Global Propylene Glycol Mono Methyl Ether Market 2023-2029

Global Propylene Glycol Mono Methyl Ether Market 2023-2029

Propylene Glycol Mono Methyl Ether (PGME) is a type of glycol ether with a wide range of industrial and commercial uses. It is also known as 1-methoxy-2-propanol and is used as a solvent for printing inks, paints, and resins. It is similar to other glycol ethers and is used as a carrier/solvent in printing/writing inks and paints/coatings. PGME is used as an industrial and commercial paint stripper and as an antifreeze in diesel engines. According to the latest estimates, the global propylene glycol mono methyl ether market is set to achieve an incremental growth of USD 0.6 billion, accelerating at a CAGR of almost 4.8% during the forecast period 2023-2029.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global propylene glycol mono methyl ether market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the application, and region. The global market for propylene glycol mono methyl ether can be segmented by application: chemical intermediates, electronics, paints and coatings, printing inks, others. The chemical intermediates segment held the largest share of the global propylene glycol mono methyl ether market in 2022 and is anticipated to hold its share during the forecast period. Propylene glycol mono methyl ether market is further segmented by region: Asia-Pacific, Europe, North America, RoW (Rest of World). Globally, Asia-Pacific made up the largest share of the propylene glycol mono methyl ether market.

Market Segmentation

By application: chemical intermediates, electronics, paints and coatings, printing inks, others

By region: Asia-Pacific, Europe, North America, RoW (Rest of World)

The report also provides a detailed analysis of several leading propylene glycol mono methyl ether market vendors that include BASF SE, Chang Chun Chemical Corporation, Daicel Corporation, Dow Inc., Eastman Chemical Company, Hualun Chemical (China), Jiangsu Dynamic Chemical Co., Ltd., Jiangsu Jurong Chemical Co., Ltd., Jiangsu Ruijia Food Ingredient Co., Ltd., Jiangsu Yida Chemical Co., Ltd., Jiangsu Yinyan Specialty Chemicals Co., Ltd., KH Neochem Co., Ltd., LyondellBasell Industries N.V., Nippon Nyukazai Co., Ltd., Shell plc, SK picglobal Co., Ltd., Vertec BioSolvents, Inc., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

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Scope of the Report

• To analyze and forecast the market size of the global propylene glycol mono methyl ether market.
• To classify and forecast the global propylene glycol mono methyl ether market based on application, region.
• To identify drivers and challenges for the global propylene glycol mono methyl ether market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global propylene glycol mono methyl ether market.
• To identify and analyze the profile of leading players operating in the global propylene glycol mono methyl ether market.

Why Choose This Report

• Gain a reliable outlook of the global propylene glycol mono methyl ether market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.