PUBLISHER: The Business Research Company | PRODUCT CODE: 1927047
PUBLISHER: The Business Research Company | PRODUCT CODE: 1927047
N-methyl-2-pyrrolidone (NMP) is a solvent that is miscible with water. It finds application as a drug solubilizer and penetration enhancer in both human and animal contexts, although its specific bioactive properties are not well-understood.
The primary types of N-methyl-2-pyrrolidone (NMP) include recycled and fresh variants. Recycled NMP serves as a non-hazardous solvent, particularly employed in the lithium-ion battery production system. The purity grades of NMP are classified into categories such as 99.9%, 99.5%, and others. It is utilized by various end-use industries, including paints and coatings, electronics, automotive, chemicals, pharmaceuticals, agrochemicals, and others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs have influenced the NMP market by increasing the cost of imported solvents and specialty chemicals used across pharmaceutical, electronics, and coatings industries. The impact is most evident in high purity NMP segments and recycled grades, particularly in Asia Pacific and Europe where cross border chemical trade is significant. Elevated tariffs have increased procurement costs and affected profit margins for downstream users. However, tariffs have also supported domestic solvent recycling initiatives, encouraged local production investments, and accelerated innovation in solvent recovery processes.
The n-methyl-2-pyrrolidone (nmp) market research report is one of a series of new reports from The Business Research Company that provides n-methyl-2-pyrrolidone (nmp) market statistics, including n-methyl-2-pyrrolidone (nmp) industry global market size, regional shares, competitors with a n-methyl-2-pyrrolidone (nmp) market share, detailed n-methyl-2-pyrrolidone (nmp) market segments, market trends and opportunities, and any further data you may need to thrive in the n-methyl-2-pyrrolidone (nmp) industry. This n-methyl-2-pyrrolidone (nmp) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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.
N-Methyl-2-Pyrrolidone (NMP) Market Global Report 2026 from The Business Research Company 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.
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 from the Business Research Company 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.
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