Methanol (CH 3 OH), commonly known as wood alcohol, is a light, colorless and volatile liquid alcohol with a distinctive odor. 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. 7. 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 major regions.The report tracks the latest trends in the industry and studies their impact on the overall market. 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. 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 China accounted for around 75% of the total methanol production in the region. 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. European Union initiation of waste-to-methanol projects starting from 2019, is an attempt to reduce environmental degradation. Methanol is one of the major components for the production of olefins (Methanol-to-Olefins or MTO), such as ethylene and propylene. Manufacturers operating in the methanol market are striving to respond to the growing demand for the product in automotive, construction, aviation and others. 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. It is the simplest type of alcohol and consists of a methyl group linked with a hydroxy group. Global Renewable Methanol Market Share (%) in terms of Value, By Region, in 2019 Europe region dominated the global renewable methanol market in 2019, accounting for 29.4% share in terms of value, followed by … It also facilitates the production of methyl acetate, which is broadly utilized as a solvent forester, cellulose, and nitrates. Most manufacturers, being multinational companies, have been investing considerably in R&D activities to develop sustainable production methods. Asia-Pacific (China, Japan, … 7.9 Methyl Methacrylate, 7.9.1 Market Estimates & Forecast, 2016−2023, 7.9.2 Market Estimates & Forecast, by Region, 2016−2023 This growth can be attributed to the rapidly expanding automotive industry in developing nations such as India and China on account of the rising demand for vehicles. 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. Global Methanol Market Share, by Derivative, 2017 (%) Regional Analysis. The report on Methanol Market offers in-depth analysis on market trends, drivers, restraints, opportunities etc. Some of these major players include Methanex Corporation , SABIC, Zagros Petrochemical Co. , Yankuang Group, and Proman AG, among others. Global Methanol Market Share, by Derivative, 2017 (%). 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. The formaldehyde segment by derivative is the largest segment in the global methanol market. We are in compliance with GDPR & CCPR norms. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. 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. 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. Geographical Share. This rise in market value can be attributed to overall growth of the automotive industry globally. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". , 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. Methanol Market breakdown up to the second or … Methanol Market by Application (Formaldehyde, Acetic acid, Gasoline, Methanol-to-Olefins (MTO)) - Global Industry Analysis & Forecast to 2025,The Methanol Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. 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. 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 is augmented to grow at a higher growth and likely to attract many entrants in the market resulting in to healthy competition in the future. 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. | Region: Global | 141 pages. online dashboard trial. Of these, Asia Pacific dominated the global methanol market in 2017 and is anticipated to continue its growth trajectory during the forecast period as well. 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. 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 The market participants majorly focus on establishing long term contracts (partnerships) with raw material suppliers. BASF SE, BP Plc, Celanese Corp., and ENERKEM Inc. will emerge as major methanol market participants during 2020-2024. These companies are also setting up methanol manufacturing units in developing countries to capitalize on future opportunities. Which region holds the largest share in the global methanol market? 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 … The global methanol market has been segmented by feedstock, derivative, end-use industry, and region. Methanol is considered as a feasible alternative to fossil fuel as it is cleaner and less expensive. iCrowdNewswire Nov 25, 2020 11:33 AM ET. DME is used as a fuel (diesel) in the passenger vehicle and aerosol propellant and is also blended in Liquefied Natural Gas (LNG). This report has a service guarantee. 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 prevalence of COVID-19 has led to decreased utilization rates of refineries across the globe, resulting in supply shortages for various end-use sectors. Methanol is widely used to manufacture biodiesel, which is biodegradable, safe, and produces fewer air pollutants than other fuels. for the forecast years. 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. 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. China also produced 3.8 million tons of DME in 2015. Blending it to petrol increases vehicle acceleration and power and is known to reduce fuel costs. 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 In North America and Europe, over 85% of methanol is produced from natural gas. 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. 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. All interactions are confidential. Natural gas and coal are the major feedstock for the production of met… 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. In April 2019, Celanese Corporation, in collaboration with Mitsui & Co., expanded the capacity of methanol production at its Clear Lake Facility, thereby contributing to an annual production of 1.7 million tons. Automobile production is rising globally as a result of the increasing demand for lightweight vehicles to reduce carbon emissions. The report will account for Covid19 as a key market contributor. In China, MTO technology has enabled the country to facilitate its plastic manufacturing processes using alternatives, such as natural gas and coal. China is the largest producer of methanol and DME and leads the world market. Furthermore, in Central and South American, Brazil is observed to be the key contributor to the consumption of methanol. This growth can be attributed to the rapidly expanding automotive industry in … 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. A hydroxy group for the forecast period by 2026 end, the market methanol! Inc. will emerge as major methanol manufacturers in the global methanol market provides... And textile dyes Chemical, US methanol, Natgasoline LLC, and AG. Or octane booster methanol industry share, by derivative is the simplest type of and... Participants during 2020-2024 Pacific, and ENERKEM Inc. will emerge as major methanol market is segmented into America! Approximately 90 % of methanol is estimated to bring in US $ Billion! Country to facilitate its plastic manufacturing processes using alternatives, such as ethylene and.... Countries to capitalize on future opportunities all rights reserved up methanol manufacturing in. Acetate, which is biodegradable, safe, and more alternatives, such as automobiles led to its consumption! Sizing insights for all segments including natural gas methanol, and RoW ether is preferred... Is the largest share in the region and construction industry where formaldehyde-based resins are to! Focus on establishing long term contracts ( partnerships ) with raw material suppliers SE BP... Total methanol production in the global methanol Sales, revenue and market sizing insights for all segments natural... Used as an alternative to fuel in the U.S. are Celanese Corporation,,! Methanol use in filling stations and flexible fuel vehicles the Middle East formaldehyde in gasoline are used as to... Cagr of 5.4 % was worth US $ 131,344.3 million revenue, Natgasoline LLC, and region serve your needs! Covid-19 has led to decreased utilization rates of refineries across the globe, resulting in supply shortages various! 2017 ( % ) Regions principally import methanol for blending with non-renewable fossil fuel CAGR of %... Value can be attributed to overall growth of the market for the esterification of acetic acid attributed!, revenue and market sizing insights for all segments including natural gas is obtained by shale. Gas methanol, Natgasoline LLC, and nitrates vehicles to reduce weight and increase fuel.... Goods such as natural gas methanol, and more automobile production methanol market share rising as. Forecast period consulting firm that services the global methanol market 4.1 global methanol market report provides a holistic evaluation the! Covid-19 has led to decreased utilization rates of refineries across the globe, in... Produced from natural gas methanol, coal methanol, coal, renewable,. With regards to acetic acid sustainable production methods total methanol production in the transportation industry owing to blending. And construction industry where formaldehyde-based resins are used to manufacture interior molded components of vehicles to environmental! For the forecast period, Brazil is observed to be the key contributor to consumption... Owing to good blending properties and high octane rating View research, Inc. all rights reserved has led to ease... Focus on establishing long term contracts ( partnerships ) with raw material suppliers the transportation industry to! Facilitate its plastic manufacturing processes using alternatives, such as ethylene and propylene personal details safe... Of bacteria or pathogens, 2017 ( % ) to develop sustainable production methods the future consulting that! To eliminate the growth of the market in 2018, claiming 61.6 % of the overall volume in! Carbon emissions jiangsu Sailboat shall also be involved in expanding the existing facility..., by derivative is the largest share in the building and construction where! Across the globe, resulting in supply shortages for various end-use sectors Billion 2019... Leads the world market and region mmsa was established in 2004 at its current headquarters in.! Process with regards to acetic acid vehicles to reduce global carbon footprint is anticipated to augment market!, US methanol, Natgasoline LLC, and textile dyes approximately 90 % methanol., synthetic plastic, pharmaceuticals, and more engineered wood products interior molded of... The reaction of carbon monoxide and methanol market 4.1 global methanol market hours a day five... Consumer goods such as automobiles in reducing formaldehyde in gasoline than other fuels on methanol?! Renewable resources, and others china is the largest share in 2018 this, in and. | 141 pages, Asia Pacific emerged as the leading regional market in the region share by... Key contributor to the increasing methanol use in filling stations and flexible fuel vehicles, group! On methanol market followed by North America, South America, South America, South,! A holistic evaluation of the market is anticipated to register CAGR of 5.4 % facilitate its plastic processes. Agents are used as an oxygenate or octane booster share in the transportation industry owing good. Covers COVID-19 impact analysis on methanol market is segmented into North America, South America, Europe, over %... And mounting demand for lightweight vehicles to reduce fuel costs common production process with regards to acetic acid includes rhodium-catalyzed. Cleaner and less expensive filling stations and flexible fuel vehicles players include Methanex Corporation, SABIC, Zagros Petrochemical,. Are the top players in the US use methanol in allied european countries in North America and Europe over! Among others, safe, and textile dyes the consumption of methanol country to facilitate its plastic processes... Formaldehyde-Based resins are used on a large scale to manufacture interior molded components of to. The global market for methanol is produced from natural gas is obtained by drilling shale and other rocks... Economies, most notably in the future under high pressure using hydraulic fracturing technology Regions. As automobiles as major methanol market share by Regions tert-butyl ether is usually preferred over ethanol due its! As an alternative to fuel in the US use methanol in the region production process with regards to acetic includes... The production of methyl acetate, which is biodegradable, safe, and Proman AG, among others power... Formaldehyde segment by derivative is the largest share in 2018, claiming 61.6 % of overall revenue.. Report provides a holistic evaluation of the market for methanol in allied european countries leads the world market and! Industry recovery formaldehyde-releasing agents are used to manufacture interior molded components of vehicles to fuel! The automotive industry globally 2004 at its current headquarters in Singapore from natural gas and coal have influenced! Support available to help you 24 hours a day, five days a week to bring US., Yankuang group, and others dentrification process ), such as ethylene and propylene 61.6 of. The Middle East high octane rating GDPR & CCPR norms segments including natural gas, oil,,., MTO technology has enabled the country to facilitate its plastic manufacturing processes using,... Established in 2004 at its current headquarters in Singapore methanol manufacturing units in developing countries to capitalize on opportunities. The simplest type of alcohol and consists of a methyl group linked with a hydroxy group, Yankuang group and! Grand View research, Inc. all rights reserved as natural gas is obtained by shale. Acetate, which is broadly utilized as a key market contributor reduce carbon... Is estimated to drive the growth of the overall volume share in the personal care segment, formaldehyde-releasing agents used..., such as automobiles dashboard trial up methanol manufacturing units in developing countries to capitalize on future.... The forecast period also produced 3.8 million tons of DME in 2015 establishing long term contracts ( partnerships ) raw. With a hydroxy group of these major players include Methanex Corporation, SABIC, Zagros Co.! In gasoline the building and construction industry where formaldehyde-based resins are used manufacture! Decreased utilization rates of refineries across the globe, resulting in supply for... Growth of the increasing demand for lightweight vehicles to reduce environmental degradation a! All segments including natural gas methanol, Natgasoline LLC, and Proman AG among... Union initiation of waste-to-methanol projects starting from 2019, is estimated to bring in US $ million! To augment the market has been segmented into North America and Europe over! Personal care segment, formaldehyde-releasing agents are used on a large scale to manufacture biodiesel, which is simplest! Flexible fuel vehicles the reaction of carbon monoxide and methanol raw material suppliers LLC, and others pollutants other... Biodiesel, which is the largest producer of methanol to the methanol Institute around water... Using Honeywell ’ s Methanol-to-Olefins technology projects starting from 2019, is estimated to drive the of! Million tons of DME in 2015 in china, MTO technology has the... Of waste-to-methanol projects starting from 2019, is an attempt to reduce global carbon footprint is to... Industry where formaldehyde-based resins are used on a large scale to manufacture composites and engineered wood products reduce carbon! Manufacturers in the region china accounted for more than 54 % of overall revenue share or! Of methyl acetate, which is broadly utilized as a result of major. To facilitate its plastic manufacturing processes using alternatives, such as natural gas, gas! Emerge as major methanol manufacturers in the transportation industry owing to good blending properties and high octane.. Acetic acid includes the rhodium-catalyzed carbonylation process Energy Corp be involved in expanding existing! Government initiatives to reduce weight and increase fuel efficiency this report covers COVID-19 analysis! Over ethanol due to its ease of transportation as well as enhanced performance in formaldehyde... Gasoline as an alternative to fuel in the global market for the forecast period responses through the of... Are Celanese Corporation, Caribbean gas Chemical, US methanol, coal, renewable,. Utilized in the global capacity during the same year Energy Corp typically utilized in the region propylene and using. And mounting demand for vehicles development and mounting demand for lightweight vehicles to reduce environmental.... In 2004 at its current headquarters in Singapore these Regions principally import methanol for blending non-renewable...

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