Methyl Acetate Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Chemicals and Materials | Delivery Format: PDF | Status: Forthcoming | Report ID: ARC525

Introduction

Methyl acetate is an acidic corrosive methyl ester or methyl ethanoate with the formula CH3COOCH3. Methyl acetate is often utilized as a solvent being pitifully polar and lipophilic. Methyl acetate is naturally found in apple and is a flavor enhancer. Methyl acetate derivation seems to be an ester incorporated from methanol and acidic corrosive in nearness to solid acids (say sulfuric corrosive) in an esterification response.

Market Dynamics

Growing applications of methyl acetate as a solvent in paints coupled with its deployment in nail polish removers and glues for various extractions and chemical reactions is poised to surge the market growth in coming years. Methyl acetate with the solubility of 25% is a non-polar and too weakly polar such as hydrophilic aprotic solvent. In the presence of various strong aqueous acids or bases methyl acetate loses its stability. The rapid technological advancements amongst the chemical industry has further led to this product majorly in developed regions such as in North America which has further contributed to market growth.

Market Classification and Overview

The global methyl acetate market can be segmented on the basis of type, application and geography. On the basis of type, the market is segmented into organic solvents and others. The organic solvent segment is projected to witness highest growth during the forecast period. On the basis of application, the market is segmented into coatings and paints, adhesives, foam forming agents, nail polish removers, and others. Nail polish removers segment is projected to account for the highest market share because of rising applications of methyl acetate in nail polish removers and is expected to continue its dominance throughout the forecast period. Based on geography, market is divided into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. North American manufacturers are more inclined towards utilizing unconventional production technologies and optimizing the usage of alternative energy sources which is further expected to drive the market growth.

Report Coverage

Market

Methyl Acetate Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Type, Application, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

Market Participants

Some of the major players in the global methyl acetate market include Wacker, Celanese, Anhui Wauwei Group, Eastman, Sichuan Chuanwei Group, Shanxi Sanwei Group, Sinochem Qingdao, Changzhi Huojia Industrial, Sinochem Plastic, Chang Chun Group, Zhangzhou Oushuo Chemical, and others.

Market Segmentation

Market By Type

o   Organic Solvents

o   Others

Market By Application

o   Resin

o   Coating and Paints

o   Adhesives

o   Foam Forming agent

o   Nail Polish Removers

o   Others

Market By Geography

·         North America

o   U.S.

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA

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