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Methanol Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 220 Pages
SKU # FOB19224280

Description

Methanol Market



Growth Factors of Methanol Market

The methanol market size was valued at USD 31.26 billion in 2023, and the market is now projected to grow from USD 32.70 billion in 2024 to USD 46.32 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period of 2024-2032.

The occurrence of the COVID-19 pandemic affected the interruption of supply chains and stopped or slowed down processes by key end-use industries, comprising construction, automotive, and semiconductor technology, thus contributing to the drop in product implementation.

The upsurge of renewable energy technologies such as solar panels and batteries also motivates product demand due to their usage in making. Moreover, the drive for viable practices in manufacturing supports with the product’s environment-friendly features as it can be derived from renewable sources such as biomass. Therefore, as the electronics industry enlarges, the market is poised for substantial progress, determined by its vital role in electronic business.

A move of the fuel industry to methanol and fuels merged with it is anticipated to expressively slow down the effects of climate change. The use of methyl alcohol as a transport fuel delivers benefits, comprising high octane fuels which diminish toxic releases when combined with fuel and the making from renewable feedstock. The extensive implementation of automobiles powered by the product would extremely lower the carbon dioxide emissions from the transportation industry. Furthermore, the substitution of dense fuel oils in the marine industry will have a progressive outcome on the methanol market growth.

Comprehensive Analysis of Methanol Market

The market can be segmented in various ways, depending on the focus of analysis such as by feedstock, by derivatives and by application. Based on feedstock, the market is classified into natural gas, coal, and biomass & renewables. Based on derivatives, the market is segmented into formaldehyde, acetic acid, MTBE, DME, gasoline blending, biodiesel, methanol to olefins (MTO)/methanol to propylene (MTP), solvent, and others. Based on application, the market is classified into construction, automotive, electronics, and others.

North America region is dominating the methanol market share due to development of the automotive and construction industries. The demand from fueling uses, such as the making of green fuels and fuel combination is liable for development in this region.

The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Methanex Corporation (Canada), HELM AG (Germany), Southern Chemical Corporation (U.S.), SABIC (Saudi Arabia), Mitsubishi Gas Chemical Company, Inc. (Japan), Zagros Petroleum(Iran), PETRONAS (Malaysia), Mitsui & Co., Ltd. (Japan), Celanese Corporation (U.S.), BASF SE (Germany), Simalin Chemical Industries Pvt. Ltd. (India) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In January 2024, Celanese Corporation declared, that Fairyway Methanol company, a joint venture between the company and Mitsui & Co., has began carbon capture and utilization at its plant located in Clear Lake, Texas. The plant is creating 130,000 metric tons of methanol from 180,000 metric tons of the greenhouse gas carbon dioxide each year.

Segmentation Table

TRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 4.5% during 2024-2032

Unit Value (USD Billion) and Volume (Million ton)

Segmentation By Feedstock
  • Natural Gas
  • Coal
  • Biomass & Renewables
By Derivatives
  • Formaldehyde
  • Acetic Acid
  • MTBE
  • DME
  • Gasoline Blending
  • Biodiesel
  • MTO/MTP
  • Solvent
  • Others
By Application
  • Construction
  • Automotive
  • Electronics
  • Others
By Geography
  • North America (U.S. and Canada)
  • Europe (Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia, and Rest of Asia- Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • The Middle East& Africa (GCC and Rest of Middle East & Africa)


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Table of Contents

220 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
4.3. Latest Technological Advancement
4.4. Insights on Regulatory Scenario
4.5. Porters Five Forces Analysis
4.6. Impact of COVID-19 on the Market
5. Global Methanol Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. By Feedstock (Value and Volume)
5.2.1. Natural Gas
5.2.2. Coal
5.2.3. Biomass & Renewables
5.3. By Derivatives (Value and Volume)
5.3.1. Formaldehyde
5.3.2. Acetic Acid
5.3.3. MTBE
5.3.4. DME
5.3.5. Gasoline Blending
5.3.6. Biodiesel
5.3.7. MTO/MTP
5.3.8. Solvent
5.3.9. Others
5.4. By Application (Value and Volume)
5.4.1. Construction
5.4.2. Automotive
5.4.3. Electronics
5.4.4. Others
5.5. By Region (Value and Volume)
5.5.1. North America
5.5.2. Europe
5.5.3. Asia pacific
5.5.4. Latin America
5.5.5. Middle East & Africa
6. North America Methanol Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. By Feedstock (Value and Volume)
6.2.1. Natural Gas
6.2.2. Coal
6.2.3. Biomass & Renewables
6.3. By Derivatives (Value and Volume)
6.3.1. Formaldehyde
6.3.2. Acetic Acid
6.3.3. MTBE
6.3.4. DME
6.3.5. Gasoline Blending
6.3.6. Biodiesel
6.3.7. MTO/MTP
6.3.8. Solvent
6.3.9. Others
6.4. By Application (Value and Volume)
6.4.1. Construction
6.4.2. Automotive
6.4.3. Electronics
6.4.4. Others
6.5. By Country (Value and Volume)
6.5.1. U.S.
6.5.2. Canada
7. Europe Methanol Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. By Feedstock (Value and Volume)
7.2.1. Natural Gas
7.2.2. Coal
7.2.3. Biomass & Renewables
7.3. By Derivatives (Value and Volume)
7.3.1. Formaldehyde
7.3.2. Acetic Acid
7.3.3. MTBE
7.3.4. DME
7.3.5. Gasoline Blending
7.3.6. Biodiesel
7.3.7. MTO/MTP
7.3.8. Solvent
7.3.9. Others
7.4. By Application (Value and Volume)
7.4.1. Construction
7.4.2. Automotive
7.4.3. Electronics
7.4.4. Others
7.5. By Country (Value and Volume)
7.5.1. Germany
7.5.2. France
7.5.3. U.K.
7.5.4. Italy
7.5.5. Spain
7.5.6. Russia
7.5.7. Rest of Europe
8. Asia Pacific Methanol Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. By Feedstock (Value and Volume)
8.2.1. Natural Gas
8.2.2. Coal
8.2.3. Biomass & Renewables
8.3. By Derivatives (Value and Volume)
8.3.1. Formaldehyde
8.3.2. Acetic Acid
8.3.3. MTBE
8.3.4. DME
8.3.5. Gasoline Blending
8.3.6. Biodiesel
8.3.7. MTO/MTP
8.3.8. Solvent
8.3.9. Others
8.4. By Application (Value and Volume)
8.4.1. Construction
8.4.2. Automotive
8.4.3. Electronics
8.4.4. Others
8.5. By Country (Value and Volume)
8.5.1. China
8.5.2. Japan
8.5.3. India
8.5.4. Southeast Asia
8.5.5. Rest of Asia Pacific
9. Latin America Methanol Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. By Feedstock (Value and Volume)
9.2.1. Natural Gas
9.2.2. Coal
9.2.3. Biomass & Renewables
9.3. By Derivatives (Value and Volume)
9.3.1. Formaldehyde
9.3.2. Acetic Acid
9.3.3. MTBE
9.3.4. DME
9.3.5. Gasoline Blending
9.3.6. Biodiesel
9.3.7. MTO/MTP
9.3.8. Solvent
9.3.9. Others
9.4. By Application (Value and Volume)
9.4.1. Construction
9.4.2. Automotive
9.4.3. Electronics
9.4.4. Others
9.5. By Country (Value and Volume)
9.5.1. Brazil
9.5.2. Mexico
9.5.3. Rest of Latin America
10. Middle East & Africa Methanol Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. By Feedstock (Value and Volume)
10.2.1. Natural Gas
10.2.2. Coal
10.2.3. Biomass & Renewables
10.3. By Derivatives (Value and Volume)
10.3.1. Formaldehyde
10.3.2. Acetic Acid
10.3.3. MTBE
10.3.4. DME
10.3.5. Gasoline Blending
10.3.6. Biodiesel
10.3.7. MTO/MTP
10.3.8. Solvent
10.3.9. Others
10.4. By Application (Value and Volume)
10.4.1. Construction
10.4.2. Automotive
10.4.3. Electronics
10.4.4. Others
10.5. By Country (Value and Volume)
10.5.1. GCC
10.5.2. Rest of Middle East & Africa
11. Competitive Analysis
11.1. Company Market Share/Ranking Analysis By key Players, 2023
11.2. Company Profiles
11.2.1. Methanex Corporation
11.2.1.1. Overview
11.2.1.2. Products & Services
11.2.1.3. SWOT Analysis
11.2.1.4. Recent Developments
11.2.1.5. Strategies
11.2.1.6. Financials (Based on Availability)
11.2.2. HELM AG
11.2.2.1. Overview
11.2.2.2. Products & Services
11.2.2.3. SWOT Analysis
11.2.2.4. Recent Developments
11.2.2.5. Strategies
11.2.2.6. Financials (Based on Availability)
11.2.3. Southern Chemical Corporation
11.2.3.1. Overview
11.2.3.2. Products & Services
11.2.3.3. SWOT Analysis
11.2.3.4. Recent Developments
11.2.3.5. Strategies
11.2.3.6. Financials (Based on Availability)
11.2.4. SABIC
11.2.4.1. Overview
11.2.4.2. Products & Services
11.2.4.3. SWOT Analysis
11.2.4.4. Recent Developments
11.2.4.5. Strategies
11.2.4.6. Financials (Based on Availability)
11.2.5. Mitsubishi Gas Chemical Company, Inc.
11.2.5.1. Overview
11.2.5.2. Products & Services
11.2.5.3. SWOT Analysis
11.2.5.4. Recent Developments
11.2.5.5. Strategies
11.2.5.6. Financials (Based on Availability)
11.2.6. Zagros Petroleum
11.2.6.1. Overview
11.2.6.2. Products & Services
11.2.6.3. SWOT Analysis
11.2.6.4. Recent Developments
11.2.6.5. Strategies
11.2.6.6. Financials (Based on Availability)
11.2.7. PETRONAS
11.2.7.1. Overview
11.2.7.2. Products & Services
11.2.7.3. SWOT Analysis
11.2.7.4. Recent Developments
11.2.7.5. Strategies
11.2.7.6. Financials (Based on Availability)
11.2.8. Mitsui & Co., Ltd.
11.2.8.1. Overview
11.2.8.2. Products & Services
11.2.8.3. SWOT Analysis
11.2.8.4. Recent Developments
11.2.8.5. Strategies
11.2.8.6. Financials (Based on Availability)
11.2.9. Celanese Corporation
11.2.9.1. Overview
11.2.9.2. Products & Services
11.2.9.3. SWOT Analysis
11.2.9.4. Recent Developments
11.2.9.5. Strategies
11.2.9.6. Financials (Based on Availability)
11.2.10. BASF SE
11.2.10.1. Overview
11.2.10.2. Products & Services
11.2.10.3. SWOT Analysis
11.2.10.4. Recent Developments
11.2.10.5. Strategies
11.2.10.6. Financials (Based on Availability)
11.2.11. Simalin Chemical Industries Pvt. Ltd.
11.2.11.1. Overview
11.2.11.2. Products & Services
11.2.11.3. SWOT Analysis
11.2.11.4. Recent Developments
11.2.11.5. Strategies
11.2.11.6. Financials (Based on Availability)
12. Strategic Recommendations

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