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According to the latest research, the global N-Methyl Pyrrolidone market size was valued at USD 2251.27 million in 2022 and is expected to expand at a CAGR of 9.15% during the forecast period, reaching USD 3806.64 million by 2028.
N-Methyl Pyrrolidone (NMP) is an organic compound consisting of a 5-membered lactam. It is a colorless liquid, although impure samples can appear yellow. It is miscible with water and with most common organic solvents. It also belongs to the class of dipolar aprotic solvents such as dimethylformamide and dimethyl sulfoxide. NMP is a solvent that is used widely in the manufacture and production of electronics, petrochemical products, polymers and other specialty chemicals. It has numerous industrial, commercial, and consumer applications.
Influence of COVID-19 Outbreak on N-Methyl Pyrrolidone Industry Development
The raging COVID-19 has left the global economic environment in depression. The impact of COVID-19 on the N-Methyl Pyrrolidone industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The impact on the N-Methyl Pyrrolidone industry depends on the prevention and control effects of COVID-19.
Affected by COVID-19, logistics speed slows down, and the supply of raw materials for N-Methyl Pyrrolidone will be tight. Production was stagnant, sales are blocked the company's inventory increased, and the production of related enterprises in the severely affected areas was greatly affected. The short-term epidemic has less impact on the supply of raw materials for enterprises, mainly consuming stock materials, and the long-term epidemic will cause incalculable losses. If the epidemic develops further and logistics is always unsatisfactory, small and medium-sized N-Methyl Pyrrolidone enterprises are likely to be shut down due to insufficient raw material supply, and even large enterprises will face the same problem.
Limitations
Propylene glycol dimethyl ether (DPGDME) is an environmentally friendly solvent with a very wide range of uses. It can replace NMP (N-methyl pyrrolidone) or NEP (N-ethyl-pyrrolidone) as a solvent for the preparation of polyurethane dispersants. DPGDME-based PU dispersants (PUD) are used in coatings that require low-toxic solvents, such as floor paints or leather finishing/coatings for automotive and aircraft interiors.
As the European Union is currently studying the banning and evaluation of various amine solvents, this product provides the same chemical characteristics and processability as the NMP solvent system. In the future, even if NMP is banned, it can be directly replaced.
N-methyl-pyrrolidone use is associated with health problems such as headache, stomach pain, vomiting, nausea, and stomach pain. N-methyl-pyrrolidone is thus on the Special Health Threat Drug List, and is banned for use in new processes in Europe. NMP absorbs quickly through the skin. Also, repeated overexposure over months or years to NMP and other solvents may also have long-lasting and probably irreversible effects on the nervous system. The symptoms of these long-term effects include fatigue, sleeplessness, impaired coordination, attention problems, loss of short-term memory and changes in personality such as depression, anxiety and irritability. Currently there are strict restrictions on its use in Europe and North America.
Region Overview:
From 2023-2028, China is estimated to witness robust growth prospects.
Company Overview:
Changxin Chemical is one of the major players operating in the N-Methyl Pyrrolidone market, holding a share of 17.27% in 2021.
Changxin Chemical Co., Ltd. is a large-scale chemical company that focuses on the development, production and operation of N-methyl pyrrolidone (NMP), γ-butyrolactone (GBL), α-pyrrolidone (α-p), cyclohexylamine, and dicyclohexylamine series products in China. Materials companies have two production bases in Qingyun, Shandong and Tongling, Anhui. The company adheres to the operating philosophy of specialized production and large-scale operation, and its processing cost advantages and logistics cost advantages continue to be highlighted.
LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances.
Segmentation Overview:
Among different product types, Electronic Grade segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Electronics segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the N-Methyl Pyrrolidone industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of N-Methyl Pyrrolidone. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global N-Methyl Pyrrolidone Market Report Include:
Market Size Estimates: N-Methyl Pyrrolidone market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: N-Methyl Pyrrolidone market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the N-Methyl Pyrrolidone market
Segment Market Analysis: N-Methyl Pyrrolidone market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: N-Methyl Pyrrolidone market situations and prospects in major and top regions and countries
N-Methyl Pyrrolidone Market
N-Methyl Pyrrolidone Industry Chain: N-Methyl Pyrrolidone market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
N-Methyl Pyrrolidone Industry News, Policies by regions
N-Methyl Pyrrolidone Industry Porters Five Forces Analysis
Key players in the global N-Methyl Pyrrolidone market are covered in Chapter 2:
Puyang Guangming
Ashland
Binzhou Yuneng
Taizhou Yanling
Zhejiang Realsun
LyondellBasell
Changxin Chemical
Ganzhou Zhongneng
Eastman
BASF
Puyang MYJ
Mitsubishi Chemical
In Chapter 6 and Chapter 9, on the basis of types, the N-Methyl Pyrrolidone market from 2018 to 2028 is primarily split into:
Electronic Grade
Pharmaceutical Grade
Industrial Grade
Others
In Chapter 7 and Chapter 10, on the basis of applications, the N-Methyl Pyrrolidone market from 2018 to 2028 covers:
Petrochemicals
Electronics
Paints & Coatings
Agrochemicals
Pharmaceuticals
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global N-Methyl Pyrrolidone market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the N-Methyl Pyrrolidone industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of N-Methyl Pyrrolidone market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the N-Methyl Pyrrolidone industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on N-Methyl Pyrrolidone market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the N-Methyl Pyrrolidone market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed N-Methyl Pyrrolidone market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
N-Methyl Pyrrolidone (NMP) is an organic compound consisting of a 5-membered lactam. It is a colorless liquid, although impure samples can appear yellow. It is miscible with water and with most common organic solvents. It also belongs to the class of dipolar aprotic solvents such as dimethylformamide and dimethyl sulfoxide. NMP is a solvent that is used widely in the manufacture and production of electronics, petrochemical products, polymers and other specialty chemicals. It has numerous industrial, commercial, and consumer applications.
Influence of COVID-19 Outbreak on N-Methyl Pyrrolidone Industry Development
The raging COVID-19 has left the global economic environment in depression. The impact of COVID-19 on the N-Methyl Pyrrolidone industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The impact on the N-Methyl Pyrrolidone industry depends on the prevention and control effects of COVID-19.
Affected by COVID-19, logistics speed slows down, and the supply of raw materials for N-Methyl Pyrrolidone will be tight. Production was stagnant, sales are blocked the company's inventory increased, and the production of related enterprises in the severely affected areas was greatly affected. The short-term epidemic has less impact on the supply of raw materials for enterprises, mainly consuming stock materials, and the long-term epidemic will cause incalculable losses. If the epidemic develops further and logistics is always unsatisfactory, small and medium-sized N-Methyl Pyrrolidone enterprises are likely to be shut down due to insufficient raw material supply, and even large enterprises will face the same problem.
Limitations
Propylene glycol dimethyl ether (DPGDME) is an environmentally friendly solvent with a very wide range of uses. It can replace NMP (N-methyl pyrrolidone) or NEP (N-ethyl-pyrrolidone) as a solvent for the preparation of polyurethane dispersants. DPGDME-based PU dispersants (PUD) are used in coatings that require low-toxic solvents, such as floor paints or leather finishing/coatings for automotive and aircraft interiors.
As the European Union is currently studying the banning and evaluation of various amine solvents, this product provides the same chemical characteristics and processability as the NMP solvent system. In the future, even if NMP is banned, it can be directly replaced.
N-methyl-pyrrolidone use is associated with health problems such as headache, stomach pain, vomiting, nausea, and stomach pain. N-methyl-pyrrolidone is thus on the Special Health Threat Drug List, and is banned for use in new processes in Europe. NMP absorbs quickly through the skin. Also, repeated overexposure over months or years to NMP and other solvents may also have long-lasting and probably irreversible effects on the nervous system. The symptoms of these long-term effects include fatigue, sleeplessness, impaired coordination, attention problems, loss of short-term memory and changes in personality such as depression, anxiety and irritability. Currently there are strict restrictions on its use in Europe and North America.
Region Overview:
From 2023-2028, China is estimated to witness robust growth prospects.
Company Overview:
Changxin Chemical is one of the major players operating in the N-Methyl Pyrrolidone market, holding a share of 17.27% in 2021.
Changxin Chemical Co., Ltd. is a large-scale chemical company that focuses on the development, production and operation of N-methyl pyrrolidone (NMP), γ-butyrolactone (GBL), α-pyrrolidone (α-p), cyclohexylamine, and dicyclohexylamine series products in China. Materials companies have two production bases in Qingyun, Shandong and Tongling, Anhui. The company adheres to the operating philosophy of specialized production and large-scale operation, and its processing cost advantages and logistics cost advantages continue to be highlighted.
LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances.
Segmentation Overview:
Among different product types, Electronic Grade segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Electronics segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the N-Methyl Pyrrolidone industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of N-Methyl Pyrrolidone. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global N-Methyl Pyrrolidone Market Report Include:
Market Size Estimates: N-Methyl Pyrrolidone market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: N-Methyl Pyrrolidone market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the N-Methyl Pyrrolidone market
Segment Market Analysis: N-Methyl Pyrrolidone market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: N-Methyl Pyrrolidone market situations and prospects in major and top regions and countries
N-Methyl Pyrrolidone Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.N-Methyl Pyrrolidone Industry Chain: N-Methyl Pyrrolidone market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
N-Methyl Pyrrolidone Industry News, Policies by regions
N-Methyl Pyrrolidone Industry Porters Five Forces Analysis
Key players in the global N-Methyl Pyrrolidone market are covered in Chapter 2:
Puyang Guangming
Ashland
Binzhou Yuneng
Taizhou Yanling
Zhejiang Realsun
LyondellBasell
Changxin Chemical
Ganzhou Zhongneng
Eastman
BASF
Puyang MYJ
Mitsubishi Chemical
In Chapter 6 and Chapter 9, on the basis of types, the N-Methyl Pyrrolidone market from 2018 to 2028 is primarily split into:
Electronic Grade
Pharmaceutical Grade
Industrial Grade
Others
In Chapter 7 and Chapter 10, on the basis of applications, the N-Methyl Pyrrolidone market from 2018 to 2028 covers:
Petrochemicals
Electronics
Paints & Coatings
Agrochemicals
Pharmaceuticals
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global N-Methyl Pyrrolidone market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the N-Methyl Pyrrolidone industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of N-Methyl Pyrrolidone market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the N-Methyl Pyrrolidone industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on N-Methyl Pyrrolidone market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the N-Methyl Pyrrolidone market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed N-Methyl Pyrrolidone market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
