Methyl Acetate Companies

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 methyl acetate market is growing due to its greater adoption in paints & coatings, adhesives, pharmaceuticals, inks, personal care, and other sectors. Its high evaporation rate, low toxicity, and environmentally friendly properties make it an appealing substitute for harmful solvents like toluene and acetone. Methyl acetate is exempt from VOCs under US EPA regulations due to its low photochemical reactivity, making it usable in areas with high air quality standards. OSHA, NIOSH, and ACGIH suggest an occupational limit of exposure of 200 ppm (610 mg/m³) as an 8-hour time-weighted average for safe handling in industries.

Methyl acetate is predominantly synthesized through the esterification of methanol and acetic acid, and its low surface tension, high volatility, and extensive miscibility facilitate several industrial applications. Regulatory compliance encompasses TSCA (US), EINECS (European Union), DSL (Canada), and AICS (Australia). The use of sustainable materials in the last few decades has become more significant; hence, the development of safe and biodegradable materials contributes to the global emergence of industrial sustainability.

Methyl Acetate Companies

The demand for methyl acetate is mainly met by global players manufacturing for various applications. The major players in the methyl acetate market with a significant global presence are BASF (Germany), Thermo Fisher Scientific Inc. (US), Merck KGaA (Germany), Celanese Corporation (US), and Eastman Chemical Company (US). The market players have adopted various strategies, such as expansions, partnerships, collaborations, mergers, and acquisitions, to strengthen their position in the methyl acetate market.

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In May 2025, BASF plans to acquire DOMO Chemicals' 49% stake in the Alsachimie joint venture, aiming for full ownership by mid-2025.

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.

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.

Merck KGaA (Germany) is a leading global manufacturer and supplier to the life sciences industry, delivering cutting-edge solutions and services that empower research, development, and production across biotechnology and pharmaceutical therapeutics. The company operates through the following segments: Healthcare, Life Science, and Electronics. The life science sector offers various products, solutions, and CDMO services to help with global research, diagnostics, and biopharmaceutical manufacturing. The healthcare sector provides a wide range of drugs in oncology, neurology, immunology, fertility, and metabolic disorders, ensuring global patient access despite market barriers. The electronics industry is critical to the semiconductor value chain, providing advanced materials, metrology equipment, and services for the fabrication of high-performance chips, particularly in AI and high-performance computing. The company sells Methyl Acetate under the MilliporeSigma brand, which combines the Merck Millipore and Sigma-Aldrich product lines. Merck KGaA operates 87 global sites, fostering innovation in the Life Science, Healthcare, and Electronics sectors.

Celanese Corporation (US) is a multinational chemical and specialty materials enterprise, acknowledged as one of the foremost manufacturers of acetyl compounds and high-performance tailored polymers globally. Serving a wide range of end-use markets, including automotive, electronics, medical, and industrial adhesives. Celanese operates in three segments: Engineered Materials, Acetyl Chain, and Other Activities. The engineering materials segment provides high-performance polymers, compounds, and elastomers such as nylon, POM, PBT, UHMW-PE, LFRT, LCP, TPE, TPV, and specialty EVA copolymers for demanding applications in automotive, medical, industrial, energy storage, electronics, and consumer markets. Innovation is driven by global projects. The acetyl chain segment, via a globally integrated production network, supplies an extensive array of acetyl intermediates and downstream derivatives, including acetic acid, vinyl acetate monomer (VAM), emulsions, EVA polymers, redispersible powders, solvents, and acetate tow, to fulfill diverse end-use applications in paints, coatings, adhesives, textiles, pharmaceuticals, and packaging. The other activities sector oversees non-segment financial elements such as pension expenses and merger-related costs, delivers centralized corporate services, and manages worldwide risk via captive insurance operations. The company operates 56 manufacturing facilities across Asia, Europe, and North America.

Eastman Chemical Company (US) is a specialty materials provider focused on improving the quality of life with sustainable and innovative solutions. Its businesses are organized into four main segments: Advanced Materials (AM), Additives & Functional Products (AFP), Chemical Intermediates (CI), and Fibers. The Additives & Functional Products (AFP) segment consists of specialized additives and functional products that improve product performance in multiple end-use markets such as personal care, water treatment, transportation, and agriculture. The advanced materials (AM) sector offers high-performance polymers, plastics, and films designed for demanding applications in transportation, electronics, construction, consumer products, and healthcare. The Chemical Intermediates (Cl) segment provides essential building-block chemicals at competitive prices, benefiting both Eastman's specialty products and global industrial markets. The fibers segment provides cellulose-based fibers and filtering media for textiles, cigarette filters, and industrial applications, utilizing extensive expertise and vertical integration. Eastman has 36 manufacturing facilities and holds equity interests in three manufacturing joint ventures throughout 12 countries, supplying products to customers globally.

MARKET RANKING

The methyl acetate market is fragmented, with the top companies, BASF (Germany), Thermo Fisher Scientific Inc. (US), Merck KGaA (Germany), Celanese Corporation (US), and Eastman Chemical Company (US), accounting for 20-25% of the global share. BASF provides high-purity methyl acetate for special chemical, coatings, and adhesive uses, while Thermo Fisher provides lab-grade and pharma-grade grades for production and research applications. Merck KGaA produces ultra-high-purity methyl acetate for use in analytical and life sciences applications. Celanese is a major producer, incorporating methyl acetate into its processes for the acetyl chain for industrial uses. At the same time, Eastman offers tailor-made formulations for coatings, inks, and personal care products.

Related Reports:

Methyl Acetate Market by Grade (Industrial grade, Pharmaceutical grade, and Food grade), Purity (≥ 99% Purity, 90–99% Purity, and < 90% purity), Sales Channel (Direct and Indirect), End-use Industry, and Region – Global Forecast to 2030