Market Overview:
The global methyl acetate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for methyl acetate from various applications such as production solvents and cleaning solvents. In addition, the growing demand for methyl acetate from emerging countries is also contributing to the growth of this market. However, volatility in raw material prices may restrain the growth of this market during the forecast period.
Product Definition:
Methyl acetate is an organic compound with the formula CH3COOCH3. It is a colorless liquid that is slightly soluble in water and has a fruity odor. Methyl acetate is used as a solvent in paints, lacquers, and varnishes.
Purity(GC)%Greater than or equal to 99.5%:
Purity greater than or equal to 99.5% is used for manufacturing methyl acetate, which is an important industrial chemical used in the production of paints, coatings, and adhesives. The global market for methyl acetate is expected to witness significant growth over the forecast period owing to increasing demand from various end-use industries such as agriculture and automotive industries.
The major raw materials required for manufacturing methyl acetate are propylene.
Purity(GC)%Greater than or equal to 99.9%:
Purity(GC)%Greater than or equal to 99.9% is used in the manufacturing of methyl acetate. It is majorly manufactured using ethyl alcohol and acetic acid which are derived from crude oil.
Application Insights:
The production solvents segment dominated the global market in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to increasing demand for Methyl Acetate from various industries such as pharmaceuticals, paints & coatings, adhesives & sealants, and fragrance. Increasing use of methyl acetate in production of pesticides is also expected to drive product demand over the next eight years.
Cleaning solvents are anticipated to witness high consumption rates owing to their rising applications across several end-use industries such as automotive cleaning products, floor polishes/waxes/strips etc. Growing environmental awareness among consumers coupled with stringent regulations regarding waste disposal has resulted in increased usage of cleaning agents which include methyl acetate along with other compounds such as ethyl alcohol and glycols among others globally.
Regional Analysis:
Asia Pacific was the leading global market and accounted for over 45% of the total revenue in 2016. The region is expected to continue its dominance over the forecast period owing to rising product demand from various application segments, including production solvents and cleaning solvents. In addition, increasing number of manufacturing facilities by key companies in emerging economies such as China and India are anticipated to drive product demand in Asia Pacific.
The European market also contributed significantly towards consumption volume with major share held by Germany, which is one of Europe’s largest industrial economies. However, slow growth rate observed during past few years coupled with economic slowdown has resulted into sluggish industry expansion which may hamper future growth prospects for this segment; however it will recover soon due to growing automotive industry especially motor vehicle production in this region.
Growth Factors:
- Increasing demand from end-use industries such as paints and coatings, adhesives and sealants, printing inks, and automotive refinishings.
- Rising demand for methyl acetate in emerging countries such as China and India due to the growth of their economies and the increasing consumption of finished products.
- Growing use of methyl acetate as a solvent in various applications including pharmaceuticals, agrochemicals, flavors & fragrances, personal care products etc.
- Technological advancements that have led to the development of new applications for methyl acetate including its use as a fuel additive or component in biofuels
Scope Of The Report
Report Attributes
Report Details
Report Title
Methyl Acetate Market Research Report
By Type
Purity(GC)%Greater than or equal to 99.5%, Purity(GC)%Greater than or equal to 99.9%
By Application
Production Solvents, Cleaning Solvents
By Companies
DowDuPont, Shell Chemicals, LyondellBasell, Eastman Chemical, KH Neochem Co., Ltd, Shinko Organic Chemical, Dynamic INT'L, Jiangsu Hualun, Baichuan Stock, Yida, Ruijia Chemistry
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Methyl Acetate Market Report Segments:
The global Methyl Acetate market is segmented on the basis of:
Types
Purity(GC)%Greater than or equal to 99.5%, Purity(GC)%Greater than or equal to 99.9%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Production Solvents, Cleaning Solvents
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DowDuPont
- Shell Chemicals
- LyondellBasell
- Eastman Chemical
- KH Neochem Co., Ltd
- Shinko Organic Chemical
- Dynamic INT'L
- Jiangsu Hualun
- Baichuan Stock
- Yida
- Ruijia Chemistry
Highlights of The Methyl Acetate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Purity(GC)%Greater than or equal to 99.5%
- Purity(GC)%Greater than or equal to 99.9%
- By Application:
- Production Solvents
- Cleaning Solvents
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Methyl Acetate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Methyl acetate is a chemical compound with the formula CH3CO2H. It is a colorless liquid that has a fruity, vinegar-like odor. Methyl acetate is used in manufacturing various types of plastics and other materials.
Some of the major companies in the methyl acetate market are DowDuPont, Shell Chemicals, LyondellBasell, Eastman Chemical, KH Neochem Co., Ltd, Shinko Organic Chemical, Dynamic INT'L, Jiangsu Hualun, Baichuan Stock, Yida, Ruijia Chemistry.
The methyl acetate market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Methyl Acetate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Methyl Acetate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Methyl Acetate Market - Supply Chain
4.5. Global Methyl Acetate Market Forecast
4.5.1. Methyl Acetate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Methyl Acetate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Methyl Acetate Market Absolute $ Opportunity
5. Global Methyl Acetate Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Methyl Acetate Market Size and Volume Forecast by Type
5.3.1. Purity(GC)%Greater than or equal to 99.5%
5.3.2. Purity(GC)%Greater than or equal to 99.9%
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Methyl Acetate Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Methyl Acetate Market Size and Volume Forecast by Application
6.3.1. Production Solvents
6.3.2. Cleaning Solvents
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Methyl Acetate Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Methyl Acetate Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Methyl Acetate Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Methyl Acetate Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Methyl Acetate Demand Share Forecast, 2019-2026
9. North America Methyl Acetate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Methyl Acetate Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Methyl Acetate Market Size and Volume Forecast by Application
9.4.1. Production Solvents
9.4.2. Cleaning Solvents
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Methyl Acetate Market Size and Volume Forecast by Type
9.7.1. Purity(GC)%Greater than or equal to 99.5%
9.7.2. Purity(GC)%Greater than or equal to 99.9%
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Methyl Acetate Demand Share Forecast, 2019-2026
10. Latin America Methyl Acetate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Methyl Acetate Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Methyl Acetate Market Size and Volume Forecast by Application
10.4.1. Production Solvents
10.4.2. Cleaning Solvents
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Methyl Acetate Market Size and Volume Forecast by Type
10.7.1. Purity(GC)%Greater than or equal to 99.5%
10.7.2. Purity(GC)%Greater than or equal to 99.9%
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Methyl Acetate Demand Share Forecast, 2019-2026
11. Europe Methyl Acetate Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Methyl Acetate Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Methyl Acetate Market Size and Volume Forecast by Application
11.4.1. Production Solvents
11.4.2. Cleaning Solvents
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Methyl Acetate Market Size and Volume Forecast by Type
11.7.1. Purity(GC)%Greater than or equal to 99.5%
11.7.2. Purity(GC)%Greater than or equal to 99.9%
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market AttractivenessGrowth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Methyl Acetate Demand Share, 2019-2026
12. Asia Pacific Methyl Acetate Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Methyl Acetate Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Methyl Acetate Market Size and Volume Forecast by Application
12.4.1. Production Solvents
12.4.2. Cleaning Solvents
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Methyl Acetate Market Size and Volume Forecast by Type
12.7.1. Purity(GC)%Greater than or equal to 99.5%
12.7.2. Purity(GC)%Greater than or equal to 99.9%
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Methyl Acetate Demand Share, 2019-2026
13. Middle East & Africa Methyl Acetate Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Methyl Acetate Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Methyl Acetate Market Size and Volume Forecast by Application
13.4.1. Production Solvents
13.4.2. Cleaning Solvents
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Methyl Acetate Market Size and Volume Forecast by Type
13.7.1. Purity(GC)%Greater than or equal to 99.5%
13.7.2. Purity(GC)%Greater than or equal to 99.9%
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Methyl Acetate Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Methyl Acetate Market: Market Share Analysis
14.2. Methyl Acetate Distributors and Customers
14.3. Methyl Acetate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. DowDuPont
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shell Chemicals
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. LyondellBasell
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Eastman Chemical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. KH Neochem Co., Ltd
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shinko Organic Chemical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dynamic INT'L
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Jiangsu Hualun
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Baichuan Stock
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Yida
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ruijia Chemistry
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
