N-Methyl-2-Pyrrolidone (NMP) Market

FMI Analyzes Impact of COVID-19 on N-Methyl-2-

Pyrrolidone (NMP) Market; Stakeholders to Focus on

Long-term Dimensions

Sep 2020

Report Id : REP-GB-625

Published on : 21-March-2018

Category : Chemicals and Materials

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Research Methodology (1/2)

Systematic Research Approach

Market profiling

Formulating discussion guide

Developing list of respondents

Data collection

Data validation

4

5

3

1

2

In-depth secondary research is used to

ascertain overall market size, top

industry players, top products, industry

associations, etc.

FMI formulates a detailed discussion

guide to conduct expert and industry

interviews

FMI develops a list of industry players

(manufacturers), distributors, retailers

and industry experts

FMI conducts interviews with industry

experts, industry players, distributors

and retailers

Data is validated by triangulation

method, wherein secondary, primary

and FMI analysis contribute to the final

data

Data

Collection

Data Filter

& Analysis

Identifying key opinion leaders

Questionnaire design

In-depth interviews

Coverage across value chain

Market participants

Key strengths

Product portfolio

Mapping as per value chain

Key focus segments

A

Primary

Research

C

Company

Analysis

Research &

Intelligence

SOLUTION

Actionable

Insights

B

Desk

Research

Business

Solution

Key industry experts

Channel study

Developments

Market dynamics

Products

Conclusions

Data analysis

6

Data is scrutinized using MS-Excel to

obtain qualitative and quantitative

insights about the industry

Primary Research #

Secondary Research #

Paid Publications#

Insights

7

FMI delivers industry insights and

information in the required format

(PDF)

Linkedin

Zoominfo

Salesforce

Avention

Company websites

Company annual

reports

White papers

Financial reports

Factiva

GBI

Genios

Meltwater



# includes sources of databases

3

N-Methyl-2-Pyrrolidone (NMP) Market Analysis

Recycle and reuse practices are impacting the sales of virgin materials, resulting into lesser

dependency on volume-driven growth. New materials are showcasing potential for driving

value-based growth, but chemical companies are still some time away from achieving

voluminous production, while maintaining high quality at the same time. Barring few

exceptions, a majority of players are still prioritizing short-term volume growth over longterm

value growth. Pressure on improving bottom-line is influencing manufacturers to

improve efficiency and reduce operational costs. The impact of value-driven growth may not

be visible in the short-term, but long-term outlook remains in favor of a balanced approach

between value and volume.

Manufacturers are under increasing pressure to incorporate digital solutions in their

offerings. Forward-thinking manufacturers are investing in technology to reduce human

interference and streamline key operational aspects such as ordering and shipping.

Resonating its influence over every industry, Internet of Things (IoT) has the potential to

transform and disrupt the chemical sector.

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Connectivity through IoT devices is gaining traction, whereas product-level sensors on

dispensing equipment and barrels are helping manufacturers track their consignments

digitally. Through assessment of long-term benefits, chemical companies are capitalizing on

digitization by adopting digital platforms & processes that eliminate human error in profitassociated

operations.

Manufacturers continue seeking low-priced feedstock in a bid to marginally reduce preproduction

costs. Industry leaders are joining forces to replace fossil fuel-derived feedstock

with bio-based alternatives. However, concerns related to producing affordable and

sustainable feedstock at mass scale remains a challenge. Access to quality and affordable

feedstock will continue to remain a focus area for manufacturers. Chemical manufacturing

processes are running on limited energy, while volume of feedstock is getting stranded at

ports as disapproval from import authorities keeps disrupting supply chains in sectors, such

as oleochemicals and petrochemicals industries.

Chemical manufacturers have promised support and adherence to governments & regional

authorities that are committing towards green, sustainable initiatives. Development of bioalternatives

is gaining momentum.



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Research & academic institutes are teaming up with manufacturers to formulate

sustainable substitutes for commonly-used chemical substrates. Many companies are

keeping a close eye on advancements in “green chemistry.” Shift towards eco-friendly

chemicals will gain momentum in the future on the back of government regulations and

end-user preference. Rising costs of fossil fuels will also instrument the upsurge for

sustainable chemicals manufacturing.

Market Taxonomy

By Application

Petrochemical

processing

Paints & Coatings

Industrial Cleaners

Electronics

Agrochemicals

Pharmaceutical

Others



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By Region

Data Collection

North America

Latin America

Western Europe

Eastern Europe

SEA & Pacific

Japan

MEA

China

FMI collects data from secondary sources including company annual reports, association

publications, industry presentations, white papers, and company press releases apart from

these we leverage over paid database subscriptions and industry.

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https://www.futuremarketinsights.com/reports/global-n-methyl-2-pyrrolidonemarket#idMethodology



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After being done with desk research, detailed questionnaire and discussion guide is

formulated to initiate primary research with key industry personnel; the discussion aims at

collecting key insights, growth perspectives, prevalent market trends and quantitative

insights including market size and competition developments. Both of these research

approaches help us in arriving at base year numbers and market hypothesis.

Data Validation

In this phase, FMI validates the data using macro and micro economic factors. For instance,

growth in electricity consumption, industry value added, other industry factors, economic

performance, growth of top players and sector performance is closely studied to arrive at

precise estimates and refine anomalies if any.

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N-Methyl-2-Pyrrolidone (NMP) Market

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