Versatile Solvent for Various Industrial Applications
Category: Chemicals & Materials Published Date : Feb-23 ID: CVC-94772 Format: PDF Pages: 275
According to a research survey conducted by ChemView Consulting, Propylene Glycol Methyl Ether Market is estimated to be worth US$ 7.65 Bn in 2023. The market is expected to grow at a CAGR of 5.60% between 2023 and 2033 to hit US$ 13.19 Bn by 2033 end.
As the demand for environmentally friendly products continues to rise, companies in the PGME market are shifting towards sustainable alternatives. End users can take action by transitioning to PGME variants that are derived from renewable resources, have lower toxicity levels, and have a smaller environmental footprint. This not only aligns with the global push towards sustainable development, but also ensures that your business remains competitive and meets evolving customer expectations.
As advancements in technology and chemistry continue to be made, the PGME market is experiencing a shift towards more efficient and cost-effective production methods. End users can stay ahead of the competition by adopting these innovative techniques, such as continuous processing and bio-based manufacturing, which can increase productivity, reduce waste, and lower costs. This can ultimately result in higher profit margins, improved product quality, and a stronger market position.
The global demand for low-VOC (volatile organic compound) paints and coatings is increasing, driven by the need for environmentally friendly products. Propylene glycol methyl ether is a key component in the manufacture of low-VOC paints and coatings, as it has low toxicity and excellent solubility. As the demand for low-VOC paints and coatings grows, the demand for propylene glycol methyl ether is expected to increase significantly.
Propylene glycol methyl ether is also used in the personal care and cosmetics industry as a solvent and fragrance ingredient. With the growing demand for personal care and cosmetics products, the demand for propylene glycol methyl ether is expected to increase. The use of propylene glycol methyl ether in personal care and cosmetics products is driven by its excellent solubility, low toxicity, and low evaporation rate, which make it an ideal ingredient in these products. As the demand for personal care and cosmetics products continues to grow, the demand for propylene glycol methyl ether is expected to grow as well.
After conducting a thorough analysis of the Propylene Glycol Methyl Ether Market, we have identified the top three trending segments in the industry. These segments are experiencing high demand, strong market growth, and widespread adoption.
Propylene Glycol Mono Methyl Ether (PM) has emerged as the most popular choice in the Propylene Glycol Methyl Ether Market for Solvent Application. PM is a versatile and cost-effective solvent that can be used in various applications, such as coatings, cleaning agents, and inks. The excellent solvency power and low toxicity of PM make it the preferred choice for consumers seeking efficient and eco-friendly solvent solutions.
Dipropylene Glycol Mono Methyl Ether (DPM) is the most selling product in the Propylene Glycol Methyl Ether Market for Chemical Intermediate Application. DPM is a valuable intermediate in the production of various chemicals, such as acrylics, esters, and solvents. The high reactivity and low volatility of DPM make it the go to choice for consumers seeking reliable and effective solutions in the chemical industry.
Tripropylene Glycol Mono Methyl Ether (TPM) is gaining significant traction in the Propylene Glycol Methyl Ether Market for TFT-LCD Manufacturing Application. TPM is a high purity solvent that is extensively used in the manufacturing of Thin Film Transistor Liquid Crystal Display (TFT-LCD) panels. The high solvency power and low moisture content of TPM make it the trending choice for consumers seeking high-quality and efficient solutions in the electronics industry.
The propylene glycol methyl ether market in North America is being driven by a growing demand for environmentally-friendly products. Propylene glycol methyl ether is a solvent used in a variety of applications, including coatings, inks, and cleaning products. As consumers become increasingly aware of the environmental impact of the products they use, demand for more sustainable alternatives is growing. Propylene glycol methyl ether offers several advantages in this regard, including low toxicity, low volatility, and biodegradability.
The construction industry in the Asia Pacific is experiencing unprecedented growth, driven by rapid urbanization and rising population. Propylene glycol methyl ether is a key ingredient in construction-related products such as coatings, adhesives, and sealants. The increasing demand for these products in the region is expected to drive the growth of the propylene glycol methyl ether market in the Asia Pacific.
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Research Scope/Taxonomy
Market Analysis by Product Type:
Market Analysis by Application:
Key Companies Profiled
1.1. Global Market Snapshot
1.2. Key Success Factors
1.3. Strategic Analysis and Recommendations
2.1. Market Taxonomy
2.2. Market Definitions
3.1. Preliminary Investigation & Research Design
3.2. Secondary Research & Primary Research
3.3. Data Analysis & Econometric Modelling
3.4. Expert Data Validation
4.1. Supply-Side Trends
4.2. Demand-Side Trends
5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032
5.2. Incremental $ Opportunity Index, 2022-2032
5.3. Global Market Volume (Tons) Analysis, 2017 – 2032
6.1. Regional Level Pricing Analysis and Forecast
6.1.1. Manufacturers Level Pricing
6.1.2. Distributor Level Pricing
6.2. Global Pricing Analysis Benchmark
6.3. Cost Breakdown Analysis
7.1. Cross Analysis of Product Form W.R.T. Application
8.1. Regional Supply Vs. Demand Gap Assessment
8.2. Top Producing Countries Analysis
9.1. Macroeconomic Factors
9.2. Forecast Factors
9.3. Market Dynamics
9.3.1. Driver
9.3.2. Restraint
9.3.3. Opportunity
9.4. Supply Chain Analysis
9.4.1. List Raw Material Suppliers
9.4.2. List of Manufacturers
9.4.3. List of Distributors
9.4.4. List of End-Users
9.4.5. End-Users Consumption Analysis
9.4.6. Average Profitability Margin Analysis
9.5. Covid-19 Impact Assessment
9.5.1. Economy/Cluster Projections
9.5.2. Covid-19 Economic Assessment
9.5.3. Impact on Target Market
9.5.4. Recovery Scenario
9.6. Regulatory Framework
9.6.1. Regulations of Key Countries
9.6.2. Potential Impact of Regulations
9.7. Porter’s Five Forces Analysis
9.8. Technology Landscape
10.1. Introduction
10.2. Key Market Trends
10.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Product Type [Value (US$ Mn) and Volume (Tons) Analysis]
10.3.1. PM (Propylene Glycol Mono Methyl Ether)
10.3.2. DPM (Dipropylene Glycol Mono Methyl Ether)
10.3.3. TPM (Tripropylene Glycol Mono Methyl Ether)
10.4. Market Attractiveness Analysis by Product Type
11.1. Introduction
11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Application [Value (US$ Mn) and Volume (Tons) Analysis]
11.2.1. Chemical intermediate
11.2.2. Solvent
11.2.3. Coalescing agent
11.2.4. Coatings
11.2.5. Electronics
11.2.6. TFT-LCD Manufacturing
11.2.7. Semiconductor
11.2.8. Others
11.3. Market Attractiveness Analysis by Application
12.1. Introduction
12.2. Key Market Trends
12.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. Asia-Pacific
12.3.5. Middle East
12.3.6. Africa
12.4. Market Attractiveness Analysis by Region
13.1. Introduction
13.2. Key Market Trends
13.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
13.3.1. By Country
13.3.1.1. U.S.
13.3.1.2. Canada
13.3.2. By Product Type
13.3.3. By Application
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Product Type
13.4.3. By Application
14.1. Introduction
14.2. Key Market Trends
14.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
14.3.1. By Country
14.3.1.1. Brazil
14.3.1.2. Mexico
14.3.1.3. Rest of Latin America
14.3.2. By Product Type
14.3.3. By Application
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Product Type
14.4.3. By Application
15.1. Introduction
15.2. Key Market Trends
15.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
15.3.1. By Country
15.3.1.1. Germany
15.3.1.2. Italy
15.3.1.3. France
15.3.1.4. UK
15.3.1.5. Spain
15.3.1.6. Netherlands
15.3.1.7. Norway
15.3.1.8. Russia
15.3.1.9. Rest of Europe
15.3.2. By Product Type
15.3.3. By Application
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Product Type
15.4.3. By Application
16.1. Introduction
16.2. Key Market Trends
16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
16.3.1. By Country
16.3.1.1. China
16.3.1.2. Japan
16.3.1.3. South Korea
16.3.1.4. India
16.3.1.5. Indonesia
16.3.1.6. Thailand
16.3.1.7. Vietnam
16.3.1.8. Australia & New Zealand
16.3.1.9. Rest of Asia-Pacific
16.3.2. By Product Type
16.3.3. By Application
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Product Type
16.4.3. By Application
17.1. Introduction
17.2. Key Market Trends
17.3. Pricing Analysis
17.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
17.4.1. By Country
17.4.1.1. Saudi Arabia
17.4.1.2. Turkey
17.4.1.3. U.A.E.
17.4.1.4. Rest of the Middle East
17.4.2. By Product Type
17.4.3. By Application
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Product Type
17.5.3. By Application
18.1. Introduction
18.2. Key Market Trends
18.3. Pricing Analysis
18.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
18.4.1. By Country
18.4.1.1. South Africa
18.4.1.2. Nigeria
18.4.1.3. Egypt
18.4.1.4. Rest of Africa
18.4.2. By Product Type
18.4.3. By Application
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Product Type
18.5.3. By Application
19.1. Tier Structure Breakdown
19.2. Market Share Analysis
19.3. Product Type Capacity Analysis
19.4. Company Footprint Analysis
19.4.1. Product Footprint of Players
19.4.2. Regional Footprint of Players
19.4.3. Channel Footprint of Players
19.5. Brand Preference Analysis
19.6. Competition Dashboard
20.1. BASF SE.
20.1.1. Company Overview
20.1.2. Product & Financial Portfolio
20.1.3. Manufacturing Facilities
20.1.4. Recent Developments
20.1.5. SWOT Analysis
20.1.6. Strategy Overview
20.2. Eastman Chemical Company
20.3. Royal Dutch Shell plc
20.4. LyondellBasell Industries N.V.
20.5. DowDuPont Inc.
20.6. Manali Petrochemicals Limited
20.7. Jiangsu Dynamic Chemical Co., Ltd.
20.8. Jiangsu Ruijia New Material Co., Ltd.
20.9. Jiangsu Hualun Chemical Industry Co., Ltd.
20.10. Chang Chun Group