Widely applicable in a range of industrial verticals, including petrochemical, electronics, pharmaceuticals, agrochemicals, industrial cleaning, and paints and coatings, N-Methyl-2-Pyrrolidone is especially characterized on the basis of higher flame point and lower volatility. This colorless, organic, polar aprotic solvent is also known as N-Methylpyrrolidone (NMP). NMP forms a sizeable market in the global chemicals industry. Industrial applications will continue to drive the market for N-Methylpyrrolidone over the next few years. The global N-Methyl-2-Pyrrolidone market is likely to register a moderate CAGR of 5.4% over 2015-2020. The market is anticipated to attain the revenues worth US$ 985.3 Mn by the end of 2020. Market Dynamics Burgeoning applications of N-Methyl-2-Pyrrolidone by a variety of end-use industries will remain the most prominent factor bolstering the growth of the global NMP market. Exploding consumer electronics industry is expected to fuel the...
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