Global Pyrrolidone Market 2018-2022 – Growing Consumption in Petrochemicals Industry Driving Market growth – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The "Global
Pyrrolidone Market 2018-2022" report has been added to ResearchAndMarkets.com's
offering.
The global pyrrolidone market to grow at a CAGR of 5.65 % during the
period 2018-2022.
Global Pyrrolidone Market 2018-2022, has been prepared based on an
in-depth market analysis with inputs from industry experts. The report
covers the market landscape and its growth prospects over the coming
years. The report also includes a discussion of the key vendors
operating in this market.
According to the report, one of the major drivers for this market is
Growing consumption in petrochemicals industry. Although pyrrolidones
are used in a diversified range of industries, it is extensively used in
the petrochemicals industry. N-methylpyrrolidone, a pyrrolidone
derivative, is used as an extraction medium in petrochemicals industry
to extract natural gas from a mixture of crude oil or gas.
Natural gas is an efficient fuel, which provides a cleaner alternative
to coal and other fossil fuels resulting in lowering the carbon and
other harmful emissions. With the rising demand for natural gas in
developing nations as well as developed nations, the consumption of
pyrrolidone will increase at a significant rate.
The latest trend gaining momentum in the market is increasing use in the
pharmaceutical industry. Pyrrolidones are extensively used in
pharmaceuticals and biomedical applications. For instance,
Nmethylpyrrolidone is used as co-solvents or solvents in the
pharmaceutical industry. As the use of pyrrolidones in pharmaceuticals
is gaining attention, its adoption rate is increasing at a steady rate.
It also acts as a very strong solubilizing agent; as solubilizing
excipient used in parenteral and oral medications. It also finds
extensive use as an important solvent for the extraction, purification,
and crystallization of drugs. It is also used in veterinary medicines.
Key vendors
- Ashland
- BASF
- Eastman Chemical Company
- LyondellBasell Industries Holdings
- Mitsubishi Chemical Corporation
- NIPPON SHOKUBAI
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Market Sizing
Part 06: Five Forces Analysis
Part 07: Market Segmentation By Product
Part 08: Customer Landscape
Part 09: Regional Landscape
Part 10: Decision Framework
Part 11: Drivers And Challenges
Part 12: Market Trends
Part 13: Vendor Landscape
Part 14: Vendor Analysis
Part 15: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/qr8sw3/global?w=4
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Related
Topics: Solvents
, Pharmaceutical
Intermediates, Oilfield
Chemicals
