Press release
Global Propylene Glycol Methyl Ether Acetate (Pgmea) Market Was Valued At Us$ 784 Million In 2022 And Is Anticipated To Reach Us$ 1097.6 Million By 2029, Witnessing A Cagr Of 4.8% During Forecast Period 2023-2029
Propylene glycol methyl ether acetate (PGMEA/PMA), CAS #: 108-65-6, is a colourless hygroscopic liquid with a special odour. It is a non-polluting solvent with multi-functional groups. Its molecular formula is C6H12O3. It is mainly used as a solvent for printing ink, paint, textile dyes, and textile oil. The electronic grade, which is further purified, can be used as the photoresist solvent and cleaning agent in the production of semiconductor and liquid crystal displays. PGMEA/PMA is flammable, and when the temperature is above 42°C, it may form explosive vapour/air mixture. This report is focused on propylene glycol monomethyl ether acetate Purity ≥ 99%.
The Propylene Glycol Methyl Ether Acetate (PGMEA) industry can be broken down into several segments, 99.9% min, 99.5% min, 99% min, etc.
Across the world, the major players cover Dow, Shell Chemicals, LyondellBasell, Eastman Chemical, KH Neochem Co., Ltd, Shinko Organic Chemical, Dynamic Chemical, Jiangsu Hualun Chemical, Baichuan Stock, Jiangsu Yida Chemical, etc.
Highlights
The global Propylene Glycol Methyl Ether Acetate (PGMEA) market was valued at US$ 784 million in 2022 and is anticipated to reach US$ 1097.6 million by 2029, witnessing a CAGR of 4.8% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global core propylene glycol methyl ether acetate (PGMEA) manufacturers include Dow, Shell Chemicals, LyondellBasell etc.The top 5 companies hold a share about 25%.Asia-Pacific is the largest market, with a share about 40%, followed by Europe and North America with the share about 28% and 23%.In terms of product, 99.5% min is the largest segment, with a share over 75%. And in terms of application, the largest application is industrial solvents, followed by electronics.
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Report Scope
This report aims to provide a comprehensive presentation of the global market for Propylene Glycol Methyl Ether Acetate (PGMEA) , with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Propylene Glycol Methyl Ether Acetate (PGMEA) .
The Propylene Glycol Methyl Ether Acetate (PGMEA) market size, estimations, and forecasts are provided in terms of output/shipments (Ton) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Propylene Glycol Methyl Ether Acetate (PGMEA) market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Propylene Glycol Methyl Ether Acetate (PGMEA) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
By Company
Dow, Shell Chemicals, LyondellBasell, Eastman Chemical, KH Neochem Co., Ltd, Shinko Organic Chemical, Dynamic Chemical, Jiangsu Hualun Chemical, Baichuan Stock, Jiangsu Yida Chemical, Ruijia Chemistry
Segment by Type
99.5% min, 99.9% min, 99% min
Segment by Application
Industrial Solvents, Electronics, Others
Production by Region
North America
Europe
China
Japan
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by type, by application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Propylene Glycol Methyl Ether Acetate (PGMEA) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Propylene Glycol Methyl Ether Acetate (PGMEA) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Propylene Glycol Methyl Ether Acetate (PGMEA) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the key companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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