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Global Methanol Market: By Application: Formaldehyde, Methanol to Olefins (MTO), Fuel Applications, Methyl Tert-Butyl Ether (MTBE), Acetic Acid, Methyl Methacrylate (MMA), Methylamines; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Methanol Market Outlook

The global methanol market grew at a CAGR of around 5.5% in the historical period of 2017-2021. The market is further anticipated to witness a healthy growth in the forecast period of 2022-2027.

 

Global Methanol Market

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Increased Demand in Formaldehyde Production to Augment the Market Growth of Methanol

Based on application, the formaldehyde segment is anticipated to observe a significant growth in the forecast period. Methanol is used in the production of formaldehyde, which finds increased usage across industry verticals. Formaldehyde finds usage in the production of consumer products like furniture, carpeting, paper towel, and cosmetics, among others. In addition, the demand for formaldehyde in the automotive sector for manufacturing fuel system components and brake pads, among others and in the construction sector for producing plywood and particle board is expected to bolster the market growth in the forecast period.

 

The Asia Pacific Region to Provide Lucrative Opportunities for the Market Growth of Methanol

The Asia Pacific region is anticipated to provide lucrative opportunities for the market expansion in the forecast period. The increased use of methanol derivatives such as acetic acid, formaldehyde, and MMA, among others, across industries is driving the market growth of methanol in the region. China currently represents the largest market for methanol, owing to the increased product demand in methanol gasoline blending and dimethyl ether (DME), its use as a clean transportation fuel, and the country’s ability to produce abundant quantities domestically. In China, methanol is priced at a far lower value compared to wholesale gasoline, and the country is focusing on the mass production of methanol capable vehicles, including fleets of taxis and buses. Thus, the growing demand for methanol in fuel applications in the transportation sector is anticipated to propel the market growth in the forecast period.

 

Market Segmentation

Methanol (CH3OH) is a light, volatile, flammable, and poisonous liquid alcohol, which is biodegradable in nature. It is also known as “wood alcohol”, and is a colourless, water soluble liquid with mild alcoholic odour. Liquid methanol provides an excellent way to conveniently and safely store and transport energy. It is a liquid chemical, which is commonly used in the production of everyday products including solvents, plastic, fuel, and cosmetics, among others. The biodegradability and clean combustion, along with a low boiling temperature also contribute to the increased product utilisation across sectors.

 

Methanol Market by End Use

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By application, the market is segregated into:

  • Formaldehyde
  • Methanol to Olefins (MTO)
  • Fuel Applications
  • Methyl Tert-Butyl Ether (MTBE)
  • Acetic Acid
  • Methyl Methacrylate (MMA)
  • Methylamines
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Methanol Market by Region

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Diverse Application Potential of Methanol to Spearhead the Growth of the Global Methanol Industry

The market is being driven by the increasing applications of methanol across various end use industries. Methanol derivatives like formaldehyde, acetic acid, and MMA are used in the production of a variety of compounds and substances. For instance, fundamental chemical products like olefins can be produced via a methanol-to-olefin (MTO) process, along with various organic compounds like dimethyl ether (DME), a potential substitute for diesel oil which is used for its better combustion performance. In addition, acetic acid is used in the production of paints and adhesives, which are commonly utilised in the construction sector. Further, the growing use of methanol in manufacturing formaldehyde also supported the market growth, as formaldehyde is used in the healthcare sector to produce vaccines. The market is also supported by the rising demand in other application sectors including the energy sector, wherein it goes into the manufacturing of methyl tertiary butyl ether (MTBE), and methyl methacrylate (MMA), among others. Furthermore, the increasing use of methanol as a fuel in the automotive and aviation sectors is expected to drive its demand in the coming years. This can be attributed to the benefits of reduced fuel costs, efficient combustion, and low flammability associated with the use of methanol as a fuel alternative. The market is likely to benefit from the increased development of a methanol-based transportation system to promote the adoption of bio-methanol products obtained from timber, agricultural waste, and other renewable resources with rapid technological advancements.

 

Key Players in the Global Methanol Market

The report gives a detailed analysis of the following key players in the global methanol market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Methanex Corporation
  • Zagros Petrochemical Company
  • Mitsubishi Gas Chemical Company, Inc.
  • Celanese Corporation
  • Methanol Holdings (Trinidad) Limited
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model and SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- End Use, Region
Breakup by Application Formaldehyde, Methanol to Olefins (MTO), Fuel Applications, Methyl Tert-Butyl Ether (MTBE), Acetic Acid, Methyl Methacrylate (MMA), Methylamines, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Methanex Corporation, Methanol Holdings (Trinidad) Limited, Zagros Petrochemical Company, Mitsubishi Gas Chemical Company, Inc., Celanese Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 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    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Methanol Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Methanol Historical Market (2017-2021) 
    8.3    Global Methanol Market Forecast (2022-2027)
    8.4    Global Methanol Market by Application
        8.4.1    Formaldehyde
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Methanol to Olefins (MTO)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Fuel Applications
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Methyl Tert-Butyl Ether (MTBE)
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Acetic Acid
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
        8.4.6    Methyl Methacrylate (MMA)
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2017-2021)
            8.4.6.3    Forecast Trend (2022-2027)
        8.4.7    Methylamines
            8.4.7.1    Market Share
            8.4.7.2    Historical Trend (2017-2021)
            8.4.7.3    Forecast Trend (2022-2027)
        8.4.8    Others
    8.5    Global Methanol Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
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
    13.1    North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.2    Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.3    Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.4    Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.5    Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
14    Global Methanol Feedstock Market Analysis
    14.1    Global Coal Market Analysis
        14.1.1    Key Industry Highlights
        14.1.2    Global Coal Historical Market (2017-2021) 
        14.1.3    Global Coal Market Forecast (2022-2027)
        14.1.4    Global Coal Market by End Use
            14.1.4.1    Electricity
                14.1.4.1.1    Market Share
                14.1.4.1.2    Historical Trend (2017-2021)
                14.1.4.1.3    Forecast Trend (2022-2027)
            14.1.4.2    Steel
                14.1.4.2.1    Market Share
                14.1.4.2.2    Historical Trend (2017-2021)
                14.1.4.2.3    Forecast Trend (2022-2027)
            14.1.4.3    Cement
                14.1.4.3.1    Market Share
                14.1.4.3.2    Historical Trend (2017-2021)
                14.1.4.3.3    Forecast Trend (2022-2027)
            14.1.4.4    Others
        14.1.5    Global Coal Market by Region
            14.1.5.1    Market Share
                14.1.5.1.1    North America
                14.1.5.1.2    Europe
                14.1.5.1.3    Asia Pacific
                14.1.5.1.4    Latin America
                14.1.5.1.5    Middle East and Africa
        14.1.6    Trade Data Analysis (HS Code – 2701)
            14.1.6.1    Major Exporting Countries
                14.1.6.1.1    By Value
                14.1.6.1.2    By Volume
            14.1.6.2    Major Importing Countries
                14.1.6.2.1    By Value
                14.1.6.2.2    By Volume 
    14.2    Global Natural Gas Market Analysis
        14.2.1    Key Industry Highlights
        14.2.2    Global Natural Gas Historical Market (2017-2021) 
        14.2.3    Global Natural Gas Market Forecast (2022-2027)
        14.2.4    Global Natural Gas Market by End Use
            14.2.4.1    Electricity
                14.2.4.1.1    Market Share
                14.2.4.1.2    Historical Trend (2017-2021)
                14.2.4.1.3    Forecast Trend (2022-2027)
            14.2.4.2    Industrial
                14.2.4.2.1    Market Share
                14.2.4.2.2    Historical Trend (2017-2021)
                14.2.4.2.3    Forecast Trend (2022-2027)
            14.2.4.3    Transportation
                14.2.4.3.1    Market Share
                14.2.4.3.2    Historical Trend (2017-2021)
                14.2.4.3.3    Forecast Trend (2022-2027)
            14.2.4.4    Others
        14.2.5    Global Natural Gas Market by Region
            14.2.5.1    Market Share
                14.2.5.1.1    North America
                14.2.5.1.2    Europe
                14.2.5.1.3    Asia Pacific
                14.2.5.1.4    Latin America
                14.2.5.1.5    Middle East and Africa
        14.2.6    Trade Data Analysis (HS Code – 271121)
            14.2.6.1    Major Exporting Countries
                14.2.6.1.1    By Value
                14.2.6.1.2    By Volume
            14.2.6.2    Major Importing Countries
                14.2.6.2.1    By Value
                14.2.6.2.2    By Volume
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Methanex Corporation
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Zagros Petrochemical Company
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Mitsubishi Gas Chemical Company, Inc.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Celanese Corporation
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Methanol Holdings (Trinidad) Limited
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Others
16    Industry Events and Developments


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Key Figures and Tables

1.    Global Methanol Market: Key Industry Highlights, 2017 and 2027
2.    Global Methanol Historical Market: Breakup by End Use (Million Tons), 2017-2021
3.    Global Methanol Market Forecast: Breakup by End Use (Million Tons), 2022-2027
4.    Global Methanol Historical Market: Breakup by Region (Million Tons), 2017-2021
5.    Global Methanol Market Forecast: Breakup by Region (Million Tons), 2022-2027
6.    North America Methanol Historical Market: Breakup by Country (Million Tons), 2017-2021
7.    North America Methanol Market Forecast: Breakup by Country (Million Tons), 2022-2027
8.    Europe Methanol Historical Market: Breakup by Country (Million Tons), 2017-2021
9.    Europe Methanol Market Forecast: Breakup by Country (Million Tons), 2022-2027
10.    Asia Pacific Methanol Historical Market: Breakup by Country (Million Tons), 2017-2021
11.    Asia Pacific Methanol Market Forecast: Breakup by Country (Million Tons), 2022-2027
12.    Latin America Methanol Historical Market: Breakup by Country (Million Tons), 2017-2021
13.    Latin America Methanol Market Forecast: Breakup by Country (Million Tons), 2022-2027
14.    Middle East and Africa Methanol Historical Market: Breakup by Country (Million Tons), 2017-2021
15.    Middle East and Africa Methanol Market Forecast: Breakup by Country (Million Tons), 2022-2027
16.    Major Methanol Exporting Countries by Value
17.    Major Methanol Importing Countries by Value
18.    Major Methanol Exporting Countries by Volume
19.    Major Methanol Importing Countries by Volume
20.    North America Historical Price Trends and Forecast 2017-2027
21.    Europe Historical Price Trends and Forecast 2017-2027
22.    Asia Pacific Historical Price Trends and Forecast 2017-2027
23.    Latin America Historical Price Trends and Forecast 2017-2027
24.    Middle East and Africa Historical Price Trends and Forecast 2017-2027
25.    Global Coal Market: Key Industry Highlights, 2017 and 2027
26.    Global Coal Historical Market: Breakup by End Use (Million Tons), 2017-2021
27.    Global Coal Market Forecast: Breakup by End Use (Million Tons), 2022-2027
28.    Global Coal Historical Market: Breakup by Region (Million Tons), 2017-2021
29.    Global Coal Market Forecast: Breakup by Region (Million Tons), 2022-2027
30.    Major Coal Exporting Countries by Value
31.    Major Coal Importing Countries by Value
32.    Major Coal Exporting Countries by Volume
33.    Major Coal Importing Countries by Volume
34.    Global Natural Gas Market: Key Industry Highlights, 2017 and 2027
35.    Global Natural Gas Historical Market: Breakup by End Use (Million Tons), 2017-2021
36.    Global Natural Gas Market Forecast: Breakup by End Use (Million Tons), 2022-2027
37.    Global Natural Gas Historical Market: Breakup by Region (Million Tons), 2017-2021
38.    Global Natural Gas Market Forecast: Breakup by Region (Million Tons), 2022-2027
39.    Major Natural Gas Exporting Countries by Value
40.    Major Natural Gas Importing Countries by Value
41.    Major Natural Gas Exporting Countries by Volume
42.    Major Natural Gas Importing Countries by Volume
43.    Global Methanol Market Structure

Key Questions Answered in the Report

The market grew at a CAGR of 5.5% between 2016 and 2020.

The major industry drivers are extensive use in the automotive industry as a transportation fuel and antifreeze agent for automobile radiators.

The key trends in the market are usage of methanol manufacturing of dimethyl ether (DME) and methyl tert-butyl ether (MTBE), which are safer alternatives to traditional gasoline.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Asia Pacific accounting for the largest share in the market.

Formaldehyde is the dominant application in the industry.

The major players in the industry are Methanex Corporation, Methanol Holdings (Trinidad) Limited, Zagros Petrochemical Company, Mitsubishi Gas Chemical Company, Inc., Celanese Corporation, Others.

Analyst Review

The global methanol market is driven by the extensive use in the automotive industry as a transportation fuel and antifreeze agent for automobile radiators. Aided by the usage of methanol manufacturing of Dimethyl ether (DME) and Methyl tert-butyl ether (MTBE), which are safer alternatives to traditional gasoline, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 5.5%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its application, the methanol industry can be segmented into formaldehyde, methanol to olefins (MTO), fuel applications, methyl tert-butyl ether (MTBE), acetic acid, methyl methacrylate (MMA), methylamines, with formaldehyde accounting for the largest market share. The major regional markets for methanol are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Asia Pacific accounting for the largest share of the market. The key players in the above market include Methanex Corporation, Methanol Holdings (Trinidad) Limited, Zagros Petrochemical Company, Mitsubishi Gas Chemical Company, Inc., Celanese Corporation, Others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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