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Yogurt Packaging Market Size & Share | Global Industry Report for 2030

Yogurt Packaging Market– An Overview

Yogurt is a dairy product that is prepared by bacterial fermentation of milk. In recent times, it has been a popular dairy product for an average milk-consuming person. Consumption of yogurt has witnessed growth in most of the developed and developing countries due to its antioxidant properties and protection against osteoporosis to relieving irritable bowel disease and aiding digestion.

Yogurt is packed in sealable and barrier film enabled containers, pouches, and cups that keep it safe from light, dust and moisture and extend its shelf life. Yogurt packaging is also lightweight and extremely handy, since yogurt is highly perishable and is purchased by a normal consumer in low quantities.

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Yogurt Packaging Market- Dynamics

All the leading packaging companies of dairy products worldwide are trying to own a stake in the yogurt packaging market. Yogurt is mostly packed in PE-HD bottles sealed with heat-sealed closures, aluminum containers, molded cups and pouches. In addition, bottles made of other materials, like plastic (PET) are in made by some manufacturers.

For a longer shelf life, heat-treated drinking-yogurt products packaging materials are made from plastic, aluminium foil and paperboard with good heat bearing capacities and light-barrier properties. Flexible yogurt packaging is aseptic and sterilized to avoid contamination of yogurt through packed material.

With the rise of e-commerce and presence of retailers online, yogurt is supplied to the customer within an hour to a day, which is a boost to the yogurt packaging industry. Manufacturers are constantly finding new ways to develop yogurt packaging that could preserve it and extend its shelf life without refrigerating or cooling it.

The global packaging market is pushing itself towards a plastic-free society, although the plastic packaging market is flourishing in FMCG sector but regulations posed by many countries are forcing packagers to change their material towards a more eco- friendly substance like paper or molded fibre.

Yogurt packaging plastic is a recyclable plastic and is popular in demand by customers and manufacturers. Vegan yogurt is a recent trend in the yogurt market, which utilizes almond, coconut or soymilk and packing it is a challenge for the manufacturers, who are coming up with new designs and shapes for vegan yogurt packaging.

Yogurt Packaging Market- Regional Outlook

Asia Pacific and Middle East already consume high milk products and are mature markets for yogurt packaging but they have potential to rise with upcoming vegan yogurt packaging market. North America and Europe are lucrative markets and provide high technology for packaging, which is a positive driver for expansion of yogurt packaging in these regions.

Africa and neighbouring regions remain underperforming markets for yogurt packaging but are believed to gain traction and increase sales for yogurt and hence positively affecting yogurt packaging.

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Yogurt Packaging Market- Key Players

Key players in the yogurt packaging market are –

Chobani Global Holdings, LLC
Bakoma Sp. Z O.O.
Danone SA
Dana Dairy Group
Morinaga Nutritional Foods, Inc.
Valio Ltd.
Yofix Probiotics Ltd.
Adelphi Group of Companies
Tetra Laval International
BW Packaging Systems
Lindquist Machine Corporation
Sealed Air Corporation
Orion Packaging System and many more.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on yogurt packaging market segments and geographies.

Regional Analysis Includes

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa (MEA)

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Yogurt Packaging Market- Segmentation

Yogurt packaging market segmentation on the basis of type of packaging:

Cups
Molding Cups
Pouches
Squeeze Pouches
Stand Up Pouches
Containers
Tetra Paks
Aluminum Containers
PET Jars and Bottles
Others
Opaque /non-opaque Plastics Bags
Bag in a box

Yogurt packaging market segmentation on the basis of type of yogurt:

Dairy
Vegan

Yogurt packaging market segmentation on the basis of sales medium:

B2B/Direct
B2C/Indirect
Hypermarket/Supermarket
Convenience Stores
Discount Stores
Specialty Stores
E-commerce, Online Retailers
Traditional Groceries
Others

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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U.S. Wine Cork Market is estimated to create an incremental opportunity of US$ 4.7 Mn during 2022-2032

Consumers prefer to buy wines with cork stoppers. Cork demand has increased due to a larger proportion of wine being sealed with cork rather than being sold in bulk. The wine cork allows optimum control of oxygen transfer through the closure. The outer flexible skin of wine cork provides a traditional appearance.

The elastic property of the cork is influenced by its moisture content. The cork remains fairly elastic for insertion into the bottle within a moisture content. The cork stopper has exclusive distinctive qualities, which interact beneficially with wine. It contributes to developing its character, gives it authenticity and brings it value.

The cork stopper has unique capacities such as impermeability and resistance, which allows managing micro-oxygenation and flawlessly ensures a successful maturation and aging of the wine, while preserving its essence, flexibility etc.

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Global wine cork market: Key Developments

In October 2016, Helix packaging company, based in Carlton, Australia developed innovative cork system known as twist-to-open. The new twist-to-open system combines an ergonomically-designed stopper which is made from glass bottle and cork. This creates a high performing and sophisticated packaging solution for wine. Helix Packaging Company has combined all the benefits of cork and glass – quality, sustainability and premium image – with user-friendly, twist open, re-sealable convenience.

Global wine cork market overview

Worldwide wine cork production is estimated to be slightly less than 13 billion in 2017. The estimate includes agglomerated cork stoppers and champagne corks. Worldwide production of cork is estimated to be 3,075,000 tons in 2017.

Global wine cork market: Key players

Some of the key players in the global wine cork market are

Jelinek Cork Group,
Wine Enthusiast Companies,
Widgetco, Inc.,
Amorim Cork Composites S.A.,
Bangor Cork Inc.,
Keval Import Export private limited,
Waterloo Container Company,
M.A. Silva USA, LLC,
Helix Packaging,
Precision Elite limited company,
Elkem Silicones limited,
Allstates Rubber Inc. & Tool Corp.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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Global wine cork market: Segmentation

On the basis of product type, the global wine cork market has been segmented as

Natural Wine Corks
Ice Wine Natural Corks
Pore Filled Natural Wine Corks
Double Disc Corks or Twin Top Cork
Agglomerate Wine Corks
Synthetic Wine Corks
Regular Cork
Sparkling Wine Corks
Wine-Lok / Vinolok
Zork
Others

Natural cork is mostly used the global wine cork market. Its main objective is to preserve wine for long-term storage. Natural corks, the most popular and well-known, have been used for centuries due to the elasticity of their cellular structure. Natural cork is malleable to a certain extent, with the ability to contract and expand. It is almost airtight because some air is able to pass through natural cork, because microscopically there are holes inside the cork structure. This can be beneficial or harmful, depending on the type of wine that is stored.

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Grease Market Outlook, Current and Future Industry Landscape Analysis by 2029

In its latest report, ESOMAR-certified market research firm Future Market Insights offers an extensive study on the market for Grease. FMI provides a new study to elucidate the potential growth parameters of the Grease market. On the back of prevailing trends FMI presents a positive growth outlook.

The report is intended to present an unbiased analysis. It therefore offers incisive coverage on key market dynamics, including drivers, restraints, opportunities, and challenges. It also offers detailed information on Grease market structure. FMI’s in-house team for chemicals & materials sector gives valuable insights, validated with latest data. The report also gives access to extensive database that tracks existing and upcoming chemicals & materials trends and innovation in 100+ countries.

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Important Questions Answered in the Grease Market Report

1. How will the Grease market expand through 2032?
2. Which region is the most lucrative in the Grease market?
3. What are the recent technological developments in the Grease market?
4. What are key challenges and competition threats faced by Grease market players?
5. Who are prominent players leading the Grease market?

Grease Market: Key Segmentation

Globally, Grease market can be segmented on the basis of thickeners, and end-use industry

Based on the thickeners, Grease market can be segmented into

Metal Soaps
Non-soap thickener
Inorganic thickener
Other Thickeners

Based on the end-use industry, Grease market can be segmented into

Heavy equipment
Power generation
Automotive and transportation
Food and Beverage
Chemical manufacturing
Metal working and Metallurgy
Other end-use industry

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Grease Market: Competitive Evaluation

The FMI’s Grease market report provides a comprehensive analysis on key players operating in the Grease market. Some of the key players are:

Some of the key players involved in the production of grease are Royal Dutch Shell PLC, Chevron Corporation, Sinopec Corporation, Fuchs Petrolub SE, Idemitsu Kosan Co., Ltd., Total S.A., Petroliam Nasional Berhad (Petronas), Exxonmobil Corporation, The DOW Chemical Company, BP PLC, JX Nippon Oil & Energy Corporation and others.

With a detailed analysis on positioning of top companies across the globe, emerging players, strategic players and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of key players over the forecast period.

Why Buy FMI’s Report?

Extensive analysis on high growth niche markets across major regions
Detailed assessment on key segments and sub-segments
Recent and upcoming strategies tracked of manufacturers for the Grease market
Reliable information on new product launches, technological advancements, and more
Valuable insights on the impact of regulatory framework on the global Grease market

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Surgical Instruments Packaging Market Size, Share 2030 : Present Scenario and Growth Prospects

Surgical instruments are tools or devices which are designed to perform specific functions in surgery such as cutting, grasping, clamping, retracting and suturing. In recent years, surgical instruments packaging market is becoming a lucrative business in the healthcare sector which enhanced notably in terms of profit-generating market.

Medical instruments play a very important role to check and provide accurate medical treatment to improve the health of diseased patients. If the surgical instruments are not adequately cleaned, then it can affect the patient’s health to a serious extent. Therefore, medical instruments must be free from contamination to take utmost care of the patient and that’s why the packaging of surgical instruments becomes a point of interest.

The surgical instruments are generally made up of stainless steel, tungsten carbide, aluminium, titanium and plastic and it is available in different types of packaging types are wraps, pouches and containers. According to the requirement, these types are available in different sizes and specifications.

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The rising incidences of diseases such as cancer and increasing demand for hygiene are the factors which are primarily responsible for the expansion of surgical instruments packaging market. The packaging industries are providing innovative ways of packaging and motivating to invest in the respective research and development department which is also responsible to increase surgical instruments packaging market.

Surgical Instruments Packaging Market: Key Players

Some of the key players in surgical instruments packaging markets are

3M,
Bemis Company,
SHOTT AG,
West Pharmaceutical Services,
E. I. du Pont Nemours & Company,
Gerresheimer AG,
Steripack Contract manufacturing,
Amcor Limited,
Barger packaging Inc. and
North American sterilization & packaging company.

The key players in The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

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Surgical Instruments Packaging Market: Dynamics

The factors which drives the demand of surgical instrument packaging market are rise in chronic diseases, ageing population, recent advances in R & D division in health-care units, integrity of pharmaceuticals & medical sector, increasing application of sterile packaging in pharmaceutical and biological sector and increasing demand of healthcare units in developed as well as developing countries.

Other factors such as growing concerns on sustainability in medical packaging, pre-validated packaging with peered analysis of packaged material are also impacting the growth of surgical instruments packaging market.

On the other hand, sterilization before packaging, cleaning and storing the instruments when not in use, durability, strict regulations of government for the packaging, competition for low and high prices and lack of skilled professionals in remote areas are the restraining factors in surgical instruments packaging market.

Other factors such as population to healthcare unit ratio, medical negligence in remote areas are also hampering the surgical instruments packaging market.

Surgical Instruments Packaging Market: Regional Outlook

Overall the geographical regions, North America dominates the surgical instruments packaging market and is anticipated to remain dominated over the years due to already flourished industrial development and self-awareness in people.

Asia-Pacific region is expected to emerge as a profitable business in surgical instruments packaging market due to rapid expansion in the healthcare sector. Followed by Asia-Pacific, Europe is also an emerging market to grow in surgical instruments packaging market.

As spending capacity in the healthcare sector is improving in developing countries, surgical instruments packaging market is anticipated to have a potential growth and shows significant increase for a profitable share in the market. In addition to this, Middle-East & Africa is also likely to experience increased consumer base and appreciable growth of the surgical instruments packaging market.

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Surgical Instruments Packaging Market: Segmentation

The surgical instruments packaging market is segmented based on materials, type and sterilization methods.

The surgical instruments packaging market is segmented based on material as

Plastic
Glass
Metal

The surgical instruments packaging market is segmented based on type as

Thermoform trays
Bottles
Vials
Ampoules

The surgical instruments packaging market is segmented based on sterilization methods as

Chemical
Radiation

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Europe Rubber Derived Unrefined Pyrolysis Oil Market Projected to Increase at a Healthy CAGR of 5.5% and Top a Valuation of US$ 12,202.5 Th by 2032

The rubber derived unrefined pyrolysis oil market in Europe is estimated to be valued at around US$ 7,132.3 Th by the end of 2022, registering Y-o-Y growth of 5.1%. Sales of rubber derived unrefined pyrolysis oil are projected to increase at a healthy CAGR of 5.5% and top a valuation of US$ 12,202.5 Th by 2032.

Demand for rubber derived unrefined pyrolysis oil is anticipated to witness a CAGR of 5.5% in Europe market, opines Future Market Insights (FMI). Increase in government initiatives to decrease the utilization of crude oil derived products to reduce the carbon footprint is expected to drive the market.

Further, rising investment in waste management system including converting waste like tires into hydrocarbon-based products are expected to fuel the demand for rubber derived unrefined pyrolysis oil.

Since waste tire are significantly accumulated in the landfills, key players are witnessing significant opportunities to convert the waste tires to oil through pyrolysis process. Hence, several market participants are making investment backed by government subsidies and incentives for production of oil from waste materials to minimize the waste.

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“Growing investment by private and public firms to develop pyrolysis process for the conversion of waste products to usable fuel is expected to provide significant growth opportunity for the market of rubber derived unrefined pyrolysis oil,” says an FMI analyst.

Key Takeaways:

The rubber derived unrefined pyrolysis oil market in Europe is forecast to reach a value of US$ 12,202.5 Th by the end of the forecast period.
Germany, France and the U.K. to create about two-fifth of the overall revenue generated in the Europe market.
Fast pyrolysis production process to create an incremental $ opportunity of US$ 2,846.1 Th in between the period of 2022 and 2032.
Demand for rubber derived unrefined pyrolysis oil as automotive fuel is anticipated to grow with a growth rate of about 5.8% over the forecast period.

Competitive Landscape

SABIC, Fortum Oyj, Twence B.V., Green Fuel Nordic Corporation, Quantafuel AS, Kartepe Endüstriyel Geri Dönüşüm SAN. ve TİC. A.Ş., Pyrum Innovations AG, Tasnee and many others are the some of the manufacturers of rubber derived unrefined pyrolysis oil profiled in the full version of the report.

Key players are investing a significant amount for technology development for the production of oil from various types of waste through pyrolysis process. Prominent manufacturers are entering into the business owing to significant opportunities in the market and are investing in capacity expansion, setting up of production facilities and are collaborating with small and medium size players to enter into the untapped markets.

For instance,

BASF had announced an investment plant of about 16 million euros in 2020, collaborating with Pyrum Innovations AG for setting up of production unit for pyrolysis oil manufacturing through tires.

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More insights into the rubber derived unrefined pyrolysis oil market report

In its latest report, FMI offers an unbiased analysis of the Europe rubber derived unrefined pyrolysis oil market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on production process, end-use, and country.

Rubber Derived Unrefined Pyrolysis Oil Market Segmentation

By Production Process:

Slow Pyrolysis
Fast Pyrolysis
Flash Pyrolysis

By End Use:

Heat & Power
- Boilers
- Gas Turbine
- Diesel Engines
Automotive Fuels

By Country:

Germany
France
U.K.
Italy
Rest of Europe

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Asia Pacific Bentonite Market to expand at a CAGR of 5.9% to reach US$ 116,799.7 Th by 2032

The Asia Pacific bentonite market is right now esteemed at around US$ 65,706.9 Mn and is expected to extend at a CAGR of 5.9% to arrive at US$ 116,799.7 Mn by 2032. Developing interest for bentonite is supposed to be driven by areas like individual consideration, drug, and agrochemical.

The Asia Pacific Bentonite Market is estimated to expand at 5.9% CAGR over the forecast period. Increasing demand from the personal care and cosmetics sector is expected to augment the growth in the market over the assessment period.

Bentonite’s excellent features such as water absorpti on capacity, detoxification, and acne treatment make it ideal for use in various personal care and cosmetics products. Bentonite clay is used in sunscreen, hair cleansers, and softeners. It is also used as a thickener, absorbent, filler, texturizer, and binder in various skin and hair care products and color cosmetics.

Moreover, growing trend of using organic products is compelling personal care product manufacturers to shift towards eco-friendly and chemical-free products that are equally effective.

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Bentonite is a natural absorbent and does not have any severe side effects on health. Owing to the eco-friendly nature of bentonite, its increasing application in the personal care industry is anticipated to propel the growth of the Bentonite market in recent years.

“Increasing demand for organic personal care and cosmetic products across the globe, along with increasing investments in the pharmaceutical sector across India and China will augment the growth in the market,” says an FMI analyst.

Key Takeaways:

The Asia Pacific bentonite market is expected to attain a value of over US$ 116,799.7 Th by the end of the forecast period growing at a CAGR of 5.9% over the forecast period.
Rising demand for bentonite for usage in sunscreen, hair cleanser, and softener in personal care sector is expected to propel the growth in the market in recent years.
Bentonite is used in the pharmaceutical industry owing to its absorption property, high Alkalinity, and Antibacterial properties.
China is the second-largest pharmaceutical market in the world owing to this reason China is predicted to be the leading country in terms of Bentonite consumption.

Competitive Landscape

Ashapura Group, Kunimine Industries Co. Ltd, Wyo-Ben Inc, Manek Mineral Group, Arumpo Bentonite Pty Ltd, Organic Industries Pvt. Ltd, Swell Well Minechem Pvt. Ltd., Dae Minerals Co., Ltd, Nova Gas Technologies Inc., Boc Gases Ireland Inc., and various others are some of the key manufacturers of bentonite.

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More Insights into the Asia Pacific Bentonite Market Report

In its latest report, FMI offers an unbiased analysis of the Asia Pacific Bentonite Market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032.

To understand the Asia Pacific market potential, its gro wth, and scope, the market is segmented based on Product Type (sodium, calcium, aluminum & others), Application (absorbent, thickener, oral care, carrier/formulator, anti-inflammatory agent, WP, WDG & SC and other), End-Use (pharmaceuticals, crop protection, animal care, personal care, and ceramics) and Country.

Asia Pacific Bentonite Market by Category

By Product Type:

Aluminum
Calcium
Sodium
Other

By Application:

Absorbent
Anti-inflammatory agent
Carrier/Formulator
Oral Care
Thickener
Others

By End Use:

Animal Care
Ceramics
Crop Protection
Personal Care
Pharmaceutical

What are the Opportunities for Bentonite Manufacturers in Asia Pacific?

The combination of bentonite and cyclodextrin has the potential to promote a variety of chemical reactions in aqueous solutions under ultra-sonication, including the synthesis of xanthan, knoevenagel condensation, and octa hydro quinazolinones. It can also function as a catalyst in esterification reactions.

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Synthetic Polyisoprene Rubber Market to expand at a healthy CAGR of 6.2% to reach US$ 4.6 Bn by 2032

The global synthetic polyisoprene rubber market is anticipated to expand at a robust 6.2% CAGR over the forecast period between 2022 and 2032, finds Future Market Insights (FMI) in a recent market analysis. The synthetic polyisoprene rubber market is likely to be driven by its widespread application in the manufacturing of tires, belts, footwear, and medical accessories such as medical gloves and medical balloons.

Synthetic polyisoprene rubber is widely utilized as a basic material in tire manufacturing. The demand for synthetic polyisoprene rubber has grown due to greater awareness among employers about the use of industrial gloves and increasing demand for medical gloves. In addition to footwear, synthetic polyisoprene rubber is used in the manufacturing of adhesives & sealants, belts, and other products in the industrial and construction sectors, which is driving the synthetic polyisoprene rubber market.

The demand for synthetic polyisoprene rubber is expected to rise due to expansion in the medical sector, improvements in healthcare infrastructure, and rising establishment of hospitals and clinics.

As per FMI, the market is predicted to be dominated by East Asia, which is expected to continue over the forecast period. Backed by the aforementioned factors, the global synthetic polyisoprene rubber market is projected to top US$ 1.3 Bn by 2032.

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“Over the forecast period, sales of synthetic polyisoprene rubbers are expected to be driven by the significant growth in the medical sector, along with rising production automotives across the globe,” says and FMI analyst.

Key Takeaways:

By application, demand for synthetic polyisoprene rubber for medical accessories is expected to surge at a 6.6% CAGR over the forecast period.
The contact segment of the synthetic polyisoprene rubber market is anticipated to grow at 5.8% CAGR through 2032.
The synthetic polyisoprene rubber market in the U.S. is anticipated to expand at a 5.9% CAGR by 2032.
China will emerge as an attractive synthetic polyisoprene rubber market, with sales growing at a 7.3% CAGR.
Significant rise in the demand for tire production is propelling sales of synthetic polyisoprene rubber.

Competitive Landscape

Key players in the global synthetic polyisoprene rubber market include

Hebei Meishen Technology Co., Ltd,
Konoshima Chemical Co., Ltd.,
Kyowa Chemical Industry Co., Ltd.,
Lehmann & Voss & Co. KG,
Naikai Salt Industries Co., Ltd.,
Dr. Paul Lohmann GmbH KG,
NUOVA SIMA Srl.

Leading players are acquiring small and medium-sized players and are investing in increasing their production capacity. Along with this, they are investing in process development, and product innovations and are also focusing on green technology to reduce carbon emission. For instance:

In April 2022, SEMPERIT AG HOLDING announced its plans to expand its production lines by investing in the construction of six additional dipping lines for glove production. The company planning to invest EUR 21 million for this construction.
In March 2022, Supermax Corp. Bhd announced to start manufacturing facility for gloves in U.S.

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Synthetic Polyisoprene Rubber Market by Category

By Application:

Medical
- Medical Gloves
- Medical Balloons
- Catheters
- Fluid Transport Tubing
- Surgical Tubing
- Laporoscopic Introducer Valves
- Diagnostic Slit Septum Valves
- Ventilator Flapper Disc Valves
- Guidewire Seals
- Needless Injection
Tires
Belts
Adhesives & Sealants
Condoms
Footwear
Others

By Contact:

Contact
Contactless

By End Use:

Hospitals
- Private
- Public
Clinics
Blood & Organ Banks
Teaching Hospitals
Consumer Goods
Industrial
Automotive & Transportation

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

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N-Methyl-2-Pyrrolidone (NMP) Market Valuation to Reach US$ 2.1 Bn in 2033

The global N-Methyl-2-Pyrrolidone (NMP) market is worth US$ 956.7 Mn as of now and is expected to reach US$ 2.1 Bn Bn by the year 2033 at a CAGR of 6.28% between 2023 and 2033.

Several economies are into promotion of electric vehicles for reducing greenhouse gas emissions. They have, in fact, come up with numerous policies for promulgating electric vehicles. This is the factor accelerating the N-Methyl-2-Pyrrolidone (NMP) market going forward.

In the petrochemical vertical, downstream operations (refining processes) basically utilize NMP. It’s also used to re-refine lubricating oil. It also aids in improvement of oil performance and viscosity index. The other advantages include improvement in solvent extraction and oil efficiency. Excessive use is definitely hazardous to the human beings.

Regulatory bodies like the US Environmental Protection Agency (EPA) and ECHA have put forth restrictions regarding usage in the specific products. On these grounds, the California Office of Environmental Health Hazard Assessment actually looks upon methyl-pyrrolidone as one of the reproductive toxins under ‘Proposition 65’ and did establish MADLs (maximum allowable dose levels) for NMP of 3,200 µg/day for inhalation exposures and 17K µg/day for dermal contact.

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As far as pharmaceutical vertical is concerned, it is sub-categorized as penetration enhancer and solvent. Electronics section could be split into photoresist stripper and solvent. As a solvent, it’s used for cleaning and degreasing, and for manufacturing conformal coatings (polyurethane and epoxy coatings) in PCBs (printed circuit boards).

At the same time, it needs to be noted that NMP is skin-sensitive. As such, it not only needs to be kept away from children, but adults also need to take an utmost care. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘N-Methyl-2-Pyrrolidone (NMP) Market’. The analysts and consultants herein have put in every bit of research through primary, secondary, and tertiary means.

Key Takeaways from N-Methyl-2-Pyrrolidone (NMP) Market

North America holds the largest market share due to the US being subject to increasing sales of electric vehicles. The International Council on Clean Transportation has stated that 315K electric vehicles were sold from 2018 to 2020. NMP is used to produce lithium-ion batteries in hybrid and electric vehicles.
The Asia-Pacific is expected to witness maximum turbulence in the N-Methyl-2-Pyrrolidone (NMP) market. India and China are leading the roost. The application areas, apart from lithium-ion batteries, include manufacturing FCCL (flexible polyimide copper clad board), polyurethane coatings, and polyphenylene sulfide to address consumer electronics. Also, stern regulations are being laid down regarding greenhouse gas emissions and environmental pollution. This is another factor driving the demand for electric vehicles, and, in turn, N-Methyl-2-Pyrrolidone (NMP).
Brownfield and Greenfield expansion projects are also expected to contribute a great deal to the growth of N-Methyl-2-Pyrrolidone (NMP) in the upcoming period.

“With growing demand from electronics, pharmaceuticals, and oil & gas (petrochemicals) verticals, the N-Methyl-2-Pyrrolidone (NMP) market is expected to grow on a grand note in the forecast period”, says an analyst from Future Market Insights.

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Competitive Landscape

Ashland’s Pharmacolve N-Methyl-2-Pyrrolidone (NMP) comes across as one the most versatile solubilizers to serve one-component systems. To put it further, it’s a water-miscible polar aprotic solvent that is abreast with higher interfacial activity. It is ISO 9001:2015 and EXCiPACT GMP-certified. The application area includes ‘drug solubilizer’ as well as penetration enhancer in animal and human parenteral dosage forms.
BASF SE’s N-Methyl-2-Pyrrolidone (NMP) is a highly polar, aprotic, organic solvent. The application areas include synthesis of peptides in pharmaceutical vertical, production of membranes like PVDF (polyvinylidene fluoride), PES (polyether sulfone), and PVP (polyvinylpyrrolidone), production of lithium ion batteries, active ingredient synthesis and crop protection formulations, and oil extraction process.

Key Companies Profiled

BASF SE
LyondellBasell Industries Holdings B.V
Ashland
Eastman Chemical Company
Mitsubishi Chemical Corporation
Hefei TNJ Chemical Industry Co., Ltd
Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd
Zhejiang Realsun Chemical Co., Ltd
Puyang Guangming Chemicals Co., Ltd
Abtonsmart Chemicals (Group) Co., Ltd
Balaji Amines
Binzhou Yuneng Chemical Co., Ltd
Binzhou City Zhanhua District Ruian Chemical Co., Ltd
Hefei Tengchao Chemical Material Co., Ltd
Shanghai Poochun Industry Co., Ltd.

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Asia Neopentyl Glycol (NPG) Market pushing the Size to US$ 1.1865 Bn in 2032

Sales in the Asia neopentyl glycol (NPG) market are projected to increase at a steady 5.1% CAGR over the assessment period, reaching US$ 718.7 Mn in 2022, finds Future Market Insights (FMI) in a recent analysis.

NPG is primarily used as an intermediate in the manufacturing of a wide range of chemical products such as resins for paints and coatings, plasticizers for plastic products, additives for printing inks, synthetic lubricants, hydraulic fluids, metal-working fluids, greases, and engine lubricants.

Increasing industrialization and urbanization in Asia, as well as demand for plasticizers, pharmaceuticals, and pesticides, are the key factors expected to drive demand in the market. NPG is suitable for industrial use due to its high thermal and chemical stability. Increasing usage of NPG as an intermediate in the production of industrial chemicals and pharmaceuticals will continue boosting sales over the forecast period.

Besides this, NPG is also being used in personal care and beauty products, as well as thermal heat storage devices. Emerging applications of NPG across various industries are expected to offer opportunities for growth in the market.

As per FMI, the market is predicted to be dominated by China, and the trend is expected to continue during the forecast period. The neopentyl glycol (NPG) market in Asia is projected to top US$ 1,186.5 Mn by 2032.

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“Increasing adoption of NPG in the building and construction sectors, along with surging production of low VOC paints and coatings using NPG will augment the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

Based on grade, the technical grade neopentyl glycol (NPG) segment is projected to hold approximately 97 % of the total market share in 2022.
By product form, sales in the flake segment are anticipated to grow at 5.4 % CAGR through 2032.
On the basis of application, the paints & coatings segment is expected to reach about US$774.1 Mn by end of 2032.
Sales in India will increase at a 6.9% CAGR in 2022.
China will emerge as an attractive neopentyl glycol (NPG) market in Asia and is expected to create incremental dollar opportunity of US$ 335.4 Mn over the forecast period.

Competitive Landscape

Key players operating in the Asia neopentyl glycol (NPG) market include BASF SE, Shandong Chemichase Chemical Co., Ltd, Zibo Ruibao Chemical Co., Ltd, Alfa Chemical, Zhengzhou Meiya Chemical Products Co., Ltd and others.

Leading players are expanding their production capacities to enter untapped markets through mergers, acquisitions and collaborations with regional market players. To compete with the key players, new market participants are introducing cost-effective products.

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More Insights into the Asia Neopentyl Glycol (NPG) Market Report

In its latest report, FMI offers an unbiased analysis of the Asia neopentyl glycol (NPG) market, providing historical data for the period of 2017-2021 and forecast statistics for the period of 2022-2032. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product form (flake, molten, and slurry), grade (pharmaceutical grade and technical grade), application (paints & coatings, adhesives & sealants, lubricants, plasticizers, and insulation materials), end use industry (automotive & transportation, building & construction, industrial plant & equipment, furniture & interiors) and countries ( China, Japan, India, ASEAN and Rest of Asia).

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N – Methyl Pyrrolidone (NMP) Market to attain a size of US$ 1.4 Bn by 2032

According to a recent market report by Future Market Insights (FMI), the N-Methyl Pyrrolidone market is expected to grow at a 4.7% CAGR between 2022 and 2032.

Several important end-use industries in the NMP market include electronics, petrochemicals and plastics/polymers, agrochemicals, and paints and coatings. Top NMP producers can grow their companies to new heights and capitalise on every business opportunity with the correct strategy in place.

Sales of NMP are anticipated to increase as a result of the rising demand for both industrial and consumer electrical products. For the creation and upkeep of electronic components, NMP is required. Their use in the electronics sector will expand the NMP market internationally.

But over the course of the forecast period, the consistently rising threat of substitutes brought on by expanding R&D activities is anticipated to remain a significant barrier to the growth of the overall NMP market.

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“Remarkable growth in end-use industries such as electronics and others resulted in elevated demand for N – Methyl Pyrrolidone over the forecast period,” says an FMI analyst.

Key Takeaways:

Global N – Methyl Pyrrolidone market is expected to reach a value over US$ 1.4 Bn by the end of the forecast period growing at a CAGR of 4.7% over the forecast period.
Standard Grade is the most widely used grade of NMP across the globe owing to its variety of applications in industries. Rapid Industrialization is the key factor promoting the growth of standard grade NMP.
The electronics industry is one of key consumers of NMP. Rapid adoption of electric vehicles also is expected to promote the use of NMP in battery manufacturing over the forecast period.
East Asia is expected to be the dominant region in terms of production and consumption of N – Methyl Pyrrolidone owing to strong presence of various end-use industries in the region.

Competitive Landscape

Key Manufacturers of N – Methyl Pyrrolidone (NMP) includes BASF SE, LyondellBasell Industries NV, Ashland Inc., Eastman Chemical Company, Balaji Amines, Mitsubishi Chemical Corporation, Hefei TNJ Chemical Industry Co. ltd., Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd., Zejiang Realsun Chemical Co. Ltd, Puyang Guangming Chemicals Co. Ltd., Binzhou Yuneng Chemical Co. ltd., Binzhou City Zhanhua District Ruian Chemical Co. Ltd., Hefei Tengchao Chemical Material Co. ltd., Shanghai Poochun Industry Co. Ltd., and others.

N – Methyl Pyrrolidone (NMP) Market Opportunities

The growing demand for N-Methyl-2-Pyrrolidone from agrochemical products is expected to offer enormous growth opportunity to the market of NMP. The growth of the NMP market is also attributed to the rising production of agrochemicals due to the rising production of Foodgrain and horticulture. This growing demand for agrochemicals for food grains production is expected to fuel market growth.

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N – Methyl Pyrrolidone (NMP) Market By Category

By Grade :