Methanol(CH3OH) is a light, volatile, flammable and poisonous liquid alcohol. It is also known as “wood alcohol”, a colourless, water soluble liquid with mild alcoholic odour. Liquid methanol provides an excellent way to conveniently and safely store and transport energy. Further, fundamental chemical products like olefins can be produced via a methanol-to-olefin (MTO) process and various organic compounds like dimethyl ether (DME), that is a potential substitute of diesel oil for its better combustion performance. During 2014-2018, the global methanol market grew at a CAGR of around 9.3%. The market is currently driven by demand in end-use industries which mainly include chemicals and energy. In the chemicals industry, it is used mainly to manufacture formaldehyde, acetic acid etc. and in the energy industry, it goes into the manufacturing of methyl tertiary butyl ether (MTBE), tertiary amyl methyl ether (TAME), di-methyl ether (DME) etc. The increasing use of methanol as a fuel in the automotive industry will also drive its demand in the coming years. This report by Expert Market Research entitled “Methanol Market Report and Forecast 2019-2024” provides a comprehensive analysis for anyone who plans to foray into the methanol market.
Historical market trends for the methanol industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global methanol market into the following regions – China, Asia (excluding China), Europe, North America and Others. China currently represents the largest market. On the basis of end-use, the global methanol market has been segmented as formaldehyde, dimethyl, gasoline/fuel, chloromethanes, MTBE/TAME and others. Formaldehyde and dimethyl currently represent the biggest end use markets for methanol.
The value chain analysis of methanol has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the methanol industry has also been provided. The report also covers the global import and export trends of methanol with the United States being the largest importer and Saudi Arabia being the largest exporter.
This report provides an exhaustive insight into the manufacturing of methanol. Factors such as chemical reactions involved, process flow, raw material requirements, mass balance and various manufacturing steps have been thoroughly discussed in the report. The report also provides a comprehensive market evaluation of the major feedstocks required for manufacturing methanol viz. natural gas and coal. For each feedstock, the report provides market trends, price trends, market by application, market by region and its key manufacturers.
The following are the key questions answered by this report:
- What are the market trends for the global methanol market?
- Which are the biggest markets (regions) for methanol?
- What are the key application areas for methanol?
- Who are the key manufacturers in the methanol market?
- What are the price trends of methanol?
- What are the raw material requirements for the manufacturing of methanol?
- What are the chemical reactions involved during the manufacturing of methanol?
- Who are the major importers and exporters of methanol?
- What is the value chain analysis of the methanol industry?
- What are the market trends of major feedstocks?
- What are the price trends of major feedstocks?
- Which are the biggest markets (regions) for major feedstocks?
- What are the key application areas for various feedstocks?
- Who are the key players for various feedstocks?
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the methanol industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complimented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector specific events and assumptions are taken into account to generate the final forecast.