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CHEMICALS AND ADVANCED MATERIALS

Methanol Market Segmentation by Feedstock (Coal, Natural Gas, and Others); by Derivative {Formaldehyde, Acetic Acid, Methanol to Olefins (MTO), Gasoline, Dimethyl Ether (DME), and Others}; by Application; and by End-Use Industry – Global Demand Analysis & Opportunity Outlook 2020-2030

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Extensive insights into the Growth of Methanol Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • March 24, 2021: Celanese Corporation announced that it would begin utilizing recycled carbon dioxide as an alternative feedstock for the production of methanol in its Clear Lake, Texas integrated chemical manufacturing facility.
  • March 26, 2021: Mitsui & Co. Ltd., announced that its subsidiary, Fairway Methanol LLC, which was established in collaboration with Celanese Corporation, would increase the production of methanol to around 130,000 tons per year. The company plans to purchase carbon dioxide from surrounding plants and effectively use it to produce the chemical compound.

Global Methanol Market Highlights Over 2020 - 2030

The global methanol market garnered a revenue of USD 29007.9 Million in the year 2020 and is further expected to reach USD 55110.5 Million by the end of 2030 by growing with a CAGR of 5.2% during the forecast period, i.e., 2021-2030. The growth of the market can be attributed to the growing demand for methanol from end user industries, followed by the surge in demand for methanol-based fuel. Methanol is known to have varied industrial applications, ranging from dyes to biodiesel, and explosives to medicines. Moreover, for the presence of numerous favorable properties of methanol, it can be converted into various kinds of chemicals, one of them being formaldehyde dimethyl ether. In the paint industry, methanol is used to manufacture inks, resins, adhesives, and dyes. It is also used to manufacture plastics, and various press textiles. In the pharmaceutical industry, methanol is used widely as ingredients for manufacturing vitamins, hormones, cholesterol, and streptomycin. Besides this, the production of biodiesel requires methanol through a trans-esterification reaction. A derivative of methanol, known as dimethyl ether, is an alternative to diesel and is blended with liquefied petroleum gas (LPG) for home heating and cooking. According to the Alternative Fuels Data Center (AFDC) of the U.S. Dept. of Energy, in the 1990s, methanol was marketed as an alternative fuel for compatible vehicles. Moreover, in the U.S., nearly 6 Million gasoline gallon equivalents of 100% methanol and blends of 85% methanol and 15% gasoline were used as an alternative fuel in vehicles annually.

Global Methanol Market

The one other area where methanol is used widely is in the petrochemicals industry. The production of petrochemicals over the past few years has grown massively, backed by the increasing demand for petrochemical products amongst the end users. Essential polymers, such as high-density polyethylene (HDPE), low-density polyethylene (LDPE), and polypropylene (PP), are produced from ethylene, propylene, and butene. These three chemicals are produced from methanol by a conversion process known as methanol to olefins (MTO). Apart from this, the market is anticipated to grow on account of the increasing production of methanol around the globe. According to the statistics by the Methanol Institute, there are over 90 methanol plants around the globe and the total combined production capacity of these plants was about 110 Million metric tons. CLICK TO DOWNLOAD SAMPLE REPORT

Global Methanol Market Regional Synopsis

Regionally, the global methanol market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific is anticipated to hold the largest market share throughout the forecast period and further attain a market revenue of USD 42063.4 Million by the end of 2030, up from a revenue of USD 21362.7 Million in 2020. The market in the region is also anticipated to grow with the highest CAGR of 5.6% during the forecast period. The growth of the market in the region can primarily be attributed to the presence of numerous manufacturers of methanol in China, which is also the world’s largest producer of methanol. Progress in construction activities in the region, along with the rising focus of the government of nations to produce eco-friendly products, and stringent government norms regarding emission control, are some of the significant factors anticipated to drive the growth of the market in the region. The market in the region is segmented by countries into China, India, Japan, South Korea, Singapore, Australia, Vietnam, and Rest of Asia Pacific. Amongst these countries, the market in China is anticipated to hold the largest market share of 74.50% by the end of 2030 and further attain a revenue of USD 31337.3 Million in the same year.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Methanol Market

Growth Drivers and Challenges Impacting the Growth of the Global Methanol Market

Growth Drivers

  • Growing Demand for Methanol from End User Industries
  • Rise in Awareness for the Benefits of Methanol-based Fuel

Challenges

  • Concern for Health Upon Exposure to Methanol
  • Availability of Low-Cost Alternatives

Global Methanol Market Segmentation Synopsis

The global methanol market is segmented by feedstock into coal, natural gas, and others. Amongst these segments, the coal segment is anticipated to hold the largest market share and further attain a revenue of USD 32509.5 Million by the end of 2030, up from a revenue of USD 19017.2 Million in 2020. The natural gas segment, on the other hand, is anticipated to hold the second leading stance and further grow with a CAGR of 7% during the forecast period. The rise in demand for natural gas worldwide for different end use applications, is one of the major factors anticipated to drive the growth of the segment in the coming years. According to the statistics by the U.S. Energy Information Administration (EIA), total consumption of natural gas in the United States increased from 24086797 MMcf in the year 2010 to 31014345 MMcf in the year 2019.

Methanol

The market is further segmented by derivatives into formaldehyde, acetic acid, methyl tert-butyl ether (MTBE), methanol to olefins (MTO), gasoline, dimethyl ether (DME), and others. Amongst these segments, the methanol to olefins (MTO) segment is expected to hold the largest market share and further attain a revenue of USD 18607.2 Million by the end of 2030. The dimethyl ether (DME) segment, on the other hand, is expected to grow with the highest CAGR of 5.7% during the forecast period. On the basis of application, the market is segmented into transportation fuel, cooking fuel, wastewater treatment, chemical additive, and others. Out of these, the transportation fuel segment is anticipated to hold the largest revenue of USD 21797.5 Million by the end of 2030, up from USD 11219.4 Million in 2020. The market is also segmented by end use industry into paints & coatings, automotive, construction, pharmaceuticals, electronics, agriculture, and others, out of which, the automotive segment is anticipated to hold the largest market share and further attain a revenue of USD 22338.2 Million by the end of 2030.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global methanol market that are included in our report are Celanese Corporation, SABIC, Zagros Petrochemical Company, Petroliam Nasional Berhad (PETRONAS), Mitsui & Co., Ltd., BASF SE, Atlantic Methanol, LyondellBasell Industries Holdings B.V., Methanex Corporation, Mitsubishi Gas Chemical Company, Inc., and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

  1. Market Definition and Research Methodology
    1. Market Definition and Segmentation
    2. Assumptions and Acronyms
    3. Research Objective
    4. Research Methodology
  2. Executive Summary
  3. Market Dynamics
    1. Drivers
    2. Restraints
    3. Opportunities
    4. Trends
  4. Industry Analysis
    1. Regulatory and Standards Landscape
    2. Industry Risk Analysis
    3. Value Chain Analysis
    4. Impact of COVID-19
    5. EXIM Analysis
  5. Competitive Landscape
    1. Market Share Analysis
    2. Competitive Benchmarking
    3. Comparative Analysis
    4. Company Profiles
      1. Celanese Corporation
      2. SABIC
      3. Zagros Petrochemical Company
      4. Petroliam Nasional Berhad (PETRONAS)
      5. Mitsui & Co., Ltd.
      6. BASF SE
      7. Atlantic Methanol
      8. LyondellBasell Industries Holdings B.V.
      9. Methanex Corporation
      10. Mitsubishi Gas Chemical Company, Inc.
  6. Global Methanol Market
    1. Market Overview – Market Size (2020–2030)
    2. Market segmentation by:
      1. Feedstock
        1. Coal, 2020-2030 (in USD Million & Kilotons)
        2. Natural Gas, 2020-2030 (in USD Million & Kilotons)
        3. Others, 2020-2030 (in USD Million & Kilotons)
        4. Derivative
      2. Formaldehyde, 2020-2030 (in USD Million & Kilotons)
        1. Acetic acid, 2020-2030 (in USD Million & Kilotons)
        2. Methyl tert-butyl Ether (MTBE), 2020-2030 (in USD Million & Kilotons)
        3. Methanol to Olefins (MTO), 2020-2030 (in USD Million & Kilotons)
        4. Gasoline, 2020-2030 (in USD Million & Kilotons)
        5. Dimethyl Ether (DME), 2020-2030 (in USD Million & Kilotons)
        6. Others, 2020-2030 (in USD Million & Kilotons)
      3. Application
        1. Transportation Fuel, 2020-2030 (in USD Million & Kilotons)
        2. Cooking Fuel, 2020-2030 (in USD Million & Kilotons)
        3. Wastewater Treatment, 2020-2030 (in USD Million & Kilotons)
        4. Chemical Additive, 2020-2030 (in USD Million & Kilotons)
        5. Others, 2020-2030 (in USD Million & Kilotons)
      4. End-use Industry
        1. Paint & Coating, 2020-2030 (in USD Million & Kilotons)
        2. Automotive, 2020-2030 (in USD Million & Kilotons)
        3. Construction, 2020-2030 (in USD Million & Kilotons)
        4. Pharmaceutical, 2020-2030 (in USD Million & Kilotons)
        5. Electronics,2020-2030 (in USD Million & Kilotons)
        6. Agriculture, 2020-2030 (in USD Million & Kilotons)
        7. Others, 2020-2030 (in USD Million & Kilotons)
      5. Region
        1. North America, 2020-2030 (in USD Million)
        2. Europe, 2020-2030 (in USD Million)
        3. Asia Pacific, 2020-2030 (in USD Million)
        4. Latin America, 2020-2030 (in USD Million)
        5. Middle East and Africa, 2020-2030 (in USD Million)
  7. North America Methanol Market
    1. Market Overview – Market Size (2020–2030)
    2. Pricing Outlook (USD/Ton)
    3. Production Analysis (Kilotons)
    4. Market segmentation by:
      1. Feedstock
        1. Coal, 2020-2030 (in USD Million & Kilotons)
        2. Natural Gas, 2020-2030 (in USD Million & Kilotons)
        3. Others, 2020-2030 (in USD Million & Kilotons)
      2. Derivative
        1. Formaldehyde, 2020-2030 (in USD Million & Kilotons)
        2. Acetic acid, 2020-2030 (in USD Million & Kilotons)
        3. Methyl tert-butyl Ether (MTBE), 2020-2030 (in USD Million & Kilotons)
        4. Methanol to Olefins (MTO), 2020-2030 (in USD Million & Kilotons)
        5. Gasoline, 2020-2030 (in USD Million & Kilotons)
        6. Dimethyl Ether (DME), 2020-2030 (in USD Million & Kilotons)
        7. Others, 2020-2030 (in USD Million & Kilotons)
      3. Application
        1. Transportation Fuel, 2020-2030 (in USD Million & Kilotons)
        2. Cooking Fuel, 2020-2030 (in USD Million & Kilotons)
        3. Wastewater Treatment, 2020-2030 (in USD Million & Kilotons)
        4. Chemical Additive, 2020-2030 (in USD Million & Kilotons)
        5. Others, 2020-2030 (in USD Million & Kilotons)
      4. End-use Industry
        1. Paint & Coating, 2020-2030 (in USD Million & Kilotons)
        2. Automotive, 2020-2030 (in USD Million & Kilotons)
        3. Construction, 2020-2030 (in USD Million & Kilotons)
        4. Pharmaceutical, 2020-2030 (in USD Million & Kilotons)
        5. Electronics,2020-2030 (in USD Million & Kilotons)
        6. Agriculture, 2020-2030 (in USD Million & Kilotons)
        7. Others, 2020-2030 (in USD Million & Kilotons)
      5. Country
        1. US, 2020-2030 (in USD Million)
        2. Canada, 2020-2030 (in USD Million)
  8. Europe Methanol Market
    1. Market Overview – Market Size (2020–2030)
    2. Pricing Outlook (USD/Ton)
    3. Production Analysis (Kilotons)
    4. Market segmentation by:
      1. Feedstock
      2. Derivative
      3. Application
      4. End-use Industry
      5. Country
        1. UK, 2020-2030 (in USD Million & Kilotons)
        2. Germany, 2020-2030 (in USD Million & Kilotons)
        3. France, 2020-2030 (in USD Million & Kilotons)
        4. Italy, 2020-2030 (in USD Million & Kilotons)
        5. Spain, 2020-2030 (in USD Million & Kilotons)
        6. Russia, 2020-2030 (in USD Million & Kilotons)
        7. Netherlands, 2020-2030 (in USD Million & Kilotons)
        8. Rest of Europe, 2020-2030 (in USD Million & Kilotons)
  9. Asia Pacific Methanol Market
    1. Market Overview – Market Size (2020–2030)
    2. Pricing Outlook (USD/Ton)
    3. Production Analysis (Kilotons)
    4. Market segmentation by:
      1. Feedstock
      2. Derivative
      3. Application
      4. End-use Industry
      5. Country
        1. China, 2020-2030 (in USD Million & Kilotons)
        2. India, 2020-2030 (in USD Million & Kilotons)
        3. Japan, 2020-2030 (in USD Million & Kilotons)
        4. South Korea, 2020-2030 (in USD Million & Kilotons)
        5. Singapore, 2020-2030 (in USD Million & Kilotons)
        6. Australia, 2020-2030 (in USD Million & Kilotons)
        7. Vietnam, 2020-2030 (in USD Million & Kilotons)
        8. Rest of Asia Pacific, 2020-2030 (in USD Million & Kilotons)
  10. Latin America Methanol Market
    1. Market Overview – Market Size (2020–2030)
    2. Pricing Outlook (USD/Ton)
    3. Production Analysis (Kilotons)
    4. Market segmentation by:
      1. Feedstock
      2. Derivative
      3. Application
      4. End-use Industry
      5. Country
        1. Brazil, 2020-2030 (in USD Million & Kilotons)
        2. Mexico, 2020-2030 (in USD Million & Kilotons)
        3. Argentina, 2020-2030 (in USD Million & Kilotons)
        4. Rest of Latin America, 2020-2030 (in USD Million & Kilotons)
  11. Middle East & Africa Methanol Market
    1. Market Overview – Market Size (2020–2030)
    2. Pricing Outlook (USD/Ton)
    3. Production Analysis (Kilotons)
    4. Market segmentation by:
      1. Feedstock
      2. Derivative
      3. Application
      4. End-use Industry
      5. Country
        1. GCC, 2020-2030 (in USD Million & Kilotons)
        2. Israel, 2020-2030 (in USD Million & Kilotons)
        3. South Africa, 2020-2030 (in USD Million & Kilotons)
        4. Rest of Middle East & Africa, 2020-2030 (in USD Million & Kilotons)

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