The global methyl acetate market reached a volume of 1,925.27 KMT in 2023. It is estimated to grow at a CAGR of 4.1% between 2024 and 2032 to reach a volume of 2750.77 KMT in 2032.
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Methyl acetate, a colourless, flammable liquid, is an organic compound, widely used in low toxic solvent products like paints, adhesives, and nail varnish remover. It is also used as a solvent for many resins and oils.
High purity methyl acetate has low water and alcohol content, which makes it ideal for moisture sensitive paints, thus, aiding the market growth.
Low moisture-attraction tendency; rising demand for environment friendly products; the thriving packaging sector; and expansion of the paints and coatings sector are impacting the methyl acetate market growth
The use of methyl acetate helps boost aerosols' efficiency and other coatings that are moisture sensitive due to its low moisture-attraction tendency.
Methyl acetate is biodegradable, making industrial cleaners an environmentally friendly option. Focusing on manufacturing ecologically friendly goods has historically meant sacrificing the overall efficacy of the product. Methyl acetate can eliminate heavier contaminants while still protecting the atmosphere due to its excellent solvent activity and higher density.
Flexographic ink, which is primarily used for printing applications in the packaging industry, is driving the market demand. In nations such as India, China, Germany, and the US, the packaging industry is growing quickly due to the increasing popularity of internet trade and e-commerce and the increasing demand for shipment of doorstep commodities.
The high purity and low volatility offered by methyl acetate is increasing its use as solvent in paints and coatings. The growing construction sector across the globe is leading to an increased demand for paints and coating products.
Methyl acetate's potential to increase coating systems' shelf life and minimise product waste is an added advantage. This is primarily due to its low moisture-attraction tendency. Methyl acetate can also reduce the possibility of visual imperfections and defects in coatings applied under wet conditions.
Due to properties such as corrosion resistance, toughness, water resistance, heat resistance, and others, methyl acetate is increasingly used in the paint and coating industry. In several sectors, methyl acetate is extensively used as a solvent since methyl acetate may potentially substitute alcohols and ethers as an oxygenated fuel and combustion enhancer in terms of distillation, engine efficiency, and exhaust emission characteristics.
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“Global Methyl Acetate Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by End Use
Market Breakup by Region
Based on end use, paints and coatings account for a significant share of the market
The growth of the paints and coatings sector is driven by the rising construction activities, which includes both commercial and residential construction. The growth of the do-it-yourself sector across Europe, North America, and the Asia Pacific has propelled the market growth.
The personal care sector is witnessing significant growth resulted by the increasing disposable incomes and rising fashion awareness among a large portion of the population. The market growth is significantly influenced by the changing consumer preferences and hygienic lifestyles.
The manufacturers are focusing on expanding their production capabilities to meet the rising demand from diverse industries.
Celanese Corp., headquartered in the United States is a leading manufacturer of materials and chemicals that are used in products ranging from inks and paints to automotive and agricultural products to pharmaceuticals. The company makes acetic acid used in paints, ethylene vinyl acetate used in flexible packing and automotive parts, and acetate tow used in filtration.
It is a prominent chemical manufacturer with a focus on additives, chemical intermediates, advanced materials,...
Wacker Chemie was established in 1914 and is headquartered in Munich. It is a leading player and one of the wo...
Haihang Group, consisting of three wholly-owned subsidiaries, namely Haihang Industry Co., Ltd, Zhonglan Indus...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other notable players operating in the global methyl acetate market are BASF SE, Kishida Chemical Co., Ltd, Chang Chun Group, Vizag chemical, Henan GP Chemicals Co.,Ltd and IOL Chemicals and Pharmaceuticals Limited, among others.
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North America is one of the leading markets for methyl acetate in terms of production
North America is the second largest producer of methyl acetate, and it accounted for nearly 16% share of the global production in 2020. The production in North America has been significant, owing to the rising demand from the packaging industry.
A significant growth of the textile sector has propelled the demand for methyl acetate for printing applications in Germany. The growing demand for clothing, curtains, blanket and bedding, and upholstery, among others, has provided lucrative opportunities for the market growth.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a volume of 1,925.27 KMT in 2023.
The market is estimated to grow at a CAGR of 4.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 2,750.77 KMT by 2032.
The end uses include paints and coatings, adhesives, inks, personal care, and others.
The key regional markets for methyl acetate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The driving factors include the increasing use of methyl acetate in flexographic printing inks as photoresistor strippers, the rising demand for printing applications, and the expanding packaging sector.
The key market trends include the increasing manufacturing of foam-blowing agents and the significant growth of the e-commerce sector.
The key players in the market include Celanese Corporation, Eastman Chemical Co., Wacker Chemie AG, Haihang Industry Co., Ltd , BASF SE, Kishida Chemical Co., Ltd, Chang Chun Group, Vizag chemical, Henan GP Chemicals Co.,Ltd and IOL Chemicals and Pharmaceuticals Limited, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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