Market development trend analysis of N-methylpyrrolidone

NMP, as one of the main raw materials in the manufacturing process of lithium-ion batteries, has a direct impact on the coating quality and environmental protection requirements of lithium-ion batteries. According to the analysis of industry research data, although the differences in models and specifications will lead to different proportions of NMP in the value of lithium-ion batteries, overall, the proportion of NMP in the manufacturing cost of lithium-ion batteries is about 3% - 6%. The market size and demand of NMP also grow with the growth of lithium-ion batteries, especially energy storage batteries and power batteries.

Since 2008, China's NMP industry has experienced explosive growth. Driven by the rapid growth of downstream consumption, several sets of devices have emerged in the short term, driving the explosion of China's NMP production scale. By the end of 2021, there are 11 manufacturing enterprises in China's NMP, with a total capacity of nearly 1 million tons/year.

According to the data, in 2021, China's NMP output will exceed 500000 tons, with no import, but nearly 100000 tons will be exported, and the apparent consumption of China's NMP will be about 400000 tons. In the past few years, the consumption of China's NMP has shown a rapid growth of more than 30%, which is also a product with a fast growth rate in China's chemical industry.

Under such a trend, the market volume of China's NMP is expected to continue to grow rapidly in the future. According to the evaluation of the consumption growth rate of the proposed projects under construction and the downstream market, it is estimated that the total consumption of China's NMP will approach 1.7 million tons/year in the next five years. That is to say, in the future, the consumption of China's NMP will show a double growth, and the consumption volume will be huge.