The global GLB and NMP market was valued at 883.83 Million USD in 2021 and will grow with a CAGR of 9.81% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

N-Methyl-2-pyrrolidone (NMP) is an important polar solvent with strong selectivity and stability. It is a colorless oily liquid and has slight amine odor, which can be soluble in water, alcohols, ethers, esters, ketones, halogenated hydrocarbons, aromatics and castor oil.NMP has the advantages of low toxicity, high boiling point, high solubility, etc. NMP has wide applications in electronics, pharmaceuticals, Chemical, petrochemical processing and others. γ-Butyrolactone (GBL) is a hygroscopic colorless, water-miscible liquid with a weak characteristic odor. It is the simplest 4-carbon lactone. It is mainly used as an intermediate in the production of other chemicals, e.g. methyl-2-pyrrolidone. Global GLB and NMP key players include Synmiway Chemical, BASF, Yuneng Chemical, etc. Global top three manufacturers hold a share over 50%. Asia-Pacific is the largest market, with a share about 75%, followed by Europe, and North America, both have a share over 15 percent. In terms of product, NMP is the largest segment, with a share over 85%. And in terms of application, the largest application is Electronics, followed by Pharmaceuticals, etc.

By Market Verdors:

BASF

Mitsubishi Chemical

Londellbasell

Ashland

Eastman

Synmiway Chemical

MYI Chemical

Yuneng Chemical

Ganzhou Zhongneng

Guangming Chemicals

Ruian Chemical

By Types:

GBL

NMP

By Applications:

Electronics

Pharmaceuticals

Chemical

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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