6 minute read
Propylene Glycol Monomethyl Ether Acetate (PMA) Market, Global Outlook and Forecast 2025-2032
Propylene Glycol Monomethyl Ether Acetate (PGMEA), also known as propylene glycol methyl ether acetate (PMA), is a colorless, hygroscopic solvent with a mild odor. It is widely used across various industries due to its excellent solvency properties, making it an essential component in coatings, inks, and cleaning applications. The chemical formula of PGMEA is C6H12O3. Due to its low toxicity and environmentally friendly nature, PGMEA is a preferred solvent in several high-tech applications, including semiconductor manufacturing and liquid crystal display (LCD) cleaning. However, it is flammable and may form explosive vapor-air mixtures when heated above 42°C.
Market Size
The global Propylene Glycol Monomethyl Ether Acetate (PMA) market was valued at approximately USD 735.60 million in 2023 and is projected to reach USD 968.00 million by 2030. This growth represents a compound annual growth rate (CAGR) of 4.00% over the forecast period. The increasing demand for eco-friendly and high-performance solvents is a key driver of this market expansion. In North America, the PMA market was valued at USD 191.68 million in 2023 and is expected to grow at a CAGR of 3.43% between 2025 and 2030.
Market Dynamics (Drivers, Restraints, Opportunities, and Challenges)
Download a free Sample Report PDF
Drivers
Growing Demand in Electronics Industry: PGMEA is extensively used in semiconductor manufacturing and LCD production, driving market demand.
Rise in Coatings and Ink Applications: The increasing use of PGMEA in coatings and ink formulations due to its excellent solvency properties contributes to market growth.
Eco-Friendly Solvent Properties: PGMEA is favored for its non-polluting nature, making it a preferred choice in industrial and electronic applications.
Restraints
Flammability Risks: PGMEA is a flammable solvent that requires stringent handling and storage precautions, which can increase operational costs.
Stringent Environmental Regulations: Regulatory constraints on solvent emissions and workplace safety standards may hinder market expansion.
Price Volatility of Raw Materials: Fluctuations in the cost of raw materials such as propylene glycol can impact the profitability of manufacturers.
Opportunities
Expansion in Emerging Markets: Rapid industrialization and increasing electronics production in Asia-Pacific present significant growth opportunities.
Development of Low-VOC Formulations: Innovations in low-volatile organic compound (VOC) solvents could enhance PGMEA adoption in environmentally sensitive regions.
Rising Investment in Semiconductor Industry: The increasing global demand for microchips and semiconductors is likely to boost PGMEA consumption.
Challenges
Health and Safety Concerns: Prolonged exposure to PGMEA can cause health issues such as skin and respiratory irritation, requiring strict occupational safety measures.
Competitive Substitutes: The availability of alternative solvents with similar properties poses a challenge to PGMEA market expansion.
Regional Analysis
North America
The North American market for PGMEA was valued at USD 191.68 million in 2023.
The market is driven by a robust semiconductor industry, increasing use of eco-friendly solvents, and technological advancements.
Key players in this region include Dow, Eastman, and LyondellBasell.
Europe
Germany, the UK, and France lead PGMEA consumption due to strong demand in coatings, paints, and industrial applications.
Stringent EU environmental policies drive the adoption of low-VOC solvents.
Asia-Pacific
China, Japan, and South Korea dominate the market due to high demand from the electronics and semiconductor industries.
Rapid industrialization and government support for chemical manufacturing contribute to regional growth.
South America & MEA
These regions have relatively lower market shares but show potential for growth due to increasing industrialization and demand for advanced coatings and ink solutions.
Competitor Analysis
Key Market Players
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
Market Segmentation (by Application)
Coatings and Inks
Electronics
Cleaners
Others
Market Segmentation (by Type)
Industrial Grade
Electronic Grade
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
FAQ
What is the current market size of Propylene Glycol Monomethyl Ether Acetate (PMA)?
➣ The global PMA market was valued at approximately USD 735.60 million in 2023 and is projected to reach USD 968.00 million by 2030, with a CAGR of 4.00%.
Which are the key companies operating in the PMA market?
➣ Major players include Dow, Shell Chemicals, LyondellBasell, Eastman, KH Neochem, and others.
What are the key growth drivers in the PMA market?
➣ Key drivers include growing demand in the electronics industry, increasing applications in coatings and inks, and the eco-friendly nature of PGMEA.
Which regions dominate the PMA market?
➣ Asia-Pacific, North America, and Europe are the dominant regions due to their high demand from industrial and electronics applications.
What are the emerging trends in the PMA market?
➣ Trends include the development of low-VOC solvents, increased investment in the semiconductor industry, and the expansion of PGMEA applications in industrial cleaning and coatings.
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Propylene Glycol Monomethyl Ether Acetate (PMA) Market
Overview of the regional outlook of the Propylene Glycol Monomethyl Ether Acetate (PMA) Market:
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
6-month post-sales analyst support
Download FREE Sample of this Report
𝗠𝗼𝗿𝗲 𝗔𝗿𝘁𝗶𝗰𝗹𝗲𝘀 𝗙𝗿𝗼𝗺 𝟮𝟰𝗖𝗵𝗲𝗺𝗶𝗰𝗮𝗹 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵
𝟮𝟰𝗖𝗵𝗲𝗺𝗶𝗰𝗮𝗹𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵: https://www.linkedin.com/company/24chemicalresearchold/
𝐎𝐫𝐠𝐚𝐧𝐢𝐜 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬: https://www.linkedin.com/pulse/latin-america-cyanamide-market-trends-growth-forecast-liawc/?trackingId=5xaVMPwbRVacXousZGz4CQ%3D%3D
𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐀𝐝𝐡𝐞𝐬𝐢𝐯𝐞𝐬 𝐒𝐞𝐚𝐥𝐚𝐧𝐭𝐬 𝐚𝐧𝐝 𝐄𝐥𝐚𝐬𝐭𝐨𝐦𝐞𝐫𝐬: https://www.linkedin.com/pulse/latin-america-uv-curable-resin-market-outlook-forecast-i8otc/?trackingId=tu6S0yezl9N0UcwL8%2FmJhQ%3D%3D
𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐀𝐝𝐡𝐞𝐬𝐢𝐯𝐞𝐬 𝐒𝐞𝐚𝐥𝐚𝐧𝐭𝐬 𝐚𝐧𝐝 𝐄𝐥𝐚𝐬𝐭𝐨𝐦𝐞𝐫𝐬: https://www.linkedin.com/pulse/latin-america-uv-curable-resins-formulated-products-trz2c/?trackingId=YEiQUCU7EZ0RtFPm10mvAg%3D%3D
𝐌𝐞𝐭𝐚𝐥𝐥𝐢𝐜 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬: https://www.linkedin.com/pulse/latin-america-neodymium-magnet-market-trends-forecast-77a9c
𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬: https://www.linkedin.com/pulse/latin-america-antimicrobial-coatings-market-trends-nj07c/?trackingId=eI9vIJmlm09ngS7KKZcCDA%3D%3D
𝐁𝐮𝐥𝐤 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬 𝐚𝐧𝐝 𝐈𝐧𝐨𝐫𝐠𝐚𝐧𝐢𝐜𝐬: https://www.linkedin.com/pulse/latin-america-industrial-gas-market-outlook-forecast-eunic/?trackingId=tovprZBBLyoJkF1kGbT8zA%3D%3D
𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐀𝐝𝐡𝐞𝐬𝐢𝐯𝐞𝐬 𝐒𝐞𝐚𝐥𝐚𝐧𝐭𝐬 𝐚𝐧𝐝 𝐄𝐥𝐚𝐬𝐭𝐨𝐦𝐞𝐫𝐬: https://www.linkedin.com/pulse/latin-america-antimicrobial-coatings-market-outlook-8ygxc/?trackingId=8AIfbabsMdwvCPTSFElidw%3D%3D
𝐒𝐩𝐞𝐜𝐢𝐚𝐥𝐢𝐭𝐲 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬: https://www.linkedin.com/pulse/functionalized-polyethylene-glycol-pegs-market-global-kbdqc/?trackingId=NzN7mrIv0KAQxd5IjwHq6Q%3D%3D
𝐒𝐩𝐞𝐜𝐢𝐚𝐥𝐢𝐭𝐲 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬: https://www.linkedin.com/pulse/latin-america-antimicrobial-additives-market-trends-z0ksc
𝐌𝐞𝐭𝐚𝐥𝐬 𝐚𝐧𝐝 𝐌𝐢𝐧𝐞𝐫𝐚𝐥𝐬: https://www.linkedin.com/pulse/latin-america-octg-connector-market-outlook-forecast-reocc/?trackingId=zu%2FG24o78S0k1xK9P6kV%2FQ%3D%3D
𝐈𝐧𝐨𝐫𝐠𝐚𝐧𝐢𝐜 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬: https://www.linkedin.com/pulse/latin-america-lead-oxide-market-trends-forecast-2025-qjlhc/?trackingId=uMiZnme%2FqtO%2BLt06TYKvCg%3D%3D
𝐀𝐠𝐫𝐨𝐜𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬: https://www.linkedin.com/pulse/latin-america-dap-fertilizer-market-outlook-forecast-jdgpc/?trackingId=zQ1fHQBC2ERl8jgpwqshUw%3D%3D
𝐎𝐫𝐠𝐚𝐧𝐢𝐜 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬: https://www.linkedin.com/pulse/latin-america-methylene-diphenyl-di-isocyanate-market-wqprc/?trackingId=mI2FDXws4IOUsGfMkDLTHA%3D%3D
Follow Us On linkedin :- https://www.linkedin.com/company/24chemicalresearch/
