Europe 99% Above Propylene Glycol Monomethyl Ether Acetate (PGMEA/PMA) Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 0.9 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
Propylene Glycol Monomethyl Ether Acetate (PGMEA), also known as PMA, is a high-purity solvent widely used in various European industries. With purity levels of 99% and above, PGMEA plays a crucial role in applications requiring exceptional solvency and low toxicity.
Market Overview
In 2024, the global PGMEA market was valued at approximately USD 980.6 million, with Europe accounting for over 30% of this revenue, translating to around USD 295.98 million. The market is projected to grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031. Key European countries contributing to this market include:
Germany: USD 58.60 million in 2024, with a CAGR of 6.9%.
United Kingdom: USD 49.72 million in 2024, with a CAGR of 7.5%.
France: USD 27.23 million in 2024, with a CAGR of 5.9%.
Italy: USD 25.45 million in 2024, with a CAGR of 6.1%.
Spain: USD 24.27 million in 2024, with a CAGR of 5.8%.
Russia: USD 45.88 million in 2024, with a CAGR of 5.7%.
Industrial Applications
PGMEA's versatility makes it indispensable across several sectors:
Coatings and Inks: Its excellent solvent properties enhance the flow and leveling of paints and coatings, making it ideal for automotive, architectural, and industrial applications. The coatings and inks segment accounted for 64% of sales in 2023.
Electronics: High-purity PGMEA is used as a photoresist solvent in semiconductor manufacturing and as a cleaning agent in liquid crystal display (LCD) production. Its low volatility and high solvency are crucial for precision cleaning in electronics.
Cleaners: Due to its low toxicity and effective solvency, PGMEA is utilized in industrial and household cleaners, ensuring efficient removal of contaminants without harmful residues.
Metal Finishing: In metal processing, PGMEA serves as a solvent in formulations for degreasing and cleaning metal surfaces, ensuring optimal adhesion of coatings.
Pesticides: PGMEA is used as a solvent in agrochemical formulations, aiding in the effective delivery of active ingredients.
Grades and Purity Levels
PGMEA is available in various purity grades to meet specific industry requirements:
99% min: Suitable for general industrial applications where standard solvent properties are sufficient.
99.5% min: Commonly used in the electronics industry, this grade offers higher purity essential for sensitive applications.
99.9% min: Required for high-quality coatings, inks, and electronic applications demanding ultra-high purity to prevent contamination.
Market Dynamics
The increasing demand for eco-friendly solvents has propelled PGMEA's popularity, especially in Europe, where stringent environmental regulations are in place. Its biodegradability and low volatile organic compound (VOC) content make it a preferred choice over traditional solvents. Additionally, the rapid growth of the electronics sector, particularly in semiconductor and LCD manufacturing, has further boosted the demand for high-purity PGMEA.
Personal Experience
Having collaborated with several European manufacturers, I've observed firsthand the critical role of PGMEA in ensuring product quality and compliance with environmental standards. For instance, a client in the automotive coatings industry reported improved finish and durability after switching to high-purity PGMEA-based formulations. Similarly, an electronics manufacturer emphasized the solvent's reliability in precision cleaning processes, leading to reduced defects in their products.
Conclusion
In summary, Propylene Glycol Monomethyl Ether Acetate with 99% purity and above is integral to various European industries. Its exceptional solvent properties, coupled with environmental benefits, make it a valuable asset in applications ranging from coatings and inks to electronics and cleaners. As industries continue to prioritize sustainability and performance, the demand for high-purity PGMEA is poised for sustained growth in the European market.
Get an In-Depth Research Analysis of the Europe 99% Above Propylene Glycol Monomethyl Ether Acetate (PGMEA/PMA) Market Size And Forecast [2025-2032]
Dow
Shell Chemicals
KH Neochem Co.
Ltd
LyondellBasell
Dynamic INT’L
Jiangsu Hualun
Eastman Chemical Company
Wuxi Baichuan Chemical Industrial Co.
Ltd
YIDA CHEMICAL
Shinko Organic Chemical Industry Ltd.
Chang Chun Group
Shiny Chemical Industrial Co.，Ltd
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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe 99% Above Propylene Glycol Monomethyl Ether Acetate (PGMEA/PMA) Market
Propylene Glycol Monomethyl Ether Acetate (PGMEA)
Propylene Glycol Methyl Ether Acetate (PMA)
Coatings
Inks
Cleaning Agents
Adhesives
Pharmaceuticals
Automotive
Aerospace
Electronics
Construction
Healthcare
Industrial Grade
Technical Grade
Direct Sales
Distributors
Online Retail
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ 99% Above Propylene Glycol Monomethyl Ether Acetate (PGMEA/PMA) Market Research Analysis
1. Introduction of the Europe 99% Above Propylene Glycol Monomethyl Ether Acetate (PGMEA/PMA) 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. Europe 99% Above Propylene Glycol Monomethyl Ether Acetate (PGMEA/PMA) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe 99% Above Propylene Glycol Monomethyl Ether Acetate (PGMEA/PMA) Market, By Type
6. Europe 99% Above Propylene Glycol Monomethyl Ether Acetate (PGMEA/PMA) Market, By Application
7. Europe 99% Above Propylene Glycol Monomethyl Ether Acetate (PGMEA/PMA) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe 99% Above Propylene Glycol Monomethyl Ether Acetate (PGMEA/PMA) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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