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Pyrrolidone Market Size, Share & Industry Analysis, By Type (2-Pyrrolidone, N-Methylpyrrolidone, N-Octylpyrrolidone and N-Vinylpyrrolidone), By End-Use Industry (Chemical, Pharmaceuticals, Personal Care, Electronics and Other) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105101 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Pyrrolidone or 2-pyrrolidone is an organic compound and simplest of the gamma-lactams. It consists of a 5-membered lactam. It is colorless hygroscopic liquid, soluble in water and most common organic solvents. It is widely used to manufacture Pyrrolidone derivatives widely used in industrial sector. It is employed in natural gas extraction process from a mixture of crude oil. It is also used in synthesis of various drugs, herbicides, fungicides, pesticides, and insecticides.


Increasing demand for natural gas is expected to raise the demand for pyrrolidone. Increasing technological advancement in extraction processes have boosted the natural gas exploration activities which further increased the demand for Pyrrolidone. Additionally, increasing demand from chemical and pharmaceutical sector for pyrrolidone derivatives like NMP, n-octylpyrrolidone, n-vinylpyrrolidone, and others is likely to fuel the demand for pyrrolidone.

However, there are certain stringent regulations imposed by regulatory authorities regarding the use and exposure limit for pyrrolidone. This is likely to hinder the market growth.

Up Arrow

Key Market Driver -

Increasing demand from industrial sector.

Down Arrow

Key Market Restraint -

Stringent regulations imposed by regulatory authorities


Market Segmentation:


Based on type, the global rigid packaging market is segmented into 2-pyrrolidone, n-methyl pyrrolidone, n-octylpyrrolidone and n-vinylpyrrolidone. Based on end-use industry, market is segmented into chemical, pharmaceuticals, personal care, electronics, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:


The global pyrrolidone market consists of global & regional players operating. Some of the key players in the market BASF, Ashland, Eastman Chemical Company, Mitsubishi Chemical Corporation, Johnson Matthey, Lyondellbasell, J&K Chemicals, Abtonsment Chemical, and others.

Key Insights



  • New Advancements in Production Technologies

  • Key Trends in the Pyrrolidone Market

  • New Product Launches, Expansions, Key Players

  • Ranking of Key Players in the Market


Regional Analysis:


The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.  Asia pacific is anticipated to hold the largest share in market attributed to the growing demand from end-user industry. Increasing demand from pharmaceutical sector is one of the major factor influencing regional growth. North America is expected to show significant growth due to increasing natural gas exploration activities. Europe is expected to exhibit considerable growth due to demand pharmaceutical and other industrial applications. Latin America & Middle East & Africa shall exhibit sluggish growth by the end of forecast period.

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Segmentation






















 ATTRIBUTE

   DETAILS

By Type

  • 2-Pyrrolidone

  • N-Methylpyrrolidone

  • N-Octylpyrrolidone

  • N-Vinylpyrrolidone

By End-Use Industry

  • Chemical

  • Pharmaceuticals

  • Personal Care

  • Electronics

  • Others

By Geography

  • North America (U.S., and Canada)

  • Europe (Germany, UK, France, Italy, and Rest of Europe)

  • Asia Pacific (China, India, Japan, and Rest of Asia Pacific)

  • Latin America (Mexico, Brazil, and Rest of Latin America)

  • Middle East & Africa (UAE, South Africa, and Rest of Middle East & Africa)




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Pyrrolidone Market Report
  • Ongoing
  • 2023
  • 2019-2022
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