Global Pyrrolidone Market 2018-2022

To identify growth opportunities in the pyrrolidone market, the market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2017-2022. APAC will grow faster than the overall market. The growth of EMEA and the Americas will be slower than the global market.

Below are some of the key findings from the pyrrolidone market research report

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Global pyrrolidone industry overview

Factors such as rapid growth in the industrialization in APAC countries such as China, India, Indonesia, and Vietnam, rising per capita income, and increasing middle-class population will drive the demand for pyrrolidone. Also, the growth in pharmaceuticals production due to the presence of major pharmaceutical players will drive the growth of the pyrrolidone market in APAC, thus, resulting in the growth of the global pyrrolidone market.

The rising usage of pyrrolidones in the pharmaceutical industry is one of the key trends that will contribute to market growth in the forthcoming years. A pyrrolidone derivative, N-methylpyrrolidone is increasingly used as co-solvents or solvents in the pharmaceutical industry. The extreme popularity of pyrrolidones in pharmaceuticals has increased its adoption rate due to its benefits such as strong solubilizing agent and as a solubilizing excipient used in parenteral and oral medications. Owing to such factors, the pyrrolidone market is expected to grow at a CAGR of nearly 6% during the forecast period.

Top pyrrolidone companies covered in this market research report

The pyrrolidone market is fairly fragmented with multiple players occupying the market share. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this pyrrolidone industry analysis report is designed to aid clients identify and build new growth strategies.

The report offers a complete analysis of various companies including:

• Ashland
• BASF    
• Eastman Chemical Company     
• LyondellBasell Industries Holdings          
• Mitsubishi Chemical Corporation            
• NIPPON SHOKUBAI       

Pyrrolidone market segmentation based on geographic regions

• Americas
• APAC
• EMEA

APAC dominated the global pyrrolidone market in 2017, accounting for a market share of close to 44%. It was followed by EMEA and the Americas, respectively. The APAC region will continue to dominate the pyrrolidone market throughout the forecast period.

Pyrrolidone market segmentation based on products

• N-methylpyrrolidone
• N-vinylpyrrolidone
• N-octylpyrrolidone
• Others

The N-methylpyrrolidone product segment will account for the highest growth in the market. Additionally, the report will also provide an accurate prediction of the contribution of the various product segments to the growth of the pyrrolidone market size.

Key highlights of the global pyrrolidone market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the pyrrolidone market during the next five years
• Precise estimation of the global pyrrolidone market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the pyrrolidone industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of the pyrrolidone companies

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