Global Propylene Glycol Mono Methyl Ether Market will Reach CAGR of 0.63% and USD 1938 million by 2021 by 2020

Propylene glycol ethers are formed from the base catalyzed reaction of propylene oxide with alcohols like methanol, ethanol, propanol, butanol or phenol. Subsequent reaction with additional propylene oxide leads to the corresponding di-, tri- and higher glycol ethers. The Propylene glycol ethers category consists of seven members: propylene glycol n-butyl ether, or PnB (CAS No. 5131-66-8); dipropylene glycol n-butyl ether, or DPnB (CAS No. 29911-28-2); dipropylene glycol methyl ether acetate, or DPMA (CAS No. 88917-22-0); and tripropylene glycol methyl ether, or TPM (CAS No. 25498-49-1 and 20324-33-8); propylene glycol methyl ether, or PM (CAS No. 107-98-2); propylene glycol methyl ether acetate, or PMA (CAS No. 108-65-6); and dipropylene glycol methyl ether, or DPM (CAS No. 34590-94-8).

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The global propylene glycol mono methyl ether market size is estimated to grow from USD 1867 million in 2015 to USD 1938 million by 2021, at an estimated CAGR of 0.63% between 2015 and 2021. With regards to this, key players of propylene glycol mono methyl ether industry are expected to find potential opportunities in this market. Worldwide, 845,470 tons propylene glycol mono methyl ether have been produced in the year 2015, while North America attributes close to 27.31% of the world production, Europe close to 26.76%, China close to 29.12%, and Asia-Pacific 8.92%. In terms of application, PMA production accounts for 49.44% of all propylene glycol mono methyl ether consumption, compared to 23.54% for paints & coatings.

The global propylene glycol mono methyl ether market report profiles some of the key technological developments in the recent times. It also profiles some of the leading players in the market and analyzes their key strategies.

Major Companies covered in this Research Report are,
Dow Chemical (USA)
Eastman (USA)
Lyondellbasell (Netherlands)
Shell (Netherlands)
BASF (Germany)
Daicel (Japan)
Hualun Chemical (China)
Dynamic International (China)
Jiangsu Yida (China)

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The report provides separate comprehensive analytics for the North America, Europe, Asia-Pacific, Middle East and Africa and Rest of World. In this sector, global competitive landscape and supply/demand pattern of Propylene Glycol Mono Methyl Ether industry has been provided.

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