Growing Petrochemical Industry to Boost Global N-Methyl-2-Pyrrolidone (NMP) Market

The global N-methyl-2-pyrrolidone market has been segmented on the basis of end-use application and region.


Albany, NY -- (SBWIRE) -- 01/04/2016 -- Market Research Reports Search Engine (MRRSE) has added a new report to its repository. The report, titled "N-Methyl-2-Pyrrolidone (NMP) Market: Global Industry Analysis and Opportunity Assessment 2014 - 2020", gives an accurate insight into the market and the trends influencing it. The report offers an analysis of the strengths, weaknesses, opportunities, and threats shaping the future of this market.

The global N-methyl-2-pyrrolidone market has been segmented on the basis of end-use application and region. The end-use applications of N-methyl-2-pyrrolidone are seen in petrochemical processing, electronics, agrochemicals, paints and coatings, pharmaceuticals, industrial cleaners, and others. Geographically, this market is divided into South America, the Middle East and Africa, Europe, and North America. The region-wise segmentation allows the readers to understand the absolute value of the regional market and the opportunities in it in the coming years.

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The report assesses the global N-methyl-2-pyrrolidone market in terms of market value and provides the rate at which this value will change in the coming years. To support this kind of a valuation, the report uses a SWOT analysis and Porter's five forces analysis. The former helps in measuring the intensity of strengths, weaknesses, opportunities, and threats faced by this market, while the latter gives a clear picture of the threat of new entrants, threat of substitute products or services, bargaining power of buyers, bargaining power of suppliers, and intensity of competitive rivalry.

The report has been broken down into several chapters to provide an explanation of all the important elements in the global N-methyl-2-pyrrolidone market. Furthermore, the report offers a year-on-year comparison of the growth of the market. This comparison helps in highlighting the key market dynamics, drivers, restraints, trends, value chain, and recent advancements.

According to research analysts, the primary driver of the global N-methyl-2-pyrrolidone market is the exponentially growing petrochemical industry, as N-methyl-2-pyrrolidone is popularly used as a solvent for extraction. In addition to this, increasing demand from the pharmaceutical industry is also expected to boost the global N-methyl-2-pyrrolidone market. N-methyl-2-pyrrolidone is an excellent solvent, which makes it an ideal ingredient in a processes of making polymers. It is used as a solvent for surface treatment of metal coated plastics, resins, and textiles.

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The key players in the global N-methyl-2-pyrrolidone market have been closely studied in this report to give the readers an outline of the competitive landscape of the market. Some of the key players studied in this report are Ashland Inc., LyondellBasell Industries N.V, Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd., Hefei TNJ Chemical Industry Co., Ltd, Abtonsmart Chemical (Group) Co. Ltd, Balaji Amines Limited (BAL), and BASF SE. This chapter gives a company overview and explains the financial status, investment plans, research and development status, and business and marketing strategies of major players in the market.

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