N-Methyl-2-Pyrrolidone Market to Gain a Stronghold by 2023


The global N-Methyl-2-pyrrolidone market  is expected to  register a moderate CAGR of 5.4% over the period 2015-2020. The market is expected to reach $985.3 million in revenue by the end of 2020.

This Persistence Market research report on N-Methyl-2-Pyrrolidone Market for the period 2015-2020 provides an outlook of the worldwide market. The main objective of the report is to provide up-to-date information about the market opportunities in the global N-Methyl-2-pyrrolidone market. The report is categorically divided into four sections by application and region to provide understanding and insights of the global N-Methyl-2-pyrrolidone market. The report provides analysis of the global NMP market in terms of market value (US$M) and shipment (units).

The report begins with an overview of the global N-methyl-2-pyrrolidone market. This section provides the PMR analysis of the key trends, drivers and restraints from a supply, demand and macro perspective. The report includes an impact analysis of the key growth drivers based on the weighted average model to better empower clients with clear and concise information for decision-making.

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The final section of the report covers the HCS market competitive landscape to offer the report audience a dashboard view of market players and company analysis based on vendor categories along the value chain and its presence in the N-Methyl-2-Pyrrolidone product portfolio and key differentiators. Some of the major market players featured in this section are:

BASF SE, Ashland Inc.
LyondellBasell Industries NV
Abtonsmart Chemical (Group) Co. Ltd.
Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd.
Puyang Guangming Chemicals Co.,Ltd.
Hefei TNJ Chemical Industry Co.,Ltd.
Zhejiang Realsun Chemical Industry Co., Ltd.
Balaji Aminas Limited

Research methodology

To derive the market size, the report considered the average adoption rate of N-methyl-2-pyrrolidone across all regions. Additionally, data points such as regional breakdown and market breakdown by application have been integrated along with qualitative inputs from top respondents to arrive at sensible market estimates.

The forecast presented in the report evaluates the total revenues expected to be generated in the N-Methyl-2-pyrrolidone market during the forecast period (2015-2020). The starting point for the development of the market forecast was the assessment of the current market, which forms the basis for the forecast of the expected market development in the forecast period.

Given the characteristics of the market, PMR triangulated the data based on various analyzes based on both the supply and demand sides. However, quantifying the market in the above segments and regions is more about quantifying expectations and identifying opportunities than rationalizing them at the end of the forecast period.

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It is important to note that in an ever-changing global economy, we not only make forecasts in terms of CAGR, but also analyze the market using key metrics such as year-on-year (YoY) growth to understand predictability. market and identify the right opportunities. All of these sub-segments or categories have been analyzed in basis points (BPS) to understand each segment’s relative contribution to the market growth. This detailed level of information is important in identifying many important trends in the N-Methyl-2-pyrrolidone market.

Another important feature of this report is the analysis of the N-Methyl-2-pyrrolidone market by region, application and its sales forecast in terms of absolute dollar opportunities. This is usually overlooked in market forecasting.

However, absolute dollar possibility is crucial for evaluating the level of opportunity a vendor can aim for and identifying potential resources from a sales perspective in the global N-Methyl-2-pyrrolidone market. To understand the key growth segments in terms of N-Methyl-2-pyrrolidone market growth and performance, Persistence Market Research has developed a Market Attractiveness Index. The resulting index is designed to help vendors identify real market opportunities.

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About us:

The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on ‘green alternatives’, recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing – ‘The Way Forward’. 

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