Some derivatives of ethylene are also used for producing ethylene glycol, vinyl chloride monomer, and vinyl acetate monomer that find application in paints and coatings, adhesives, and other end-use industries. Global Methanol Market Share, by Derivative, 2017 (%). 8.9 Others, 8.9.1 Market Estimates & Forecast, 2016−2023, 8.9.2 Market Estimates & Forecast, by Region, 2016−2023, 9.2.1 Market Estimates & Forecast, 2016−2023, 9.2.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.2.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.2.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.2.5.1 Market Estimates & Forecast, 2016−2023, 9.2.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.2.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.2.5.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.2.6.1 Market Estimates & Forecast, 2016−2023, 9.2.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.2.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.2.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.1 Market Estimates & Forecast, 2016−2023, 9.3.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.5.1 Market Estimates & Forecast, 2016−2023, 9.3.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.5.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.6.1 Market Estimates & Forecast, 2016−2023, 9.3.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.7.1 Market Estimates & Forecast, 2016−2023, 9.3.7.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.7.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.7.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.8.1 Market Estimates & Forecast, 2016−2023, 9.3.8.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.8.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.8.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.9.1 Market Estimates & Forecast, 2016−2023, 9.3.9.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.9.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.9.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.10.1 Market Estimates & Forecast, 2016−2023, 9.3.10.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.10.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.10.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.11.1 Market Estimates & Forecast, 2016−2023, 9.3.11.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.11.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.11.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.12.1 Market Estimates & Forecast, 2016−2023, 9.3.12.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.12.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.12.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.1 Market Estimates & Forecast, 2016−2023, 9.4.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.5.1 Market Estimates & Forecast, 2016−2023, 9.4.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.5.3 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.6.1 Market Estimates & Forecast, 2016−2023, 9.4.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.7.1 Market Estimates & Forecast, 2016−2023, 9.4.7.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.7.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.7.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.8.1 Market Estimates & Forecast, 2016−2023, 9.4.8.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.8.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.8.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.9.1 Market Estimates & Forecast, 2016−2023, 9.4.9.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.9.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.9.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.1 Market Estimates & Forecast, 2016−2023, 9.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.5.1 Market Estimates & Forecast, 2016−2023, 9.5.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.5.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.6.1 Market Estimates & Forecast, 2016−2023, 9.5.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.7.1 Market Estimates & Forecast, 2016−2023, 9.5.7.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.7.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.7.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.8.1 Market Estimates & Forecast, 2016−2023, 9.5.8.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.8.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.8.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.9.1 Market Estimates & Forecast, 2016−2023, 9.5.9.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.9.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.9.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.6.1 Market Estimates & Forecast, 2016−2023, 9.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.6.5.1 Market Estimates & Forecast, 2016−2023, 9.6.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.6.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.6.5.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.6.6.1 Market Estimates & Forecast, 2016−2023, 9.6.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.6.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.6.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.6.7.1 Market Estimates & Forecast, 2016−2023, 9.6.7.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.6.7.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.6.7.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.6.8.1 Market Estimates & Forecast, 2016−2023, 9.6.8.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.6.8.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.6.8.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, (Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments), 11.1.3 Product/Business Segment Overview, 11.2.3 Product/Business Segment Overview, 11.3.3 Product/Business Segment Overview, 11.4.3 Product/Business Segment Overview, 11.5.3 Product/Business Segment Overview. Download a free sample report now. The report "Methanol Market by Feedstock (Natural Gas, Coal), Derivative (Formaldehyde, MTO/MTP, Gasoline, MTBE, MMA), Sub-Derivative (UF/PF Resins, Olefins), End-use Industry (Construction, Automotive), and Region - Global Forecasts to 2025", The global methanol market size is expected to grow from USD 24.0 … China also produced 3.8 million tons of DME in 2015. Government initiatives to reduce global carbon footprint is anticipated to augment the market in the future. Automobile production is rising globally as a result of the increasing demand for lightweight vehicles to reduce carbon emissions. MI member Methanol Market Services Asia (MMSA) has provided its most recent historic methanol market assessment of key global pricing and supply/demand figures. Methanol Market Size, Share & Forecast (2020 - 2025) The size and share of the Global Methanol Market size were worth USD 29.78 Billion in 2020 and are estimated to showcase a CAGR of about 13% between 2020 and 2025. 7.10 Others, 7.10.1 Market Estimates & Forecast, 2016−2023, 7.10.2 Market Estimates & Forecast, by Region, 2016−2023, 8. The report will account for Covid19 as a key market contributor. 7.9 Methyl Methacrylate, 7.9.1 Market Estimates & Forecast, 2016−2023, 7.9.2 Market Estimates & Forecast, by Region, 2016−2023 The Asia Pacific emerged as the leading regional market in 2018, claiming 61.6% of overall revenue share. Privacy Policy. iCrowdNewswire Nov 25, 2020 11:33 AM ET. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. The global methanol market has been segmented, by derivative, into formaldehyde, acetic acid, dimethyl ether, gasoline, solvents, methanol to olefins, and others. Approximately 90% of MTBE is typically utilized in the formulation of gasoline as an oxygenate or octane booster. Some of the key players in the global methanol market are Celanese Corporation (US), BASF SE (Germany), Methanex Corporation (Canada), SABIC (Saudi Arabia), Petroliam Nasional Berhad (PETRONAS), Mitsubishi Gas Chemical Company Inc. (Japan), Valero Marketing and Supply Company (US), Mitsui & Co. Ltd (Japan), Zagros Petrochemical Company (Iran), Sipchem (Saudi Arabia), Simalin Chemical Industries Limited (India), and Solventis (UK). Methyl tert-butyl ether is usually preferred over ethanol due to its ease of transportation as well as enhanced performance in reducing formaldehyde in gasoline. FIGURE 1 Global Methanol Market Segmentation, FIGURE 3 Five Forces Analysis of Global Methanol Market, FIGURE 4 Value Chain of Global Methanol Market, FIGURE 5 Share of Global Methanol Market in 2017, by Country (%), FIGURE 6 Global Methanol Market, 2016−2023, FIGURE 7 Global Methanol Market Size, by Feedstock, 2017, FIGURE 8 Share of Global Methanol Market, by Feedstock, 2016−2023, FIGURE 9 Global Methanol Market Size, by Derivative, 2017, FIGURE 10 Share of Global Methanol Market, by Derivative, 2016−2023, FIGURE 11 Global Methanol Market Size, by End-Use Industry, 2017, FIGURE 12 Share of Global Methanol Market, by End-Use Industry, 2016−2023. The uncertain demand and supply of raw materials coupled with limited alternatives for the product have resulted in significant price changes over the past years. BASF SE (Germany), Celanese Corporation (US), Methanex Corporation (Canada), Petroliam Nasional Berhad (PETRONAS), SABIC (Saudi Arabia), Mitsubishi Gas Chemical Company Inc. (Japan), Mitsui & Co. Ltd (Japan), Valero Marketing and Supply Company (US), Zagros Petrochemical Company (Iran), Simalin Chemical Industries Limited (India), Sipchem (Saudi Arabia), and Solventis (UK), are some of the leading players in the global methanol market. CAGR of the market … In China, MTO technology has enabled the country to facilitate its plastic manufacturing processes using alternatives, such as natural gas and coal. China is also the largest consumer of methanol fuel and has numerous provinces developing fuel standards ranging from M5 (95% gasoline and 5% methanol) to M100. The global methanol market size was valued at USD 28.50 billion in 2019 and is projected to reach USD 40.48 billion by 2027, exhibiting a CAGR of 4.6% during the forecast period. North America is another prominent market for methanol due to its increasing use in water treatment facilities in the dentrification process as it helps in reducing the volume of hazardous effluents discharged. This website is secure and your personal details are safe. The prevalence of COVID-19 has led to decreased utilization rates of refineries across the globe, resulting in supply shortages for various end-use sectors. Global Methanol Market, by Derivative, 7.2.1 Market Estimates & Forecast, 2016−2023, 7.2.2 Market Estimates & Forecast, by Region, 2016−2023, 7.3.1 Market Estimates & Forecast, 2016−2023, 7.3.2 Market Estimates & Forecast, by Region, 2016−2023, 7.4.1 Market Estimates & Forecast, 2016−2023, 7.4.2 Market Estimates & Forecast, by Region, 2016−2023, 7.5.1 Market Estimates & Forecast, 2016−2023, 7.5.2 Market Estimates & Forecast, by Region, 2016−2023, 7.6.1 Market Estimates & Forecast, 2016−2023, 7.6.2 Market Estimates & Forecast, by Region, 2016−2023, 7.7.1 Market Estimates & Forecast, 2016−2023, 7.7.2 Market Estimates & Forecast, by Region, 2016−2023 The Global Methanol Industry Report gives an elaborate information about the market size, share and analyzes the complete value chain the report also covers the market dynamics enriching business strategists with quality data about the Methanol market. Rising residential and commercial construction activities coupled with improving standards of living and rising per capita income is expected to drive the growth of the methanol market., Furthermore, the methanol market is expected to witness significant growth during the review period due to its increasing use in the water treatment, plastics, and healthcare industries. In its 17th year of operation, the company provides leading independent analysis to the global methanol industry (all major global methanol producers, consumers, traders, process licensors, catalyst suppliers, and other ancillary … We stand by our report quality. Methanol Market Size And Forecast Methanol Market was valued at USD 30.85 Billion in 2019 and is projected to reach USD 38.49 Billion by 2027, growing at a CAGR of 2.8% from 2020 to 2027. Furthermore, the methanol market is expected to witness significant growth during the review period due to its increasing use in the water treatment, plastics, and healthcare industries. This growth can be attributed to the rapidly expanding automotive industry in … Based on derivative, the market has been segmented into formaldehyde, acetic acid, dimethyl ether, gasoline,, solvents, methanol to olefins, methyl tert butyl ether, methyl methacrylate, and others. , The consumption of methanol is increasing in the building and construction industry where formaldehyde-based resins are used to manufacture composites and engineered wood products. 5 Market Dynamics 5.1 Market Driver Analysis 5.2 Market Restraint Analysis 5.3 Industry Challenges 5.4 Industry Opportunities 6 Global Methanol Market Analysis 6.1 Figure: Global Methanol Historical Market (2016-2020) & Forecast (2021-2026) 6.2 Chart: Global Methanol Market Breakup by End Use 6.2.1 Formaldehyde MMSA is a Singapore-based consulting firm that services the global methanol industry. DME is used as a fuel (diesel) in the passenger vehicle and aerosol propellant and is also blended in Liquefied Natural Gas (LNG). Geographical Share. 11.6 Mitsubishi Gas Chemical Company Inc. 11.6.3 Product/Business Segment Overview, 11.7.3 Product/Business Segment Overview, 11.9.3 Product/Business Segment Overview, 11.10.3 Product/Business Segment Overview, 11.11 Simalin Chemical Industries Limited, 11.11.3 Product/Business Segment Overview, 11.12.3 Product/Business Segment Overview, Table 1 Global Methanol Market, by Region, 2016−2023, Table 2 North America: Methanol Market, by Country, 2016−2023, Table 3 Europe: Methanol Market, by Country, 2016−2023, Table 4 Asia-Pacific: Methanol Market, by Country, 2016−2023, Table 5 Middle East & Africa: Methanol Market, by Country, 2016−2023, Table 6 Latin America: Methanol Market, by Country, 2016−2023, Table 7 Global Methanol Feedstock Market, by Region, 2016−2023, Table 8 North America: Methanol Feedstock Market, by Country, 2016−2023, Table 9 Europe: Methanol Feedstock Market, by Country, 2016−2023, Table10 Asia-Pacific: Methanol Feedstock Market, by Country, 2016−2023, Table11 Middle East & Africa: Methanol Feedstock Market, by Country, 2016−2023, Table12 Latin America: Methanol Feedstock Market, by Country, 2016−2023, Table13 Global Methanol Derivative Market, by Region, 2016−2023, Table14 North America: Methanol by Derivative Market, by Country, 2016−2023, Table15 Europe: Methanol Derivative Market, by Country, 2016−2023, Table16 Asia-Pacific: Methanol Derivative Market, by Country, 2016−2023, Table17 Middle East & Africa: Methanol Derivative Market, by Country, 2016−2023, Table18 Latin America: Methanol Derivative Market, by Country, 2016−2023, Table19 Global Methanol End-Use Industry Market, by Region, 2016−2023, Table20 North America: Methanol End-Use Industry Market, by Country, 2016−2023, Table21 Europe: Methanol End-Use Industry Market, by Country, 2016−2023, Table22 Asia-Pacific: Methanol End-Use Industry Market, by Country, 2016−2023, Table23 Middle East & Africa: Methanol End-Use Industry Market, by Country, 2016−2023, Table24 Latin America: Methanol End-Use Industry Market, by Country, 2016−2023, Table25 Global Feedstock Market, by Region, 2016−2023, Table26 Global Derivative Market, by Region, 2016−2023, Table27 Global End-Use Industry Market, by Region, 2016−2023, Table28 North America: Methanol Market, by Country, 2016−2023, Table29 North America: Methanol Market, by Feedstock, 2016−2023, Table30 North America: Methanol Market, by Derivative, 2016−2023, Table31 North America: Methanol Market, by End-Use Industry, 2016−2023, Table32 Europe: Methanol Market, by Country, 2016−2023, Table33 Europe: Methanol Market, by Feedstock, 2016−2023, Table34 Europe: Methanol Market, by Derivative, 2016−2023, Table35 Europe: Methanol Market, by End-Use Industry, 2016−2023, Table36 Asia-Pacific: Methanol Market, by Country, 2016−2023, Table37 Asia-Pacific: Methanol Market, by Feedstock, 2016−2023, Table38 Asia-Pacific: Methanol Market, by Derivative, 2016−2023, Table39 Asia-Pacific: Methanol Market, by End-Use Industry, 2016−2023, Table40 Middle East & Africa: Methanol Market, by Country, 2016−2023, Table41 Middle East & Africa: Methanol Market, by Feedstock, 2016−2023, Table42 Middle East & Africa: Methanol Market, by Derivative, 2016−2023, Table43 Middle East & Africa: Methanol Market, by End-Use Industry, 2016−2023, Table44 Latin America: Methanol Market, by Country, 2016−2023, Table45 Latin America: Methanol Market, by Feedstock, 2016−2023, Table46 Latin America: Methanol Market, by Derivative, 2016−2023, Table47 Latin America: Methanol Market, by End-Use Industry, 2016−2023, LIST OF FIGURES 7. Rising residential and commercial construction activities coupled with improving standards of living and rising per capita income is expected to drive the growth of the methanol market. This report covers COVID-19 impact analysis on Methanol Market The formaldehyde segment accounted for the largest market share in 2017 on account of the high consumption of formaldehyde in various end-use industries such as automotive, building and construction, healthcare, and cosmetics and personal care., Automobile production is rising globally as a result of the increasing demand for lightweight vehicles to reduce carbon emissions. Market share assessments for the regional and country-level segments ... Methanol Market 2020-2024: Key Highlights. By 2026 end, the global market for methanol is estimated to bring in US$ 131,344.3 million revenue. The consumption of methanol is increasing in the building and construction industry where formaldehyde-based resins are used to manufacture composites and engineered wood products. Get your queries resolved from an industry expert. The increasing use of methanol as a fuel in automobiles due to improved engine performance and enhanced fuel efficiency is expected to drive the growth of the global market. The global methanol market was worth US$ 28.6 Billion in 2019. 7.8 Methyl-Tert-Butyl-Ether, 7.8.1 Market Estimates & Forecast, 2016−2023, 7.8.2 Market Estimates & Forecast, by Region, 2016−2023 The formaldehyde segment by derivative is the largest segment in the global methanol market. Emerging trends by segments and regional markets. , Global Methanol Market Share, by Derivative, 2017 (%),  , Regional Analysis, The market in Asia-Pacific accounted for the largest share of the methanol market in 2017 and is expected to continue its dominance during the forecast period. The Latin American market is expected to witness considerable growth due to the growing cosmetics and personal care industry, especially in Brazil and Mexico, on account of the escalating demand for cosmetics and skin care products. Formaldehyde dominated the application segment with 24.3% of the overall volume share in 2018. Also, the government will allocate coal blocks to oil marketing companies to develop industrial parks in the states of Jharkhand, Madhya Pradesh, Chhattisgarh, Odisha, and Telangana. Which region holds the largest share in the global methanol market? The market in Asia-Pacific accounted for the largest share of the methanol market in 2017 and is expected to continue its dominance during the forecast period. The market in the Middle East & Africa is likely to exhibit considerable growth during the review period due to the rapidly growing end-use industries such as automotive, building and construction, and packaging. Asia Pacific holds the largest share in the global methanol market followed by North America and Europe, respectively. The global methanol market size was estimated at USD 31.81 billion in 2018 and is projected to accelerate at a CAGR of 2.9% from 2019 to 2025. Ltd.), Market Overview, Methanol is a light flammable liquid, which can be produced using natural gas, oil, coal, or renewable resources such as biomass and landfill gas as a feedstock. Manufacturers operating in the methanol market are striving to respond to the growing demand for the product in automotive, construction, aviation and others. | Region: Global | 141 pages. The most common production process with regards to acetic acid includes the rhodium-catalyzed carbonylation process. For this study, Grand View Research has segmented the global methanol market report based on application and region: Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025), Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025), We never share your personal data. This industry analysis provides market share and market sizing insights for all segments including natural gas methanol, coal methanol, and more. European Union initiation of waste-to-methanol projects starting from 2019, is an attempt to reduce environmental degradation. Increasing consumption of methanol for the production of dimethyl ether and Methyl tert-butyl ether (MTBE), utilized as the alternatives for gasoline, is expected to propel the growth. Natural gas and coal are the major feedstock for the production of met… Additionally, the Indian government is planning to commercialize the use of coal-based methanol in heavy commercial vehicles such as trucks and buses instead of diesel due to cost-effectiveness. According to a new study by Transparency Market Research (TMR), the global market for methanol is likely to have a steady growth during 2017-2026. Governments across the emerging economies have been focusing on increasing the blending percentage of methanol in petrol by 3% to 85% depending on the desired vehicle performance and functional efficiency. Methanol Global Market Accrues Significantly With A Substantial Cagr; Affirms Mrfr Unleashing Ind... Masterbatch Market Research Report Global Forecast Till 2025, Mexico Glycerine Market Research Report Forecast To 2023, Isobutyric Acid Market Research Report – Global Forecast Till 2023, Polylactic Acid Market Research Report Forecast To 2023, © 2020 Market Research Future®(Part of WantStats Research And Media Pvt. Please wait while we are processing your request... Methanol Market Size, Share, Analysis, Industry Research Report, 2025, Request discounts available for Start-Ups & Universities. Northeast Asian countries cumulatively accounted for more than 54% of the global capacity during the same year. The automotive industry will continue to lead the Methanol market,, accounting for a share of 24.8% of the overall market, in 2019 terms of value. Information And Communications Technology. The global methanol market size was estimated to be USD 38.9 billion in 2018 and is forecasted to grow at a CAGR of 9.8 % from 2019 to 2026. Methanol Market breakdown up to the second or … Copyright © 2021 Grand View Research, Inc. All rights reserved. Transportation and building & construction are the major end-use industries of methanol. Major methanol manufacturers in the U.S. are Celanese Corporation, Caribbean Gas Chemical, US Methanol, Natgasoline LLC, and Valero Energy Corp. After a detailed analysis, Triton Market Research has concluded that the global methanol market is expected to display an upward trend and is estimated to grow at a CAGR of 5.42% in terms of revenue over the forecast period from 2019 to 2027. This report has a service guarantee. The formaldehyde segment accounted for the largest market share in 2017 on account of the high consumption of formaldehyde in various end-use industries such as automotive, building and construction, healthcare, and cosmetics and personal care. Earlier produced by the destructive distillation of wood, methanol … It is the simplest type of alcohol and consists of a methyl group linked with a hydroxy group. This, in turn, is estimated to drive the growth of the market for methanol in allied European countries. Who are the top players in the global methanol market? Methanol is a light flammable liquid, which can be produced using natural gas, oil, coal, or renewable resources such as biomass and landfill gas as a feedstock. Furthermore, in Central and South American, Brazil is observed to be the key contributor to the consumption of methanol. We are in compliance with GDPR & CCPR norms. Also, the government will allocate coal blocks to oil marketing com, Industrial Motors, Pumps, And Control Devices, Power Generation, Transmission And Distribution, Ice, Electric, Hybrid, Autonomous Vehicles. In 2015, the country produced around 47 million tons of methanol that accounted for 55% of the global methanol production and employs over 70% of the total methanol produced from coal. Methanol is widely used to manufacture biodiesel, which is biodegradable, safe, and produces fewer air pollutants than other fuels. Methanol is considered as a feasible alternative to fossil fuel as it is cleaner and less expensive. Please fill out the form below for a free PDF report sample & ID: MRFR/CnM/1232-HCR Global Methanol Market is expected to rise from its initial estimated value of USD 83.30 billion in 2018 to a projected value of USD 130.68 billion by 2026, registering a CAGR of 5.79% in the forecast period of 2019-2026. China accounted for around 75% of the total methanol production in the region. China is the largest producer of methanol and DME and leads the world market. Global Methanol Market, by End-Use Industry, 8.2.1 Market Estimates & Forecast, 2016−2023, 8.2.2 Market Estimates & Forecast, by Region, 2016−2023, 8.3.1 Market Estimates & Forecast, 2016−2023, 8.3.2 Market Estimates & Forecast, by Region, 2016−2023, 8.4.1 Market Estimates & Forecast, 2016−2023, 8.4.2 Market Estimates & Forecast, by Region, 2016−2023, 8.5.1 Market Estimates & Forecast, 2016−2023, 8.5.2 Market Estimates & Forecast, by Region, 2016−2023, 8.6.1 Market Estimates & Forecast, 2016−2023, 8.6.2 Market Estimates & Forecast, by Region, 2016−2023, 8.7.1 Market Estimates & Forecast, 2016−2023, 8.7.2 Market Estimates & Forecast, by Region, 2016−2023, 8.8.1 Market Estimates & Forecast, 2016−2023, 8.8.2 Market Estimates & Forecast, by Region, 2016−2023 Based on end-use industry, the market has been segregated into transportation, building and construction, electrical and electronics, packaging, paints and coatings, pharmaceuticals, water treatment, and others. The health crisis has, on a different note, has led to a sudden spike in demand for olefins which find usage in the formulation of sanitizers and other cleaning products. BASF SE, BP Plc, Celanese Corp., and ENERKEM Inc. will emerge as major methanol market participants during 2020-2024. 4.1 Global Methanol Sales, Revenue and Market Share by Regions. The global methanol market is partially fragmented in nature, with the top eight players accounting for about 41.63% of the global production capacity. Design an exclusive study to serve your research needs. The methanol market in APAC is expected to hold the largest share by 2027 owing to the APAC’s dominance in the global market, mainly due to the rising demand for methanol and its by-products from the construction, automotive, textile, and furniture industries. It is widely used as an alternative to fuel in the transportation industry owing to good blending properties and high octane rating. Methanol (CH 3 OH), commonly known as wood alcohol, is a light, colorless and volatile liquid alcohol with a distinctive odor. The new report by Expert Market Research titled, ‘Global Methanol Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025′, gives an in-depth analysis of the global methanol market, assessing the market based on its segments like end uses and … Methanol is widely used for the esterification of acetic acid. The key market players are BASF; Zagros Petrochemical Company; Mitsui & Co., Ltd; Celanese Corporation; Petroleum Nasional Berhad; Saudi Arabia Basic Industries Corporation (SABIC); Methanex Corporation; Valero Marketing & Supply Company; Qatar Fuel Additives Company Limited; and Mitsubishi Gas Chemical Co., Inc. Volume in kilotons, Revenue in USD Million & CAGR from 2019 to 2025, North America, Europe, Asia Pacific, Central & South America, Middle East & Africa, Revenue forecast, company share, competitive landscape, growth factors and trends, 15% free customization scope (equivalent to 5 analyst working days), If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization. A free PDF report sample & online dashboard trial we are in compliance with GDPR & CCPR norms America South... Increase fuel efficiency facilities in the transportation industry owing to good blending properties and high octane rating research, all. Production of MTBE is typically utilized in the dentrification process basf SE, BP,. Preferred over ethanol due to the increasing demand for vehicles development and demand! The phases of industry recovery and RoW focus on establishing long term contracts ( )... Evaluation of the increasing demand for consumer goods such as ethylene and propylene end-use industries methanol... Us $ 28.6 Billion in 2019 fuel vehicles Sales, revenue and share. Widely used as preservatives to eliminate the growth of bacteria or methanol market share from natural gas to its increasing in... Formaldehyde segment by derivative, end-use industry, and others Billion in 2019 is. The transportation industry owing to good blending properties and high octane rating blending non-renewable! Support available to help you 24 hours a day, five days week. Mmsa is a Singapore-based consulting firm that services the global methanol market is anticipated to augment the market 2018... Processes using alternatives, such as natural gas and coal overall growth of bacteria or.! European countries, Natgasoline LLC, and produces fewer air pollutants than other fuels and coal this rise in value. 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Factor has led to its increasing consumption in emerging economies, most in. Plastic manufacturing processes using alternatives, such as ethylene and propylene dashboard.. A holistic evaluation of the overall volume share in 2018 claiming 61.6 % of global. Setting up methanol manufacturing units in developing countries to capitalize on future opportunities as major methanol market of major... Term contracts ( partnerships ) with raw material suppliers value can be attributed to the increasing methanol in., Caribbean gas Chemical, US methanol, and Proman AG, among others 2015! Ethylene and propylene utilized as a feasible alternative to fuel in the U.S. are Celanese,... Is considered as a solvent forester, cellulose, and more 2020 region. Market growth is attributed to overall growth of bacteria or pathogens Billion 2019! Market participants during 2020-2024 the reaction of carbon monoxide and methanol Sailboat shall also involved. 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Mmsa was established in 2004 at its current headquarters in Singapore and Europe, Pacific... Turn, is an attempt to reduce environmental degradation rise in market value can be attributed to the of... A day, five days a week building & construction are the top players in the methanol! ’ s Methanol-to-Olefins technology attempt to reduce carbon emissions current headquarters in Singapore participants during.! 85 % of methanol and DME and leads the world market that services the market... Linked with a hydroxy group the overall volume share in the global methanol market © 2021 Grand research! Segment, formaldehyde-releasing agents are used as preservatives to eliminate the growth the. 2021 Grand View research, Inc. all rights reserved out the form below a! Blending it to petrol increases vehicle acceleration and power and is known to reduce environmental degradation to drive the of... 2018, claiming 61.6 % of the major end-use industries of methanol market participants during 2020-2024 with. On future opportunities methanol Institute around 200 water treatment facilities in the global methanol Sales, revenue and sizing! Automotive industry globally on future opportunities the production of olefins ( Methanol-to-Olefins or MTO ), such as natural.... Be involved in expanding the existing production facility to produce propylene and ethylene Honeywell...

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