The Southeast Asia Gamma-Butyrolactone (GBL) and N-Methyl-2-Pyrrolidone (NMP) Market was valued at USD 450 Million in 2024 and is projected to reach USD 720 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2024–2032). This growth is being driven by the region’s booming electronics manufacturing sector, expanding pharmaceutical industry, and the accelerating adoption of high-purity solvents in lithium-ion battery production.

As Southeast Asia solidifies its position as a global manufacturing hub, the demand for specialized industrial solvents like GBL and NMP is skyrocketing. These chemicals are critical components in everything from smartphone screens to electric vehicle batteries. In this blog, we profile the Top 10 Companies in the Southeast Asia GBL and NMP Market—a dynamic mix of multinational chemical giants and emerging regional suppliers shaping the future of advanced materials in the ASEAN region.

---

🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: High-Purity GBL and NMP, Specialty Solvents

BASF SE is a global leader in the chemical industry and a dominant force in the Southeast Asian GBL and NMP market. The company leverages its extensive production network and strong R&D capabilities to supply high-purity solvents to the electronics, pharmaceutical, and agrochemical sectors. BASF’s integrated supply chain ensures consistent quality and reliability for customers across Vietnam, Malaysia, and Thailand.

Strategic Initiatives:

• Expansion of production capacities in Singapore and Malaysia

• Development of bio-based and recycled solvent alternatives

• Strategic partnerships with major lithium-ion battery manufacturers

Download FREE Sample Report:
Southeast Asia GBL and NMP Market – View in Detailed Research Report

---

9️⃣ 2. LyondellBasell Industries N.V.

Headquarters: Rotterdam, Netherlands
Key Offering: Butanol-derived GBL, Technical and Pharmaceutical Grade NMP

LyondellBasell is one of the world’s largest plastics, chemicals, and refining companies, with a significant presence in Southeast Asia. The company’s advanced production technologies enable it to produce high-quality GBL and NMP that meet the stringent requirements of the electronics and pharmaceutical industries. LyondellBasell’s strong distribution network ensures timely delivery to key markets.

Strategic Initiatives:

• Investment in solvent recycling technologies to promote circular economy

• Focus on supplying ultra-high-purity NMP for semiconductor applications

---

8️⃣ 3. Ashland Global Holdings Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: Pharmaceutical Grade NMP, High-Purity GBL for Electronics

Ashland Global Holdings is a premier global specialty materials company, renowned for its high-performance solvents. Ashland’s NMP is critical in the production of lithium-ion battery electrodes, while its GBL is used in pharmaceutical synthesis and agrochemical formulations. The company has a strong customer base in Indonesia and Thailand.

Strategic Initiatives:

• Development of low-impurity solvent grades for advanced electronics

• Enhanced technical support services for regional customers

---

7️⃣ 4. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Mitsubishi NMP, High-Grade GBL for Industrial Applications

Mitsubishi Chemical Corporation is a key supplier of high-purity NMP and GBL to the Southeast Asian market. The company’s products are essential in the manufacture of polymers, agrochemicals, and electronics. Mitsubishi’s strong regional presence and commitment to quality make it a preferred partner for many manufacturers.

Strategic Initiatives:

• Capacity expansion projects in Thailand and Vietnam

• R&D focused on sustainable solvent production processes

Download FREE Sample Report:
Southeast Asia GBL and NMP Market – View in Detailed Research Report

---

6️⃣ 5. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: Eastman™ NMP, Specialty GBL Solvents

Eastman Chemical Company is a leading global specialty materials company that produces a wide range of chemicals, including high-purity NMP and GBL. Eastman’s solvents are known for their consistency and performance, making them ideal for demanding applications in paints, coatings, and electronics.

Strategic Initiatives:

• Promotion of closed-loop solvent recovery systems

• Collaborations with regional distributors to strengthen market reach

---

5️⃣ 6. Balaji Amines Ltd.

Headquarters: Hyderabad, India
Key Offering: GBL, NMP and other Aliphatic Amines

Balaji Amines Ltd. is a major Indian chemical manufacturer with a growing footprint in Southeast Asia. The company produces GBL and is expanding into NMP production to cater to the regional demand from the pharmaceutical and agrochemical sectors. Its competitive pricing strategy makes it a significant player in the market.

Strategic Initiatives:

• Setting up new manufacturing facilities to increase GBL and NMP capacity

• Focus on exporting to price-sensitive markets in ASEAN

---

4️⃣ 7. PT. Indo Acidatama Tbk

Headquarters: Jakarta, Indonesia
Key Offering: Industrial Grade GBL, Solvents for Local Markets

PT. Indo Acidatama Tbk is a leading Indonesian chemical company and a key domestic supplier of GBL. The company benefits from its local presence and understanding of the regional market dynamics, serving various industries including textiles, paints, and pharmaceuticals.

Strategic Initiatives:

• Investment in upgrading production technology to improve purity levels

• Expanding distribution network across the Indonesian archipelago

---

3️⃣ 8. Taizhou Yanling Fine Chemicals Co., Ltd.

Headquarters: Taizhou, China
Key Offering: GBL, NMP and other Fine Chemicals

Taizhou Yanling Fine Chemicals is a major Chinese manufacturer exporting significant volumes of GBL and NMP to Southeast Asia. The company competes aggressively on price and has established a strong supply chain into Vietnam, Thailand, and Malaysia.

Strategic Initiatives:

• Increasing production capacity to meet rising export demand

• Focusing on cost-efficient manufacturing to maintain competitive advantage

---

2️⃣ 9. Zhuzhou Chemical Industry Group Co., Ltd.

Headquarters: Zhuzhou, China
Key Offering: GBL, NMP and other Industrial Chemicals

Zhuzhou Chemical Industry Group is another significant Chinese player in the Southeast Asian market. The company produces a range of chemicals, including GBL, and supplies various industries. Its large-scale production capabilities allow it to offer competitive prices.

Strategic Initiatives:

• Exploration of new application areas for GBL and NMP in the region

• Strengthening logistics for faster delivery to Southeast Asian ports

---

1️⃣ 10. Other Prominent Regional Distributors and Suppliers

Headquarters: Various across Southeast Asia
Key Offering: Distribution of imported GBL and NMP, Technical Support

A network of specialized chemical distributors and smaller regional suppliers plays a crucial role in the Southeast Asian GBL and NMP market. These companies import chemicals from global producers and provide essential logistics, storage, and technical services to end-users, ensuring product availability across diverse geographical areas.

Strategic Initiatives:

• Building long-term partnerships with international manufacturers

• Developing value-added services like blending and custom packaging

Get Full Report Here:
Southeast Asia GBL and NMP Market – View in Detailed Research Report

---

🌍 Outlook: The Future of GBL and NMP in Southeast Asia is High-Tech and Sustainable

The Southeast Asia GBL and NMP market is undergoing a significant transformation. While traditional industrial applications continue to drive demand, the industry is increasingly focused on high-purity grades for advanced electronics and sustainable production methods.

📈 Key Trends Shaping the Market:

• Exponential growth in demand for battery-grade NMP from the electric vehicle sector

• Increasing regulatory pressure leading to investment in green chemistry and solvent recycling

• Supply chain localization efforts to reduce dependence on imports

• Technological advancements in purification processes to meet evolving industry standards

Get Full Report Here:
Southeast Asia GBL and NMP Market – View in Detailed Research Report

The companies listed above are not only supplying essential chemicals—they are enabling the technological advancement and sustainable growth of Southeast Asia’s key industries.