Global Pyrrolidone Market To Make Great Impact In Near Future by 2020

Pyrrolidone Market

Pyrrolidone Market

Zion Research has published a new report titled “Pyrrolidone (2-Pyrrolidone, N-Methylpyrrolidone, N-Vinylpyrrolidone, N-Octylpyrrolidone) Market for Recovery of Pure Hydrocarbons, Paints and Coatings, Desulfurization of Gases, Plastics, Agrochemicals and Others Applications – Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020”. According to the report, global pyrrolidone market was valued at around USD 1.75 billion in 2014 and is expected to reach USD 2.50 billion in 2020, growing at a CAGR of around 6.0% between 2015 and 2020. In terms of volume, the global pyrrolidone market stood at above 460 kilo tons in 2014.

Get a copy of Sample Report: http://www.marketresearchstore.com/report/pyrrolidone-market-z49317#RequestSample

Pyrrolidone is an organic compound which is obtained by reaction of butyrolactone with ammonia. Pyrrolidone is a colorless liquid, used in dehumidifying liquids. Due to this property, pyrrolidone is extensively used to extract natural gas from the mixture of crude oil. Increasing demand of natural gas in developed as well as the developing countries drives the global pyrrolidone market. Pyrrolidone is used in different applications such as production of SBR latex, lube oil processing, metal finishing etc. It also used as intermediate for the synthesis of agrochemicals, pharmaceuticals, textile auxiliaries, plasticizers, and stabilizers.

Pyrrolidone market is mainly driven by strong demand for natural gases from different countries worldwide. Pyrrolidone is used for recovery of pure hydrocarbons in petrochemical processing. The desulfurization of gases is the major application in which pyrrolidone is widely used. Pyrrolidone posses a broad range of applications in different industries such as paints and coatings, agrochemical, plastics etc., which boost the pyrrolidone market. Growing demand for medicines simultaneously increased the use of pyrrolidone as an intermediate for the synthesis of pharmaceuticals is expected to escalate demand for this compound in the years to come. However, health issues caused due to this chemical is expected to hamper growth of pyrrolidone market.

Pyrrolidone Market

On the basis of product type pyrrolidone market can be segmented into 2-pyrrolidone, N-methylpyrrolidone, N-vinylpyrrolidone, N-octylpyrrolidone. N-methylpyrrolidone was the largest product segment in 2014 and accounted for over 70% share of the total volume consumed. Owing to the use of N-methylpyrrolidone in various end-use sectors such as paints and coatings, automobile and plastics it is expected to maintain its dominance in the forecast period.  N-vinylpyrrolidone was the second largest product segment of the global pyrrolidone market in 2014. However, N-octylpyrrolidone is expected to exhibit rapid growth owing to demand from chemicals, pesticides and fertilizers industry.

Browse the full report at: http://www.marketresearchstore.com/report/pyrrolidone-market-z49317

Key application markets for pyrrolidone include recovery of pure hydrocarbons, paints and coatings, desulfurization of gases, plastics, agrochemicals and others applications such as including pharmaceuticals, electronics, etc. Recovery of pure hydrocarbons in petrochemical processing was the largest application segment for pyrrolidone in 2014, which accounted for about 25% of global consumption in 2014. Additionally, desulfurization of gases is also expected to fuel demand of pyrrolidone over the next few years. Desulfurization of gases application was the second largest application segment of pyrrolidone market.

Pyrrolidone market was dominated by Asia Pacific accounted with around 40% share in total 2014. North America and Europe was another major consumer of pyrrolidone.. Asia Pacific is expected to further complement pyrrolidone demand in the region due to increasing pharmaceuticals production in India and China.

Key players operating in this market includes Ashland Inc, BASF SE, J&K Chemical Ltd, Abtonsmart Chemical Co., Ltd., Hefei TNJ Chemical Industry Co., Ltd., NIPPON SHOKUBAI Co., Ltd., Balaji Amines Ltd., and LyondellBasell Industries.

The report segments the global pyrrolidone market into:

Global Pyrrolidone Market: Product Segment Analysis

  • 2-Pyrrolidone
  • N-Methylpyrrolidone
  • N-Vinylpyrrolidone
  • N-Octylpyrrolidone

Global Pyrrolidone Market: Application Segment Analysis

  • Recovery of pure hydrocarbons
  • Paints and coatings
  • Desulfurization of gases
  • Plastics
  • Agrochemicals
  • Others (Including pharmaceuticals, electronics, etc.)

Global Pyrrolidone Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East & Africa

About Us

Zion Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Zion Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact US:

Joel John
3422 SW 15 Street,Suit #8138
Deerfield Beach,Florida 33442
United States
Toll Free: +1-855-465-4651 (USA-CANADA)
Tel: +1-386-310-3803
Email: sales@marketresearchstore.com
Website: http://www.marketresearchstore.com

Angelina Paule is a Research Journalism in Market Research Industry. She is working at Market Research Store as Research Journalism. If you like his work, feel free to contact him Facebook, Google+, Linkedin
Send an Inquiry

Contact

Your Name (required) :

Your Email (required) :

Contact :

Subject :

Your Message :

Leave a Reply

Your email address will not be published. Required fields are marked *

Twitter Auto Publish Powered By : XYZScripts.com