Latest News - Methyl Acetate Market: High purity is expected to lead the Type segment during 2025-2029

The Methyl Acetate Market is being driven by Increasing demand for methyl acetate in paints and coatings industry

The Methyl Acetate Market is expected to grow at a CAGR of 4.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 14714.6 million. Methyl acetate is a vital ingredient in the manufacturing process of eco-friendly flexible packaging materials, thereby holding significant importance in the packaging industry. The escalating consumer trend towards sustainable packaging solutions is driving the demand for methyl acetate. This biodegradable solvent boasts low Volatile Organic Compound (VOC) emissions, making it an alluring choice for manufacturers aiming to adhere to sustainable packaging regulations and minimize their carbon footprint. Furthermore, methyl acetate's exceptional film-forming properties make it a preferred option for coatings, adhesives, and inks utilized in packaging materials. Its effective bonding and strong adhesion ensure robust packaging solutions that meet the industry's durability standards. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • High purity
  • Low purity
• Application
  • Paints and coatings
  • Inks
  • Personal care
  • Others
• End-user
  • Chemical manufacturing
  • Pharmaceuticals
  • Automotive
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for methyl acetate in paints and coatings industry
• Rise in production of foam-blowing agents
• Increasing use of methyl acetate in food industry

However, the market also witnesses some limitations, which are as follows:

• Increasing awareness of health hazards of methyl acetate
• Stringent regulations on use of methanol
• Supply-demand imbalance for methyl acetate

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Market Scope in Methyl Acetate Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

Methyl acetate, also known as methyl ethanoate and CH3COOCH3, is an organic compound with a colorless liquid and fragrant odor. It is a flammable, saturated hydrocarbon with the chemical formula C4H8O2. Methyl acetate is used in various industries, including paints and coatings due to its low VOC contents. In personal care and cosmetics, it is found in products like perfumes, shampoos, and cosmetics for grooming, particularly those for the eyes. Exposure to methyl acetate may cause dizziness and drowsiness. It is derived from natural sources such as fruits like bananas, grapes, and apples, but is also produced industrially through the reaction of methanol and acetic acid.

Market Research Overview

The global diversified chemicals industry encompasses businesses producing a broad spectrum of chemical products, excluding those categorized as industrial gases, commodity chemicals, specialty chemicals, or fertilizers and agricultural chemicals. According to Technavio's market analysis, the expansion of this market is primarily driven by robust demand from emerging economies such as China, Brazil, Indonesia, and India. Manufacturers of diversified chemicals are increasingly relocating their operations to these countries due to favorable government initiatives, affordable labor, ample land availability, and reduced transportation costs. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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