N-Ethyl-2-Pyrrolidone Market Strategies and Forecasts, 2015 to 2025
N-Ethyl-2-Pyrrolidone, commonly referred to as NEP, is a highly polar aprotic solvent having a chemical structure C6H11NO. The chemical, depending on the application, is used either as a catalyst or a surfactant or as a solvent. This highly stable weak alkaline organic solvent exhibits complete miscibility in water and is soluble in organic solvents. Moreover, N-Ethyl-2-Pyrrolidone is a colorless to yellow liquid characterized by an amine like odor and is used in certain chemical reactions involving hydrolysis, condensation, polymerization among others. NEP often finds application as a substitute for N-Methyl-2-Pyrrolidone (NMP) which is used on a wider scale across diverse industries. NEP is consumed by diverse industries such as paints & coatings, industrial cleaners, petrochemical processing, desulfurization of gases, among others.
N-Ethyl-2-Pyrrolidone Market: Drivers & Restraints
The use of NMP in applications such as in paints & coatings and industrial cleaners which involve prolonged exposure to the chemical has been under scrutiny by regulatory bodies such as Environmental Protection Agency (EPA) – US and European Chemical Agency (ECHA). It has been identified as a reproductive toxin and as such its use in these applications is expected to witness stringent regulations and/or restrictions. NEP, which exhibited properties similar to those of NMP was considered an apt replacement for NMP. However, NEP too has been classified as a reproductive toxin, as such, its use in certain applications is expected to witness the same fate as that of NMP. However, the growth of end use industries is likely to result in growth in demand for NEP. These aforementioned factors in turn are expected to result in a sluggish growth of global N-Ethyl-2-Pyrrolidone market over the forecast period.
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N-Ethyl-2-Pyrrolidone Market: Segmentation
On the basis of end use industries, global N-Ethyl-2-Pyrrolidone market can be segmented into following key market segments:
- Paints & Coatings
- Industrial Cleaners
- Petrochemical Processing
Global N-Ethyl-2-Pyrrolidone market is expected to witness a sluggish growth in application areas such as paints & coatings and Industrial cleaners segment.
N-Ethyl-2-Pyrrolidone Market: Region-wise Outlook
On the basis of geographic regions, global N-Ethyl-2-Pyrrolidone market is segmented into seven key market segments namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. The growth of end use industries, especially in developing countries in Asia Pacific is expected to pave way for the growth of global N-Ethyl-2-Pyrrolidone market value in these regions. The region (Asia Pacific) also accounts for a major share in N-Ethyl-2-Pyrrolidone production capaicty.
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N-Ethyl-2-Pyrrolidone Market: Key Players
Some of the identified major participants of 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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