroeconomic Factors
4.2. Forecast Factors
4.3. PEST Analysis
4.4. Porter’s Five Forces
4.5. Value Chain Analysis
4.6. Market Dynamics
4.7. Patent Analysis
4.8. Trade Analysis
4.9. Investment Feasibility Matrix
4.10. Challenges for New Entrants
4.11. Regulations Overview
4.12. Covid-19 Impact Assessment
4.12.1. Economy/Cluster Projections
4.12.2. Covid-19 Economic Assessment
4.12.3. Potential Impact on Target Market
4.12.4. Recovery Scenario
5.1. Historical Value ($ Mn) and Future Market Value ($ Mn) Projection Analysis
5.2. Demand Y-o-Y Growth Rate Analysis
5.3. Total $ Opportunity Analysis
5.4. Historical Volume (Tons) and Future Market Volume (Tons) Projection Analysis
6.1. Regional Pricing Analysis By Grade
6.2. Regional Price Forecast
6.3. Profit Margin Analysis
6.4. Future Price Impact Factors
7.2. Market Trends
7.3. Historical Market Analysis and Market Forecast Analysis
7.3.1. N Standard
7.4. Market Attractiveness Analysis
8.2. Market Trends
8.3. Historical Market Analysis and Market Forecast Analysis
8.3.1. Petrochemical Processing
8.3.2. Paints & Coatings
8.3.3. Industrial Cleaners
8.4. Market Attractiveness Analysis
9.2. Market Trends
9.3. Historical Market Analysis and Market Forecast Analysis
9.3.1. North America
9.3.2. Latin America
9.3.4. East Asia
9.3.5. South Asia & Pacific
9.3.6. The Middle East & Africa
9.4. Market Attractiveness Analysis by Region
10.2. Key Market Trends
10.3. Pricing Analysis
10.4. Historical Market Analysis and Market Forecast Analysis
10.4.1. By Country
10.4.1.1. The U.S.
10.4.2. By Grade
10.4.3. By Application
10.5. Market Attractiveness Analysis
10.5.1. By Country
10.5.2. By Grade
10.5.3. By Application
10.6. Market Participants Presence Mapping
11.2. Key Market Trends
11.3. Pricing Analysis
11.4. Historical Market Analysis and Market Forecast Analysis
11.4.1. By Country
18.104.22.168. Rest of L.A.
11.4.2. By Grade
11.4.3. By Application
11.5. Market Attractiveness Analysis
11.5.1. By Country
11.5.2. By Grade
11.5.3. By Application
11.6. Market Participants Presence Mapping
12.2. Key Market Trends
12.3. Pricing Analysis
12.4. Historical Market Analysis and Market Forecast Analysis
12.4.1. By Country
22.214.171.124. Rest of Europe
12.4.2. By Grade
12.4.3. By Application
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Grade
12.5.3. By Application
12.6. Market Participants Presence Mapping
13.2. Key Market Trends
13.3. Pricing Analysis
13.4. Historical Market Analysis and Market Forecast Analysis
13.4.1. By Country
126.96.36.199. South Korea
13.4.2. By Grade
13.4.3. By Application
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Grade
13.5.3. By Application
13.6. Market Participants Presence Mapping
14.2. Key Market Trends
14.3. Pricing Analysis
14.4. Historical Market Analysis and Market Forecast Analysis
14.4.1. By Country
188.8.131.52. Rest of SAP
14.4.2. By Grade
14.4.3. By Application
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Grade
14.5.3. By Application
14.6. Market Participants Presence Mapping
15.2. Key Market Trends
15.3. Pricing Analysis
15.4. Historical Market Analysis and Market Forecast Analysis
15.4.1. By Country
184.108.40.206. GCC Countries
220.127.116.11. South Africa
18.104.22.168. Rest of MEA
15.4.2. By Grade
15.4.3. By Application
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Grade
15.5.3. By Application
15.6. Market Participants Presence Mapping
16.1. Market Concentration Analysis
16.2. Tier Structure Breakdown
16.3. Market Share Analysis
16.4. Production Capacity Analysis
16.5. Key Strategies Adopted by Top Players
16.6. Start-up Ecosystem
16.6.1. New Player Entry
16.6.2. Strategies Adopted by New Players
16.7. Company Footprint Analysis
16.7.1. Vehicle Type Footprint
16.7.2. Regional Footprint
16.8. Competitive Dashboard
17.1. C Hefei TNJ Chemical Industry Co. Ltd.
17.2. LyondellBasell Industries NV
17.3. Binzhou City Zhanhua District Ruian Chemical Co. Ltd.
17.4. Eastman Chemical Company
17.5. Zhejiang Realsun Chemical Co. Ltd.
17.6. Binzhou Yuneng Chemical Co. Ltd.
17.7. Balaji Amines
17.8. Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd.
17.9. Hefei Tengchao Chemical Material Co. Ltd.
17.10. Puyang Guangming Chemicals Co. Ltd.
17.11. BASF SE
17.12. Mitsubishi Chemical Corporation
17.13. Ashland Inc.
17.14. Shanghai Poochun Industry Co. Ltd.