Global GLB and NMP Market Growth 2025-2031

Global GLB and NMP Market Growth 2025-2031

The global GLB and NMP market size is predicted to grow from US$ 1163 million in 2025 to US$ 2139 million in 2031; it is expected to grow at a CAGR of 10.7% from 2025 to 2031.

N-Methyl-2-pyrrolidone (NMP) is an important polar solvent with strong selectivity and stability. It is a colorless oily liquid and has slight amine odor, which can be soluble in water, alcohols, ethers, esters, ketones, halogenated hydrocarbons, aromatics and castor oil.

NMP has the advantages of low toxicity, high boiling point, high solubility, etc.

NMP has wide applications in electronics, pharmaceuticals, Chemical, petrochemical processing and others.

γ-Butyrolactone (GBL) is a hygroscopic colorless, water-miscible liquid with a weak characteristic odor. It is the simplest 4-carbon lactone. It is mainly used as an intermediate in the production of other chemicals, e.g. methyl-2-pyrrolidone.

Global GLB and NMP key players include Synmiway Chemical, BASF, Yuneng Chemical, etc. Global top three manufacturers hold a share over 50%.

Asia-Pacific is the largest market, with a share about 75%, followed by Europe, and North America, both have a share over 15 percent.

In terms of product, NMP is the largest segment, with a share over 85%. And in terms of application, the largest application is Electronics, followed by Pharmaceuticals, etc.

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

This Insight Report provides a comprehensive analysis of the global GLB 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 GLB and NMP portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global GLB and NMP market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for GLB 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 GLB and NMP.

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

Segmentation by Type:
GBL
NMP

Segmentation by Application:
Electronics
Pharmaceuticals
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
Londellbasell
Ashland
Eastman
Synmiway Chemical
MYI Chemical
Yuneng Chemical
Ganzhou Zhongneng
Guangming Chemicals
Ruian Chemical

Key Questions Addressed in this Report

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

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

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

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

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

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