1. Propylene glycol methyl ether acetate industry profile
1, definition and development history
Propylene glycol monomethyl ether acetate is also called Propylene glycol methyl ether acetate , the molecular formula is C6H12O3, a colorless hygroscopic liquid, has a special odor, and is a non-pollutant solvent with multifunctional groups. It is mainly used in ink, paint, ink, textile dyes, textile oil agents, and can also be used as cleaning agents in the production of liquid crystal displays. Flammable, and an explosive steam/air mixture may form above 42°C. Looking at the development of the propylene glycol methyl ether acetate industry, it can be summarized into the following stages:
Propylene glycol methyl ether acetate industry development history
Source: compiled by Huajing Industry Research Institute
2, production process
industrial production of alcohol ether ester includes three processes: one-step synthesis method, transesterification method and direct esterification method. At present, the domestic propylene glycol methyl ether acetate industry mainly adopts direct esterification under the catalytic action of concentrated sulfuric acid under the catalytic action of concentrated sulfuric acid.
Source: compiled by Huajing Industry Research Institute
2. Current status of the global propylene glycol methyl ether acetate industry
Propylene glycol methyl ether acetate production is mainly concentrated in China, the United States, Western Europe , Japan and other countries and regions. China is already the world's largest producer of propylene glycol ether acetate. Since 2015, the global propylene glycol methyl ether acetate market has shown a volatile growth trend. In 2021, the global propylene glycol methyl ether acetate market size was approximately US$1.493 billion, a year-on-year decrease of 0.53%.
Source: Huajing Industry Research Institute compiled
Related report: "2023-2028 China Propylene Glycol Methoxyacetate Industry Market In-depth Analysis and Investment Potential Forecast Report"
III. Current Situation of China Propylene Glycol Methoxyacetate Industry
1, production capacity
In recent years, my country's propylene glycol methyl ether acetate industry has been relatively stable, with nominal production capacity of about 500,000 tons. Among them, Jiangsu Yida Chemical Co., Ltd., Jiangsu Tianyin Chemical Co., Ltd., Jiangsu Hualun Chemical Co., Ltd., , Jiangsu Baichuan Hi-Tech New Materials Co., Ltd. and other companies are the major manufacturers in the industry.
Source: compiled by Huajing Industry Research Institute
2, market size and structure
Domestic propylene glycol methyl ether acetate market size is roughly the same as the global growth trend. The market size of China's propylene glycol methyl ether acetate increased from 2.253 billion yuan in 2015 to 3.204 billion yuan in 2021, with an average annual compound growth rate of 6.04%.
Source: Compiled by Huajing Industry Research Institute
Influenced by the downstream industrial location layout, my country's demand for propylene glycol methyl ether acetate has certain regional characteristics. At present, the market for propylene glycol methyl ether acetate is mainly distributed in East China and Central and Southern regions of , with the market size accounting for 40.98% and 30.4% respectively in 2021.
Source: compiled by Huajing Industry Research Institute
3, demand side
From the demand side, the domestic demand for propylene glycol methyl ether acetate has shown a fluctuating trend in recent years. Data shows that China's demand for propylene glycol methyl ether acetate in 2021 was about 265,800 tons, and increased by 4.6% year-on-year.
Source: Compiled by Huajing Industry Research Institute
Alcohol ethers and alcohol ether ester ester products are often used as solvents and additives in coatings, inks, electronics, copper clad plates, brake fluid , medicine, pesticides, printing, cleaning agents and other industries. Among them, the coatings and ink fields are the most widely used, with the market share in 2021 as high as 74.15%.
Source: compiled by Huajing Industry Research Institute
4, price
2015-2021, the average sales price of propylene glycol methyl ether acetate in my country showed a volatile growth trend. In 2015, the average market price of propylene glycol methyl ether acetate was 8,995 yuan/ton, and increased to 12,055 yuan/ton in 2021.
Source: compiled by Huajing Industry Research Institute
IV. Propylene glycol methyl ether acetate industry competition pattern
Propylene glycol methyl ether acetate domestic self-sufficiency rate is high. East China, represented by Jiangsu, is my country's propylene glycol methyl ether acetate industry cluster. Manufacturers include Baichuan Co., Ltd. , Yida Chemical, Hualun Chemical, Tianyin Chemical, etc.
Source: compiled by Huajing Industry Research Institute
V. Propylene glycol methyl ether acetate industry development prospects
Industrial grade propylene glycol methyl ether acetate downstream industries have a large demand, and the demand market for electronic grade propylene glycol methyl ether acetate is also rising rapidly, and there may be a trend of coming from behind in the future. The global epidemic continues to decline, and the semiconductor supply chain production capacity pressure is tight. photoresist is an indispensable urgently needed production material for wafer and chip manufacturing industry, and propylene glycol methyl ether acetate is one of the important raw materials for photoresist, and it is also expected to develop rapidly through this.
Huajing Intelligence Network is affiliated to Huajing Industry Research Institute, focusing on industrial and economic information and research in Greater China. Its main products and services currently provide include traditional and emerging industry research, business plans, feasibility studies, market research, special reports, customized reports, etc. It covers the fields of culture and sports, logistics and tourism, healthy elderly care, biomedicine , energy and chemical industry, equipment manufacturing, automotive electronics, etc., and also conducts in-depth research on emerging fields such as smart cities, smart life, smart manufacturing, new energy, new materials, new consumption, new finance, artificial intelligence , " Internet + " and other emerging fields.
