N-Methyl-2-Pyrrolidone Market Forecast to Reach $938 Million by 2025 Increasing Industrialization Coupled With the Growth Rising Demand for NMP From the Pharmaceutical Industry Is Again Expected to Accelerate the Market Growth of N-methyl-2-pyrrolidone Over the Forecast Period.
BriefingWire.com, 4/22/2021 - N-Methyl-2-Pyrrolidone Market is forecast to reach $938 million by 2025, after growing at a CAGR of 4.8% during 2020-2025. Growth in refinery projects coupled with economic development across emerging countries like China and India is expected to increase market growth over the forecast period of N-Methyl-2-Pyrrolidone. Moreover, the low cost of production of N-Methyl-2-Pyrrolidone and various companies are following smart strategies such as marketing their product offering in the market which is further expected to accelerate the growth of N-Methyl-2-Pyrrolidone industry over the forecast period.