N-Methyl Pyrrolidone Market
N-Methyl Pyrrolidone Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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N-Methyl Pyrrolidone Market Size and Growth
The N-Methyl Pyrrolidone (NMP) market is experiencing significant growth, driven by increasing demand in pharmaceuticals, agrochemicals, and electronics. Market size is projected to reach approximately USD 1.1 billion by 2025, with favorable regulations and expansion in end-user industries further enhancing market conditions and opportunities for investment and development.
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Companies Covered
(Covid 19 Impact Covered)
◍ BASF
◍ Ashland
◍ LyondellBasell
◍ Mitsubishi Chemical
◍ Dupont
◍ Eastman
◍ Shandong Qingyun Changxin
◍ Puyang MYJ
◍ Binzhou Yuneng
◍ Puyang Guangming
◍ Zhejiang Realsun
◍ Taizhou Yanling
◍ Nanjing Jinlong
The N-Methyl Pyrrolidone market features key players like BASF, Ashland, LyondellBasell, and Mitsubishi Chemical, who utilize NMP in solvents, coatings, and pharmaceuticals. Their innovation and production capacity enhance market growth. Notable sales revenues include BASF at approximately $78 billion and Eastman at around $10 billion.
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Market Segmentation
By Application
◍ Petrochemicals
◍ Electronics
◍ Paints & Coatings
◍ Agrochemicals
◍ Pharmaceuticals
◍ Others
By Product
◍ Electronic Grade
◍ Pharmaceutical Grade
◍ Industrial Grade
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Market Growth
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$ X Billion USD
