The global Methyl Acetate market produced a volume of about 1818 kmt in 2021. The industry is projected to grow at a CAGR of around 6.1% in the forecast period of 2022-2027 to manufacture a volume of about 2838 kmt by 2027.
The global Methyl Acetate industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The product is utilised as photoresistor strippers in flexographic printing inks; it is popular in flexographic inks since it allows the ink to dry fast during the printing process, which is driving the market growth. North America is the highest category spender by region, driving the demand for the Methyl Acetate industry.
Methyl acetate is a white colourless liquid, flammable liquid with a pleasant smell typically employed in low-toxic solvent goods, including paints, adhesives, and nail polish remover. Lacquer solvents, varnishes, paint removers, and other industrial uses have all used the chemical. The Methyl Acetate industry report comprises segments by end-use (Paints and Coatings, Inks, Personal Care Industry, Others) and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).
North America holds a significant share in the industry owing to the rising demand for methyl acetate from different end-use sectors in this area, including paints and coatings, adhesives and sealants, plastics, and textiles. The United States accounts for the largest share of the industry in the area.
The industry is being driven by the products used in various sectors. Its remarkable features, such as greater evaporation rate, superior solvent activity, rapid biodegradability, and low smell, make it useful in several sectors. It is employed to make flexographic ink, primarily utilised for printing applications in the packaging sector which is propelling the industry. In addition, the packaging sector is rapidly expanding in many countries, including India, China, Germany, and the United States, as online trading and e-commerce and increased demand for delivery of doorstep items give the market a further boost.
However, Methyl acetate can cause eye discomfort, dizziness, or tiredness in those who work in the methyl acetate processing industry, which is likely to act as a market restraint.
The global Methyl Acetate industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Methyl Acetate regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Methyl acetate is made in various ways; it is generated industrially through the carbonylation of methanol. Carbon monoxide substrates are carried together in these reactions. Methanol is incinerated with acetic acid in the existence of sulfuric acid to get methyl acetate. Methyl acetate may also be caused by esterifying acetic acid with methanol in the presence of strong acids like sulfuric acid. This procedure similarly utilises sulfuric acid as a catalytic agent.
The industry is witnessing growth as Methyl acetate has the capacity to replace industrial solvents as a component in paints and coating solutions due to these qualities. The need for methyl acetate-based paint and coating solutions increases as the construction, automotive, and aerospace sectors grow, furthering the industry growth. Furthermore, the demand for methyl acetate in manufacturing different types of foams such as rigid polyurethane (PU) foams, flexible PU foams, and inflexible extruded polystyrene (XPS) foams will rise in tandem with the demand for foam blowing agents. The increased manufacture of foam blowing agents will be a central element driving the methyl acetate market. The rapid increase of Methyl acetate is attributed to several variables, including the consumption of innovative personal care and cosmetics products created from methyl acetate by the youth population for grooming purposes.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
The global market for methyl acetate is fragmented.
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
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Methyl Acetate Market Analysis
8.1 Key Industry Highlights
8.2 Global Methyl Acetate Historical Market (2017-2021)
8.3 Global Methyl Acetate Market Forecast (2022-2027)
8.4 Global Methyl Acetate Market End Use
8.4.1 Paints and Coatings
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
8.4.3 Personal Care Industry
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.5 Global Methyl Acetate Market by Region
8.5.1 Market Share
22.214.171.124 North America
126.96.36.199 Asia Pacific
188.8.131.52 Latin America
184.108.40.206 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
220.127.116.11 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
18.104.22.168 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Celanese Corp. (NYSE: CE)
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
13.2.2 China Petrochemical Corp.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
13.2.3 Eastman Chemical Co. (NYSE: EMN)
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
13.2.4 Wacker Chemie AG (ETR: WCH)
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.3 Plant Machinery
2.4 Cost of Raw Material
2.9 Other Capital Investment
The global Methyl Acetate market produced a volume of about 1818 kmt in 2021.
In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 6.1%.
The significant demand for the commodity as a solvent is one of the essential drivers of the Methyl Acetate market growth.
Celanese Corp. (NYSE: CE), China Petrochemical Corp., Eastman Chemical Co. (NYSE: EMN), Wacker Chemie AG (ETR: WCH), and Others are a few of the major players in the market.
The North American region of the Methyl Acetate industry holds a significant share in the market.
The global Methyl Acetate market produced a volume of around 1818 kmt in 2021, driven by the products used in various sectors. Its remarkable features, such as greater evaporation rate, superior solvent activity, rapid biodegradability, and low smell, make it useful in several sectors. Aided by the product's capacity to replace industrial solvents as an ingredient in paints and coating solutions, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 6.1%. The market is projected to produce a volume of about 2838 kmt by 2027. Some of the leading players in the industry are Celanese Corp. (NYSE: CE), China Petrochemical Corp., Eastman Chemical Co. (NYSE: EMN), Wacker Chemie AG (ETR: WCH), and Others.
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