Delustering Agent Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.0 Billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030.
Looking ahead from 2023 to 2033, the Electronic Grade NMP market is projected to continue its upward trajectory. The global market size, valued at approximately USD 1.25 billion in 2023, is expected to reach around USD 2.10 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.8%. This growth is anticipated to be driven by:
Advancements in Electronics: The ongoing miniaturization and increased functionality of electronic devices will necessitate high-purity solvents in manufacturing processes.
Expansion of Electric Vehicles: As EV adoption rises, the corresponding demand for lithium-ion batteries will boost NMP consumption.
Emerging Applications: New uses in areas like energy storage and advanced materials could further drive demand.
However, the market may face challenges, including stringent environmental regulations due to potential health and ecological impacts of NMP. Manufacturers are investing in sustainable practices, such as closed-loop recycling and exploring bio-based NMP alternatives, to mitigate these concerns.
In my experience working within the electronics manufacturing industry, the critical role of high-purity solvents like NMP cannot be overstated. Their importance in ensuring product quality and performance underscores the need for ongoing innovation and adherence to environmental standards in the sector.
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The Electronic Grade N-Methylpyrrolidone (NMP) market has witnessed significant developments between 2018 and 2022, setting the stage for anticipated trends from 2023 to 2033. This high-purity solvent, essential in electronics manufacturing, has seen its demand influenced by various industry dynamics.
Between 2018 and 2022, the market experienced steady growth, primarily driven by the rapid expansion of the electronics sector. The increasing production of semiconductors and LEDs, fueled by the surge in consumer electronics and smart devices, significantly bolstered the need for high-purity solvents like NMP. Its unique properties, such as high solvency, low volatility, and excellent chemical stability, made it indispensable in manufacturing processes. Additionally, the rise of the electric vehicle (EV) market led to an increased demand for lithium-ion batteries, where NMP plays a critical role in electrode fabrication. As governments and consumers pushed for greener technologies, the demand for NMP correspondingly increased.
Evonik Industries
PPG Industries
Huntsman Corporation
Imerys Minerals Ltd.
W.R. Grace and Company
J. M. Huber Corporation
BYK Additives & Instruments
Akzonobel
Arkema
Lubrizol
Allnex
PQ Corporation
Axalta Coating Systems
Michelman
Inc
Quantum Silicones
Toyobo
Dalian Fuchang Chemical Group Co.
Ltd.
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Delustering Agent Market
Industrial
Architectural
Leather
Wood
Printing Inks
Others
Based on Types the Market is categorized into Below types that held the largest Delustering Agent market share In 2023.
Silica
Waxes
Thermoplastics
Others
Global (United States, Global 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 Delustering Agent 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 Delustering Agent Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Delustering Agent Market, By Type
6. Global Delustering Agent Market, By Application
7. Global Delustering Agent Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Delustering Agent Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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