The Market Reports

Synopsis
The global market for Methyl Acetate was estimated to be worth US$ 253 million in 2024 and is forecast to a readjusted size of US$ 476 million by 2031 with a CAGR of 8.1% during the forecast period 2025-2031.

Methyl acetate is a clear, colorless, neutral liquid with a mild, ester-like odor. It is one of the best solvents available. It is used predominantly for dyes and in the coatings, adhesives, cosmetics, plant-protection and pharmaceutical industries. It is occasionally used as a solvent, being weakly polar and lipophilic, but its close relative ethyl acetate is a more common solvent being less toxic and less soluble in water.

Global Methyl Acetate key players include Eastman, Wacker, Celanese, Anhui Wanwei Group, Sichuan Chuanwei Group, etc. Global top five players hold a share about 40%. China is the largest market, with a share about 55%, followed by Europe and North America, having a total share about 20 percent. In terms of product, Pure Methyl Acetate is the largest segment, with a share about 55%. And in terms of application, the largest application is Organic Solvent, followed by Intermediate, Cleaning agents, etc.

Market drivers

Industrialization drive
Global demand growth: Methyl acetate, as an important chemical raw material, is widely used in coatings, inks, adhesives and other fields. As the global industrialization process accelerates, its demand continues to grow.

The rise of emerging markets: Economic growth in developing countries (such as China and India) drives demand. The Asian market is growing fastest.

Environmental protection policy promotion
Low VOC advantage: Methyl acetate has low volatility, meets the requirements of environmental protection policies, and gradually replaces traditional harmful solvents (such as benzene and toluene).

Policy support: China's "14th Five-Year Plan for Ecological and Environmental Protection" promotes the application of environmentally friendly materials, and methyl acetate has penetrated deeper in coatings, detergents and other fields.

Technological innovation drive
Production process optimization: New processes (such as dimethyl ether carbonylation and reactive distillation) improve production efficiency and reduce costs.

This report aims to provide a comprehensive presentation of the global market for Methyl Acetate, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Methyl Acetate by region & country, by Type, and by Application.

The Methyl Acetate market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Methyl Acetate.

Market Segmentation

By Company

• Eastman
• Wacker
• Celanese
• Anhui Wanwei Group
• Sinopec Chongqing SVW Chemical
• Chang Chun Group
• Hunan Xiangwei Group
• Sinochem Qingdao
• Shanxi Sanwei Group
• Ruibai Group
• Zhangzhou Oushuo Chemical
• Changzhi Huojia Industrial
• Sinochem Plastic
• Segment by Type
• Pure
• Coarse

Segment by Application

• Organic Solvent
• Intermediate
• Cleaning agents
• Others

Segment by Region

• North America: United States, Canada, and Mexico
• Europe: United Kingdom, Germany, France, Spain, Italy, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
• Middle East & Africa: Saudi Arabia, South Africa, and Rest of MEA
• Latin America: Brazil, Argentina, and Rest of Latin America

*If you need a regional or country-specific version, or customized segmentation, we can tailor the report to your requirements.