The global pyrrolidone market to grow at a CAGR of 5.65 % during the period 2018-2022.
Global Pyrrolidone Market 2018-2022, 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 Growing consumption in petrochemicals industry. Although pyrrolidones are used in a diversified range of industries, it is extensively used in the petrochemicals industry. N-methylpyrrolidone, a pyrrolidone derivative, is used as an extraction medium in petrochemicals industry to extract natural gas from a mixture of crude oil or gas.
Natural gas is an efficient fuel, which provides a cleaner alternative to coal and other fossil fuels resulting in lowering the carbon and other harmful emissions. With the rising demand for natural gas in developing nations as well as developed nations, the consumption of pyrrolidone will increase at a significant rate.
The latest trend gaining momentum in the market is increasing use in the pharmaceutical industry. Pyrrolidones are extensively used in pharmaceuticals and biomedical applications. For instance, Nmethylpyrrolidone is used as co-solvents or solvents in the pharmaceutical industry. As the use of pyrrolidones in pharmaceuticals is gaining attention, its adoption rate is increasing at a steady rate. It also acts as a very strong solubilizing agent; as solubilizing excipient used in parenteral and oral medications. It also finds extensive use as an important solvent for the extraction, purification, and crystallization of drugs. It is also used in veterinary medicines.
- Eastman Chemical Company
- LyondellBasell Industries Holdings
- Mitsubishi Chemical Corporation
- NIPPON SHOKUBAI
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 Product
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
Part 15: Appendix
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