N-Ethyl-2-Pyrrolidone Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025

N-Ethyl-2-Pyrrolidone Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025

Market Overview

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.  

N-Ethyl-2-Pyrrolidone Market: Drivers & Restraints

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.

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. 

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:

  • Paints & Coatings
  • Industrial Cleaners
  • Pharmaceuticals
  • Electronics 
  • Petrochemical Processing
  • Others

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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N-Ethyl-2-Pyrrolidone Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025