Los Angeles, CA -- (SBWIRE) -- 05/17/2019 -- N-Methyl-2-pyrrolidone (NMP) is an important polar solvent with strong selectivity and stability. It is a colorless oily liquid and has slight amine odor, which can be soluble in water, alcohols, ethers, esters, ketones, halogenated hydrocarbons, aromatics and castor oil. Manufacturers have developed a new technique to produce N-methyl-2-pyrrolidone due to the growing concerns about the depletion of fossil fuels and non-renewable resources. The cyclization of gamma-aminobutyric acid (GABA) to 2-pyrrolidone and subsequent methylation of 2-pyrrolidone with methanol to N-methyl-2-pyrrolidone helps in the production of bio-based N-methyl-2-pyrrolidone.

The adoption of the green pathway for producing N-methyl-2-pyrrolidone is identified as one of the key trends that will gain traction in the N-methyl-2-pyrrolidone market. Moreover, the demand for N-methyl-2-pyrrolidone is increasing due to growth in the automotive industry as N-methyl-2-pyrrolidone is extensively used in batteries and circuits. The rising adoption rate of electric vehicles in developing countries such as China and India will further boost the demand for N-methyl-2-pyrrolidone.

The global N-Methyl-2-Pyrrolidone market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025. This report studies the N-Methyl-2-Pyrrolidone market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of N-Methyl-2-Pyrrolidone in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

BASF

Mitsubishi Chemical

Londellbasell

Ashland

Dupont

Eastman

Changxin Chemical

MYI Chemical

Yuneng Chemical

Rida Bio-Technology

Guangming Chemicals

Ruian Chemical

Jinlong Chemical

By the product type, the market is primarily split into

Electronic Grade

Pharmaceutical Grade

Industrial Grade

By the end users/application, this report covers the following segments

Electronics

Pharmaceuticals

Paints and Coatings

Petrochemical Processing

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