Global Propylene Glycol Monomethyl Ether Acetate (PMA) Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Propylene Glycol Monomethyl Ether Acetate (PMA) market size was valued at US$ 772 million in 2024 and is forecast to a readjusted size of USD 1003 million by 2031 with a CAGR of 3.9% during review period.

Propylene glycol monomethyl ether acetate (PGMEA/PMA), also known as propylene glycol methyl ether acetate, is a colorless hygroscopic liquid with a unique odor. It is a non-polluting solvent with multi-functional groups. Its molecular formula is C6H12O3. Not only it is used as a solvent for printing ink, paint, ink, textile dyes and textile oil, it is also used as a cleaning agent in the production of liquid crystal displays. PGMEA/PMA is flammable, and when the temperature is above 42°C, it may form explosive vapor/air mixture.

Propylene Glycol Monomethyl Ether Acetate (PMA), or PGMEA, is known for its ability to dissolve a wide range of resin types, including urethanes, acrylics, and other polymers, making it effective in formulating paints, coatings, and inks. PGMEA is often considered a more environmentally friendly option compared to traditional solvents due to its lower VOC (volatile organic compounds) content and better biodegradability.

1. Market Competition

The representative players in global Propylene Glycol Monomethyl Ether Acetate (PMA) market are Dow, Jiangsu Dynamic, Shell Chemicals, LyondellBasell and Jiangsu Hualun, accounting for 51% market share in terms of revenues in 2023. The market concentration rate is high. Players are concentrated in United States, Europe, Japan and China.

2. Regions Comparison

The representative production regions in this market are United States, Europe and China, with more than 70% market share in 2023 and the representative consumption regions are North America, Europe and Asia-Pacific, with 91% market share in 2023, especially China, accounting for about 32% market share.

The major production region in China is Jiangsu Province, with more than 80% market share in China market.

3. Product Classification

Propylene Glycol Monomethyl Ether Acetate (PMA) mainly includes Industrial Grade and Electronic Grade. Industrial Grade accounting 82% market share in terms of sales in 2023. Electronic Grade is required higher purity, 99.9% and above.

4. Downstream Market

Propylene Glycol Monomethyl Ether Acetate is used as intermediates and in formulations in industrial, professional or consumer applications, mainly in surface coatings, printing inks, cleaners, agrochemical, or deicing/anti-icing formulations. It is also used as extractant and as coalescing agents and flow improvers in water-based paints. The representative application is Coatings and Inks, accounting 64% market share in terms of sales in 2023. Electronics application has higher growth rate in the future.

In electronics field, PGMEA replaces EEA is in photoresist formulations used in semiconductor processing. In these processes, it is used in the positive photoresist formulation, also used in solvent systems for cleaning and degreasing circuit boards and removing solder flux. The expansion of electronics and semiconductor markets globally fosters demand for high-purity solvents PGMEA.

This report is a detailed and comprehensive analysis for global Propylene Glycol Monomethyl Ether Acetate (PMA) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Propylene Glycol Monomethyl Ether Acetate (PMA) market size and forecasts, in consumption value ($ Million), sales quantity (MT), and average selling prices (US$/MT), 2020-2031

Global Propylene Glycol Monomethyl Ether Acetate (PMA) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MT), and average selling prices (US$/MT), 2020-2031

Global Propylene Glycol Monomethyl Ether Acetate (PMA) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MT), and average selling prices (US$/MT), 2020-2031

Global Propylene Glycol Monomethyl Ether Acetate (PMA) market shares of main players, shipments in revenue ($ Million), sales quantity (MT), and ASP (US$/MT), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Propylene Glycol Monomethyl Ether Acetate (PMA)

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Propylene Glycol Monomethyl Ether Acetate (PMA) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Dow, Shell Chemicals, LyondellBasell, Eastman, KH Neochem, Shinko Organic Chemical, Daicel, Chang Chun Group, Shiny Chemical, San Fu Chemical, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Propylene Glycol Monomethyl Ether Acetate (PMA) market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Industrial Grade
Electronic Grade

Market segment by Application
Coatings and Inks
Electronics
Cleaners
Others

Major players covered
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 segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Propylene Glycol Monomethyl Ether Acetate (PMA) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Propylene Glycol Monomethyl Ether Acetate (PMA), with price, sales quantity, revenue, and global market share of Propylene Glycol Monomethyl Ether Acetate (PMA) from 2020 to 2025.

Chapter 3, the Propylene Glycol Monomethyl Ether Acetate (PMA) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Propylene Glycol Monomethyl Ether Acetate (PMA) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Propylene Glycol Monomethyl Ether Acetate (PMA) market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Propylene Glycol Monomethyl Ether Acetate (PMA).

Chapter 14 and 15, to describe Propylene Glycol Monomethyl Ether Acetate (PMA) sales channel, distributors, customers, research findings and conclusion.