High purity PGMEA for semiconductors market was valued at US$ 349.52 million in 2023 and is expected to reach US$ 593.60 million by 2030, growing at a CAGR of 7.05% during 2024-2030.
High purity PGMEA (propylene glycol methyl ether acetate) is a critical solvent in semiconductor manufacturing, particularly in photolithography where it aids in formulating and developing photoresists. It is also used for wafer cleaning and rinsing applications, thanks to its low toxicity and excellent solvency properties.
Top 10 Companies in High Purity PGMEA for Semiconductors Market
- Dow
- Shell
- Daicel
- LyondellBasell
- Eastman
- KH Neochem
- Shinko Organic Chemical
- Chang Chun Group
- Shiny Chemical
- Jaewon Industrial
Top five players accounted for around 44.01% of total revenue in 2023.
Key Market Drivers
- Semiconductor Industry Boom
The rise of advanced electronics, AI chips, IoT, and 5G infrastructure is fueling demand for ultra-clean solvents in chip fabrication processes. - Asia-Pacific Growth
Asia-Pacific dominates with strong semiconductor ecosystems in Taiwan, South Korea, China, and Japan, driving high consumption of PGMEA. - Technological Advancements
Increased miniaturization of chips is pushing the need for ultra high purity solvents with tighter specifications for contamination control.
Market Segmentation
By Type
High Purity
Ultra High Purity
By Application
Semiconductor
Flat Panel Display (FPD)
Others
Production by Region
North America
Europe
China
Japan
South Korea
Taiwan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Latin America
Mexico
Brazil
Breakthrough Trends Shaping the Evolution of High Purity PGMEA Market
-
Integration of ultra high purity grades for EUV (Extreme Ultraviolet Lithography)
-
Growing preference for biodegradable solvents in compliance with green manufacturing standards
-
Expansion of local production capacities in Asia to reduce dependence on imports
-
Cross-application demand in display panels and optoelectronics
-
Rising collaboration between chemical suppliers and semiconductor fabs for tailored formulations
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