The n-methyl-2-pyrrolidone (nmp) market size has grown strongly in recent years. It will grow from $1.17 billion in 2025 to $1.26 billion in 2026 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to growth of chemical processing industries, expansion of pharmaceutical manufacturing, rising use in paints and coatings, increasing electronics production, demand for effective polar solvents.
The n-methyl-2-pyrrolidone (nmp) market size is expected to see strong growth in the next few years. It will grow to $1.64 billion in 2030 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to growth in lithium ion battery production, increasing regulations on solvent emissions, rising demand for high performance coatings, expansion of pharmaceutical R&D, adoption of solvent recycling technologies. Major trends in the forecast period include increasing demand for high purity solvents, growing use of nmp in pharmaceutical formulations, rising adoption of recycled nmp, expansion of nmp usage in battery manufacturing, focus on solvent recovery and reuse.
Increasing demand from the oil and gas industries is expected to boost the growth of the N-Methyl-2-Pyrrolidone (NMP) market going forward. The oil and gas industry refers to the industries that are involved in the processes and systems of producing and distributing oil and gas that are capital-intensive, highly complex, and require state-of-the-art technology. NMP is used in the oil and gas industry to re-refine the lubricating oil, helping in improving the viscosity index and oil performance, and also responsible for improving oil efficiency and solvent extraction. For example, in January 2025, the International Energy Forum (IEF), a Saudi Arabia-based international organization, reported that global oil demand increased by 0.94 million barrels per day in 2024, with a projected rise to 1.05 million barrels per day in 2025. Therefore, an increase in demand from the oil & gas Industry is driving the growth of the N-Methyl-2-Pyrrolidone (NMP) market.
The increasing adoption of electric vehicles is expected to propel the growth of the N-Methyl-2-Pyrrolidone (NMP) market going forward. Electric vehicles (EVs) are automobiles powered by one or more electric motors, using electrical energy stored in rechargeable batteries. EVs can create several indirect opportunities for chemicals such as N-Methyl-2-Pyrrolidone (NMP), a solvent widely used in various industrial applications. For instance, in April 2024, according to the International Energy Agency (IEA), a France-based intergovernmental organization, new electric car registrations in China reached 8.1 million in 2023, marking a 35% increase compared to 2022. Therefore, the increasing adoption of electric vehicles is driving the growth of the N-Methyl-2-Pyrrolidone (NMP) market.
Major companies operating in the N-Methyl-2-Pyrrolidone market are focusing on launching high-purity, regulatory-compliant solvent grades and expanding their product portfolios to meet rising demand from pharmaceutical and industrial applications. For instance, in March 2023, Pharmax NA Inc., a US-based company, announced the launch of N-Methyl-2-pyrrolidone (NMP), a high-purity, colorless, slightly viscous liquid solvent intended for pharmaceutical manufacturing. NMP is valued for its strong solvency and chemical stability, making it suitable as a solvent, reaction medium, or cleaning agent. The company provides NMP in EP-grade quality from FDA-approved labs, emphasizing its commitment to regulatory compliance and consistent, high-quality supply. This launch reflects Pharmax’s effort to broaden its range of essential raw materials for drug formulation and related industrial uses.
Major companies operating in the n-methyl-2-pyrrolidone (nmp) market are BASF SE, LyondellBasell Industries N.V., Mitsubishi Chemical Group Corporation, Eastman Chemical Company, Ashland Inc., Balaji Amines Limited, Shandong Hualu Hengsheng Chemical Co., Ltd., Jiangsu Sailboat Petrochemical Co., Ltd., Binzhou Yuneng Chemical Co., Ltd., Zhejiang Realsun Chemical Industry Co., Ltd., Jaewon Industrial Co., Ltd., China Petroleum & Chemical Corporation (Sinopec), China National Petroleum Corporation (CNPC), Wanhua Chemical Group Co., Ltd., Anhui Huayi Chemical Co., Ltd., Luxi Chemical Group Co., Ltd., Henan Energy and Chemical Group Co., Ltd., Shanxi Sanwei Group Co., Ltd., Liaoning Yufeng Chemical Co., Ltd., Ningxia Baofeng Energy Group Co., Ltd.
Asia-Pacific was the largest region in the n-methyl-2-pyrrolidone (NMP) market in 2025. The regions covered in the n-methyl-2-pyrrolidone (nmp) market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the n-methyl-2-pyrrolidone (nmp) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
N-Methyl-2-pyrrolidone (NMP) is frequently used in business and pharmaceutical settings. NMP is remarkably powerful in preserving the dispersions of different kinds of nanomaterials. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The n-methyl-2-pyrrolidone (nmp) market size is expected to see strong growth in the next few years. It will grow to $1.64 billion in 2030 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to growth in lithium ion battery production, increasing regulations on solvent emissions, rising demand for high performance coatings, expansion of pharmaceutical R&D, adoption of solvent recycling technologies. Major trends in the forecast period include increasing demand for high purity solvents, growing use of nmp in pharmaceutical formulations, rising adoption of recycled nmp, expansion of nmp usage in battery manufacturing, focus on solvent recovery and reuse.
Increasing demand from the oil and gas industries is expected to boost the growth of the N-Methyl-2-Pyrrolidone (NMP) market going forward. The oil and gas industry refers to the industries that are involved in the processes and systems of producing and distributing oil and gas that are capital-intensive, highly complex, and require state-of-the-art technology. NMP is used in the oil and gas industry to re-refine the lubricating oil, helping in improving the viscosity index and oil performance, and also responsible for improving oil efficiency and solvent extraction. For example, in January 2025, the International Energy Forum (IEF), a Saudi Arabia-based international organization, reported that global oil demand increased by 0.94 million barrels per day in 2024, with a projected rise to 1.05 million barrels per day in 2025. Therefore, an increase in demand from the oil & gas Industry is driving the growth of the N-Methyl-2-Pyrrolidone (NMP) market.
The increasing adoption of electric vehicles is expected to propel the growth of the N-Methyl-2-Pyrrolidone (NMP) market going forward. Electric vehicles (EVs) are automobiles powered by one or more electric motors, using electrical energy stored in rechargeable batteries. EVs can create several indirect opportunities for chemicals such as N-Methyl-2-Pyrrolidone (NMP), a solvent widely used in various industrial applications. For instance, in April 2024, according to the International Energy Agency (IEA), a France-based intergovernmental organization, new electric car registrations in China reached 8.1 million in 2023, marking a 35% increase compared to 2022. Therefore, the increasing adoption of electric vehicles is driving the growth of the N-Methyl-2-Pyrrolidone (NMP) market.
Major companies operating in the N-Methyl-2-Pyrrolidone market are focusing on launching high-purity, regulatory-compliant solvent grades and expanding their product portfolios to meet rising demand from pharmaceutical and industrial applications. For instance, in March 2023, Pharmax NA Inc., a US-based company, announced the launch of N-Methyl-2-pyrrolidone (NMP), a high-purity, colorless, slightly viscous liquid solvent intended for pharmaceutical manufacturing. NMP is valued for its strong solvency and chemical stability, making it suitable as a solvent, reaction medium, or cleaning agent. The company provides NMP in EP-grade quality from FDA-approved labs, emphasizing its commitment to regulatory compliance and consistent, high-quality supply. This launch reflects Pharmax’s effort to broaden its range of essential raw materials for drug formulation and related industrial uses.
Major companies operating in the n-methyl-2-pyrrolidone (nmp) market are BASF SE, LyondellBasell Industries N.V., Mitsubishi Chemical Group Corporation, Eastman Chemical Company, Ashland Inc., Balaji Amines Limited, Shandong Hualu Hengsheng Chemical Co., Ltd., Jiangsu Sailboat Petrochemical Co., Ltd., Binzhou Yuneng Chemical Co., Ltd., Zhejiang Realsun Chemical Industry Co., Ltd., Jaewon Industrial Co., Ltd., China Petroleum & Chemical Corporation (Sinopec), China National Petroleum Corporation (CNPC), Wanhua Chemical Group Co., Ltd., Anhui Huayi Chemical Co., Ltd., Luxi Chemical Group Co., Ltd., Henan Energy and Chemical Group Co., Ltd., Shanxi Sanwei Group Co., Ltd., Liaoning Yufeng Chemical Co., Ltd., Ningxia Baofeng Energy Group Co., Ltd.
Asia-Pacific was the largest region in the n-methyl-2-pyrrolidone (NMP) market in 2025. The regions covered in the n-methyl-2-pyrrolidone (nmp) market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the n-methyl-2-pyrrolidone (nmp) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
N-Methyl-2-pyrrolidone (NMP) is frequently used in business and pharmaceutical settings. NMP is remarkably powerful in preserving the dispersions of different kinds of nanomaterials. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. N-Methyl-2-Pyrrolidone (NMP) Market Characteristics
3. N-Methyl-2-Pyrrolidone (NMP) Market Supply Chain Analysis
4. Global N-Methyl-2-Pyrrolidone (NMP) Market Trends and Strategies
5. N-Methyl-2-Pyrrolidone (NMP) Market Analysis of End Use Industries
7. Global N-Methyl-2-Pyrrolidone (NMP) Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global N-Methyl-2-Pyrrolidone (NMP) Total Addressable Market (TAM) Analysis for the Market
9. N-Methyl-2-Pyrrolidone (NMP) Market Segmentation
10. N-Methyl-2-Pyrrolidone (NMP) Market Regional and Country Analysis
11. Asia-Pacific N-Methyl-2-Pyrrolidone (NMP) Market
12. China N-Methyl-2-Pyrrolidone (NMP) Market
13. India N-Methyl-2-Pyrrolidone (NMP) Market
14. Japan N-Methyl-2-Pyrrolidone (NMP) Market
15. Australia N-Methyl-2-Pyrrolidone (NMP) Market
16. Indonesia N-Methyl-2-Pyrrolidone (NMP) Market
17. South Korea N-Methyl-2-Pyrrolidone (NMP) Market
18. Taiwan N-Methyl-2-Pyrrolidone (NMP) Market
19. South East Asia N-Methyl-2-Pyrrolidone (NMP) Market
20. Western Europe N-Methyl-2-Pyrrolidone (NMP) Market
21. UK N-Methyl-2-Pyrrolidone (NMP) Market
22. Germany N-Methyl-2-Pyrrolidone (NMP) Market
23. France N-Methyl-2-Pyrrolidone (NMP) Market
24. Italy N-Methyl-2-Pyrrolidone (NMP) Market
25. Spain N-Methyl-2-Pyrrolidone (NMP) Market
26. Eastern Europe N-Methyl-2-Pyrrolidone (NMP) Market
27. Russia N-Methyl-2-Pyrrolidone (NMP) Market
28. North America N-Methyl-2-Pyrrolidone (NMP) Market
29. USA N-Methyl-2-Pyrrolidone (NMP) Market
30. Canada N-Methyl-2-Pyrrolidone (NMP) Market
31. South America N-Methyl-2-Pyrrolidone (NMP) Market
32. Brazil N-Methyl-2-Pyrrolidone (NMP) Market
33. Middle East N-Methyl-2-Pyrrolidone (NMP) Market
34. Africa N-Methyl-2-Pyrrolidone (NMP) Market
36. N-Methyl-2-Pyrrolidone (NMP) Market Competitive Landscape and Company Profiles
37. N-Methyl-2-Pyrrolidone (NMP) Market Other Major and Innovative Companies
40. N-Methyl-2-Pyrrolidone (NMP) Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
N-Methyl-2-Pyrrolidone (NMP) Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses n-methyl-2-pyrrolidone (nmp) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for n-methyl-2-pyrrolidone (nmp)? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The n-methyl-2-pyrrolidone (nmp) market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Type: Recycled; Fresh2) By Purity: 99.90%; 99.50%; Other Purities
3) By End User: Paints and Coatings; Electronics; Automotive; Chemicals; Pharmaceuticals; Agrochemicals; Other End Users
Subsegments:
1) By Recycled: Distillation Process; Membrane Filtration Process2) By Fresh: Industrial Grade; Pharmaceutical Grade
Companies Mentioned: BASF SE; LyondellBasell Industries N.V.; Mitsubishi Chemical Group Corporation; Eastman Chemical Company; Ashland Inc.; Balaji Amines Limited; Shandong Hualu Hengsheng Chemical Co., Ltd.; Jiangsu Sailboat Petrochemical Co., Ltd.; Binzhou Yuneng Chemical Co., Ltd.; Zhejiang Realsun Chemical Industry Co., Ltd.; Jaewon Industrial Co., Ltd.; China Petroleum & Chemical Corporation (Sinopec); China National Petroleum Corporation (CNPC); Wanhua Chemical Group Co., Ltd.; Anhui Huayi Chemical Co., Ltd.; Luxi Chemical Group Co., Ltd.; Henan Energy and Chemical Group Co., Ltd.; Shanxi Sanwei Group Co., Ltd.; Liaoning Yufeng Chemical Co., Ltd.; Ningxia Baofeng Energy Group Co., Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this N-Methyl-2-Pyrrolidone (NMP) market report include:- BASF SE
- LyondellBasell Industries N.V.
- Mitsubishi Chemical Group Corporation
- Eastman Chemical Company
- Ashland Inc.
- Balaji Amines Limited
- Shandong Hualu Hengsheng Chemical Co., Ltd.
- Jiangsu Sailboat Petrochemical Co., Ltd.
- Binzhou Yuneng Chemical Co., Ltd.
- Zhejiang Realsun Chemical Industry Co., Ltd.
- Jaewon Industrial Co., Ltd.
- China Petroleum & Chemical Corporation (Sinopec)
- China National Petroleum Corporation (CNPC)
- Wanhua Chemical Group Co., Ltd.
- Anhui Huayi Chemical Co., Ltd.
- Luxi Chemical Group Co., Ltd.
- Henan Energy and Chemical Group Co., Ltd.
- Shanxi Sanwei Group Co., Ltd.
- Liaoning Yufeng Chemical Co., Ltd.
- Ningxia Baofeng Energy Group Co., Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 1.26 Billion |
| Forecasted Market Value ( USD | $ 1.64 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
