N-Methyl-2-Pyrrolidone (NMP) Market Analysis and Forecast to 2031: By Type (Recycled, Fresh), Application (Petrochemical, Paints & Coatings, Industrial Cleaners, Others), End Use (Electronics, Automotive, Pharmaceuticals, Others), and Region

N-Methyl-2-pyrrolidone is a clear, colorless, and hygroscopic liquid with a faint amine-like odor. It is miscible with water and most organic solvents. NMP is used as a solvent in a variety of applications including paints and coatings, adhesives and sealants, inks, and electronic cleaners. It is also used as a extraction solvent in the production of oils and fats.

NMP is produced by the condensation of propyleneimine and formaldehyde. It is also a by-product of the production of caprolactam.

NMP is a central nervous system depressant and exposure to high concentrations can cause dizziness, headache, nausea, and vomiting. It is also a skin and eye irritant. NMP is classified as a hazardous substance in the United States and is subject to strict regulation.

Key Trends

N-Methyl-2-Pyrrolidone (NMP) is a clear, colorless liquid with a characteristic amine-like odor. NMP is miscible with water, alcohols, ketones, and many other organic solvents. It is used as a solvent in a variety of industrial and consumer applications.

NMP is produced via the catalytic hydrogenation of propylene oxide. The major raw materials for this process are propylene oxide and ammonia. NMP can also be produced via the direct oxidation of propane.

The Asia-Pacific region is the largest market for NMP, followed by North America and Europe. The Asia-Pacific region is also the fastest-growing market for NMP, due to the growing demand from the paint & coatings, adhesives & sealants, and printing ink industries in the region.

Some of the key trends in NMP technology include:

1. Increasing use of NMP as a paint stripper: NMP is increasingly being used as a paint stripper, due to its ability to quickly and effectively remove paint from surfaces. NMP is particularly effective at removing difficult-to-remove paint systems, such as two-pack epoxy paints.

2. Growing use of NMP in the electronics industry: NMP is used in a variety of electronic applications, such as cleaning printed circuit boards and electronic components, and as a flux remover. The growing demand for electronic products is expected to drive the demand for NMP.

3. Increasing use of NMP in adhesives and sealants: NMP is used as a solvent in the production of adhesives and sealants. It is also used as an adhesive remover. The growing demand for adhesives and sealants from the construction and automotive industries is expected to drive the demand for NMP.

4. Growing use of NMP in the printing ink industry: NMP is used as a solvent in the production of printing inks. It is also used to clean printing equipment. The growing demand for printing services from the packaging and labeling industries is expected to drive the demand for NMP.

Key Drivers

The key drivers of the N-Methyl-2-Pyrrolidone (NMP) market are the growing demand for NMP in the electronics and semiconductor industry, and the increasing use of NMP as a solvent in the paint and coatings industry.

The electronics and semiconductor industry is a major consumer of NMP, and the demand for NMP in this industry is expected to grow at a rapid pace in the coming years. The main applications of NMP in the electronics and semiconductor industry include cleaning of electronic components and circuit boards, and etching of silicon wafers. The paint and coatings industry is another major consumer of NMP, and the demand for NMP in this industry is expected to grow at a moderate pace in the coming years. The main applications of NMP in the paint and coatings industry include paint stripping, paint thinning, and paint removers.

Restraints & Challenges

The key restraints and challenges in N-Methyl-2-Pyrrolidone (NMP) market are as follows:

1. Stringent environmental regulations: NMP is a volatile organic compound (VOC), and its production and use are regulated by environmental agencies in many countries. This imposes significant costs on NMP producers, and limits the market for NMP to applications where its benefits outweigh its costs.

2. Limited availability of raw materials: NMP is produced from propylene, which is a by-product of petroleum refining. The availability of propylene can be constrained by the availability of crude oil, and the production of propylene can be interrupted by refinery shutdowns. This can limit the supply of NMP and increase prices.

3. Substitution by cheaper alternatives: NMP is used in a number of applications where it can be replaced by cheaper alternatives, such as solvents made from glycerin or propylene glycol. This substitution can limit the growth of the NMP market.

4. Slow growth of end-use markets: The growth of the NMP market is largely dependent on the growth of the markets for its end-use applications, such as paints and coatings, adhesives, and cleaners. However, many of these markets are mature and are growing only slowly. This limits the potential for NMP market growth.

Market Segments

The N-Methyl-2-pyrrolidone (NMP) market report is bifurcated on the basis of type, application, end use, and region. On the basis of type, it is segmented into recycled and fresh. Based on application, it is analyzed across petrochemical, paints & coatings, industrial cleaners, and others. By end use, it is categorized into electronics, automotive, pharmaceuticals, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

Key Player

The N-Methyl-2-pyrrolidone (NMP) market report includes players such as BASF SE, LyondellBasell, Ashland, Eastman, Balaji Amines, Prasol Chemicals Ltd, Zhejiang Realsun Chemical Co., Ltd, Puyang Guangming Chemicals Co., Ltd, Abtonsmart Chemicals Co., Ltd, and Binzhou Yuneng Chemical Co., Ltd

Why GIS?

Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. N-Methyl-2-Pyrrolidone (NMP) Market Outlook
3.1. N-Methyl-2-Pyrrolidone (NMP) Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Global N-Methyl-2-Pyrrolidone (NMP) Market

Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Global N-Methyl-2-Pyrrolidone (NMP) Market
4.3. Economic Impact Analysis

Chapter 5. N-Methyl-2-Pyrrolidone (NMP) Market by Type
5.1. Market Overview
5.2. Recycled
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Fresh
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 6. N-Methyl-2-Pyrrolidone (NMP) Market by Application
6.1. Market Overview
6.2. Petrochemical
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Paints & Coatings
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. Industrial Cleaners
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.5. Others
6.5.1. Market Size and Forecast, 2021-2031 ($Million)
6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 7. N-Methyl-2-Pyrrolidone (NMP) Market by End Use
7.1. Market Overview
7.2. Electronics
7.2.1. Market Size and Forecast, 2021-2031 ($Million)
7.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.3. Automotive
7.3.1. Market Size and Forecast, 2021-2031 ($Million)
7.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.4. Pharmaceuticals
7.4.1. Market Size and Forecast, 2021-2031 ($Million)
7.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.5. Others
7.5.1. Market Size and Forecast, 2021-2031 ($Million)
7.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 8. N-Methyl-2-Pyrrolidone (NMP) Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. North America N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By Type, 2021-2031, ($Million)
8.2.3. North America N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Application, 2021-2031, ($Million)
8.2.4. North America N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by End Use, 2021-2031, ($Million)
8.2.5. North America N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Country, 2021-2031, ($Million)
8.2.6. The U.S.
8.2.6.1. The U.S. N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By Type, 2021-2031, ($Million)
8.2.6.2. The U.S. N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Application, 2021-2031, ($Million)
8.2.6.3. The U.S. N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by End Use, 2021-2031, ($Million)
8.2.7. Canada
8.2.7.1. Canada N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By Type, 2021-2031, ($Million)
8.2.7.2. Canada N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Application, 2021-2031, ($Million)
8.2.7.3. Canada N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by End Use, 2021-2031, ($Million)
8.2.8. Mexico
8.2.8.1. Mexico N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By Type, 2021-2031, ($Million)
8.2.8.2. Mexico N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Application, 2021-2031, ($Million)
8.2.8.3. Mexico N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by End Use, 2021-2031, ($Million)
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Europe N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By Type, 2021-2031, ($Million)
8.3.3. Europe N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.4. Europe N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by End Use, 2021-2031, ($Million)
8.3.5. Europe N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Country, 2021-2031, ($Million)
8.3.6. Germany
8.3.6.1. Germany N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By Type, 2021-2031, ($Million)
8.3.6.2. Germany N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.6.3. Germany N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by End Use, 2021-2031, ($Million)
8.3.7. France
8.3.7.1. France N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By Type, 2021-2031, ($Million)
8.3.7.2. France N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.7.3. France N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by End Use, 2021-2031, ($Million)
8.3.8. U.K.
8.3.8.1. U.K. N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By Type, 2021-2031, ($Million)
8.3.8.2. U.K. N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.8.3. U.K. N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by End Use, 2021-2031, ($Million)
8.3.9. Spain
8.3.9.1. Spain N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By Type, 2021-2031, ($Million)
8.3.9.2. Spain N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.9.3. Spain N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by End Use, 2021-2031, ($Million)
8.3.10. Italy
8.3.10.1. Italy N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By Type, 2021-2031, ($Million)
8.3.10.2. Italy N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.10.3. Italy N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by End Use, 2021-2031, ($Million)
8.3.11. Rest of Europe
8.3.11.1. Rest of Europe N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By Type, 2021-2031, ($Million)
8.3.11.2. Rest of Europe N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.11.3. Rest of Europe N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by End Use, 2021-2031, ($Million)
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Asia-Pacific N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Country, 2021-2031, ($Million)
8.4.3. Asia-Pacific N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.4. Asia-Pacific N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By Type, 2021-2031, ($Million)
8.4.5. Asia-Pacific N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by End Use, 2021-2031, ($Million)
8.4.6. China
8.4.6.1. China N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By Type, 2021-2031, ($Million)
8.4.6.2. China N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.6.3. China N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By End Use 2021-2031, ($Million)
8.4.7. India
8.4.7.1. India N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By Type, 2021-2031, ($Million)
8.4.7.2. India N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.7.3. India N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by End Use, 2021-2031, ($Million)
8.4.8. Japan
8.4.8.1. Japan N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By Type, 2021-2031, ($Million)
8.4.8.2. Japan N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.8.3. Japan N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by End Use, 2021-2031, ($Million)
8.4.9. South Korea
8.4.9.1. South Korea N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By Type, 2021-2031, ($Million)
8.4.9.2. South Korea N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.9.3. South Korea N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by End Use, 2021-2031, ($Million)
8.4.10. Rest of APAC
8.4.10.1. Rest of APAC N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By Type, 2021-2031, ($Million)
8.4.10.2. Rest of APAC N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.10.3. Rest of APAC N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by End Use, 2021-2031, ($Million)
8.5. Rest of the World
8.5.1. Key Market Trends and Opportunities
8.5.2. Rest of the World N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By Type, 2021-2031, ($Million)
8.5.3. Rest of the World N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.4. Rest of the World N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by End Use, 2021-2031, ($Million)
8.5.5. Rest of the World N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Country, 2021-2031, ($Million)
8.5.6. Latin America
8.5.6.1. Latin America N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By Type, 2021-2031, ($Million)
8.5.6.2. Latin America N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.6.3. Latin America N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by End Use, 2021-2031, ($Million)
8.5.7. Middle East
8.5.7.1. Middle East N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By Type, 2021-2031, ($Million)
8.5.7.2. Middle East N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.7.3. Middle East N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by End Use, 2021-2031, ($Million)
8.5.8. Africa
8.5.8.1. Africa N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast By Type, 2021-2031, ($Million)
8.5.8.2. Africa N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.8.3. Africa N-Methyl-2-Pyrrolidone (NMP) Market Size and Forecast by End Use, 2021-2031, ($Million)

Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Product Development
9.3.2. Product Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, and Collaborations
9.3.5. Mergers and Acquisitions

Chapter 10. Company Profiles
10.1. BASF SE
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. LyondellBasell
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. Ashland
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. Eastman
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. Balaji Amines
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. Prasol Chemicals Ltd
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. Zhejiang Realsun Chemical Co, Ltd.
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. Puyang Guangming Chemicals Co., Ltd
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. Abtonsmart Chemicals Co., Ltd
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
10.10. Binzhou Yuneng Chemical Co., Ltd.
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product offerings
10.10.4. Key Strategic Initiatives
10.10.5. SWOT Analysis

*The list of company is subject to change during the final compilation of the report
Market Segments

By Type

  • Recycled
  • Fresh

By Application

  • Petrochemical
  • Paints & Coatings
  • Industrial Cleaners
  • Others

By End Use

  • Electronics
  • Automotive
  • Pharmaceuticals
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • The Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

Order this Report

Have questions about the scope of the report ?

Have specific requirements ?

Budget Constraints ?

Related Reports

Chemical technology is a branch of engineering science…
Krypton is a chemical element with the symbol…
Petrochemicals are a group of chemicals derived from…
Automotive adhesive tapes are used to bond various…
Adhesives are substances that are used to bind…
Cyanate Ester Resins (CERs) are a family of…
Cellulosic fire protection intumescent coatings are a type…
Commodity plastics are plastics that are mass-produced for…
Fine Hydrate is a natural mineral supplement that…
Silicone surfactants are a type of surfactant that…