Pyrrolidone Market Growing at 5.65% CAGR to 2022

Pyrrolidone market detailed analysis of trends, growth drivers, industry, challenges and opportunities for the business. 2022 Pyrrolidone market report considers the revenue generated from the sales of pyrrolidone.

February 16, 2018 /MarketersMedia/ —

Pyrrolidone market is Chemicals report includes in-depth analysis of market, price, segmentations, forecast years, table of content, regions. Companies are Ashland, BASF, Eastman Chemical Company, LyondellBasell Industries Holdings, Mitsubishi Chemical Corporation, and NIPPON SHOKUBAI. The analysts forecast global pyrrolidone market to grow at a CAGR of 5.65 % during the period 2018-2022.

The latest trend gaining momentum in the Pyrrolidone 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.

According to the Pyrrolidone market 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.

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Further, the Pyrrolidone market 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.

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Pyrrolidone is an organic solvent that consists of a 5-membered lactam. Pyrrolidone has excellent solvency and is miscible with water and other most commonly used organic solvents. Pyrrolidone is obtained by the reaction of butyrolactone with ammonia.

Table of Contents
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
Ashland
Basf
Eastman Chemical Company
Lyondellbasell Industries Holdings
Mitsubishi Chemical Corporation
Nippon Shokubai
PART 15: Appendix
List of Abbreviations

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