The methyl acetate market is expected to reach USD 388.5 million by 2030 from USD 228.0 million in 2025, at a CAGR of 7.9% during the forecast period. The reports 2025 research report offers an analytical view of the industry by studying different factors like methyl acetate market growth, consumption volume, Market Size, Revenue, Market Share, Market Trends, and industry cost structures during the forecast period from 2025 to 2030.
Methyl acetate is a fast-evaporating, low-toxicity solvent commonly used in coatings, adhesives, inks, pharmaceuticals, personal care, and flavoring. Increasing environmental regulations and the demand for safer, more sustainable alternatives to conventional solvents have accelerated its adoption across multiple industries. As per Canada’s Environmental Protection Act (CEPA), it has been evaluated for developmental toxicity potential via inhalation, especially in aerosol adhesives and paint strippers, necessitating exposure reduction considerations.
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The European Chemicals Agency (ECHA) classifies methyl acetate as REACH with flammability and health hazard classifications for safe handling in industries. It is a colorless, highly flammable liquid with a boiling point of approximately 57°C (134.6°F) and a molecular weight of 74.08 g/mol, according to the US NIST database. Its high safety features, combined with quick drying time, make it ideal for high-purity applications. In paints and coatings, methyl acetate enables rapid drying and excellent film formation, while in adhesives and sealants, it improves bond strength and processing efficiency. Its use in pharmaceuticals and cosmetics is bolstered by its favorable safety profile and compliance with stringent purity standards. The transition to bio-based production techniques and low-VOC formulations propels innovation in methyl acetate manufacturing. The primary catalyst for the market is the increasing demand for environmentally friendly solvents that provide superior performance while adhering to global environmental regulations.
90–99% purity to be the second-fastest-growing segment during the forecast period
The 90–99% purity segment is expected to be the second-fastest-growing segment in the methyl acetate market over the forecast period on the back of its ideal balance between cost-effectiveness and performance. The grade has widespread application in paints and coatings, adhesives, cleaning products, and intermediate chemical synthesis, where ultra-high purity is unnecessary but reproducible solvent quality is needed. Large-scale industrial applications find it appealing due to its relatively lower production costs, yet allowing it to meet performance and regulatory requirements. Construction, automotive, and general manufacturing applications demand methyl acetate usage, which will be instrumental in supporting this growth in emerging economies while relying on the increased adoption of VOC-compliant, eco-friendly solvents.
Industrial-grade methyl acetate to be the second-fastest-growing grade during the forecast period
The industrial-grade segment is expected to be the second-fastest-growing grade in the methyl acetate market during the forecast period, driven by its widespread use in paints and coatings, adhesives, inks, cleaning agents, and other general industrial applications. Valued for its strong solvency, quick evaporation rate, and cost efficiency, industrial-grade methyl acetate is well-suited for large-scale manufacturing processes where ultra-high purity is not required. Market expansion is also aided by increasing demand from the consumer goods, automotive, packaging, and construction industries, particularly in developing economies. Emerging economies are a central geographic consideration. Its applicability as a green alternative to traditional solvents and compliance with VOC regulations support greater uptake. Throughout the projection period, the growth potential of the industrial-grade market is expected to be bolstered by continuous improvements in manufacturing techniques and the pursuit of sustainable formulations.
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The Middle East & Africa to be the second-fastest-growing region during the forecast period
The Middle East & Africa is likely to be the second-fastest-growing market for methyl acetate over the forecast period, driven by industrialization, infrastructure growth, and rising investment in manufacturing industries. Large-scale construction projects, the expansion of the automotive industry, and urbanization all contribute to the growing demand for paints and coatings, adhesives, and packaging, which in turn drives up consumption. As the industrial output of countries such as South Africa, Saudi Arabia, and the United Arab Emirates increases significantly, flexible solvents such as methyl acetate are being adopted. Moreover, government programs to diversify the non-oil industry and the expansion of specialty chemicals will create additional markets. The area’s excellent location, facilitating strong trading links between Europe and Asia, as well as the rapid adoption of green formulations, should enable it to continue to grow at a strong rate in the short term.
The report profiles key companies, including BASF (Germany), Thermo Fisher Scientific Inc. (US), Merck KGaA (Germany), Celanese Corporation (US), Eastman Chemical Company (US), Sekisui Chemical Co., Ltd. (Japan), Wacker Chemie AG (Germany), Synthomer plc (UK), Anhui Wanwei Group Co., Ltd. (China), and Chang Chun Group (Taiwan).
BASF (Germany) is a prominent company in the chemical sector, providing innovative solutions in seven principal segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, Agricultural Solutions, and Others. The Chemicals division constitutes the cornerstone of the BASF Verbund, providing vital chemicals and intermediates for various industries. Materials specializes in high-performance polymers and monomers, whereas Industrial Solutions provides performance chemicals, dispersions, resins, and additives. Security segments are focused on automotive applications, and Surface Technologies offers coatings, catalysts, battery materials, and metal services. Agricultural Solutions helps in sustainable agriculture through crop protection, seeds, and digital technology, whereas Nutrition & Care contributes to sustainable solutions for personal care, nutrition, and health. The research and corporate functions segments are ancillary. Operating in 92 countries with 235 production sites, including six major Verbund sites in Germany, Belgium, the US, Malaysia, and China, BASF maintains a strong presence across North America, Asia Pacific, South America, Africa, and the Middle East.
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Thermo Fisher Scientific Inc. (US) is a world leader in helping science accelerate human discovery, industries advance healthcare, and society progress based on the increasing amount of data generated from these advancements. It operates in four business segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products & Biopharma Services. Life Sciences Solutions offers reagents, instruments, and consumables for research, drug discovery, vaccine manufacturing, and diagnostics. Analytical Instruments provides accurate instruments, consumables, software, and service for scientific and industrial use. Specialty Diagnostics provides diagnostic kits, reagents, culture media, instruments, and related products for healthcare, pharmaceutical, industrial, and food safety markets. Laboratory Products & Biopharma Services provides critical lab products, as well as outsourced pharmaceutical and biotech services, such as drug development, clinical research, trials, and commercial manufacturing. With 400 sites globally, offices, distribution centers, manufacturing facilities, and specialized facilities, Thermo Fisher provides integrated support for the biopharma lifecycle, helping customers make the world healthier, cleaner, and safer.
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