Global Pyrrolidone (2-Pyrrolidone, N-Methylpyrrolidone, N-Vinylpyrrolidone, N-Octylpyrrolidone) Market Size By Product, By Application, By Geographic Scope and Forecast

Jan 2021| VMR4013A| Verified Market Research

Report Highlights

Pyrrolidone (2-Pyrrolidone, N-Methylpyrrolidone, N-Vinylpyrrolidone, N-Octylpyrrolidone) Market Size ; Forecast

Pyrrolidone (2-Pyrrolidone, N-Methylpyrrolidone, N-Vinylpyrrolidone, N-Octylpyrrolidone) Market was valued at USD 2.25 Billion in 2019 and is projected to reach USD 3.52 Billion by 2027, growing at a CAGR of 5.78% from 2020 to 2027.

Global Pyrrolidone (2-Pyrrolidone, N-Methylpyrrolidone, N-Vinylpyrrolidone, N-Octylpyrrolidone) Market Outlook

The increasing demand for plasticizers from end-use sectors, rising demand for natural gases from developing countries, and the use of pyrrolidone to recover pure hydrocarbons in the petroleum industry is expected to fuel the growth of the global Pyrrolidonemarket. Moreover, the rising demand for pyrrolidone in the pharmaceutical industry across the globe is likely to drive the demand for the forecast period. Whereas, volatile raw material prices, strict regulatory framework for the use of phthalate plasticizers, and human health hazards are the potential restraints hampering the overall market. However, technological advancements leading to new varieties of chemicals, and untapped potential in emerging markets offers the favorable growth opportunities.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global PyrrolidoneMarket is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.

Pyrrolidone (2-Pyrrolidone, N-Methylpyrrolidone, N-Vinylpyrrolidone, N-Octylpyrrolidone) Market Competitive Landscape

The Global PyrrolidoneMarket study report will provide a valuable insight with an emphasis on global market including some of the major players such as Abtonsmart Chemical Co. Ltd., Ashland Inc., BASF SE, Balaji Amines, Zhejiang Realsun Chemical Industry Co. Ltd, Hefei TNJ Chemical Industry Co. Ltd., J ; K Chemical Ltd., LyondellBasell Industries, Mitsubishi Chemical Engineering Corporation, NIPPON SHOKUBAI Co. Ltd., and Others.

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