The global n-methyl-2-pyrrolidone (NMP) market size reached a value of approximately USD 1.19 Billion in 2025. The market is further expected to grow at a CAGR of 5.70% between 2026 and 2035, reaching a value of USD 2.07 Billion by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
5.7%
Value in USD Billion
2026-2035
*this image is indicative*
N-methyl-2-pyrrolidone is a colourless chemical compound that has excellent solvency and a high boiling point for various inorganic and organic chemical compounds. This solvent is a member of the dipolar aprotic solvent family and is produced by treating methylamine with an industrial ester. It is commonly used as a solvent and a paint stripper.
The EMR’s report titled “N-Methyl-2-Pyrrolidone (NMP) Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Application
Market Breakup by Region
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Electronics applications of n-methyl-2-pyrrolidone account for a sizable share of the market, driven by the increasing demand for consumer and industrial electronic products. N-methyl-2-pyrrolidone is heavily utilised in manufacturing and maintenance of various electronic components. Additionally, n-methyl-2-pyrrolidone is used as a solvent for producing conformal coatings in printed circuit boards (PCBs) and as a photoresist stripper and for cleaning and degreasing functions in electronics.
The Asia Pacific region is anticipated to hold a significant share of the n-methyl-2-pyrrolidone market over the forecast period, owed to increasing industrial and economic growth, technological advancements, and low production costs in countries such as China. Furthermore, rapid growth of chemical industry in countries such as India and China are expected to offer lucrative opportunities for growth to n methyl 2 pyrrolidone (NMP) market in the Asia Pacific region. Rising applications of n-methyl-2-pyrrolidone in industries such as paints and coatings, pharmaceuticals, electronics, and oil and gas are further boosting the growth of the market in the Asia Pacific region.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global n-methyl-2-pyrrolidone market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
LyondellBasell Industries Holdings B.V. is a chemical manufacturing company that was founded in 2007 and is based in Texas, United States. The company’s technologies, products, and materials are advancing sustainable solutions for healthcare, food safety, and fuel efficiency.
BASF SE is a chemical manufacturing company that was founded in 1865 and is based in Ludwigshafen, Germany. They are one of the largest chemical producers in the world, with joint ventures and subsidiaries in more than 80 countries with over 390 production sites and products catering to a wide range of industries.
Ashland Inc. is a chemical manufacturing company that was founded in 1924 and is based in Delaware, United States. A chemical manufacturing company, they serve a wide range of industrial and consumer markets including automotive, food and beverage, personal care, nutraceuticals, construction, energy, architectural coatings, and pharmaceuticals.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other market players include Eastman Chemical Company, Mitsubishi Chemical Corporation, Sankyo Chemical Co.,Ltd., Kairav Chemofarbe Industries Ltd., Prasol Chemicals Limited., Hefei TNJ Chemical Industry Co.,Ltd., and Otto Chemie Pvt. Ltd., among others.
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The market size reached a value of approximately USD 1.19 Billion in 2025.
The market is expected to grow at a CAGR of 5.70% between 2026 and 2035.
The market for is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach USD 2.07 Billion by 2035.
The major market drivers include rising production of lithium-ion batteries and increasing utilisation of n-methyl-2-pyrrolidone in agrochemical production.
The key trends fuelling the growth of the market include increasing demands from oil and gas industry, rising use of n-methyl-2-pyrrolidone in refinery projects, and establishment of new production plants by the key market players.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant applications of n-methyl-2-pyrrolidone in the market are electronics, petrochemicals, agrochemicals, paints and coatings, and pharmaceuticals, among others.
The key players in the global n-methyl-2-pyrrolidone market are LyondellBasell Industries Holdings B.V., BASF SE, Ashland Inc., Eastman Chemical Company, Mitsubishi Chemical Corporation, Sankyo Chemical Co.,Ltd., Kairav Chemofarbe Industries Ltd., Prasol Chemicals Limited., Hefei TNJ Chemical Industry Co.,Ltd., and Otto Chemie Pvt. Ltd., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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