A CAGR of 5.1% is expected for the global n-ethyl-2-pyrrolidone market during the forecast period. It is anticipated to be valued at US$ 1.98 Mn by 2032, up from US$ 1.20 Mn in 2022.
Key providers are continually focusing on expanding the applications of n-ethyl-2-pyrrolidone (NEP), which is often used as a replacement for n-methyl-2-pyrrolidone (NMP). For instance, the highly polar aprotic solvent is increasingly being used in coating and inkjet formulations, as well as a solvent for electronics processing, which is expected to contribute to the growth of the n-ethyl-2-pyrrolidone market share.
To build the pyrrolidone functionality into various polymers, chemists are using the hydroxyl functionality of HEP to further functionalize the product. These chemicals are packaged in plastic bottles for low quantities, such as 5kg, and in plastic drums for industrial quantities, such as 230kg. As a versatile solubilizer for one component and other types of systems, n-ethyl-2-pyrrolidone is manufactured in a facility with ISO 9001:2015 and is offered with EXCiPACT GMP certifications.
Key players aim to reach many different industries and markets, including printing and ink. As specialty chemical ingredient companies, they recognize the importance of inks adhering to a variety of paper and products. The key players make sure that the pigment dispersion is balanced to ensure that the color is consistent throughout and prevents bleeding. Hence, with the help of a wide range of intermediates and solvents, market players claim to solve any printing problem with the best possible solution.
Attributes
Details
N-Ethyl-2-Pyrrolidone Market Size (2022)
US$ 1.20 Million
N-Ethyl-2-Pyrrolidone Market Size (2032)
US$ 1.98 Million
N-Ethyl-2-Pyrrolidone Market CAGR
5.1%
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High Boiling Point and Low Vapour Pressure to Increase Adoption Areas
There have been ongoing environmental concerns surrounding the volatility of alcohol in fountain solutions that have led to the development and increased need for a cleaner substitute. Therefore, a water-soluble polymer was introduced, which is derived from a reliable, stable raw material source to provide clean viscosity control and unique rheology in gumming and fountain solutions. This is expected to drive the demand for n-ethyl-2-pyrrolidone.
Key providers and chemists claim that the solvent is extremely powerful and has a high boiling point, low vapour pressure, and high stability and is often used as a co-solvent with water, alcohol, and other organic substances. Even at elevated temperatures, NEP is extremely resistant to hydrolysis from pH 2-10. A large body of chemistry has been developed on the reactions of strong nucleophiles with n-ethyl-2-pyrrolidone. Furthermore, it is also used as a process solvent for stripping epoxy, cleaning silicon wafers, removing marker dyes, and soldering flux residues from circuit boards.
Responding to changing market conditions, key players are continually providing innovative products and industry-leading support that add value for their customers. The sales of n-ethyl-2-pyrrolidone are likely to propel owing to their various other applications, such as in the cosmetic, pharmaceutical, and agrochemical industries. Moreover, the solvent has a shelf life of 24 months in unopened, original containers and may only show discoloration after a lengthy storage period. The solvent, along with water and organic solvents miscible in any proportion, is completely mixable and compatible with water. Recently, n-ethyl-2-pyrrolidone (NEP) has found its applications in the dehydration of natural gas, extraction/recovery of acetylene and butadiene, pesticides, synthetic fiber spinning medium, lube oil processing, and synthesis medium for high MW.
Polymers, and many more. In addition, the adoption of n-ethyl-2-pyrrolidone is estimated to bolster since it is industrially useful as a highly efficient selective solvent, catalyst, and cationic surfactant. All these factors collectively support the global n-ethyl-2-pyrrolidone (NEP) market growth and are anticipated to generate market opportunities and new applications for the product.
N-Ethyl-2-Pyrrolidone, commonly referred to as NEP, is a highly polar aprotic solvent having a chemical structure C6H11NO. The chemical, depending on the application, is used either as a catalyst or a surfactant or as a solvent. This highly stable weak alkaline organic solvent exhibits complete miscibility in water and is soluble in organic solvents.
Moreover, N-Ethyl-2-Pyrrolidone is a colourless to yellow liquid characterized by an amine like odour and is used in certain chemical reactions involving hydrolysis, condensation, polymerization among others.
NEP often finds application as a substitute for N-Methyl-2-Pyrrolidone (NMP) which is used on a wider scale across diverse industries. NEP is consumed by diverse industries such as paints & coatings, industrial cleaners, petrochemical processing, desulfurization of gases, among others.
The use of NMP in applications such as in paints & coatings and industrial cleaners which involve prolonged exposure to the chemical has been under scrutiny by regulatory bodies such as Environmental Protection Agency (EPA) - US and European Chemical Agency (ECHA).
It has been identified as a reproductive toxin and as such its use in these applications is expected to witness stringent regulations and/or restrictions. NEP, which exhibited properties similar to those of NMP was considered an apt replacement for NMP.
However, NEP too has been classified as a reproductive toxin, as such, its use in certain applications is expected to witness the same fate as that of NMP. However, the growth of end use industries is likely to result in growth in demand for NEP. These aforementioned factors in turn are expected to result in a sluggish growth of global N-Ethyl-2-Pyrrolidone market over the forecast period.
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N-Ethyl-2-Pyrrolidone Market: Region-wise Outlook
On the basis of geographic regions, global N-Ethyl-2-Pyrrolidone market is segmented into seven key market segments namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa.
The growth of end use industries, especially in developing countries in Asia Pacific is expected to pave way for the growth of global N-Ethyl-2-Pyrrolidone market value in these regions. The region (Asia Pacific) also accounts for a major share in N-Ethyl-2-Pyrrolidone production capaicty.
N-Ethyl-2-Pyrrolidone Market: Key Players
Some of the identified major participants of the global N-Ethyl-2-Pyrrolidone market are as follows:
BASF SE
Ashland Inc.
Puyang Guangming Chemicals Co., Ltd.
Balaji Amines ltd
Hefei TNJ Chemical Industry Co., Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies and End Use industries.
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The report covers exhaustive analysis on
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
N-Ethyl-2-Pyrrolidone Market: Segmentation
Global N-Ethyl-2-Pyrrolidone market is expected to witness a sluggish growth in application areas such as
paints & coatings
Industrial cleaners segment.
On the basis of end use industries, global N-Ethyl-2-Pyrrolidone market can be segmented into following key market segments:
