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)
Drivers
Restraints
Opportunities
Challenges
Regional Analysis
North America
Europe
Asia-Pacific
South America & MEA
Competitor Analysis
Key Market Players
Market Segmentation (by Application)
Market Segmentation (by Type)
Geographic Segmentation
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.
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Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Propylene Glycol Monomethyl Ether Acetate (PMA) Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.
Chapter 12 is the main points and conclusions of the report.
Table of Content:
Table of Contents
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Propylene Glycol Monomethyl Ether Acetate (PMA)
1.2 Key Market Segments
1.2.1 Propylene Glycol Monomethyl Ether Acetate (PMA) Segment by Type
1.2.2 Propylene Glycol Monomethyl Ether Acetate (PMA) Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Propylene Glycol Monomethyl Ether Acetate (PMA) Market Overview
2.1 Global Market Overview
2.1.1 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Market Size (M USD) Estimates and Forecasts (2019-2030)
2.1.2 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Estimates and Forecasts (2019-2030)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Propylene Glycol Monomethyl Ether Acetate (PMA) Market Competitive Landscape
3.1 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Sales by Manufacturers (2019-2025)
3.2 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Revenue Market Share by Manufacturers (2019-2025)
3.3 Propylene Glycol Monomethyl Ether Acetate (PMA) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Propylene Glycol Monomethyl Ether Acetate (PMA) Average Price by Manufacturers (2019-2025)
3.5 Manufacturers Propylene Glycol Monomethyl Ether Acetate (PMA) Sales Sites, Area Served, Product Type
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