Global GBL and NMP Market Growth 2025-2031

The global GBL and NMP market size is predicted to grow from US$ 5692 million in 2025 to US$ 18460 million in 2031; it is expected to grow at a CAGR of 21.7% from 2025 to 2031.

NMP and GBL are mainly used in new energy industries such as lithium ion battery and new materials such as arron, polyphenylene sulfide and polyimide.In the production of lithium ion battery, NMP is used to prepare the positive electrode material, binder and other materials to prepare the lithium ion battery.

The Global key players of GBL and NMP include BASF, Mitsubishi Chemical, Lyondellbasell, etc. The top three players hold a share about 79%. Asia-Pacific is the largest market, and has a share about 90%. In terms of product type, 1-Methyl-2-pyrrolidinone (NMP) is the largest segment, which occupied for a share of about 98%. For application, Battery is the largest segment, which has a share about 94%.

LP Information, Inc. (LPI) ' newest research report, the “GBL and NMP Industry Forecast” looks at past sales and reviews total world GBL and NMP sales in 2024, providing a comprehensive analysis by region and market sector of projected GBL and NMP sales for 2025 through 2031. With GBL and NMP sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world GBL and NMP industry.

This Insight Report provides a comprehensive analysis of the global GBL and NMP landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on GBL and NMP portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global GBL and NMP market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for GBL and NMP and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global GBL and NMP.

This report presents a comprehensive overview, market shares, and growth opportunities of GBL and NMP market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
1-Methyl-2-pyrrolidinone (NMP)
Gamma Butyrolactone (GBL)

Segmentation by Application:
Battery
Pharmaceutical
Chemical
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
BASF
Mitsubishi Chemical
Lyondellbasell
Ashland
Eastman
Synmiway Chemical
MYI Chemical
Yuneng Chemical
Ganzhou Zhongneng
Guangming Chemicals
Ruian Chemical
SNET

Key Questions Addressed in this Report

What is the 10-year outlook for the global GBL and NMP market?

What factors are driving GBL and NMP market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do GBL and NMP market opportunities vary by end market size?

How does GBL and NMP break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.