Global N-methyl-2-pyrrolidone market to grow at a CAGR of 5.4% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the major drivers for this market is high demand from APAC. The N-methyl-2-pyrrolidone market in APAC is witnessing high growth. Owing to the rapid industrialization in countries such as China, India, Indonesia, and Vietnam, the region is growing at the fastest rate. The N-methyl-2-pyrrolidone market, despite adverse environmental effects, is driven by the macroeconomic factors such as rising gross domestic product (GDP), increasing middle-class population, rising per capita income, and growing end-use industries. In APAC region, the high demand for Nmethyl-2-pyrrolidone is attributed to the growing pharmaceutical, paints and coatings, and electronics industry.
The latest trend gaining momentum in the market is green pathway for producing N-methyl-2-pyrrolidone.
Further, the report states that one of the major factors hindering the growth of this market is toxic effects pertaining to the use of N-methyl-2-pyrrolidone.
- Eastman Chemical Company
- LyondellBasell Industries Holdings
- Mitsubishi Chemical Corporation
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Market Sizing
Part 06: Five Forces Analysis
Part 07: Market Segmentation by Application
Part 08: Customer Landscape
Part 09: Regional Landscape
Part 10: Decision Framework
Part 11: Drivers and Challenges
Part 12: Market Trends
Part 13: Vendor Landscape
Part 14: Vendor Analysis
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