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Methanol - Global Market Trajectory & Analytics

  • ID: 338607
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Methanex Chile Limited
  • Methanex Corporation
  • Methanex New Zealand Ltd.
  • Mitsui & Co. Ltd.
  • OCI N.V.
  • Repsol
Global Methanol Market to Reach 136.2 Million Tons by 2027

Amid the COVID-19 crisis, the global market for Methanol estimated at 103.6 Million Tons in the year 2020, is projected to reach a revised size of 136.2 Million Tons by 2027, growing at a CAGR of 4% over the analysis period 2020-2027. Formaldehyde, one of the segments analyzed in the report, is projected to record a 2.2% CAGR and reach 30.3 Million Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the MTO/MTP segment is readjusted to a revised 8.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at 28 Million Tons, While China is Forecast to Grow at 6.9% CAGR

The Methanol market in the U.S. is estimated at 28 Million Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 28.6 Million Tons by the year 2027 trailing a CAGR of 6.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.3% and 2.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2% CAGR.

Gasoline Blending/Combustion Biofuels Segment to Record 4.4% CAGR

In the global Gasoline Blending/Combustion Biofuels segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of 9.4 Million Tons in the year 2020 will reach a projected size of 12.2 Million Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 19.6 Million Tons by the year 2027, while Latin America will expand at a 5.3% CAGR through the analysis period.

Select Competitors (Total 82 Featured):
  • Atlantic Methanol Production Company LLC
  • LyondellBasell Industries NV
  • Methanex Chile Limited
  • Methanex Corporation
  • Methanex New Zealand Ltd.
  • Methanol Holdings (Trinidad) Limited
  • Mitsubishi Gas Chemical Company Inc.
  • Mitsui & Co. Ltd.
  • OCI N.V.
  • Qatar Fuel Additives Company Ltd.
  • Repsol
  • Saudi Basic Industries Corporation
  • Saudi International Petrochemical Company
  • Statoil ASA
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Methanex Chile Limited
  • Methanex Corporation
  • Methanex New Zealand Ltd.
  • Mitsui & Co. Ltd.
  • OCI N.V.
  • Repsol

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • A Primer
  • Global Market Overview
  • Improving Economy Buoys Optimism for Methanol Market
  • Production Scenario
  • Recent Market Activity
  • Developing Regions Charge Ahead in Methanol Production
  • Pricing Scenario
  • Major End-Use Markets: An Overview
  • Formaldehyde Production: The Largest Methanol End-Use Category
  • MTO/MTP: The Fastest Growing End-use Segment for Methanol
  • Gasoline Blending/Combustion Biofuels - A Significant Growth Driver
  • MTBE/TAME: Environmental Regulations Affect Demand
  • Acetic Acid: A Key Derivative of Methanol
  • Methanol Carbonylation - The Predominant Acetic Acid Manufacturing Process
  • Marine Fuel: A New and Emerging Application of Methanol
  • Competitive Scenario

2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Chemical Intermediates Lose Share to Energy Applications
  • Diverse Feedstock Makes Methanol a Desired Source of Fuel
  • Methanol Generates a New Wave of Interest as Alternative Fuel
  • Government Measures to Drive Adoption of Methanol Blended Gasoline
  • DME - A Rising Star in Global Energy Arena
  • Methanol and Ethanol: Significant Substitutes for Fuel in the Shipping Industry
  • Methanol Production from CO2 Recycling
  • Directives Aid Renewable Methanol Market
  • High Production Costs Hamper Bio-methanol Growth
  • China Spearheads Global MTO Market
  • Fuel Cells - An Untapped Goldmine
  • Shale Gas Discoveries Disrupt Worldwide Petrochemical Market

4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 82
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Atlantic Methanol Production Company LLC
  • LyondellBasell Industries NV
  • Methanex Chile Limited
  • Methanex Corporation
  • Methanex New Zealand Ltd.
  • Methanol Holdings (Trinidad) Limited
  • Mitsubishi Gas Chemical Company Inc.
  • Mitsui & Co. Ltd.
  • OCI N.V.
  • Qatar Fuel Additives Company Ltd.
  • Repsol
  • Saudi Basic Industries Corporation
  • Saudi International Petrochemical Company
  • Statoil ASA
Note: Product cover images may vary from those shown