The Global Methyl Formate (CAS 107-31-3) Market is projected to grow from USD 750 Million in 2023 to reach USD 1.1 Billion by 2029, exhibiting a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2024–2029). This significant growth is primarily driven by the chemical’s expanding applications as a green solvent, blowing agent for polyurethane foams, and a key intermediate in pharmaceutical and agrochemical synthesis, coupled with stringent environmental regulations favoring low-global-warming-potential alternatives.

As industries pivot towards more sustainable and efficient chemical solutions, the role of methyl formate producers becomes increasingly critical. These companies are not only ensuring a stable supply of this versatile chemical but are also innovating in production technologies and application development. This blog profiles the Top 10 Companies in the Global Methyl Formate Industry—a mix of chemical giants, specialty chemical manufacturers, and strategic suppliers that are shaping the market’s future.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: High-Purity Methyl Formate, Customized Formulations

BASF is a global leader in the chemical industry and a major producer of methyl formate. The company leverages its integrated Verbund system to produce methyl formate efficiently, often as an intermediate in larger chemical processes. Their product is known for its high purity, making it suitable for demanding applications in pharmaceuticals and electronics.

Strategic Focus:

• Innovation in sustainable production pathways
• Development of methyl formate-based solutions for the polyols industry
• Expansion of distribution networks across Asia-Pacific and North America

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Global Methyl Formate Cas 107 31 3 Market – View in Detailed Research Report

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9️⃣ 2. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: Methyl Formate (Various Grades), Specialty Esters

Eastman is a prominent global specialty materials company that produces methyl formate for a range of industrial applications. Their strong focus on innovation and customer-centric solutions has established them as a reliable supplier in the market, particularly for applications requiring consistent quality and technical support.

Strategic Focus:

• Application development for aerosol propellants and solvents
• Commitment to responsible sourcing and manufacturing practices
• Strengthening supply chain resilience for global customers

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8️⃣ 3. Mitsubishi Gas Chemical Company, Inc.

Headquarters: Tokyo, Japan
Key Offering: High-Purity Methyl Formate, Formic Acid Derivatives

Mitsubishi Gas Chemical is a key player in the Asian methyl formate market, with advanced production facilities and a strong technological base. The company supplies high-purity methyl formate crucial for the electronics and pharmaceutical sectors, where impurity levels are critically monitored.

Strategic Focus:

• Leading market position in the Asia-Pacific region
• R&D focused on new applications in energy storage and fine chemicals
• Strategic partnerships with end-user industries

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7️⃣ 4. Chevron Phillips Chemical Company

Headquarters: The Woodlands, Texas, USA
Key Offering: Methyl Formate, Olefins and Polyolefins

As a major petrochemical producer, Chevron Phillips Chemical has a significant role in the methyl formate market, often producing it within its broader chemical manufacturing portfolio. The company’s extensive logistics and distribution capabilities ensure a reliable supply to various downstream industries.

Strategic Focus:

• Integrated production from hydrocarbon feedstocks
• Focus on safety and operational excellence
• Supplying methyl formate to the agrochemical and polymer industries

Download FREE Sample Report:
Global Methyl Formate Cas 107 31 3 Market – View in Detailed Research Report

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6️⃣ 5. Triveni Chemicals

Headquarters: Mumbai, Maharashtra, India
Key Offering: Methyl Formate, Pharmaceutical Intermediates

Triveni Chemicals is a leading Indian manufacturer specializing in fine chemicals and intermediates, including methyl formate. The company has carved a niche for itself by catering to the specific needs of the Indian pharmaceutical and agrochemical sectors, supporting the region’s growing industrial base.

Strategic Focus:

• Strong domestic market presence in India
• Cost-competitive manufacturing capabilities
• Export-oriented strategy for Southeast Asian and Middle Eastern markets

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5️⃣ 6. Trading & Distribution Specialists (e.g., Tradex Corporation, others)

Headquarters: Various Global Locations
Key Offering: Sourced Methyl Formate, Supply Chain Solutions

Several specialized trading and distribution companies play a vital role in the global methyl formate market. These firms do not typically manufacture the chemical but excel at sourcing, quality assurance, and logistics, providing flexible supply options to smaller and medium-sized enterprises worldwide.

Strategic Focus:

• Global sourcing and multi-regional distribution networks
• Providing just-in-time delivery and flexible quantities
• Quality control and certification for diverse application needs

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4️⃣ 7. Beijing Yuanhua Chemical Co., Ltd.

Headquarters: Beijing, China
Key Offering: Methyl Formate, Formic Acid

As a significant chemical producer in China, Beijing Yuanhua Chemical contributes substantially to the regional methyl formate supply. The company benefits from the robust Chinese chemical manufacturing ecosystem and plays a key role in serving both domestic demand and international export markets.

Strategic Focus:

• Capitalizing on China’s large-scale production advantages
• Serving the growing polyurethane foam and textile industries in Asia
• Competitive pricing for bulk industrial applications

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3️⃣ 8. Other Key Regional Producers

Headquarters: Europe, North America, Asia
Key Offering: Methyl Formate for regional markets

Beyond the largest global players, several regional producers are crucial for ensuring localized supply and reducing logistical dependencies. These companies often have deep roots in their respective regions and understand specific local regulatory and application requirements.

Strategic Focus:

• Addressing regional demand with tailored products
• Adherence to local environmental and safety standards
• Building long-term relationships with regional industrial customers

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2️⃣ 9. Research and Development Institutions

Headquarters: Global (Academic and Private R&D Centers)
Key Offering: New process technologies, Application patents

While not direct commercial suppliers, R&D institutions and universities are pivotal in advancing methyl formate technology. Their work on catalytic processes, new synthesis routes (such as from CO2), and novel applications directly influences the strategic direction of commercial producers.

Strategic Focus:

• Developing carbon-neutral production methods
• Inventing new applications in green chemistry
• Collaborating with industry partners for technology commercialization

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1️⃣ 10. Emerging Green Technology Start-ups

Headquarters: Primarily in developed economies
Key Offering: Innovative, Sustainable Methyl Formate Production

A new wave of start-ups is entering the market, focusing on sustainable and innovative production methods for methyl formate. These companies often explore electrochemical reduction of CO2 or bio-based routes, aiming to produce the chemical with a lower carbon footprint and align with circular economy principles.

Strategic Focus:

• Pioneering CO2-to-chemicals conversion technologies
• Securing venture capital and green technology grants
• Targeting high-value, sustainability-focused market segments

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Global Methyl Formate Cas 107 31 3 Market – View in Detailed Research Report

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🌍 Outlook: A Market Shifting Towards Sustainability and Specialization

The methyl formate market is evolving beyond its traditional roles. The dual drivers of regulatory pressure to phase out harmful solvents and blowing agents, alongside the chemical industry’s pursuit of greener alternatives, are creating new growth avenues. The leading companies are adapting by investing in sustainable production technologies and developing high-purity, specialty grades for cutting-edge applications.

📈 Key Trends Shaping the Market:

• Accelerated adoption as a replacement for ozone-depleting substances and high-GWP solvents
• Growing demand from the polyurethane foam industry, especially in construction and appliances
• Increasing R&D into using methyl formate as a hydrogen carrier for energy storage
• Geographic market expansion, with Asia-Pacific becoming the dominant consumer and producer

Get Full Report Here:
Global Methyl Formate Cas 107 31 3 Market – View in Detailed Research Report

The companies profiled are at the forefront of transforming methyl formate from a basic industrial chemical into a versatile, sustainable solution for the challenges of modern manufacturing and environmental stewardship.