Global Pyrrolidone Market 2018-2022 with Ashland, BASF, Eastman Chemical Company, Lyondellbasell Industries, Mitsubishi Chemical & Nippon Shokubai Dominating

March 14, 2018 | By forimmediaterelease.net - | Filed in: Press Releases.

The global pyrrolidone market to grow at a CAGR of 5.65 % during the period 2018-2022.

Global Pyrrolidone Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, one of the major drivers for this market is Growing consumption in petrochemicals industry. Although pyrrolidones are used in a diversified range of industries, it is extensively used in the petrochemicals industry. N-methylpyrrolidone, a pyrrolidone derivative, is used as an extraction medium in petrochemicals industry to extract natural gas from a mixture of crude oil or gas.

Natural gas is an efficient fuel, which provides a cleaner alternative to coal and other fossil fuels resulting in lowering the carbon and other harmful emissions. With the rising demand for natural gas in developing nations as well as developed nations, the consumption of pyrrolidone will increase at a significant rate.

The latest trend gaining momentum in the market is increasing use in the pharmaceutical industry. Pyrrolidones are extensively used in pharmaceuticals and biomedical applications. For instance, Nmethylpyrrolidone is used as co-solvents or solvents in the pharmaceutical industry. As the use of pyrrolidones in pharmaceuticals is gaining attention, its adoption rate is increasing at a steady rate. It also acts as a very strong solubilizing agent; as solubilizing excipient used in parenteral and oral medications. It also finds extensive use as an important solvent for the extraction, purification, and crystallization of drugs. It is also used in veterinary medicines.

Further, the report states that one of the major factors hindering the growth of this market is Increasing usage of substitutes. The global pyrrolidone market is facing a threat due to the presence of substitutes such as ethylene glycol, toluene, benzene, isophorone, and dimethyl sulfoxide (DMSO). Among these, polyacrylamides are used in the hydrocarbons recovery. Partially hydrolyzed polyacrylamide, as well as polyacrylamidebased gels, is used in the hydrocarbons production at a large scale. Also, DMSO is among the important solvents owing its excellent solvency and solubility in both polar and non-polar compounds.

Key vendors

  • Ashland
  • BASF
  • Eastman Chemical Company
  • LyondellBasell Industries Holdings
  • Mitsubishi Chemical Corporation
  • NIPPON SHOKUBAI

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market sizing 2017
  • Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 07: MARKET SEGMENTATION BY PRODUCT

  • Segmentation by product
  • Comparison by product
  • N-methylpyrrolidone – Market size and forecast 2017-2022
  • N-vinylpyrrolidone – Market size and forecast 2017-2022
  • N-octylpyrrolidone – Market size and forecast 2017-2022
  • Others – Market size and forecast 2017-2022
  • Market opportunity by product

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • APAC – Market size and forecast 2017-2022
  • EMEA – Market size and forecast 2017-2022
  • Americas – Market size and forecast 2017-2022
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Increasing use in the pharmaceutical industry
  • Growing prominence for bio-based solvents

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive landscape

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

PART 15: APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/zszqql/global?w=5

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Cision View original content:http://www.prnewswire.com/news-releases/global-pyrrolidone-market-2018-2022-with-ashland-basf-eastman-chemical-company-lyondellbasell-industries-mitsubishi-chemical–nippon-shokubai-dominating-300614012.html

SOURCE Research and Markets

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