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N-Methyl-2-Pyrrolidone (NMP) Global Market Segmentation and Major key Players Analysis 2025

The NMP market is expected to witness significant growth over the forecast period owing to the increasing demand from Asia Pacific region. The Global N-Methyl-2-Pyrrolidone (NMP) Market is expected to reach USD 1.79 billion by 2025, according to a new report by Grand View Research, Inc.

NMP is used in a various applications including oil & gas, pharmaceutical, electronics, paints & coatings, agrochemicals and others. Emerging economies such as India are witnessing increasing FDI which is fueling the growth of industrial sector. Asia Pacific region is expected to witness higher growth rates owing to rapid urbanization in these countries coupled with per-capita disposable income levels.

Oil & gas dominated the market for NMP globally. The other key applications include electronics, pharmaceuticals, paints & coatings and agrochemicals.

To Know More About N-Methyl-2-Pyrrolidone Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/n-methyl-2-pyrrolidone-nmp-market

Globally, electronics and oil & gas application segments are expected to witness significant volume growth during the forecast period, growing at CAGRs of over 4% during the forecast period. This growth can be attributed to rapid growth from the end-use verticals such as petrochemical refineries, and electronics & telecommunication.

Top Players of N-Methyl-2-Pyrrolidone Market:

Key participants in the N-Methyl-2-Pyrrolidone market include BASF SE, E. I. du Pont de Nemours and Company, Eastman Chemical Company, Mitsubishi Chemical Corporation, and Ashland Inc., among others.

Market Segmentation of N-Methyl-2-Pyrrolidone Market:

The Global N-Methyl-2-Pyrrolidone (NMP) Market segmented on the basis of Application and Region.

By Application:
  • Oil & gas
        Butadiene recovery
        BTX extraction
        Lube oil purification
  • Pharmaceuticals
        Solvent
        Penetration enhancer
  • Electronics
        Solvent
        Photoresist stripper
  • Paints & Coatings
  • Agrochemicals
Inquire about N-Methyl-2-Pyrrolidone Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2421
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