openPR Logo
Press release

Increasing Consumer Adoption to Increase Demand for Propylene Glycol Methyl Ether Acetate Market During 2020-2030

Increasing Consumer Adoption to Increase Demand for Propylene

Globally, the chemical industry plays a vital role in the economic development of a country. However, the COVID-19 pandemic situation has changed the outlook of global chemical industry over the last couple of quarters in 2020. In order to overcome this situation, key players in the propylene glycol methyl ether acetate (PGMEA) market across the world are planning to focus on more an agile and flexile supply chain network for chemicals. Furthermore, there are some chemicals that are in demand even in this pandemic situation, such as solvents, which are required for agrochemicals, pharmaceuticals, and for other important applications. PGMEA is one such solvent, estimated to witness steady growth in demand over the coming years.

As per PMR analysis, the global propylene glycol methyl ether acetate market is estimated to expand at a CAGR of 3.5% over the forecast period of 2020-2030.

Request Sample Report @ https://www.persistencemarketresearch.com/samples/24157

Key Takeaways from PGMEA Market Study

Globally, the chemical manufacturing industry has witnessed significant growth over the recent past, driven by growth in end-use industries. This growth is estimated to persist over the coming years too. Demand for PGMEA in chemical manufacturing is expected to remain lucrative in end uses such as solvents, electronics, cleaners, metal finishing, and pesticides.
Owing to several applications of solvents in the chemical industry, the segment is experiencing significant growth and is expected to grow 1.4X over the next ten years. Demand is majorly driven by pharmaceutical and other allied industries
Application of PGMEA is substantially increasing in the electronics industry, owing to its significant properties that is essential for electronic components, such as high purity. Key players in the propylene glycol methyl ether acetate market have an opportunity to gain around US$ 53 Mn over the next ten years.
The cleaners segment in the PGMEA market has gained momentum since the last couple of years, owing to improved stability with respect to other cleaning chemicals and more economical as compared to its substitutes.
Globally, East Asia is one of the dominant regions for PGMEA, especially China, with the fastest growth of across the world. PGMEA manufacturers in China possess very high export potential, and are actively focused on expanding their overseas markets.
The COVID-19 pandemic has resulted in supply chain disruptions in the propylene glycol methyl ether acetate market, and also decreased demand from end-use industries.

For critical insights, request for methodology @ https://www.persistencemarketresearch.com/methodology/24157

"The global chemical sector has undergone mass relocation over the past 5 years. India and China, along with other developing countries, have been preferable destinations for expenditure and investments. Prime driving factors are rapid industrialization, infrastructural developments, and economic growth. Growth in these regions is paving way for substantial growth opportunity for manufacturers in the PGMEA market," says a PMR analyst.

PGMEA Market: Conclusion

The global propylene glycol methyl ether acetate market is occupied by a number of manufacturers. They are increasing production in their existing units by increasing production utilization rates. Moreover, to strengthen their global supply systems and continue meeting robust demand, they are expanding their global presence. Demand for PGMEA is expected to ascend for its use in solvents, cleaners, metal finishing, pesticides, electronics, and others applications. East Asia holds a major portion of the global PGMEA market. Also, increasing imports from developed regions such as North America and Europe are further anticipated to catalyze the growth of the propylene glycol methyl ether acetate market over the coming years.

Want to Know More?

Persistence Market Research has published a market research report on the propylene glycol methyl ether acetate (PGMEA) market, which contains global industry analysis of 2015-2019 and forecasts for 2020-2030. The report provides insightful analysis of the PGMEA market through different segments - grade, application, and region. The propylene glycol methyl ether acetate market report also provides supply and demand trends, import-export scenario, a comprehensive list of suppliers and distributors in the market, along with a detailed overview of the value chain.

For In-Depth Competitive Analysis Buy Now @ https://www.persistencemarketresearch.com/checkout/24157

Complete Report Details@ https://www.persistencemarketresearch.com/market-research/propylene-glycol-methyl-ether-acetate-market.asp

Read More Trending "PMR Exclusive Article"-

Color Masterbatches Market@ https://www.persistencemarketresearch.com/market-research/color-masterbatches-market.asp

Salt Hydrate Market@ https://www.persistencemarketresearch.com/market-research/salt-hydrate-market.asp

Contact Us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com

About us-
Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on "micros" by Persistence Market Research helps companies overcome their "macro" business challenges.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Increasing Consumer Adoption to Increase Demand for Propylene Glycol Methyl Ether Acetate Market During 2020-2030 here

News-ID: 2619763 • Views:

More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and
Global Forged Automotive Components Market Poised for Steady Growth, Projected to Reach US$ 70.7 Billion by 2032
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts. Forged automotive components are critical to
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ 2.14 Billion by 2032, Reports Persistence Market Research
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Driven by Urbanization and Demographic Trends
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring

All 5 Releases


More Releases for PGMEA

High Purity PGME and PGMEA Market Size, Share, Trends, and Forecast: 2024-2030
QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "High Purity PGME and PGMEA- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.   The global
High Purity PGMEA Market Share, Trends, Future Outlook, Analysis and Forecast 20 …
The High Purity PGMEA Market report is a brilliant presentation of critical dynamics, regional growth, competition, and other important aspects of the global High Purity PGMEA market. It provides accurate market figures and statistics including CAGR, revenue, volume, consumption, production, market shares, price, and gross margin. Each regional market studied in the report is carefully analyzed to explore key opportunities and business prospects they are expected to offer in the near future. The authors
Global Propylene Glycol Methyl Ether Acetate (PGMEA) Market Research Trends Anal …
The global propylene glycol methyl ether acetate (PGMEA) market is projected to grow from USD 1.02 Billion in 2023 to USD 1.48 Billion by 2032, at a CAGR of 4.5% from 2023 to 2032. The chemical molecule known as PGMEA, also known as propylene glycol methyl ether acetate, is a member of the ester family. It has a taste that is just a little bit sweet and is colourless and
Electronic Grade PGMEA Market: Competitive Dynamics & Global Outlook 2025
LP INFORMATION recently released a research report on the Electronic Grade PGMEA market analysis, which studies the Electronic Grade PGMEA's industry coverage, current market competitive status, and market outlook and forecast by 2025. Global “Electronic Grade PGMEA Market 2020-2025” Research Report categorizes the global Electronic Grade PGMEA market by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players
Global PGMEA for Electronics Market Huge Growth Opportunity between 2020-2025
LP INFORMATION recently released a research report on the PGMEA for Electronics market analysis and elaborate the industry coverage, current market competitive status, and market outlook and forecast by 2025. Moreover, it categorizes the global PGMEA for Electronics market by key players, product type, applications and regions,etc. The main objective of this market research is to help the readers understand the structure of PGMEA for Electronics market, market definition, overview,
Global PGMEA Market is estimated register a slow-moving CAGR of 3.8% between 201 …
A P-type glycol ether derivative, Propylene Glycol Methyl Ether Acetate (PGMEA) is used widely used as a solvent and surface adherent in semiconductor and electronics industry—in the form of inks, coatings and cleaners. As per a recent market outlook by Persistence Market Research, the global Propylene Glycol Methyl Ether Acetate market is estimated register a slow-moving CAGR of 3.8% between 2018 and 2026, touching a market valuation of US$ 511.2