Natural gas is a useful fuel as it burns cleanly and efficiently. It is used on a large-scale for domestic purposes. Production of natural gas has increased significantly due to technological advancements in extraction methods. Pyrrolidone is used widely to extract natural gas from crude oil. Demand for pyrrolidone is increasing due to rising demand for natural gas. Thus, higher demand for natural gas is expected to boost the demand for pyrrolidone. Increasing demand for pyrrolidone in end-user industries, especially in the production of PVC, is also likely to propel demand for pyrrolidone. Pyrrolidone is widely used as a substitute for hydrocarbons. There are four major types of pyrrolidone: 2-Pyrrolidone, N-Methylpyrrolidone, N-Vinylpyrrolidone and N-Octylpyrrolidone. Industries such as automobiles, paints and coatings, food and plastics employ pyrrolidone on a large scale in a wide range of applications such as solvents, pharmaceutical drugs, and in home and personal care products.
This study analyzes, estimates and forecasts the global pyrrolidone market in terms of demand based on volume (Kilo tons) and revenue (USD million) from 2014 to 2020. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.
The report provides a detailed view of the pyrrolidone market based on product types and key applications. It segments the market into product types. These include 2-Pyrroliodne, N-Methylpyrrolidone, N-Vinylpyrrolidone and N-Octylpyrrolidone. Key application segments include recovery of pure hydrocarbons in petroleum, paints and coatings, desulfurization of gases, plastics, agrochemicals and others such as manufacture of pharmaceuticals and electronic equipment. Furthermore, the report segments the market based on key geographies such as North America, Europe, Asia Pacific and Rest of the World (RoW). It also provides market volume and revenue for each application and product segment under every regional segment.
Based on the pyrrolidone application segment, the report analyzes the attractiveness of each segment with the help of an attractiveness tool. The study includes value chain analysis, which provides a better understanding of key players in the supply chain (from raw material manufacturers to end-users). Additionally, the study analyzes market competition and industry players using Porter’s five forces analysis.
The report includes an overview of the market share of key companies in the global pyrrolidone market. Key market participants profiled in the study include Ashland Inc, BASF SE, Abtonsmart Chemical Co., Ltd., J&K Chemical Ltd, LyondellBasell Industries, NIPPON SHOKUBAI Co., Ltd., Hefei TNJ Chemical Industry Co., Ltd., and Balaji Amines Ltd. Profiles of key participants comprise parameters such as company overview, product portfolio, financial overview, business strategy and recent developments.
Primary research represents the bulk of our research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights and recognizing business opportunities.
Secondary research sources that are typically referred to include company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases and relevant patent and regulatory databases. Other sources include national government documents, statistical databases, and market reports, news articles, press releases and webcasts specific to the companies operating in the market. Secondary sources referred for pyrrolidone study include ICIS, The REACH, WikiGenes, Plastemart and company presentations.
The report segments the global pyrrolidone market as: