my country’s propylene glycol methyl ether production is gradually increasing, and East China has the largest production capacity

Propylene glycol methyl ether, also known as methoxyisopropyl alcohol, propylene glycol monomethyl ether, etc., abbreviated as PM or PGME in English, is a low-toxic ether compound. The chemical formula of propylene glycol methyl ether is C4H10O2. It appears as a colorless and transparent liquid with a faint ether smell under normal temperature and pressure. Compared with other chemical materials, propylene glycol methyl ether has the advantages of good volatility, strong solubility, and good stability.

From the upstream of the industrial chain, the raw materials of propylene glycol methyl ether mainly include methanol, propylene oxide, etc. Among them, methanol has become the raw material with the largest cost share. Driven by downstream market demand, my country’s methanol production capacity has gradually expanded and output has increased. According to data released by the China Nitrogen Fertilizer Industry Association, my country’s methanol production will be 80.225 million tons in 2022, a year-on-year increase of 3.30%. my country’s methanol production is gradually increasing, providing sufficient raw materials for the rapid development of the propylene glycol methyl ether market.

Propylene glycol methyl ether has a wide range of applications and is widely used in PMA, inks, coatings, pesticides, electronics, chemical industry and other fields. Among them, PMA is the largest application field of propylene glycol methyl ether, accounting for 72.73%; followed by the coating and ink fields, the two together account for 16.04%.

In the field of chemical industry, propylene glycol methyl ether can be used as a non-pollution solvent in a variety of organic chemical reactions due to its low toxicity and strong volatility. It can not only improve reaction efficiency but also reduce the occurrence of side effects. In addition, propylene glycol methyl ether is also used in the production of photoresist diluents, cleaning agents, strippers and other products, and is widely used in the production process of electronic components. Overall, my country’s market demand for propylene glycol methyl ether is relatively large.

According to the “2023 Propylene Glycol Methyl Ether Industry Investment Feasibility Analysis Report” released by the Industrial Research Center, with the development of my country’s chemical industry, electronics With the rapid development of the market, propylene glycol methyl ether, as an environmentally friendly organic solvent, has gradually grown in market demand. Against this background, my country’s propylene glycol methyl ether production capacity has gradually expanded, and output has increased accordingly. From 2015 to 2022, my country’s propylene glycol methyl ether production increased from 288,700 tons to 391,200 tons, with an average annual compound growth rate of 4.44%.

From the perspective of production capacity distribution, my country’s propylene glycol methyl ether production areas are concentrated in East China, South China, North China, etc. Among them, East China has become the region with the largest production capacity of propylene glycol methyl ether, accounting for 84.72% of the production capacity.

Industry analysts said that the largest propylene glycol methyl ether companies in my country mainly include Yida Chemical, Tianyin Chemical, and Warren Chemical. , Ruijia Chemical, Baichuan Chemical, etc. Among them, Tianyin Chemical has become the largest producer of propylene glycol methyl ether in China. As China’s production capacity structure gradually upgrades, the merger speed among propylene glycol methyl ether companies accelerates, and some companies with backward production technology are gradually eliminated. The market gradually concentrates on companies with technological advantages and larger scales. In the future, my country’s propylene glycol methyl ether market concentration rate It is expected to be further improved.