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GLOBAL METHANOL MARKET FORECAST 2019-2027

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GLOBAL METHANOL MARKET FORECAST 2019-2027

The global methanol market is anticipated to grow from $XX million in 2018 to $60,447 million by 2027, at a CAGR of 5.66% between 2019 and 2027. Methanol, which is also known as methyl alcohol, wood alcohol, or even as wood spirit. It’s the purest form of a series of organic compounds known as alcohol. It consists of a methyl group (CH3) linked with a hydroxyl group (OH). Initially, methanol was produced by a chemical process called ‘destructive distillation’ of wood. Nowadays, natural gas is being replaced by coal for the production of methanol increasingly. Another method of producing methanol is by using solid biomass such as agricultural and industrial waste, instead of syngas.

GLOBAL METHANOL MARKET FORECAST 2019-2027

Global Methanol Market by End-user (Automotive, Construction, Electronics, Paints and Coatings, Other End-users) by Derivatives (Formaldehyde, Acetic Acid, Gasoline, Dme, Mtbe & Tame, Other Derivatives) by Geography

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The global methanol market is anticipated to grow from $XX million in 2018 to $60,447 million by 2027, at a CAGR of 5.66% between 2019 and 2027.

Methanol, which is also known as methyl alcohol, wood alcohol, or even as wood spirit. It’s the purest form of a series of organic compounds known as alcohol. It consists of a methyl group (CH3) linked with a hydroxyl group (OH). Initially, methanol was produced by a chemical process called ‘destructive distillation’ of wood. Nowadays, natural gas is being replaced by coal for the production of methanol increasingly. Another method of producing methanol is by using solid biomass such as agricultural and industrial waste, instead of syngas.

The methanol market is primarily driven by the following factors:

  • Increasing adoption of the MTO technology
  • Rising need for petrochemicals
  • The requirement for alternatives to traditional transportation fuels
  • Government promote methanol as an alternative fuel

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The critical driver that is increasing the growth of the methanol market globally is the piloting need for petrochemicals, especially in the Asia-pacific region. The rising demand for methanol products from several industries such as packaging, textile, plastics, construction, healthcare, and transportation is one of the primary reasons for the growth of the petrochemical industry globally. The market for petrochemical products such as vinyl, styrene, ethylene, benzene, xylene, propylene, etc., is rising considerably.

The end-users of the methanol market are plenty in number. Methanol is widely used in the automotive sector. It can be combined with gasoline and used in the internal combustion engines of automobiles. The conservative fuels in the automotive business are now effectively replaced with more effective substitutes like propylene and ethylene glycol. The growth of formaldehyde derivative segment is anticipated to fuel the demand for methanol in the construction industry over the forecast years. The applications of methanol in electronics are continuously increasing, owing to its ecological nature.

The lack of feedstock, resources, and the use of fuel-grade bioethanol or ethanol in comparison to methanol are the major factors hindering the methanol market.

The global methanol market segments include consumers and derivatives.

End-users are further segmented into:

  • Automotive
  • Paints and coatings
  • Electronics
  • Construction
  • Other consumers

Derivatives are further segmented into:

  • Acetic acid
  • Formaldehyde
  • MTBE and TAME
  • Gasoline
  • DME
  • Other derivatives

This report covers the present market conditions and the growth prospects of the global methanol market for 2019-2027 and considered the revenue generated through the sales of methanol for derivatives to calculate the market size by considering 2018 as the base year.

Geographically, the global methanol market has been segmented based on four major regions, which include:

  • North America – The U.S. & Canada
  • Asia-Pacific – China, India, Japan, South Korea, Australia and Rest of APAC
  • Europe – UK, France, Germany, Spain, Italy, Russia and Rest of Europe
  • Rest of World- Latin America, the Middle East, and Africa

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. China emerged as one of the leading countries in APAC, and the country’s energy and petrochemical sectors are piloting the demand for methanol. Also, the Asia-Pacific market is anticipated to be the fastest-growing region for the global market. The need for methanol is rising in this region at a much faster pace as compared to other regions like Europe and North America.

The methanol market is segmented on derivatives which are further sub-divided into formaldehyde, gasoline, DME, Acetic acid, MTBE and TAME, and others. Formaldehyde is a versatile chemical used in the manufacturing of a wide variety of commercial chemicals. The secondary derivatives of the acetic acid include vinyl acetate, acetic anhydride, and terephthalic acid. Acetic acid is primarily used in the production of polyester fiber intermediates and polyvinyl alcohol intermediates. Methanol is used to manufacture low-cost and sustainable gasoline that can be transported. DME is an aerosol propellant, the demand for which is increasing for the production of transportation fuel. MTBE and TAME are primarily used to boost gasoline octane values. These compounds allow efficient combustion as they add oxygen to gasoline upon blending. Other derivatives of methanol include solvents, methylamines, methyl methacrylate, and chloromethane.

The major market players in the global methanol market are:

  • BASF SE
  • Methanex Corporation
  • Mitsubishi Chemicals
  • Mitsui & Co., Ltd.
  • Petroliam Nasional Berhad (Petronas)

Company profiles cover the analysis of outstanding players and strategic initiatives taken by them. For example, in November 2018, BASF produced methanol based on renewable raw materials according to the biomass balance approach.

Key findings of the global methanol market:

  • The automotive sector holds the largest market share
  • Formaldehyde has widely used a derivative of methanol
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • AUTOMOTIVE SECTOR HOLDS THE LARGEST MARKET SHARE
      • FORMALDEHYDE IS WIDELY USED DERIVATIVE OF METHANOL
  1. MARKET DYNAMICS
    • MARKET DEFINITION & SCOPE
    • MARKET DRIVERS
      • INCREASE IN THE ACCEPTANCE OF THE MTO TECHNOLOGY
      • RISING DEMAND FOR PETROCHEMICALS
      • REQUIREMENT FOR ALTERNATIVES TO CONVENTIONAL TRANSPORTATION FUELS
      • GOVERNMENT PROMOTE METHANOL AS AN ALTERNATIVE FUEL
    • MARKET RESTRAINTS
      • SCARCITY OF FEEDSTOCK AND RAW MATERIALS
      • THE USE OF FUEL GRADE ETHANOL OR BIOETHANOL IN COMPARISON TO METHANOL
    • MARKET OPPORTUNITIES
      • RISING DEMAND OF BIO-BASED PRODUCTS AMONGST END-USERS
      • TECHNOLOGICAL ADVANCEMENTS FOR THE BIOREFINING
      • USE OF METHANOL AS A MARINE FUEL
    • MARKET CHALLENGES
      • FLUCTUATION IN THE METHANOL PRICES
      • GLOBAL ECONOMIC SLOWDOWN HINDER GLOBAL DEMAND FOR METHANOL
      • GOVERNMENT REGULATIONS AND POLICIES
  1. MARKET BY END-USER
    • AUTOMOTIVE
    • CONSTRUCTION
    • ELECTRONICS
    • PAINTS AND COATINGS
    • OTHER END-USERS
  2. MARKET BY DERIVATIVES
    • FORMALDEHYDE
    • ACETIC ACID
    • GASOLINE
    • DME
    • MTBE & TAME
    • OTHER DERIVATIVES
  3. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VALUE CHAIN ANALYSIS
    • VENDOR LANDSCAPE
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • SPAIN
      • RUSSIA
      • ROE (REST OF EUROPE)
    • ASIA PACIFIC
      • INDIA
      • CHINA
      • JAPAN
      • AUSTRALIA
      • SOUTH KOREA
      • REST OF ASIA PACIFIC (RoAPAC)
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA
  1. COMPETITIVE LANDSCAPE
    • COMPANY PROFILE
      • BASF AG
      • CELANESE CORPORATION
      • QATAR FUEL ADDITIVES COMPANY LIMITED
      • METHANOL HOLDINGS (TRINIDAD) LIMITED (MHTL)
      • METHANEX CORPORATION
      • MITSUBISHI CHEMICALS
      • MITSUI & CO., LTD.
      • PETROLIAM NASIONAL BERHAD (PETRONAS)
      • SAUDI BASIC INDUSTRIES CORPORATION
      • TEIJIN
      • VALERO MARKETING AND SUPPLY COMPANY
      • ZAGROS PETROCHEMICAL COMPANY (ZPC)

LIST OF TABLES

TABLE 1 GLOBAL METHANOL MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2 GLOBAL METHANOL MARKET, BY END-USER, 2019-2027 (IN $ MILLION)

TABLE 3 GLOBAL AUTOMOTIVE MARKET FOR METHANOL, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 4 GLOBAL CONSTRUCTION MARKET FOR METHANOL, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 5 GLOBAL ELECTRONICS MARKET FOR METHANOL, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 6 GLOBAL PAINTS AND COATINGS MARKET FOR METHANOL, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 7 GLOBAL OTHER END-USERS MARKET FOR METHANOL, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 8 GLOBAL METHANOL MARKET, BY DERIVATIVES, 2019-2027 (IN $ MILLION)

TABLE 9 GLOBAL FORMALDEHYDE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 10 GLOBAL ACETIC ACID METHANOL MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 11 GLOBAL GASOLINE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 12 GLOBAL DME MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 13 GLOBAL MTBE & TAME MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 14 GLOBAL OTHER DERIVATIVES MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 15 OPPORTUNITY MATRIX

TABLE 16 VALUE CHAIN ANALYSIS OF METHANOL MARKET

TABLE 17 VENDOR LANDSCAPE

TABLE 18 GLOBAL METHANOL MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 19 NORTH AMERICA METHANOL MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 20 EUROPE METHANOL MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 21 ASIA PACIFIC METHANOL MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 22 REST OF WORLD METHANOL MARKET, BY REGIONS, 2019-2027 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1 GLOBAL METHANOL MARKET SHARE, BY END-USERS 2018 & 2027 (%)

FIGURE 2 GLOBAL AUTOMATIVE MARKET FOR METHANOL, 2019-2027 (IN $ MILLION)

FIGURE 3 GLOBAL FORMALDEHYDE MARKET FOR METHANOL, 2019-2027 (IN $ MILLION)

FIGURE 4 GLOBAL METHANOL MARKET, BY MTBE & TAME, 2019-2027 (IN $ MILLION)

FIGURE 5 GLOBAL METHANOL MARKET, BY OTHER DERIVATIVES, 2019-2027 (IN $ MILLION)

FIGURE 6 PORTER’S FIVE FORCE MODEL

FIGURE 7 GLOBAL METHANOL MARKET, REGIONAL OUTLOOK, 2018 & 2027, (%)

FIGURE 8 UNITED STATES METHANOL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 9 CANADA METHANOL MARKET, 2019-2027 (IN $ MILLION

FIGURE 10 UNITED KINGDOM METHANOL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 11 GERMANY METHANOL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 12 FRANCE METHANOL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 13 ITALY METHANOL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 14 SPAIN METHANOL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 15 RUSSIA METHANOL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 16 ROE METHANOL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 17 INDIA METHANOL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 18 CHINA METHANOL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 19 JAPAN METHANOL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 20 AUSTRALIA METHANOL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 21 SOUTH KOREA METHANOL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22 REST OF ASIA PACIFIC METHANOL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23 LATIN AMERICA METHANOL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24 MIDDLE EAST AND AFRICA METHANOL MARKET, 2019-2027 (IN $ MILLION)

  1. MARKET BY END-USER
    • AUTOMOTIVE
    • CONSTRUCTION
    • ELECTRONICS
    • PAINTS AND COATINGS
    • OTHER END-USERS
  2. MARKET BY DERIVATIVES
    • FORMALDEHYDE
    • ACETIC ACID
    • GASOLINE
    • DME
    • MTBE & TAME
    • OTHER DERIVATIVES
  3. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • SPAIN
      • RUSSIA
      • ROE (REST OF EUROPE)
    • ASIA PACIFIC
      • INDIA
      • CHINA
      • JAPAN
      • AUSTRALIA
      • SOUTH KOREA
      • REST OF ASIA PACIFIC (RoAPAC)
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA

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