High Purity PGME and PGMEA Market Share Driven by Precision Cleaning Needs in Semiconductor and Display Fabrication | Valuates Reports

High Purity PGME and PGMEA Market Size
The global market for High Purity PGME and PGMEA was valued at US$ 649 million in the year 2024 and is projected to reach a revised size of US$ 1158 million by 2031, growing at a CAGR of 9.1% during the forecast period.

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The high purity PGME and PGMEA market is experiencing robust market growth, propelled by the increasing complexity of semiconductor manufacturing and the demand for ultra-clean solvents in electronic applications. Market trends show a steady shift toward higher purity levels as industries prioritize chemical stability, reduced contamination, and optimized performance in precision processes. As a result, the market size is expanding in line with technological advancements and rising investments in advanced electronics production.

Among the solvent types, PGMEA currently holds the largest market share, due to its widespread adoption in semiconductor photolithography and cleaning applications where high solvency power and low residue levels are essential. PGME is registering the fastest market growth, driven by its compatibility with a range of advanced manufacturing processes and growing use in photoresist formulations. Both solvents are critical components in cleanroom environments, where chemical performance directly influences yield and reliability.

By application, the semiconductor segment dominates the market, supported by the ongoing miniaturization of chips and the need for contamination-free environments during fabrication. Meanwhile, the flat panel display (FPD) segment is witnessing the fastest growth, fueled by global demand for OLED, LCD, and other high-resolution display technologies. Other application areas also contribute to niche requirements in electronics assembly and advanced optical devices, reinforcing the role of high purity solvents.

The market forecast remains positive as innovation in chip design, materials engineering, and display technologies continues to accelerate. With purity requirements becoming more stringent and process tolerances tighter, the demand for high purity PGME and PGMEA is expected to grow substantially. These solvents will remain integral to enabling precision, performance, and scale in the global electronics manufacturing ecosystem.

Segment by Type

• PGME
• PGMEA

Segment by Application

• Semiconductors
• Flat Panel Display (FPD)
• Others

By Company

Daicel, Dow Inc, KH Neochem, Eastman, Shiny Chemical Industrial, Chemtronics, Jiangsu Dynamic Chemical, Chang Chun Group, Yida Chemical, Jiangsu Hualun

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This release was published on openPR.