Propylene Glycol Methyl Ether Market Analysis and Opportunity Assessment 2018 – 2028

The physico-chemical properties of Propylene glycol methyl ether such as excellent solvent activity, high dilution ratio, medium evaporation rate, and readily biodegradable nature, among other owing to which it appears as suitable alternative for petroleum based solvents. Thereby, it leads to increase in demand for Propylene glycol methyl ether in several industries such as chemical, automotive and paint & coating is increased in order to support sustainability development

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Regional Outlook:

Over the recent past, there has been a significant growth in demand for the propylene glycol methyl ether in developed region especially in EU-5 Countries. In terms of production and consumption, Europe accounts significant share of the global market. This is mainly attributed to raising demand for ecofriendly and bio-based chemicals from several end use industries coupled with stringent government regulation and policies in Europe to promote sustainability development.

Moreover, Europe followed by North America, dominates the global propylene glycol methyl ether market and are expected to register steady growth over the forecast period. Moreover, in Asia pacific region, manufacturers are focusing on expansion of production facility in order to cater raising demand for propylene glycol methyl etherand to enhance their footprint in the global market.

In terms of production capacity and consumption, China is expected to dominate the global market by the end of initial phase of forecast period. Moreover, China, Taiwan and South Korea are expected to dominate the APAC propylene glycol methyl ethermarket owing to significant demand from electronic and semiconductor industry in these countries. It is expected that China propylene glycol methyl ether market will register healthy growth over the forecast period. Further, Latin America and Middle East & Africa are expected to register steady growth over the forecast period.

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Key Player:

Some of the key player identified across the value chain of Propylene Glycol Methyl Ether market are;

• BASF SE
• Eastman Chemical Company
• Royal Dutch Shell plc
• LyondellBasell Industries N.V.
• DowDuPont Inc.
• Manali Petrochemicals Limited
• Jiangsu Dynamic Chemical Co., Ltd.
• Jiangsu Ruijia New Material Co., Ltd.
• Jiangsu Hualun Chemical Industry Co., Ltd.
• Chang Chun Group, among others

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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Propylene Glycol Methyl Ether Market Segmentation:

Based on product type, global Propylene Glycol Methyl Ether market is segmented into;

• PM (Propylene Glycol Mono Methyl Ether)
• DPM (Dipropylene Glycol Mono Methyl Ether)
• TPM (Tripropylene Glycol Mono Methyl Ether)

Based on application, global Propylene Glycol Methyl Ether market is segmented into;

• Chemical intermediate
• Solvent
• Coalescing agent
• Coatings
• Electronics
• TFT-LCD Manufacturing
• Semiconductor
• Others