The Market Reports

Synopsis
The global market for High Purity PGME and PGMEA was estimated to be worth US$ 649 million in 2024 and is forecast to a readjusted size of US$ 1158 million by 2031 with a CAGR of 9.1% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on High Purity PGME and PGMEA cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
High-purity PGME (Propylene Glycol Methyl Ether) and PGMEA (Propylene Glycol Methyl Ether Acetate) are key high-purity solvents in the semiconductor and electronics manufacturing fields. PGME (C₄H₁₀O₂) is mainly used as a photoresist diluent and cleaning agent. When its purity is ≥99%, it has excellent chemical stability and low metal ion residue characteristics. PGMEA (C₆H₁₂O₃) has a balance of solubility and volatility in photoresist formulas due to the presence of acetyl groups in its molecular structure. It is the core solvent of the current semiconductor photolithography process. The purity standard usually requires ≥99.9% to eliminate interference from micro-pollutants. Both directly affect the resolution and yield of photolithography patterns in chip manufacturing.
Globally, the main demand markets for high-purity PGME and PGMEA are concentrated in Asia, North America and Europe. The electronic manufacturing industry in these regions is highly developed, especially in the fields of semiconductors, displays, etc., and the demand for high-purity solvents is particularly strong. Asia is the world's largest market for high-purity PGME and PGMEA, especially China, South Korea, Japan and Taiwan, which are home to the world's major semiconductor and display manufacturers. Semiconductor giants such as Samsung and SK Hynix in South Korea and TSMC in Taiwan have a strong demand for photolithography solvents. In addition, Japan's leading position in high-end materials and precision manufacturing also makes it have a huge demand for high-purity solvents. The North American market is dominated by the United States, with world-leading semiconductor manufacturers such as Intel and Texas Instruments. As chip process nodes advance to 7nm, 5nm and even smaller nodes, the purity and performance requirements for high-purity solvents continue to increase, driving the demand for PGME and PGMEA in the US market.
As one of the global centers of electronic manufacturing, China's semiconductor and display industries have risen rapidly in recent years, greatly driving the market demand for high-purity PGME and PGMEA. The Chinese government strongly supports the localization and independent innovation of the semiconductor industry. The rapid development of local semiconductor companies such as SMIC has driven the demand for high-purity photolithography solvents. In addition, the display industry is also an important market in China. The production of OLED and LCD displays requires a large amount of high-purity PGMEA, which further promotes the expansion of the solvent market.
Looking ahead, the development of the high-purity PGME and PGMEA market will be mainly driven by the global semiconductor and display industries. With the continuous reduction of semiconductor manufacturing process nodes, especially driven by 5nm, 3nm and even more advanced processes, the market demand for high-purity photolithography solvents will continue to increase. At the same time, the development of new display technologies such as OLED and MicroLED will further expand the market application scope of PGMEA. In China, as the process of independence of the semiconductor industry accelerates, the local demand for high-purity solvents will continue to grow.
This report aims to provide a comprehensive presentation of the global market for High Purity PGME and PGMEA, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of High Purity PGME and PGMEA by region & country, by Type, and by Application.
The High Purity PGME and PGMEA market size, estimations, and forecasts are provided in terms of sales volume (Kilotons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding High Purity PGME and PGMEA.
Market Segmentation
By Company
Daicel
Dow Inc
KH Neochem
Eastman
Shiny Chemical Industrial
Chemtronics
Jiangsu Dynamic Chemical
Chang Chun Group
Yida Chemical
Jiangsu Hualun
Segment by Type
PGME
PGMEA
Segment by Application
Semiconductors
Flat Panel Display (FPD)
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of High Purity PGME and PGMEA manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of High Purity PGME and PGMEA in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of High Purity PGME and PGMEA in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index