The Global Propylene Glycol Methyl Ether Acetate (PMAC) Market was valued at USD 1.2 Billion in 2024 and is projected to reach USD 1.6 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period (2024–2030). This robust growth is primarily driven by the escalating demand from the paints & coatings industry, the expansion of the electronics sector, and the rising adoption of environmentally friendly solvents.

As industries pivot towards sustainable and high-performance chemical solutions, the focus intensifies on the leading producers of PMAC, a versatile solvent prized for its low toxicity and excellent solvency. In this analysis, we profile the Top 10 Companies in the Propylene Glycol Methyl Ether Acetate (PMAC) Market—a strategic mix of global chemical giants and specialized producers who are defining the future of this essential chemical.

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🔟 1. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: High-Purity PMAC, Specialty Glycol Ethers

Dow is a global leader in the production of glycol ethers and acetates, including high-quality PMAC. Its extensive product portfolio serves a wide array of applications, from industrial coatings to advanced electronics cleaning agents. Dow’s commitment to innovation and sustainability underpins its market-leading position.

Sustainability & Innovation Initiatives:

• Investment in bio-based and circular economy feedstocks for glycol ether production

• Development of next-generation, low-VOC solvent formulations

• Commitment to carbon neutrality targets across its operations

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9️⃣ 2. Shell Chemicals

Headquarters: The Hague, Netherlands
Key Offering: Shell PMAC, Oxitol Products

Shell Chemicals is a major producer of oxygenated solvents, including propylene glycol methyl ether acetate. Leveraging its integrated hydrocarbon value chain, Shell ensures reliable supply and consistent quality for global customers in the coatings, inks, and cleaning sectors.

Sustainability & Innovation Initiatives:

• Focus on enhancing production efficiency and reducing environmental footprint

• Research into sustainable pathways for oxygenated solvent manufacturing

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Propylene Glycol Methyl Ether Acetate (PMAC) Market – View in Detailed Research Report

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8️⃣ 3. LyondellBasell Industries

Headquarters: Houston, Texas, USA
Key Offering: PMAC, Butyl CARBITOL™ Acetate, other advanced solvents

As one of the world’s largest plastics, chemicals, and refining companies, LyondellBasell is a key player in the intermediates and derivatives market. Its production of PMAC supports a broad spectrum of industrial applications, backed by strong technical support and global logistics.

Sustainability & Innovation Initiatives:

• Circular and low-carbon economy initiatives through its Circulen product range

• Ongoing process optimization to minimize waste and energy consumption

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7️⃣ 4. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: Eastman PMAC, EPACET™ Solvents

Eastman is a prominent global specialty materials company with a significant presence in the solvent market. Its high-purity PMAC is widely used in demanding formulations for coatings, inks, and electronics due to its superior performance characteristics.

Sustainability & Innovation Initiatives:

• Leadership in developing sustainable solvent technologies

• Commitment to transparent environmental, social, and governance (ESG) reporting

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6️⃣ 5. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Plurofac® & Lusolvan® solvent ranges, including PMAC equivalents

BASF, a leading chemical producer, offers a comprehensive portfolio of solvents and intermediates. While its focus is broad, the company produces key glycol ether acetates that compete directly with PMAC, serving the European and Asian markets with high-quality, consistent products.

Sustainability & Innovation Initiatives:

• Strong emphasis on biomass-balanced products and renewable raw materials

• Investment in R&D for eco-friendly coating and adhesive solutions

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5️⃣ 6. K H Neochem Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: High-purity PMAC, Specialty Esters

K H Neochem is a specialized Japanese chemical company with a strong focus on oxo chemicals, including glycol ethers and their acetates. It is a key supplier in the Asia-Pacific region, particularly for the electronics and high-performance coatings industries.

Sustainability & Innovation Initiatives:

• Development of ultra-high-purity grades for semiconductor manufacturing

• Initiatives to reduce VOC emissions from its product portfolio

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4️⃣ 7. Monument Chemical

Headquarters: Indianapolis, Indiana, USA
Key Offering: Monument PMAC, Custom Glycol Ether Acetates

Monument Chemical is a growing, independent producer of specialty chemicals, including PMAC. The company has carved a niche by offering flexible production capabilities and reliable supply chain logistics, catering to diverse industrial needs across North America.

Sustainability & Innovation Initiatives:

• Focus on process safety and environmental stewardship

• Investment in plant modernization and capacity expansion

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Propylene Glycol Methyl Ether Acetate (PMAC) Market – View in Detailed Research Report

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3️⃣ 8. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: DiaSolv PMAC, Specialty Solvents for Electronics

Mitsubishi Chemical is a global chemical giant with a diverse portfolio. Its performance chemicals division produces high-grade solvents like PMAC, which are critical for electronics cleaning, photoresists, and advanced coating systems, particularly in the technologically advanced Asian markets.

Sustainability & Innovation Initiatives:

• Integration of KAITEKI philosophy for sustainable value creation

• R&D focused on green chemistry and materials for a sustainable society

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2️⃣ 9. Mitsui Chemicals, Inc.

Headquarters: Tokyo, Japan
Key Offering: TDP™ Solvents, including PMAC variants

Mitsui Chemicals is another major Japanese chemical producer with significant output of glycol ethers and acetates. The company serves global markets with a focus on providing tailored solutions for the automotive, construction, and electronics sectors.

Sustainability & Innovation Initiatives:

• Strategic goals aligned with the UN Sustainable Development Goals (SDGs)

• Development of chemical recycling technologies for a circular economy

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1️⃣ 10. Shiny Chemical Industrial Co., Ltd.

Headquarters: Taipei, Taiwan
Key Offering: PMAC, Photoinitiators, Electronic Chemicals

Shiny Chemical is a key regional player, particularly strong in the Asian market. It specializes in chemicals for the electronics and optoelectronics industries, with PMAC being a critical component in its solvent offerings for photoresist and cleaning applications.

Sustainability & Innovation Initiatives:

• Focus on high-purity chemical production for the semiconductor industry

• Expansion of production capacities to meet rising regional demand

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Propylene Glycol Methyl Ether Acetate (PMAC) Market – View in Detailed Research Report

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🌍 Outlook: The Future of PMAC Relies on Sustainability and Specialization

The Propylene Glycol Methyl Ether Acetate market is evolving in response to global megatrends. While traditional applications in coatings and cleaners continue to drive volume, the industry is increasingly influenced by the demand for greener formulations, higher purity grades for electronics, and regional supply chain resilience.

📈 Key Trends Shaping the Market:

• Stringent environmental regulations pushing for low-VOC and sustainable solvent solutions

• Robust growth in the Asia-Pacific region, fueled by industrial expansion and electronics manufacturing

• Increasing demand for ultra-high-purity PMAC from the semiconductor and display panel industries

• Strategic investments in bio-based PMAC production pathways to enhance sustainability profiles

The companies profiled above are not just supplying a chemical; they are enabling innovation across countless industries, from the cars we drive to the devices we use, all while navigating the crucial transition towards a more sustainable chemical industry.

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Propylene Glycol Methyl Ether Acetate (PMAC) Market – View in Detailed Research Report