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Global Methanol Market Analysis: Plant Capacity, Location, Process, Technology, Production, Operating Efficiency, Demand & Supply, End Use, Regional Demand, Sales Channel, Company Share, Foreign Trade, Industry Market Size, Manufacturing Process, 2015-2032

  • Report

  • April 2024
  • Region: Global
  • ChemAnalyst
  • ID: 5178192

Quick Summary:

In the fast-evolving landscape of the global Methanol industry, it is essential to keep a finger on the pulse of market dynamics. Our report offers insights into not only the prevailing Methanol demand, it also sheds light on significant trends shaping the future of the market. Methanol, a process chemical played an integral part in the manufacturing of high-value derivatives such as Formaldehyde and Acetic Acid. With an added bonus of being an ideal choice for reducing carbon footprint, it is garnering increased attention from governments worldwide, who are striving to create more environment-friendly fuel alternatives.

Subscribing to this report offers you access to the holistic real-time analysis of the Methanol market on a cloud-based platform. Information is continually updated to include recent industry shifts, including plant openings or shutdowns and disruptions in demand or supply, offering a comprehensive perspective on the Methanol market. Furthermore, the report provides specific Methanol data, detailing production capacity, technology, demand by end-use, sales channels and regional demand breakdown. It also fills in demand and supply gaps on a global level, offers insights into market shares of leading players, and chronicles news and deals in the Methanol market. The data provided in this report is gathered through meticulous primary research and corroborated with exhaustive secondary research for maximum reliability.

The Global Methanol Demand Stood at 12.8 Million Tonnes in 2019 and is Anticipated to Grow at Around CAGR 4.97% During the Forecast Period.

H1 2023: Key global producers of Methanol in H1 2023 were Methanex Corporation, Saudi Arabia Basic Industries Corporation (SABIC), Methanol Holdings (Trinidad) Limited (MHTL), Mitsubishi Gas Chemical, and OCI. However, Methanex Corporation held the largest production capacity of Methanol in H1 2023. In February 2023, Celanese and Mitsui released information of the extension of their existing joint venture (JV), Fairway Methanol LLC. This JV is currently running and produces methanol at Celanese's Clear Lake location. The terms and ownership of Fairway have been extended to the year 2045. In the other half of 2023, Fairway Methanol LLC JV, looks forward to completing a capacity expansion to 1.62 million metric tonnes by using recycled carbon dioxide as a feedstock for methanol production. By this means, about 60% of the currently vented carbon dioxide from the entire Celanese’s Clear Lake site will be transformed into sustainable methanol per year. In May 2023, Methanex Corporation revealed that the construction activities of their Geismar 3 (G3) plant are in full swing and will be producing its first batch of methanol by Q4 2023. G3 plant is based on lower carbon emissions and aims towards sustainable chemical production processes. This plant will produce 1.8 million tonnes of methanol after being commissioned. In H1 2023, Nauticol Energy took back its Alberta project worth USD 4 billion. Nauticol had goal to produce blue methanol at the Alberta site, Canada, which unfortunately got cancelled.

The global Methanol market has reached approximately 90 million tonnes in 2022 and is expected to grow at a CAGR of 4.30% during the forecast period until 2032.

Methanol also known as wood spirit is a polar solvent. It has the chemical formula of CH3OH and called wood spirit because in the early years it used to be produced by the distillation of wood. Nowadays, on industrial level methanol is synthesized by conducting catalytic reduction of carbon monoxide. Methanol is a colorless liquid and used as a replacement of gasoline- based fuels. Methanol is frequently used than gasoline-based fuels because of its low cost of production and low risk of combustion. Furthermore, it used as a solvent to produce various chemicals such as acrylic plastics, formaldehyde, acetic acid, olefins, organic aromatic compounds. Furthermore, it is also used as an anti-freeze agent and as a denaturant in alcohols. Other applications include paints & coatings, pharmaceutical, automotive, and electronics.

The primary driver of Methanol global market is for the synthesis of chemicals. Methanol is used in the chemical industry to make methyl methacrylate, acetic acid, olefins, silicone, formaldehyde, and others. These substances are utilized in a wide range of products, including lubricating oils, plastics, paints, sealants, adhesives, and medical equipments. In 2022, approximately 27% of global Methanol was utilized by the Formaldehyde Industry. Additionally, the market is anticipated to expand due to the need for adhesives from the consumer goods and furniture industries. Furthermore, Methanol can be mixed with gasoline as a replacement of octane enhancers to improve fuel quality which can accelerate the expansion of the global Methanol demand. The global Methanol market is anticipated to reach about 136 million tonnes by 2032.

Based on demand, the Asia Pacific is dominating the Methanol market followed by North America and Europe. In 2022, Asia Pacific region consumed approximately 65% of the net Methanol. It is anticipated that Asia Pacific will be most likely remain the biggest consumer. The demand for formaldehyde is anticipated to increase in the coming years due to Government’s investments in the growth of infrastructure in emerging Asian nations. In 2022, Saudi Arabia was the leading producer of Methanol.

Based on the end-user industry, the global Methanol market is segmented into various industrial sectors that include Formaldehyde, MTO, MTBE, Gasoline Blending, Others. The Formaldehyde Industry is the dominating the Methanol market. Formaldehyde has applications in various sectors including plywood, vehicles, pharmaceuticals, and infrastructure. Additionally, formaldehyde has uses as a solvent, plasticizer, and drying agent in paints and inks. Formaldehyde Resins are utilized to create interior molded components and engine-related parts of automobiles that are sustainable at high temperature. MTO industry occupies the second position and employed as a raw material for varnishes, paints, perfumes, deodorizers, sprays. Furthermore, MTO is also used for degreasing machinery and a cleaning agent on an industrial level. By blending Methanol with Gasoline, the fuel quality can be improved.

Major players in the production of Global Methanol are Methanex Corporation, Mitsubishi Gas Chemical, Saudi Arabia Basic Industries Corporation (SABIC), Methanol Holdings (Trinidad) Limited (MHTL), Ningxia Baofeng Energy Group, Methanol Australia Limited, Mitsubishi Gas Chemical, NPC-Zagros, Kaveh Methanol Petrochemical, OCI, Natgasoline LLC, and Others.

Years considered for this report:

  • Historical Period: 2015- 2022
  • Base Year: 2022
  • Estimated Year: 2023
  • Forecast Period: 2024-2032
This report will be delivered on an online digital platform with one-year subscription and quarterly update.

Objective of the Study:

  • To assess the demand-supply scenario of Methanol which covers production, demand and supply of Methanol market in the globe.
  • To analyse and forecast the market size of Methanol
  • To classify and forecast Global Methanol market based on end-use and regional distribution.
  • To examine competitive developments such as expansions, mergers & acquisitions, etc., of Methanol market in the globe.
To extract data for Global Methanol market, primary research surveys were conducted with Methanol manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, the publisher was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, the report analyzes various segments and projected a positive outlook for Global Methanol market over the coming years.

The publisher calculated Methanol demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Methanol across the globe. The publisher sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by the publisher.

Key Target Audience:

  • Methanol manufacturers and other stakeholders
  • Organizations, forums and alliances related to Methanol distribution
  • Government bodies such as regulating authorities and policy makers
  • Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Methanol s manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Global Methanol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:



  • Market size Volume in 2022 - 90 million tonnes
  • Market size Volume by 2032 - 136 million tonnes
  • Growth Rate - CAGR of 4.30% from 2023 to 2032
  • Base year for estimation - 2022
  • Historic Data - 2015 - 2022
  • Forecast period - 2023 - 2032
  • Quantitative units - Demand in million tonnes and CAGR from 2023 to 2032

Report coverage

Industry Market Size, Capacity b y Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade

Segments covered

  • By End-Use: (Formaldehyde, MTO, MTBE, Gasoline Blending, Others)
  • By Sales Channel: (Direct Sale and Indirect Sale)

Regional scope

North America, Europe, Asia Pacific, Middle East and Africa, and South America.

Available Customisations

With the given market data, the publisher offers customizations according to a company’s specific needs.

Table of Contents

1. Industry Market Size
  • It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Methanol market in terms of value and volume.
2. Capacity By Company
  • On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Methanol.
3. Capacity By Location
  • To better understand the regional supply of Methanol by analysing its manufacturers' location-based capacity.
4. Plant Operating Efficiency [Quarterly Update]
  • To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
  • Study the historical annual production of Methanol by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
  • Discover which end-user industry: Formaldehyde, MTO, MTBE, Gasoline Blending, Others, are creating a market and the forecast for the growth of the Methanol market.
7. Demand by Region
  • Analysing the change in demand of Methanol in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
  • Multiple channels are used to sell Methanol. Our sales channel will help in analysing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
  • Determine the supply-demand gap to gain information about the trade surplus or deficiency of Methanol.
10. Company Share
  • Figure out what proportion of the market share of Methanol is currently held by leading players across the globe.
11. Country-wise Export
  • Get details about quantity of Methanol exported by major countries.
12. Country-wise Import
  • Get details about quantity of Methanol imported by major countries.
13. Manufacturing Process
  • Discover insights into the intricate manufacturing process of Methanol.
14. Capacity By Technology
  • To better assess the manufacturing capacities with different technologies as well as understand which technology is more in demand.
15. Capacity by Process
  • To Evaluate the demand of various methods and their capacities while looking for the future growth of each process
16. Pricing Analysis & Forecast
  • Analyze historical prices since 2015 & Forecast on three months rolling period for next 12 months.