Press Release

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Methanol Market to Reach 112 Million Tons by 2025.

Methanol, also known as wood alcohol, is a volatile, combustible, colourless and noxious liquid with the chemical formula CH3OH. It is a polar liquid at room temperature and exhibits excellent blending properties. Methanol also has a high octane and oxygen content due to which it produces a cleaner burning gasoline which helps to lower the emissions caused by vehicle exhaust.

Methanol finds broad range of applications in various industries. It is extensively used as a denaturing and anti-freezing agent. It is also used as an industrial solvent for resins and inks, adhesives to wood items, and dyes. Methanol holds a key position in the chemical industry where it is extensively used in the production of formaldehyde, acetic acid, di-methyl terephthalate (DMT) and some other solvents. Additionally, in the energy industry, it can be used either solely as a vehicle fuel or can be blended with gasoline to produce a fuel which is more efficient as compared to the conventional gasoline. According to Expert Market Research, the global methanol market reached a volume of 87.5 Million Tons in 2019 and is further expected to reach 112 Million Tons by 2025.

Key findings from the report:

  • Methanol serves a number of application domains which include formaldehyde, dimethyl ether, gasoline, chloromethane, MTBE/TAME, acetic acid, DMT/others, MTO/MTP, solvents, methylamines and methyl methacrylate. In 2018, formaldehyde production represented the most popular application segment, accounting for nearly 30% of the total share.
  • Region-wise, China dominated the market with a share of around half of the total global demand. China was followed by Asia (excluding China), Europe, North America and Latin America.
  • On a competitive front, the global methanol market is fragmented and consists of a number of small and big players operating in the market. In 2018, Methanax represented the world’s largest methanol producer followed by SCC, SABIC, MGC, Mitsubishi, PETRONAS, IPCC and Mitsul.

Expert Market Research has analysed the global methanol market according to applications, major regions and top players:

Market breakup by Applications

  • Formaldehyde
  • Dimethyl Ether
  • Gasoline
  • Chloromethane
  • MTBE/TAME
  • Acetic Acid
  • DMT/Others
  • MTO/MTP
  • Solvents
  • Methylamines
  • Methyl Methacrylate

Market breakup by Major Regions

  • China
  • Asia (excluding China)
  • Europe
  • North America
  • Latin America

Top players

  • Methanax
  • SCC
  • SABIC
  • MGC
  • Mitsubishi
  • PETRONAS
  • IPCC
  • Mitsul

 

About Us

Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.

With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.

Contact Us

Expert Market Research
Websitewww.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports


Global Toluene Market Report and Forecast 2020-2025


Global N-Hexane Market Report and Forecast 2020-2025



NEWSLETTER