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

This Insight Report provides a comprehensive analysis of the global N-Methyl-2-Pyrrolidone (NMP) Solvent for Lithium Battery landscape and highlights key trends related to:

• Product segmentation
• Company formation
• Revenue
• Market share
• Latest development
• M&A activity

This report also analyzes the strategies of leading global companies with a focus on N-Methyl-2-Pyrrolidone (NMP) Solvent for Lithium 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 Lithium 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 Lithium Battery and breaks down the forecast by:

• Type
• Application
• Geography
• Market size

This study offers a highly nuanced view of the current state and future trajectory in the global N-Methyl-2-Pyrrolidone (NMP) Solvent for Lithium Battery.

The N-Methyl-2-Pyrrolidone (NMP) industry has strong technical barriers and high industry concentration. The top 5 manufacturers include:

1. BASF
2. Yuneng Chemical
3. Synmiway Chemical
4. MYI Chemical
5. SNET

These companies account for a 50% share. China is the largest market, with a share of about 70%, followed by North America with a share of 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 Lithium Battery market by:

• Product type
• Application
• Key manufacturers
• Key regions and countries

Segmentation by Type:

• 99.9%
• 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 Lithium Battery market?
• What factors are driving N-Methyl-2-Pyrrolidone (NMP) Solvent for Lithium 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 Lithium Battery market opportunities vary by end market size?
• How does N-Methyl-2-Pyrrolidone (NMP) Solvent for Lithium Battery break out by Type, by Application?