Dipropylene Glycol Monomethyl Ether Market Report 2026

The dipropylene glycol monomethyl ether market size has grown strongly in recent years. It will grow from $1.53 billion in 2025 to $1.64 billion in 2026 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to growth of coatings and paints industry, expansion of industrial solvent usage, development of glycol ether chemistry, increased cleaning formulation demand, electronics manufacturing growth.

The dipropylene glycol monomethyl ether market size is expected to see strong growth in the next few years. It will grow to $2.18 billion in 2030 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to shift toward eco friendly solvents, growth in cosmetic formulations, electronics industry expansion, demand for formulation stability, specialty chemical innovation. Major trends in the forecast period include rising demand for low toxicity solvents, growing use in water based formulations, expansion of electronics and coatings applications, increased adoption in cosmetic and personal care products, focus on high purity and specialty grades.

The growing demand for paints and coatings is expected to drive the growth of the dipropylene glycol monomethyl ether (DPM) market in the coming years. Paints and coatings are applied to surfaces to provide protection, enhance durability, and improve appearance through the formation of thin, decorative, and protective layers. The increasing number of construction and infrastructure projects worldwide has led to a higher demand for durable and visually appealing coatings that offer surface protection and aesthetic enhancement. DPM serves as an effective solvent in paints and coatings, improving flow and leveling, enhancing film formation, and supporting low-VOC formulations for superior finish quality and environmental compliance. For example, in August 2025, according to Shanghai Tendata Tech Co., Ltd., a China-based digital international trade service provider, the global paint trade grew by 0.2% year over year, reaching $25.97 billion in 2023. Therefore, the rising demand for paints and coatings is contributing to the growth of the DPM market.

The expansion of construction activities is expected to accelerate the growth of the dipropylene glycol monomethyl ether market over the forecast period. The construction sector, which involves the planning, design, and development of residential, commercial, and industrial structures, is expanding due to rapid urbanization and increased infrastructure investment. This growing demand for new housing and commercial spaces has led to higher consumption of paints, coatings, and adhesives, in which DPM is used as a key solvent. DPM enhances application smoothness, drying efficiency, and overall material performance in construction-related applications. For instance, in September 2025, according to the United States Census Bureau, public construction spending reached a seasonally adjusted annual rate of $515.8 billion in July, up 0.3% from June’s revised estimate of $514.3 billion. Therefore, the expansion of the construction sector is fueling the growth of the DPM market.

Major companies in the dipropylene glycol monomethyl ether market are focusing on developing sustainable propylene glycol (PG) solutions to meet the growing demand for eco-friendly solvents across industries. Sustainable PG products are produced from renewable sources or through environmentally friendly processes, offering a lower carbon footprint and reduced dependence on fossil fuels compared to conventional petrochemical-based alternatives. For instance, in March 2024, Dow Inc., a US-based chemical company, introduced two new sustainable propylene glycol products, Propylene Glycol CIR, made with Renuva recycled content derived from hard-to-recycle waste, and Propylene Glycol REN, produced using Ecolibrium bio-circular technology. Both products are ISCC PLUS certified and employ a mass balance approach to ensure traceable sustainability throughout the supply chain. These innovations are supporting industries such as personal care, pharmaceuticals, food, agriculture, and manufacturing, reflecting the increasing shift toward environmentally sustainable solvent solutions.

Major companies operating in the dipropylene glycol monomethyl ether market are Shell plc, Mitsubishi Chemical Group Corporation, BASF SE, Dow Inc., Huntsman Corporation, Eastman Chemical Company, LyondellBasell Industries N.V., SABIC (Saudi Basic Industries Corporation), INEOS Group Limited, Arkema S.A., LG Chem Ltd., SK Global Chemical Co., Ltd., Formosa Plastics Corporation, China Petroleum & Chemical Corporation (Sinopec), PetroChina Company Limited, Reliance Industries Limited, Indian Oil Corporation Limited, Sasol Limited, PCC Rokita S.A., Kuraray Co., Ltd.

North America was the largest region in the dipropylene glycol monomethyl ether market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dipropylene glycol monomethyl ether market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the dipropylene glycol monomethyl ether market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The dipropylene glycol monomethyl ether market consists of sales of surface cleaning sprays, industrial degreasers, floor care solutions, ink thinners, adhesive removers, and specialty coating additives. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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