Strong demand for NMP after 2021

After 2021, NMP demand is strong, and lithium ion battery is an important downstream market.

NMP can be used as raw materials, solvents and additives in the chemical industry to purify synthetic gas, refine lubricating oil, and produce antifreeze, extractant, herbicide, dye additives, dispersant and other products; NMP can be used as cathode material solvent in the field of lithium ion battery; NMP can be used as cleaning agent for semiconductor and integrated circuit in electronic industry; NMP can be used in PVC tail gas recovery in the field of environmental protection. NMP can be widely used in chemical industry, resin plastics, coatings, inks, dyes, pesticides, lithium-ion batteries, electronics and other industries.

According to the in-depth research and development trend prediction of the industry market, the research report shows that lithium-ion battery is an important application market of NMP. Driven by the lithium-ion battery industry, the global NMP market will grow rapidly at a growth rate of about 10% from 2020 to 2025.

Among the manufacturing costs of lithium-ion batteries, NMP costs account for between 3% and 6%. As an important application market, the development of lithium-ion battery industry has a great impact on the NMP market. In the electronic information age, the demand for mobile power supply is growing rapidly. Due to lithium ion

Battery has the important advantages of high voltage and high capacity, long cycle life and good safety performance, which makes it have broad application prospects in portable electronic equipment, electric vehicles, space technology, national defense industry and so on. From this point of view, NMP market demand is strong.