Udeesha Tomar
AVP - Strategy and Solutions
Leading procurement research solutions across chemicals, materials, and food & beverages, with expertise in price forecasting and market analytics.
Methyl Acetate Price Trend Analysis 2026: Latest News, Historical Prices, Market Insights, Supply Demand Analysis & Price Drivers
Written ByUdeesha Tomar
Methyl Acetate Price Trend Q1 2024
In the first quarter of 2024, methyl acetate exhibited varying performance in the Asian markets, particularly in China, where prices inched up, complimenting the inclines in the other major regional markets of India. The fluctuations in the Asian methyl acetate sector were primarily owed to the variations in its feedstock markets, namely, methanol and acetic acid.
Methanol saw a surge in prices during this time as the crude oil industry climbed up concurrently. The acetic acid market, on the other hand, was largely stable, thus providing some balance to the upstream outlook of methyl acetate. The trade situations found themselves spurred by rising global energy and crude oil prices amid geopolitical tensions in Europe and the Middle East. The situation was exacerbated by OPEC+'s pricing strategies in response to disruptions caused by conflicts and production cuts in key member countries like Russia and Iraq.
These developments had a ripple effect across the petrochemical industry, injecting mixed sentiments into the market. Moreover, in Europe, methyl acetate prices saw consolidation, influenced by geopolitical upheavals coupled with sluggish downstream demands. Overall, a complex interplay of supply chain disruptions and global market pressures shaped the pricing and availability of methyl acetate during the period.
Analyst Insight
According to Procurement Resource, Methyl Acetate price is likely to continue varying in the coming months. Given the current macroeconomic indicators, trade sentiments will be further affected globally.
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About Methyl Acetate
Methyl acetate is an organic compound, a colorless, volatile liquid with a pleasant odor, commonly used as a solvent. It is known for its quick evaporation and is used in paints, coatings, adhesives, and the pharmaceutical industry. Methyl acetate is also employed in the production of cosmetics and personal care products and serves as an extraction solvent in food processes. Its production mainly involves the esterification of acetic acid with methanol, and it is considered a less toxic alternative to more hazardous solvents.
Methyl Acetate Product Detail
Hs Code
29153940
Chemical Formula
CH3COOCH3
Cas Number
79-20-9
Molecular Weight
74.08 g/mol
Industrial Uses
Solvent in Paints and Coatings, Adhesives and Sealants Production, Pharmaceutical Manufacturing, Printing and Packaging Industry, Cosmetics and Personal Care Products, Chemical Synthesis, Flavor and Fragrance Industry
Supplier Database
Eastman Chemical Company, Wacker Chemie AG, Celanese Corporation, Anhui Wanwei Group Co. Ltd., Sichuan Chuanwei Group Co. Ltd, Chang Chun Group, China Haohua Chemical Group Co Ltd, Sinochem Qingdao Co., Ltd, Shanxi Sanwei Group Co., Ltd.
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Methyl Acetate Production Process
- Methyl Acetate Production by esterification of methanol with acetic acid.
The synthesis begins with the chemical reaction of methanol with acetic acid. The reaction is carried out in the presence of a strong acid catalyst. In this reaction, sulfuric acid catalyzes the reaction, which results in the formation of methyl acetate as the end product.
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