Global N-Methyl-2-Pyrrolidone (NMP) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Grade;

Standard, Electronics, Pharmaceutical, and Others.

By Application;

Oil & gas, Pharmaceuticals, Electronics, Paints & Coatings and Agrochemicals.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn141175280 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global N-Methyl-2-Pyrrolidone (NMP) Market (USD Million), 2021 - 2031

In the year 2024, the Global N-Methyl-2-Pyrrolidone (NMP) Market was valued at USD 1,337.59 million. The size of this market is expected to increase to USD 1,932.89 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.4%.

The global N-Methyl-2-Pyrrolidone (NMP) market plays a crucial role in various industries due to its versatile chemical properties. NMP, a powerful solvent with high solvency and low volatility, finds extensive application across sectors such as pharmaceuticals, electronics, coatings, and industrial cleaning. Its ability to dissolve a wide range of substances, including polymers and resins, makes it indispensable in the production of chemicals, plastics, and as a carrier solvent in formulations.

The market for NMP has witnessed steady growth driven by increasing demand in electronics manufacturing and pharmaceutical formulations. As a solvent, NMP is favored for its effectiveness in cleaning electronic components and as a medium in lithium-ion battery manufacturing processes. Moreover, its role in pharmaceutical applications, such as drug delivery systems and synthesis of active pharmaceutical ingredients (APIs), has further propelled its demand globally.

The market faces challenges due to regulatory concerns regarding its toxicity and environmental impact. Efforts are underway to develop safer alternatives and to regulate its use more stringently in various regions. Despite these challenges, the NMP market continues to expand with advancements in application areas and technological innovations, promising opportunities for manufacturers and stakeholders aiming to capitalize on its diverse industrial applications.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Grade
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global N-Methyl-2-Pyrrolidone (NMP) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Solvent
        2. Electronics
        3. Pharmaceuticals
        4. Coatings
      2. Restraints
        1. Toxicity
        2. Environmental Regulations
        3. Health Concerns
        4. Alternative Solvents
      3. Opportunities
        1. Sustainable Solvents
        2. Emerging Economies
        3. Technological Innovations
        4. Pharmaceutical Industry Growth
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global N-Methyl Pyrrolidone Market, By Grade, 2020 - 2030 (USD Million)
      1. Standard
      2. Electronics
      3. Pharmaceutical
      4. Others
    2. Global N-Methyl-2-Pyrrolidone (NMP) Market, By Application, 2021 - 2031 (USD Million)
      1. Oil & gas
      2. Pharmaceuticals
      3. Electronics
      4. Paints & Coatings
      5. Agrochemicals
    3. Global N-Methyl-2-Pyrrolidone (NMP) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF SE
      2. Hefei TNJ Chemical Industry Co., Ltd
      3. Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd
      4. LyondellBasell Industries Holdings B.V.
      5. E.I. du Pont de Nemours and Company (DuPont)
      6. Balaji Amines Ltd.
  7. Analyst Views
  8. Future Outlook of the Market