N-METHYL-2-PYRROLIDONE MARKET ANALYSIS

Market Challenges And Opportunities

Global N-Methyl-2-Pyrrolidone Market - Drivers

• Growing demand for N-Methyl-2-Pyrrolidone from the electronic industry
• Rising demand for N-Methyl-2-Pyrrolidone from the automotive industry

Global N-Methyl-2-Pyrrolidone Market - Opportunities

• The rising demand for N-Methyl-2-Pyrrolidone from pharmaceutical industry
• Increasing application of NMP in the manufacturing of magnetic wire coatings

Global N-Methyl-2-Pyrrolidone Market- Restraints

• Side-effects associated with prolonged exposure to NMP

Side effects associated with prolonged exposure to NMP are projected to restrict the use of the product which in turn will hamper the market growth. Prolonged exposure to NMP may cause skin, eye irritation, and other health issues which are expected to limit the use of N-Methyl-2-Pyrrolidone. Moreover, the increasing focus of manufacturers on conducting various R&D activities in order to develop an ideal substitute for NMP with toxicity is expected to hamper the market growth over the forecast period.