N-Methyl-2-pyrrolidone (NMP) Market to Grow in Forecast Period due to its Applications in Rubber and Electronics Industry

Global N-Methyl-2-pyrrolidone (NMP) market is segmented, By Geographical Region into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. N-Methyl-2-pyrrolidone is an Organic compound consisting of a 5-memebered lactam. It is colorless liquid, although impure samples can appear yellow. It is miscible with the water and with most common organic solvents. It also goes to the class of dipolar aprotic solvents such as dimethyl formamide and dimethyl sulfoxide. It is used in plastic and petrochemical industries as a solvent, exploiting its no volatility and ability to dissolve various materials.

NMP is hygroscopic but it is stable under normal conditions. It acts with Sulphur acid, nitric acid and hydrogen peroxide among others. The decomposition product harvest nitrogen oxide fumes and carbon monoxide. NMP should be stored I clean alloy drums or phenolic lined mild steel drums. Some companies and manufacturers recommend using butyl gloves while handling or working with the NMP in the N-Methyl-2-pyrrolidone (NMP) market.

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NMP is used to recover pure hydrocarbons while processing petrochemicals and in the desulfurization of gases. Due to its good solvency properties N-methyl-2-pyrrolidone is used to dissolve a wide range of chemicals, particularly in the polymers field. It also as a solvent for surface conduct of textiles, resins and metal enclosed plastics or as a paint stripper. It is applied as a solvent in the commercial preparation of polyphenylene sulfide. In the pharmaceutical industry. N-methyl-1-2-pyrrolidone is used in the formulation for drugs by both oral and transdermal delivery routes in the N-Methyl-2-pyrrolidone (NMP) market.

The derivatives and N-methyl-2-pyrrolidone by themselves are used as intermediates for synthesizing pharmaceuticals, agrochemicals, plasticizers and particularly inks among others. It is working as a nylon precursor. It has application in the rubber industry for SBR latex production and in the electronic industry for manufacturing printed circuit boards in the N-Methyl-2-pyrrolidone (NMP) market.

NMP as a cosolvent an enhance the gloss of floor polish. NMP is a replacement for 1,1,1, -trichloroethane (111T) for a wide range of applications such as cleaning of metal parts. It is readily biodegradable, recyclable by distillation and essentially nontoxic to aquatic life. Owing to its less toxicity and exceptional performance of NMP is used for industrial and consumer cleanup.N-Methyl-2-pyrrolidone (NMP) market is segmented, By Application into Oil and Gas (Butadiene recovery, BTX extraction, Lube oil Purification), Pharmaceuticals (Solvent, Penetration enhancer), Electronics (Solvent, Photoresist Stripper), Paints and Coatings, Agrochemicals, Others. Refining business has capitalized on the low oil prices and hence the petrochemical market is booming NMP is used as an extraction medium in different applications such as butadiene recovery, BTX extraction, etc. in the N-Methyl-2-pyrrolidone (NMP) market.

The automotive industry is witnessing a huge growth in the terms of electronic inputs to vehicles. Most of the manufacturing activities are carried in Asia; it contributes the overall industry growth owing to the infrastructure support and necessary equipment in the N-Methyl-2-pyrrolidone (NMP) market. N-Methyl-2-pyrrolidone (NMP) industry is segmented, By End Application into Electronics, Petrochemical Processing, Agrochemicals, Pharmaceuticals, Paints and Coatings, Industrial Cleaners, and Others.

Asia-Pacific accounted for the largest share of N-methyl-2-Pyrrolidine (NMP) market worldwide. It accounted for more than 40% share of N-methyl-2-pyrrolidone market. Increasing demand for NMP from wide range of end user industries in this region has fueled the growth of N-Methyl-2-Pyrrolidone market. N-Methyl-2-pyrrolidone is used in the manufacture of topical as well as transdermal gels and drugs.

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Hence high request from the pharmaceutical industry particularly from the countries such as China and India has led to high demand for N-methyl-2-Pyrrolidone in the region. North America and Europe are predictable to experience stable demand for NMP due to the severe polices of the government in the region. North America and Europe are expected to knowledge steady demand for NMP due to the severe polices of the government in the regions.

However, NMP is expected to experience demand from other regions such as Middle East and Africa and Rest of the World from applications such as Paints and Coatings and Agrichemicals in this region. Therefore, robust demand is reported for N-methyl-2-Pyrolidone in the market in 2016 and is predictable to increase during the forecast period. N-Methyl-2-pyrrolidone (NMP) industry Key Players include BASF, Ashland, DuPont, Binzhou Yuneng, Mitsubishi Chemical, LyondellBasell, Nanjing Jinlong, Puyang MYJ, Puyang Guangming, Shandong Qingyun Changxin, Zhejiang Realsun, and Taizhou Yanling among others.