Global Propylene Glycol Monomethyl Ether Acetate (PMA) Market Size By Product, By Application, By Geographic Scope And Forecast

Propylene Glycol Monomethyl Ether Acetate (PMA) Market Size And Forecast

Propylene Glycol Monomethyl Ether Acetate (PMA) Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 2.15 Billion by 2031, growing at a CAGR of 7.9% from 2024 to 2031.

The Global Propylene Glycol Monomethyl Ether Acetate (PMA) Market report provides a holistic evaluation of the market. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Propylene Glycol Monomethyl Ether Acetate (PMA) Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

What is Propylene Glycol Monomethyl Ether Acetate (PMA)?

The Propylene glycol monomethyl ether acetate (PGMEA/PMA), also known as propylene glycol methyl ether acetate, is a colorless hygroscopic liquid with a special odor. It is a non-polluting solvent with multi-functional groups. Its molecular formula is C6H12O3. It is used in the positive photoresist formulation. Its solvency characteristics generally match with chlorinated solvents which are more closely to glycol ethers and alcohols. It is widely used as a solvent for printing ink, paint, textile dyes, and textile oil. The electronic grade, which is further purified, can be used as the photoresist solvent and cleaning agent in the production of semiconductor and liquid crystal displays. PMA is flammable, and when the temperature is above 42°C, it may form an explosive vapor mixture.

Global Propylene Glycol Monomethyl Ether Acetate (PMA) Market Outlook

In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

The rising consumption of Propylene Glycol Monomethyl Ether Acetate in the textile industry is the major key factor for market growth. In addition, increasing demand for PMA by the automotive industry for the use of coating and paints is the other reason that propels the market growth. Furthermore, glycol ether PMA electronic has replaced EEA in photoresist formulations used in semiconductor processing and contributes to propel the market growth. However, eye contact with PMA may cause level of irritation to eye tissues which results in health concerns may expected to hamper the growth of the market.

Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Propylene Glycol Monomethyl Ether Acetate (PMA) Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.

Global Propylene Glycol Monomethyl Ether Acetate (PMA) Market Competitive Landscape

The “Global Propylene Glycol Monomethyl Ether Acetate (PMA) Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Yancheng Super Chemical, Chang Chun Group, Wuxi Baichuan Chemical, Eastman Chemical, Shiny Chemical, Jiangsu Dynamic Chemical, Shinko Organic Chemical, Jiangsu Hualun Chemical, Shell Chemicals, and Jiangsu RuiJia Chemistry.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Global Propylene Glycol Monomethyl Ether Acetate (PMA) Market Segmentation Analysis

The Global Propylene Glycol Monomethyl Ether Acetate (PMA) Market is Segmented into Product, Application And Geography.

Propylene Glycol Monomethyl Ether Acetate (PMA) Market, By Product

• PMA above 99.5%• PMA above 99.9%• Others

Propylene Glycol Monomethyl Ether Acetate (PMA) Market, By Application

• Process Solvents• Electronic Chemicals• Others

Propylene Glycol Monomethyl Ether Acetate (PMA) Market Geographic Scope

• North Americao U.S.o Canadao Mexico• Europeo Germanyo UKo Franceo Rest of Europe• Asia Pacifico Chinao Japano Indiao Rest of Asia Pacific• Rest of the World

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• 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 with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of 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

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