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Report Overview

The global methyl acetate market reached a volume of 1,925.27 KMT in 2024. It is estimated to grow at a CAGR of 4.1% between 2025 and 2034 to reach a volume of 2750.77 KMT in 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

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.

Global Methyl Acetate Market

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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

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.

Global Methyl Acetate Market

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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 ...

Wacker Chemie AG

Wacker Chemie was established in 1914 and is headquartered in Munich. It is a leading player and one...

Haihang Industry Co., Ltd

Haihang Group, consisting of three wholly-owned subsidiaries, namely Haihang Industry Co., Ltd, Zhon...

*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.

Global Methyl Acetate Market

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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.

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Methyl Acetate Market Report Snapshots

Methyl Acetate Market Size

Methyl Acetate Market Growth

Methyl Acetate Market Trends

Methyl Acetate Market Share

Methyl Acetate Manufacturers

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 2024.

The market is estimated to grow at a CAGR of 4.1% between 2025 and 2034.

The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach a volume of 2,750.77 KMT by 2034.

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.

Report Summary

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.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • End Use
  • Region
Breakup by End Use
  • Paints and Coatings
  • Inks
  • Personal Care
  • Adhesives
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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
  • IOL Chemicals and Pharmaceuticals Limited,
  • Others.
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