The Global Electronic Grade N-methylpyrrolidone (NMP) Market was valued at USD 2.35 Billion in 2024 and is projected to reach USD 3.62 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period (2025-2032). This growth is being driven by the rapid expansion of semiconductor manufacturing, the global surge in electric vehicle adoption, and the indispensable role of NMP in lithium-ion battery electrode production.

As the electronics industry pushes toward smaller, more powerful, and more efficient devices, the demand for ultra-high purity processing chemicals has never been greater. In this blog, we profile the Top 10 Companies in the Electronic Grade NMP Industry—a mix of global chemical giants and specialized manufacturers that are critical to the supply chains of batteries, chips, and displays worldwide.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Electronic Grade NMP (99.9%+ purity), High-Purity Solvents

BASF is a global leader in the chemical industry and a major supplier of high-purity Electronic Grade NMP. The company serves leading semiconductor fabricators and battery manufacturers worldwide, leveraging its extensive R&D capabilities to develop solvents that meet the most stringent purity requirements for advanced electronics applications.

Innovation & Sustainability Initiatives:

• Investment in closed-loop recycling systems for NMP recovery

• Development of next-generation formulations for sub-5nm semiconductor nodes

• Commitment to carbon-neutral production processes by 2050

Download FREE Sample Report:
Global Electronic Grade N-methylpyrrolidone (NMP) Market – View in Detailed Research Report

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9️⃣ 2. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Ultra-High Purity NMP, Specialty Solvents for Electronics

Mitsubishi Chemical is a dominant force in the Asian Electronic Grade NMP market, supplying critical materials to the region’s vast electronics and battery manufacturing hubs. The company’s focus on quality control and consistent supply makes it a preferred partner for tier-1 battery cell producers and semiconductor foundries.

Innovation & Sustainability Initiatives:

• Proprietary purification technology for >99.99% purity grades

• Strategic partnerships with EV battery gigafactories across Asia and Europe

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8️⃣ 3. LyondellBasell Industries

Headquarters: Houston, Texas, USA & Rotterdam, Netherlands
Key Offering: Electronic Grade NMP, Advanced Polymer Solutions

LyondellBasell is a major global producer of chemicals and polymers, with a significant position in the Electronic Grade NMP market. Their extensive production footprint and logistics network ensure reliable supply to electronics manufacturers in North America and Europe, particularly for the rapidly growing battery sector.

Innovation & Sustainability Initiatives:

• Focus on supply chain optimization for just-in-time delivery to battery plants

• R&D into bio-based precursors for sustainable NMP production

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7️⃣ 4. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: High-Purity NMP, Specialty Solvents and Materials

Eastman is a key supplier of Electronic Grade NMP, particularly strong in the North American market. The company’s chemicals division serves a broad range of industries, with its high-purity NMP being critical for photoresist stripping in semiconductor manufacturing and electrode coating in battery production.

Innovation & Sustainability Initiatives:

• Implementation of advanced distillation techniques for impurity control

• Collaboration with semiconductor equipment makers to optimize solvent use

Download FREE Sample Report:
Global Electronic Grade N-methylpyrrolidone (NMP) Market – View in Detailed Research Report

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6️⃣ 5. Ashland Global Holdings Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: Electronic Grade NMP, Pharmaceutical and Personal Care Ingredients

Ashland is a global specialty chemicals company with a dedicated electronics materials segment. Their Electronic Grade NMP is used extensively in the production of flexible printed circuits, display panels, and as a cleaning agent in semiconductor fabrication facilities.

Innovation & Sustainability Initiatives:

• Development of low-VOC NMP formulations to meet stringent environmental regulations

• Expansion of high-purity production capacity to meet growing battery demand

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5️⃣ 6. Changxin Chemical

Headquarters: Nanjing, Jiangsu, China
Key Offering: Electronic Grade NMP, Lithium Battery Solvents

Changxin Chemical is one of China’s leading producers of Electronic Grade NMP, strategically positioned to serve the world’s largest battery and electronics manufacturing base. The company has rapidly expanded its capacity to keep pace with the explosive growth of the EV industry in Asia.

Innovation & Sustainability Initiatives:

• Large-scale production facilities dedicated to battery-grade NMP

• Investment in local raw material sourcing to ensure supply chain security

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4️⃣ 7. Sichuan Tianhua Co., Ltd.

Headquarters: Chengdu, Sichuan, China
Key Offering: Ultra-Pure NMP, Chemical Intermediates

Sichuan Tianhua is a significant player in the Chinese chemical market, with a strong focus on high-purity chemicals for the electronics sector. The company’s Electronic Grade NMP is widely used by battery manufacturers in the Chengdu-Chongqing economic zone, a major hub for EV production.

Innovation & Sustainability Initiatives:

• Vertical integration with precursor manufacturing to control quality and cost

• Adoption of green chemistry principles in production processes

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3️⃣ 8. Zhejiang Realsun Chemical Co., Ltd.

Headquarters: Hangzhou, Zhejiang, China
Key Offering: Electronic Grade NMP, Specialty Chemicals

Zhejiang Realsun Chemical is a specialized producer of fine chemicals, with Electronic Grade NMP being a key product line. The company benefits from its location in Zhejiang province, a center for chemical innovation and production in China, and serves both domestic and international electronics customers.

Innovation & Sustainability Initiatives:

• Focus on custom purity specifications for different electronic applications

• Investment in analytical capabilities for rigorous quality assurance

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2️⃣ 9. Puyang Guangming Chemicals Co., Ltd.

Headquarters: Puyang, Henan, China
Key Offering: Electronic Grade NMP, Industrial Chemicals

Puyang Guangming Chemicals has established itself as a reliable supplier of Electronic Grade NMP to the growing battery industry in central China. The company’s strategic location provides logistical advantages for serving battery gigafactories in the region.

Innovation & Sustainability Initiatives:

• Expansion projects to increase high-purity NMP output capacity

• Efforts to reduce energy consumption in the purification process

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1️⃣ 10. Binzhou Yuneng Chemical Co., Ltd.

Headquarters: Binzhou, Shandong, China
Key Offering: Electronic Grade NMP, Chemical Solvents

Binzhou Yuneng Chemical is an emerging producer in the Electronic Grade NMP market, focusing on serving the North China battery and electronics sector. The company’s growth reflects the broader expansion of China’s chemical industry to support its high-tech manufacturing ambitions.

Innovation & Sustainability Initiatives:

• Adoption of automated production systems for consistency and efficiency

• Exploration of export opportunities to global electronics markets

Get Full Report Here:
Global Electronic Grade N-methylpyrrolidone (NMP) Market – View in Detailed Research Report

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🌍 Outlook: The Future of Electronic Grade NMP is Smarter and More Sustainable

The Electronic Grade NMP market is undergoing a significant transformation. While traditional applications in semiconductor cleaning remain vital, the explosive growth in lithium-ion battery production is reshaping demand patterns and driving innovation in production and recycling technologies.

📈 Key Trends Shaping the Market:

• Rapid capacity expansion for battery-grade NMP in China and Southeast Asia

• Increasing regulatory pressure driving adoption of closed-loop recycling systems

• Growing demand for ultra-high purity grades (>99.99%) for advanced semiconductor nodes

• Strategic partnerships between NMP producers and battery manufacturers to secure supply chains

Get Full Report Here:
Global Electronic Grade N-methylpyrrolidone (NMP) Market – View in Detailed Research Report

The companies listed above are not only supplying critical materials for global electronics—they’re enabling the technological advancements that power our connected world.