Global N-Methyl-2-pyrrolidone (NMP) Market Growth 2025-2031

The global N-Methyl-2-pyrrolidone (NMP) market size is predicted to grow from US$ 3237 million in 2025 to US$ 6451 million in 2031; it is expected to grow at a CAGR of 12.2% 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, paints and coatings, petrochemical processing and others.

The N-Methyl-2-pyrrolidone (NMP) industry has strong technical barriers and high industry concentration. The top 5 manufacturers include BASF, Yuneng Chemical, Synmiway Chemical, MYI Chemical and SNET, accounted for 50% share.China is the largest market, with a share about 70%, followed by North America with the share about 15%.In terms of product, electronic grade is the largest segment, with a share over 80%. And in terms of application, the largest application is electronics, followed by petrochemical processing.

LP Information, Inc. (LPI) ' newest research report, the “N-Methyl-2-pyrrolidone (NMP) Industry Forecast” looks at past sales and reviews total world N-Methyl-2-pyrrolidone (NMP) sales in 2024, providing a comprehensive analysis by region and market sector of projected N-Methyl-2-pyrrolidone (NMP) sales for 2025 through 2031. With N-Methyl-2-pyrrolidone (NMP) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world N-Methyl-2-pyrrolidone (NMP) industry.

This Insight Report provides a comprehensive analysis of the global N-Methyl-2-pyrrolidone (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 N-Methyl-2-pyrrolidone (NMP) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global N-Methyl-2-pyrrolidone (NMP) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for N-Methyl-2-pyrrolidone (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 N-Methyl-2-pyrrolidone (NMP).

This report presents a comprehensive overview, market shares, and growth opportunities of N-Methyl-2-pyrrolidone (NMP) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Electronic Grade
Pharmaceutical Grade
Industrial Grade

Segmentation by Application:
Electronics
Pharmaceuticals
Paints and Coatings
Petrochemical Processing
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
CNSG

Key Questions Addressed in this Report

What is the 10-year outlook for the global N-Methyl-2-pyrrolidone (NMP) market?

What factors are driving N-Methyl-2-pyrrolidone (NMP) market growth, globally and by region?

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

How do N-Methyl-2-pyrrolidone (NMP) market opportunities vary by end market size?

How does N-Methyl-2-pyrrolidone (NMP) break out by Type, by Application?

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