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
Quantitative and qualitative assessment exhort intelligence and overarching report on the Global N-Methyl-2-Pyrrolidone market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global N-Methyl-2-Pyrrolidone market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on N-Methyl-2-Pyrrolidone.
An insightful and deep-dive assessment of the competitive assessment of the Global N-Methyl-2-Pyrrolidone market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global N-Methyl-2-Pyrrolidone market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Global N-Methyl-2-Pyrrolidone market: Research Methodology
Primary sources and secondary sources propel intelligence report on Global N-Methyl-2-Pyrrolidone market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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