China is the Largest Producer of N-Methyl-2-Pyrrolidone in Asia Pacific


Published on : Dec 06, 2019

N-Methyl-2-Pyrrolidone Market is widely used in electronics industry. Use of N-Methyl-2-Pyrrolidone in production of electric vehicles drives the demand of N-Methyl-2-Pyrrolidone. Lithium-ion batteries used in electric cars use N-Methyl-2-Pyrrolidone. Stringent regulation regarding the usage of conventional fossil fuel vehicles encourage use of N-Methyl-2-Pyrrolidone in automotive sector which boosts the global N-Methyl-2-Pyrrolidone market.

The global N-Methyl-2-Pyrrolidone market was estimated to be around US$1.1Bn in the year 2018. It is projected to grow at   ?6% CAGR during the forecast period 2019-2027. N-Methyl-2-Pyrrolidone is used in other applications including polyimide copper clad board’s manufacture, polyimide wire enamels and polyurethane coatings that are used in electronics industry. Its use as stripper is common in applications such as defluxing, cleansing agent and degreasing.

An intelligence report titled, “N-Methyl-2-Pyrrolidone Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository.

Asia pacific own major market share

Excess burr generated during production processes in electronics industry is eliminated with N-Methyl-2-Pyrrolidone. N-Methyl-2-Pyrrolidone is used to make photoresist that have extensive application in numerous areas including printing plates production, flat panel liquid crystal displays, micro electromechanical systems (MEMS), microprocessors and integrated circuit (IC) devices.           

The global N-Methyl-2-Pyrrolidone Market can be geographically segmented into different regions including North America, Asia Pacific, Europe, Middle East & Africa. Asia Pacific owns major global N-Methyl-2-Pyrrolidone market share owing to the rigorous consumption in countries including Japan, China and India. China leads the Asia Pacific market in production and consumption of N-Methyl-2-Pyrrolidone. Electronic segment in china dominated the region’s market of N-Methyl-2-Pyrrolidone in terms of application. The rapidly developing nations such as China and India are generating lucrative opportunities in the global market.

The competitive landscape of the global market is growing intense. BASF SE is known to lead the global N-Methyl-2-Pyrrolidone market in the year 2018. LyondellBasell Industries N.V.is projected to dominate the market in forecast period.

Global N-Methyl-2-Pyrrolidone market: Report Synopsis

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Global N-Methyl-2-Pyrrolidone market: Research Methodology

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