The Global 1-Methoxy-2-Propanol (PM) Market was valued at USD 489.3 Million in 2025 and is projected to reach USD 782.6 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period (2025–2032). This growth is primarily driven by robust demand from the paints and coatings industry, rapid industrialization in emerging economies, and the increasing adoption of safer solvent alternatives across various manufacturing sectors.

As the chemical industry increasingly prioritizes performance and environmental compliance, the role of key solvent producers becomes critical. These companies are not only supplying essential raw materials but are also driving innovation in high-purity formulations and sustainable production processes. In this blog, we profile the Top 10 Companies in the 1-Methoxy-2-Propanol (PM) Industry—a mix of global chemical giants, specialized producers, and regional leaders shaping the future of industrial solvents.

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🔟 1. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: High-Purity PM (Purity ≥99.5%), Glycol Ethers Portfolio

Dow Chemical is a global leader in the production of glycol ethers, including 1-Methoxy-2-Propanol. With extensive manufacturing capabilities and a robust global supply chain, Dow serves a diverse range of industries, from advanced coatings and electronics to industrial cleaners. The company’s technical expertise and commitment to quality make it a preferred supplier for demanding applications.

Innovation and Sustainability Initiatives:

• Investment in production technologies for ultra-high-purity PM grades

• Development of solvent solutions with improved environmental profiles

• Commitment to sustainable chemistry principles and reducing the carbon footprint of operations

Download FREE Sample Report: 1-Methoxy-2-Propanol (PM) Market – View in Detailed Research Report

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9️⃣ 2. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: Eastman PM, Specialty Solvents for Coatings and Inks

Eastman is a major global producer of specialty chemicals, with a strong portfolio that includes 1-Methoxy-2-Propanol. The company is renowned for its focus on innovation and providing tailored solutions for the coatings, inks, and cleaning sectors. Eastman’s PM is valued for its consistent quality and performance characteristics.

Innovation and Sustainability Initiatives:

• R&D focused on solvent systems for low-VOC and high-performance formulations

• Initiatives to enhance the sustainability of its solvent production processes

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8️⃣ 3. LyondellBasell Industries

Headquarters: Houston, Texas, USA
Key Offering: Propylene Glycol Methyl Ether (PM), Oxylene® Products

LyondellBasell is one of the world’s largest plastics, chemicals, and refining companies. Its oxylene business includes the production of PM, leveraging its integrated propylene oxide feedstock position. The company supplies PM to a broad customer base across various industrial applications.

Innovation and Sustainability Initiatives:

• Optimization of manufacturing processes for efficiency and reduced environmental impact

• Exploring circular economy principles for chemical production

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7️⃣ 4. Shell Chemicals

Headquarters: London, United Kingdom
Key Offering: Shell PM, Range of Oxygenated Solvents

Shell Chemicals produces a range of oxygenated solvents, including 1-Methoxy-2-Propanol, serving global markets. The company’s strong position in base chemicals provides a reliable feedstock supply, ensuring consistent product availability for its customers in the coatings and industrial sectors.

Innovation and Sustainability Initiatives:

• Focus on producing solvents that meet evolving regulatory standards

• Commitment to responsible chemical management and product stewardship

Download FREE Sample Report: 1-Methoxy-2-Propanol (PM) Market – View in Detailed Research Report

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6️⃣ 5. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: High-purity PM, Comprehensive Solvents Portfolio

BASF, a leading global chemical company, offers 1-Methoxy-2-Propanol as part of its extensive solvents portfolio. The company’s strong R&D capabilities focus on developing solvents that enhance the performance and sustainability of customer formulations in paints, coatings, and cleaners.

Innovation and Sustainability Initiatives:

• Development of solvent blends for advanced coating systems

• Sustainability efforts aimed at reducing the environmental footprint of its products

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5️⃣ 6. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: PM Solvents for Electronics and Coatings

Mitsubishi Chemical Corporation is a key player in the Asian PM market, producing high-quality solvents for precise applications, including electronics cleaning and specialty coatings. The company’s focus on quality control and technical support makes it a significant supplier in the region.

Innovation and Sustainability Initiatives:

• Investment in high-purity solvent production for the electronics industry

• Initiatives to advance the company’s sustainability goals, including carbon neutrality targets

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4️⃣ 7. KH Neochem Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Neocol PM, Specialty Oxylene Products

KH Neochem is a specialized chemical company with a strong focus on oxylene derivatives, including 1-Methoxy-2-Propanol. The company has a significant presence in the Asian market and is known for its reliable supply and product quality, catering to the coatings and chemical processing industries.

Innovation and Sustainability Initiatives:

• Continuous improvement of production processes for greater efficiency

• Commitment to safety and environmental responsibility in operations

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3️⃣ 8. Repsol

Headquarters: Madrid, Spain
Key Offering: Repsol PM, Basic and Intermediate Chemicals

Repsol, a leading energy and petrochemical company, produces 1-Methoxy-2-Propanol at its integrated chemical complexes. The company supplies the European market and beyond, supporting various industrial applications with its range of chemical products.

Innovation and Sustainability Initiatives:

• Strategic focus on the circular economy and decarbonization of its product portfolio

• Investment in technologies to produce chemicals from renewable sources

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2️⃣ 9. Ataman Chemicals

Headquarters: Istanbul, Turkey
Key Offering: PM for Regional Markets, Chemical Distribution

Ataman Chemicals is a significant chemical supplier and distributor, providing 1-Methoxy-2-Propanol to customers in its regional markets. The company plays a vital role in the supply chain, connecting producers with end-users in various industries.

Innovation and Sustainability Initiatives:

• Focus on providing tailored chemical solutions to meet specific customer needs

• Ensuring reliable logistics and supply chain management for chemical distribution

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

Headquarters: Jiangsu, China
Key Offering: PM for Domestic and Export Markets

Jiangsu Baichuan is a prominent Chinese producer of chemical materials, including 1-Methoxy-2-Propanol. The company leverages China’s strong manufacturing base to supply both the domestic market, which is experiencing rapid growth, and international customers, contributing significantly to global PM supply.

Innovation and Sustainability Initiatives:

• Capacity expansion to meet growing domestic and global demand

• Investment in production technology to improve product quality and efficiency

Get Full Report Here: 1-Methoxy-2-Propanol (PM) Market – View in Detailed Research Report

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🌍 Outlook: The Future of 1-Methoxy-2-Propanol Is High-Performance and Sustainable

The 1-Methoxy-2-Propanol market is undergoing a significant transformation. While traditional applications in coatings and cleaners continue to dominate demand, the industry is increasingly focused on developing high-purity formulations and aligning with sustainability goals.

📈 Key Trends Shaping the Market:

• Rising demand for high-purity (≥99.5%) PM in electronics and pharmaceutical applications

• Regulatory push for safer solvent alternatives and low-VOC formulations in North America and Europe

• Supply chain optimization and regional production capacity expansions, particularly in Asia-Pacific

• Strategic partnerships between chemical producers and end-users to develop customized solvent solutions

Get Full Report Here: 1-Methoxy-2-Propanol (PM) Market – View in Detailed Research Report

The companies listed above are not only supplying essential industrial solvents—they’re driving the innovation and sustainability of chemical formulations worldwide.