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Global Methyl Acetate Market Size, Share, Trends, Forecast: By End Use: Paints and Coatings, Inks, Personal Care, Adhesives, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Competitive Landscape; 2024-2032
Global Methyl Acetate Market Size
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.
Methyl Acetate Market Outlook
- 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.
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Methyl Acetate Market Growth
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.
Key Trends and Developments
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
Feb 18, 2021
Celanese Corporation declared force majeure under its sales contracts due to the adverse impact of extreme winter weather on Celanese’s operations and many of its suppliers and service providers in the Texas Gulf Coast. This is with respect to the products, including methyl acetate, and its customers in the Americas and EMEA.
Low attraction towards moisture
The use of methyl acetate helps boost aerosols' efficiency and other coatings that are moisture sensitive due to its low moisture-attraction tendency.
Environmental friendly characteristics
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.
Expanding packaging sector
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.
Growing paints and coatings sector
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.
Global Methyl Acetate Market Trends
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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Methyl Acetate Industry Segmentation
“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
- Paints and Coatings
- Adhesives
- Inks
- Personal Care
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Methyl Acetate Market Share
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.
Leading Methyl Acetate Market Manufacturers
The manufacturers are focusing on expanding their production capabilities to meet the rising demand from diverse industries.
Celanese Corporation
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.
Eastman Chemical Co.
It is a prominent chemical manufacturer with a focus on additives, chemical intermediates, advanced materials, and fibres. It supplies chemicals, fibres, plastics, rubber materials, polymers, and solvents to clients from diverse industries, globally.
Wacker Chemie AG
Wacker Chemie was established in 1914 and is headquartered in Munich. It is a leading player and one of the world’s most research-intensive chemical companies with a range of highly developed speciality products extends from silicones and polymeric binders and additives for several different industrial sectors, to bio-engineered pharmaceutical actives (biologics), and hyperpure silicon for semiconductor and solar applications.
Haihang Industry Co., Ltd
Haihang Group, consisting of three wholly-owned subsidiaries, namely Haihang Industry Co., Ltd, Zhonglan Industry Co., Ltd, and Xiaomifeng Supply Chain Co Ltd is a large manufacturer of fine chemical and cosmetic materials that integrates R&D, production, and sales. Besides, it is also one of the Top 50 Enterprises in Jinan City. The company was established in 1994 and restructured into a limited liability company in 1996.
Other notable players operating in the global methyl acetate market are Henkel AG & Co. KGaA, Bostik, Mapei SPA, Sika AG, Forbo NL Holding BV, Ardex GmbH, Flint Group, Sun Chemical Group, Huber Group, Siegwerk, Toyo, ALTANA Aktiengesellschaft, Sakata Inx Corporation, A.M. Ramp u. Co. GmbH, Zeller Gmelin, PPG Industries, RPM International Inc, Akzo Nobel N.V, and BASF SE, among others.
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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.
Key Highlights of the Report
| 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:
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| 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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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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Methyl Acetate Market Analysis
8.1 Key Industry Highlights
8.2 Global Methyl Acetate Historical Market (2018-2023)
8.3 Global Methyl Acetate Market Forecast (2024-2032)
8.4 Global Methyl Acetate Market End Use
8.4.1 Paints and Coatings
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Inks
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Personal Care
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Adhesives
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Methyl Acetate Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Methyl Acetate Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Methyl Acetate Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Methyl Acetate Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Methyl Acetate Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Methyl Acetate Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Celanese Corporation
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Eastman Chemical Co.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Wacker Chemie AG
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Haihang Industry Co., Ltd
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Henkel AG & Co. KGaA
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Bostik
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Mapei SPA
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Sika AG
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Forbo NL Holding BV
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Ardex GmbH
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Flint Group
17.2.11.1 Company Overview
17.2.11.2 Product Portfolio
17.2.11.3 Demographic Reach and Achievements
17.2.11.4 Certifications
17.2.12 Sun Chemical Group
17.2.12.1 Company Overview
17.2.12.2 Product Portfolio
17.2.12.3 Demographic Reach and Achievements
17.2.12.4 Certifications
17.2.13 Huber Group
17.2.13.1 Company Overview
17.2.13.2 Product Portfolio
17.2.13.3 Demographic Reach and Achievements
17.2.13.4 Certifications
17.2.14 Siegwerk
17.2.14.1 Company Overview
17.2.14.2 Product Portfolio
17.2.14.3 Demographic Reach and Achievements
17.2.14.4 Certifications
17.2.15 Toyo
17.2.15.1 Company Overview
17.2.15.2 Product Portfolio
17.2.15.3 Demographic Reach and Achievements
17.2.15.4 Certifications
17.2.16 ALTANA Aktiengesellschaft
17.2.16.1 Company Overview
17.2.16.2 Product Portfolio
17.2.16.3 Demographic Reach and Achievements
17.2.16.4 Certifications
17.2.17 Sakata Inx Corporation
17.2.17.1 Company Overview
17.2.17.2 Product Portfolio
17.2.17.3 Demographic Reach and Achievements
17.2.17.4 Certifications
17.2.18 A.M. Ramp u. Co. GmbH
17.2.18.1 Company Overview
17.2.18.2 Product Portfolio
17.2.18.3 Demographic Reach and Achievements
17.2.18.4 Certifications
17.2.19 Zeller Gmelin
17.2.19.1 Company Overview
17.2.19.2 Product Portfolio
17.2.19.4 Certifications
17.2.19.3 Demographic Reach and Achievements
17.2.20 PPG Industries
17.2.20.1 Company Overview
17.2.20.2 Product Portfolio
17.2.20.4 Certifications
17.2.20.3 Demographic Reach and Achievements
17.2.21 RPM International Inc
17.2.21.1 Company Overview
17.2.21.2 Product Portfolio
17.2.21.4 Certifications
17.2.21.3 Demographic Reach and Achievements
17.2.22 Akzo Nobel N.V
17.2.22.1 Company Overview
17.2.22.2 Product Portfolio
17.2.22.3 Demographic Reach and Achievements
17.2.22.4 Certifications
17.2.23 BASF SE
17.2.23.1 Company Overview
17.2.23.2 Product Portfolio
17.2.23.3 Demographic Reach and Achievements
17.2.23.4 Certifications
17.2.24 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Methyl Acetate Market: Key Industry Highlights, 2018 and 2032
2. Global Methyl Acetate Historical Market: Breakup by End Use (USD Million), 2018-2023
3. Global Methyl Acetate Market Forecast: Breakup by End Use (USD Million), 2024-2032
4. Global Methyl Acetate Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Methyl Acetate Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Methyl Acetate Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Methyl Acetate Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Methyl Acetate Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Methyl Acetate Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Methyl Acetate Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Methyl Acetate Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Methyl Acetate Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Methyl Acetate Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Methyl Acetate Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Methyl Acetate Market Forecast: Breakup by Country (USD Million), 2024-2032
16. North America Historical Price Trends and Forecast 2018-2032
17. Europe Historical Price Trends and Forecast 2018-2032
18. Asia Pacific Historical Price Trends and Forecast 2018-2032
19. Latin America Historical Price Trends and Forecast 2018-2032
20. Middle East and Africa Historical Price Trends and Forecast 2018-2032
21. Global Methyl Acetate Market Structure
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 , Henkel AG & Co. KGaA, Bostik, Mapei SPA, Sika AG, Forbo NL Holding BV, Ardex GmbH, Flint Group, Sun Chemical Group, Huber Group, Siegwerk, Toyo, ALTANA Aktiengesellschaft, Sakata Inx Corporation, A.M. Ramp u. Co. GmbH, Zeller Gmelin, PPG Industries, RPM International Inc, Akzo Nobel N.V, and BASF SE, among others.
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