The Global Propylene Glycol Monomethyl Ether Propionate (PMP) Market was valued at USD 285.6 Million in 2024 and is projected to reach USD 398.2 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period (2024–2030). This robust expansion is fueled by increasing demand from key end-use industries such as paints & coatings, electronics, and automotive, driven by PMP’s excellent solvency, low toxicity, and favorable evaporation rate.

As the chemical industry pivots towards high-performance and environmentally compliant solvents, the focus intensifies on the principal manufacturers who are advancing production technologies and expanding their global footprint. In this blog, we profile the Top 10 Companies in the Propylene Glycol Monomethyl Ether Propionate (PMP) Industry—a combination of multinational chemical giants and specialized producers shaping the market’s future.

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🔟 1. LyondellBasell Industries N.V.

Headquarters: Houston, Texas, USA
Key Offering: High-purity PMP solvents (≥99.5%)

LyondellBasell is one of the world’s largest plastics, chemicals, and refining companies, with a significant presence in the oxygenated solvents market. Their PMP products are known for high purity and consistency, serving demanding applications in electronics and high-performance coatings.

Key Market Initiatives:

• Investment in advanced oxidation process technologies for solvent production

• Focus on sustainability through responsible sourcing and production practices

• Strategic global supply chain to serve customers in North America, Europe, and Asia

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9️⃣ 2. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: PMP grades for coatings, inks, and cleaning applications

BASF is a leading global chemical company with a comprehensive portfolio of solvents. Their PMP is characterized by high purity and is a key component in formulations requiring low odor and excellent solvency power for resins and polymers.

Key Market Initiatives:

• Development of bio-based and renewable feedstock pathways for oxygenated solvents

• Strong R&D focus on product innovation for the automotive and electronics sectors

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8️⃣ 3. Jiangsu Hualun Chemical Co., Ltd.

Headquarters: Taizhou, Jiangsu, China
Key Offering: Cost-effective PMP (99.0% and 99.5% purity)

Jiangsu Hualun is a major Chinese producer of fine chemicals and solvents, including PMP. The company has established a strong position in the domestic market and is expanding its exports, competing on price and volume in the global market.

Key Market Initiatives:

• Expansion of production capacity to meet growing domestic and international demand

• Focus on the Asian market, particularly for paints, printing inks, and industrial cleaners

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7️⃣ 4. Jiangsu Dynamic Chemical Co., Ltd.

Headquarters: Yancheng, Jiangsu, China
Key Offering: Various grades of PMP for diverse industrial applications

Jiangsu Dynamic Chemical specializes in the manufacture of glycol ethers and acetates. The company is a significant player in China’s solvent market, supplying PMP to various downstream industries with a focus on consistent quality.

Key Market Initiatives:

• Continuous process optimization to improve yield and reduce production costs

• Strengthening distribution networks across China and key export markets

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6️⃣ 5. Jiangsu Yida Chemical Co., Ltd.

Headquarters: Yancheng, Jiangsu, China
Key Offering: PMP solvents for the chemical industry and electronics

Jiangsu Yida Chemical is another prominent Chinese manufacturer with a focus on glycol ethers and their derivatives. The company produces PMP that meets international standards, catering to both local and global customers.

Key Market Initiatives:

• Adoption of stringent quality control measures to ensure product reliability

• Targeting growth in the electronics sector where high-purity solvents are critical

Download FREE Sample Report: Propylene Glycol Monomethyl Ether Propionate (PMP) Market – View in Detailed Research Report

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5️⃣ 6. SANKYO CHEMICAL Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: High-quality PMP for specialized applications

SANKYO CHEMICAL is a Japanese company known for its high-purity chemical products. While a more specialized player, it holds a reputable position in the market, particularly for applications requiring superior performance specifications in the Asia-Pacific region.

Key Market Initiatives:

• Focus on niche, high-value applications in electronics and advanced materials

• Commitment to product quality and technical customer support

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4️⃣ 7. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Diverse portfolio of glycol ethers and acetates, including PMP

Dow is a global leader in materials science, offering a wide range of industrial solvents. Although part of a broader portfolio, Dow’s PMP is backed by extensive R&D and a global supply infrastructure, serving major multinational customers.

Key Market Initiatives:

• Integration of sustainability into product development and life cycle assessments

• Leveraging global scale to ensure supply security for large-volume customers

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3️⃣ 8. Shell Chemicals

Headquarters: London, United Kingdom
Key Offering: Oxygenated solvents derived from its oxo-alcohols platform

Shell Chemicals produces a range of chemicals that serve as feedstocks for solvents. While not a direct PMP producer on the same scale as specialty chemical companies, Shell’s integrated operations and market presence influence the broader glycol ethers market dynamics.

Key Market Initiatives:

• Strategic focus on its core petrochemical value chains

• Investment in technologies for more efficient and sustainable chemical production

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2️⃣ 9. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: Performance solvents and intermediates

Eastman is a global specialty materials company with a strong heritage in coatings and inks. Their expertise in solvent technology positions them as a knowledgeable player, with capabilities to supply high-performance products like PMP to specific market segments.

Key Market Initiatives:

• Innovation in solvent systems for compliant coatings formulations

• Customer collaboration to develop tailored solutions for specific application challenges

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1️⃣ 10. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Specialty chemicals and functional materials

Mitsubishi Chemical, as Japan’s largest chemical company, has a diverse portfolio that includes basic and fine chemicals. Its production capabilities and market reach make it a significant participant in the Asian PMP market, especially for high-specification applications.

Key Market Initiatives:

• Focus on the KKS (Kaiteki, Kurosō, and Sustainability) business framework for long-term growth

• R&D investments aimed at creating innovative materials for electronics and automotive industries

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🔬 Outlook: The PMP Market’s Trajectory Towards High Performance and Sustainability

The Propylene Glycol Monomethyl Ether Propionate market is evolving amidst shifting regulatory landscapes and changing end-user demands. While traditional applications continue to drive volume, the industry is increasingly focused on developing products that meet stringent VOC (Volatile Organic Compound) regulations and performance criteria for next-generation technologies.

📈 Key Trends Shaping the PMP Market:

• Growing demand for high-purity PMP (≥99.5%) in electronics manufacturing for cleaning and coating processes

• Shift towards green solvents and bio-based alternatives, influencing R&D directions

• Expansion of production capacities in Asia, particularly China, to serve regional and global markets

• Increasing application in water-based coating formulations requiring effective coalescing agents

Get Full Report Here: Propylene Glycol Monomethyl Ether Propionate (PMP) Market – View in Detailed Research Report

The companies profiled are not only supplying a critical industrial solvent—they are enabling advancements in manufacturing efficiency and product performance across a spectrum of global industries.