N-Methyl Pyrrolidone Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Global N-Methyl Pyrrolidone (NMP) Market Report is Segmented by Application (Oil and Gas, Pharmaceuticals, Paints and Coatings, Electronics, Agrochemicals, and Other Applications) and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Market Size and Forecasts are Provided in Terms of Revenue (USD) for all the Above Segments.

N-Methyl Pyrrolidone Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

N-Methyl Pyrrolidone Market Size

N-Methyl Pyrrolidone Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 1.07 Billion
Market Size (2030) USD 1.30 Billion
CAGR (2025 - 2030) 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

N-Methyl Pyrrolidone Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of N-Methyl Pyrrolidone Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

N-Methyl Pyrrolidone Market Analysis

The N-Methyl Pyrrolidone Market size is estimated at USD 1.07 billion in 2025, and is expected to reach USD 1.30 billion by 2030, at a CAGR of greater than 4% during the forecast period (2025-2030).

The N-Methyl Pyrrolidone (NMP) industry is experiencing significant transformation driven by technological advancements and shifting industrial landscapes. According to the Japan Electronics and Information Technology Industries Association (JEITA), the global electronics and IT industries are projected to achieve 9% growth in 2024, following an estimated decline of 3% in 2023, indicating a robust recovery in key end-user sectors. The semiconductor industry, in particular, has shown remarkable resilience, with the Semiconductor Industry Association (SIA) reporting a 15% increase in sales in January 2024 compared to the same period last year. This growth trajectory is reinforced by major investments in semiconductor manufacturing capabilities across various regions.


The industry landscape is being reshaped by significant manufacturing capacity expansions and strategic collaborations. In February 2024, TSMC announced plans to build a second semiconductor plant in Japan with an investment exceeding USD 20 billion, which will begin operation by the end of 2027. Similarly, GlobalFoundries became the first semiconductor foundry in the United States to receive an incentive of USD 1.5 billion under the CHIPS and Science Act in February 2024. These developments are complemented by strategic partnerships, such as Foxconn's announcement in July 2023 to collaborate with TSMC and Japan's TMH Group for establishing semiconductor fabrication units in India.


The oil and gas sector, a significant consumer of NMP, is witnessing substantial infrastructure developments and capacity expansions. According to the U.S. Energy Information Administration, U.S. refining capacity increased by 1% to 18.1 million barrels per calendar day (b/cd) in 2023, marking a positive growth trend. This expansion was highlighted by ExxonMobil's completion of a significant refinery capacity addition in March 2023, which increased total crude oil distillation capacity by 250,000 barrels per day to 630,000 b/d, demonstrating continued investment in refining capabilities.


The market is also benefiting from robust growth in the pharmaceutical sector, with global pharmaceutical sales registering a significant increase of 9.6% in 2023 compared to 2022, according to AstraZeneca's recent report. The industry is witnessing a wave of manufacturing facility expansions, particularly in emerging markets. Notable developments include Wuxi STA's inauguration of a new API manufacturing facility in Taixing, China, with an annual capacity of 100 tons, and Rusan Pharma's new API manufacturing facility in Madhya Pradesh, India, boasting an annual capacity of 400 tons of API per year, both announced in late 2023.

Segment Analysis: Application

Electronics Segment in N-Methyl Pyrrolidone Market

The electronics segment dominates the N-Methyl Pyrrolidone market, accounting for approximately 28% of the total market share in 2024. This significant market position is driven by the extensive use of NMP in various electronic applications, including lithium-ion battery manufacturing, semiconductor device fabrication, and wire enamel coating. The segment's growth is particularly notable in the semiconductor industry, where NMP serves as a dedicated solvent in photolithography formulations, bottom anti-reflective coatings, and polyimides. The versatile properties of NMP, such as its ability to dissolve a wide range of materials and remain effective at high temperatures, make it essential in electronic component manufacturing. In the lithium-ion battery sector, NMP plays a crucial role as a solvent for electrode preparation, particularly in dissolving polyvinylidene fluoride binder and coating it on positive aluminum foil.

Market Analysis of N-Methyl Pyrrolidone Market: Chart for Application

Pharmaceutical Segment in N-Methyl Pyrrolidone Market

The pharmaceutical segment is projected to experience robust growth with a CAGR of approximately 4.2% during the forecast period 2024-2029. This growth trajectory is supported by the increasing adoption of NMP as a solvent and co-solvent in pharmaceutical manufacturing processes. The segment's expansion is driven by NMP's unique capabilities as a strong solubilizing excipient used in parenteral and oral medications, as well as its application in peptide synthesis. The pharmaceutical industry's growing demand for NMP is further bolstered by its effectiveness in enhancing the absorption of topically applied drugs and its superior permeability rate in human skin, gastrointestinal, and respiratory tracts. The compound's versatility in extraction, purification, and crystallization of pharmaceutical drugs, combined with its role in improving bone morphogenetic protein and enhancing kinase activity, positions it as a crucial component in pharmaceutical manufacturing.

Remaining Segments in N-Methyl Pyrrolidone Market

The N-Methyl Pyrrolidone market encompasses several other significant segments, including oil and gas, paints and coatings, and agrochemicals. In the oil and gas sector, NMP serves as a critical solvent for extracting aromatic hydrocarbons and in the purification process of lube oil, aligning with its role in petrochemical processing. The paints and coatings segment utilizes NMP as a solvent for coatings for polyamide-imide resins in wire coatings and as a solvent for coatings for urethanes, polyvinyl chloride, and epoxies in water-based coatings. In the agrochemicals sector, NMP functions as an agrochemical solvent and as an inert ingredient in various pesticide products and as a formulating agent in insecticides, herbicides, seed treatment products, and fungicides. Additionally, NMP's role as an industrial cleaning solvent is noteworthy in maintaining equipment efficiency. These segments collectively contribute to the market's diverse application portfolio and overall growth dynamics.

N-Methyl Pyrrolidone Market Geography Segment Analysis

N-Methyl Pyrrolidone Market in Asia-Pacific

The Asia-Pacific region represents the largest and most dynamic N-Methyl Pyrrolidone market globally, driven by rapid industrialization and technological advancement across multiple sectors. The region's growth is primarily fueled by expanding electronics manufacturing, pharmaceutical production, and petrochemical processing industries in countries like China, India, Japan, and South Korea. Countries such as Malaysia, Thailand, Indonesia, and Vietnam are also witnessing increased demand due to growing industrial activities and foreign investments in various end-user industries.

Market Analysis of N-Methyl Pyrrolidone Market: Forecasted Growth Rate by Region

N-Methyl Pyrrolidone Market in China

China dominates the Asia-Pacific N-Methyl Pyrrolidone market as the largest consumer and producer, holding approximately 47% of the regional market share in 2024. The country's market leadership is supported by its massive electronics manufacturing sector, being the world's largest producer and consumer of electronics components. China's semiconductor industry has shown remarkable growth, with the government announcing investments of over USD 100 billion for semiconductor technology development. The country's pharmaceutical sector continues to expand, while its position as a global manufacturing hub for various industries, including electronics, automotive, chemicals, and pharmaceuticals, drives sustained demand for the NMP market.

N-Methyl Pyrrolidone Market in India

India emerges as the fastest-growing market in the Asia-Pacific region with a projected growth rate of approximately 6% during 2024-2029. The country's growth is driven by rapid industrialization and government initiatives like "Make in India" that promote domestic manufacturing. India's expanding electronics sector, supported by schemes like the Modified Incentive Special Package Scheme (M-SIPS) and Electronics Development Fund (EDF), creates substantial demand for the NMP market. The country's position as a global pharmaceutical hub, exporting to over 200 countries, coupled with its growing semiconductor industry, expected to reach USD 64 billion by 2026, further strengthens its market potential.

N-Methyl Pyrrolidone Market in North America

The North American market for the NMP market demonstrates strong growth potential, supported by advanced manufacturing capabilities and technological innovation across various industries. The region's market is characterized by robust demand from the pharmaceutical, electronics, and oil & gas sectors. The United States, Canada, and Mexico form the key markets in this region, each contributing significantly to the overall market growth through their respective industrial strengths and technological advancements.

N-Methyl Pyrrolidone Market in United States

The United States leads the North American market, commanding approximately 58% of the regional market share in 2024. The country's dominant position is reinforced by its status as one of the world's largest pharmaceutical markets and its significant oil refining capacity. The U.S. electronics market, being the largest globally, continues to drive demand through increased manufacturing activities and development centers. The country's focus on domestic semiconductor production, supported by initiatives like the CHIPS and Science Act, further strengthens its market position within the specialty chemical market.

N-Methyl Pyrrolidone Market in Canada

Canada demonstrates strong growth potential with an expected growth rate of approximately 4% during 2024-2029. The country's market is driven by its expanding pharmaceutical sector, supported by significant government investments in healthcare infrastructure. Canada's growing electronics manufacturing sector, comprising about 2,000 firms, and its participation in the Information Technology Agreement by the World Trade Organization contribute to market growth. The country's focus on agricultural innovation and chemical manufacturing further supports market expansion within the chemical intermediate market.

N-Methyl Pyrrolidone Market in Europe

The European N-Methyl Pyrrolidone market presents a mature and well-established landscape, characterized by strong regulatory frameworks and advanced industrial infrastructure. The region encompasses key markets including Germany, the United Kingdom, Italy, France, Spain, Nordic Countries, Turkey, and Russia, each contributing uniquely to the market dynamics. The region's strength lies in its advanced pharmaceutical research, robust automotive sector, and growing focus on sustainable manufacturing practices.

N-Methyl Pyrrolidone Market in Russia

Russia emerges as the largest market for the NMP market in Europe, driven by its substantial petrochemical industry and growing manufacturing sector. The country's market is supported by significant investments in industrial development and chemical production. Russia's strong presence in oil and gas processing, combined with its expanding pharmaceutical and electronics sectors, maintains its position as a key market in the region.

N-Methyl Pyrrolidone Market in Turkey

Turkey represents the fastest-growing market in the European region, characterized by rapid industrial development and increasing investments in manufacturing capabilities. The country's strategic location between Europe and Asia facilitates trade and investment opportunities. Turkey's expanding chemical industry, growing pharmaceutical sector, and increasing focus on electronics manufacturing contribute to its market growth momentum within the industrial cleaner market.

N-Methyl Pyrrolidone Market in South America

The South American N-Methyl Pyrrolidone market shows promising growth potential, with Brazil, Argentina, and Colombia as key markets. Brazil emerges as the largest market in the region, benefiting from its extensive pharmaceutical manufacturing base and significant petrochemical industry. Argentina demonstrates the fastest growth rate, driven by its expanding pharmaceutical sector and growing industrial applications. The region's market is characterized by increasing investments in manufacturing capabilities and growing demand from various end-user industries.

N-Methyl Pyrrolidone Market in Middle East & Africa

The Middle East & Africa region presents diverse market opportunities for the NMP market, encompassing countries such as Saudi Arabia, Qatar, UAE, Nigeria, Egypt, and South Africa. Saudi Arabia maintains its position as the largest market in the region, supported by its robust petrochemical industry and growing manufacturing sector. The United Arab Emirates emerges as the fastest-growing market, driven by increasing investments in industrial development and expanding end-user industries. The region's market growth is primarily supported by ongoing industrialization efforts and increasing investments in manufacturing capabilities.

N-Methyl Pyrrolidone Market Overview

Top Companies in N-Methyl Pyrrolidone Market

The global N-Methyl Pyrrolidone (NMP) market is characterized by continuous product innovation and strategic expansions by leading players like Mitsubishi Chemical Corporation, LyondellBasell, Eastman Chemical, Balaji Amines, and BASF SE. Companies are focusing on developing high-purity grades of NMP to cater to demanding applications in electronics and pharmaceuticals while simultaneously expanding their production capacities through new facility investments. Operational excellence is being achieved through vertical integration strategies, with many players manufacturing their own raw materials like Gamma Butyro Lactone (GBL). Strategic partnerships with distributors and end-users are being prioritized to strengthen market presence across regions. Manufacturing process improvements and sustainable production methods are emerging as key focus areas, with companies investing in R&D to minimize environmental impact and improve product quality. The specialty chemicals sector plays a crucial role in these developments, as companies seek to enhance their offerings in the industrial chemicals landscape.

Consolidated Market with Strong Regional Players

The N-Methyl Pyrrolidone market exhibits a partially consolidated structure, dominated by large multinational chemical conglomerates with diverse product portfolios alongside specialized regional manufacturers. These established players leverage their extensive distribution networks, technical expertise, and long-standing customer relationships to maintain their market positions. The market is characterized by high entry barriers due to complex manufacturing processes, stringent quality requirements, and significant capital investments needed for production facilities. Regional players, particularly in Asia-Pacific, are gaining prominence through cost advantages and proximity to growing end-user industries.


The competitive landscape is shaped by a mix of integrated chemical companies that produce their own raw materials and specialized manufacturers focusing solely on NMP production. Market consolidation is primarily driven by vertical integration strategies rather than horizontal acquisitions, as companies seek to secure raw material supply and optimize production costs. The presence of strong local players in key markets like China and India has created a dynamic competitive environment, where global players must balance their international presence with local market requirements and relationships. The chemical intermediates industry is a significant contributor to this dynamic, offering opportunities for growth and innovation.

Innovation and Sustainability Drive Future Success

Success in the NMP market increasingly depends on developing environmentally sustainable production processes and meeting stringent regulatory requirements across different regions. Companies must invest in research and development to create greener alternatives and improved production methods while maintaining product quality and performance. Building strong relationships with end-users in high-growth sectors like electronics and pharmaceuticals is becoming crucial, as these industries demand higher purity grades and consistent quality. Market leaders are focusing on developing specialized grades for specific applications while maintaining cost competitiveness through operational efficiency.


For new entrants and smaller players, success lies in identifying and serving niche market segments while building strategic partnerships with established distribution networks. The increasing focus on environmental regulations and workplace safety standards presents both challenges and opportunities, requiring companies to adapt their product portfolios and production processes. Geographic expansion strategies need to consider regional regulatory frameworks, end-user concentration, and the availability of raw materials. Companies must also address the growing threat of substitutes by emphasizing the unique properties and benefits of NMP in specific applications while developing complementary products to maintain market relevance. The coating solvents market is one such area where NMP's unique properties can be leveraged to meet industry demands.

N-Methyl Pyrrolidone Market Leaders

  1. Eastman Chemical Company

  2. Mitsubishi Chemical Corporation

  3. LyondellBasell Industries Holdings B.V.

  4. BASF SE

  5. Balaji Amines

  6. *Disclaimer: Major Players sorted in no particular order
N-Methyl Pyrrolidone Market Concentration
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N-Methyl Pyrrolidone Market News

  • March 2024: Ganzhou Municipal Administration for Industry and Commerce announced the planned acceptance of the environmental impact assessment file for Ganzhou Zhongneng Industrial Co. Ltd, including the planned 150,000-ton NMP, 30,000-ton GBL, and 20,000-ton 2P expansion project. The company is expected to build a 50,000-ton NMP synthetic production line and a 50,000-ton NMP recovery refining production line.
  • August 2022: BASF SE announced the production of more specialty pyrrolidones in North America owing to the growing demand for digital inks, coatings, automotive, and agricultural products.

N-Methyl Pyrrolidone Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Growing Demand From the Electronics Industry
    • 4.1.2 Increasing Usage in the Pharmaceutical Industry
  • 4.2 Market Restraints
    • 4.2.1 N-methyl Pyrrolidone Hazards and Its Greener Alternatives
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porters Five Force Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION

  • 5.1 By Application
    • 5.1.1 Oil and Gas
    • 5.1.2 Pharmaceuticals
    • 5.1.3 Paints and Coatings
    • 5.1.4 Electronics
    • 5.1.5 Agrochemicals
    • 5.1.6 Other Applications
  • 5.2 By Geography
    • 5.2.1 Asia-Pacific
    • 5.2.1.1 China
    • 5.2.1.2 India
    • 5.2.1.3 Japan
    • 5.2.1.4 South Korea
    • 5.2.1.5 Malaysia
    • 5.2.1.6 Thailand
    • 5.2.1.7 Indonesia
    • 5.2.1.8 Vietnam
    • 5.2.1.9 Rest of Asia-Pacific
    • 5.2.2 North America
    • 5.2.2.1 United States
    • 5.2.2.2 Canada
    • 5.2.2.3 Mexico
    • 5.2.3 Europe
    • 5.2.3.1 Germany
    • 5.2.3.2 United Kingdom
    • 5.2.3.3 Italy
    • 5.2.3.4 France
    • 5.2.3.5 Spain
    • 5.2.3.6 Nordic Countries
    • 5.2.3.7 Turkey
    • 5.2.3.8 Russia
    • 5.2.3.9 Rest of Europe
    • 5.2.4 South America
    • 5.2.4.1 Brazil
    • 5.2.4.2 Argentina
    • 5.2.4.3 Colombia
    • 5.2.4.4 Rest of South America
    • 5.2.5 Middle East and Africa
    • 5.2.5.1 Saudi Arabia
    • 5.2.5.2 Qatar
    • 5.2.5.3 United Arab Emirates (UAE)
    • 5.2.5.4 Nigeria
    • 5.2.5.5 Egypt
    • 5.2.5.6 South Africa
    • 5.2.5.7 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Ranking Analysis
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Ashland
    • 6.3.2 BALAJI AMINES
    • 6.3.3 BASF SE
    • 6.3.4 Binzhou City Zhanhua District Ruian Chemical Co. Ltd
    • 6.3.5 BYN Chemical Co. Ltd
    • 6.3.6 Eastman Chemical Company
    • 6.3.7 Ganzhou Zhongneng Industrial Co. Ltd
    • 6.3.8 Hefei TNJ Chemical Industry Co. Ltd
    • 6.3.9 LyondellBasell Industries Holdings BV
    • 6.3.10 Mitsubishi Chemical Corporation
    • 6.3.11 Prasol Chemicals Limited
    • 6.3.12 Puyang Guangming Chemical Co. Ltd
    • 6.3.13 Santa Cruz Biotechnology Inc.
    • 6.3.14 Shandong Qingyun Changxin Chemical Science-Tech Co. Ltd
    • 6.3.15 Tokyo Chemical Industry Co. Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 New Applications and Production Methods of NMP
  • 7.2 Other Opportunities
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N-Methyl Pyrrolidone Industry Segmentation

N-methyl pyrrolidone is a polar solvent that is highly miscible with most organic solvents. It is widely used in various industries and applications, such as petrochemical processing, agricultural chemicals, electronic cleaning, paint and coating removal, and industrial/domestic cleaning. N-methyl pyrrolidone is increasingly being used to refine lubricating oil. In addition, it helps in improving the viscosity index and oil performance.

The market is segmented by application and geography. By application, the market is segmented into oil and gas, pharmaceuticals, paints and coatings, electronics, agrochemicals, and other applications. The report also covers the market size and forecasts for the n-methyl pyrrolidone market in 28 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD).

By Application Oil and Gas
Pharmaceuticals
Paints and Coatings
Electronics
Agrochemicals
Other Applications
By Geography Asia-Pacific China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Spain
Nordic Countries
Turkey
Russia
Rest of Europe
South America Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa Saudi Arabia
Qatar
United Arab Emirates (UAE)
Nigeria
Egypt
South Africa
Rest of Middle East and Africa
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N-Methyl Pyrrolidone Market Research FAQs

How big is the N-Methyl Pyrrolidone Market?

The N-Methyl Pyrrolidone Market size is expected to reach USD 1.07 billion in 2025 and grow at a CAGR of greater than 4% to reach USD 1.30 billion by 2030.

What is the current N-Methyl Pyrrolidone Market size?

In 2025, the N-Methyl Pyrrolidone Market size is expected to reach USD 1.07 billion.

Who are the key players in N-Methyl Pyrrolidone Market?

Eastman Chemical Company, Mitsubishi Chemical Corporation, LyondellBasell Industries Holdings B.V., BASF SE and Balaji Amines are the major companies operating in the N-Methyl Pyrrolidone Market.

Which is the fastest growing region in N-Methyl Pyrrolidone Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in N-Methyl Pyrrolidone Market?

In 2025, the Asia Pacific accounts for the largest market share in N-Methyl Pyrrolidone Market.

What years does this N-Methyl Pyrrolidone Market cover, and what was the market size in 2024?

In 2024, the N-Methyl Pyrrolidone Market size was estimated at USD 1.03 billion. The report covers the N-Methyl Pyrrolidone Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the N-Methyl Pyrrolidone Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

N-Methyl Pyrrolidone Market Research

Mordor Intelligence provides a comprehensive analysis of the N-Methyl-2-Pyrrolidone (NMP) market. We leverage our extensive expertise in the specialty chemical industry to deliver this research. Our detailed report examines NMP's crucial role as a polar aprotic solvent and organic solvent across diverse applications. These include its use as a paint stripper, pharmaceutical solvent, and coating solvent. The analysis also covers NMP's significance in petrochemical processing, industrial cleaner applications, and its role as a key chemical intermediate in various manufacturing processes.

The report, available as an easy-to-download PDF, provides stakeholders with valuable insights into NMP's expanding applications in the electronic chemical sector and industrial chemical industry. Our research thoroughly examines NMP's growing importance as a lithium ion battery solvent and high purity solvent in advanced manufacturing. This analysis benefits decision-makers by offering detailed perspectives on specialty chemical market trends, industrial cleaning solvent demands, and emerging opportunities in agrochemical solvent applications. Stakeholders gain access to comprehensive data about NMP's role in the industrial solvent landscape, supported by expert analysis of supply chains and regulatory frameworks.