Booming Industrialization in Asia Pacific Propels N-Methyl-2-Pyrrolidone Market in the Region

By -
N-Methyl-2-Pyrrolidone, also known as N-Methylpyrrolidone, is used in a wide range of industries. This substance is characterized by qualities such as a high flash point and low volatility. This colorless substance is a polar aprotic solvent. N-Methylpyrrolidone (NMP) is derived by condensing gamma monomethylamine and butyrolactone. The aforementioned properties of NMP make it a popular substance in several applications across various industries.

Global N-Methyl-2-Pyrrolidone (NMP) Market Report: http://www.mrrse.com/n-methyl-2-pyrrolidone-market

Low Volatility and High Solvency Make N-Methyl-2-Pyrrolidone a Popular Choice amongst Industries

Over the years, NMP has been widely used in paint strippers, process solvent applications, and agricultural chemicals, as it is an excellent solvent that delivers exceptional performance. It is also used as a co-solvent to enhance the gloss effect on floor polishes. Its properties of low volatility and high solvency also make it a popular product in the automotive industry and for making industrial cleaners with solvents such as terpenes, propylene carbonate, hydrocarbons, and propylene glycol ethers. NMP is also used in the electronics industry in the form of photoresist stripper. In this industry, it can easily be used for substituting 1,1,1-tricholoroethane, which is an ozone-depleting substance. Furthermore, NMP also comes in handy for applications such as cleaning tough metal parts.

The global N-Methyl-2-Pyrrolidone market is segmented on the basis of application and region. Application-wise, this market is divided into industries such a paints and coatings, industrial cleaners, pharmaceuticals, agrochemicals, petrochemical processing, and electronics. Regionally, this market is divided into North America, Europe, the Middle East and Africa, and South America.

Asia Pacific to Emerge as a Leader in Global N-Methyl-2-Pyrrolidone Market

The primary reason for growth of the global N-Methyl-2-Pyrrolidone market is the growing number of end-use industries. Emerging economies in the Asia Pacific region are expected to fuel these industries in the coming years. With these factors on either side of the equation, they are going to sum up to a positive growth of the global N-Methyl-2-Pyrrolidone market from 2015 to 2020.
According to a research report, Asia Pacific is going to emerge as a leader in the global N-Methyl-2-Pyrrolidone market due to massive industrialization and its sustenance in the coming years. Research analysts predict that the market will grow at a CAGR of more than 7% in the years between 2015 and 2020.

The prime negative factor acting on the global N-Methyl-2-Pyrrolidone market is that many countries in Europe and North America have categorized it as a reproductive and developmental toxin across the globe. This move by the regulatory bodies is severely going to affect the usage of NMP in paints and coatings and industrial cleaners in the regions. Unfortunately, these factors are going to decelerate the growth of the N-Methyl-2-Pyrrolidone market in North America and Europe in the near future.

Request a Sample Copy of the Report @ http://www.mrrse.com/sample/255

The important players in the global N-Methyl-2-pyrrolidone market are Ashland, BASF, Dupont, Binzhou Yuneng, Shandong Qingyun Changxin, Puyang MYJ, Nanjing Jinlong, Mitsubishi Chemical, Puyang Guangming, Zhejiang Realsun, LyondellBasell, and Taizhou Yanling.   

Comments

Post a Comment

Popular posts from this blog

New reports Acetone Market Global Industry Analysis and Opportunity Assessment, 2014 – 2020

By -
Image
Research Reports Search Engine (MRRSE) announces the addition of a new report titled ‘ Acetone Market: Global Industry Analysis and Opportunity Assessment, 2014–2020’ to its database. The report finds that global acetone consumption stood at 5.9 million tonnes in 2014, and is poised to grow at a meager 3% CAGR from 2014 to 2020 to reach a little over 7.21 million tonnes by 2020. The report has been published by Future Market Insights (FMI). Global Acetone Market Analysis Forecast: The key drivers identified by the study are: The chemical sector’s dependence on acetone as a solvent, the use of acetone as a chemical in several processes, and the escalating use of BPA in the global automobile sector. On the other hand, the report warns that hurdles such as increasingly stringent government mandates for the chemical industry and the growing acceptance of bio-based acetone will restrict growth to some degree. In order to offer highly detailed insights into various face
Read more

New Research on Global Tomato Puree Market 2025 Top Key Players : Archer Daniel Midland Company, E.I. Dupont De Numerous Company, CHS Inc., The Scoular Company, Fuji Oil Holdings Inc., Batory Foods, Crown Soya Protein Group, Nutra Food Ingredients LLC

By -
An insightful study, titled “ Global Market Study on Tomato Puree : Increasing Preference for Organic Tomato Puree by Health Conscious Consumers to be Observed in the Coming Years ” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). This _ page research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue growth throughout the mentioned forecast period. Further, a deep analysis on the major players from diverse regions is also present in the report. Try Free Sample Report @ https://www.mrrse.com/sample/4621 Tomato puree is prepared from tomatoes that are grounded, pressed, and blended to a soft creamy paste or thick liquid. Tomato puree is categorized as organic and conventional puree. Organic tomato puree is free from synthetic additives such as pesticides, chemical fertilizers, and dyes. It must not be processed under indus
Read more

Buzz for Internet-on-the-go Conducive for Value-added Telecommunication Services

By -
Image
With the increasing proliferation of mobile internet through smartphones and other mobile devices, the demand for mobile applications is on a continual rise. Thus, application developers are focused on providing enhanced customer experience and to increase advocacy of their application among telecom end users. The role of telecom API ((application programming interface) lies in helping application developers integrate the various API services such as voice, payment, WebRTC, and SMS. Browse the full Global Telecom API Market Report:  http://www.mrrse.com/telecom-api-market Evolution of Telecommunication Favors Telecom API for Enhanced Customer Experience The use of telecom API holds substantial promise for telecom carriers. With the utilization of telecom API, the increment in the number of applications available in the application stores of telecom carriers helps add new customers and retain existing customers. In this pursuit, telecom carriers are making investm
Read more