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Report Overview
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.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- The properties like fast evaporation rate, mild odour, fast solvent release, and quick dry-to-touch time are driving the demand for methyl acetate in diverse applications.
- Being a non-HAP, non-ODS, and readily biodegradable solvent, methyl acetate can be used in blends to develop environmentally friendly cleaners.
- The growing construction projects including residential buildings, commercial complexes, and shopping malls, among others, drive the downstream demand for methyl acetate in adhesive and paints and coatings applications.
Methyl Acetate Market Analysis by Region
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.
Methyl Acetate Market Report Snapshots
Methyl Acetate Market Regional Analysis
*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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Key Questions Answered in the Report
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.
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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