NMP (N-Methyl-2-Pyrrolidone) Market by Application (Petrochemicals, Electronics, Paints & Coatings, Agrochemicals, Pharmaceutical) and Region (Asia Pacific, Europe, North America, Middle East & Africa, South America) - Global Forecast to 2022

Publisher Name :
Date: 15-Mar-2018
No. of pages: 95
Inquire Before Buying

NMP market is projected to grow at a CAGR of 6.8%, in terms of value, between 2017 and 2022.

The NMP market size is expected to grow from USD 572.5 million in 2017 to reach USD 795.8 million by 2022, at a CAGR of 6.8% between 2017 and 2022. NMP is a polar aprotic solvent used in several industries, such as petrochemicals, pharmaceuticals, and agrochemicals. It is widely used in the production of lithium-ion batteries, the demand for which is growing rapidly. This demand can be attributed to the increased production of electric vehicles across the globe. The growing lithium-ion battery production is expected to be a major driver for the NMP market during the forecast period. However, the high cost and rising health concerns related to the manufacturing and use of NMP are restraining the growth of the market. Several NMP users are investing in R&D to develop an alternative to NMP to minimize the cost involved and avoid future regulations.

Based on application, the electronics segment of the NMP market is projected to grow at the highest CAGR between 2017 and 2022.

NMP is used in electronics as a solvent during the manufacturing of lithium-ion batteries, as a photo resist stripper in the manufacturing of semiconductor devices, and as a cleaning reagent for electronic devices. NMP is also used as a solvent to produce PCBs, polyamide/polyimide wire enamels, along with epoxy and polyurethane coatings.
Lithium-ion battery manufacturers are investing in R&D to develop a substitute of NMP. Efforts are being made by them to replace NMP/PVDF couple in batteries with the water/elastomer couple. In addition, chemicals such as NEP are being tested to replace NMP. However, any such replacement was not observed on an industrial scale.

Asia Pacific is estimated to be the largest market for NMP in 2017.

Asia Pacific is estimated to be the largest market for NMP, and this dominance is expected to continue during the forecast period. China is a key market in the region, accounting for more than half of the demand for NMP in Asia Pacific, followed by Japan, South Korea, and India, where consumption is growing at a steady rate. India is emerging as an important NMP market, as there are lithium-ion battery production facilities being established in the country.

Extensive primary interviews were conducted to determine and verify the market size of various segments and sub segments of the NMP market.

The break-up of primary interviews is given below:


  • By Company Type - Tier 1 – 27%, Tier 2 – 50%, and Tier 3 – 23%

  • By Designation - C level – 23%, Director Level – 26, and Others – 51%

  • By Region - North America – 10%, Europe – 30%, Asia Pacific– 52%, and RoW- 8%


Key companies operating in the NMP market are Ashland (US), BASF (Germany), Eastman (US), Lyondellbasell (US), Mitsubishi Chemical Corporation (Japan), and Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd. (China).

Research Coverage:

This research report categorizes the NMP market on the basis of application and region. The report includes detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the NMP market. A detailed analysis of the key industry players has been undertaken to provide insights on the businesses and the products & services offered by them. The report also discusses key strategies, such as expansions, mergers & acquisitions, new product developments, and agreements adopted by the leading players to strengthen their positions in the NMP market.

Reasons to Buy the Report

The report is expected to help market leaders/new entrants in this market in the following ways:


  • This report segments the NMP market comprehensively and provides closest approximations of the sizes for the overall market and its sub segments across different regions.

  • The report is expected to help stakeholders understand the pulse of the market and provide them information on key market drivers, such as restraints, challenges, and opportunities influencing the growth of the NMP market.


This report is expected to help stakeholders understand major competitors in the NMP market and gain insights to enhance their positions. The competitive landscape section includes detailed information on expansions, acquisitions, and new product developments in the market.

NMP (N-Methyl-2-Pyrrolidone) Market by Application (Petrochemicals, Electronics, Paints & Coatings, Agrochemicals, Pharmaceutical) and Region (Asia Pacific, Europe, North America, Middle East & Africa, South America) - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Units Considered
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top Down Approach
2.3 Data Triangulation
2.4 Research Assumptions and Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in NMP Market
4.2 APAC NMP Market, By Application and Country
4.3 NMP Market, By Region
4.4 NMP Market, By End-Use Industry and Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Lithium-Ion Batteries in Electric Vehicles
5.2.1.2 Rising Demand From Pharmaceutical Industry
5.2.2 Restraints
5.2.2.1 Adoption of Alternative Technology to Reduce Cost and Minimise Hazardous Effect
5.2.3 Opportunities
5.2.3.1 Growing Demand in APAC
5.2.4 Challenges
5.2.4.1 Increasing Regulatory and Safety Concern
5.3 Porter’s Five Forces Analysis
5.3.1 Bargaining Power of Buyers
5.3.2 Bargaining Power of Suppliers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Intensity of Competitive Rivalry

6 Macroeconomic Indicators
6.1 Introduction
6.1.1 GDP Growth Rate Forecast of Major Economies
6.1.2 Increasing Number of Lithium-Ion Battery Production Facilities During 2016 and 2020

7 NMP Market, By Application
7.1 Introduction
7.2 Petrochemicals
7.3 Electronics
7.4 Paints & Coatings
7.5 Agrochemicals
7.6 Pharmaceuticals
7.7 Others

8 NMP Market, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 APAC
8.3.1 China
8.3.2 Japan
8.3.3 India
8.3.4 South Korea
8.3.5 Rest of APAC
8.4 Europe
8.4.1 Germany
8.4.2 UK
8.4.3 France
8.4.4 Netherlands
8.4.5 Rest of Europe
8.5 Middle East & Africa
8.6 South America

9 Company Profiles
(Overview, Financial*, Products & Services, Strategy, and Developments)
9.1 Mitsubishi Chemical Corporation
9.2 BASF
9.3 Ashland
9.4 Lyondellbasell
9.5 Eastman
9.6 Abtonsmart Chemical Group
9.7 Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd
9.8 Hefei TNJ Chemicals Industry Co.,Ltd
9.9 Tokyo Chemical Industry Co., Ltd
9.10 Balaji Amines
9.11 Other Industry Players
9.11.1 Puyang Guangming Chemicals Co.,Ltd
9.11.2 Santa Cruz Biotechnology

*Details Might Not Be Captured in Case of Unlisted Companies

10 Appendix
10.1 Insights of Industry Experts
10.2 Discussion Guide
10.3 Knowledge Store: Marketsandmarkets Subscription Portal
10.4 Introducing RT: Real Time Market Intelligence
10.5 Available Customizations
10.6 Related Reports
10.7 Author Details

List of Tables

Table 1 Trends and Forecast of GDP Growth Rates Between 2016 and 2022
Table 2 Lithium-Ion Battery Production Capacities, By Country, 2016- 2020
Table 3 NMP Market Size, By Application, 2015–2022 (Kiloton)
Table 4 NMP Market Size, By Application, 2015–2022 (USD Million)
Table 5 NMP Market Size in Petrochemical Applications, By Region, 2015–2022 (Ton)
Table 6 NMP Market Size in Petrochemical ApPLCiations, By Region 2015–2022 (USD ’000)
Table 7 NMP Market Size in Electronics Applications, By Region, 2015–2022 (Ton)
Table 8 NMP Market Size in Electronics Applications, By Region 2015–2022 (USD ’000)
Table 9 NMP Market Size in Paints & Coatings Applications, By Region, 2015–2022 (Ton)
Table 10 NMP Market Size in Paints & Coatings Applications, By Region 2015–2022 (USD ’000)
Table 11 NMP Market Size in Agrochemical Applications, By Region, 2015–2022 (Ton)
Table 12 NMP Market Size in Agrochemical Applications, By Region 2015–2022 (USD ’000)
Table 13 NMP Market Size in Pharmaceutical Applications, By Region, 2015–2022 (Ton)
Table 14 NMP Market Size in Pharmaceutical Applications, By Region 2015–2022 (USD ’000)
Table 15 NMP Market Size in Other Applications, By Region, 2015–2022 (Ton)
Table 16 NMP Market Size in Other Applications, By Region 2015–2022 (USD ’000)
Table 17 NMP Market Size, By Region, 2015–2022 (Kiloton)
Table 18 NMP Market Size, By Region, 2015–2022 (USD Million)
Table 19 North America: NMP Market Size, By Country, 2015–2022 (Kiloton)
Table 20 North America: NMP Market Size, By Country, 2015–2022 (USD Million)
Table 21 North America: NMP Market Size, By Application, 2015–2022 (Kiloton)
Table 22 North America: NMP Market Size, By Application, 2015–2022 (USD Million)
Table 23 US: NMP Market Size, By Application, 2015–2022 (Kiloton)
Table 24 US: NMP Market Size, By Application, 2015–2022 (USD Million)
Table 25 Canada: NMP Market Size, By Application, 2015–2022 (Kiloton)
Table 26 Canada: NMP Market Size, By Application, 2015–2022 (USD Million)
Table 27 Mexico: NMP Market Size, By Application, 2015–2022 (Kiloton)
Table 28 Mexico: NMP Market Size, By Application, 2015–2022 (USD Million)
Table 29 APAC: NMP Market Size, By Country, 2015–2022 (Kiloton)
Table 30 APAC: NMP Market Size, By Country, 2015–2022 (USD Million)
Table 31 APAC: NMP Market Size, By Application, 2015–2022 (Kiloton)
Table 32 APAC: NMP Market Size, By Application, 2015–2022 (USD Million)
Table 33 China: NMP Market Size, By Application, 2015–2022 (Kiloton)
Table 34 China: NMP Market Size, By Application, 2015–2022 (USD Million)
Table 35 Japan: NMP Market Size, By Application, 2015–2022 (Kiloton)
Table 36 Japan: NMP Market Size, By Application, 2015–2022 (USD Million)
Table 37 India: NMP Market Size, By Application, 2015–2022 (Kiloton)
Table 38 India: NMP Market Size, By Application, 2015–2022 (USD Million)
Table 39 South Korea: NMP Market Size, By Application, 2015–2022 (Kiloton)
Table 40 South Korea: NMP Market Size, By Application, 2015–2022 (USD Million)
Table 41 Rest of APAC: NMP Market Size, By Application, 2015–2022 (Kiloton)
Table 42 Rest of APAC: NMP Market Size, By Application, 2015–2022 (USD Million)
Table 43 Europe: NMP Market Size, By Country, 2015–2022 (Kiloton)
Table 44 Europe: NMP Market Size, By Country, 2015–2022 (USD Million)
Table 45 Europe: NMP Market Size, By Application, 2015–2022 (Kiloton)
Table 46 Europe: NMP Market Size, By Application, 2015–2022 (USD Million)
Table 47 Germany: NMP Market Size, By Application, 2015–2022 (Kiloton)
Table 48 Germany: NMP Market Size, By Application, 2015–2022 (USD Million)
Table 49 UK: NMP Market Size, By Application, 2015–2022 (Kiloton)
Table 50 UK: NMP Market Size, By Application, 2015–2022 (USD Million)
Table 51 France: NMP Market Size, By Application, 2015–2022 (Kiloton)
Table 52 France: NMP Market Size, By Application, 2015–2022 (USD Million)
Table 53 Netherlands: NMP Market Size, By Application, 2015–2022 (Kiloton)
Table 54 Netherlands: NMP Market Size, By Application, 2015–2022 (USD Million)
Table 55 Rest of Europe: NMP Market Size, By Application, 2015–2022 (Kiloton)
Table 56 Rest of Europe: NMP Market Size, By Application, 2015–2022 (USD Million)
Table 57 Middle East & Africa: NMP Market Size, By Application, 2015–2022 (Ton)
Table 58 Middle East & Africa: NMP Market Size, By Application, 2015–2022 (USD ’000)
Table 59 South America: NMP Market Size, By Application, 2015–2022 (Ton)
Table 60 South America: NMP Market Size, By Application, 2015–2022 (USD ’000)

List of Figures

Figure 1 NMP Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation: NMP Market
Figure 5 Petrochemcials to Lead NMP Market Between 2017 and 2022
Figure 6 APAC Market to Witness Highest Growth During Forecast Period
Figure 7 Increasing Demand From Electronics and Pharmaceutical Industries to Drive the NMP Marekt
Figure 8 China Dominated NMP Market in APAC in 2016
Figure 9 APAC to Lead NMP Market During Forecast Period
Figure 10 APAC Accounted for Major Market Share in 2016
Figure 11 Factors Governing the NMP Market
Figure 12 Porter’s Five Forces Analysis
Figure 13 Installed Lithium-Ion Battery Production Capacities (GWH) Q1, 2017
Figure 14 Middle East & Africa is Projected to Be the Fastest-Growing Market for NMP in Petrochemicals Applications
Figure 15 APAC Dominated the Electronics Applications Market of NMP In
Figure 16 North America to Remain Second-Largest Market for NMP in Paints & Coatings Applications
Figure 17 APAC to Remain the Largest Market for NMP in Agrochemical Applications
Figure 18 North America to Lead Market for NMP in Pharmaceutical Applications During the Forecast Period
Figure 19 APAC to Remain the Largest Market for NMP in Other Applications
Figure 20 Regional Snapshot: China to Lead Global Market Growth, 2017–2022
Figure 21 North American NMP Market Snapshot: US Projected to Be Fastest-Growing Market
Figure 22 APAC NMP Market Snapshot: China Largest Market, 2017–2022
Figure 23 BASF: Company Snapshot
Figure 24 Ashland: Company Snapshot
Figure 25 Lyondellbasell: Company Snapshot
Figure 26 Eastman: Company Snapshot
Figure 27 Balaji Amines: Company Snapshot

  • Global and Chinese H acid Industry, 2018 Market Research Report
    Published: 21-Apr-2018        Price: US 3000 Onwards        Pages: 141
    The 'Global and Chinese H acid Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global H acid industry with a focus on the Chinese market. The report provides key statistics on the market status of the H acid manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Firstly, the report provides a basic overview of the industry including its definition, applications and man......
  • Global and Chinese Glycerol Carbonate (CAS 931-40-8) Industry, 2018 Market Research Report
    Published: 21-Apr-2018        Price: US 3000 Onwards        Pages: 142
    The 'Global and Chinese Glycerol Carbonate Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Glycerol Carbonate industry with a focus on the Chinese market. The report provides key statistics on the market status of the Glycerol Carbonate manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Firstly, the report provides a basic overview of the industry including ......
  • Global and Chinese Glycerin Industry, 2018 Market Research Report
    Published: 21-Apr-2018        Price: US 3000 Onwards        Pages: 138
    The 'Global and Chinese Glycerin Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Glycerin industry with a focus on the Chinese market. The report provides key statistics on the market status of the Glycerin manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Firstly, the report provides a basic overview of the industry including its definition, applications a......
  • Global and Chinese Germanium Oxide (Cas 1310-53-8) Industry, 2018 Market Research Report
    Published: 21-Apr-2018        Price: US 3000 Onwards        Pages: 136
    The 'Global and Chinese Germanium Oxide Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Germanium Oxide industry with a focus on the Chinese market. The report provides key statistics on the market status of the Germanium Oxide manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Firstly, the report provides a basic overview of the industry including its defin......
  • Global and Chinese Garlic Essential Oil Industry, 2018 Market Research Report
    Published: 21-Apr-2018        Price: US 3000 Onwards        Pages: 148
    The 'Global and Chinese Garlic Essential Oil Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Garlic Essential Oil industry with a focus on the Chinese market. The report provides key statistics on the market status of the Garlic Essential Oil manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Firstly, the report provides a basic overview of the industry incl......
  • Global and Chinese Formamide Industry, 2018 Market Research Report
    Published: 21-Apr-2018        Price: US 3000 Onwards        Pages: 142
    The 'Global and Chinese Formamide Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Formamide industry with a focus on the Chinese market. The report provides key statistics on the market status of the Formamide manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Firstly, the report provides a basic overview of the industry including its definition, application......
  • Global and Chinese Flurbiprofen Industry, 2018 Market Research Report
    Published: 21-Apr-2018        Price: US 3000 Onwards        Pages: 135
    The 'Global and Chinese Flurbiprofen Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Flurbiprofen industry with a focus on the Chinese market. The report provides key statistics on the market status of the Flurbiprofen manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Firstly, the report provides a basic overview of the industry including its definition, ap......
  • Global and Chinese Glycidyl Methacrylate Industry, 2018 Market Research Report
    Published: 21-Apr-2018        Price: US 3000 Onwards        Pages: 145
    The 'Global and Chinese Glycidyl Methacrylate Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Glycidyl Methacrylate industry with a focus on the Chinese market. The report provides key statistics on the market status of the Glycidyl Methacrylate manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Firstly, the report provides a basic overview of the industry i......
  • Global and Chinese Glycidol Industry, 2018 Market Research Report
    Published: 21-Apr-2018        Price: US 3000 Onwards        Pages: 138
    The 'Global and Chinese Glycidol Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Glycidol industry with a focus on the Chinese market. The report provides key statistics on the market status of the Glycidol manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Firstly, the report provides a basic overview of the industry including its definition, applications a......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs