N-Methyl-2-Pyrrolidone Market, By Application (Electronics, Petrochemical Processing, Agrochemicals, Pharmaceuticals, Paints & coatings, Industrial cleaners, Others), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Jun 2023

Code : CMI3860

Pages :170

Formats :

Excel and PDF

Industry : Specialty and Fine Chemicals

Market News

Global N-Methyl-2-Pyrrolidone Market- Recent Developments

In December 1, 2020, BASF SE announced to increase prices for butanediol (BDO) and its derivatives in Europe with immediate effect or as existing contracts permits. BDO and its derivatives are utilized to produce engineering plastics, polyurethanes, pharmaceuticals, solvents, and elastic spandex fibers. BASF SE (BASF) is a chemical company. It carries out the production, marketing and sales of chemicals, plastics, crop protection products, and performance products. Its product line comprises solvents, adhesives, surfactants, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides. The company serves a wide range of industries including construction, furniture and wood, agriculture, electronics and electrical, paints and coatings, automotive, home care, nutrition, chemicals, and others.
On October 19, 2022, LyondellBasell announced that PT Polytama Propindo would use LyondellBasell's Spheripol technology for the expansion of its existing facility. The process technology would be used for an additional 300 KTA polypropylene plant to be built in Balongan, West Java, Indonesia, which is expected to be completed in 2024. LyondellBasell Industries NV (LyondellBasell) is a chemical company. It manufactures and sells plastics, petrochemicals, and basic chemicals. The company also refines crude oil to convert it into refined products such as diesel, gasoline, and jet fuel.
On August 22, 2021, LyondellBasell Industries N.V. announced plans of establishing a new manufacturing plant for propylene oxide (PO) and tertiary butyl alcohol (TBA). LyondellBasell Industries N.V. uses propylene oxide as a raw material to produce butanediol, which is further used to manufacture N-Methyl- 2- Pyrrolidone (NMP).