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

By Products;

N-methylpyrrolidone, N-vinylpyrrolidone, N-octylpyrrolidone, and Others.

By Application;

Solvents, De-Colorants, Plasticizers, and Others.

By End-user;

Electronics, Cosmetics, Chemical Processing, Pharmaceutical, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn106492047 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Pyrrolidone Market (USD Million), 2021 - 2031

In the year 2024, the Global Pyrrolidone Market was valued at USD 2,631.04 million. The size of this market is expected to increase to USD 3,776.82 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.3%.

The global pyrrolidone market is experiencing growth, driven by the increasing demand for pyrrolidone and its derivatives across a variety of industries, including pharmaceuticals, personal care, agrochemicals, and electronics. Pyrrolidone, a versatile organic solvent and intermediate, is widely used in the production of solvents, resins, and as a key ingredient in drug formulations. Its properties as a solvent for both hydrophilic and hydrophobic substances make it a valuable compound in industries that require high-performance formulations. In the pharmaceutical sector, pyrrolidone is utilized in the synthesis of active pharmaceutical ingredients (APIs) and as a stabilizing agent for certain drugs, driving continued demand for the chemical.

The personal care and cosmetics industries are also contributing to the growing pyrrolidone market. Pyrrolidone is commonly used in formulations for skincare, haircare, and cosmetic products due to its ability to enhance the texture and stability of products. It serves as a humectant and emollient, helping to retain moisture in cosmetic formulations and improve the overall feel of the products. With rising global demand for cosmetic products, particularly in emerging markets where disposable incomes are rising, the application of pyrrolidone in personal care formulations is expected to grow substantially.

Additionally, the use of pyrrolidone in the agrochemical industry is gaining traction, as it is used in the formulation of various herbicides, fungicides, and insecticides. Its ability to act as a solvent and carrier in agrochemical formulations enhances the efficacy of active ingredients, improving the performance of crop protection products. As agriculture continues to evolve with increasing demand for higher yields and more effective pest control methods, pyrrolidone is playing a pivotal role in the development of more efficient agrochemical solutions. However, the market also faces challenges such as regulatory scrutiny and the fluctuating prices of raw materials used in pyrrolidone production. Despite these challenges, the pyrrolidone market is poised for continued growth driven by its diverse applications and the expanding demand across various sectors.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Products
    2. Market Snapshot, By Application
    3. Market Snapshot, By End-user
    4. Market Snapshot, By Region
  4. Global Pyrrolidone Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Pyrrolidone in Pharmaceuticals for Drug Formulations and APIs
        2. Growth in the Personal Care and Cosmetics Industry Driving Pyrrolidone Use in Product Formulations
        3. Rising Use of Pyrrolidone in Agrochemicals for Enhanced Solubility and Efficacy of Crop Protection Products
        4. Expanding Electronics Industry Utilizes Pyrrolidone in Manufacturing of Polymers and Semiconductors
        5. Increasing Adoption of Pyrrolidone in Industrial and Commercial Applications due to Its Solvent Properties
      2. Restraints
        1. Regulatory Challenges Related to the Safety and Environmental Impact of Pyrrolidone
        2. Volatile Prices of Raw Materials Impacting Production Costs of Pyrrolidone
        3. Health and Environmental Concerns Over Synthetic Chemicals in Consumer Products
        4. Limited Awareness of Pyrrolidone’s Applications in Some Emerging Markets
        5. Competition from Alternative Solvents and Chemicals in Key Industries
      3. Opportunities
        1. Growth of the Pharmaceutical Industry in Emerging Economies Boosting Demand for Pyrrolidone
        2. Development of Bio-based and Eco-friendly Pyrrolidone Production Methods
        3. Expanding Applications in Advanced Materials and Electronics Industries
        4. Increasing Consumer Preference for Natural and Sustainable Personal Care Products Utilizing Pyrrolidone
        5. Potential for Pyrrolidone in Innovative Agricultural Solutions for Sustainable Crop Protection
    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 Pyrrolidone Market, By Products, 2021 - 2031 (USD Million)
      1. N-methylpyrrolidone
      2. N-vinylpyrrolidone
      3. N-octylpyrrolidone
      4. Others
    2. Global Pyrrolidone Market, By Application, 2021 - 2031 (USD Million)
      1. Solvents
      2. De-Colorants
      3. Plasticizers
      4. Others
    3. Global Pyrrolidone Market, By End-user, 2021 - 2031 (USD Million)
      1. Electronics
      2. Cosmetics
      3. Chemical Processing
      4. Pharmaceutical
      5. Others
    4. Global 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 (Association of South East Asian Countries)
        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. Ashland
      2. BASF
      3. Eastman Chemical Company
      4. LyondellBasell Industries Holdings
      5. Mitsubishi Chemical Corporation
      6. NIPPON SHOKUBAI
  7. Analyst Views
  8. Future Outlook of the Market