N-Methyl-2-Pyrrolidone (NMP), an organic compound, belongs to class of dipolar aprotic solvents. Miscible property of N-Methyl-2-Pyrrolidone has resulted into high demand across various applications in end-use industries. Owing to its solvency properties, NMP is utilized to dissolve a wide range of chemicals in order to use as polymers across many end-use industries. NMP is also utilized as a solvent for surface treatment of metal coated plastic, resins and textiles. These factor have driven high demand for N-Methyl-2-Pyrrolidone around the world.
N-Methyl-2-Pyrrolidone finds its use in a wide range of industrial verticals that include electronics, agrochemicals, pharmaceutical, petrochemical, paints & coatings and industrial cleaning. Characterized based on lower volatility & higher flame point, N-Methyl-2-Pyrrolidone holds a huge market in global chemicals industry. Industrial applications are expected to drive the market growth of N-Methyl-2-Pyrrolidone in the near future. A study by Persistence Market Research (PMR) states that the global N-Methyl-2-Pyrrolidone market is projected to register an impressive 5.4% CAGR during 2015 to 2020, to reach revenues worth US$ 985.3 Mn by 2020.
Increasing Demand for Agrochemicals to propel the Growth of Global NMP Market
Burgeoning N-Methyl-2-Pyrrolidone’s applications by various end-use industries is expected to prominently drive the demand for NMP. For meeting the global electronic production level, electronics industry is expected to drive the demand forN-Methyl-2-Pyrrolidone. Also, increasing demand for agrochemicals is likely to create opportunities for NMP over the next few years. Another key facto projected to sustain the market growth is flourishing pharmaceutical industry. In addition, growing demand for NMP from developing regions, especially from regions based in APAC (Asia Pacific), will continue to propel the growth of the global N-Methyl-2-Pyrrolidone market.
However, N-Methyl-2-Pyrrolidone will be continued to be labelled as a developmental, reproductive toxin, by several regulatory bodies around the world, especially in Europe and North America. This expected to be a long-term challenge in the growth of the global N-Methyl-2-Pyrrolidone market. Further, decline in market growth in terms of applications among paints & coatings industry and industrial cleaning is expected to result in limited adoption of N-Methyl-2-Pyrrolidone among these industries in the near future.
A Non-Toxic Inkjet Printed Graphene
Researchers from University of Manchester had produced the non-toxic, water-based inks prepared from flakes of materials such as tungsten disulfide and graphene. Demonstration of inks’ promise was done by producing two electronic components utilising inkjet-printed heterostructures. These non-toxic inks are likely to be crucial for biomedical applications. Inkjet printing seems ideal but requires stable inks possessing suitable properties. Owing to the tendency to blend when printed in layers, previous inks were rendered unsuitable for heterostructures. They often required toxic solvents. Implantation of a device possessing N-Methyl-2-Pyrrolidone in the human body, however, was forbidden. But the new non-toxic inks have made it easy.
Key Trends Observed in the Global N-Methyl-2-Pyrrolidone Market Include
- Opportunities from soaring research & development activities in order to comply with government regulations & policies
- Increase utilisation of N-Methyl-2-Pyrrolidone as solvents for polymers
- Growing adoption of N-Methyl-2-Pyrrolidone in the process of extracting pure hydrocarbons
Soaring use of NMP in the manufacturing of topical & tran
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