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N-Methyl-2-Pyrrolidone (NMP) Market Analysis by Product, By Application, By End Use And Segment Forecast 2025
The global n-methyl-2-pyrrolidone (NMP) market is expected to reach USD 1.79 billion by 2025. The NMP market is expected to witness significant growth over the forecast period owing to the increasing demand from Asia Pacific region. Browse Detail n-methyl-2-pyrrolidone Market Report @ http://www.hexareports.com/report/n-methyl-2-pyrrolidone-nmp-market NMP is used in a various applications including oil & gas, pharmaceutical, electronics, paints & coatings, agrochemicals and others. Emerging economies such as India are witnessing increasing FDI which is fueling the growth of industrial sector. Asia Pacific region is expected to witness higher growth rates owing to rapid urbanization in these countries coupled with per-capita disposable income levels. Oil & gas dominated the market for NMP globally. The other key applications include electronics, pharmaceuticals, paints & coatings and agrochemicals. Further key findings from the report suggest Globally, electronics and oil & gas application segments are expected to witness significant volume growth during the forecast period, growing at CAGRs of over 4% during the forecast period. This growth
Hexa Reports Market Research Reports and Insightful Company Profiles can be attributed to rapid growth from the end-use verticals such as petrochemical refineries, and electronics & telecommunication.
Request Sample Copy of this Report @ http://www.hexareports.com/report/n-methyl-2-pyrrolidone-nmp-market/request-sample Asia Pacific dominated the NMP market in 2015 with an estimated revenue of around USD 450 million, and is projected to grow significantly over the coming years owing to the increasing investments from the application industries. China is expected to witness an increase in demand and expected to be the largest consumer of petrochemical products owing to presence of large capacity manufacturing units and favorable export-oriented government policies. Russian oil company Transneft has constructed Eastern Siberia Pacific Ocean (ESPO) Pipeline which provides Russia an option to supply crude oil to China. Key participants in the N-Methyl-2-Pyrrolidone market include BASF SE, E. I. du Pont de Nemours and Company, Eastman Chemical Company, Mitsubishi Chemical Corporation, and Ashland Inc., among others. In recent years, new product developments have been the major growth strategy adopted by key market players for strengthening their market positions. Explore Related Reports:  Environmental Health And Safety Market http://www.hexareports.com/report/environmental-health-and-safety-market  Long Chain Dicarboxylic Acid Market http://www.hexareports.com/report/long-chain-dicarboxylic-acid-market About Us: Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Information: Ryan Shaw Felton Office Plaza, 6265 Highway 9, Felton, California, 95018, United States Phone Number
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