한글목차

세계의 포름산메틸 시장은 화학 합성, 전자, 제약, 식품 및 음료, 자동차 시장에서의 기회로 인해 미래가 기대되는 시장입니다. 세계 포름산메틸 시장은 2025-2031년 연평균 복합 성장률(CAGR) 3.7%를 보일 것으로 예측됩니다. 이 시장의 주요 성장 요인은 용매 응용 분야에 대한 수요 증가, 화학 합성 분야에서 수요 증가, 농약 분야에서의 채택 증가 등입니다.

• Lucintel의 예측에 따르면 형태별로는 가스가 예측 기간 중 높은 성장률을 보일 것으로 예측됩니다.
• 용도별로는 화학 합성 분야가 가장 높은 성장률을 보일 것으로 예측됩니다.
• 지역별로는 아시아태평양(APAC)이 예측 기간 중 가장 높은 성장률을 보일 것으로 예측됩니다.

포름산메틸 시장의 새로운 동향

포름산메틸 시장은 진화하는 산업적 요구와 환경적 요인, 화학 합성 기술의 발전으로 인해 급격하게 변화하고 있습니다. 포름산메틸과 관련된 생산, 응용 및 전체 시장 역학은 업계의 새로운 동향에 따라 재구성되고 있습니다. 여기에는 지속가능한 제조 공정에서의 역할 확대와 첨단 기술에서의 새로운 용도가 포함됩니다. 시장은 보다 전문적이고 효율적이며 친환경적인 솔루션으로 전환하고 있습니다. 이러한 변화를 이해하는 것은 새로운 기회를 활용하고 화학 산업의 변화에 적응하고자 하는 이해관계자들에게 매우 중요합니다.

• 리튬이온 배터리 생산에서의 응용 확대: 눈에 띄는 신흥 동향으로 리튬이온 배터리 생산에서 포름산메틸의 활용 확대가 있습니다. 포름산메틸은 전극, 분리막, 전해질 등 다양한 배터리 부품의 제조에 중요한 용매 역할을 합니다. 무독성, 건조를 빠르게 하는 휘발성, 물에 대한 용해성으로 인해 빠르게 성장하는 이 산업에 적합한 특성을 가지고 있습니다. 전기자동차 및 에너지 저장 장치의 세계 보급에 따른 리튬이온 배터리 수요는 주로 고순도 등급의 포름산메틸에 대한 중요한 새로운 시장 부문을 창출하고 있습니다.
• 환경 친화적인 용매로의 전환 : 시장에서는 환경 친화적이고 저독성 용매로의 강력한 전환이 진행되고 있으며, 포름산메틸은 더 위험한 기존 용매의 대안으로 선호되는 대안으로 자리 매김하고 있습니다. 환경 규제가 강화되고 기업의 지속가능성에 대한 관심이 높아지면서 각 산업계는 보다 친환경적인 화학 솔루션을 적극적으로 모색하고 있습니다. 비교적 낮은 독성과 우수한 생분해성 등 포름산메틸의 특성은 페인트, 코팅제, 접착제, 세정제 등 다양한 용도에서 매력적인 선택이 되고 있으며, 이는 산업 공정 전반에서 환경 부하를 줄이고 안전한 작업 환경을 구현하려는 전 세계적인 노력에 부합합니다.
• 제약 합성에서의 사용 확대: 제약 산업에서는 제약 합성에서 용매 및 반응 매체로서의 다양한 특성으로 인해 포름산메틸에 대한 수요가 증가하고 있습니다. 무독성, 비휘발성, 수용성 등의 특성으로 인해 특히 의약품 유효성분 제조에 있으며, 안전하고 효과적인 선택이 되고 있습니다. 신약 개발 및 의료비 증가에 따른 세계 제약 부문의 지속적인 성장은 특히 엄격한 품질 기준을 충족하는 고순도 포름산메틸에 대한 수요를 직접적으로 창출하고 있습니다.
• 폴리우레탄 발포제로서의 성장: 포름산메틸은 최근 폴리우레탄(PU) 폼 제조 공정에서 발포제로도 인정받고 있습니다. 이러한 추세는 기존 대체품에 비해 지구 온난화 계수가 낮은 친환경 발포제에 대한 수요에 힘입은 것입니다. 폴리우레탄 폼은 단열재, 가구, 포장재 등 다양한 용도로 널리 사용되고 있습니다. 자동차 산업과 건축 산업이 지속적으로 확대되면서 에너지 절약형 단열재에 대한 관심이 높아짐에 따라 PU 폼 수요가 확대되고 주요 원료인 메틸포름산 수요도 견인할 것으로 예측됩니다.
• 바이오 생산 기술 개발: 새로운 동향으로 떠오르고 있는 것이 바이오 포름산메틸 생산 기술 연구개발입니다. 여기에는 화석연료 유래 원료에 대한 의존도를 낮추고, 지속가능한 원료와 친환경적인 화학적 경로를 이용한 포름산메틸 생산 기술 연구가 포함됩니다. 아직은 개발중인 동향이지만, 바이오 순환 경제와 저탄소발자국 원칙에 부합하는 비즈니스 모델을 지향한다는 점에서 화학 산업 전반의 동향과 공통점이 있습니다. 바이오 포름산메틸의 상업적 성공은 산업계가 환경적 책임과 그린 케미컬에 대한 대응을 중시하는 미래에 그 입지를 더욱 확고히 하는 데 크게 기여할 수 있습니다.

이러한 새로운 동향은 포름산메틸의 적용 범위 확대, 환경적 평가 향상, 제조 공정의 혁신 촉진을 통해 시장 자체를 변화시키고 있습니다. 리튬이온 배터리 생산에 대한 기여도가 높아지고 있는 것은 급성장하는 신산업에서 그 중요성을 입증하고 있습니다. 청정 용매로의 전환과 제약 분야에서의 사용 확대는 그 안전성과 범용성을 입증하고 있습니다. 또한 발포제로서의 부상과 바이오 생산 경로에서 분자로서의 확립으로 포름산메틸은 다양한 분야에서 지속가능하고 중요한 화학 중간체로서 자리매김하고 있습니다. 이러한 추세들이 결합되어 더욱 활기차고 지속가능한 시장을 형성하고 있습니다.

포름산메틸 시장의 최근 동향

포름산메틸 시장에서는 범용 화학 중간체 및 용매로서의 지위가 변화하고 있음을 보여주는 몇 가지 중요한 최근 추세를 볼 수 있습니다. 이러한 추세는 다운스트림 용도의 요구 사항 변화, 원자재 가격 변동, 그리고 보다 친환경적이고 생산성이 높은 제조 공정에 대한 관심 증가로 인해 가장 자주 추진되고 있습니다. 지역별 수급 균형의 변화부터 유용성을 확대하기 위한 기술 혁신에 이르기까지 시장은 경제 상황과 기술 발전에 끊임없이 적응하며 세계 무역 패턴과 경쟁 구도에 영향을 미치고 있습니다. 이러한 발전은 이 중요한 화학 시장의 현재와 미래 동향을 이해하는 데 중요한 열쇠가 될 것입니다.

• 수급 동향의 변동: 최근 중요한 동향으로, 포름산메틸의 세계 수급 동향에 눈에 띄는 변동이 있었습니다. 2025년 초, 원료 메탄올의 원가 안정과 폴리우레탄, 포름산 등 분야의 안정적인 수요로 인해 일부 지역에서는 균형 잡힌 시장이 형성되었습니다. 그러나 이후 저가 수입품의 유입과 특정 최종 사용 분야 수요 감소로 인해 가격 하락이 발생하는 등 상황이 바뀌었습니다. 한편, 의약품, 농약 등 급성장 분야의 견고한 수요가 재고 흡수에 기여하면서 소비와 공급의 균형이 지역에 따라 크게 좌우되는 민감한 균형 상태를 보였습니다.
• 원료 가격 변동의 영향: 현재 추세는 특히 메탄올을 비롯한 원료 가격 변동이 포름산메틸 시장에 미치는 강력한 영향을 반영하고 있습니다. 메탄올은 주요 원료 중 하나이기 때문에 가격 설정은 포름산메틸 생산 비용에 직접적인 영향을 미치는 경향이 있습니다. 메탄올 가격이 하락하는 시기에는 제조업체가 저렴한 비용으로 포름산메틸을 생산할 수 있으므로 포름산메틸 가격의 하락 압력을 받는 경우가 많습니다. 그러나 메탄올 가격의 급등은 강세장 심리를 부추길 수 있습니다. 이러한 원자재 가격에 대한 의존도는 시장을 안정시키고 생산자에게 수익성을 높이는 데 있으며, 여전히 지배적인 요소로 작용하고 있습니다.
• 제약 및 농약 산업에서의 용도 확대: 최근 지속적으로 증가하는 추세는 제약 및 농약 분야에서의 포름산메틸 채용 확대입니다. 용매 및 화학 중간체로서의 특성으로 인해 의약품 합성 및 살충제, 제초제, 살균제 제조에 매우 유용합니다. 전체 시장의 변동에도 불구하고 이들 분야 수요는 종종 견고하게 유지되는 경우가 많아 시장에 일정한 안정성을 가져다줍니다. 이러한 지속적인 관심은 고순도, 고효율의 화학 원료를 끊임없이 찾는 성장 산업에서 포름산메틸이 전략적인 역할을 하고 있다는 것을 입증합니다.
• 새로운 애플리케이션 개발, 특히 리튬이온 배터리 분야 : 또 다른 중요한 최근 동향은 리튬이온 배터리 제조에 포름산메틸메틸의 사용으로 주목도가 높아지고 있다는 점입니다. 전기자동차 및 에너지 저장 산업이 급속히 확대되면서 리튬이온 배터리에 대한 수요가 급증하고 있습니다. 포름산메틸은 전극, 분리막, 전해질 등 배터리 재료의 제조에 무독성, 휘발성, 수용성 용매로 사용되어 새로운 큰 성장 경로를 개발하고 있습니다. 이 새로운 용도는 시장을 확대하고 새로운 수요 영역을 창출하고 있습니다.
• 물류 문제 및 공급망 혼란: 현재 상황은 물류 문제와 공급망 혼란이 포름산메틸 시장에 지속적으로 영향을 미치고 있다는 점도 강조하고 있습니다. 해상 운임 상승, 항만 혼잡, 악천후 등의 문제가 지역 간 수출입의 원활한 흐름에 영향을 미치고 있습니다. 이러한 혼란은 수요를 지원하는 펀더멘털이 있음에도 불구하고 출하 지연과 운송 비용 상승으로 이어져 전체 시장 모멘텀에 영향을 미칠 수 있습니다. 시장 진출기업은 원활한 유통과 안정적인 공급을 보장하기 위해 이러한 공급망의 복잡성을 관리해야 합니다.

이러한 새로운 추세와 결합하여 포름산메틸 시장은 더욱 복잡하고 역동적인 상황을 만들어내고 있습니다. 원자재 가격 동향에 좌우되는 불안정한 수급의 상호 작용이 지역 시장 동향을 지배하고 있습니다. 제약 및 농약 분야의 안정적이고 증가하는 수요가 견고한 기반이 되는 한편, 리튬이온 배터리 제조와 같은 신규 및 고성장 분야로의 응용 도입은 시장 다변화의 기회를 제공합니다. 그러나 계속되는 물류 문제는 공급망의 회복력을 시험하는 과제이며, 시장 관계자들이 변화하는 환경을 성공적으로 헤쳐나가기 위해서는 적응력과 계획성이 필수적입니다.

목차

제1장 개요

제2장 시장 개요

• 배경과 분류
• 공급망

제3장 시장 동향과 예측 분석

• 업계 촉진요인과 과제
• PESTLE 분석
• 특허 분석
• 규제 환경

제4장 세계의 포름산메틸 시장 : 형상별

• 매력 분석 : 형상별
• 액체
• 기체

제5장 세계의 포름산메틸 시장 : 원료별

• 매력 분석 : 원료별
• 메탄올
• 일산화탄소

제6장 세계의 포름산메틸 시장 : 용도별

• 매력 분석 : 용도별
• 화학 합성
• 일렉트로닉스
• 제약
• 식품 및 음료
• 자동차
• 기타

제7장 지역 분석

제8장 북미의 포름산메틸 시장

• 북미의 포름산메틸 시장 : 형상별
• 북미의 포름산메틸 시장 : 용도별
• 미국의 포름산메틸 시장
• 멕시코의 포름산메틸 시장
• 캐나다의 포름산메틸 시장

제9장 유럽의 포름산메틸 시장

• 유럽의 포름산메틸 시장 : 형상별
• 유럽의 포름산메틸 시장 : 용도별
• 독일의 포름산메틸 시장
• 프랑스의 포름산메틸 시장
• 스페인의 포름산메틸 시장
• 이탈리아의 포름산메틸 시장
• 영국의 포름산메틸 시장

제10장 아시아태평양의 포름산메틸 시장

• 아시아태평양의 포름산메틸 시장 : 형상별
• 아시아태평양의 포름산메틸 시장 : 용도별
• 일본의 포름산메틸 시장
• 인도의 포름산메틸 시장
• 중국의 포름산메틸 시장
• 한국의 포름산메틸 시장
• 인도네시아의 포름산메틸 시장

제11장 기타 지역(ROW)의 포름산메틸 시장

• ROW의 포름산메틸 시장 : 형상별
• ROW의 포름산메틸 시장 : 용도별
• 중동의 포름산메틸 시장
• 남미의 포름산메틸 시장
• 아프리카의 포름산메틸 시장

제12장 경쟁 분석

• 제품 포트폴리오 분석
• 운영 통합
• Porter's Five Forces 분석
• 시장 점유율 분석

제13장 기회와 전략 분석

• 밸류체인 분석
• 성장 기회 분석
• 세계의 포름산메틸 시장의 새로운 동향
• 전략 분석

제14장 밸류체인에서 주요 기업의 개요

• 경쟁 분석
• Evonik Industries
• Lanxess
• Solvay
• Celanese Corporation
• Albemarle
• Perstorp
• BASF
• Eastman Chemical Company
• Merck
• Sumitomo Chemical Company

제15장 부록

영문목차

The future of the global methyl formate market looks promising with opportunities in the chemical synthesis, electronics, pharmaceutical, food & beverage, and automotive markets. The global methyl formate market is expected to grow with a CAGR of 3.7% from 2025 to 2031. The major drivers for this market are the increasing demand for solvent applications, the growing need in chemical synthesis, and the rising adoption in agricultural chemicals.

• Lucintel forecasts that, within the form category, gas is expected to witness higher growth over the forecast period.
• Within the application category, chemical synthesis is expected to witness the highest growth.
• In terms of region, APAC is expected to witness the highest growth over the forecast period.

Emerging Trends in the Methyl Formate Market

The methyl formate market is changing dramatically due to evolving industrial needs and environmental factors, as well as advancements in chemical synthesis. Production, application, and overall market dynamics relating to methyl formate are being reshaped by emerging trends in the industry. These include increasing roles in sustainable manufacturing processes, as well as novel applications in more advanced technologies. The market is gravitating towards more specialized, efficient, and environment-friendly solutions. Understanding these shifts is crucial for stakeholders aiming to leverage new opportunities and adapt to the changing landscape of the chemical industry.

• Growing Application in Lithium-Ion Battery Production: A significant emerging trend is the increasing application of methyl formate in the production of lithium-ion batteries. Methyl formate serves as a crucial solvent in the manufacturing of various battery components, including electrodes, separators, and electrolytes. Its non-toxic character, volatility that makes dry fast, and solubility in water make it suitable for this rapidly growing industry. The demand for lithium-ion batteries due to the global proliferation of electric vehicles and energy storage devices is creating a significant new market segment for methyl formate primarily at high purity grades.
• Move to Green Solvents: The market is witnessing a strong shift towards the use of eco-friendly and low-toxicity solvents, positioning methyl formate as a preferred alternative to more hazardous conventional solvents. With increasing environmental regulations and corporate sustainability initiatives, industries are actively seeking greener chemical solutions. Methyl formate's properties, including its relatively low toxicity and good biodegradability, make it an attractive choice for various applications in paints, coatings, adhesives, and cleaning agents, aligning with the global push for reduced environmental impact and safer working conditions across industrial processes.
• Increased Use in Pharmaceutical Synthesis: The pharmaceutical industry is showing an increasing demand for methyl formate due to its versatile properties as a solvent and reaction medium in drug synthesis. Its non-toxic, volatile, and water-miscible characteristics make it a safe and effective choice for various pharmaceutical applications, particularly in the production of active pharmaceutical ingredients. The continuous growth in the pharmaceutical sector worldwide, which is brought on by new drug developments and increased health spending, directly gives demand to methyl formate, especially its high-purity grades, which are required for strong quality standards.
• Growth as Blowing Agent in Polyurethane Foams: Methyl formate is also finding acceptance lately as a blowing agent during the process of polyurethane (PU) foam production. This trend is driven by the demand for more environmentally friendly blowing agents that have a lower global warming potential compared to traditional alternatives. Polyurethane foams are widely used in various applications such as insulation, furniture, and packaging. As the automotive and building industries keep expanding, coupled with an emphasis on energy-efficient insulation, demand for PU foams will expand, in turn driving the demand for methyl formate as a major ingredient.
• Development of Bio-based Production Techniques: One trend emerging and building momentum is research and development in bio-based production techniques for methyl formate. This includes research into sustainable feedstocks and greener chemical pathways for producing methyl formate, relying less on fossil fuel-derived raw materials. Although a yet emerging trend, it shares with the broader chemical industry its business model orienting itself towards principles of the bio-circular economy and low carbon footprint. Commercial success of bio-based methyl formate can significantly be beneficial in further positioning it for a future where industries consider their actions to be accountable to environmental responsibility or through green chemistry.

These new trends are essentially transforming the methyl formate market by expanding its applications, increasing its environmental popularity, and forcing innovation in manufacturing. Its increasing contribution to lithium-ion battery production underscores its significance in new, fast-growing industries. The move towards clean solvents and greater use in pharmaceuticals highlights its safety and versatility. In addition, its emergence as a blowing agent and as a molecule for bio-based production routes establishes methyl formate as an increasingly sustainable and vital chemical intermediate across sectors. Together, these trends define a more vibrant and sustainable market.

Recent Developments in the Methyl Formate Market

The methyl formate market has seen a number of significant recent trends, indicative of its changing status as a general-purpose chemical intermediate and solvent in a wide range of industries. These trends are most often driven by shifting downstream application requirements, feedstock price volatility, and increasing focus on more environmentally friendly and productive manufacturing processes. From shifts in regional supply-demand balances to innovations aimed at expanding its utility, the market is continually adapting to economic conditions and technological advancements, influencing global trade patterns and competitive landscapes. These advancements are key to understanding the current state and future trajectory of this important chemical market.

• Fluctuations in Supply and Demand Dynamics: A key recent development has been the notable fluctuations in global supply and demand dynamics for methyl formate. In early 2025, some regions experienced balanced markets due to stable feedstock methanol costs and consistent demand from sectors like polyurethane and formic acid. However, later periods saw shifts, with an influx of cheaper imports or subdued demand from certain end-use sectors leading to price declines. On the other hand, solid demand from fast-expanding sectors such as pharmaceuticals and agrochemicals assisted in taking up some inventory, demonstrating a sensitive and usually region-dependent equilibrium between consumption and availability.
• Effect of Feedstock Price Volatility: Current trends reflect the powerful influence of feedstock price volatility, especially methanol, on the methyl formate market. Since methanol is one of the key raw materials, its pricing tends to directly affect the cost of producing methyl formate. During times when methanol prices fall, methyl formate can be manufactured at a reduced cost by manufacturers, often meaning pressure on methyl formate prices to go down. However, high methanol costs can work in favor of bullish market sentiment. This reliance on feedstock prices continues to be a dominant element in what makes the markets stable and profitable for producers.
• Rising Application in Drug and Agrochemical Industries: A consistent and growing recent development is the increasing adoption of methyl formate in the pharmaceutical and agrochemical sectors. Its properties as a solvent and chemical intermediate make it highly valuable in drug synthesis and the production of pesticides, herbicides, and fungicides. Despite broader market fluctuations, demand from these sectors has often remained firm, providing a level of stability to the market. This ongoing interest underscores methyl formate's strategic function in industries that are continuously expanding and demanding high-purity, efficient chemical inputs.
• Development of New Uses, Specifically Lithium-Ion Batteries: Another key recent event is the appearance and increasing visibility of methyl formate's use in lithium-ion battery production. With the electric vehicle and energy storage industries expanding at lightning speed, demand for lithium-ion batteries is skyrocketing. Methyl formate's use as a non-toxic, volatile, and water-soluble solvent in the production of battery materials like electrodes, separators, and electrolytes is developing a large new growth channel. This new use is spreading the market and adding to new demand areas.
• Logistical Issues and Supply Chain Disturbances: Current developments have also emphasized the continued impact of logistical issues and supply chain disturbances on the methyl formate market. Challenges like high ocean freight rates, congestion at ports, and adverse weather conditions have affected the free flow of imports and exports across regions. Such disruptions may result in delays in shipments, higher transport costs, and influence overall market momentum, despite fundamentals underpinning demand. Such supply chain complexities need to be managed by market participants to ensure free distribution and consistent supplies.

These new trends are collectively influencing the methyl formate market to generate a more intricate and dynamic climate. The interaction of volatile supply and demand, dominated by the pattern of feedstock prices, governs regional market moods. The stable and increasing demand from pharmaceuticals and agrochemicals serves as a steady foundation, while the introduction of new, high-growth applications such as lithium-ion battery manufacturing presents extensive diversification. Yet, ongoing logistics problems continue to challenge supply chain resilience, as adaptability and planning become necessary for market players to navigate and succeed in this changing environment.

Strategic Growth Opportunities in the Methyl Formate Market

The Methyl Formate market offers several strategic growth opportunities across the various applications, driven by the changing industrial needs, environmental changes, and technological advancements. As global industries seek more efficient, greener, and high-performance chemical solutions, methyl formate's unique properties present an edge for expansions. These opportunities are based on the improved demand resulting from traditional sectors and on new applications, providing much-felt routes for market participants to innovate, specialize, and capture value.

• Pharmaceutical Industry as A Growth Driver: Pharmaceutical industry represents one of the most strategic areas for growth for methyl formate. High-purity methyl formate acts as an important solvent and a reaction medium in the synthesis of numerous APIs and drug intermediates. The global pharmaceutical industry is continuously growing due to the rise in health care expenditure, new drug development, and generic drug manufacturing. Continuous demand for high-purity methyl formate will be seen end. Strategic focus should involve ensuring consistent quality and supply chain reliability to meet the stringent requirements of pharmaceutical manufacturers, thereby leveraging this high-value application.
• Expanding Role in Lithium-Ion Battery Manufacturing: A burgeoning strategic growth opportunity lies in the expanding role of methyl formate in lithium-ion battery production. As the electric vehicle (EV) market and renewable energy storage solutions rapidly scale up, the demand for lithium-ion batteries is soaring. Methyl formate's applicability as a non-toxic, volatile, and water-soluble solvent for many battery constituents (electrodes, separators, electrolytes) makes it a critical chemical input. Investment in research and development to maximize its application in battery production processes and having close partnerships with battery manufacturers can release tremendous market share in this high-growth industry.
• Growing Acceptance as an Environmental-Friendly Blowing Agent: The increasing use of methyl formate as an environmentally friendly blowing agent in PU foam production is a significant strategic growth opportunity. With the increasing regulations that advocate the replacement of traditional blowing agents with high global warming potential, methyl formate is already proven to be a viable, environmentally conscious means of achieving this goal. As the construction, insulation, and automotive industries continue to demand PU foams for their lightweight and insulating properties, the demand for methyl formate will naturally rise. Market players can capitalize on this by promoting its environmental benefits and ensuring competitive pricing for foam manufacturers.
• Growth in Agrochemical Formulations: The agrochemical industry continues to offer a stable and growing strategic opportunity for methyl formate. It is widely used as an intermediate in the production of various pesticides, herbicides, and fungicides, as well as a fumigant for pest control. The global need for increased food production and crop protection, especially in emerging economies, drives sustained demand for agrochemicals. Strategic emphasis needs to focus on delivering efficient supply chains for the volume-driven market and innovation in formulations that improve the efficacy and environmental profile of agrochemical products with methyl formate.
• Versatile Solvent in Coatings and Adhesives: Methyl formate's versatility as a solvent in the coatings, paints, and adhesives industries represents an ongoing strategic growth opportunity. Its favorable properties, such as high volatility and strong solvency power, make it suitable for formulations requiring fast evaporation and efficient dissolution. As these industries seek to meet stricter volatile organic compound (VOC) regulations and develop more eco-friendly products, methyl formate's lower toxicity and better environmental profile make it an attractive alternative. Focusing on customization and technical support for formulators can solidify market presence in these diverse application areas.

These strategic growth opportunities are having a profound effect on the methyl formate market by stimulating specialization and innovation through its value chain. Pharmaceuticals are asking for high purity, secure supply, while the lithium-ion battery production is creating a new, high-growth application. The need for environmentally friendly solutions is broadening its use as a blowing agent and solvent in coatings and adhesives, and the agrochemical industry continues to provide stable demand. This application-based growth is forcing the market to become more diversified. Manufacturers must create products and services tailored to provide precise needs of such key industries.

Methyl Formate Market Driver and Challenges

The methyl formate market operates in a complex environment, shaped by various interconnected technological, economic, and regulatory factors. Its trajectory is propelled by several key drivers, predominantly stemming from its utility in burgeoning industries and a global shift towards more sustainable chemical solutions. However, the market also grapples with significant challenges, including volatile raw material costs and intense competition, which can constrain its growth. A comprehensive analysis of these drivers and challenges is vital for stakeholders to effectively navigate the market, capitalize on emerging opportunities, and mitigate potential risks.

The factors responsible for driving the methyl formate market include:

1. Increasing Demand from the Pharmaceutical Industry: A significant driver for the Methyl Formate market is the continuous and increasing demand from the global pharmaceutical industry. Methyl formate is a crucial solvent and intermediate in the synthesis of various active pharmaceutical ingredients (APIs) and fine chemicals. Its low toxicity, high volatility, and water miscibility make it ideal for sensitive pharmaceutical processes. The ongoing growth in drug development, expansion of generic drug manufacturing, and rising healthcare expenditures globally consistently fuel the demand for high-purity methyl formate, making it a stable and high-value application.

2. Growing Application in Lithium-Ion Battery Production: The rapidly expanding lithium-ion battery market, driven by the global transition to electric vehicles and increased demand for energy storage solutions, is a major driver for methyl formate. Methyl formate serves as a vital solvent in the manufacturing of key battery components like electrodes, separators, and electrolytes. Its unique properties are highly beneficial for the efficiency and safety of battery production processes. This emerging application represents a substantial new growth area, diversifying methyl formate's demand base and linking its market growth to the booming clean energy sector.

3. Shift Towards Eco-Friendly and Low-Toxicity Solvents: The global shift towards eco-friendly and low-toxicity solvents is a powerful driver for the methyl formate market. With increasingly rigorous environmental regulation and the increasingly popular movement of green chemistry, industries are looking for safer and a more sustainable alternative to traditional hazardous solvents. The relatively low toxicity, good biodegradability, and favorable environmental profile of methyl formate are reasons for its more extensive applications for coatings, adhesives, and cleaning products, leading to increased usage as a preferred solvent in environmentally conscious manufacturing processes.

4. Strategic Growth of Polyurethane Foam Industry: The continuous expansion of the polyurethane foam industry is another key driver for methyl formate. Methyl formate is increasingly used as an environmentally friendly blowing agent in the production of polyurethane foams, which are vital components in construction (insulation), automotive (seating, interiors), and furniture sectors. As these downstream industries experience growth, driven by urbanization, infrastructure development, and consumer demand, the consumption of methyl formate as a blowing agent directly rises. This trend is reinforced by the industry's need for blowing agents with lower global warming potential.

5. Utility as an Intermediate in Chemical Synthesis: Methyl formate's basic usage as an intermediate for the production of many other chemicals, including formic acid, N,N-dimethylformamide (DMF), and formamide, constitutes the most fundamental driving force behind markets. The derivative chemicals have widely diversified applications in various products that find use in agriculture (formic acid in animal feed, agrochemicals), textiles, and other solvents. Thus, increasing demand for these downstream chemicals inherently increases the demand for methyl formate as their fundamental precursor. This role as a chemical building block gives a stable demand base for the market.

Challenges in the methyl formate market are:

1. Volatility of Raw Material Prices: The most critical challenge facing the Methyl Formate market is raw material price volatility, especially methanol and formic acid. Since these are main feedstocks, market price volatility of the same determines the cost of methyl formate production. Unpredictable swings in feedstock costs can squeeze profit margins for manufacturers and make long-term planning difficult. This reliance on a limited number of raw materials, whose prices are often influenced by global oil and gas markets, creates inherent instability and uncertainty within the methyl formate supply chain.

2. Competition from Substitute Products: The Methyl Formate market faces competition from substitute products in various applications. For example, as a solvent or a blowing agent, there can be other chemicals available with similar properties, perhaps at a lower price or with other performance characteristics. Such competition can restrict methyl formate's share in specific markets and put downward pressure on prices. Manufacturers must continuously innovate and emphasize methyl formate's unique advantages, such as its low toxicity and favorable environmental properties, to maintain competitiveness against these substitutes.

3. Regulatory Scrutiny and Safety Concerns: While generally considered a low-toxicity solvent, methyl formate is a highly flammable liquid, which poses regulatory scrutiny and safety concerns regarding its storage, handling, and transportation. Strict regulations related to flammability and hazardous chemical management can increase operational costs for producers and users, requiring specialized infrastructure and safety protocols. Despite its positive environmental profile in some aspects, managing the inherent flammability risk remains a challenge, potentially limiting its widespread adoption in certain applications or regions with extremely stringent safety mandates.

Strong drivers for this Methyl Formate market include rising demand in pharmaceutical and lithium-ion battery industries, a global trend towards eco-friendly solvents, and the burgeoning expansion of the polyurethane foam sector, which is thereby also confirmed by its basic role in chemical synthesis. Simultaneously, it faces major challenges, such as instability in the prices of raw materials, severe competition from substitute products, and the inherent regulatory and safety concerns due to flammability. The future growth trajectory of the market, however, will depend on its capacity to leverage unique advantages and diversify into high-growth applications while effectively managing the economic and safety hurdles through continuous innovation and strategic supply chain management.

List of Methyl Formate Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies methyl formate companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the methyl formate companies profiled in this report include-

• Evonik Industries
• Lanxess
• Solvay
• Celanese Corporation
• Albemarle
• Perstorp
• BASF
• Eastman Chemical Company
• Merck
• Sumitomo Chemical Company

Methyl Formate Market by Segment

The study includes a forecast for the global methyl formate market by form, source, application, and region.

Methyl Formate Market by Form [Value from 2019 to 2031]:

• Liquid
• Gas

Methyl Formate Market by Source [Value from 2019 to 2031]:

• Methanol
• Carbon Monoxide

Methyl Formate Market by Application [Value from 2019 to 2031]:

• Chemical Synthesis
• Electronics
• Pharmaceuticals
• Food & Beverages
• Automotive
• Others

Country Wise Outlook for the Methyl Formate Market

The methyl formate market is under going dynamic changes by virtue of its multi-purpose applications in a range of sectors such as pharmaceuticals, agrochemicals, and polyurethanes. Current trends depict increasing focus on sustainable manufacturing practices, advancements in technology for enhancing efficiency, and a multidimensional interaction of supply and demand forces based on feedstock prices as well as the state of the global economy. As companies look for more environmentally benign solvents and chemical intermediates, methyl formate's mild toxicity and desirable characteristics are playing into its new role in the chemical market. The international market is therefore facing both promise for growth and issues of cost and regional market volatility.

• United States: In the US, the Methyl Formate market witnessed a weakly bullish Q1 2025 start, but switched to bearish by the quarter-end. Prices started firm, bolstered by well-balanced supply-demand equilibria and steady feedstock methanol prices. Demand was healthy in markets such as agrochemicals and pharmaceuticals. However, a softening in methanol prices that occurred later in the quarter and subdued off-take from rubber and plastics put a downward pressure. Additionally, cheaper imports and cautious behavior among buyers owing to uncertainty placed another downward pressure on the prices toward the end of Q1 2025, though prices trended higher compared with the preceding Q4 2024.
• China: China Methyl Formate market in Q1 2025 witnessed a price hike of 6.3% over the last quarter, although the trend shifted. Prices in January increased on account of strong demand for polyurethane, formic acid, and dimethylformamide segments, combined with increasing methanol prices. The market, however, picked up pace by February with balanced supply-demand. There was a bearish trend in March owing to weak demand prior to the end of the fiscal year and sufficient supply, although there were small logistical issues. There were port congestions, specifically at Shanghai-Ningbo and Qingdao, which affected supply chain efficacy, although fundamentals were largely stable.
• Germany: The German Methyl Formate market, and that of Europe overall, showed a weak upward trend throughout Q1 2025, with prices increasing by 3.9% from the preceding quarter. The quarter kicked off in a positive note in January due to higher transport prices, supply chain tights caused by Red Sea disruptions, and strong demand from agricultural as well as recovering formic acid segments. But by February, market conditions were normalized, and the bearish trend set in during March as downstream demand softened, methanol prices softened, and industrial activity decelerated, causing prices to drop despite early-quarter upticks.
• India: India's Methyl Formate market saw its price drop towards the end of May 2025, on account of surplus feedstock methanol and strong inventories among sellers. Although sector demand from units such as dimethylformamide and formic acid remained firm, the sheer availability of stock prompted sellers to quote minor discounts. Offtake demand from pharma and agrochemicals absorbed some of the stock, but the surge overpowered demand. The "Make in India" drive and expansion in chemicals and agrochemicals keep demand on the go, but prevailing supply dynamics dictate prices.
• Japan: The Methyl Formate market, which forms part of the larger Asian market, reported steady prices in late March and early April 2025 in Japan, mainly because of end-financial year closing and steady production expenses. Demand from agrochemicals remained strong, ensuring stability, although demand from bulk drug producers eased. The overall market sentiment is cautious, with economic and geopolitical concerns shaping purchasing behavior. Although Japan is the most important country in the Asia Pacific Methyl Formate market, wider regional supply-demand balances, including exports, contribute to price stability.

Features of the Global Methyl Formate Market

• Market Size Estimates: Methyl formate market size estimation in terms of value ($B).
• Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
• Segmentation Analysis: Methyl formate market size by form, source, application, and region in terms of value ($B).
• Regional Analysis: Methyl formate market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different forms, sources, applications, and regions for the methyl formate market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape of the methyl formate market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the methyl formate market by form (liquid and gas), source (methanol and carbon monoxide), application (chemical synthesis, electronics, pharmaceuticals, food & beverages, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Market Overview

• 2.1 Background and Classifications
• 2.2 Supply Chain

3. Market Trends & Forecast Analysis

• 3.2 Industry Drivers and Challenges
• 3.3 PESTLE Analysis
• 3.4 Patent Analysis
• 3.5 Regulatory Environment

4. Global Methyl Formate Market by Form

• 4.1 Overview
• 4.2 Attractiveness Analysis by Form
• 4.3 Liquid: Trends and Forecast (2019-2031)
• 4.4 Gas: Trends and Forecast (2019-2031)

5. Global Methyl Formate Market by Source

• 5.1 Overview
• 5.2 Attractiveness Analysis by Source
• 5.3 Methanol: Trends and Forecast (2019-2031)
• 5.4 Carbon Monoxide: Trends and Forecast (2019-2031)

6. Global Methyl Formate Market by Application

• 6.1 Overview
• 6.2 Attractiveness Analysis by Application
• 6.3 Chemical Synthesis: Trends and Forecast (2019-2031)
• 6.4 Electronics: Trends and Forecast (2019-2031)
• 6.5 Pharmaceuticals: Trends and Forecast (2019-2031)
• 6.6 Food & Beverages: Trends and Forecast (2019-2031)
• 6.7 Automotive: Trends and Forecast (2019-2031)
• 6.8 Others: Trends and Forecast (2019-2031)

7. Regional Analysis

• 7.1 Overview
• 7.2 Global Methyl Formate Market by Region

8. North American Methyl Formate Market

• 8.1 Overview
• 8.2 North American Methyl Formate Market by Form
• 8.3 North American Methyl Formate Market by Application
• 8.4 United States Methyl Formate Market
• 8.5 Mexican Methyl Formate Market
• 8.6 Canadian Methyl Formate Market

9. European Methyl Formate Market

• 9.1 Overview
• 9.2 European Methyl Formate Market by Form
• 9.3 European Methyl Formate Market by Application
• 9.4 German Methyl Formate Market
• 9.5 French Methyl Formate Market
• 9.6 Spanish Methyl Formate Market
• 9.7 Italian Methyl Formate Market
• 9.8 United Kingdom Methyl Formate Market

10. APAC Methyl Formate Market

• 10.1 Overview
• 10.2 APAC Methyl Formate Market by Form
• 10.3 APAC Methyl Formate Market by Application
• 10.4 Japanese Methyl Formate Market
• 10.5 Indian Methyl Formate Market
• 10.6 Chinese Methyl Formate Market
• 10.7 South Korean Methyl Formate Market
• 10.8 Indonesian Methyl Formate Market

11. ROW Methyl Formate Market

• 11.1 Overview
• 11.2 ROW Methyl Formate Market by Form
• 11.3 ROW Methyl Formate Market by Application
• 11.4 Middle Eastern Methyl Formate Market
• 11.5 South American Methyl Formate Market
• 11.6 African Methyl Formate Market

12. Competitor Analysis

• 12.1 Product Portfolio Analysis
• 12.2 Operational Integration
• 12.3 Porter's Five Forces Analysis
  • Competitive Rivalry
  • Bargaining Power of Buyers
  • Bargaining Power of Suppliers
  • Threat of Substitutes
  • Threat of New Entrants
• 12.4 Market Share Analysis

13. Opportunities & Strategic Analysis

• 13.1 Value Chain Analysis
• 13.2 Growth Opportunity Analysis
  • 13.2.1 Growth Opportunities by Form
  • 13.2.2 Growth Opportunities by Source
  • 13.2.3 Growth Opportunities by Application
• 13.3 Emerging Trends in the Global Methyl Formate Market
• 13.4 Strategic Analysis
  • 13.4.1 New Product Development
  • 13.4.2 Certification and Licensing
  • 13.4.3 Mergers, Acquisitions, Agreements, Collaborations, and Joint Ventures

14. Company Profiles of the Leading Players Across the Value Chain

• 14.1 Competitive Analysis
• 14.2 Evonik Industries
  • Company Overview
  • Methyl Formate Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 14.3 Lanxess
  • Company Overview
  • Methyl Formate Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 14.4 Solvay
  • Company Overview
  • Methyl Formate Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 14.5 Celanese Corporation
  • Company Overview
  • Methyl Formate Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 14.6 Albemarle
  • Company Overview
  • Methyl Formate Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 14.7 Perstorp
  • Company Overview
  • Methyl Formate Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 14.8 BASF
  • Company Overview
  • Methyl Formate Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 14.9 Eastman Chemical Company
  • Company Overview
  • Methyl Formate Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 14.10 Merck
  • Company Overview
  • Methyl Formate Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 14.11 Sumitomo Chemical Company
  • Company Overview
  • Methyl Formate Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing

15. Appendix

• 15.1 List of Figures
• 15.2 List of Tables
• 15.3 Research Methodology
• 15.4 Disclaimer
• 15.5 Copyright
• 15.6 Abbreviations and Technical Units
• 15.7 About Us
• 15.8 Contact Us