The Global GBL and NMP Market was valued at USD 4,456 Million in 2024 and is projected to reach USD 18,050 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 22.6% during the forecast period (2025–2032). This exceptional growth is primarily driven by the unprecedented surge in lithium-ion battery production for electric vehicles, the expansion of high-performance polymer applications, and increasing adoption in pharmaceutical synthesis.

As the world transitions toward electrification and advanced material solutions, the demand for high-purity solvents like 1-Methyl-2-pyrrolidone (NMP) and Gamma-Butyrolactone (GBL) has become critical. In this blog, we profile the Top 10 Companies in the GBL and NMP Industry—a dynamic mix of chemical giants, specialized manufacturers, and regional leaders who are shaping supply chains for batteries, electronics, and pharmaceuticals.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: High-Purity NMP, GBL, Battery-Grade Solvents

BASF is the undisputed global leader in the GBL and NMP market, leveraging its extensive chemical manufacturing expertise and integrated supply chain. The company produces ultra-high-purity NMP that is essential for lithium-ion battery electrode manufacturing, serving major battery cell producers worldwide. BASF’s strategic investments in Asia-Pacific production facilities have solidified its position to capitalize on the region’s battery manufacturing boom.

Innovation Initiatives:

• Development of closed-loop NMP recycling technologies for battery production

• Expansion of production capacity in China and Europe to meet EV battery demand

• R&D investments in next-generation solvent systems for advanced battery chemistries

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GBL and NMP Market – View in Detailed Research Report

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9️⃣ 2. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: NMP, GBL, High-Purity Chemical Intermediates

Mitsubishi Chemical is a dominant player with significant market share in Asia-Pacific, the world’s largest GBL and NMP consumption region. The company’s advanced production technologies ensure consistent quality for critical applications in battery manufacturing and electronic chemicals. Their vertical integration strategy provides competitive advantages in raw material sourcing and cost management.

Innovation Initiatives:

• Proprietary purification technologies for semiconductor-grade NMP

• Strategic partnerships with Japanese and Korean battery manufacturers

• Development of sustainable production processes to meet environmental regulations

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8️⃣ 3. LyondellBasell Industries

Headquarters: Rotterdam, Netherlands
Key Offering: NMP, GBL, Performance Chemicals

LyondellBasell is a major global producer with extensive manufacturing capabilities across North America, Europe, and Asia. The company’s scale advantages enable competitive pricing and reliable supply for large-volume consumers in the battery and polymer industries. Their technical expertise in chemical processes supports continuous improvement in product quality and production efficiency.

Innovation Initiatives:

• Implementation of advanced distillation technologies for higher purity grades

• Expansion projects targeting the North American battery supply chain

• Collaboration with automotive OEMs on customized solvent formulations

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7️⃣ 4. Ashland Global Holdings

Headquarters: Wilmington, Delaware, USA
Key Offering: Pharmaceutical-Grade NMP, Specialty GBL formulations

Ashland specializes in high-value applications of GBL and NMP, particularly in pharmaceuticals and specialty chemicals. The company’s focus on ultra-pure grades commands premium pricing and positions them strongly in regulated industries. Ashland’s technical service capabilities provide added value through application development support.

Innovation Initiatives:

• Development of GBL-based pharmaceutical intermediates for controlled-release drugs

• Specialized NMP formulations for agrochemical and coating applications

• Investment in analytical capabilities for impurity profiling and quality control

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6️⃣ 5. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: NMP, GBL, Custom Solvent Solutions

Eastman is a significant North American producer with strong positions in both domestic and international markets. The company’s diverse product portfolio allows them to serve multiple end-use industries, from batteries to industrial coatings. Their focus on sustainability includes efforts to improve production efficiency and reduce environmental impact.

Innovation Initiatives:

• Development of alternative solvent systems for emerging battery technologies

• Process optimization to enhance yield and reduce energy consumption

• Technical collaborations with academic institutions on solvent applications

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GBL and NMP Market – View in Detailed Research Report

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5️⃣ 6. SNET Co., Ltd.

Headquarters: Shanghai, China
Key Offering: Battery-Grade NMP, Industrial GBL

SNET has emerged as a key Chinese manufacturer capitalizing on the country’s dominance in battery production. The company’s strategic location near major battery gigafactories provides logistical advantages and enables just-in-time delivery. Their competitive pricing has made them a preferred supplier for cost-sensitive applications.

Innovation Initiatives:

• Rapid capacity expansion to meet domestic battery manufacturer demand

• Development of specialized NMP grades for Chinese battery producers

• Investment in quality control systems to meet international standards

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4️⃣ 7. Yuneng Chemical Co., Ltd.

Headquarters: Zibo, Shandong, China
Key Offering: NMP, GBL, Chemical Intermediates

Yuneng Chemical is one of China’s leading producers with substantial production capacity focused on serving the domestic market. The company has successfully expanded its market share through competitive pricing and reliable supply. Their growth trajectory aligns with China’s leadership in battery manufacturing and chemical production.

Innovation Initiatives:

• Continuous process improvements to enhance production efficiency

• Expansion into higher purity grades for premium applications

• Development of customized solutions for specific customer requirements

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3️⃣ 8. Ganzhou Zhongneng Industrial Co., Ltd.

Headquarters: Ganzhou, Jiangxi, China
Key Offering: NMP, GBL, Battery Materials

Ganzhou Zhongneng has established itself as a significant regional producer with strong presence in Southern China. The company’s proximity to lithium resources and battery manufacturing hubs provides strategic advantages. Their focus on the battery sector has driven rapid growth and market penetration.

Innovation Initiatives:

• Integration with upstream raw material sources for supply security

• Development of battery-specific NMP formulations

• Expansion of production capacity to serve growing EV market

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2️⃣ 9. Synmiway Chemical

Headquarters: Taizhou, Zhejiang, China
Key Offering: Pharmaceutical-Grade GBL, Technical NMP

Synmiway Chemical specializes in high-purity GBL production, particularly for pharmaceutical applications. The company’s focus on quality and consistency has earned them recognition in regulated markets. Their technical expertise in GBL chemistry supports development of value-added derivatives.

Innovation Initiatives:

• Development of GBL-based pharmaceutical intermediates

• Process innovation for higher purity and yield

• Expansion into international markets through quality certifications

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1️⃣ 10. MYI Chemical

Headquarters: Nanjing, Jiangsu, China
Key Offering: NMP, GBL, Specialty Solvents

MYI Chemical completes the top ten with its growing presence in the Chinese market. The company has successfully capitalized on regional demand growth through competitive positioning and customer-focused approach. Their expansion strategy focuses on serving the rapidly growing battery and electronics sectors.

Innovation Initiatives:

• Investment in production technology upgrades

• Development of eco-friendly production processes

• Strategic focus on high-growth application segments

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GBL and NMP Market – View in Detailed Research Report

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🔬 Outlook: The Future of GBL and NMP Markets Is Driven by Technology and Sustainability

The GBL and NMP market is undergoing a fundamental transformation. While traditional applications continue to drive demand, the industry is investing heavily in sustainable production technologies, recycling solutions, and next-generation formulations for emerging applications.

📈 Key Trends Shaping the Market:

• Rapid capacity expansion in Asia-Pacific to meet battery production demands

• Increasing regulatory focus on solvent safety and environmental impact

• Development of advanced recycling technologies for NMP recovery in battery production

• Growing applications in semiconductor manufacturing and advanced electronics

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

The companies profiled above are not only supplying essential chemical intermediates—they’re enabling the technological transformation of energy storage, electronics, and advanced materials.