Propylene Glycol Monomethyl Ether Acetate (PMA) Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 5.1% from 2026 to 2033, reaching USD 1.8 Billion by 2033.
The South Korea Propylene Glycol Monomethyl Ether Acetate (PMA) market has been experiencing significant growth due to the increasing demand from various industries. This versatile solvent, also known for its excellent performance in coatings, paints, and cleaning products, plays a pivotal role in multiple industrial applications. Its effectiveness in improving the quality and performance of end products has made it a preferred choice in South Korea, where technological advancements are constantly driving the demand for high-quality chemicals.
One of the primary reasons for the growing consumption of Propylene Glycol Monomethyl Ether Acetate (PMA) is its crucial role in the paint and coating industries. The solvent is used to enhance the solubility of resins and improve the spreading characteristics of paints, ensuring smooth finishes and faster drying times. This demand is further fueled by the continuous development of the construction and automotive sectors, where coatings are essential for product durability and aesthetic appeal.
Additionally, PMA is widely used in the electronics industry, where its solvent properties are utilized in cleaning and degreasing electronic components. The electronics sector in South Korea is thriving, thanks to the nation's strong technological backbone, and the requirement for high-quality, efficient solvents has skyrocketed as a result.
In the cosmetics industry, Propylene Glycol Monomethyl Ether Acetate (PMA) is favored for its ability to dissolve various compounds, making it an ideal ingredient in products such as facial creams, lotions, and makeup removers. Its mild and non-irritating properties allow it to be safely used in personal care formulations, contributing to its growing demand in the South Korean market.
The rising demand for PMA from these diverse industries reflects the ongoing industrialization and technological advancements within South Korea. As industries evolve and their requirements for specialized chemicals increase, the South Korea Propylene Glycol Monomethyl Ether Acetate (PMA) market is poised for continued growth, offering significant potential for manufacturers and suppliers.
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Dow
Shell Chemicals
LyondellBasell
Eastman Chemical
KH Neochem
Shinko Organic Chemical
Jiangsu Dynamic Chemical
Jiangsu Hualun Chemical
Wuxi Baichuan Chemical
Chang Chun Group
Jiangsu Yida Chemical
Jiangsu RuiJia Chemistry
Shiny Chemical
Yancheng Super Chemical
HENAN PROSPER CHEMICALS
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 South Korea Propylene Glycol Monomethyl Ether Acetate (PMA) Market
Paints and Coatings
Industrial Cleaning
Electronics
Pharmaceuticals
Cosmetics
Automotive
Aerospace
Pharmaceuticals
Cosmetics & Personal Care
Food & Beverages
Technical Grade
Industrial Grade
High Purity
Standard Purity
Liquid
Solid
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea Propylene Glycol Monomethyl Ether Acetate (PMA) Market Research Analysis
1. Introduction of the South Korea Propylene Glycol Monomethyl Ether Acetate (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. South Korea Propylene Glycol Monomethyl Ether Acetate (PMA) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Propylene Glycol Monomethyl Ether Acetate (PMA) Market, By Type
6. South Korea Propylene Glycol Monomethyl Ether Acetate (PMA) Market, By Application
7. South Korea Propylene Glycol Monomethyl Ether Acetate (PMA) Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Propylene Glycol Monomethyl Ether Acetate (PMA) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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