N-methylpyrrolidone (NMP) is a commonly used solvent in the production of lithium batteries, used to dissolve lithium salts and polymer electrolytes. NMP plays an important role as a solvent in the production of electrode sheets, which can fuse various substances required for electrodes together, allowing the binder to fully contact and evenly distribute with other substances.

The global N-Methyl-2-Pyrrolidone (NMP) Solvent for Battery market size is projected to grow from US$ 573 million in 2024 to US$ 1165 million in 2030; it is expected to grow at a CAGR of 12.6% from 2024 to 2030.

ReportPrime's newest research report, the “N-Methyl-2-Pyrrolidone (NMP) Solvent for Battery Industry Forecast” looks at past sales and reviews total world N-Methyl-2-Pyrrolidone (NMP) Solvent for Battery sales in 2023, providing a comprehensive analysis by region and market sector of projected N-Methyl-2-Pyrrolidone (NMP) Solvent for Battery sales for 2024 through 2030.

This Insight Report provides a comprehensive analysis of the global N-Methyl-2-Pyrrolidone (NMP) Solvent for Battery landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity.

This report also analyzes the strategies of leading global companies with a focus on N-Methyl-2-Pyrrolidone (NMP) Solvent for Battery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global N-Methyl-2-Pyrrolidone (NMP) Solvent for Battery market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for N-Methyl-2-Pyrrolidone (NMP) Solvent for Battery and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity.

• The N-Methyl-2-pyrrolidone (NMP) industry has strong technical barriers and high industry concentration.
• The top 5 manufacturers include BASF, Yuneng Chemical, Synmiway Chemical, MYI Chemical and SNET, accounted for 50% share.
• China is the largest market, with a share about 70%, followed by North America with the share about 15%.
• In terms of product, electronic grade is the largest segment, with a share over 80%.
• In terms of application, the largest application is electronics, followed by petrochemical processing.

This report presents a comprehensive overview, market shares, and growth opportunities of N-Methyl-2-Pyrrolidone (NMP) Solvent for Battery market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

1. 99.9%
2. 99.99%

Segmentation by Application:

• Automotive Power Battery
• Energy Storage Battery
• 3C Battery

This report also splits the market by region:

• Americas
  • United States
  • Canada
  • Mexico
  • Brazil
• APAC
  • China
  • Japan
  • Korea
  • Southeast Asia
  • India
  • Australia
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
• Middle East & Africa
  • Egypt
  • South Africa
  • Israel
  • Turkey
  • GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

• BASF
• Mitsubishi Chemical
• Lyondellbasell
• Ashland
• Eastman
• Balaji Amines
• Shandong Changxin Chemical
• Zhongrun New Materials
• BYN Chemical
• Wanhua

Key Questions Addressed in this Report:

• What is the 10-year outlook for the global N-Methyl-2-Pyrrolidone (NMP) Solvent for Battery market?
• What factors are driving N-Methyl-2-Pyrrolidone (NMP) Solvent for Battery market growth, globally and by region?
• Which technologies are poised for the fastest growth by market and region?
• How do N-Methyl-2-Pyrrolidone (NMP) Solvent for Battery market opportunities vary by end market size?
• How does N-Methyl-2-Pyrrolidone (NMP) Solvent for Battery break out by Type, by Application?