Methanol Market: Global Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Feedstock, Derivative, Application, and Region.

Methanol Market reached a value of US $ 26.83 Bn. in 2020. Natural Gas is one of the dominating segment of the Global Methanol Market.

Methanol Market Overview:

Methanol is a light, volatile, colorless, and flammable liquid with a chemical formula of CH₃OH. Methanol is also known as Methyl alcohol or Wood alcohol. Methanol is used in thousands of everyday products, such as plastics, paints, cosmetics, and fuels. Methanol is an energy resource and extensively used in the marine, automotive, and electricity sectors, and an emerging renewable energy resource. Methanol is used as an amphiprotic solvent, a fuel, a human metabolite, an Escherichia coli metabolite, and a mycoplasma genitalium metabolite. Methanol’s environmental and economic benefits, like it, is clean burning biodegradable fuel, which make it an important substitute fuel for driving vehicles and ships, cooking food, and heating homes. Methanol Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.

Global Methanol Market Dynamics:

The shift of End-Users industries towards sustainable fuel is projected to generate methanol market growth opportunities over the forecast period. An Increasing uses of methanol for the production of dimethyl ether (DME) and Methyl tert-butyl ether (MTBE), and it is also consumed as the alternatives for gasoline, are expected to boost the growth of the methanol market. The Growing demand from the automotive and construction industry is expected to drive the market growth. Methanol is cleaner and less expensive, so it is considered a feasible alternative to fossil fuel. Resulting in the increasing consumption of methanol in emerging economies, such as China, India, South Korea, and Middle East countries blending it with non-renewable fuel like petrol, which increases vehicle acceleration and power, and ultimately reduces the price of fuels. In addition, governments across the globe have been concentrating on blending the percentage of methanol in petrol by 3.5% to 85 % for increasing the functional efficiency of vehicles. Exposure of humans to methanol by ingestion or inhalation results in blurred vision, headache, laziness, and nausea. This factor is expected to hamper the methanol market growth during the forecast period. Methanol contains about 67% of the energy of gasoline per gallon, whereas ethanol contains about 75%. In addition, ethanol is less chemically toxic than methanol, is expected to hamper market growth across the globe. Nonetheless, government initiatives to decrease global carbon footprint is expected to boost the market during the forecast period.

Global Methanol Market Segment Analysis:

Based on the Feedstock, the Methanol Market is segmented into Natural Gas, Coal, and Others. The Natural gas segment held the largest market share accounting for 57.4% in 2020. Natural gas is comparatively cheaper to obtain methanol. Natural gas is produced by drilling shale and other sedimentary rocks under high pressure and temperature using advanced technologies. These factors are boosting the Methanol Market growth for this segment. The Coal segment is expected to witness significant growth at a CAGR of 5.1% during the forecast period. The Increasing usage of coal to produce methanol in countries with abundant coal production is boosting the methanol market growth for this segment. Methanol MarketBased on the Derivative, the Methanol Market is segmented into Formaldehyde, Acetic Acid, MTBE, DME, DMT, and Others. The Formaldehyde derivative segment held the largest market share, accounting for 26.47 % in 2020. Formaldehyde derivatives are widely used for several applications, such as to manufacture interior precast components of vehicles to decrease weight and increase fuel efficiency. Formaldehyde resins are also used as preservatives to eliminate the growth of bacteria or pathogens. The growing usage across various end-user industry is fueling the market growth for this segment The DME segment is expected to witness significant growth at a CAGR of 4.98 % during the forecast period. Dimethyl Ether (DME) is widely used as a fuel (Diesel) in the automotive industry and it is also blended in Liquefied Natural Gas (LNG). Methyl tert-butyl ether (MTB) supports ease of transportation as well as enhanced performance in reducing formaldehyde in gasoline, resulting in increasing preference for it over other fuels. Methanol MarketBased on the Application, the Methanol Market is segmented into Construction, Automotive, Electronics, and Others. The Automotive segment held the largest market share, accounting for 32.9 % in 2020. Increasing demand for vehicles development and the rising necessity of automobiles are driving the methanol market growth for this segment. The rising inclination for low-cost, high-performance methanol is driven by the shift to clean, alternative sources of manufacturing.The Construction segment is expected to witness rapid growth at a CAGR of 5.20% during the forecast period. Methanol is used for manufactured various products, such as foams, plywood subfloors, Adhesives, and plastics, which are highly demanded in the construction sector. These factors are expected to fuel the methanol market growth during the forecast period.

Global Methanol Market Regional Insights:

Asia Pacific region held the largest market share accounted for 53.2% in 2020, and is expected to grow at a CAGR of 4.8% during the forecast period. The growth of the methanol market in this region is attributed to the growing automotive and construction industry. China accounted for more than 70% of total methanol production in the region. China is the leading manufacturer and consumer of formaldehyde derivatives in this region is also fueling the market growth in the Asia Pacific region. North America region is expected to witness significant growth at a CAGR of 4.92% during the forecast period. This region's growth is attributed to the significant growth of the automobile industry and the growing demand for green fuel and blends fuel in the region. In 2019, the U.S. has produced around 0.0057 billion metric tons of methanol. The global production capacity of methanol is expected to grow significantly during the forecast period, and it grows from 0.157 billion metric tons in 2020, to around 0.311 billion metric tons by 2030. The objective of the report is to present a comprehensive analysis of the Methanol Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Methanol Market dynamic, structure by analyzing the market segments and projecting the Methanol Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Methanol Market make the report investor’s guide.

Global Methanol Market Scope: Inquire before buying

Methanol Market

Global Methanol Market by Region

• North America • Europe • Asia Pacific • South America • The Middle East and Africa

Global Methanol Market Key Players

Atlantic Methanol Production Company • BASF SE • Celanese Corporation • Eastman Chemical Company • Methanex Corporation • Methanol Holdings Limited • Mitsubishi Gas Chemical Co., Inc. • Mitsui & Co., Ltd • Petroliam Nasional Berhad • SABIC • Zagros Petrochemical Company • HELM AG • Southern Chemical Corporation • PETRONAS • Simalin Chemical Industries Pvt Ltd. Frequently Asked Questions: 1] What segments are covered in the Methanol Market report? Ans. The segments covered in the Methanol Market report are based on Feedstock, Derivative, and Application. 2] Which region is expected to hold the highest share in the Methanol Market? Ans. The Asia Pacific region is expected to hold the highest share in the Methanol Market. 3] What is the market size of the Methanol Market by 2027? Ans. The market size of the Methanol Market by 2027 is US $ 37.65 Bn. 4] What is the forecast period for the Methanol Market? Ans. The Forecast period for the Methanol Market is 2020-2027. 5] What was the market size of the Methanol Market in 2020? Ans. The market size of the Methanol Market in 2020 was US $ 26.83 Bn.
1. Global Methanol Market Size: Research Methodology 2. Global Methanol Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Methanol Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Methanol Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Methanol Market Size Segmentation 4.1. Global Methanol Market Size, by Feedstock (2020-2027) • Natural Gas • Coal • Others 4.2. Global Methanol Market Size, by Derivative (2020-2027) • Formaldehyde • Acetic Acid • MTBE • DME • Others 4.3. Global Methanol Market Size, by Application (2020-2027) • Construction • Automotive • Electronics • Others 5. North America Methanol Market(2020-2027) 5.1. Global Methanol Market Size, by Feedstock (2020-2027) • Natural Gas • Coal • Others 5.2. Global Methanol Market Size, by Derivative (2020-2027) • Formaldehyde • Acetic Acid • MTBE • DME • Others 5.3. Global Methanol Market Size, by Application (2020-2027) • Construction • Automotive • Electronics • Others 5.4. North America Methanol Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Methanol Market (2020-2027) 6.1. European Methanol Market, by Feedstock (2020-2027) 6.2. European Methanol Market Size, by Derivative (2020-2027) 6.3. European Methanol Market, by Application (2020-2027) 6.4. European Methanol Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Methanol Market (2020-2027) 7.1. Asia Pacific Methanol Market, by Feedstock (2020-2027) 7.2. Asia Pacific Methanol Market, by Derivative (2020-2027) 7.3. Asia Pacific Methanol Market, by Application (2020-2027) 7.4. Asia Pacific Methanol Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Methanol Market (2020-2027) 8.1. The Middle East and Africa Methanol Market, by Feedstock (2020-2027) 8.2. The Middle East and Africa Methanol Market, by Derivative (2020-2027) 8.3. The Middle East and Africa Methanol Market, by Application (2020-2027) 8.4. The Middle East and Africa Methanol Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Methanol Market (2020-2027) 9.1. Latin America Methanol Market, by Feedstock (2020-2027) 9.2. Latin America Methanol Market, by Derivative (2020-2027) 9.3. Latin America Methanol Market, by Application (2020-2027) 9.4. Latin America Methanol Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Atlantic Methanol Production Company 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. BASF SE 10.3. Celanese Corporation 10.4. Eastman Chemical Company 10.5. Methanex Corporation 10.6. Methanol Holdings Limited 10.7. Mitsubishi Gas Chemical Co., Inc. 10.8. Mitsui & Co., Ltd 10.9. Petroliam Nasional Berhad 10.10. SABIC 10.11. Zagros Petrochemical Company 10.12. HELM AG 10.13. Southern Chemical Corporation 10.14. PETRONAS 10.15. Simalin Chemical Industries Pvt Ltd.

About This Report

Report ID 126817
Category Material & Chemical
Published Date Nov 2021
Updated Date
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