The Global High Purity Propylene Glycol Monomethyl Ether Acetate (PGMEA & PMA) for Electronic Market was valued at USD 240 Million in 2024 and is projected to reach USD 412 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 8.2% during the forecast period (2024–2032). This robust growth is primarily fueled by the expanding semiconductor industry, rising demand for advanced display technologies, and the increasing adoption of ultra-high purity solvents in next-generation electronics fabrication.

As the electronics industry advances toward more complex and miniature components, the demand for high-performance specialty chemicals becomes critical. In this essential solvent market, a select group of chemical giants and specialized producers are driving innovation and ensuring supply chain stability. In this blog, we profile the Top 10 Companies in the High Purity PGMEA & PMA for Electronic Market—a mix of global chemical leaders and regional specialists shaping the future of electronics manufacturing.

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🔟 1. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Electronic-Grade PGMEA, PMA, Ultra-High Purity Solvents

Dow Chemical is a global leader in the production of high-purity solvents, including PGMEA and PMA tailored for the electronics sector. The company leverages its extensive chemical manufacturing expertise and advanced purification technologies to serve major semiconductor foundries and display panel manufacturers worldwide. Dow’s electronic-grade solvents are critical for photoresist formulations in advanced node chip fabrication.

Innovation Initiatives:

• Development of EUV-grade solvents with impurity levels below 1 ppb

• Investment in sustainable production processes and bio-based feedstocks

• Strategic partnerships with leading semiconductor equipment manufacturers

Download FREE Sample Report:
High Purity Propylene Glycol Monomethyl Ether Acetate (PGMEA & PMA) for Electronic Market – View in Detailed Research Report

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9️⃣ 2. Shell Chemicals

Headquarters: The Hague, Netherlands / London, UK
Key Offering: High-Purity PGMEA, PMA, Specialty Solvents for Electronics

Shell Chemicals is a major global supplier of high-purity PGMEA and PMA, with a strong focus on the electronics industry. The company utilizes its integrated petrochemical value chain to ensure consistent quality and supply for critical electronic applications. Shell’s products are essential for photolithography processes in semiconductor and display manufacturing.

Innovation Initiatives:

• Expansion of ultra-high purity solvent production capacity

• Development of low-VOC formulations to meet environmental regulations

• Collaboration with electronics manufacturers on customized solvent solutions

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8️⃣ 3. LyondellBasell Industries

Headquarters: Houston, Texas, USA / Rotterdam, Netherlands
Key Offering: Electronic-Grade PGMEA/PMA, Advanced Solvent Blends

LyondellBasell is one of the world’s largest plastics, chemicals, and refining companies, with a significant presence in the high-purity solvents market. The company’s electronic-grade PGMEA and PMA are manufactured using state-of-the-art purification technologies to meet the stringent requirements of the semiconductor industry.

Innovation Initiatives:

• Implementation of advanced distillation and filtration technologies

• Focus on supply chain optimization for global electronics customers

• R&D investments in next-generation solvent formulations

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7️⃣ 4. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: High-Purity PGMEA, PMA, Specialty Coating Solvents

Eastman Chemical is a global specialty materials company that produces high-purity solvents for the electronics industry. The company’s electronic-grade PGMEA and PMA are used in photoresist applications for semiconductor manufacturing and display production, with a focus on purity and performance consistency.

Innovation Initiatives:

• Development of sustainable solvent production methods

• Expansion of quality control capabilities for ultra-high purity products

• Strategic focus on high-growth electronics markets in Asia-Pacific

Download FREE Sample Report:
High Purity Propylene Glycol Monomethyl Ether Acetate (PGMEA & PMA) for Electronic Market – View in Detailed Research Report

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6️⃣ 5. KH Neochem Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Ultra-High Purity PGMEA, Electronic Chemical Specialties

KH Neochem is a leading Japanese chemical company specializing in high-purity electronic chemicals. The company has established itself as a key supplier of PGMEA to the semiconductor industry, particularly in the Asia-Pacific region. KH Neochem’s focus on quality and technical support has made it a preferred partner for major electronics manufacturers.

Innovation Initiatives:

• Investment in advanced purification technologies for semiconductor applications

• Development of customized solvent formulations for specific customer needs

• Expansion of production capacity to meet growing regional demand

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5️⃣ 6. Daicel Corporation

Headquarters: Osaka, Japan
Key Offering: High-Purity PGMEA, PMA, Specialty Chemicals for Electronics

Daicel Corporation is a diversified chemical company with a strong presence in the electronic chemicals market. The company produces high-purity PGMEA and PMA that meet the exacting standards of the semiconductor and display industries. Daicel’s technical expertise and quality control systems ensure consistent performance in critical electronic applications.

Innovation Initiatives:

• Continuous improvement of purification processes for higher purity levels

• Development of environmentally friendly production technologies

• Strategic partnerships with electronics manufacturers in Japan and Korea

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4️⃣ 7. Chang Chun Group

Headquarters: Taipei, Taiwan
Key Offering: Electronic-Grade PGMEA/PMA, Photoresist Chemicals

Chang Chun Group is a major chemical producer in Taiwan with significant capabilities in electronic chemicals. The company supplies high-purity PGMEA and PMA to the thriving semiconductor and display industries in Taiwan and throughout Asia. Chang Chun’s proximity to major electronics manufacturing hubs provides a strategic advantage in serving this market.

Innovation Initiatives:

• Expansion of electronic chemicals portfolio to support local semiconductor industry

• Investment in R&D for advanced node semiconductor materials

• Quality enhancement programs to meet international standards

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3️⃣ 8. Jiangsu Dynamic Chemical Co., Ltd.

Headquarters: Jiangsu, China
Key Offering: High-Purity PGMEA, PMA, Solvents for Electronics

Jiangsu Dynamic Chemical is a leading Chinese producer of specialty chemicals, including high-purity PGMEA and PMA for electronic applications. The company has grown significantly by serving China’s rapidly expanding electronics manufacturing sector, particularly in the display panel and semiconductor industries.

Innovation Initiatives:

• Capacity expansion to meet domestic demand growth

• Technology upgrades to improve product purity and consistency

• Development of competitive pricing strategies for the Chinese market

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2️⃣ 9. Shiny Chemical Industrial Co., Ltd.

Headquarters: Taipei, Taiwan
Key Offering: Electronic-Grade Solvents, PGMEA, PMA Formulations

Shiny Chemical Industrial is a Taiwanese chemical company specializing in products for the electronics industry. The company produces high-purity PGMEA and PMA that are used in photoresist applications for semiconductor and display manufacturing. Shiny Chemical’s focus on the Asian market has positioned it as a key regional supplier.

Innovation Initiatives:

• Development of specialized solvent blends for specific applications

• Enhancement of production efficiency and cost competitiveness

• Expansion of technical service capabilities for electronics customers

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1️⃣ 10. Jiangsu Baichuan High-tech Materials Co., Ltd.

Headquarters: Jiangsu, China
Key Offering: High-Purity PGMEA, Electronic Chemicals, Specialty Solvents

Jiangsu Baichuan High-tech Materials is a Chinese chemical company that has emerged as a significant player in the electronic chemicals market. The company produces high-purity PGMEA and PMA for the domestic electronics industry, benefiting from China’s growing semiconductor and display manufacturing sectors.

Innovation Initiatives:

• Investment in purification technology to meet international quality standards

• Expansion of production capacity to serve growing domestic demand

• Development of comprehensive electronic chemicals portfolio

Get Full Report Here:
High Purity Propylene Glycol Monomethyl Ether Acetate (PGMEA & PMA) for Electronic Market – View in Detailed Research Report

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🌍 Outlook: The Future of Electronic Chemicals Is Driven by Purity and Sustainability

The high purity PGMEA and PMA market is undergoing significant transformation as electronics manufacturing becomes more advanced and environmentally conscious. While traditional solvent applications continue to dominate, the industry is investing heavily in ultra-high purity formulations, sustainable production methods, and supply chain resilience.

📈 Key Trends Shaping the Market:

• Rising demand for EUV-grade solvents with impurity levels below 1 part per billion

• Increasing regulatory pressure for low-VOC and environmentally friendly formulations

• Geographic diversification of production to mitigate supply chain risks

• Growing adoption in advanced packaging applications beyond traditional semiconductor manufacturing

Get Full Report Here:
High Purity Propylene Glycol Monomethyl Ether Acetate (PGMEA & PMA) for Electronic Market – View in Detailed Research Report

The companies listed above are not only supplying essential chemicals for electronics manufacturing—they’re driving the technological advancement of the entire electronics value chain.