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.
Unlike other acetate derivatives, it is occasionally used in the formulation of solvents because of its non-polar nature. Commercially, there are two types of grades available in the market, i.e., industrial and cosmetic grades. Industrial grade are generally used in the formulation of coating solutions, resins and adhesives, whereas cosmetic grade is used in the formulation of personal care products.
Similarly, this is available in grades with different purity level, prominent manufacturers are focusing in the formulation of high-purity grade methyl acetate with increased efficacy such as fast evaporation that finds suitable usage in the formulation of paint & ink solutions. High purity grade also finds application in the formulation of moisture sensitive paints.
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Methyl Acetate Market: Drivers and Restraints
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.
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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
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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