Global Propylene Glycol Monomethyl Ether Acetate (PMA) Market Growth 2025-2031

The global Propylene Glycol Monomethyl Ether Acetate (PMA) market size is predicted to grow from US$ 760 million in 2025 to US$ 967 million in 2031; it is expected to grow at a CAGR of 4.1% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Propylene Glycol Monomethyl Ether Acetate (PMA) Industry Forecast” looks at past sales and reviews total world Propylene Glycol Monomethyl Ether Acetate (PMA) sales in 2024, providing a comprehensive analysis by region and market sector of projected Propylene Glycol Monomethyl Ether Acetate (PMA) sales for 2025 through 2031. With Propylene Glycol Monomethyl Ether Acetate (PMA) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Propylene Glycol Monomethyl Ether Acetate (PMA) industry.

This Insight Report provides a comprehensive analysis of the global Propylene Glycol Monomethyl Ether Acetate (PMA) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Propylene Glycol Monomethyl Ether Acetate (PMA) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Propylene Glycol Monomethyl Ether Acetate (PMA) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Propylene Glycol Monomethyl Ether Acetate (PMA) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Propylene Glycol Monomethyl Ether Acetate (PMA).

This report presents a comprehensive overview, market shares, and growth opportunities of Propylene Glycol Monomethyl Ether Acetate (PMA) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

Industrial Grade

Electronic Grade

Segmentation by Application:

Coatings and Inks

Electronics

Cleaners

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Propylene Glycol Monomethyl Ether Acetate (PMA) market?

What factors are driving Propylene Glycol Monomethyl Ether Acetate (PMA) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Propylene Glycol Monomethyl Ether Acetate (PMA) market opportunities vary by end market size?

How does Propylene Glycol Monomethyl Ether Acetate (PMA) break out by Type, by Application?

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