GBL and NMP Market Size, Share & Forecast 2030 | CAGR 7.8%
Market Overview The GBL and NMP Market is relatively stable showing positive growth, which is mainly attributed by the rising industrial demand in the chemical, pharmaceutical, electronic and petrochemical industry for high-performance solvent. GBL and NMP are used as specialty solvents on industrial level because of its superior solvating power, high boiling point and strong chemical stability. Market CAGR of 7.8% is expected to make the market USD 9.6 Billion by 2030. Growing demand for Neonneurochomicole due to increased usage in manufacturing Lithium-Ion batteries for electronics, semiconductor processing, pharmaceutical formulations, industrial and institutional cleaning applications in various industries is expected to influence market positively. Market Insights (2026) Market Size (2026): USD 7.1 Billion Forecast (2030): USD 9.6 Billion CAGR (2026–2030): 7.8% Base Year: 2025 Key Segments: GBL, NMP, Electronics Grade, Industrial Grade, Pharmace...