
The global N-Methyl-2-Pyrrolidone (NMP) market is expected to observe modest growth over a five-year forecast period, 2015-2020. Expanding at a 5.4% of CAGR during the assessed period, the global NMP market will possibly attain the revenues of US$ 985.3 Mn by 2020 end.The market for NMP in developing Asian countries will be primarily driven by increasing urbanization and industrialization, coupled with rampantly evolving infrastructure development realm. Attributed to its chemical properties, such as higher flame point and lower volatility, N-Methyl-2-Pyrrolidone finds various applications several end-use industries. This will remain a key factor driving the demand on a global level. Industrial applications in a sweeping range of verticals, including electronics, pharmaceuticals, petrochemical, agrochemical, paints and coatings, and industrial cleaning will also continue to drive the market for N-Methylpyrrolidone over the next few years.