Global N-Ethyl-2-Pyrrolidone Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

Paints & Coatings and Industrial Cleaners Segment.

By End User;

Pharmaceutical Companies, Agrochemical Companies, Cosmetics and Personal Care Manufacturers, Textile and Apparel Industry, Electronics Manufacturers, Other End Users.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn146032815 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global N-Ethyl-2-Pyrrolidone Market (USD Million), 2021 - 2031

In the year 2024, the Global N-Ethyl-2-Pyrrolidone Market was valued at USD 185.35 million. The size of this market is expected to increase to USD 266.06 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.3%.

The global N-Ethyl-2-Pyrrolidone (NEP) market is a dynamic segment within the chemical industry, driven by its versatile applications across various sectors. NEP, a solvent characterized by its high solvency and low volatility, finds extensive use in industries such as pharmaceuticals, electronics, agrochemicals, and paints & coatings. Its ability to dissolve a wide range of substances makes it indispensable in formulations requiring effective solubility and stability.

In recent years, the NEP market has witnessed steady growth owing to its role as a key ingredient in the production of pharmaceuticals and agrochemicals, where it serves as a solvent for active ingredients and a carrier for formulations. Additionally, the electronics industry has increasingly utilized NEP in cleaning applications due to its effectiveness in removing contaminants without causing damage to sensitive components. The expansion of these end-user industries, coupled with ongoing advancements in chemical manufacturing processes, continues to bolster the demand for NEP globally.

Regionally, Asia Pacific holds a significant share in the NEP market, driven by robust industrial activities in countries like China, India, and Japan. These nations serve as manufacturing hubs for electronics, pharmaceuticals, and chemicals, thereby creating a substantial demand for NEP. Moreover, stringent environmental regulations in developed regions such as North America and Europe have spurred the adoption of NEP as a safer alternative to traditional solvents, further propelling market growth. As the global economy rebounds and industrial activities expand, the N-Ethyl-2-Pyrrolidone market is poised for continued evolution and innovation to meet the diverse demands of modern industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By Region
    3. Market Snapshot, By End User
  4. Global N-Ethyl-2-Pyrrolidone Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Solvency
        2. Low volatility
        3. Regulatory compliance
        4. Versatility
      2. Restraints
        1. Environmental regulations
        2. Health concerns
        3. Competition from alternative solvents
        4. Volatility in raw material prices
      3. Opportunities
        1. Green solvents
        2. Emerging applications
        3. Technological advancements
        4. Growth in electronics industry
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global N-Ethyl-2-Pyrrolidone Market, By Application, 2021 - 2031 (USD Million)
      1. Paints & coatings
      2. Industrial cleaners segment.
    2. Global N-Ethyl-2-Pyrrolidone Market, By End User, 2021 - 2031 (USD Million)
      1. Pharmaceutical Companies
      2. Agrochemical Companies
      3. Cosmetics
      4. Personal Care Manufacturers
      5. Textile and Apparel Industry
      6. Electronics Manufacturers
      7. Other End Users
    3. Global N-Ethyl-2-Pyrrolidone Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF SE
      2. Ashland Inc.
      3. Puyang Guangming Chemicals Co., Ltd.
      4. Balaji Amines Ltd.
      5. Hefei TNJ Chemical Industry Co.
  7. Analyst Views
  8. Future Outlook of the Market