High Purity PGMEA & PMA for Electronic Market Share Driven by Demand for Advanced Semiconductor and Display Manufacturing | Valuates Reports

High Purity Propylene Glycol Monomethyl Ether Acetate (PGMEA & PMA) for Electronic Market Size
The global market for High Purity Propylene Glycol Monomethyl Ether Acetate (PGMEA & PMA) for Electronic was valued at US$ 281 million in the year 2024 and is projected to reach a revised size of US$ 466 million by 2031, growing at a CAGR of 7.6% during the forecast period.

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The high purity PGMEA & PMA for electronic market is witnessing consistent market growth, driven by the accelerating demand for precision chemicals in next-generation semiconductor and display fabrication. As advanced electronics continue to evolve, market trends point toward increased consumption of high-performance solvents that meet stringent purity requirements. The market size is being shaped by developments in lithography processes, miniaturization of devices, and the expansion of high-end electronics manufacturing hubs.

By type, ultra high purity PGMEA & PMA currently hold the largest market share, owing to their critical role in advanced semiconductor fabrication where even trace impurities can impact yield and performance. High purity variants are showing the fastest market growth, supported by their growing use in flat panel display production and applications where near-ultra purity meets cost-efficiency demands. Other purity levels remain relevant for non-critical uses but represent a smaller portion of total demand.

In terms of application, the semiconductor segment dominates the market, as chip manufacturers increasingly rely on ultra-clean solvents for photoresist formulation, cleaning, and etching processes. Meanwhile, the flat panel display (FPD) segment is expanding at the fastest rate, fueled by rising global demand for OLEDs, LCDs, and next-gen flexible displays. Other applications continue to contribute to niche requirements in related electronics manufacturing environments.

The market forecast remains strong, underpinned by technological advancements in semiconductor node scaling, increasing investment in display fabrication facilities, and growing emphasis on chemical purity standards. As the electronics sector evolves toward higher precision and complexity, high purity PGMEA & PMA will play an essential role in enabling consistent process performance, further driving market growth across global production ecosystems.

By type

• Ultra High Purity
• High Purity
• Others

By application

• Semiconductors
• Flat Panel Display (FPD)
• Others

By Company

Dow, Shell Chemicals, LyondellBasell, Eastman, KH Neochem Co, Shinko Organic Chemical Industry Ltd, Daicel, Chang Chun Group, Shiny Chemical Industrial Co, Jiangsu Dynamic, Jiangsu Hualun, Jiangsu Baichuan, Yida Chemical

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This release was published on openPR.