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N Methyl 2 Pyrrolidone (NMP) Market Key Insights
N Methyl 2 Pyrrolidone (NMP) Market Analysis by Regions
N Methyl 2 Pyrrolidone (NMP) Market Analysis by Segments
N Methyl 2 Pyrrolidone (NMP) Market Size (current and future)
N Methyl 2 Pyrrolidone (NMP) Market Competitive Benchmarking
2 years ago
N-Methyl-2-Pyrrolidone (NMP) Market By End User (Petrochemicals, Electronics, Pharmaceuticals, Agrochemicals, Paints & Coatings) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023
N-Methyl-2-Pyrrolidone (NMP) is a colorless liquid which when impure appears to be yellow. It is miscible with almost all organic solvents and water. It is known by many other names such as N-Methylpyrrolidone, N-Methylpyrrolidinone which is also known as Pharmasolve and 1-Methyl-2-Pyrrolidone. N-Methyl-2-Pyrrolidone fit in the group of dipolar aprotic solvents which include dimethyl sulfoxide...
N Methyl 2 Pyrrolidone (NMP) Market
N-Methyl-2-Pyrrolidone (NMP) is a special chemical with a growing demand in the automotive industry. The major drivers are the application in a wide range of end-use sectors, like agrochemical paints and coatings. These chemicals are exceptionally soluble in lower ketones, ethyl acetate and other hydrocarbons.
It has many different advantages, such as being soluble and eco-friendly. There is also a growing investment and health care expansion, driving the market demand.
The pharmaceutical sector also utilizes the chemical to a great degree which is a factor that drives the market demand. The major restraint is the high investment required in electric cars, which may hamper market growth.
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