99% Above Propylene Glycol Monomethyl Ether Acetate (PGMEA/PMA) Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 6.7% from 2024 to 2030.
The 99% Above Propylene Glycol Monomethyl Ether Acetate (PGMEA/PMA) market is a critical segment in various industries due to its excellent solvency and stability properties. PGMEA is primarily utilized as a solvent in several industrial applications, particularly in the semiconductor and display industries. In the semiconductor industry, it is used to dissolve photoresists in the photolithography process, which is integral to semiconductor chip manufacturing. Its ability to dissolve a wide range of resins while maintaining high purity is what makes PGMEA an essential chemical for precision work in these fields. With an increasing demand for more advanced chips and electronics, PGMEA plays a vital role in supporting the high-tech sector.
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In the display industry, PGMEA is used for cleaning and removing residues from the surfaces of displays, ensuring higher clarity and precision in the final product. The global shift toward higher-quality displays, such as OLEDs and high-definition screens, further drives the demand for PGMEA. It helps ensure the efficiency of manufacturing processes in the display industry, enabling manufacturers to meet the growing need for advanced technology in consumer electronics. Additionally, PGMEA’s role in cleaning equipment in the production of displays adds to its widespread application in the global market, especially as display technologies continue to evolve.
The semiconductor sector is one of the largest consumers of PGMEA, where it is primarily used in photoresist processing, cleaning, and surface preparation. The rapid advancements in semiconductor technologies, including smaller and more powerful chips, fuel demand for PGMEA as a solvent in photolithography processes. PGMEA offers high compatibility with other solvents used in semiconductor manufacturing, ensuring the precision and integrity required for advanced electronic devices. As demand for semiconductors increases with the rise of artificial intelligence, the Internet of Things (IoT), and 5G technologies, PGMEA’s role is expected to remain crucial in this segment.
Moreover, as semiconductor manufacturers adopt new and innovative production methods, PGMEA’s ability to maintain performance under high-demand conditions makes it an indispensable material. This sector continues to expand, and with it, the demand for PGMEA in photolithography and other critical processes will continue to rise, making it an essential component in the semiconductor supply chain.
In the display industry, PGMEA is widely used for cleaning and improving the quality of both organic and inorganic surfaces during the production of displays. This sector includes the manufacture of LCD, OLED, and touch screen panels, where PGMEA ensures the removal of contaminants and helps enhance the clarity of display panels. As the demand for high-definition screens and innovative display technologies increases, PGMEA’s application becomes more critical. It serves to optimize the performance of the final product by cleaning the substrates and enhancing manufacturing efficiency.
Furthermore, PGMEA’s role in ensuring a clean surface for coating processes and its ability to meet the rigorous demands of high-resolution display technologies make it an essential solvent in display manufacturing. With the continuous evolution of display technologies, including flexible and transparent displays, PGMEA will remain a key player in the industry’s supply chain, meeting the growing demands for high-quality and cutting-edge display products.
Apart from its applications in semiconductors and displays, PGMEA finds utility in a variety of other industries, such as coatings, paints, and inks. It is often used as a solvent in formulations for cleaning, degreasing, and in applications that require high purity solvents. The versatility of PGMEA in dissolving a wide range of resins and its stability in various conditions make it an ideal chemical for such uses. Furthermore, PGMEA is employed in industries like automotive, aerospace, and pharmaceutical manufacturing, where it supports processes requiring precise solvent applications for cleaning and formulation.
As these sectors continue to demand higher-quality products, PGMEA’s role in providing a reliable and stable solvent for diverse applications will remain important. The increasing need for eco-friendly solvents and the push for greater industrial efficiency will further drive PGMEA’s presence in non-semiconductor and non-display sectors, opening new opportunities for its adoption across other industries.
Several key trends are influencing the growth of the 99% Above Propylene Glycol Monomethyl Ether Acetate (PGMEA) market. The first is the increasing demand for high-quality semiconductors and advanced display technologies, which require highly purified solvents like PGMEA for precision in manufacturing processes. As consumer electronics become more sophisticated, the semiconductor industry’s need for PGMEA will continue to rise, supporting further technological advancements such as AI and IoT devices. Additionally, the shift towards more eco-friendly and sustainable chemical solutions is driving the demand for PGMEA that can meet environmental standards while maintaining its high-performance characteristics.
Another significant trend is the growing adoption of PGMEA in non-traditional applications. As industries outside of semiconductors and displays recognize the benefits of PGMEA in processes such as coating, cleaning, and degreasing, its market potential is expanding. With ongoing industrial advancements and the need for more versatile solvents, PGMEA’s future in diverse industries is poised for growth. The increasing awareness of its advantages in high-tech and industrial sectors ensures that PGMEA will continue to be in demand across multiple market segments.
The PGMEA market presents numerous opportunities, particularly in sectors where technological advancements are creating new needs for solvents. As the electronics industry continues to grow, PGMEA’s critical role in semiconductor manufacturing ensures it remains indispensable. Moreover, the rising demand for cleaner, high-resolution displays and more advanced technologies in consumer electronics further propels PGMEA’s market. Opportunities also exist in industries such as coatings and pharmaceuticals, where PGMEA’s versatile solvent properties can provide solutions for manufacturing and formulation processes.
Additionally, as global industries push towards greater sustainability, there is an opportunity for PGMEA manufacturers to develop more eco-friendly formulations, catering to the growing demand for greener solvents. This market shift toward sustainability provides PGMEA producers with the chance to align their offerings with evolving consumer and regulatory expectations, creating new avenues for growth in the years to come.
What is PGMEA and what are its primary uses?
PGMEA, or Propylene Glycol Monomethyl Ether Acetate, is a solvent commonly used in semiconductor, display, and coating industries for cleaning, dissolving resins, and preparing surfaces.
Why is PGMEA important in the semiconductor industry?
PGMEA is used to dissolve photoresists in semiconductor manufacturing, ensuring precision in photolithography processes required for advanced chip production.
How does PGMEA benefit the display manufacturing industry?
PGMEA helps in cleaning surfaces and removing contaminants from display panels, ensuring higher quality and clarity for products like OLED and LCD screens.
What are the advantages of using PGMEA in industrial applications?
PGMEA offers excellent solvency properties and stability, making it ideal for use in cleaning, coatings, and surface preparation in various industrial applications.
Can PGMEA be used in eco-friendly applications?
Yes, PGMEA can be formulated in environmentally friendly ways to meet sustainability standards while maintaining its high-performance capabilities.
What is driving the demand for PGMEA in the semiconductor market?
The increasing demand for more advanced semiconductor devices, such as AI chips and 5G technologies, is a major driver for PGMEA usage in photolithography and cleaning processes.
How does PGMEA affect the quality of display products?
PGMEA ensures that displays have clean, residue-free surfaces, which enhances the quality and resolution of products like OLED and touch screens.
What are the key trends in the PGMEA market?
Key trends include the growth in semiconductor and display technologies, the push for sustainable solvents, and the expanding use of PGMEA in non-traditional industries like coatings.
Is PGMEA used in the pharmaceutical industry?
Yes, PGMEA is utilized in the pharmaceutical industry for its solvent properties in formulation and cleaning processes, though its use is relatively niche compared to other sectors.
What are the future prospects for PGMEA in the market?
The future of PGMEA is promising, with increasing demand in semiconductor, display, and coating applications, as well as growth opportunities in eco-friendly and industrial sectors.
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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 Global 99% Above Propylene Glycol Monomethyl Ether Acetate (PGMEA/PMA) Market
Semiconductors
Displays
Others
Based on Types the Market is categorized into Below types that held the largest 99% Above Propylene Glycol Monomethyl Ether Acetate (PGMEA/PMA) market share In 2023.
Purity (GC) %≥ 99.5%
Purity (GC) %≥ 99.9%
Global (United States, Global 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)
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1. Introduction of the Global 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. Global 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. Global 99% Above Propylene Glycol Monomethyl Ether Acetate (PGMEA/PMA) Market, By Type
6. Global 99% Above Propylene Glycol Monomethyl Ether Acetate (PGMEA/PMA) Market, By Application
7. Global 99% Above Propylene Glycol Monomethyl Ether Acetate (PGMEA/PMA) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global 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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