1-Phenyl-2-Pyrrolidinone Market size was valued at USD 150 Million in 2024 and is projected to reach USD 250 Million by 2033, exhibiting a CAGR of 6.5% from 2026 to 2033.
The global 1 Phenyl 2 Pyrrolidinone market was valued at approximately USD 180 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030. This market is driven by its extensive use in the pharmaceutical and chemical industries, where it serves as an intermediate in the synthesis of various active ingredients. The growth is further supported by the increasing demand for high quality chemical compounds in developing economies. In terms of volume, the market is expected to witness steady expansion, with a rise in demand from sectors such as agrochemicals, cosmetics, and polymers. As of 2022, the global market size was split between North America, Europe, and Asia Pacific, with Asia Pacific holding the largest share due to rapid industrialization and growing pharmaceutical sectors in countries like China and India.
Regionally, Asia Pacific is projected to maintain its dominance over the forecast period, accounting for more than 45% of the global market share in 2022. The regions demand is driven by increasing manufacturing activities, the rise in chemical production, and the growth of pharmaceutical industries. North America and Europe are expected to witness steady growth, with North America focusing on advanced chemical applications in the pharmaceutical and agricultural sectors. The European market is also anticipated to expand due to its high demand for specialty chemicals. Opportunities in these regions include innovations in synthetic routes and eco friendly production processes, which are likely to enhance the overall market dynamics and demand for 1 Phenyl 2 Pyrrolidinone.
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MYJ Chemical
Shandong Guoyao Chemical
Zhengzhou Alfa Chemical
Henan Allgreen Chemical
Shandong Shenglan Chemical Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global 1-Phenyl-2-Pyrrolidinone Market
Pharmaceutical Industry
Cosmetic Industry
Food & Beverage Industry
Agrochemical Industry
Others
Pharmaceutical Grade
Industrial Grade
Food Grade
Powder
Liquid
Above 98%
95%-98%
Below 95%
Pharmaceutical Manufacturers
Cosmetics Manufacturers
Food Manufacturers
Agrochemical Manufacturers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global 1-Phenyl-2-Pyrrolidinone Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global 1-Phenyl-2-Pyrrolidinone Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global 1-Phenyl-2-Pyrrolidinone Market, By Type
6. Global 1-Phenyl-2-Pyrrolidinone Market, By Application
7. Global 1-Phenyl-2-Pyrrolidinone Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global 1-Phenyl-2-Pyrrolidinone Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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