PGMEA for Electronic Materials Market Share Accelerates with Rising Demand in Semiconductors and Flat Panel Displays | Valuates Reports

Propylene Glycol Methyl Ether Acetate (PGMEA) for Electronic Materials Market Size
The global market for Propylene Glycol Methyl Ether Acetate (PGMEA) for Electronic Materials was valued at US$ 350 million in the year 2023 and is projected to reach a revised size of US$ 595 million by 2030, growing at a CAGR of 7.1% during the forecast period.

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The Propylene Glycol Methyl Ether Acetate (PGMEA) for Electronic Materials Market is gaining momentum as demand surges across high-precision manufacturing environments. PGMEA, valued for its superior solvent properties and compatibility with photoresists, is increasingly essential in semiconductor and display fabrication processes.

By type, the Ultra High Purity PGMEA segment holds the dominant share, driven by its critical role in advanced photolithography steps for sub-10nm nodes in semiconductor manufacturing. High Purity PGMEA continues to be widely used across mature fabrication nodes and less stringent cleaning processes, making it a reliable option in both legacy fabs and emerging markets.

By application, the Semiconductor segment commands the largest share, propelled by the exponential growth of AI chips, memory devices, and foundry expansions across Asia and North America. The Flat Panel Display (FPD) segment also contributes significantly, particularly with increasing OLED and high-resolution LCD production. The Others segment, including applications in microelectromechanical systems (MEMS) and specialty optical films, shows steady uptake.

With rising investments in fab capacity, miniaturization, and cleanroom operations, PGMEA's strategic relevance in the electronics value chain is expected to deepen, making it a critical enabler of next-gen device innovation.

by Type
• High Purity
• Ultra High Purity

by Application

• Semiconductor
• Flat Panel Display (FPD)
• Others

By Company

Dow, Shell, Daicel, LyondellBasell, Eastman, KH Neochem, Shinko Organic Chemical, Chang Chun Group, Shiny Chemical, Jaewon Industrial, Chemtronics, Jiangsu Dynamic, Jiangsu Hualun, Jiangsu Baichuan, Yida Chemical

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This release was published on openPR.