N-Methyl Pyrrolidone (NMP) Market

Increasing Use of N-methyl Pyrrolidone in Drugs is Projected to Create Market Opportunities for N-methyl Pyrrolidone: FMI has Gathered Critical Data-backed Insights to Help you Foray into the Market

N-Methyl Pyrrolidone (NMP) Market by Grade, Application & Region | Forecast 2023 to 2033

N-methyl Pyrrolidone (NMP) Market Overview (2023 to 2033)

According to a recent market report by Future Market Insights (FMI), the global N-methyl pyrrolidone market size is expected to increase at a CAGR of 4.6% over the forecast period. The market is estimated to attain US$ 1,536.4 million by 2033, rising from US$ 979.9 million in 2023. Growing demand for N-methyl pyrrolidone (NMP) from various end-use sectors around the world, such as petrochemicals, paints & coatings, agrochemicals, and others, is likely to drive up demand over the forecast period.

The sales of N-methyl pyrrolidone (NMP) have contributed around 35% to 40% to global maleic anhydride market revenue in 2022.

Rising demand from turbine manufacturers is the key factor pushing the demand graph for N-methyl pyrrolidone (NMP) upwards. Notable growth in industries over the last couple of years has elevated the demand for targeted products. With the integration of positive strategies by manufacturers in the market, this demand graph is expected to rise further over the forecast period.

N-methyl Pyrrolidone (NMP) Market Value (2018A)	US$ 845.22 million
N-methyl Pyrrolidone (NMP) Market Size (2022A)	US$ 938.4 million
N-methyl Pyrrolidone (NMP) Market Estimation (2023E)	US$ 979.9 million
N-methyl Pyrrolidone (NMP) Market Forecast (2033F)	US$ 1,536.4 million
Value CAGR (2023 to 2033)	4.6%
Collective Value Share: Top 3 Countries (2023E)	51.0%

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Are Research and Development Beneficial or Detrimental for The NMP Market?

Research and development of focused products is the only way to develop new production techniques, increase agility, and innovate the product's technical specifications. Because of the aforementioned factors, research and development procedures are identified as a vital means of boosting any market's growth rate. These initiatives are sometimes responsible for the discovery of other substitutes or alternatives to the intended product. This is a degrading aspect that is causing the market to grow at a slow rate

Consistent research and development for product innovation in a market like the global NMP market, where products have many alternatives. It is a critical success factor for manufacturers operating in the market to acquire an edge over available alternatives.

Which Are Key Concerns for N-methyl Pyrrolidone (NMP) Manufacturers?

Commercially, NMP is manufactured through the condensation of GBL (gamma-butyrolactone) and MA (methylamine), petroleum-based products. Attributing to the low production volume and extreme care required during the manufacturing process, the production cost becomes high as compared to that of regular grades.

The use of N-methyl pyrrolidone (NMP) hence is limited to certain high-cost, specialty, and niche applications that necessitate significantly high levels of purity and performance characteristics. For the same reason, the overall NMP market is significantly small as compared to other industrial solvents.

Efforts to develop alternatives to NMP have gained momentum over the recent past. Health safety reasons and costs involved are likely to result in the development of viable alternatives for NMP. This is expected to emerge as a primary concern for NMP manufacturers in the forthcoming years.

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How Is Healthcare Industry Affecting N-methyl Pyrrolidone NMP Market Growth?

Growing investment in the expansion of the healthcare industry around the world is likely to boost the market in the coming years. NMP is utilized in the pharmaceutical industry to extract, purify, and crystallize numerous pharmaceutical compounds used in the production of medications and other components. Its use in the pharmaceutical industry is estimated to drive sales over the assessment period.

NMP is a polar aprotic solvent that is good at keeping different types of nanoparticles dispersed in industrial and pharmaceutical environments. It is safe and capable of solubilizing a wide range of pharmaceuticals. Consequently, it makes NMP a popular solvent for implant formation and long-term drug delivery. It also works as a co-solvent and a complexing agent in several medication formulations, enhancing the solubility and permeability of a variety of substances.

Apart from drug research, the chemical is also utilized in hospitals and pharmaceutical production facilities to disinfect metal, plastic, and leather surfaces. In the coming years, the industry is expected to benefit from increased pharmaceutical sales.

2018 to 2022 N-methyl Pyrrolidone (NMP) Market Outlook Compared to 2023 to 2033 Forecast

Demand for N-methyl pyrrolidone (NMP) expanded at 2.6% CAGR between 2018 and 2022. Impressive growth in end-use industries resulting in a notable rise in demand for N-methyl pyrrolidone (NMP) was the key factor propelling growth in the market over the historical assessment period.

Various end-use industries namely electronics, petrochemicals and plastics/polymers, agrochemicals, and paints & coatings are likely to register steady growth during the forecast period. With the integration of the correct strategy, key NMP manufacturers can relish maximum opportunity in the market and drive their company’s growth at an extreme pace.

There has been significant growth in the electronics industry owing to the rising demand for industrial and consumer electronic products. This, in turn, has been fueling the demand for NMP, required for the manufacturing and maintenance of electronic components, thereby driving the market for NMP at a global level.

During the forecast period, the Li-ion battery market is anticipated to expand at a strong rate owing to the rapid adoption of electric vehicles across the globe. This, in turn, is

Estimated to propel the demand for NMP from 2023 to 2033.

CAGR from 2018 to 2022	CAGR from 2023 to 2033
2.6%	4.6%

Comparative Analysis of Adjacent Markets

N-methyl Pyrrolidone (NMP) Market:

Differentiating Aspects	N-methyl Pyrrolidone (NMP) Market
CAGR (Forecast Period)	4.6%
Market Valuation in 2023	US$ 979.9 million
Projected Market Value by 2033	US$ 1,536.4 million
Growth Factors	Growing demand from the petrochemical industry.
Trends	Soaring deployment of lithium-ion batteries.
Opportunities	Increasing acquisitions of small and medium-sized market participants.

2-Ethyl Anthraquinone Market:

Differentiating Aspects	2-Ethyl Anthraquinone Market
CAGR (Forecast Period)	5.2%
Market Valuation in 2023	US$ 5.58 billion
Projected Market Value by 2033	US$ 9.26 billion
Growth Factors	Rising demand from paper packaging and the detergent sector.
Trends	Surging demand for hydrogen peroxide.
Opportunities	Heightened industrial investment and healthy GDP growth in China and India offer vital opportunities to manufacturers.

n-heptane Market:

Differentiating Aspects	n-heptane Market
CAGR (Forecast Period)	5.6%
Market Valuation in 2023	US$ 741.4 million
Projected Market Value by 2033	US$ 1,278.47 million
Growth Factors	Thriving automotive sector.
Trends	Technological advancements to realize the market potential of solvents.
Opportunities	New launch of innovative technologies to attract more profits.

Country-Wise Insights

2023 Value Share Analysis of Global N-methyl Pyrrolidone (NMP) Market:

Country	Value Share (2023)
The United States	19.8%
Germany	4.2%
Japan	5.1%
Australia	0.6%

Value CAGR (2023 to 2033)

Countries	CAGR (2023 to 2033)
The United Kingdom	2.9%
China	5.9%
India	6.5%

Why is Demand for N-Methyl Pyrrolidone (NMP) Rising in the United States?

The N-methyl pyrrolidone (NMP) market in the United States is predicted to account for 19.8% market share in 2023. In 2022, the market reached a total valuation of US$ 182.4 million.

The United States is a significant consumer of N-methyl pyrrolidone (NMP). It has a huge presence for industries owing to high industrialization and the urban population in the country. This created high demand for industrial products, such as solvents, metals, machinery, and others.

NMP is a key industrial solvent and its demand has surged significantly in the country over recent years. To cater to this remarkable rise in demand, NMP manufacturers based in the United States are engaged in the expansion of their production capacities.

What is the Demand Outlook for N-Methyl Pyrrolidone (NMP) Projected for China?

China is one of the prominent consumers of N-methyl pyrrolidone (NMP) in Asia. The country is expected to consume around one-fourth of N-methyl pyrrolidone (NMP) produced globally. The extraordinary presence of end-use industries in the country is expected to be a key driver bolstering the market valuation of the N-methyl pyrrolidone (NMP) market in the country.

The country is considered a manufacturing hub across the globe owing to low labor costs and manufacturer-friendly governmental policies. Owing to such a high presence of industries and manufacturers, China exhibits high demand for N-methyl pyrrolidone (NMP) annually.

The electronic industry is one of the dominant consumers of NMP in the country. The electronics industry in China is growing at a remarkable pace. It is expected to witness never-before growth over the upcoming assessment period. Growth in the electronic industry is likely to bolster the demand for the NMP market over the forecast period.

Category-Wise Insights

Category	Grade
Segment	Standard
Value Share in 2023	49.2%
Category	Application
Segment	Petrochemical Processing
Value Share in 2023	14.1%

Which Grade of N-methyl Pyrrolidone (NMP) is Preferred in the Market?

N-methyl pyrrolidone (NMP) comes in a variety of grades based on product quality, specification, application, and other factors. The global NMP market has been divided into four categories: standard, electronic, pharmaceutical, and others. The extensively used grade of NMP in the world is standard grade NMP.

Standard grade is expected to account for roughly half of the global market, i.e., 49.2% value share, in 2023, according to FMI. Standard-grade NMP is significantly consumed for various industrial applications. Petrochemical processing, paints & coatings, and a few industrial applications are examples. These industries are witnessing significant growth, which is projected to increase demand for NMP shortly.

Is the Electronic Segment Assessed to Remain a Chief Application?

Among various application industries, the electronics and semiconductor sectors are vital consumers. NMP finds increasing application in the electronics industry. The electronics industry is anticipated to consume more than 45,616 tons of NMP in 2023 and the number is growing at a notable rate.

Due to the significantly increasing demand for both industrial and consumer electronic products, the NMP market is projected to exhibit strong growth over the forecast period. During the projected period, the Li-ion battery market is expected to grow at a prominent pace. Consequently, the demand for NMP is expected to rise.

Salient Tactics Employed by NMP Manufacturers

Leading manufacturers involved in the production of N-methyl pyrrolidone (NMP) are emphasizing research and development activities to strengthen their product portfolio. These activities are aimed at changing consumer specifications depending on various factors.

Key N-methyl pyrrolidone (NMP) market companies are focusing on increasing production capacity. These companies further aim at acquiring small and medium-sized market players to strengthen their market positions.

To meet domestic demand and save costs, several end users and distributors import N-methyl pyrrolidone (NMP) from other nations. However, the emergence of diverse alternatives remains a significant issue for market players. For Instance,

In August 2021, LyondellBasell Industries N.V. revealed its plans to establish a new manufacturing facility for propylene oxide (PO) and tertiary butyl alcohol (TBA). The company employs propylene oxide in the form of raw material to create butanediol. The latter is utilized to manufacture N-methyl pyrrolidone.
In December 2020, BASF SE officially announced the rise in price for N-methyl pyrrolidone (NMP) and other derivatives of BDO in the Europe region. This change was initiated with immediate effect or as extant contracts allow. BDO and its derivatives are used to develop elastic spandex fibers, solvents, polyurethanes, engineering plastics, and pharmaceuticals.
In 2016, BASF SE successfully expanded the production capacity of butanediol and its derivatives including N-methyl pyrrolidone. The expansion has increased the production capacity of its Geismer site by 20 percent. At present, the facility can produce 670,000 TPA of BDO.

Similarly, exhaustive coverage of key developments has been tracked by Future Market Insights in its latest report on N-methyl pyrrolidone (NMP).

Key Manufacturers in the N-methyl Pyrrolidone (NMP) Market

BASF SE
LyondellBasell Industries N.V.
Ashland Inc.
Eastman Chemical Company
Balaji Amines
Mitsubishi Chemical Corporation
Hefei TNJ Chemical Industry Co. Ltd.
Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd.
Zhejiang Realsun Chemical Co. Ltd.
Puyang Guangming Chemicals Co. Ltd.
Binzhou Yuneng Chemical Co. Ltd.
Binzhou City Zhanhua District Ruian Chemical Co. Ltd.
Hefei Tengchao Chemical Material Co. Ltd.
Shanghai Poochun Industry Co. Ltd.

Scope of N-methyl Pyrrolidone (NMP) Market Report

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	US$ million for Value
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa
Key Countries Covered	The United States, Canada, Germany, the United Kingdom, France, Italy, Spain, Russia, BENELUX, Nordic, China, Japan, South Korea, India, ASEAN, Australia, New Zealand, GCC Countries, Northern Africa, and South Africa.
Key Segments Covered	Grade, Application, and Region
Key Companies Profiled	BASF SE LyondellBasell Industries NV Ashland Inc. Eastman Chemical Company Balaji Amines Mitsubishi Chemical Corporation Hefei TNJ Chemical Industry Co. Ltd. Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd. Zhejiang Realsun Chemical Co. Ltd. Puyang Guangming Chemicals Co. Ltd. Binzhou Yuneng Chemical Co. Ltd. Binzhou City Zhanhua District Ruian Chemical Co. Ltd. Hefei Tengchao Chemical Material Co. Ltd. Shanghai Poochun Industry Co. Ltd.
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

N-methyl Pyrrolidone (NMP) Market by Category

By Grade:

Standard
Electronics
Pharmaceutical
Others

By Application:

Petrochemical Processing
Paints & Coatings
Industrial Cleaners
Electronics
Agrochemicals
Pharmaceuticals
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
The Middle East & Africa

Frequently Asked Questions

How much is the N-methyl Pyrrolidone (NMP) Industry Projected to Attain by 2033 end?

The N-methyl pyrrolidone (NMP) industry is projected to reach a valuation of US$ 1,536.4 million by 2033.

Which are the Top Companies Providing N-methyl Pyrrolidone (NMP)?

BASF SE and LyondellBasell Industries N.V. are the top players in the N-methyl pyrrolidone (NMP) industry.

Which Region is Expected to Account for Significant Market Share?

North America is expected to hold a significant market share over the forecast period.

At what CAGR is the N-methyl Pyrrolidone (NMP) Industry Projected to Expand in the Forecast Period?

The N-methyl pyrrolidone (NMP) industry is projected to expand at a CAGR of 4.6%.

Table of Content

1. Executive Summary | N-Methyl Pyrrolidone (NMP) Market

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.5.1. Supply Side Participants and Their Roles

3.5.1.1. Producers

3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

3.5.1.3. Wholesalers and Distributors

3.5.2. Value Added and Value Created at Node in the Supply Chain

3.5.3. List of Raw Material Suppliers

3.5.4. List of Existing and Potential Buyers

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.7.1. Profit Margin Analysis

3.7.2. Wholesalers and Distributors

3.7.3. Retailers

3.8. PESTLE and Porter’s Analysis

3.9. Regulatory Landscape

3.9.1. By Key Regions

3.9.2. By Key Countries

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022

4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Grade

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Grade, 2018 to 2022

5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Grade, 2023 to 2033

5.3.1. Standard

5.3.2. Electronics

5.3.3. Pharmaceutical

5.3.4. Others

5.4. Y-o-Y Growth Trend Analysis By Grade, 2018 to 2022

5.5. Absolute $ Opportunity Analysis By Grade, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

6.1. Introduction / Key Findings

6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022

6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033

6.3.1. Petrochemical Processing

6.3.2. Paints & Coatings

6.3.3. Industrial Cleaners

6.3.4. Electronics

6.3.5. Agrochemicals

6.3.6. Pharmaceuticals

6.3.7. Others

6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022

6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

7.1. Introduction

7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022

7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033

7.3.1. North America

7.3.2. Latin America

7.3.3. Europe

7.3.4. Asia Pacific

7.3.5. Middle East and Africa(MEA)

7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

8.2.1. By Country

8.2.1.1. The USA

8.2.1.2. Canada

8.2.2. By Grade

8.2.3. By Application

8.3. Market Attractiveness Analysis

8.3.1. By Country

8.3.2. By Grade

8.3.3. By Application

8.4. Key Takeaways

9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

9.2.1. By Country

9.2.1.1. Brazil

9.2.1.2. Mexico

9.2.1.3. Rest of Latin America

9.2.2. By Grade

9.2.3. By Application

9.3. Market Attractiveness Analysis

9.3.1. By Country

9.3.2. By Grade

9.3.3. By Application

9.4. Key Takeaways

10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

10.2.1. By Country

10.2.1.1. Germany

10.2.1.2. United Kingdom

10.2.1.3. France

10.2.1.4. Spain

10.2.1.5. Italy

10.2.1.6. Rest of Europe

10.2.2. By Grade

10.2.3. By Application

10.3. Market Attractiveness Analysis

10.3.1. By Country

10.3.2. By Grade

10.3.3. By Application

10.4. Key Takeaways

11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

11.2.1. By Country

11.2.1.1. China

11.2.1.2. Japan

11.2.1.3. South Korea

11.2.1.4. Singapore

11.2.1.5. Thailand

11.2.1.6. Indonesia

11.2.1.7. Australia

11.2.1.8. New Zealand

11.2.1.9. Rest of Asia Pacific

11.2.2. By Grade

11.2.3. By Application

11.3. Market Attractiveness Analysis

11.3.1. By Country

11.3.2. By Grade

11.3.3. By Application

11.4. Key Takeaways

12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

12.2.1. By Country

12.2.1.1. GCC Countries

12.2.1.2. South Africa

12.2.1.3. Israel

12.2.1.4. Rest of Middle East and Africa(MEA)

12.2.2. By Grade

12.2.3. By Application

12.3. Market Attractiveness Analysis

12.3.1. By Country

12.3.2. By Grade

12.3.3. By Application

12.4. Key Takeaways

13. Key Countries Market Analysis

13.1. USA

13.1.1. Pricing Analysis

13.1.2. Market Share Analysis, 2022

13.1.2.1. By Grade

13.1.2.2. By Application

13.2. Canada

13.2.1. Pricing Analysis

13.2.2. Market Share Analysis, 2022

13.2.2.1. By Grade

13.2.2.2. By Application

13.3. Brazil

13.3.1. Pricing Analysis

13.3.2. Market Share Analysis, 2022

13.3.2.1. By Grade

13.3.2.2. By Application

13.4. Mexico

13.4.1. Pricing Analysis

13.4.2. Market Share Analysis, 2022

13.4.2.1. By Grade

13.4.2.2. By Application

13.5. Germany

13.5.1. Pricing Analysis

13.5.2. Market Share Analysis, 2022

13.5.2.1. By Grade

13.5.2.2. By Application

13.6. United Kingdom

13.6.1. Pricing Analysis

13.6.2. Market Share Analysis, 2022

13.6.2.1. By Grade

13.6.2.2. By Application

13.7. France

13.7.1. Pricing Analysis

13.7.2. Market Share Analysis, 2022

13.7.2.1. By Grade

13.7.2.2. By Application

13.8. Spain

13.8.1. Pricing Analysis

13.8.2. Market Share Analysis, 2022

13.8.2.1. By Grade

13.8.2.2. By Application

13.9. Italy

13.9.1. Pricing Analysis

13.9.2. Market Share Analysis, 2022

13.9.2.1. By Grade

13.9.2.2. By Application

13.10. China

13.10.1. Pricing Analysis

13.10.2. Market Share Analysis, 2022

13.10.2.1. By Grade

13.10.2.2. By Application

13.11. Japan

13.11.1. Pricing Analysis

13.11.2. Market Share Analysis, 2022

13.11.2.1. By Grade

13.11.2.2. By Application

13.12. South Korea

13.12.1. Pricing Analysis

13.12.2. Market Share Analysis, 2022

13.12.2.1. By Grade

13.12.2.2. By Application

13.13. Singapore

13.13.1. Pricing Analysis

13.13.2. Market Share Analysis, 2022

13.13.2.1. By Grade

13.13.2.2. By Application

13.14. Thailand

13.14.1. Pricing Analysis

13.14.2. Market Share Analysis, 2022

13.14.2.1. By Grade

13.14.2.2. By Application

13.15. Indonesia

13.15.1. Pricing Analysis

13.15.2. Market Share Analysis, 2022

13.15.2.1. By Grade

13.15.2.2. By Application

13.16. Australia

13.16.1. Pricing Analysis

13.16.2. Market Share Analysis, 2022

13.16.2.1. By Grade

13.16.2.2. By Application

13.17. New Zealand

13.17.1. Pricing Analysis

13.17.2. Market Share Analysis, 2022

13.17.2.1. By Grade

13.17.2.2. By Application

13.18. GCC Countries

13.18.1. Pricing Analysis

13.18.2. Market Share Analysis, 2022

13.18.2.1. By Grade

13.18.2.2. By Application

13.19. South Africa

13.19.1. Pricing Analysis

13.19.2. Market Share Analysis, 2022

13.19.2.1. By Grade

13.19.2.2. By Application

13.20. Israel

13.20.1. Pricing Analysis

13.20.2. Market Share Analysis, 2022

13.20.2.1. By Grade

13.20.2.2. By Application

14. Market Structure Analysis

14.1. Competition Dashboard

14.2. Competition Benchmarking

14.3. Market Share Analysis of Top Players

14.3.1. By Regional

14.3.2. By Grade

14.3.3. By Application

15. Competition Analysis

15.1. Competition Deep Dive

15.1.1. BASF SE

15.1.1.1. Overview

15.1.1.2. Product Portfolio

15.1.1.3. Profitability by Market Segments

15.1.1.4. Sales Footprint

15.1.1.5. Strategy Overview

15.1.1.5.1. Marketing Strategy

15.1.1.5.2. Product Strategy

15.1.1.5.3. Channel Strategy

15.1.2. LyondellBasell Industries NV

15.1.2.1. Overview

15.1.2.2. Product Portfolio

15.1.2.3. Profitability by Market Segments

15.1.2.4. Sales Footprint

15.1.2.5. Strategy Overview

15.1.2.5.1. Marketing Strategy

15.1.2.5.2. Product Strategy

15.1.2.5.3. Channel Strategy

15.1.3. Ashland Inc.

15.1.3.1. Overview

15.1.3.2. Product Portfolio

15.1.3.3. Profitability by Market Segments

15.1.3.4. Sales Footprint

15.1.3.5. Strategy Overview

15.1.3.5.1. Marketing Strategy

15.1.3.5.2. Product Strategy

15.1.3.5.3. Channel Strategy

15.1.4. Eastman Chemical Company

15.1.4.1. Overview

15.1.4.2. Product Portfolio

15.1.4.3. Profitability by Market Segments

15.1.4.4. Sales Footprint

15.1.4.5. Strategy Overview

15.1.4.5.1. Marketing Strategy

15.1.4.5.2. Product Strategy

15.1.4.5.3. Channel Strategy

15.1.5. Balaji Amines

15.1.5.1. Overview

15.1.5.2. Product Portfolio

15.1.5.3. Profitability by Market Segments

15.1.5.4. Sales Footprint

15.1.5.5. Strategy Overview

15.1.5.5.1. Marketing Strategy

15.1.5.5.2. Product Strategy

15.1.5.5.3. Channel Strategy

15.1.6. Mitsubishi Chemical Corporation

15.1.6.1. Overview

15.1.6.2. Product Portfolio

15.1.6.3. Profitability by Market Segments

15.1.6.4. Sales Footprint

15.1.6.5. Strategy Overview

15.1.6.5.1. Marketing Strategy

15.1.6.5.2. Product Strategy

15.1.6.5.3. Channel Strategy

15.1.7. Hefei TNJ Chemical Industry Co. ltd.

15.1.7.1. Overview

15.1.7.2. Product Portfolio

15.1.7.3. Profitability by Market Segments

15.1.7.4. Sales Footprint

15.1.7.5. Strategy Overview

15.1.7.5.1. Marketing Strategy

15.1.7.5.2. Product Strategy

15.1.7.5.3. Channel Strategy

15.1.8. Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd.

15.1.8.1. Overview

15.1.8.2. Product Portfolio

15.1.8.3. Profitability by Market Segments

15.1.8.4. Sales Footprint

15.1.8.5. Strategy Overview

15.1.8.5.1. Marketing Strategy

15.1.8.5.2. Product Strategy

15.1.8.5.3. Channel Strategy

15.1.9. Zhejiang Realsun Chemical Co. Ltd.

15.1.9.1. Overview

15.1.9.2. Product Portfolio

15.1.9.3. Profitability by Market Segments

15.1.9.4. Sales Footprint

15.1.9.5. Strategy Overview

15.1.9.5.1. Marketing Strategy

15.1.9.5.2. Product Strategy

15.1.9.5.3. Channel Strategy

15.1.10. Puyang Guangming Chemicals Co. Ltd.

15.1.10.1. Overview

15.1.10.2. Product Portfolio

15.1.10.3. Profitability by Market Segments

15.1.10.4. Sales Footprint

15.1.10.5. Strategy Overview

15.1.10.5.1. Marketing Strategy

15.1.10.5.2. Product Strategy

15.1.10.5.3. Channel Strategy

15.1.11. Binzhou Yuneng Chemical Co. Ltd.

15.1.11.1. Overview

15.1.11.2. Product Portfolio

15.1.11.3. Profitability by Market Segments

15.1.11.4. Sales Footprint

15.1.11.5. Strategy Overview

15.1.11.5.1. Marketing Strategy

15.1.11.5.2. Product Strategy

15.1.11.5.3. Channel Strategy

15.1.12. Binzhou City Zhanhua District Ruian Chemical Co. Ltd.

15.1.12.1. Overview

15.1.12.2. Product Portfolio

15.1.12.3. Profitability by Market Segments

15.1.12.4. Sales Footprint

15.1.12.5. Strategy Overview

15.1.12.5.1. Marketing Strategy

15.1.12.5.2. Product Strategy

15.1.12.5.3. Channel Strategy

15.1.13. Hefei Tengchao Chemical Material Co. Ltd.

15.1.13.1. Overview

15.1.13.2. Product Portfolio

15.1.13.3. Profitability by Market Segments

15.1.13.4. Sales Footprint

15.1.13.5. Strategy Overview

15.1.13.5.1. Marketing Strategy

15.1.13.5.2. Product Strategy

15.1.13.5.3. Channel Strategy

15.1.14. Shanghai Poochun Industry Co. Ltd.

15.1.14.1. Overview

15.1.14.2. Product Portfolio

15.1.14.3. Profitability by Market Segments

15.1.14.4. Sales Footprint

15.1.14.5. Strategy Overview

15.1.14.5.1. Marketing Strategy

15.1.14.5.2. Product Strategy

15.1.14.5.3. Channel Strategy

16. Assumptions & Acronyms Used

17. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033

Table 2: Global Market Volume (Tons) Forecast by Region, 2018 to 2033

Table 3: Global Market Value (US$ Million) Forecast by Grade, 2018 to 2033

Table 4: Global Market Volume (Tons) Forecast by Grade, 2018 to 2033

Table 5: Global Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 6: Global Market Volume (Tons) Forecast by Application, 2018 to 2033

Table 7: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 8: North America Market Volume (Tons) Forecast by Country, 2018 to 2033

Table 9: North America Market Value (US$ Million) Forecast by Grade, 2018 to 2033

Table 10: North America Market Volume (Tons) Forecast by Grade, 2018 to 2033

Table 11: North America Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 12: North America Market Volume (Tons) Forecast by Application, 2018 to 2033

Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 14: Latin America Market Volume (Tons) Forecast by Country, 2018 to 2033

Table 15: Latin America Market Value (US$ Million) Forecast by Grade, 2018 to 2033

Table 16: Latin America Market Volume (Tons) Forecast by Grade, 2018 to 2033

Table 17: Latin America Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 18: Latin America Market Volume (Tons) Forecast by Application, 2018 to 2033

Table 19: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 20: Europe Market Volume (Tons) Forecast by Country, 2018 to 2033

Table 21: Europe Market Value (US$ Million) Forecast by Grade, 2018 to 2033

Table 22: Europe Market Volume (Tons) Forecast by Grade, 2018 to 2033

Table 23: Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 24: Europe Market Volume (Tons) Forecast by Application, 2018 to 2033

Table 25: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 26: Asia Pacific Market Volume (Tons) Forecast by Country, 2018 to 2033

Table 27: Asia Pacific Market Value (US$ Million) Forecast by Grade, 2018 to 2033

Table 28: Asia Pacific Market Volume (Tons) Forecast by Grade, 2018 to 2033

Table 29: Asia Pacific Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 30: Asia Pacific Market Volume (Tons) Forecast by Application, 2018 to 2033

Table 31: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 32: MEA Market Volume (Tons) Forecast by Country, 2018 to 2033

Table 33: MEA Market Value (US$ Million) Forecast by Grade, 2018 to 2033

Table 34: MEA Market Volume (Tons) Forecast by Grade, 2018 to 2033

Table 35: MEA Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 36: MEA Market Volume (Tons) Forecast by Application, 2018 to 2033

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List of Charts

Figure 1: Global Market Value (US$ Million) by Grade, 2023 to 2033

Figure 2: Global Market Value (US$ Million) by Application, 2023 to 2033

Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033

Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033

Figure 5: Global Market Volume (Tons) Analysis by Region, 2018 to 2033

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 8: Global Market Value (US$ Million) Analysis by Grade, 2018 to 2033

Figure 9: Global Market Volume (Tons) Analysis by Grade, 2018 to 2033

Figure 10: Global Market Value Share (%) and BPS Analysis by Grade, 2023 to 2033

Figure 11: Global Market Y-o-Y Growth (%) Projections by Grade, 2023 to 2033

Figure 12: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 13: Global Market Volume (Tons) Analysis by Application, 2018 to 2033

Figure 14: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 15: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 16: Global Market Attractiveness by Grade, 2023 to 2033

Figure 17: Global Market Attractiveness by Application, 2023 to 2033

Figure 18: Global Market Attractiveness by Region, 2023 to 2033

Figure 19: North America Market Value (US$ Million) by Grade, 2023 to 2033

Figure 20: North America Market Value (US$ Million) by Application, 2023 to 2033

Figure 21: North America Market Value (US$ Million) by Country, 2023 to 2033

Figure 22: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 23: North America Market Volume (Tons) Analysis by Country, 2018 to 2033

Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 26: North America Market Value (US$ Million) Analysis by Grade, 2018 to 2033

Figure 27: North America Market Volume (Tons) Analysis by Grade, 2018 to 2033

Figure 28: North America Market Value Share (%) and BPS Analysis by Grade, 2023 to 2033

Figure 29: North America Market Y-o-Y Growth (%) Projections by Grade, 2023 to 2033

Figure 30: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 31: North America Market Volume (Tons) Analysis by Application, 2018 to 2033

Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 34: North America Market Attractiveness by Grade, 2023 to 2033

Figure 35: North America Market Attractiveness by Application, 2023 to 2033

Figure 36: North America Market Attractiveness by Country, 2023 to 2033

Figure 37: Latin America Market Value (US$ Million) by Grade, 2023 to 2033

Figure 38: Latin America Market Value (US$ Million) by Application, 2023 to 2033

Figure 39: Latin America Market Value (US$ Million) by Country, 2023 to 2033

Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 41: Latin America Market Volume (Tons) Analysis by Country, 2018 to 2033

Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 44: Latin America Market Value (US$ Million) Analysis by Grade, 2018 to 2033

Figure 45: Latin America Market Volume (Tons) Analysis by Grade, 2018 to 2033

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Grade, 2023 to 2033

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Grade, 2023 to 2033

Figure 48: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 49: Latin America Market Volume (Tons) Analysis by Application, 2018 to 2033

Figure 50: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 52: Latin America Market Attractiveness by Grade, 2023 to 2033

Figure 53: Latin America Market Attractiveness by Application, 2023 to 2033

Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033

Figure 55: Europe Market Value (US$ Million) by Grade, 2023 to 2033

Figure 56: Europe Market Value (US$ Million) by Application, 2023 to 2033

Figure 57: Europe Market Value (US$ Million) by Country, 2023 to 2033

Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 59: Europe Market Volume (Tons) Analysis by Country, 2018 to 2033

Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 62: Europe Market Value (US$ Million) Analysis by Grade, 2018 to 2033

Figure 63: Europe Market Volume (Tons) Analysis by Grade, 2018 to 2033

Figure 64: Europe Market Value Share (%) and BPS Analysis by Grade, 2023 to 2033

Figure 65: Europe Market Y-o-Y Growth (%) Projections by Grade, 2023 to 2033

Figure 66: Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 67: Europe Market Volume (Tons) Analysis by Application, 2018 to 2033

Figure 68: Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 69: Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 70: Europe Market Attractiveness by Grade, 2023 to 2033

Figure 71: Europe Market Attractiveness by Application, 2023 to 2033

Figure 72: Europe Market Attractiveness by Country, 2023 to 2033

Figure 73: Asia Pacific Market Value (US$ Million) by Grade, 2023 to 2033

Figure 74: Asia Pacific Market Value (US$ Million) by Application, 2023 to 2033

Figure 75: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033

Figure 76: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 77: Asia Pacific Market Volume (Tons) Analysis by Country, 2018 to 2033

Figure 78: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 79: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 80: Asia Pacific Market Value (US$ Million) Analysis by Grade, 2018 to 2033

Figure 81: Asia Pacific Market Volume (Tons) Analysis by Grade, 2018 to 2033

Figure 82: Asia Pacific Market Value Share (%) and BPS Analysis by Grade, 2023 to 2033

Figure 83: Asia Pacific Market Y-o-Y Growth (%) Projections by Grade, 2023 to 2033

Figure 84: Asia Pacific Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 85: Asia Pacific Market Volume (Tons) Analysis by Application, 2018 to 2033

Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 88: Asia Pacific Market Attractiveness by Grade, 2023 to 2033

Figure 89: Asia Pacific Market Attractiveness by Application, 2023 to 2033

Figure 90: Asia Pacific Market Attractiveness by Country, 2023 to 2033

Figure 91: MEA Market Value (US$ Million) by Grade, 2023 to 2033

Figure 92: MEA Market Value (US$ Million) by Application, 2023 to 2033

Figure 93: MEA Market Value (US$ Million) by Country, 2023 to 2033

Figure 94: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 95: MEA Market Volume (Tons) Analysis by Country, 2018 to 2033

Figure 96: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 97: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 98: MEA Market Value (US$ Million) Analysis by Grade, 2018 to 2033

Figure 99: MEA Market Volume (Tons) Analysis by Grade, 2018 to 2033

Figure 100: MEA Market Value Share (%) and BPS Analysis by Grade, 2023 to 2033

Figure 101: MEA Market Y-o-Y Growth (%) Projections by Grade, 2023 to 2033

Figure 102: MEA Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 103: MEA Market Volume (Tons) Analysis by Application, 2018 to 2033

Figure 104: MEA Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 105: MEA Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 106: MEA Market Attractiveness by Grade, 2023 to 2033

Figure 107: MEA Market Attractiveness by Application, 2023 to 2033

Figure 108: MEA Market Attractiveness by Country, 2023 to 2033