N-Methyl-2-Pyrrolidone 2025: Vendor Detail, Technologies, Regions, Applications,
Posted by Nicky Arora on October 24th, 2019
The Global N-Methyl-2-Pyrrolidone (NMP) Market is expected to reach USD 1.79 billion by 2025, according to a new report by Grand View Research, Inc. The NMP market is expected to witness significant growth over the forecast period owing to the increasing demand from Asia Pacific region.
NMP is used in a various applications including oil & gas, pharmaceutical, electronics, paints & coatings, agrochemicals and others. Emerging economies such as India are witnessing increasing FDI which is fueling the growth of industrial sector. Asia Pacific region is expected to witness higher growth rates owing to rapid urbanization in these countries coupled with per-capita disposable income levels.
Oil & gas dominated the market for NMP globally. The other key applications include electronics, pharmaceuticals, paints & coatings and agrochemicals.
Further key findings from the report suggest
Grand View Research has segmented the global NMP market on the basis of application and region:
NMP Market Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2025)
o Butadiene recovery
o BTX extraction
o Lube oil purification
o Penetration enhancer
o Photoresist stripper
NMP Market Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2025)
About Grand View Research:
Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
Grand View Research, Inc.
201 Spear Street 1100,
San Francisco, CA 94105
Toll Free: 1-888-202-9519
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About the AuthorNicky Arora
Joined: October 15th, 2019
Articles Posted: 389
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