This report studies the Methyl Acetate market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Propylene glycol monomethyl ether acetate (PGMEA/PMA), also known as propylene glycol methyl ether acetate, is a colorless hygroscopic liquid with a special odor. It is a non-polluting solvent with multi-functional groups. Its molecular formula is C6H12O3. It is mainly used as a solvent for printing ink, paint, textile dyes, and textile oil. The electronic grade, which is further purified, can be used as the photoresist solvent and cleaning agent in the production of semiconductor and liquid crystal displays. PGMEA/PMA is flammable, and when the temperature is above 42°C, it may form explosive vapor/air mixture.
Propylene Glycol Methyl Ether Acetate (PGMEA) for Electronic Materials production market is relatively concentrated. Europe is the Major Production area as well as the leading consumption market. However, small players in other areas like China and Japan are growing fast in recent years, and they are seeing to keep the growing trend in the next forecast decade.
Global total consumption volume has reached 43.2 K MT in 2016, with CAGR of 9.42% in 2012-2017, market revenue was forecasted to reach 163.97 Million USD in 2022, with CAGR of 7.76% in 2012-2022. Europe, USA, Korea and Taiwan are the biggest consumption areas, Europe dominated over 30% of total electronic grade propylene glycol methyl ether acetate market.
3. Raw material cost is the biggest cost section for electronic grade propylene glycol methyl ether acetate manufacturing. Propylene glycol methyl ether (PM solvent), the main direct upstream material, are mostly supplied by PGMEA producer themselves. Dow, Shell Chemicals, LyondellBasell and Eastman Chemical are the leading players in global market, Dynamic Tianyin, Jiangsu Hualun, Baichuan Stock, Yida and Ruijia Chemistry are key players in China production market.
Price of Propylene Glycol Methyl Ether Acetate (PGMEA) for Electronic Materials fluctuated obviously in 2013-2016, due to the upward trend of PM solvent, the PGMEA price is forecasted to keep a growing trend in next few years.
The end-use market for electronic grade propylene glycol methyl ether acetate is huge, manufacturing process and technologies are still improving. We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve.
On the whole market overview, this is a market with intense competition and lots of customers， small players without enough financial and technology support should take cautious entering this market.
The global Methyl Acetate market was 110 million US$ in 2017 and is expected to 190 million US$ by the end of 2025, growing at a CAGR of 8.1% between 2018 and 2025.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Methyl Acetate in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
KH Neochem Co., Ltd
Shinko Organic Chemical
By the product type, the market is primarily split into
By the end users/application, this report covers the following segments
We can also provide the customized separate regional or country-level reports, for the following regions:
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of Central & South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives of this report are:
To study and analyze the global Methyl Acetate market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025.
To understand the structure of Methyl Acetate market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Methyl Acetate manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Methyl Acetate with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Methyl Acetate submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Methyl Acetate are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
This report includes the estimation of market size for value (million USD) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Methyl Acetate market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Raw material suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Methyl Acetate market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.