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Europe Methanol Market

Europe Methanol Market Size, Share, Trends, Growth, Forecast: By Feedstock: Natural Gas, Coal Gasification, Renewable Sources; By Application: Formaldehyde, Methanol to Olefins (MTO), Methyl Tert-Butyl Ether (MTBE) and Dimethyl Ether (DME), Gasoline Blending, Others; Regional Analysis; Competitive Landscape; 2024-2032

Europe Methanol Market Outlook

The Europe methanol market size reached a volume of 11.16 million tons in 2023. During the forecast period of between 2024 and 2032, the market is expected to grow at a CAGR of 3.5% to reach a volume of around 15.26 million tons by 2032.

 

Key Trends in the Market

Methanol is the most fundamental member of the alcohol family of chemical compounds, sometimes referred to as methyl alcohol, wood spirit, or wood alcohol. Nowadays, methanol is produced by directly combining hydrogen and carbon monoxide in the presence of a catalyst. Historically, it was created by distilling wood, which was a relatively dangerous process.

 

  • Methanol is used in the production of petrochemicals on a vast scale. The growing need for petrochemicals is driving the Europe methanol market development. The use of petrochemicals in end-use industries like automotive and construction is one of the key trends of the methanol market.
  • Methanol is growing in popularity as a marine fuel due to its favourable environmental effects, widespread availability, economic competitiveness, and effective and secure applications. Methanol reduces emissions of particulate matter, along with nitrogen oxides (NOx), and sulphur oxides (SOx).
  • Formaldehyde, methyl tert-butyl ether, dimethyl ether, and acetic acid, which are used to make foams, plywood subfloors, solvents, adhesives, and windshield washer fluid, are all produced using methanol as a feedstock, thus aiding the Europe methanol market growth.
  • The market is anticipated to be fuelled by rising methanol consumption for the creation of dimethyl ether and methyl tert-butyl ether (MTBE), which are used as gasoline substitutes. DME is combined with liquefied natural gas (LNG) and used as a propellant in aerosols as well as a fuel (diesel) in passenger vehicles.

 

Europe Methanol Market Analysis

Based on feedstock, the market is divided into natural gas, coal gasification, and renewable sources. The market on the basis of application can be segmented into formaldehyde, methanol to olefins (MTO), methyl tert-butyl ether (MTBE) and dimethyl ether (DME), gasoline blending, acetic acid, methyl methacrylate (MMA), and methylamines, among others. The major countries for methanol in Europe can be divided into the United Kingdom, Germany, France, and Nordics, among others.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Europe methanol market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • Methanex Corporation
  • Proman GmbH
  • SABIC
  • OCI N.V.
  • Mitsubishi Gas Chemical Europe
  • Mitsui & Co., Ltd.
  • LyondellBasell Industries Holdings B.V.
  • Others

 

Market Share by Application

Formaldehyde is one of the leading application segments in the Europe methanol market. To make interior moulded parts of vehicles lighter and more fuel-efficient, formaldehyde resins are widely employed in manufacturing. Formaldehyde-releasing compounds are employed as preservatives in the personal care industry to prevent the growth of bacteria.

 

Methanol is one of the key ingredients in the methanol-to-olefins process, which produces olefins like ethylene and propylene. These olefins are frequently used in the production of synthetic rubbers, plastics, pharmaceuticals, and textile dyes.

 

Acetic acid is frequently esterified using methanol. The rhodium-catalysed carbonylation method is the most widely used method for acetic acid synthesis during which methanol and carbon monoxide react. Additionally, acetic acid helps in the manufacture of cellulose, nitrates, and the widely used solvent forester known as methyl acetate.

 

Market Share by Country

Germany is one of the major producers of new biopharmaceuticals. The increased environmental concerns, technological advancements, support from the government, and mandates for environmentally friendly supplies and processes, and are the main factors driving the growth of the methanol market in Germany. The Europe methanol market is being further stimulated by high oil prices. Methanol is now being used more frequently in manufacturing by numerous end-user sectors. Germany is actively pushing innovative sustainable technologies based on green hydrogen, methanol, and ammonia through government incentives and the required policy frameworks, similar to other European countries.

 

Competitive Landscape

Methanex Corporation is one of the largest producers and suppliers of methanol in the world, with main export markets comprising of Europe, North America, Asia Pacific, and South America. Methanex is a Canadian company with its headquarters in Vancouver; it now has production facilities in Egypt, Canada, Chile, the United States, New Zealand, and Trinidad and Tobago.

 

Proman GmbH, which was established in Düsseldorf in Germany in 1984, is a world leader in the production of melamine, fertilisers, and other products generated from natural gas. The business provides value along the whole supply chain, from project development and production to marketing and logistics, using its distinctive, completely integrated approach.

 

SABIC is a multinational, chemically diverse firm with its headquarters in Riyadh, Saudi Arabia. It produces a wide range of goods on a global scale throughout Europe, the Americas, the Middle East, and Asia-Pacific, including metals, agri-nutrients, commodity and high-performance plastics, and chemicals. It is a top producer of chemicals, fertilisers, polymers, and metals worldwide.

 

Other market players include OCI N.V., Mitsubishi Gas Chemical Europe, Mitsui & Co., Ltd., and LyondellBasell Industries Holdings B.V., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Feedstock
  • Application
  • Region
Breakup by Feedstock
  • Natural Gas
  • Coal Gasification
  • Renewable Sources
Breakup by Application
  • Formaldehyde
  • Methanol to Olefins (MTO)
  • Methyl Tert-Butyl Ether (MTBE) and Dimethyl Ether (DME)
  • Gasoline Blending
  • Acetic Acid
  • Methyl Methacrylate (MMA)
  • Methylamines
  • Others
Breakup by Region
  • United Kingdom
  • Nordics
  • Germany
  • France
  • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Methanex Corporation
  • Proman GmbH
  • SABIC
  • OCI N.V.
  • Mitsubishi Gas Chemical Europe
  • Mitsui & Co., Ltd.
  • LyondellBasell Industries Holdings B.V.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Market Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Industry Opportunities and Challenges
8    Europe Methanol Market Analysis

    8.1    Key Industry Highlights
    8.2    Europe Methanol Historical Market (2018-2023) 
    8.3    Europe Methanol Market Forecast (2024-2032)
    8.4    Europe Methanol Market by Feedstock
        8.4.1    Natural Gas
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
        8.4.2    Coal Gasification
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
        8.4.3    Renewable Sources
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2023)
            8.4.3.3    Forecast Trend (2024-2032)
    8.5    Europe Methanol Market by Application
        8.5.1    Formaldehyde
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2023)
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    Methanol to Olefins (MTO)
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023)
            8.5.2.3    Forecast Trend (2024-2032)
        8.5.3    Methyl Tert-Butyl Ether (MTBE) and Dimethyl Ether (DME)
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2023)
            8.5.3.3    Forecast Trend (2024-2032)
        8.5.4    Gasoline Blending
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2023)
            8.5.4.3    Forecast Trend (2024-2032)
        8.5.5    Acetic Acid
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2023)
            8.5.5.3    Forecast Trend (2024-2032)
        8.5.6    Methyl Methacrylate (MMA)
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2018-2023)
            8.5.6.3    Forecast Trend (2024-2032)
        8.5.7    Methylamines
            8.5.7.1    Market Share
            8.5.7.2    Historical Trend (2018-2023)
            8.5.7.3    Forecast Trend (2024-2032)
        8.5.8    Others
    8.6    Europe Methanol Market Share by Country
        8.6.1    United Kingdom
        8.6.2    Nordics
        8.6.3    Germany
        8.6.4    France
        8.6.5    Others
9    United Kingdom Methanol Market Analysis
    9.1    Key Industry Highlights
    9.2    United Kingdom Methanol Historical Market (2018-2023) 
    9.3    United Kingdom Methanol Market Forecast (2024-2032)
    9.4    United Kingdom Methanol Market by Feedstock
        9.4.1    Natural Gas
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2018-2023)
            9.4.1.3    Forecast Trend (2024-2032)
        9.4.2    Coal Gasification
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2018-2023)
            9.4.2.3    Forecast Trend (2024-2032)
        9.4.3    Renewable Sources
            9.4.3.1    Market Share
            9.4.3.2    Historical Trend (2018-2023)
            9.4.3.3    Forecast Trend (2024-2032)
    9.5    United Kingdom Methanol Market by Application
        9.5.1    Formaldehyde
            9.5.1.1    Market Share
            9.5.1.2    Historical Trend (2018-2023)
            9.5.1.3    Forecast Trend (2024-2032)
        9.5.2    Methanol to Olefins (MTO)
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2018-2023)
            9.5.2.3    Forecast Trend (2024-2032)
        9.5.3    Methyl Tert-Butyl Ether (MTBE) and Dimethyl Ether (DME)
            9.5.3.1    Market Share
            9.5.3.2    Historical Trend (2018-2023)
            9.5.3.3    Forecast Trend (2024-2032)
        9.5.4    Gasoline Blending
            9.5.4.1    Market Share
            9.5.4.2    Historical Trend (2018-2023)
            9.5.4.3    Forecast Trend (2024-2032)
        9.5.5    Acetic Acid
            9.5.5.1    Market Share
            9.5.5.2    Historical Trend (2018-2023)
            9.5.5.3    Forecast Trend (2024-2032)
        9.5.6    Methyl Methacrylate (MMA)
            9.5.6.1    Market Share
            9.5.6.2    Historical Trend (2018-2023)
            9.5.6.3    Forecast Trend (2024-2032)
        9.5.7    Methylamines
            9.5.7.1    Market Share
            9.5.7.2    Historical Trend (2018-2023)
            9.5.7.3    Forecast Trend (2024-2032)
        9.5.8    Others
10    Nordics Methanol Market Analysis
    10.1    Key Industry Highlights
    10.2    Nordics Methanol Historical Market (2018-2023) 
    10.3    Nordics Methanol Market Forecast (2024-2032)
    10.4    Nordics Methanol Market by Feedstock
        10.4.1    Natural Gas
            10.4.1.1    Market Share
            10.4.1.2    Historical Trend (2018-2023)
            10.4.1.3    Forecast Trend (2024-2032)
        10.4.2    Coal Gasification
            10.4.2.1    Market Share
            10.4.2.2    Historical Trend (2018-2023)
            10.4.2.3    Forecast Trend (2024-2032)
        10.4.3    Renewable Sources
            10.4.3.1    Market Share
            10.4.3.2    Historical Trend (2018-2023)
            10.4.3.3    Forecast Trend (2024-2032)
    10.5    Nordics Methanol Market by Application
        10.5.1    Formaldehyde
            10.5.1.1    Market Share
            10.5.1.2    Historical Trend (2018-2023)
            10.5.1.3    Forecast Trend (2024-2032)
        10.5.2    Methanol to Olefins (MTO)
            10.5.2.1    Market Share
            10.5.2.2    Historical Trend (2018-2023)
            10.5.2.3    Forecast Trend (2024-2032)
        10.5.3    Methyl Tert-Butyl Ether (MTBE)
            10.5.3.1    Market Share
            10.5.3.2    Historical Trend (2018-2023)
            10.5.3.3    Forecast Trend (2024-2032)
        10.5.4    Dimethyl Ether (DME)
            10.5.4.1    Market Share
            10.5.4.2    Historical Trend (2018-2023)
            10.5.4.3    Forecast Trend (2024-2032)
        10.5.5    Gasoline Blending
            10.5.5.1    Market Share
            10.5.5.2    Historical Trend (2018-2023)
            10.5.5.3    Forecast Trend (2024-2032)
        10.5.6    Acetic Acid
            10.5.6.1    Market Share
            10.5.6.2    Historical Trend (2018-2023)
            10.5.6.3    Forecast Trend (2024-2032)
        10.5.7    Methyl Methacrylate (MMA)
            10.5.7.1    Market Share
            10.5.7.2    Historical Trend (2018-2023)
            10.5.7.3    Forecast Trend (2024-2032)
        10.5.8    Methylamines
            10.5.8.1    Market Share
            10.5.8.2    Historical Trend (2018-2023)
            10.5.8.3    Forecast Trend (2024-2032)
        10.5.9    Others
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyer’s Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    Key Indicators for Demand
    11.4    Key Indicators for Price
12    Trade Data Analysis (HS Code: 290511)
    12.1    Major Exporting Countries
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1    By Value
        12.2.2    By Volume
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Methanex Corporation
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Proman GmbH
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    SABIC
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    OCI N.V. 
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Mitsubishi Gas Chemical Europe
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Mitsui & Co., Ltd.
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Demographic Reach and Achievements
            14.2.6.4    Certifications
        14.2.7    LyondellBasell Industries Holdings B.V.
            14.2.7.1    Company Overview
            14.2.7.2    Product Portfolio
            14.2.7.3    Demographic Reach and Achievements
            14.2.7.4    Certifications
        14.2.8    Others
15    Key Trends and Developments in the Market


List of Figures and Tables

1.    Europe Methanol Market: Key Industry Highlights, 2018 and 2032
2.    Europe Methanol Historical Market: Breakup by Feedstock (USD Million), 2018-2023
3.    Europe Methanol Market Forecast: Breakup by Feedstock (USD Million), 2024-2032
4.    Europe Methanol Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Europe Methanol Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Europe Methanol Historical Market: Breakup by Country (USD Million), 2018-2023
7.    Europe Methanol Market Forecast: Breakup by Country (USD Million), 2024-2032
8.    United Kingdom Methanol Market: Key Industry Highlights, 2018 and 2032
9.    United Kingdom Methanol Historical Market: Breakup by Feedstock (USD Million), 2018-2023
10.    United Kingdom Methanol Market Forecast: Breakup by Feedstock (USD Million), 2024-2032
11.    United Kingdom Methanol Historical Market: Breakup by Application (USD Million), 2018-2023
12.    Nordics Methanol Market Forecast: Breakup by Application (USD Million), 2024-2032
13.    Nordics Methanol Market: Key Industry Highlights, 2018 and 2032
14.    Nordics Methanol Historical Market: Breakup by Feedstock (USD Million), 2018-2023
15.    Nordics Methanol Market Forecast: Breakup by Feedstock (USD Million), 2024-2032
16.    Nordics Methanol Historical Market: Breakup by Application (USD Million), 2018-2023
17.    Nordics Methanol Market Forecast: Breakup by Application (USD Million), 2024-2032
18.    Major Exporting Countries by Value
19.    Major Importing Countries by Value 
20.    Major Exporting Countries by Volume 
21.    Major Importing Countries by Volume
22.    Europe Methanol Market Structure

Key Questions Answered in the Report

In 2023, the market attained a volume of nearly 11.16 million tons.

The Europe methanol market is projected to grow at a CAGR of 3.5% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach 15.26 million tons by 2032.

The major drivers of the market for methanol in Europe include the environmental benefits of methanol, initiatives by various governments, increasing consumption of methanol for the production of dimethyl ether, and increasing demand for methanol in the automotive industry.

The rising demand for petrochemicals and the growing interest in clean-burning fuels are the key industry trends propelling the growth of the market.

The major players in the industry are Methanex Corporation, Proman GmbH, SABIC, OCI N.V., Mitsubishi Gas Chemical Europe, Mitsui & Co., Ltd., and LyondellBasell Industries Holdings B.V., among others.

Methanol (methyl alcohol, wood alcohol) can be found in industrial solvents, carburettor fluid, antifreeze, and bottled fuels, among other products.

Methanol should not be consumed because it is highly toxic and unfit for consumption. It is included in ethanol to denature it, making it unfit for consumption. Methanol consumption can harm the visual nerve and potentially result in blindness.

The primary feedstocks for methanol in Europe are natural gas, coal gasification, and renewable sources.

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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.

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