Increasing consumption of methanol from various end use industries such as automotive, construction, electronics, paints & coatings, and others owing to its properties is a key factor driving market revenue growth.
Market Size - USD 20.36 Billion in 2020, Market Growth - CAGR of 5.2%, Market Trends - Rising acceptance and adoption of the Methanol-To-Olefins (MTO) process.
The global methanol market size is expected to reach USD 30.74 Billion in 2028, and register a CAGR of 5.2% during the forecast period. Methanol finds application as an affordable substitute for transportation fuels. The advantages offered by methanol comprises lower cost of production as it is cheap to produce in comparison to other alternative fuels, enhanced safety as it has a lower risk of inflammability relative to gasoline, and it can be produced from a variety of carbon-based feedstock, including coal and natural gas. This is one of the major factors expected to drive revenue growth of the global methanol market.
Market Size - USD 20.36 Billion in 2020, Market Growth - CAGR of 5.2%, Market Trends - Rising acceptance and adoption of the Methanol-To-Olefins (MTO) process.
The global methanol market size is expected to reach USD 30.74 Billion in 2028, and register a CAGR of 5.2% during the forecast period. Methanol finds application as an affordable substitute for transportation fuels. The advantages offered by methanol comprises lower cost of production as it is cheap to produce in comparison to other alternative fuels, enhanced safety as it has a lower risk of inflammability relative to gasoline, and it can be produced from a variety of carbon-based feedstock, including coal and natural gas. This is one of the major factors expected to drive revenue growth of the global methanol market.
Some Key Findings From the Report:
- Among the industry vertical segments, the automotive segment accounted for the largest revenue share of 33.6% in the global methanol market in 2020.
- The Asia Pacific methanol market size was USD 16.08 Billion in 2020, owing to increasing consumption of methanol for various purposes, particularly in China and India in the region.
- Key players profiled in the report include Saudi Basic Industries Corporation (SABIC), LyondellBasell Industries Holdings BV, Methanex Corporation, PETRONAS (Petroliam Nasional Berhad), Methanol Holdings Limited, BASF SE, Celanese Corporation, Mitsubishi Gas Chemical Company Inc., Mitsui & Co. Ltd., and Enerkem. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
- In October 2019, Saudi Basic Industries Corporation (SABIC) signed an initial agreement with Russian interests to construct and operate a methanol plant in the far east of the country. The installed capacity of the proposed plant in the Amur Region was expected to be around two million tons of methanol.
- In April 2019, Celanese Corporation, a leading market player and a worldwide chemical and specialty materials firm, announced its plans to considerably increase methanol manufacturing capacity at the company’s Clear Lake acetyl intermediates production facility situated in Pasadena, Texas.
For the purpose of this report, the global methanol market is segmented on the basis of type, feedstock, application, industry vertical, and region:
Type Outlook
- No-Renewable Methanol
- Renewable Methanol
Feedstock Outlook
- Coal
- Natural Gas
Application Outlook
- Formaldehyde
- Acetic Acid
- Methyl Tert-Butyl Ether (MTBE)
- Dimethyl Ether (DME)
- Fuel Blending
- Olefins
- Biodiesel
- Others
Industry Vertical Outlook
- Automotive
- Construction
- Electronics
- Paints & Coatings
- Others
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Methanol Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Methanol Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Methanol Segmentation & Impact Analysis
Chapter 5. Methanol Market By Type Insights & Trends
Chapter 6. Methanol Market By Feedstock Insights & Trends
Chapter 7. Methanol Market By Application Insights & Trends
Chapter 8. Methanol Market By Industry Vertical Insights & Trends
Chapter 9. Methanol Market Regional Outlook
Chapter 10. Competitive Landscape
Chapter 11. Company Profiles
Companies Mentioned
- SABIC
- LyondellBasell Industries Holdings BV
- Methanex Corporation
- PETRONAS
- Methanol Holdings Limited
- BASF SE
- Celanese Corporation
- Mitsubishi Gas Chemical Company Inc.
- Mitsui & Co. Ltd.
- Enerkem