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The Asia Pacific Industrial Grade N-Octyl-2-Pyrrolidone market size was valued at US$ 43.6 million in 2024 and is projected to reach US$ 56.2 million by 2030, at a CAGR of 4.3% during the forecast period 2024-2030.
Industrial grade N-Octyl-2-Pyrrolidone is a specialty solvent used in various industrial applications, including agrochemicals, electronics cleaning, and paint stripping, known for its high solvency power and low volatility.
The Asia Pacific industrial grade N-Octyl-2-Pyrrolidone market is growing steadily, driven by diverse industrial applications. China accounts for 50% of the market, followed by Japan at 20% and South Korea at 15%. In 2023, the agrochemical industry consumed 40% of the total production, with electronics cleaning applications at 25%. The market experienced a 7% growth in demand from the paint and coatings industry for environmentally friendly paint strippers. Key players include Ashland (USA) and BASF (Germany), holding a combined 55% market share in the region. The industry faces challenges in raw material sourcing, with a 10% increase in butyrolactone prices impacting production costs in 2023. Sustainability initiatives have led to a 15% increase in bio-based N-Octyl-2-Pyrrolidone research. R&D investments grew by 12% in 2023, focusing on developing high-purity grades for semiconductor cleaning applications. The market is benefiting from stringent environmental regulations, with a 8% shift from traditional solvents to N-Octyl-2-Pyrrolidone in various applications.
Report Includes
This report is an essential reference for who looks for detailed information on Asia Pacific Industrial Grade N-Octyl-2-Pyrrolidone. The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Industrial Grade N-Octyl-2-Pyrrolidone, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.
This report aims to provide a comprehensive presentation of the Asia Pacific Industrial Grade N-Octyl-2-Pyrrolidone, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Industrial Grade N-Octyl-2-Pyrrolidone. This report contains market size and forecasts of Industrial Grade N-Octyl-2-Pyrrolidone in Asia Pacific, including the following market information:
We surveyed the Industrial Grade N-Octyl-2-Pyrrolidone manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
• China
• India
• Japan
• South Korea
• Australia
• Thailand
• Indonesia
• Purity 98%
• Purity 99%
• Others
• Pharmaceuticals
• Electronic Chemicals
• Industrial Cleaning
• Others
• BASF SE
• Mitsubishi Chemical Corporation
• Ashland
• Eastman Chemical Company
• Sumitomo Chemical
• Arkema
• Evonik Industries AG
• Solvay
• Mitsui Chemicals
• LG Chem
Including or excluding key companies relevant to your analysis.
The report also provides analysis of leading market participants including:
• Key companies Industrial Grade N-Octyl-2-Pyrrolidone revenues in Asia Pacific market, 2019-2024 (Estimated), ($ millions)
• Key companies Industrial Grade N-Octyl-2-Pyrrolidone revenues share in Asia Pacific market, 2023 (%)
• Key companies Industrial Grade N-Octyl-2-Pyrrolidone sales in Asia Pacific market, 2019-2024 (Estimated),
• Key companies Industrial Grade N-Octyl-2-Pyrrolidone sales share in Asia Pacific market, 2023 (%)
Key Points of this Report:
• The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis
• The report covers Asia Pacific and country-wise market of Industrial Grade N-Octyl-2-Pyrrolidone
• It describes present situation, historical background and future forecast
• Comprehensive data showing Industrial Grade N-Octyl-2-Pyrrolidone capacities, production, consumption, trade statistics, and prices in the recent years are provided
• The report indicates a wealth of information on Industrial Grade N-Octyl-2-Pyrrolidone manufacturers
• Industrial Grade N-Octyl-2-Pyrrolidone forecast for next five years, including market volumes and prices is also provided
• Raw Material Supply and Downstream Consumer Information is also included
• Any other user's requirements which is feasible for us
Reasons to Purchase this Report:
• Analyzing the outlook of the market with the recent trends and SWOT analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
• Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
• Distribution Channel sales Analysis by Value
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 1-year analyst support, along with the data support in excel format.
1.1 Product Overview and Scope of Industrial Grade N-Octyl-2-Pyrrolidone
1.2.1 Asia Pacific Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 Purity 98%
1.2.3 Purity 99%
1.2.4 Others
1.3.1 Asia Pacific Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Pharmaceuticals
1.3.3 Electronic Chemicals
1.3.4 Industrial Cleaning
1.3.5 Others
1.4 Asia Pacific Market Growth Prospects
1.4.1 Asia Pacific Revenue Estimates and Forecasts (2019-2030)
1.4.2 Asia Pacific Production Estimates and Forecasts (2019-2030)
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 PESTEL Analysis
2.1.3 Porter’s Five Forces Analysis
2.2 Potential Market and Growth Potential Analysis
3.1 Asia Pacific Production by Manufacturers (2019-2023)
3.2 Asia Pacific Revenue Market Share by Manufacturers (2019-2023)
3.3 Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Asia Pacific Average Price by Manufacturers (2019-2023)
3.5 Manufacturers Production Sites, Area Served, Product Type
3.6 Market Competitive Situation and Trends
3.6.1 Market Concentration Rate
3.6.2 Asia Pacific 5 and 10 Largest Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4.1 Asia Pacific Production
4.1.1 Asia Pacific Production YoY Growth Rate (2019-2023)
4.1.2 Asia Pacific Production, Revenue, Price and Gross Margin (2019-2024)
5.1 Asia Pacific
5.1.1 Asia Pacific Consumption by Country
5.1.2 Asia Pacific Sales, Consumption, Export, Import (2019-2023)
5.1.1 China
5.2.2 India
5.3.3 Japan
5.4.4 South Korea
5.5.5 Australia
5.6.6 Thailand
5.7.7 Indonesia
6.1 Asia Pacific Production Market Share by Type (2019-2024)
6.2 Asia Pacific Revenue Market Share by Type (2019-2024)
6.3 Asia Pacific Price by Type (2019-2024)
7.1 Asia Pacific Production Market Share by Application (2019-2024)
7.2 Asia Pacific Revenue Market Share by Application (2019-2024)
7.3 Asia Pacific Price by Application (2019-2024)
8.1 BASF SE
8.1.1 BASF SE Corporation Information
8.1.2 BASF SE Product Portfolio
8.1.3 BASF SE Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.1.4 BASF SE Main Business and Markets Served
8.1.5 BASF SE Recent Developments/Updates
8.2 Mitsubishi Chemical Corporation
8.2.1 Mitsubishi Chemical Corporation Corporation Information
8.2.2 Mitsubishi Chemical Corporation Product Portfolio
8.2.3 Mitsubishi Chemical Corporation Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.2.4 Mitsubishi Chemical Corporation Main Business and Markets Served
8.2.5 Mitsubishi Chemical Corporation Recent Developments/Updates
8.3 Ashland
8.3.1 Ashland Corporation Information
8.3.2 Ashland Product Portfolio
8.3.3 Ashland Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.3.4 Ashland Main Business and Markets Served
8.3.5 Ashland Recent Developments/Updates
8.4 Eastman Chemical Company
8.4.1 Eastman Chemical Company Corporation Information
8.4.2 Eastman Chemical Company Product Portfolio
8.4.3 Eastman Chemical Company Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.4.4 Eastman Chemical Company Main Business and Markets Served
8.4.5 Eastman Chemical Company Recent Developments/Updates
8.5 Sumitomo Chemical
8.5.1 Sumitomo Chemical Corporation Information
8.5.2 Sumitomo Chemical Product Portfolio
8.5.3 Sumitomo Chemical Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.5.4 Sumitomo Chemical Main Business and Markets Served
8.5.5 Sumitomo Chemical Recent Developments/Updates
8.6 Arkema
8.6.1 Arkema Corporation Information
8.6.2 Arkema Product Portfolio
8.6.3 Arkema Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.6.4 Arkema Main Business and Markets Served
8.6.5 Arkema Recent Developments/Updates
8.7 Evonik Industries AG
8.7.1 Evonik Industries AG Corporation Information
8.7.2 Evonik Industries AG Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.7.3 Evonik Industries AG Main Business and Markets Served
8.7.4 Evonik Industries AG Recent Developments/Updates
8.8 Solvay
8.8.1 Solvay Corporation Information
8.8.2 Solvay Product Portfolio
8.8.3 Solvay Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.8.4 Solvay Main Business and Markets Served
8.8.5 Solvay Recent Developments/Updates
8.9 Mitsui Chemicals
8.9.1 Mitsui Chemicals Corporation Information
8.9.2 Mitsui Chemicals Product Portfolio
8.9.3 Mitsui Chemicals Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.9.4 Mitsui Chemicals Main Business and Markets Served
8.9.5 Mitsui Chemicals Recent Developments/Updates
8.10 LG Chem
8.10.1 LG Chem Corporation Information
8.10.2 LG Chem Product Portfolio
8.10.3 LG Chem Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.10.4 LG Chem Main Business and Markets Served
8.10.5 LG Chem Recent Developments/Updates
9.1 Key Raw Materials Analysis
9.1.1 Key Raw Materials
9.1.2 Key Suppliers of Raw Materials
9.2 Proportion of Manufacturing Cost Structure
9.3 Manufacturing Process Analysis of Industrial Grade N-Octyl-2-Pyrrolidone
9.4 Industrial Chain Analysis
10.1 Marketing Channel
10.2 Distributors List
10.3 Customers
11.1 Industry Trends
11.2 Market Drivers
11.3 Market Challenges
11.4 Market Restraints
12.1 Asia Pacific Production, Revenue Forecast (2024-2030)
13.1 Asia Pacific Forecasted Consumption of by Country
14.1 Asia Pacific Production, Revenue and Price Forecast by Type (2024-2030)
14.1.1 Asia Pacific Forecasted Production of by Type (2024-2030)
14.1.2 Asia Pacific Forecasted Revenue of by Type (2024-2030)
14.1.3 Asia Pacific Forecasted Price of by Type (2024-2030)
14.2 Asia Pacific Production, Revenue and Price Forecast by Application (2024-2030)
14.2.1 Asia Pacific Forecasted Production of by Application (2024-2030)
14.2.2 Asia Pacific Forecasted Revenue of by Application (2024-2030)
14.2.3 Asia Pacific Forecasted Price of by Application (2024-2030)
16.1 Methodology/Research Approach
16.1.1 Research Programs/Design
16.1.2 Market Size Estimation
16.1.3 Market Breakdown and Data Triangulation
16.2 Data Source
16.2.1 Secondary Sources
16.2.2 Primary Sources
16.3 Author List
16.4 Disclaimer
17.1 Note
17.2 Examples of Clients
Frequently Asked Questions ?
