Global N-Methylmorpholine Market

N-Methylmorpholine Market Size, Share, Growth Analysis, By Product Type(99-99.5%, >99.5%), By Application(Chemical, Pharmaceuticals, Others), By Region - Industry Forecast 2024-2031


Report ID: SQSG15E2043 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 62 | Figures: 75

N-Methylmorpholine Market Regional Insights

The global N-methylmorpholine market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The Asia Pacific region is expected to account for the largest market. China is the core center of the chemical industry’s supply chain, with the presence of organizations that have massive factories in the country. As per the International Council of Chemical Associations (ICCA), China is the eighth largest chemical importing nation and the twelfth largest chemical exporting nation across the globe. Most of the Chinese factories were shut down due to the coronavirus pandemic. As a result, there is a high disruption in the supply chain process of chemicals globally. the market is also likely to witness a high volatility in prices owing to a certain array of factors such as natural prices hike in the key economies of the Asia-Pacific region and a decline in the import of products from China to India. Hence, this might impact the growth of the Asia Pacific market. In addition to this, the industry has also been influenced by the decline in the import from China in India. This has largely influenced the growth of the industry. Also, the increased prices of natural gas in India have increased the prices of N-Methylmorpholine in the India. This volatility in the prices further impacts the market growth.

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N-Methylmorpholine Market size was valued at USD 4.05 billion in 2019 and is poised to grow from USD 4.22 billion in 2023 to USD 6.07 billion by 2031, growing at a CAGR of 4.7% in the forecast period (2024-2031).

The N-methylmorpholine market is competitive market. The major producers are from China followed by India. Post-Covid, the market became more sensitive as there is a 20-25% hike in the prices. Currently, China has minimized the production of N-Methyl which resulted in a shortage of supply of N-Methylmorpholine. 'BASF SE', 'Eastman Chemical Company', 'Huntsman Corporation', 'Solvay SA', 'Dow Chemical Company', 'Alfa Aesar', 'Finetech Industry Limited', 'Henan Tianfu Chemical Co. Ltd.', 'Nanjing Jinlong Chemical Co. Ltd.', 'Nanjing Orient Tino Technology Co. Ltd.', 'Suzhou Wedo Chemicals Co. Ltd.', 'Kente Catalysts Inc.', 'Koei Chemical Company Limited', 'Liaoyang Petrochemical Company Limited', 'Mitsubishi Chemical Corporation', 'Nanjing Chemical Industry Park Co. Ltd.', 'Shanghai HeChuang Chemical Co. Ltd.', 'Shandong Hongchuan Chemical Co. Ltd.', 'Thermo Fisher Scientific Inc.', 'Triveni Chemicals'

N-Methylmorpholine is widely used for a wide variety of applications in chemical, pharmaceutical and agriculture industries. Chemical industry is one of the major consumers for the N-Methylmorpholine. For instance, it is broadly used for the manufacturing of polyurethanes. Attributing to the wide range of applications and uses of polyurethanes across various industries, the N-Methylmorpholine is likely to witness growth. The major factors boosting the market growth include the emerging adoption of polyurethane in automobile and construction coupled with significant demand for durable and lightweight materials. Automotive and building/construction are the promising industry applications of polyurethane. The advent of electric vehicles further creates a wide scope for market growth. Furthermore, they has also been increasingly used in agrochemicals. A significant growth in the agricultural sector is also one of the major aspects that contributes to the market growth.

N-Methylmorpholine contributes enormously to “Green Chemistry”, as it functions as the main raw material, while making new-generation fibers, such as LYOCELL/TENCEL. The traditional image of world textile industry, known for its highly polluting nature, always looked for new generation green product. The Lyocell fibers, made out NMMO, 50%, is the answer to this problem. Lyocell fiber is not only fashion fiber, but also known as a ‘comfortable’ fiber as it finds applications in Baby Wipes. Now-adays, ‘Baby Wipes’ can go Green with TENCEL, because of NMMO. While making NMMO also, we use green chemistry’ by using ‘enzymes’ instead of a chemical in certain step.

The N-methylmorpholine market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The Asia Pacific region is expected to account for the largest market. China is the core center of the chemical industry’s supply chain, with the presence of organizations that have massive factories in the country. As per the International Council of Chemical Associations (ICCA), China is the eighth largest chemical importing nation and the twelfth largest chemical exporting nation across the globe. Most of the Chinese factories were shut down due to the coronavirus pandemic. As a result, there is a high disruption in the supply chain process of chemicals globally. the market is also likely to witness a high volatility in prices owing to a certain array of factors such as natural prices hike in the key economies of the Asia-Pacific region and a decline in the import of products from China to India. Hence, this might impact the growth of the Asia Pacific market. In addition to this, the industry has also been influenced by the decline in the import from China in India. This has largely influenced the growth of the industry. Also, the increased prices of natural gas in India have increased the prices of N-Methylmorpholine in the India. This volatility in the prices further impacts the market growth.

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Global N-Methylmorpholine Market

Report ID: SQSG15E2043

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