Propylene Glycol Monomethyl Ether Acetate (PMA) Market 2025: Solvent Innovation and Industrial Growth Trends Shaping the Future

LOS ANGELES, United States: The report offers a complete research study of the global Propylene Glycol Monomethyl Ether Acetate (PMA) market that includes accurate forecasts and analysis at global, regional, and country levels. It provides a comprehensive view of the global Propylene Glycol Monomethyl Ether Acetate (PMA) market and detailed value chain analysis to help players to closely understand important changes in business activities observed across the industry. It also offers a deep segmental analysis of the global Propylene Glycol Monomethyl Ether Acetate (PMA) market where key product and application segments are shed light upon. Readers are provided with actual market figures related to the size of the global Propylene Glycol Monomethyl Ether Acetate (PMA) market in terms of value and volume for the forecast period 2025-2031.

The global market for Propylene Glycol Monomethyl Ether Acetate (PMA) was estimated to be worth US$ 777 million in 2024 and is forecast to a readjusted size of US$ 1015 million by 2031 with a CAGR of 4.0% during the forecast period 2025-2031.

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Propylene Glycol Monomethyl Ether Acetate (PMA), or PGMEA, is known for its ability to dissolve a wide range of resin types, including urethanes, acrylics, and other polymers, making it effective in formulating paints, coatings, and inks. PGMEA is often considered a more environmentally friendly option compared to traditional solvents due to its lower VOC (volatile organic compounds) content and better biodegradability.

1. Market Competition
The representative players in global Propylene Glycol Monomethyl Ether Acetate (PMA) market are Dow, Jiangsu Dynamic, Shell Chemicals, LyondellBasell and Jiangsu Hualun, accounting for 51% market share in terms of revenues in 2023. The market concentration rate is high. Players are concentrated in United States, Europe, Japan and China.

2. Regions Comparison
The representative production regions in this market are United States, Europe and China, with more than 70% market share in 2023 and the representative consumption regions are North America, Europe and Asia-Pacific, with 91% market share in 2023, especially China, accounting for about 32% market share.
The major production region in China is Jiangsu Province, with more than 80% market share in China market.

3. Product Classification
Propylene Glycol Monomethyl Ether Acetate (PMA) mainly includes Industrial Grade and Electronic Grade. Industrial Grade accounting 82% market share in terms of sales in 2023. Electronic Grade is required higher purity, 99.9% and above.

4. Downstream Market
Propylene Glycol Monomethyl Ether Acetate is used as intermediates and in formulations in industrial, professional or consumer applications, mainly in surface coatings, printing inks, cleaners, agrochemical, or deicing/anti-icing formulations. It is also used as extractant and as coalescing agents and flow improvers in water-based paints. The representative application is Coatings and Inks, accounting 64% market share in terms of sales in 2023. Electronics application has higher growth rate in the future.

In electronics field, PGMEA replaces EEA is in photoresist formulations used in semiconductor processing. In these processes, it is used in the positive photoresist formulation, also used in solvent systems for cleaning and degreasing circuit boards and removing solder flux. The expansion of electronics and semiconductor markets globally fosters demand for high-purity solvents PGMEA.

Details of Propylene Glycol Monomethyl Ether Acetate (PMA) Market Segmentation: -

Segment by Company

Dow
Shell Chemicals
LyondellBasell
Eastman
KH Neochem
Shinko Organic Chemical
Daicel
Chang Chun Group
Shiny Chemical
San Fu Chemical
Jiangsu Dynamic
Jiangsu Hualun
Yida Chemical
Jiangsu Baichuan
Jiangsu Sanmu

Segment by Type

Industrial Grade
Electronic Grade

Segment by Application

Coatings and Inks
Electronics
Cleaners
Others

Our market analysts are experts in deeply segmenting the global Propylene Glycol Monomethyl Ether Acetate (PMA) market and thoroughly evaluating the growth potential of each and every segment studied in the report. Right at the beginning of the research study, the segments are compared on the basis of consumption and growth rate for a review period of nine years. The segmentation study included in the report offers a brilliant analysis of the global Propylene Glycol Monomethyl Ether Acetate (PMA) market, taking into consideration the market potential of different segments studied. It assists market participants to focus on high-growth areas of the global Propylene Glycol Monomethyl Ether Acetate (PMA) market and plan powerful business tactics to secure a position of strength in the industry.

Market Forecast

Our analysts gave importance to systematic data collection as one of the initial steps taken for successful sizing and forecasting of the global Propylene Glycol Monomethyl Ether Acetate (PMA) market. Proprietary models of market segments integrating data from the supply and demand sides of the global Propylene Glycol Monomethyl Ether Acetate (PMA) market were incorporated for the generation of critical market forecasts and data. The authors of the report then used standard processes for structured validation of preliminary values in the market model. This helped them to adjust the market model accordingly. Our analysts follow industry-best primary and secondary research techniques for accurate assessment and forecasting of key market segments and sub-segments.

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Table of Contents

1 Market Overview
1.1 Propylene Glycol Monomethyl Ether Acetate (PMA) Product Introduction
1.2 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Market Size Forecast
1.2.1 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value (2020-2031)
1.2.2 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Volume (2020-2031)
1.2.3 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Price (2020-2031)
1.3 Propylene Glycol Monomethyl Ether Acetate (PMA) Market Trends & Drivers
1.3.1 Propylene Glycol Monomethyl Ether Acetate (PMA) Industry Trends
1.3.2 Propylene Glycol Monomethyl Ether Acetate (PMA) Market Drivers & Opportunity
1.3.3 Propylene Glycol Monomethyl Ether Acetate (PMA) Market Challenges
1.3.4 Propylene Glycol Monomethyl Ether Acetate (PMA) Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered

2 Competitive Analysis by Company
2.1 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Players Revenue Ranking (2024)
2.2 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Revenue by Company (2020-2025)
2.3 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Players Sales Volume Ranking (2024)
2.4 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Volume by Company Players (2020-2025)
2.5 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Average Price by Company (2020-2025)
2.6 Key Manufacturers Propylene Glycol Monomethyl Ether Acetate (PMA) Manufacturing Base and Headquarters
2.7 Key Manufacturers Propylene Glycol Monomethyl Ether Acetate (PMA) Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Propylene Glycol Monomethyl Ether Acetate (PMA)
2.9 Propylene Glycol Monomethyl Ether Acetate (PMA) Market Competitive Analysis
2.9.1 Propylene Glycol Monomethyl Ether Acetate (PMA) Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Propylene Glycol Monomethyl Ether Acetate (PMA) Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Propylene Glycol Monomethyl Ether Acetate (PMA) as of 2024)
2.10 Mergers & Acquisitions, Expansion

3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Industrial Grade
3.1.2 Electronic Grade
3.2 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Type
3.2.1 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value, by Type (2020-2031)
3.2.3 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value, by Type (%) (2020-2031)
3.3 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Volume by Type
3.3.1 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Volume, by Type (2020-2031)
3.3.3 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Volume, by Type (%) (2020-2031)
3.4 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Average Price by Type (2020-2031)

4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Coatings and Inks
4.1.2 Electronics
4.1.3 Cleaners
4.1.4 Others
4.2 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Application
4.2.1 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value, by Application (2020-2031)
4.2.3 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value, by Application (%) (2020-2031)
4.3 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Volume by Application
4.3.1 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Volume, by Application (2020-2031)
4.3.3 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Volume, by Application (%) (2020-2031)
4.4 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Average Price by Application (2020-2031)

5 Segmentation by Region
5.1 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Region
5.1.1 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Region (2020-2025)
5.1.3 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Region (2026-2031)
5.1.4 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Region (%), (2020-2031)
5.2 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Volume by Region
5.2.1 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Volume by Region (2020-2025)
5.2.3 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Volume by Region (2026-2031)
5.2.4 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Volume by Region (%), (2020-2031)
5.3 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value, 2020-2031
5.4.2 North America Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value, 2020-2031
5.5.2 Europe Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value, 2020-2031
5.6.2 Asia Pacific Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value, 2020-2031
5.7.2 South America Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value, 2020-2031
5.8.2 Middle East & Africa Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Country (%), 2024 VS 2031

6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value
6.2.1 Key Countries/Regions Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value, 2020-2031
6.2.2 Key Countries/Regions Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value, 2020-2031
6.3.2 United States Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value, 2020-2031
6.4.2 Europe Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value, 2020-2031
6.5.2 China Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Type (%), 2024 VS 2031
6.5.3 China Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value, 2020-2031
6.6.2 Japan Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value, 2020-2031
6.7.2 South Korea Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value, 2020-2031
6.8.2 Southeast Asia Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value, 2020-2031
6.9.2 India Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Type (%), 2024 VS 2031
6.9.3 India Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Value by Application, 2024 VS 2031

7 Company Profiles
7.1 Dow
7.1.1 Dow Company Information
7.1.2 Dow Introduction and Business Overview
7.1.3 Dow Propylene Glycol Monomethyl Ether Acetate (PMA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Dow Propylene Glycol Monomethyl Ether Acetate (PMA) Product Offerings
7.1.5 Dow Recent Development
7.2 Shell Chemicals
7.2.1 Shell Chemicals Company Information
7.2.2 Shell Chemicals Introduction and Business Overview
7.2.3 Shell Chemicals Propylene Glycol Monomethyl Ether Acetate (PMA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Shell Chemicals Propylene Glycol Monomethyl Ether Acetate (PMA) Product Offerings
7.2.5 Shell Chemicals Recent Development
7.3 LyondellBasell
7.3.1 LyondellBasell Company Information
7.3.2 LyondellBasell Introduction and Business Overview
7.3.3 LyondellBasell Propylene Glycol Monomethyl Ether Acetate (PMA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 LyondellBasell Propylene Glycol Monomethyl Ether Acetate (PMA) Product Offerings
7.3.5 LyondellBasell Recent Development
7.4 Eastman
7.4.1 Eastman Company Information
7.4.2 Eastman Introduction and Business Overview
7.4.3 Eastman Propylene Glycol Monomethyl Ether Acetate (PMA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Eastman Propylene Glycol Monomethyl Ether Acetate (PMA) Product Offerings
7.4.5 Eastman Recent Development
7.5 KH Neochem
7.5.1 KH Neochem Company Information
7.5.2 KH Neochem Introduction and Business Overview
7.5.3 KH Neochem Propylene Glycol Monomethyl Ether Acetate (PMA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 KH Neochem Propylene Glycol Monomethyl Ether Acetate (PMA) Product Offerings
7.5.5 KH Neochem Recent Development
7.6 Shinko Organic Chemical
7.6.1 Shinko Organic Chemical Company Information
7.6.2 Shinko Organic Chemical Introduction and Business Overview
7.6.3 Shinko Organic Chemical Propylene Glycol Monomethyl Ether Acetate (PMA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Shinko Organic Chemical Propylene Glycol Monomethyl Ether Acetate (PMA) Product Offerings
7.6.5 Shinko Organic Chemical Recent Development
7.7 Daicel
7.7.1 Daicel Company Information
7.7.2 Daicel Introduction and Business Overview
7.7.3 Daicel Propylene Glycol Monomethyl Ether Acetate (PMA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Daicel Propylene Glycol Monomethyl Ether Acetate (PMA) Product Offerings
7.7.5 Daicel Recent Development
7.8 Chang Chun Group
7.8.1 Chang Chun Group Company Information
7.8.2 Chang Chun Group Introduction and Business Overview
7.8.3 Chang Chun Group Propylene Glycol Monomethyl Ether Acetate (PMA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Chang Chun Group Propylene Glycol Monomethyl Ether Acetate (PMA) Product Offerings
7.8.5 Chang Chun Group Recent Development
7.9 Shiny Chemical
7.9.1 Shiny Chemical Company Information
7.9.2 Shiny Chemical Introduction and Business Overview
7.9.3 Shiny Chemical Propylene Glycol Monomethyl Ether Acetate (PMA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Shiny Chemical Propylene Glycol Monomethyl Ether Acetate (PMA) Product Offerings
7.9.5 Shiny Chemical Recent Development
7.10 San Fu Chemical
7.10.1 San Fu Chemical Company Information
7.10.2 San Fu Chemical Introduction and Business Overview
7.10.3 San Fu Chemical Propylene Glycol Monomethyl Ether Acetate (PMA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 San Fu Chemical Propylene Glycol Monomethyl Ether Acetate (PMA) Product Offerings
7.10.5 San Fu Chemical Recent Development
7.11 Jiangsu Dynamic
7.11.1 Jiangsu Dynamic Company Information
7.11.2 Jiangsu Dynamic Introduction and Business Overview
7.11.3 Jiangsu Dynamic Propylene Glycol Monomethyl Ether Acetate (PMA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Jiangsu Dynamic Propylene Glycol Monomethyl Ether Acetate (PMA) Product Offerings
7.11.5 Jiangsu Dynamic Recent Development
7.12 Jiangsu Hualun
7.12.1 Jiangsu Hualun Company Information
7.12.2 Jiangsu Hualun Introduction and Business Overview
7.12.3 Jiangsu Hualun Propylene Glycol Monomethyl Ether Acetate (PMA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Jiangsu Hualun Propylene Glycol Monomethyl Ether Acetate (PMA) Product Offerings
7.12.5 Jiangsu Hualun Recent Development
7.13 Yida Chemical
7.13.1 Yida Chemical Company Information
7.13.2 Yida Chemical Introduction and Business Overview
7.13.3 Yida Chemical Propylene Glycol Monomethyl Ether Acetate (PMA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Yida Chemical Propylene Glycol Monomethyl Ether Acetate (PMA) Product Offerings
7.13.5 Yida Chemical Recent Development
7.14 Jiangsu Baichuan
7.14.1 Jiangsu Baichuan Company Information
7.14.2 Jiangsu Baichuan Introduction and Business Overview
7.14.3 Jiangsu Baichuan Propylene Glycol Monomethyl Ether Acetate (PMA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Jiangsu Baichuan Propylene Glycol Monomethyl Ether Acetate (PMA) Product Offerings
7.14.5 Jiangsu Baichuan Recent Development
7.15 Jiangsu Sanmu
7.15.1 Jiangsu Sanmu Company Information
7.15.2 Jiangsu Sanmu Introduction and Business Overview
7.15.3 Jiangsu Sanmu Propylene Glycol Monomethyl Ether Acetate (PMA) Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Jiangsu Sanmu Propylene Glycol Monomethyl Ether Acetate (PMA) Product Offerings
7.15.5 Jiangsu Sanmu Recent Development

8 Industry Chain Analysis
8.1 Propylene Glycol Monomethyl Ether Acetate (PMA) Industrial Chain
8.2 Propylene Glycol Monomethyl Ether Acetate (PMA) Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Model
8.5.2 Sales Channel
8.5.3 Propylene Glycol Monomethyl Ether Acetate (PMA) Distributors

9 Research Findings and Conclusion

10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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