Methanol Market: Global Industry Analysis and Forecast (2022-2029)

Methanol Market was valued at US$ 27.11 Bn. in 2021 and is expected to grow at US$ 40.58 Bn. in 2029. Methanol Market size is expected to grow at a CAGR of 5.93 % through the forecast period.

Methanol Market Overview:

Methanol, also known as methyl alcohol, amongst other names, is an organic chemical and the simplest alcohol, with the formula CH3OH (a methyl group linked to a hydroxyl group, often abbreviated MeOH). It is a light, volatile, colourless, flammable liquid with a distinctive alcoholic odour similar to that of ethanol (potable alcohol). A polar solvent, methanol acquired the name wood alcohol because it was once produced chiefly by the destructive distillation of wood. Today, methanol is mainly produced industrially by hydrogenation of carbon monoxide. Methanol consists of a methyl group linked to a polar hydroxyl group. With more than 20 million tons produced annually, it is used as a precursor to other commodity chemicals, including formaldehyde, acetic acid, methyl tert-butyl ether, methyl benzoate, anisole, peroxyacids, as well as a host of more specialised chemicals. Methanol Market To know about the Research Methodology :- Request Free Sample Report Pure methanol is an important material in chemical synthesis. Its derivatives are used in great quantities for building up a vast number of compounds, among them many important synthetic dyestuffs, resins, pharmaceuticals, and perfumes. Large quantities are converted to dimethylaniline for dyestuffs and to formaldehyde for synthetic resins. Methanol is also a high-octane, clean-burning fuel that is a potentially important substitute for gasoline in automotive vehicles. The methanol derived from wood is used chiefly for rendering industrial ethyl alcohol unfit to drink. The report explores the Methanol Market segments (Feedstock, Derivatives, Sub-Derivatives, End User and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Methanol Market drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Methanol Market contemporary competitive scenario. 2021 is considered as a base year to forecast the market from 2022 to 2029. 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 2029. 2020 is a year of exception and analysis especially with the impact of lockdown by region.

Methanol Market Dynamics:

The Growing demand from the automotive and construction industry is expected to drive the market growth. The main driving factor for the growth of the market is the use of petrochemicals in end-use industries such as automotive and construction. In the petrochemical industry, organic chemicals with the largest production volume are methanol, ethylene, propylene, butadiene, benzene, toluene, and xylenes are used. Ethylene, propylene, and butadiene, along with butylene, are collectively called olefins. Methanol is a forerunner to a variety of chemical products and is generally referred to as primary petrochemical. The production of olefins from methanol is coming as a major driver for the growth of methanol in the petrochemical industry. The growth of MTO plants in China is increasing rapidly due to the huge demand for plastics such as polyethylene and polypropylene in end-use industries. Therefore, the rise in MTO plants in China and the huge production of olefins from methanol in the country are the major drivers of the methanol market in APAC. The increasing use of methanol as a mixed fuel in different transportation systems as a result of environmental concerns leads to the growth of the methanol market. Rising demand for methanol for the production of dimethyl ether and Methyl tert-butyl ether (MTBE), as well as increased usage of methanol as a fuel in vehicles due to better engine performance and fuel economy, and government attempts to reduce global carbon footprint, leads to drive the Methanol Market forward during the forecast period. The government initiatives to decrease global carbon footprint is expected to boost the market during the forecast period. The factor such as the exposure of humans to methanol by ingestion or inhalation which results into blurred vision, headache, laziness, and nausea is the main restraining factor which hampers the market growth. 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. Methanol is primarily used as a pesticide, solvent, and alternative fuel source. It occurs naturally in some foods, fruits, and the human body, in addition to commercial manufacturing methods. Poisoning from the product may develop as a result of consuming contaminated alcohols. It can cause blindness, acid build-up in the blood, and death if inhaled or consumed. Other health consequences of exposure include nausea, vomiting, heart, and respiratory failure, convulsions, and kidney failure. These all-restraining factors leads to hinder the growth of the market. In addition, due to a lack of viable and effective technologies the high cost of converting methane into liquids for use in various applications and end-users is likely to limit market expansion. The shift of End-Users industries towards sustainable fuel is projected to generate methanol market growth opportunities over the forecast period. The use of methanol for the production of dimethyl ether (DME) and Methyl tert-butyl ether (MTBE) increases, and it also consumes as the alternatives for gasoline which leads to boost the growth of the methanol market. One of the major advantages of methanol is its ability to blend with gasoline that replaces the use of harmful octane enhancers. Thus, ability of methanol to blend with gasoline can enhance the performance of automobiles by lowering the risk of flammability. The growing application of methanol in the hydrogen fuel cells as it is an excellent hydrogen carrier fuel is a major growth driving factor. Hydrogen fuel cells are becoming extremely popular as it is a clean and efficient source for electricity generation. These factors are anticipated to boost the methanol industry growth in the upcoming years. The availability and cost of raw materials, including coal and natural gas, as well as freight costs, capital costs, and government policies affects the cost of production. The production of methanol using any carbon-based source is a capital-intensive process. The players must first identify the raw material to secure economical and uninterrupted supply for a long period. Once the considerable R&D and front-end engineering and design (FEED) of the project is ensured, the required time and capital investments are calculated at the pre-phase of the project. The construction of the plant also requires huge investments. The post phases, such as maintenance and installation of technology, among others, also require considerable capital. There are also some uncounted costs, such as repairing, which results in escalation in the costs. There are some political and environmental challenges as well, which are hindering market growth, such as exploitation of natural gas reserves in different regions and environmental issues associated with methanol when used as fuel. The lack of dedicated infrastructure is another major challenge which hinders the market growth. Also, methanol is highly flammable, corrosive, and toxic due to which its exposure can cause eye damage that can cause blindness by causing damage to the optic nerve. In addition, high exposure to this toxic fuel is known to cause damage to central nervous system that can be fatal.

Methanol Market Segment Analysis:

Based on Feedstock, The Natural gas segment held the largest market share xx% in 2021. For obtaining methanol, natural gas is comparatively cheaper. Natural gas is produced by drilling shale and other sedimentary rocks under high pressure and temperature using advanced technologies. The cost of production is cheap and it happens at moderate temperature and pressure, the natural gas production process is simple and economically practical. These factors are boosting the Methanol Market growth for this segment. The increasing demand natural gas as a feedstock from end-use industries such as automotive, construction, electronics, solvents, pharmaceuticals, appliances, packaging, and insulation leads to the growth of the market. The Coal segment is expected to witness significant growth at a CAGR of XX% 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 Market Based on Derivative, The Formaldehyde derivative segment held the largest market share in 2021 due to its wide variety of uses, such as in construction materials and numerous home items. For making interior-molded components of cars, formaldehyde is use which helps to reduce weight and improve fuel economy. In addition, it prevents the growth of germs and pathogens when used as a preservative in biological materials. 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 resins which are manufactured using formaldehyde are mostly used in manufacturing glues for use in plywood chipboard/particle board, furniture production, and the construction industry. Methanol Market Based on End-User, The Automotive segment held the largest market share, accounting for xx% in 2021. The factors such as 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 xx% 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 goods are widely used in the construction sector, and growing demand is projected to boost consumption. These factors lead to the growth of the methanol market. Methanol Market

Methanol Market Regional Insights:

The Asia-Pacific region is expected to witness significant growth at a CAGR of XX% through the forecast period. The growth of the methanol market in this region is attributed to the growing automotive and construction industry. Factors such as the rapidly increasing consumption of methanol in the construction, automotive and electronics industries in countries such as China, Japan, India, South Korea and Australia have led to an increased demand for Methanol in the Asia Pacific 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. 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 Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Methanol Market make the report investor’s guide.

Methanol Market Scope: Inquire before buying

Global Methanol Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US$ 27.11 Bn.
Forecast Period 2022 to 2029 CAGR: 5.93% Market Size in 2029: US$ 40.58 Bn.
Segments Covered: by Feedstock • Coal • Natural Gas • Others
by Derivatives • Gasoline • MTO/MTP • Formaldehyde • Methyl Tertiary Butyl Ether (MTBE) • Acetic Acid • Dimethyl Ether (DME) • Methyl Methacrylate (MMA) • Biodiesel • Others
by Sub-Derivatives • Gasoline additives • Olefins • UF/PF resins • VAM • Polyacetals • MDI • PTA • Acetate Esters • Acetic anhydride • Fuels
by End-User • Construction • Automotive • Electronics • Appliances • Paints & Coatings • Insulation • Pharmaceuticals • Packaging (PET bottles) • Solvents

Methanol Market by Region

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

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. • Metafrax Chemicals • Yanzhou Coal Mining Company Ltd. • Shanghai Huayi (Group) Company • Ningxia Baofeng Energy Group Co. Ltd. • Celanese Corporation 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, Derivatives, Sub-derivatives and End-User. 2] Which region is expected to hold the highest share in the Methanol Market? Ans. 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 2029? Ans. The market size of the Methanol Market by 2029 is expected to reach US$ 40.58 Bn. 4] What is the forecast period for the Methanol Market? Ans. The forecast period for the Methanol Market is 2022-2027. 5] What was the market size of the Methanol Market in 2021? Ans. The market size of the Methanol Market in 2021 was valued at US$ 27.11 Bn.
1. Methanol Market: Research Methodology 2. Methanol Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Methanol Market 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. Methanol Market: 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 • South America 3.12. COVID-19 Impact 4. Methanol Market Segmentation 4.1. Methanol Market, By Feedstock (2021-2029) • Coal • Natural Gas • Others 4.2. Methanol Market, By Derivatives (2021-2029) • Gasoline • MTO/MTP • Formaldehyde • Methyl Tertiary Butyl Ether (MTBE) • Acetic Acid • Dimethyl Ether (DME) • Methyl Methacrylate (MMA) • Biodiesel • Others 4.3. Methanol Market, By Sub- Derivatives (2021-2029) • Gasoline additives • Olefins • UF/PF resins • VAM • Polyacetals • MDI • PTA • Acetate Esters • Acetic anhydride • Fuels 4.4. Methanol Market, By End-User (2021-2029) • Construction • Automotive • Electronics • Appliances • Paints & Coatings • Insulation • Pharmaceuticals • Packaging (PET bottles) • Solvents 5. North America Methanol Market (2021-2029) 5.1. North America Methanol Market, By Feedstock (2021-2029) • Coal • Natural Gas • Others 5.2. North America Methanol Market, By Derivatives (2021-2029) • Gasoline • MTO/MTP • Formaldehyde • Methyl Tertiary Butyl Ether (MTBE) • Acetic Acid • Dimethyl Ether (DME) • Methyl Methacrylate (MMA) • Biodiesel • Others 5.3. North America Methanol Market, By Sub- Derivatives (2021-2029) • Gasoline additives • Olefins • UF/PF resins • VAM • Polyacetals • MDI • PTA • Acetate Esters • Acetic anhydride • Fuels 5.4. North America Methanol Market, By End-User (2021-2029) • Construction • Automotive • Electronics • Appliances • Paints & Coatings • Insulation • Pharmaceuticals • Packaging (PET bottles) • Solvents 5.5. North America Methanol Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Methanol Market (2021-2029) 6.1. European Methanol Market, By Feedstock (2021-2029) 6.2. European Methanol Market, By Derivatives (2021-2029) 6.3. European Methanol Market, By Sub- Derivatives (2021-2029) 6.4. European Methanol Market, By End-User (2021-2029) 6.5. European Methanol Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Methanol Market (2021-2029) 7.1. Asia Pacific Methanol Market, By Feedstock (2021-2029) 7.2. Asia Pacific Methanol Market, By Derivatives (2021-2029) 7.3. Asia Pacific Methanol Market, By Sub- Derivatives (2021-2029) 7.4. Asia Pacific Methanol Market, By End-User (2021-2029) 7.5. Asia Pacific Methanol Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Methanol Market (2021-2029) 8.1. Middle East and Africa Methanol Market, By Feedstock (2021-2029) 8.2. Middle East and Africa Methanol Market, By Derivatives (2021-2029) 8.3. Middle East and Africa Methanol Market, By Sub- Derivatives (2021-2029) 8.4. Middle East and Africa Methanol Market, By End-User (2021-2029) 8.5. Middle East and Africa Methanol Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Methanol Market (2021-2029) 9.1. South America Methanol Market, By Feedstock (2021-2029) 9.2. South America Methanol Market, By Derivatives (2021-2029) 9.3. South America Methanol Market, By Sub- Derivatives (2021-2029) 9.4. South America Methanol Market, By End-User (2021-2029) 9.5. South America Methanol Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South 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. 10.16. Metafrax Chemicals 10.17. Yanzhou Coal Mining Company Ltd. 10.18. Shanghai Huayi (Group) Company 10.19. Ningxia Baofeng Energy Group Co. Ltd. 10.20. Celanese Corporation

About This Report

Report ID 126817
Category Material & Chemical
Published Date July 2022
Updated Date
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