Increasing demand for N-Methyl-2-Pyrrolidone as a solvent in various industries such as pharmaceuticals, electronics, and agrochemicals due to its superior properties and versatility.
Rising adoption of N-Methyl-2-Pyrrolidone in the production of lithium-ion batteries and other advanced materials for energy storage applications.
Growing applications of N-Methyl-2-Pyrrolidone in the processing of specialty chemicals, polymers, and resins, driving the market growth.
Industry
Report Coverage | Details |
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Segments Covered | Application |
Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | Abtonsmart Chemicals, BASF SE, Hefei TNJ Chemical Industry, Shandong Qingyun Changxin Chemical Science-Tech, LyondellBasell Industries Holdings B.V., DuPont, BALAJI AMINES, Ashland, Puyang Guangming Chemicals, Zhejiang Realsun Chemical Industry, Mitsubishi Chemical, Taizhou Yanling Fine Chemicals, Eastman Chemical Company |
Stringent regulations and environmental concerns regarding the use and disposal of N-Methyl-2-Pyrrolidone, leading to limitations on its production and usage.
Fluctuating prices of raw materials and limited availability of feedstock for N-Methyl-2-Pyrrolidone manufacturing, posing challenges for market players.