my country’s propylene glycol methyl ether acetate (PMA) market is gradually growing, with coatings being the main application field

Propylene glycol methyl ether acetate (PMA), also known as propylene glycol monomethyl ether acetate, has a molecular formula of C6H12O3. It is a colorless, hygroscopic liquid with a special smell. It mainly uses acetic acid and propylene glycol methyl ether as the main raw materials. After concentrated It is produced by direct esterification under the catalysis of sulfuric acid. Propylene glycol methyl ether acetate is widely used in the production of paints, inks, printing, pesticides, inks, cleaning agents for LCD displays, solvents for textile oils, etc.

From the downstream of the industrial chain, coatings have become the largest application field of propylene glycol methyl ether acetate, with a market share of 41.6%; followed by the ink field, with a market share of 32.5%; ranking third is the electronics field, with a market share is 20.7%.

At present, my country’s economic level is gradually improving, the urban residential population is gradually increasing, and the number of buildings and high-end residential areas is gradually increasing. However, due to the impact of the epidemic, the ability of Chinese residents to repay loans has gradually declined, the real estate market has been severely impacted, and the market size has gradually shrunk. According to data released by the Bureau of Statistics, in 2022, the completed area of ​​housing construction in our country will be 4.055 billion square meters, a year-on-year decrease of 0.69%. As an ancillary industry of the real estate market, the paint market has also been affected to a certain extent. Against this background, my country’s coating production has gradually declined. According to data released by the China Coatings Industry Association, in 2022, the total output of my country’s coatings industry enterprises will be approximately 34.88 million tons, a year-on-year decrease of 8.5%; the main business revenue will be approximately 452.500 billion yuan, a year-on-year decrease of 5.2%. Propylene glycol methyl ether acetate is an important raw material for the production of coatings, and its market has also been affected to a certain extent.

According to the “2023-2027 China Propylene Glycol Methyl Ether Acetate (PMA) Project Investment Feasibility Research Report” released by the Industrial Research Center It shows that at this stage, my country’s propylene glycol methyl ether acetate production technology is gradually improving, its comprehensive performance is gradually improving, its application fields are gradually broadening, and it is gradually developing into markets such as semiconductors, photoresist substrates, and copper-clad laminates, and market demand is gradually growing. Against this background, the market size of propylene glycol methyl ether acetate in my country is growing year by year. From 2015 to 2022, my country’s propylene glycol methyl ether acetate market size will grow from 2.261 billion yuan to 3.397 billion yuan, with an average annual compound growth rate of 5.99%.

Industry analysts said that my country’s propylene glycol methyl ether acetate market is highly concentrated, and leading companies are gradually emerging. my country’s largest propylene glycol methyl ether acetate companies mainly include Tianyin Chemical, Baichuan Chemical, Dana Chemical, Yida Chemical, Sanmu Group, Hualun Chemical, etc. Among them, Tianyin Chemical has the largest market share, reaching 25.7%; followed by Hualun Chemical, with a market share of 13.8%; and thirdly ranked Yida Chemical, with a market share of 10.4%. As my country’s propylene glycol methyl ether acetate industry continues to develop, the production capacity structure is gradually upgraded, and backward production capacity is gradually eliminated. Its market concentration is expected to further increase in the future.