N-Methyl-2-Pyrrolidone (NMP) Market Outlook To 2024: Key Application Categories (Electronics, Petrochemical Processing, Agrochemicals, Pharmaceuticals, Paints & Coatings, Industrial Cleaners), Regional Segmentation, Competitive Dynamics, Pricing Analysis (OPP, IPP, RAP) And Segment Forecast

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The global N-Methyl-2-Pyrrolidone (NMP) market was valued at $1.12 billion in 2016 and is forecast to grow at a steady CAGR of 5.7% between 2017 and 2024, culminating in 2024 global revenue of $1.71 billion.

 

The unique properties exhibited by NMP is manifesting it valuable solvent in Petroleum & Petrochemical, agrochemicals, pharmaceuticals, electronics, paints & coatings and many more.

 

N-Methyl-2-Pyrrolidone (NMP) Market 2024

 

Key Product Categories & Technologies

 

NMP is an Organic solvent, which is colorless in its pure form with high solvency and belongs to polar aprotic solvent group. Having an advantage over other solvents, NMP is widely used in Petrochemical and Petroleum Industries. The major uses of NMP are in the extraction of pure hydrocarbons and desulphurization of gases. It is also used as an extraction solvent in lube oil processing and reaction medium for polymers. Though there is instability in the petroleum market, Petrochemical sector is emerging and the NMP market revenue is expected grow to 170 million USD by 2024. To this growth Contribution of North America and Asia Pacific region together is expected to be 62%

 

In electronic industry NMP is used for manufacturing of Printed Circuit boards (making PCB holes conductive), used as a photoresist stripper and degreasing and coating polyamides. Due to the overall growth of electronic industry, demand of NMP is automatically increased and it is expected to contribute 26% to the market revenue by 2024.

 

In Agriculture Industry NMP is used as a solvent or co-solvent for insecticides and pesticides and also used as a reaction medium for active ingredient or compound synthesis. Wide varieties of sector application is driving the growth in production of NMP, pharmaceutical, agrichemical & paints and coating industries are expected to demand 56000, 51000 and 56000 tons of NMP by 2020.

 

Technology outlook

 

NMP is produced by ester to amide conversion by treating Butyrolactone. There is a need for new technologies or optimization of existing technology to serve the demand. Johnson Matthey have developed a novel DAVY process which is non catalytic, low cost, optimized heat integrated process for producing n-methyl-2-pyrrolidone (NMP) from methylamine and gamma Butyrolactone. To overcome Environmental and health hazards, new processes using biomass is getting bright recommendation. Pacific Northwest National Lab (PNNL) has developed a simple multi-step process involving both catalytic and non-catalytic events which efficiently converts succinic acid into NMP.

 

Top Players & Company Share

 

Global NMP market is driven by major key players like BASF, Dupont, Mitsubishi Chemical, LyondellBasell, Nanjing Jinlong, Balaji Amines, Eastman Chemical Company, Ashland Inc, Abtonsmart Chemical (Group) Co. Ltd. Among the total market, top 5 companies are sharing more than 60% of the market share

 

Growth Drivers & Restraints, Major Trends and Issues

 

The growth of the end user industries are expected to increase in forecast year and which will drive the growth of NMP market. In addition, huge demand from developing countries, especially from those in Asia Pacific region, is expected to boost the growth of global NMP market between 2015 and 2024. Consumer electronics industry is expected to stimulate the demand for NMP in order to meet the electronics production requirement on a global level. However, N-Methyl-2-Pyrrolidone has been identified developmental toxin by environmental regulatory bodies across the globe, especially in Europe and North America. NMP in applications such as paints & coatings and industrial cleaners can have strict regulations in the future, especially in Europe and North America. This is likely to slower the growth of NMP market in few applications.

 

 

 

Competitive Dynamics & End market mix

 

UCB AND DuPont have signed a letter of intent to manufacture and market n-methyl 2-pyrrolidone (NMP) at UCB’s site in Ghent, Belgium. The 50:50 joint ventures will build a 10 000 tons/year plant. The venture, which will have sales of 28 million USD, will market NMP worldwide, focusing on Europe. BASF is building ultrapure NMP plant in Japan and existing NMP production plants at Ludwigshafen in Germany (18 000 tons/year capacity) and Geismar, Louisiana (25 000 tons/year). Lyondellbasell is available geographically in Africa-Middle East, Asia-Pacific, Australia and New Zealand, Europe, North America

 

Conclusion

 

Asia Pacific accounted for the largest share of N-Methyl-2-Pyrrolidone in the market worldwide. It accounted for more than 40% share of global N-Methyl-2-Pyrrolidone market at 7.5% CAGR. Europe and North America on other side are expected to slower growth as regards consumption of NMP registering CAGR (2015-2024) of 3.4% and 4.05% respectively in terms of market value. This report provides factors about current markets trends, technologies, and market drivers. Provides market and technology projections for the upcoming years including the present technology and trends

 

This report provides comprehensive analysis of,

 

  • Market growth drivers
  • Top players
  • Global regional insights
  • Technology outlook

Regional outlook

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Application Outlook

  • Oil and Gas, Petrochemicals
  • Pharmaceutical
  • Electronics

Chapter 1 Methodology and Scope

  • Research Methodology
  • Research Scope & Assumptions
  • List of Data Sources

Chapter 2 Executive Summary

Chapter 3 N-Methyl-2-Pyrrolidone (NMP) Overview

  • Market Ecosystem
  • Key Stakeholders
  • Industry Trends & Analysis

Chapter 4 N-Methyl-2-Pyrrolidone (NMP) Industry Outlook

  • Market Overview
  • Market Segmentation
  • Market Size & Growth Prospects
  • Market Analysis By Product
  • Market Analysis By Application
  • Leading Brand Dynamics
  • Key Market Drivers
    • Growth of consumer electronics industry in Southeast Asia
    • Increasing demand from pharmaceutical industry
  • Key Market Challenges/ Restraints
    • Stringent regulatory environment
  • Key Market Opportunities
    • Rising technological innovations
    • Growing agrochemicals production
  • Major Trends & Issues
  • Penetration & Growth Prospects
  • Industry Analysis - Porter’s
  • N-Methyl-2-Pyrrolidone (NMP) Market-PESTEL Analysis
  • Technology Landscape

Chapter 5: Pipeline Intelligence

  • Executive Summary
  • Upcoming/ Emerging Products and/or Solutions
  • Consumption upsurge in petrochemical industry
  • Key R&D Trends
  • M&A Outlook

Chapter 6: Regional Market Outlook

N-Methyl-2-Pyrrolidone (NMP) Market Landscape by Region- 2014
  • North America Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Bn)
    • U.S. Market Landscape Analysis, 2014-2024
    • Canada Market Landscape Analysis-2014-2024
  • Europe Market Landscape Analysis, 2014-2024 Kilo (Tons, USD Bn)
    • UK Market Landscape Analysis, 2014-2024
    • Germany Market Landscape Analysis, 2014-2024
    • France Market Landscape Analysis, 2014-2024
    • Italy Market Landscape Analysis, 2014-2024
    • Spain Market Landscape Analysis, 2014-2024
  • Latin America Market Landscape Analysis, 2014-2024 Kilo (Tons, USD Bn)
    • Brazil Market Landscape Analysis, 2014-2024
    • Mexico Market Landscape Analysis, 2014-2024
    • Colombia Market Landscape Analysis, 2014-2024
  • Asia Pacific Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Bn)
    • Japan Market Landscape Analysis, 2014-2024
    • China Market Landscape Analysis, 2014-2024
    • India Market Landscape Analysis, 2014-2024
  • Middle East & Africa Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Bn)
    • Saudi Arabia Market Landscape Analysis, 2014-2024
    • UAE Market Landscape Analysis, 2014-2024

Chapter 7: Pricing Analysis

Optimal Price Points (OPP), Indifference Price Points (IPP) and Range of Acceptable Prices (RAP) of leading brands and revenue estimation by Region- 2015
  • North America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
    • U.S. Pricing Analysis-2015
    • Canada Pricing Analysis-2015
  • Europe Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2014)
    • UK Pricing Analysis-2015
    • Germany Pricing Analysis-2015
    • France Pricing Analysis-2015
    • Italy Pricing Analysis-2015
    • Spain Pricing Analysis-2015
  • Latin America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
    • Brazil Pricing Analysis-2015
    • Mexico Pricing Analysis-2015
    • Colombia Pricing Analysis-2015
  • Asia Pacific Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
    • Japan Pricing Analysis-2015
    • China Pricing Analysis-2015
    • India Pricing Analysis-2015
  • Middle East & Africa Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
    • Saudi Arabia Pricing Analysis-2015
    • UAE Pricing Analysis-2015

Chapter 8: Competitive Landscape

  • BASF SE
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Ashland
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Eastman Chemical Company
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Asahi Kasei
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Mitsubishi Chemical
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • The Chemours Company
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • INEOS
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Shell Chemicals
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Nanjing Jinglong
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • DuPont
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Alzchem AG
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  List of Tables
  • TABLE 1 N-Methyl-2-Pyrrolidone (NMP) Market - Industry Snapshot & Key Buying Criteria, 2014 - 2024
  • TABLE 2 Global N-Methyl-2-Pyrrolidone (NMP) Market, 2014 – 2024 (Kilo Tons, USD Billion)
  • TABLE 3 Global N-Methyl-2-Pyrrolidone (NMP) Market by Application, 2014 – 2024 (Kilo Tons, USD Billion)
  • TABLE 4 N-Methyl-2-Pyrrolidone (NMP) Market - Key Market Driver Analysis
  • TABLE 5 N-Methyl-2-Pyrrolidone (NMP) Market - Key Market Restraint/ Challenge Analysis
  • TABLE 6 N-Methyl-2-Pyrrolidone (NMP) Market – Key Opportunity Analysis
  • TABLE 7 North America N-Methyl-2-Pyrrolidone (NMP) Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 8 U.S. N-Methyl-2-Pyrrolidone (NMP) Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 9 Canada N-Methyl-2-Pyrrolidone (NMP) Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 10 Europe N-Methyl-2-Pyrrolidone (NMP) Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 11 U.K N-Methyl-2-Pyrrolidone (NMP) Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 12 Germany N-Methyl-2-Pyrrolidone (NMP) Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 13 France N-Methyl-2-Pyrrolidone (NMP) Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 14 Italy N-Methyl-2-Pyrrolidone (NMP) Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 15 Spain N-Methyl-2-Pyrrolidone (NMP) Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 16 Latin America N-Methyl-2-Pyrrolidone (NMP) Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 17 Brazil N-Methyl-2-Pyrrolidone (NMP) Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 18 Mexico N-Methyl-2-Pyrrolidone (NMP) Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 19 Colombia N-Methyl-2-Pyrrolidone (NMP) Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 20 Asia pacific N-Methyl-2-Pyrrolidone (NMP) Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 21 Japan N-Methyl-2-Pyrrolidone (NMP) Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 22 China N-Methyl-2-Pyrrolidone (NMP) Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 23 India N-Methyl-2-Pyrrolidone (NMP) Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 24 Middle East & Africa N-Methyl-2-Pyrrolidone (NMP) Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion
  • TABLE 25 Saudi Arabia N-Methyl-2-Pyrrolidone (NMP) Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 26 UAE N-Methyl-2-Pyrrolidone (NMP) Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 27 North America Pricing Analysis
  • TABLE 28 North America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 29 U.S. Pricing Analysis-2015
  • TABLE 30 Canada Pricing Analysis-2015
  • TABLE 31 Europe Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 32 U.K Pricing Analysis-2015
  • TABLE 33 Germany Pricing Analysis-2015
  • TABLE 34 France Pricing Analysis-2015
  • TABLE 35 Italy Pricing Analysis-2015
  • TABLE 36 Spain Pricing Analysis-2015
  • TABLE 37 Latin America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 38 Brazil Pricing Analysis-2015
  • TABLE 39 Mexico Pricing Analysis-2015
  • TABLE 40 Colombia Pricing Analysis-2015
  • TABLE 41 Asia Pacific Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 42 Japan Pricing Analysis-2015
  • TABLE 43 China Pricing Analysis-2015
  • TABLE 44 India Pricing Analysis-2015
  • TABLE 45 Middle East & Africa Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 46 Saudi Arabia Pricing Analysis-2015
  • TABLE 47 UAE Pricing Analysis-2015
List of Figures-
  • 1 N-Methyl-2-Pyrrolidone (NMP) Market Segmentation
  • 2 Market Size & Growth Prospects
  • 3 Leading Brand Dynamics
  • 4 Penetration & Growth Prospects
  • 5 Industry Analysis – Porter’s
  • 6 N-Methyl-2-Pyrrolidone (NMP) Market – PESTEL Analysis
  • 7 N-Methyl-2-Pyrrolidone (NMP) Market Share by Application, 2015 & 2024
  • 8 N-Methyl-2-Pyrrolidone (NMP) Market Share by Region, 2015 & 2024

Key Insights Addressed:  

  • Defining market size from 2014 to 2015.
  • Estimating market growth till 2024 and consequence market forecast.
  • Identifying market drivers, restraints & future opportunities and allowing decision-maker with a range of possible outcomes and the probabilities that will occur for any choice of action.
  • Market segments and regions that will drive or lead market growth.
  • Defining Optimal Price Point (OPP) which will be accepted and recommended by maximum customers.
  • A bird’s-eye view of competitive landscape and the key market players.
  • Key strategic growth driver adopted by market players. In-depth analysis of their strategies and implication on competition & growth.
  Key Findings:  
  • N-Methyl-2-Pyrrolidone (NMP) was valued 1124 million USD in 2015 and expected to increase to 1710 million USD by 2024.
  • NMP is an Organic solvent, which is colorless in its pure form with high solvency and belongs to polar aprotic solvent group. Having an advantage over other solvents.
  • Though there is instability in the petroleum market, Petrochemical sector is emerging and the NMP market revenue is expected grow to 170 million USD by 2024.
  • Global NMP market is driven by major key players like BASF, Dupont, Mitsubishi Chemical, LyondellBasell, Nanjing Jinlong, Balaji Amines, Eastman Chemical Company, Ashland Inc, Abtonsmart Chemical (Group) Co. Ltd.

Ameri Research implies a unique methodology of published information and primary research to bring key insights to customer decision making process. Our analytics model helps us to understand the structured and unstructured information from various sources. Key steps involves in the process are as below-

    1. Analyzing Published Information- Access to large pool of paid and unpaid published information via different sources and analyzing market trend.
    2. Setting Foundation- Input from analysis of secondary sources set our foundation to market analysis and helps in setting the scope for further research. Setting the scope involves Ameri Research proprietary statistical model, discussion with industry leaders, internal brain storming, key discussion pointers from various forums etc.
    3. Need Gap Analysis- Defining the gap between our scope and availability of information.
    4. KOL Panel Discussion- Focused Group Discussion with a structured discussion guide to fine tune the gap and deriving the factors driving/restraining the market trend.
    5. Quantitative Research- Sampling large number of industry players, Education/Research Institutes, Government bodies, NGOs, Individual acclaimed researchers and conducting primary interview with a structured questionnaire.
    6. Data Triangulation- We applies bottom-up demand approach or top-down estimation or a combined approach to triangulate the data points.
    7. Analyst Comment- Each of our analyst carry large pool of experience from domain perspective and add their value which are directional in nature
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Description

The global N-Methyl-2-Pyrrolidone (NMP) market was valued at $1.12 billion in 2016 and is forecast to grow at a steady CAGR of 5.7% between 2017 and 2024, culminating in 2024 global revenue of $1.71 billion.

 

The unique properties exhibited by NMP is manifesting it valuable solvent in Petroleum & Petrochemical, agrochemicals, pharmaceuticals, electronics, paints & coatings and many more.

 

N-Methyl-2-Pyrrolidone (NMP) Market 2024

 

Key Product Categories & Technologies

 

NMP is an Organic solvent, which is colorless in its pure form with high solvency and belongs to polar aprotic solvent group. Having an advantage over other solvents, NMP is widely used in Petrochemical and Petroleum Industries. The major uses of NMP are in the extraction of pure hydrocarbons and desulphurization of gases. It is also used as an extraction solvent in lube oil processing and reaction medium for polymers. Though there is instability in the petroleum market, Petrochemical sector is emerging and the NMP market revenue is expected grow to 170 million USD by 2024. To this growth Contribution of North America and Asia Pacific region together is expected to be 62%

 

In electronic industry NMP is used for manufacturing of Printed Circuit boards (making PCB holes conductive), used as a photoresist stripper and degreasing and coating polyamides. Due to the overall growth of electronic industry, demand of NMP is automatically increased and it is expected to contribute 26% to the market revenue by 2024.

 

In Agriculture Industry NMP is used as a solvent or co-solvent for insecticides and pesticides and also used as a reaction medium for active ingredient or compound synthesis. Wide varieties of sector application is driving the growth in production of NMP, pharmaceutical, agrichemical & paints and coating industries are expected to demand 56000, 51000 and 56000 tons of NMP by 2020.

 

Technology outlook

 

NMP is produced by ester to amide conversion by treating Butyrolactone. There is a need for new technologies or optimization of existing technology to serve the demand. Johnson Matthey have developed a novel DAVY process which is non catalytic, low cost, optimized heat integrated process for producing n-methyl-2-pyrrolidone (NMP) from methylamine and gamma Butyrolactone. To overcome Environmental and health hazards, new processes using biomass is getting bright recommendation. Pacific Northwest National Lab (PNNL) has developed a simple multi-step process involving both catalytic and non-catalytic events which efficiently converts succinic acid into NMP.

 

Top Players & Company Share

 

Global NMP market is driven by major key players like BASF, Dupont, Mitsubishi Chemical, LyondellBasell, Nanjing Jinlong, Balaji Amines, Eastman Chemical Company, Ashland Inc, Abtonsmart Chemical (Group) Co. Ltd. Among the total market, top 5 companies are sharing more than 60% of the market share

 

Growth Drivers & Restraints, Major Trends and Issues

 

The growth of the end user industries are expected to increase in forecast year and which will drive the growth of NMP market. In addition, huge demand from developing countries, especially from those in Asia Pacific region, is expected to boost the growth of global NMP market between 2015 and 2024. Consumer electronics industry is expected to stimulate the demand for NMP in order to meet the electronics production requirement on a global level. However, N-Methyl-2-Pyrrolidone has been identified developmental toxin by environmental regulatory bodies across the globe, especially in Europe and North America. NMP in applications such as paints & coatings and industrial cleaners can have strict regulations in the future, especially in Europe and North America. This is likely to slower the growth of NMP market in few applications.

 

 

 

Competitive Dynamics & End market mix

 

UCB AND DuPont have signed a letter of intent to manufacture and market n-methyl 2-pyrrolidone (NMP) at UCB’s site in Ghent, Belgium. The 50:50 joint ventures will build a 10 000 tons/year plant. The venture, which will have sales of 28 million USD, will market NMP worldwide, focusing on Europe. BASF is building ultrapure NMP plant in Japan and existing NMP production plants at Ludwigshafen in Germany (18 000 tons/year capacity) and Geismar, Louisiana (25 000 tons/year). Lyondellbasell is available geographically in Africa-Middle East, Asia-Pacific, Australia and New Zealand, Europe, North America

 

Conclusion

 

Asia Pacific accounted for the largest share of N-Methyl-2-Pyrrolidone in the market worldwide. It accounted for more than 40% share of global N-Methyl-2-Pyrrolidone market at 7.5% CAGR. Europe and North America on other side are expected to slower growth as regards consumption of NMP registering CAGR (2015-2024) of 3.4% and 4.05% respectively in terms of market value. This report provides factors about current markets trends, technologies, and market drivers. Provides market and technology projections for the upcoming years including the present technology and trends

 

This report provides comprehensive analysis of,

 

  • Market growth drivers
  • Top players
  • Global regional insights
  • Technology outlook

Regional outlook

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Application Outlook

  • Oil and Gas, Petrochemicals
  • Pharmaceutical
  • Electronics

Additional information

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