The N-Ethyl-2-Pyrrolidone Market is Expected to Reach USD 1.98 Million by 2032, with a CAGR of 5.1%

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n-ethyl-2-pyrrolidone

The global n-ethyl-2-pyrrolidone (NEP) market Steady growth is expected to occur throughout the forecast period at a compound annual growth rate (CAGR) of 5.1%, reaching a valuation of US$1.98 million by 2032, up from US$1.20 million in 2022.

Major industry suppliers are actively broadening the applications of NEP, which serves as a replacement for n-methyl-2-pyrrolidone (NMP). Its versatile properties as a highly polar aprotic solvent make it increasingly popular in coating and inkjet formulations, as well as a solvent for electronics processing, driving the growth of the NEP market.

Chemists take advantage of NEP’s hydroxyl functionality to integrate pyrrolidone functionality into various polymers, increasing the product’s versatility. NEP is typically packaged in plastic bottles for smaller quantities and plastic drums for industrial use. Manufacturing facilities adhere to ISO 9001:2015 standards and offer EXCiPACT GMP certifications.

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Key industry players focus on various sectors, including printing and ink, and recognize the importance of ink adhesion and color consistency. They ensure balanced pigment distribution to maintain uniform color and prevent bleeding. With a range of intermediates and solvents, these players aim to tackle all printing challenges with effective solutions.

Drivers and restrictions

Regulatory agencies such as the Environmental Protection Agency (EPA) in the US and the European Chemical Agency (ECHA) have raised concerns about the use of NMP in applications such as paints and coatings and industrial cleaners. Due to its classification as a reproductive toxin, stricter regulations and restrictions are expected for its use in these sectors.

As a result, NEP emerged as a potential replacement for NMP, with similar properties. However, NEP has also been categorized as a reproductive toxin, raising concerns about its use in certain applications that face similar regulatory scrutiny as NMP.

Despite these challenges, the growth of end-use industries is expected to drive demand for NEP. Nevertheless, these regulatory concerns and classification of reproductive toxins are likely to contribute to slower growth in the global N-Ethyl-2-Pyrrolidone market over the forecast period.

Regional perspective

The global N-Ethyl-2-Pyrrolidone market is divided into seven major regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and the Middle East & Africa.

The expansion of various industries, especially in the emerging economies of the Asia-Pacific region, is expected to drive the demand for N-Ethyl-2-Pyrrolidone in these areas. Furthermore, Asia Pacific holds a significant portion of the production capacity for N-Ethyl-2-Pyrrolidone, further cementing its position as a major contributor to the global market.

Top key players

Some of the identified major participants in the global N-Ethyl-2-Pyrrolidone market are as follows:

  • BASF SE
  • Ashland Inc.
  • Puyang Guangming Chemicals Co., Ltd.
  • Balaji Amines Ltd
  • Hefei TNJ Chemical Industry Co., Ltd.

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Segmentation

By application

  • paints and coatings
  • Industrial cleaners segment.

By end user

  • Paints and coatings
  • Industrial cleaners
  • Pharmaceutical products
  • Electronics
  • Petrochemical processing
  • Others

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