PUBLISHER: Lucintel | PRODUCT CODE: 1417580
PUBLISHER: Lucintel | PRODUCT CODE: 1417580
N-Methyl-2-Pyrrolidone Trends and Forecast
The future of the global n-methyl-2-pyrrolidone market looks promising with opportunities in the petrochemicals, electronics, paints & coatings, agrochemicals and pharmaceuticals markets. The global n-methyl-2-pyrrolidone market is expected to reach an estimated $1.2 billion by 2030 with a CAGR of 4.2% from 2024 to 2030. The major drivers for this market are growing demand for lithium-ion batteries in electric vehicles and growing demand from pharmaceutical industry, and growing consumer demand for products in important markets including technology and oil and gas.
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N-Methyl-2-Pyrrolidone by Segment
The study includes a forecast for the global n-methyl-2-pyrrolidone by product type, application, and region.
List of N-Methyl-2-Pyrrolidone Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies n-methyl-2-pyrrolidone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the n-methyl-2-pyrrolidone companies profiled in this report include-
N-Methyl-2-Pyrrolidone Market Insights
Lucintel forecasts that electronic grade is expected to witness the highest growth over the forecast period due to its use in lithium-ion battery production and semiconductor device manufacturing.
Within this market, electronics will remain the largest segment due to its widespread demand across various scales.
APAC is expected to witness highest growth over the forecast period due to growing lithium-ion battery production and growing pharmaceutical industry in the region.
Features of the Global N-Methyl-2-Pyrrolidone Market
Market Size Estimates: N-methyl-2-pyrrolidone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: N-methyl-2-pyrrolidone market size by product type, application, and region in terms of value ($B).
Regional Analysis: N-methyl-2-pyrrolidone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product type, application, and regions for the n-methyl-2-pyrrolidone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the n-methyl-2-pyrrolidone market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the n-methyl-2-pyrrolidone market size?
Answer: The global n-methyl-2-pyrrolidone market is expected to reach an estimated $1.2 billion by 2030.
Q2. What is the growth forecast for n-methyl-2-pyrrolidone market?
Answer: The global n-methyl-2-pyrrolidone market is expected to grow with a CAGR of 4.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the n-methyl-2-pyrrolidone market?
Answer: The major drivers for this market are growing demand for lithium-ion batteries in electric vehicles and growing demand from pharmaceutical industry, and growing consumer demand for products in important markets including technology and oil and gas.
Q4. What are the major segments for n-methyl-2-pyrrolidone market?
Answer: The future of the n-methyl-2-pyrrolidone market looks promising with opportunities in the petrochemicals, electronics, paints & coatings, agrochemicals and pharmaceuticals markets.
Q5. Who are the key n-methyl-2-pyrrolidone market companies?
Answer: Some of the key n-methyl-2-pyrrolidone companies are as follows.
Q6. Which n-methyl-2-pyrrolidone market segment will be the largest in future?
Answer: Lucintel forecasts that electronic grade is expected to witness the highest growth over the forecast period due to its use in lithium-ion battery production and semiconductor device manufacturing.
Q7. In n-methyl-2-pyrrolidone market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growing lithium-ion battery production and growing pharmaceutical industry in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.