Development status of global N-Methylpyrrolidone (NMP) industry

N-Methylpyrrolidone(NMP) is a colorless and transparent liquid with boiling point of 202 ℃ and flash point of 95 ℃. It has low volatility, good thermal and chemical stability. It can be miscible with water and soluble in organic solvents such as ether and acetone.

NMP is a kind of nitrogen heterocyclic compound, which can be divided into micro electric grade, electronic grade, pharmaceutical grade and industrial grade according to its application. The micro electric level is mainly used in high-end microelectronic industries such as liquid crystal, semiconductor, circuit board and carbon nanotube; Electronic grade is mainly used in lithium battery, PPS, aramid fiber, ultrafiltration membrane and other fields; Pharmaceutical grade has high requirements for safety, which is mainly used in medicine, medicine, veterinary medicine, pharmaceutical intermediates and other industries; Industrial grade products are widely used in industrial cleaning agents, high-grade coatings, acetylene concentration, butadiene extraction, electrical insulation materials, pesticide additives, inks, pigments and other industries.

According to the analysis of industry survey data, although the differences in models and specifications will lead to the different proportion of NMPin the value of lithium-ion batteries, on the whole, NMP accounts for about 3% - 6% of the manufacturing cost of lithium-ion batteries. The market scale and demand of NMP also increase with the growth of lithium-ion batteries, especially power batteries and energy storage batteries.

Due to the growth of demand, the world N-Methylpyrrolidone (NMP) production market will still have a certain growth. The markets of developing countries will grow faster. The world production of N-Methylpyrrolidone (NMP) will increase at a rate of about 5.36%. The main consumption areas will be China, the United States, Europe, South Korea and Japan.

In 2019, the global market value of N-Methylpyrrolidone (NMP) reached 6.1 billion yuan, which is expected to increase to 11.7 billion yuan in 2026, with a compound annual growth rate (CAGR) of 9.7%.