“Global Methanol Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz. The global methanol market report has been segmented on the basis of feedstock, derivative, end-use industries, and region.
Methanol (CH3OH), known as wood alcohol, is a colorless and volatile liquid alcohol that is primarily manufacturer by oxidising methane. Methanol is produced using oil, coal, natural gas, or renewable resources including landfill and biomass gas as a feedstock. It is primarily used as an alternative source for fuel in transportation industry owing to its high octane rating and good blending properties. In addition, methanol reduces greenhouse gases and as methanol biodegrades easily, it can be considered as a safer alternative for its competing products like gasoline, crude oil, and diesel fuel.
Increasing demand for methanol across various end-use industries such as transportation and building & construction is a major factor estimated to drive growth of the global market over the next 10 years. In addition, increasing adoption of methanol in paint and coating and pharmaceuticals industries is another factor projected to drive growth of the global market over next 10 years.
In addition, increasing demand for petrochemicals in various developing regions and rapid growth in construction and electronics and electrical end-use industries are other factors estimated to drive growth of the target market over the forecast period. Increasing adoption of methanol as a fuel in automobiles industry due to enhanced engine performance and improved fuel efficiency is another major factor expected to drive the growth of the global market.
However, high processing cost of a conversion of methane into a liquid coupled with lack of technology are major factors expected to hamper growth of the target market to certain extent.
On the basis of feedstock, coal segment is expected to dominate the global methanol market. The coal segment revenue is anticipated to register highest CAGR over the forecast.
On the basis of derivative, methanol-to-olefins/methanol-to-propylene (MTO/MTP) segment is expected to dominate the global methanol market. The MTO/MTP segment revenue is projected to register highest CAGR over the forecast.
On the basis of end-use industries, the automotive segment is expected to account for significant share in terms of revenue in the global market, owing to increasing demand for lightweight vehicles in order to reduce carbon emissions. The automotive segment revenue is also projected to register highest CAGR over the forecast. Growing consumption of methanol in the construction industry where formaldehyde-based resins are utilized to make engineered wood and composites products. And increasing commercial and residential construction activities coupled with rising per capita income and improving standards of living is among other key factors expected to drive the growth of the methanol market.
Asia Pacific methanol market is estimated to account for significant share in terms of revenue in the global market. Asia Pacific market is also projected to register fastest growth in terms of revenue over the next 10 years, owing to rapid growth in end-use verticals, availability of labor, and increased consumers demand. In addition, increasing investment in construction sectors and rising disposable income in countries in this region are other factors expected to drive growth of the global market over the forecast period.
Global methanol market segmentation:
Segmentation by feedstock:
- Natural Gas
Segmentation by derivative:
- Acetic Acid
- Methanol-to-Olefins/Methanol-to-Propylene (MTO/MTP)
- Others (Methyl Tert-Butyl Ether (MTBE), Dimethyl Ether (DME), and Methyl Methacrylate (MMA))
Segmentation by end-use industries:
- Automotive and Transportation
- Electronics and Electrical
- Paints & Coatings
- Others (Packaging and Water Treatment)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Celanese Corporation
- BASF SE
- Methanex Corporation
- Petroliam Nasional Berhad
- Mitsubishi Gas Chemical Company, Inc.
- Valero Marketing and Supply Company
- Mitsui & Co., Ltd.
- Zagros Petrochemical Company
- Methanol Holdings (Trinidad) Limited
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