Trend to go organic to determine the growth of Methyl Acetate Market

Methyl Acetate Market: Introduction
Methyl acetate an organic compound falls under the category of saturated hydrocarbons, which has a chemical formula of CH3COOCH3. Commercially, this compound is also available with a name of acetic acid methyl ester and methyl ethanoate. In terms of physical appearance, it is colorless liquid having fragrant odor. Some more properties of methyl acetate is that it is a flammable liquid and shows limited solubility with water at a room temperature. However, at elevated temperature the solubility of this with water increases. Methyl acetate is present in fruits, such as banana, grapes and apple, as a flavoring ingredient. However, on commercial level, it is prepared by the esterification reaction, where acetic acid reacts with methanol in the presence of strong acid giving this as a final product.

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Methyl Acetate Market: Dynamics
Methyl acetate finds its usage in numerous industries due to its exceptional properties such as better evaporation rate, exceptional solvent activity, readily biodegradable, low odor and others. With these properties it has a potential to replace commercial solvents as an ingredient in paints & coating solutions.

As the construction, automobile & aerospace industries are expanding the demand for paint & coating solutions based on this is growing significantly. Furthermore, regulations imposed by the governments in North America and Europe on the usage of solvents having low VOC content drives the attention of coating and paint manufacturers to use biocompatible solvents such as methyl acetate for coating formulations.

Also, numerous factors such as consumption of novel personal care & cosmetic products formulated from this by the youth population for grooming purpose are involved in propelling the growth of this market.

However, some unwanted properties associated with this such as it causes irritation to eyes, dizziness or drowsiness to the people working in the processing of this may act as a stumbling block in the adoption of this & restrain its growth in the near future.

Methyl Acetate Market: Segmentation
On the basis of Grade Type
Cosmetic Grade
Industrial Grade
On the basis of Purity
High Purity > 99.5%
Low Purity (80%)
On the basis of Application
Resins
Coating & Paint
Adhesives
Foam Foaming Agent
Cosmetic & personal Care
Others

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Methyl Acetate Market: Regional Outlook
North America which is driven by the U.S. and Canada, this market witnesses strong growth in the near future. Growing application of coating and paints in numerous number of industries increases the demand for it in the region.

Western Europe methyl acetate market shows steady growth in the near future, which is driven by the positive economic condition coupled with effective supply channel of the final products. The APEJ market is mainly driven by China and India and is expected to exhibit considerable growth in consumption.

Rapid rate of urbanization and increase in consumer spending on personal care products drives the cosmetic and personal care industry in the region. Expansion of the automotive industry especially in China & India is anticipated to increase the demand for innovative coating solutions based on methyl acetate.

Other regions such as Latin America, Eastern Europe and the Middle East & Africa are the attractive regions for the manufacturers in order to establish their manufacturing base due to favorable conditions, owing to which the demand for this is anticipated to grow with a substantial pace in these regions.

Methyl Acetate Market: Key Players
Examples of some of the market participants in this global market identified across the value chain include:
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.
Jiangsu Ruifeng Polymer Materials Co., Ltd
Zhangzhou Oushuo Chemical
Changzhi Huojia Industrial
Sinochem Plastics Co., Ltd

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This release was published on openPR.