Methyl Acetate Market Size, Share, Trends, Growth Outlook

Methyl Acetate Market is estimated to increase at a growth rate of 8.3% CAGR over the forecast period from 2024 to 2030.

The Methyl Acetate Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Type (High purity, Low purity), By End-User (Paints and coatings, Inks, Personal care, Others).

 

An Introduction to Methyl Acetate Market in 2024

The Methyl Acetate market is witnessing steady growth in 2024, driven by its applications across coatings, adhesives, solvents, and chemical intermediates industries. Methyl acetate, a colorless liquid with a fruity odor, serves as a low-toxicity solvent and alternative to traditional volatile organic compounds (VOCs) in various industrial applications. Market dynamics are influenced by factors such as regulatory restrictions on VOC emissions, environmental concerns, and the demand for eco-friendly and sustainable chemical alternatives. Moreover, technological advancements in production processes, raw material availability, and competitive pricing further shape market trends and supply chain dynamics in the methyl acetate market, fostering sustainability and innovation in chemical manufacturing and downstream applications.

 

Methyl Acetate Market Trend: Increasing Demand for Environmentally Friendly Solvents

A prominent trend in the Methyl Acetate Market is the increasing demand for environmentally friendly solvents. With growing environmental concerns and regulatory pressures, industries are seeking solvents that offer low toxicity, biodegradability, and low VOC (volatile organic compound) emissions. Methyl acetate, a versatile solvent with excellent solvency properties and low environmental impact, is gaining popularity as a green solvent alternative in various applications including coatings, adhesives, paints, and cleaning products. This trend reflects the industry's commitment to sustainability and environmental responsibility, driving the adoption of methyl acetate as a preferred solvent choice in numerous sectors.

Methyl Acetate Market Driver: Growth in Coatings and Paints Industry

A key market driver for the Methyl Acetate Market is the growth in the coatings and paints industry. Methyl acetate is widely used as a solvent in the formulation of paints, coatings, and lacquers due to its fast evaporation rate, excellent film-forming properties, and low odor characteristics. The driver is fueled by factors such as urbanization, infrastructure development, and increasing demand for architectural coatings in construction and renovation projects. As construction activities expand globally and demand for high-performance coatings rises, the demand for methyl acetate as a solvent in the coatings and paints industry is expected to increase, supporting market growth in the methyl acetate market.

Methyl Acetate Market Opportunity: Expansion into Pharmaceutical and Personal Care Applications

An opportunity in the Methyl Acetate Market lies in the expansion into pharmaceutical and personal care applications. Methyl acetate is recognized as safe for use in pharmaceutical formulations, cosmetics, and personal care products. It is used as a solvent, carrier, and propellant in various pharmaceutical preparations, fragrances, and aerosol sprays. By targeting the pharmaceutical and personal care industries, methyl acetate manufacturers can diversify their customer base and tap into new market segments with high-value applications. By providing high-quality methyl acetate for use in pharmaceuticals, cosmetics, and personal care products, companies can capitalize on the growing demand for safe and compliant ingredients in the healthcare and beauty sectors, while also contributing to innovation and product development in these industries.
 

Methyl Acetate Market Segmentation

By Type

• High purity
• Low purity
• By End-user
• Paints and coatings
• Inks
• Personal care
• Others

Geographical Analysis

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• South America (Brazil, Argentina, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
   

Methyl Acetate Market Companies

• Alpha Chemika
• Anhui Wanwei Group Co. Ltd
• Central Drug House Pvt. Ltd
• Chang Chun Group
• China Petrochemical Corp
• Choice Organochem LLP
• Eastman Chemical Co.
• EuroChem Group AG
• Gayatri Industries
• Henan Haofei Chemical Co. Ltd
• Jiangsu Ruifeng Polymer Materials Co. Ltd
• Otto Chemie Pvt. Ltd
• RXChemicals
• Shanxi Sanwei Group Co. Ltd
• Sinochem Group Co. Ltd
• Solventis Ltd
• Sontara Organo Industries
• Wacker Chemie AG
• Zhengzhou Meiya Chemical Products Co. Ltd

*List not exhaustive

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TABLE OF CONTENTS

1 Introduction to 2024 Methyl Acetate Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Methyl Acetate Market Size Outlook, $ Million, 2021 to 2030
3.2 Methyl Acetate Market Outlook by Type, $ Million, 2021 to 2030
3.3 Methyl Acetate Market Outlook by Product, $ Million, 2021 to 2030
3.4 Methyl Acetate Market Outlook by Application, $ Million, 2021 to 2030
3.5 Methyl Acetate Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Methyl Acetate Market Industry
4.2 Key Market Trends in Methyl Acetate Market Industry
4.3 Potential Opportunities in Methyl Acetate Market Industry
4.4 Key Challenges in Methyl Acetate Market Industry

5 Market Factor Analysis
5.1 Competitive Landscape
5.1.1 Global Methyl Acetate Market Share by Company (%), 2023
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Methyl Acetate Market Outlook By Segments
7.1 Methyl Acetate Market Outlook by Segments
By Type
High purity
Low purity
By End-user
Paints and coatings
Inks
Personal care
Others

8 North America Methyl Acetate Market Analysis And Outlook To 2030
8.1 Introduction to North America Methyl Acetate Markets in 2024
8.2 North America Methyl Acetate Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Methyl Acetate Market size Outlook by Segments, 2021-2030
By Type
High purity
Low purity
By End-user
Paints and coatings
Inks
Personal care
Others

9 Europe Methyl Acetate Market Analysis And Outlook To 2030
9.1 Introduction to Europe Methyl Acetate Markets in 2024
9.2 Europe Methyl Acetate Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Methyl Acetate Market Size Outlook By Segments, 2021-2030
By Type
High purity
Low purity
By End-user
Paints and coatings
Inks
Personal care
Others

10 Asia Pacific Methyl Acetate Market Analysis And Outlook To 2030
10.1 Introduction to Asia Pacific Methyl Acetate Markets in 2024
10.2 Asia Pacific Methyl Acetate Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Methyl Acetate Market size Outlook by Segments, 2021-2030
By Type
High purity
Low purity
By End-user
Paints and coatings
Inks
Personal care
Others

11 South America Methyl Acetate Market Analysis And Outlook To 2030
11.1 Introduction to South America Methyl Acetate Markets in 2024
11.2 South America Methyl Acetate Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Methyl Acetate Market size Outlook by Segments, 2021-2030
By Type
High purity
Low purity
By End-user
Paints and coatings
Inks
Personal care
Others

12 Middle East And Africa Methyl Acetate Market Analysis And Outlook To 2030
12.1 Introduction to Middle East and Africa Methyl Acetate Markets in 2024
12.2 Middle East and Africa Methyl Acetate Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Methyl Acetate Market size Outlook by Segments, 2021-2030
By Type
High purity
Low purity
By End-user
Paints and coatings
Inks
Personal care
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Alpha Chemika
Anhui Wanwei Group Co. Ltd
Central Drug House Pvt. Ltd
Chang Chun Group
China Petrochemical Corp
Choice Organochem LLP
Eastman Chemical Co.
EuroChem Group AG
Gayatri Industries
Henan Haofei Chemical Co. Ltd
Jiangsu Ruifeng Polymer Materials Co. Ltd
Otto Chemie Pvt. Ltd
RXChemicals
Shanxi Sanwei Group Co. Ltd
Sinochem Group Co. Ltd
Solventis Ltd
Sontara Organo Industries
Wacker Chemie AG
Zhengzhou Meiya Chemical Products Co. Ltd

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

Methyl Acetate Market Segmentation

By Type

• High purity
• Low purity
• By End-user
• Paints and coatings
• Inks
• Personal care
• Others

Geographical Analysis

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• South America (Brazil, Argentina, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)