Size, Demand & Supply, Regional and Competitive Analysis 2025-2032
Publication Date: May 13, 2025
Specialized chemical solvent used in various industrial applications
Market Overview
Requires precise process control and quality assurance measures
High purity standards and specific chemical properties for different applications
Essential component in electronics and pharmaceutical manufacturing
Market Value & Growth Projections
Market Insights:
Latin America Market Value:
US$ 328 million (2024)
US$ 445 million (2030 projection)
CAGR: 5.2% (2024-2030)
Key Market Drivers:
Expanding electronics manufacturing sector in Latin America
Growing pharmaceutical industry requiring high-purity solvents
Increasing demand in paints and coatings applications
Development of petrochemical industry in key countries
Rising agricultural sector driving agrochemical production
Market Segmentation
By Type
By Application
99.9% NMP
99.5% NMP
Others
Electronics
Pharmaceuticals
Paints and Coatings
Petrochemicals
Agrochemicals
Key Market Players
Regional Market Analysis
North America:
Key Countries- USA, Canada, Mexico
Europe:
Key Countries- Germany, UK, France, Russia, Italy, Rest of Europe
Asia-Pacific:
Key Countries- China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific
South America:
Key Countries- Brazil, Argentina, Columbia, Rest of South America
Middle East and Africa:
Key Countries- Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA
