A chemical compound known as n-methyl-2-pyrrolidone is a colorless to slightly yellow liquid, miscible in water and other solvents including chloroform, ethyl acetate, and benzene. N-methyl-2-pyrrolidone is also termed as n-methyl-2-pyrrolidone and 1-methyl-2-pyrrolidone. It is an organic compound consisting of a 5-membraned lactam and belongs to a dipolar aprotic solvent class. N-methyl-2-pyrrolidone is produced in an industrial ester-to-amide conversion, by the treatment of butyrolactone with methylamine. It is used to dissolve a varied range of chemicals in the areas of polymers because of its excellent solvency property. NNP also serves as a solvent for the surface treatment of resins, metal coated plastic, and textiles and is used in pharmaceutical industries for drug formulation.
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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.
The global n-methyl-2-pyrrolidone market is segmented on the basis of application and geography. On the basis of application, the market classify into oil and gas, pharmaceutical, electronics, paints & coatings, agrochemicals and others.
The key market players profiled in the report are: 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.
Key Insights that the report covers:
- Key drivers, restraints, and prevailing trends
- Market size, growth rate, and opportunities
- Market share and position of the top players
- PEST Analysis of the five major regions
- Detailed SWOT analysis of top 10 companies
- Recent developments and new product launches
- Major challenges faced by the market players
The report features the market study across five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. It includes country-wise analysis as well as the PEST analysis for these major regions. The impact of the political, economic, social, and technological factors on the market across these regions help in giving insightful knowledge of the favorable and unfavorable conditions for the major market players including manufacturers, investors, and shareholders.
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The market study also covers the critical details on the positions and hold of the influence of the top ten players on the market. It provides detailed analysis of these global players covering their market share, financial statements for last three years, recent developments and product launches for the past five years, a descriptive SWOT analysis, and the competitive landscape in detail. The report intends to give readers an accurate picture of the market and its state in the coming years.