Propylene Glycol Methyl Ether Acetate (PGMEA) Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 1.9 Billion by 2033, exhibiting a CAGR of 6.5% from 2026 to 2033.
South Korea's Propylene Glycol Methyl Ether Acetate (PGMEA) market has seen significant growth over the years due to its increasing demand from various industries, including electronics, paints, and coatings. PGMEA is a versatile solvent that is used in a wide array of applications, making it a critical component in industrial production. This article explores the types of PGMEA available in the market and the growing requirement for PGMEA in different sectors.
The Propylene Glycol Methyl Ether Acetate (PGMEA) market in South Korea is primarily driven by the electronics and semiconductor industries, where it is utilized as a cleaning agent for delicate components and circuits. PGMEA’s ability to effectively dissolve resins and other substances makes it indispensable in these sectors, which are pivotal to South Korea's economy. With the continuous advancement in technology and the rising demand for electronic devices, the market for PGMEA is expected to maintain its upward trajectory in the coming years.
In addition to electronics, PGMEA is also in high demand from the paints and coatings industry. Its low evaporation rate and effective solvent properties make it a preferred choice for formulating high-quality paints, coatings, and varnishes. The automotive and construction sectors rely heavily on PGMEA for surface preparation, making it a staple in the production of durable, high-performance coatings.
Another key driver of PGMEA’s demand in South Korea is the growing focus on environmental sustainability. As regulations become more stringent regarding volatile organic compound (VOC) emissions, industries are increasingly turning to PGMEA as a safer and more eco-friendly alternative to traditional solvents. PGMEA’s lower toxicity and reduced environmental impact make it a favorable choice for companies looking to comply with new environmental standards.
The requirement for PGMEA is not limited to South Korea alone. As the demand for advanced manufacturing techniques and clean technologies grows globally, the Propylene Glycol Methyl Ether Acetate (PGMEA) market is expanding to meet the needs of industries in various countries. As a result, the South Korean market for PGMEA is expected to benefit from this global shift toward cleaner, more efficient industrial processes.
Get an In-Depth Research Analysis of the South Korea Propylene Glycol Methyl Ether Acetate (PGMEA) Market Size And Forecast [2025-2032]
Dow
Shell Chemicals
LyondellBasell
Eastman Chemical
KH Neochem Co.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the South Korea Propylene Glycol Methyl Ether Acetate (PGMEA) Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Propylene Glycol Methyl Ether Acetate (PGMEA) Market
Coatings
Inks
Adhesives
Cleaners
Personal Care Products
Aerospace
Automotive
Electronics
Construction
Pharmaceuticals
Solvent-Based Formulations
Water-Based Formulations
Powder-Based Formulations
Direct Sales
Distributors and Dealers
Online Retail
Liquid PGMEA
Solid PGMEA
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea Propylene Glycol Methyl Ether Acetate (PGMEA) Market Research Analysis
1. Introduction of the South Korea Propylene Glycol Methyl Ether Acetate (PGMEA) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Propylene Glycol Methyl Ether Acetate (PGMEA) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Propylene Glycol Methyl Ether Acetate (PGMEA) Market, By Type
6. South Korea Propylene Glycol Methyl Ether Acetate (PGMEA) Market, By Application
7. South Korea Propylene Glycol Methyl Ether Acetate (PGMEA) Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Propylene Glycol Methyl Ether Acetate (PGMEA) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/