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Global Methyl Acetate Market to be Driven by Rising Product Demand from the Printing Industry in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Methyl Acetate Market Price, Trends, Growth, Analysis, Outlook, Report and Forecast 2021-2026’, gives an in-depth analysis of the global methyl acetate market, assessing the market based on its segments like end use and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/methyl-acetate-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

• Forecast CAGR (2021-2026): 10%

Methyl acetate finds extensive uses in various industries. It is used in a variety of industries due to its exceptional properties such as higher evaporation rate, superior solvent activity, readily biodegradability, and low odour. Because of these characteristics, methyl acetate has the ability to substitute industrial solvents as an ingredient in paints and coating solutions. As the buildingautomotive, and aerospace industries rise, so does the demand for methyl acetate-based paint and coating solutions. Various government regulations in the developed regions requiring the use of low VOC solvents push the coating and paint manufacturers to use biocompatible solvents such as methyl acetate in coating formulations, further propelling the growth of the demand in the industry.

Industry Definition and Major Segments

Methyl acetate refers to a carboxylate ester with the formula CH3COOCH3. It is also known as MeOAc, acetic acid methyl ester, or methyl ethanoate. It is a flammable liquid with a good odour reminiscent of certain glues and nail polish removers.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/methyl-acetate-market

Based on end use, the industry can be divided into:

• Paints and Coatings
• Inks
• Personal Care Industry
• Others

The regional industries can be categorised as follows:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The increasing use of methyl acetate as a solvent in paints, as well as its use in nail polish removers and glues for various extractions and chemical reactions, is expected to drive market growth in the coming years. Rapid technological developments in the chemical industry have also resulted in this commodity being sold mostly in developed regions, which has contributed to the market growth. The rising automotive production and construction activities throughout the world will further propel the demand for methyl acetate from the paints and coatings industry.

Key Market Players

The major players in the market are Celanese Corp. (NYSE: CE), China Petrochemical Corp., Eastman Chemical Co. (NYSE: EMN), and Wacker Chemie AG, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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