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Global N-Methyl-2-pyrrolidone (NMP) Market is projected to exhibit a CAGR of 5.7% between 2017 and 2023

Author: QYResearch | Publish date: 2018-08-17 | Views: 63
The N-Methyl-2-pyrrolidone (NMP) industry was 859 million USD in 2017 and is projected to reach USD 1,175 million USD by 2023, at a CAGR (Compounded Annual Growth Rate) of 5.7% between 2017 and 2023. The market is driven by various end-user industries packaging, which is a major application of Electronics.

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The industry is unconcentration. The key manufacturers include BASF, Qingyun Changxin Chemical, MYI Chemical, Mitsubishi Chemical, Londellbasell, Ashland and so on. Among them, BASF maintained its first place in the ranking in 2017. BASF accounted for 15.3 % of the Global Nucleating Agent revenue market share in 2017.


NMP are often used to Electronics, Pharmaceuticals, Paints and Coatings, Petrochemical Processing. In terms of volume, this Electronics in different end-user segments is expected to result in its healthy CAGR of more than 5.69 % between 2017 and 2023.


The market for the NMP divided into 4 geographic regions. QYResearch analysts estimate the China to lead the global market for NMP during the forecast period. This region accounts for a market share of nearly 43.7 % by 2023 and is followed by the Europe.


China has witnessed an advanced and dynamic adoption of new technologies and has always been a lucrative region. The NMP market in China is expected to grow at the highest CAGR during the forecast period. China and Japan are the key countries in the NMP in APAC. In the future, the NMP in some new economies will also rapidly grow and occupy a certain market share, such as such as India, Southeast Asia and Brazil etc.


The Global NMP Market Research Report 2018 report released by QYResearch provides a basic overview of the NMP industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.


The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the NMP industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.)


Click to view the full report TOC, figure and tables

https://www.qyresearch.com/index/detail/123136/global-n-methyl-2-pyrrolidone-nmp-sales-market


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