The Global Propylene Glycol Methyl Ether Acetate Market is forecast to reach USD 646.2 Million by 2027, according to a new report by Reports and Data. The Propylene Glycol Methyl Ether Acetate is a colorless, flammable, water soluble industrial and commercial chemical and a p-type glycol alcohol with ether-like odor. Propylene glycol methyl ether acetate is mostly used in the manufacture of surface adherent applications and are also widely utilized as a direct or intermediate solvent chemical in the formulation of various chemical processing. Paints, inks, synthetic resin, varnishes, and surface adhesives are some of its chemical applications. The continuous expansion of the paint & coatings, varnishes, adherents, inks, acrylics, stains, toners, anti-freezers and electronic circuit boards & screens are expected to drive the demand throughout the forecast period. Direct & Intermediate solvent, chemical reagent, surface adherent, and other processing aids are some of its widely used end-usages. Growing demand for consumer electronics products are harnessing the growth of this market substantially.
Asia Pacific region is forecasted to grow the fastest with the highest growth rate of 6.5% in the period 2019 – 2027, owing to high market penetration in paints & coatings and electronics applications coupled with the extensive demand for the automotive paints, especially in regions like India and China.
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Key participants include The Dow Chemical Company, Royal Dutch Shell PLC, Exxon Mobil Corporation, BASF SE, Tokuyama Corporation, LCY Chemical Corp., OXEA GmbH, JXTG Holdings, Inc., LG Chem Ltd., Sasol Limited, and ISU Chemical.
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For the purpose of this report, Reports and Data have segmented the global propylene glycol methyl ether acetate market on the basis of the end-use, sales channel, applications, and region:
End-Use Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
Sales Channel Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
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Applications Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
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Regional Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
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