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Global Methanol Market
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Global Methanol Market

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Methanol Market- Global Industry Size, Share, Growth, Opportunity and Forecast, 2018-2028, Segmented By Derivatives (Gasoline, Methanol-to-Olefins/Methanol-to-Propylene (MTO/MTP), Methyl Tertiary Butyl Ether (MTBE), Acetic Acid, Dimethyl Ether (DME), Biodiesel, And Others); By Feedstock (Coal, Natural Gas, And Others); By End-User (Automotive, Electronics, Construction, Appliances, Insulation, Paints & Coatings, And Others); By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa);

  • Published Date: March 2022
  • Report ID: BWC22097
  • Available Format: PDF
  • Page: 204

Report Overview

The growth of the global methanol market can be primarily attributed to the rising demand for methanol-based fuel. Being a clean fuel, methanol is preferred over conventional gasoline fuel to reduce harmful emissions such as nitrogen oxides, carbon monoxide, and hydrocarbon emissions...

Global Methanol Market - Industry Trends & Forecast Report 2028 

The global methanol market is expected to grow from USD 30,654.6 million in 2021 to USD 39,634.1 million in 2028 at a CAGR of 3.9% during the forecast period of 2022-2028. The growth of the methanol market can be primarily attributed to the rising demand for methanol-based fuel. Methanol, being a clean fuel, is preferred over conventional gasoline fuel to reduce the harmful emissions such as nitrogen oxides, carbon monoxide, and hydrocarbon emissions. Moreover, the growing demand for petrochemicals in several emerging economies of Asia-pacific also drives the demand for methanol. Such factors promise bright prospects for the growth of the global methanol market during the forecast period.

Global Methanol Market

Methanol Overview 

Methanol (CH3OH), also known as methyl alcohol, wood spirit, or wood alcohol, is the most basic of the alcohols, which are a group of chemical combinations. It consists of a hydroxy group (OH) and the methyl group (CH3). Menthol is terpene alcohol with a special minty, cooling odor and taste, often comprehended as peppermint camphor. Menthol is a medical element utilized in topical application, nasal inhalers, and cough drops. Methanol is utilized as a source or a feedstock to produce several chemical components and products. Owing to its characteristics of being similar to the traditional fuel products, it is used as a substitute fuel in numerous transportation systems. Methanol is also known as wood alcohol due to its derivation from the distillation process of wood.

Global Methanol Market

Growth Drivers 

Rising Need For Methanol in Automotive Industry

Since methanol is readily obtainable and exceptionally efficient, it is extensively used in the automotive industry as a transport fuel and antifreeze agent for automobile radiators. In addition, it is used to make Dimethyl ether (DME) and Methyl tert-butyl ether (MTBE), both of which are safer alternatives to regular gasoline. It also includes an important element of biodiesel and is utilized in internal combustion engines. Also, the alcohol finds multiple applications in the manufacturing of formaldehyde, acetic acid, and methyl acetate. These chemicals are also used to produce paints, plywood, solvents, adhesives, foams, explosives, and plastics. Similarly, since methanol biodegrades easily and is eco-friendly, it is preferred over companions like gasoline, diesel, and crude oil. These factors are expected to boost the methanol market's growth during the forecast years.

Increasing Demand from Automotive and Construction Industries

The rising need from industries, such as construction and automotive, is anticipated to boost methanol consumption. Methyl alcohol acts as a prototype for various chemicals and combinations, such as plastics, textiles, adhesives, insulation materials, and others. Plastics play a vital role in automobiles by reducing the vehicle's overall weight, therefore transferring properties equivalent to metals and improving the vehicle's fuel efficiency. Plastics are used in a variety of ways in the construction sector, from the piping to crane ropes. Similarly, the need for adhesives from the furniture and consumer goods industries will also help the growth of the methanol market. Further, the rising consumption of methanol in fuel blending applications is anticipated to advance the growth of methanol in the automotive market during the projection period.

Restraint

Harmful Effects Due to Vulnerability to Methanol

Methanol is a hazardous alcohol used as a solvent, insecticide, and alternative fuel source in industry. It can also be found in humans, plants, and animals. Fresh fruits and vegetables, fruit juices, fermented beverages, and aspartame-containing diet soft drinks are the most common sources of methanol in the human body. The majority of methanol poisonings are caused by drinking methanol-contaminated beverages or consuming methanol-containing items. In the industrial setting, inhalation of high amounts of methanol vapor and skin absorption of methanol are equally effective in creating hazardous effects as the oral route. Methanol's characteristic pungent (alcohol) odour does not provide enough warning of low levels of exposure. During the projected years, these causalities are expected to hamper the methanol market's growth.

Impact Of COVID-19 On Global Methanol Market

The effect of the COVID-19 pandemic on the methanol industry expansion is anticipated to be more effective due to the downshift in manufacturing activities. The unexpected results of coronavirus have caused significant companies to temporarily close their manufacturing factories due to a considerable reduction in manufacturing movements. For instance, Methanex Corporation, one of the crucial players in the market, ended its plants located in Trinidad and Chile with the display capacities of 800 KT per annum and 850 KT per annum methanol respectively. A reduction in biodiesel consumption and different fuels has slowed down the demand. The decline in manufacturing sectors has reduced the need for paints, chemicals, and adhesives derived from methanol, thereby contributing to the declining demand for methanol across the end-use industry production sector.

Global Methanol Market– By Derivatives

Based on derivatives, the global methanol market is segmented into gasoline, methanol-to-olefins/methanol-to-propylene (MTO/MTP), methyl tertiary butyl ether (MTBE), acetic acid, dimethyl ether (DME), biodiesel, and others. Formaldehyde(others) derivative accounted for the largest share in 2021; Formaldehyde resins are utilized on a large scale to manufacture interior molded components of vehicles to decrease weight and improve fuel efficiency. In the private care segment, formaldehyde-releasing agents are utilized as preservatives to stop the growth of pathogens or bacteria. Followed by the formaldehyde segment, the methyl tertiary butyl ether (MTBE) and acetic acid are anticipated to grow at a lucrative growth rate due to rising consumption in the end-user industry during the forecast period.

Global Methanol Market Share

Global Methanol Market– By Feedstock

The global methanol market is segmented into coal, natural gas, and others based on feedstock. The Natural gas segment accounted for the largest share in 2021, owing to the expanded usage of natural gas as a feedstock for methanol synthesis. Similarly, the production price is cheap and occurs at moderate temperature and pressure; the natural gas production process is simple and economically practical. Also, coal is estimated to account for the fastest growth in the methanol feedstock segment; this is because coal is supposed to be the sustainable alternative raw material for large-scale methanol production, which is the major factor for the growth in demand for coal as the feedstock of methanol industry.

Global Methanol Market– By End-User

Based on end-user, the global methanol market is segmented into automotive, electronics, construction, appliances, insulation, paints & coatings, and others. The construction industry accounted for the most revenue. During the projection period, the construction segment is expected to increase at the fastest CAGR. This is due to the broad range of obtainable methanol-based goods, including adhesives, plywood subfloors, foams, and plastics. These goods are majorly utilized in the construction sector, and increasing need is projected to push consumption.

Global Methanol Market– Regional Insights.

Based on region, the global Methanol market is divided into North America, Europe, the Asia-Pacific, Latin America, and the Middle East Africa region. The Asia Pacific held the largest share, owing to the fast-growing consumption of methanol in the automotive, electronics, and construction industries in regions like Japan, China, India, South Korea, and Australia, which have led to expanded demand for methanol in Asia Pacific region. The demand from fuelling applications, such as the manufacture of green fuels and fuel blending, is responsible for growth in the North America region, which holds the second-largest market share in the global market. Similarly, the surging petrochemical industry in the region will support the market’s growth during the forecast period.

Competitive Landscape 

The methanol market is a fragmented market with numerous players serving the market. The key players dominating the global Methanol market are BASF SE, PETRONAS, Celanese Corporation, HELM Proman Methanol AG, LyondellBasell Industries B.V, Metafrax Chemicals, Methanex Corporation, Mitsubishi Gas Chemical Company Inc, Mitsui & Co.Ltd., SABIC, SI Southern Chemical Corporation PCHEM, Simalin Chemical Industries Limited, OCI N.V., Zagros Petrochemical Company, Valero Marketing & Supply Company, Qatar Fuel, Additives Company Limited, Yanzhou Coal Mining Co., and other prominent players. The market players are focusing on increasing their customer base to attain a competitive edge in the market. The key marketing strategies adopted by the players are the introduction of new offers, new and advanced product launches, collaborations, partnerships, and acquisitions to expand their customer reach. Different strategies are adopted, like engaging in strategic alliances, agreements, mergers, and collaborations.

 

Recent Development

  • In September 2021: SABIC announced the latest developments of establishing a petrochemical joint venture project with ExxonMobil in the US Gulf Coast. This project contributes to the company's global expansion strategy of diversifying feedstock sources and bolstering its petrochemical manufacturing presence in North America for a variety of products.
  • In July 2021:  Methanex Corporation and Mitsui O.S.K. Lines (MOL) announced that the parties had concluded Key Commercial Terms for the purchase and sale of an equity position and establishing a strategic partnership involving Methanex’s Waterfront Shipping (WFS) subsidiary. For USD145 million, MOL will buy a 40% stake in WFS. WFS will continue to be operated as a significant component of Methanex's worldwide supply chain capabilities, with Methanex holding the remaining 60% majority stake.

Scope of Report:

 

Attribute   Details  
Years Considered   Historical data- 2018-2021
Base Year- 2021
Forecast- 2022-2028
Facts Covered   Revenue in USD Million, Volume in Kilo Tons
Market Coverage   United States, Canada, Germany, United Kingdom, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, United Arab Emirates, South Africa  
Product/Service Segmentation   By Derivatives, By Feedstock, By End-User, And By Region.
Key Players   The key players dominating the global Methanol market are ZAGROS PETROCHEMICAL COMPANY, SIPCHEM, HELM PROMAN METHANOL AG, METHANEX CORPORATION, SABIC, YANZHOU COAL MINING CO, CELANESE CORPORATION, BASF SE AND PETRONAS, MITSUBISHI GAS CHEMICAL COMPANY INC., MITSUI & CO., LTD., LyondellBasell INDUSTRIES B.V., METAFRAX CHEMICALS, AND OTHER PROMINENT PLAYERS.

 

By Derivatives 

  • Gasoline
  • Methanol-to-Olefins/Methanol-to-Propylene (MTO/MTP)
  • Methyl Tertiary Butyl Ether (MTBE)
  • Acetic Acid
  • Dimethyl Ether (DME)
  • Biodiesel
  • Others

By Feedstock

  • Coal
  • Natural Gas
  • Others

By End-User

 

  • Automotive
  • Electronics
  • Construction
  • Appliances
  • Insulation
  • Paints & Coatings
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

 

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Global Methanol Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Recent Development/Technological Advancement
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Global Methanol Market Overview
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
      2. By Volume (Kilo Tons)
    2. Market Share & Forecast
      1. By Derivatives
        1. Gasoline
        2. Methanol-to-Olefins/Methanol-to-Propylene (MTO/MTP)
        3. Methyl Tertiary Butyl Ether (MTBE)
        4. Acetic Acid
        5. Dimethyl Ether (DME)
        6. Biodiesel
        7. Others
      2. By Feedstock
        1. Coal
        2. Natural Gas
        3. Others
      3. By End-User
        1. Automotive
        2. Electronics
        3. Construction
        4. Appliances
        5. Insulation
        6. Paints & Coatings
        7. Others
      4. By Region
        1. North America
        2. Europe
        3. The Asia Pacific
        4. Latin America
        5. The Middle East and Africa
  6. North America Methanol Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
      2. By Volume (Kilo Tons)
    2. Market Share & Forecast
      1. By Derivatives
      2. By Feedstock
      3. By End User
      4. By Country
        1. United States
        2. Canada
  7. Europe Methanol Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
      2. By Volume (Kilo Tons)
    2. Market Share & Forecast
      1. By Derivatives
      2. By Feedstock
      3. By End User
      4. By Country
        1. Germany
        2. United Kingdom
        3. Italy
        4. France
        5. Spain
        6. Rest of Europe
  8. The Asia Pacific Methanol Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
      2. By Volume (Kilo Tons)
    2. Market Share & Forecast
      1. By Derivatives
      2. By Feedstock
      3. By End User
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of Asia Pacific
  9. Latin America Methanol Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
      2. By Volume (Kilo Tons)
    2. Market Share & Forecast
      1. By Derivatives
      2. By Feedstock
      3. By End User
      4. By Country
        1. Brazil
        2. Mexico
        3. Rest of Latin America
  10. The Middle East & Africa Methanol Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
      2. By Volume (Kilo Tons)
    2. Market Share & Forecast
    3. By Derivatives
    4. By Feedstock
      1. By End User
      2. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of Middle East & Africa
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership.)
  12. Impact of Covid-19 on Global Methanol Market Industry
  13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. BASF SE
    2. Petronas
    3. Celanese Corporation,
    4. HELM Proman Methanol AG
    5. LyondellBasell Industries B.V
    6. Metafrax Chemicals
    7. Methanex Corporation,
    8. Mitsubishi Gas Chemical Company Inc
    9. Mitsui & Co.Ltd.
    10. SABIC
    11. SI Southern Chemical Corporation PCHEM
    12. Simalin Chemical Industries Limited
    13. OCI N.V.
    14. Zagros Petrochemical Company
    15. Valero Marketing & Supply Company
    16. Qatar Fuel Additives Company Limited
    17. Yanzhou Coal Mining Co
    18. Other prominent players

 

  1. Key Strategic Recommendations

 

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List Of Figures

 

Figure 1        Global Methanol Segmentation

Figure 2        Global Methanol Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        Global Methanol Market Size, By Value (USD Million), 2018-2028                  

Figure 5        Global Methanol Market Size, By Volume (Kilo Tons), 2018-2028                   

Figure 6        Global Methanol Market Share, By Derivatives, By Value, 2018-2028             

Figure 7        Global Methanol Market Share, By Derivatives, By Volume (Kilo Tons), 2018-2028

Figure 8        Global Methanol Market Share, By Feedstock, By Value, 2018-2028               

Figure 9        Global Methanol Market Share, By Feedstock, By Volume (Kilo Tons), 2018-2028

Figure 10       Global Methanol Market Share, By End-User, By Value, 2018-2028      

Figure 11       Global Methanol Market Share, By End-User, By Volume (Kilo Tons), 2018-2028

Figure 12       Global Methanol Market Share, By Region, By Value, 2018-2028

Figure 13       Global Methanol Market Share, By Region, By Volume (Kilo Tons), 2018-2028 

Figure 14       North America Methanol Market Size, By Value (USD Million), 2018-2028

Figure 15       North America Methanol Market Size, By Volume (Kilo Tons), 2018-2028

Figure 16       North America Methanol Market Share, By Derivatives, By Value, 2018-2028

Figure 17       North America Methanol Market Share, By Derivatives, By Volume (Kilo Tons),2018-2028

Figure 18       North America Methanol Market Share, By Feedstock, By Value, 2018-2028

Figure 19       North America Methanol Market Share, By Feedstock, By Volume (Kilo Tons),2018-2028

Figure 20       North America Methanol Market Share, By End-User, By Value, 2018-2028

Figure 21       North America Methanol Market Share, By End-User, By Volume (Kilo Tons), 2018-2028

Figure 22       North America Methanol Market Share, By Country, By Value, 2018-2028

Figure 23       North America Methanol Market Share, By Country, By Volume (Kilo Tons),2018-2028

Figure 24       Europe Methanol Market Size, By Value (USD Million), 2018-2028

Figure 25       Europe Methanol Market Size, By Volume (Kilo Tons), 2018-2028

Figure 26       Europe Methanol Market Share, By Derivatives, By Value, 2018-2028

Figure 27       Europe Methanol Market Share, By Derivatives, By Volume (Kilo Tons),2018-2028

Figure 28       Europe Methanol Market Share, By Feedstock, By Value, 2018-2028

Figure 29       Europe Methanol Market Share, By Feedstock, By Volume (Kilo Tons), 2018-2028

Figure 30       Europe Methanol Market Share, By End-User, By Value, 2018-2028

Figure 31       Europe Methanol Market Share, By End-User, By Volume (Kilo Tons), 2018-2028

Figure 32       Europe Methanol Market Share, By Country, By Value, 2018-2028

Figure 33       Europe Methanol Market Share, By Country, By Volume (Kilo Tons) 2018-2028

Figure 34       The Asia-Pacific Methanol Market Size, By Value (USD Million), 2018-2028

Figure 35       The Asia-Pacific Methanol Market Size, By Volume (Kilo Tons), 2018-2028

Figure 36       The Asia-Pacific Methanol Market Share, By Derivatives, By Value, 2018-2028

Figure 37       The Asia-Pacific Methanol Market Share, By Derivatives, By Volume (Kilo Tons), 2018-2028

Figure 38       The Asia-Pacific Methanol Market Share, By Feedstock, By Value, 2018-2028

Figure 39       The Asia-Pacific Methanol Market Share, By Feedstock, By Volume (Kilo Tons), 2018-2028

Figure 40       The Asia-Pacific Methanol Market Share, By End-User, By Value, 2018-2028

Figure 41       The Asia-Pacific Methanol Market Share, By End-User, By Volume (Kilo Tons), 2018-2028

Figure 42       The Asia-Pacific Methanol Market Share, By Country, By Value, 2018-2028

Figure 43       The Asia-Pacific Methanol Market Share, By Country, By Volume (Kilo Tons), 2018-2028

Figure 44       Latin America Methanol Market Size, By Value (USD Million), 2018-2028

Figure 45       Latin America Methanol Market Size, By Volume (Kilo Tons), 2018-2028

Figure 46       Latin America Methanol Market Share, By Derivatives, By Value, 2018-2028

Figure 47       Latin America Methanol Market Share, By Derivatives, By Volume, 2018-2028

Figure 48       Latin America Methanol Market Share, By Feedstock, By Value, 2018-2028

Figure 49       Latin America Methanol Market Share, By Feedstock, By Volume (Kilo Tons), 2018-2028

Figure 50       Latin America Methanol Market Share, By End-User, By Value, 2018-2028

Figure 51       Latin America Methanol Market Share, By End-User, By Volume (Kilo Tons), 2018-2028

Figure 52       Latin America Methanol Market Share, By Country, By Value, 2018-2028

Figure 53       Latin America Methanol Market Share, By Country, By Volume (Kilo Tons) 2018-2028

Figure 54       The Middle East & Africa Methanol Market Size, By Value (USD Million), 2018-2028

Figure 55       The Middle East & Africa Methanol Market Size, By Volume (kilo Tons), 2018-2028

Figure 56       The Middle East & Africa Methanol Market Share, By Derivatives, By Value, 2018-2028

Figure 57       The Middle East & Africa Methanol Market Share, By Derivatives, By Volume (Kilo Tons), 2018-2028

Figure 58       The Middle East & Africa Methanol Market Share, By Feedstock, By Value, 2018-2028

Figure 59       The Middle East & Africa Methanol Market Share, By Feedstock, By Volume (Kilo Tons), 2018-2028

Figure 60       The Middle East & Africa Methanol Market Share, By End-User, By Value, 2018-2028

Figure 61       The Middle East & Africa Methanol Market Share, By End-User, By Volume (Kilo Tons), 2018-2028

Figure 62       The Middle East & Africa Methanol Market Share, By Country, By Value, 2018-2028

Figure 63       The Middle East & Africa Methanol Market Share, By Country, By Volume (Kilo Tons), 2018-2028

 

List Of Tables

 

Table 1         Global Methanol Market Size, By Derivatives, By Value, 2018-2028

Table 2         Global Methanol Market Size, By Derivatives, By Volume (Kilo Tons), 2018-2028

Table 3         Global Methanol Market Size, By Feedstock, By Value, 2018-2028

Table 4         Global Methanol Market Size, By Feedstock, By Volume (Kilo Tons), 2018-2028

Table 5         Global Methanol Market Size, By End-User, By Value, 2018-2028

Table 5         Global Methanol Market Size, By End-User, By Volume (Kilo Tons), 2018-2028

Table 6         Global Methanol Market Size, By Region, By Value, 2018-2028

Table 7         North America Methanol Market Size, By Derivatives, By Value, 2018-2028

Table 8         North America Methanol Market Share, By Derivatives, By Volume (Kilo Tons),2018-2028

Table 9         North America Methanol Market Size, By Feedstock, By Value, 2018-2028

Table 10        North America Methanol Market Share, By Feedstock, By Volume (Kilo Tons),2018-2028

Table 11        North America Methanol Market Size, By End-User, By Value, 2018-2028

Table 12        North America Methanol Market Share, By End-User, By Volume (Kilo Tons), 2018-2028

Table 13        North America Methanol Market Size, By Country, By Value, 2018-2028

Table 14        North America Methanol Market Share, By Country, By Volume (Kilo Tons),2018-2028

Table 15        Europe Methanol Market Share, By Derivatives, By Value, 2018-2028

Table 16        Europe Methanol Market Share, By Derivatives, By Volume (Kilo Tons),2018-2028

Table 17        Europe Methanol Market Share, By Feedstock, By Value, 2018-2028

Table 18        Europe Methanol Market Share, By Feedstock, By Volume (Kilo Tons), 2018-2028

Table 19        Europe Methanol Market Share, By End-User, By Value, 2018-2028

Table 20        Europe Methanol Market Share, By End-User, By Volume (Kilo Tons), 2018-2028

Table 21        Europe Methanol Market Share, By Country, By Value, 2018-2028

Table 22        Europe Methanol Market Share, By Country, By Volume(Kilo Tons) 2018-2028

Table 23        The Asia-Pacific Methanol Market Share, By Derivatives, By Value, 2018-2028

Table 24        The Asia-Pacific Methanol Market Share, By Derivatives, By Volume (Kilo Tons),  2018-2028

Table 25        The Asia-Pacific Methanol Market Share, By Feedstock, By Value, 2018-2028

Table 26        The Asia-Pacific Methanol Market Share, By Feedstock, By Volume (Kilo Tons), 2018-2028

Table 27        The Asia-Pacific Methanol Market Share, By End-User, By Value, 2018-2028

Table 28        The Asia-Pacific Methanol Market Share, By End-User, By Volume (Kilo Tons), 2018-2028

Table 29        The Asia-Pacific Methanol Market Share, By Country, By Value, 2018-2028

Table 30        The Asia-Pacific Methanol Market Share, By Country, By Volume (Kilo Tons), 2018-2028

Table 31        Latin America Methanol Market Share, By Derivatives, By Value, 2018-2028

Table 32        Latin America Methanol Market Share, By Derivatives, By Volume, 2018-2028

Table 33        Latin America Methanol Market Share, By Feedstock, By Value, 2018-2028

Table 34        Latin America Methanol Market Share, By Feedstock, By Volume (Kilo Tons), 2018-2028

Table 35        Latin America Methanol Market Share, By End-User, By Value, 2018-2028

Table 36        Latin America Methanol Market Share, By End-User, By Volume (Kilo Tons), 2018-2028

Table 37        Latin America Methanol Market Share, By Country, By Value, 2018-2028

Table 38        Latin America Methanol Market Share, By Country, By Volume (Kilo Tons) 2018-2028

Table 39        The Middle East & Africa Methanol Market Share, By Derivatives, By Value, 2018-2028

Table 40        The Middle East & Africa Methanol Market Share, By Derivatives, By Volume (Kilo Tons), 2018-2028

Table 41        The Middle East & Africa Methanol Market Share, By Feedstock, By Value, 2018-2028

Table 42        The Middle East & Africa Methanol Market Share, By Feedstock, By Volume (Kilo Tons), 2018-2028

Table 43        The Middle East & Africa Methanol Market Share, By End-User, By Value, 2018-2028

Table 44        The Middle East & Africa Methanol Market Share, By End-User, By Volume (Kilo Tons), 2018-2028

Table 45        The Middle East & Africa Methanol Market Share, By Country, By Value, 2018-2028

Table 46        The Middle East & Africa Methanol Market Share, By Country, By Volume (Kilo Tons), 2018-2028

Table 49        BASF SE Company Overview

Table 50        BASF SE Financial Overview

Table 51        Celanese Corporation, Company Overview

Table 52        Celanese Corporation, Financial Overview

Table 53        HELM Proman Methanol AG Company Overview

Table 54        HELM Proman Methanol AG Financial Overview

Table 55        Metafrax Chemicals Company Overview

Table 56        Metafrax Chemicals Financial Overview

Table 57        Mitsubishi Gas Chemical Company Inc Company Overview

Table 58        Mitsubishi Gas Chemical Company Inc Financial Overview

Table 59        Mitsui & Co.Ltd. Company Overview

Table 60        Mitsui & Co.Ltd. Financial Overview

Table 61        SABIC Company Overview

Table 62        SABIC Financial Overview

Table 63        SI Southern Chemical Corporation PCHEM Company Overview

Table 64        SI Southern Chemical Corporation PCHEM Financial Overview

Table 67        Simalin Chemical Industries Limited Company Overview

Table 68        Simalin Chemical Industries Limited Financial Overview

Table 69        OCI N.V. Company Overview

Table 70        OCI N.V. Financial Overview

Table 71        Zagros Petrochemical Company Overview

Table 72        Zagros Petrochemical Company Financial Overview

Table 73        Valero Marketing & Supply Company Overview

Table 74        Valero Marketing & Supply Company Financial Overview

Table 75        Qatar Fuel Additives Company Limited Company Overview

Table 76        Qatar Fuel Additives Company Limited Financial Overview

Market Segmentation

By Derivatives

  • Gasoline
  • Methanol-to-Olefins/Methanol-to-Propylene (MTO/MTP)
  • Methyl Tertiary Butyl Ether (MTBE)
  • Acetic Acid
  • Dimethyl Ether (DME)
  • Biodiesel
  • Others

By Feedstock

  • Coal
  • Natural Gas
  • Others

By End-User

 

  • Automotive
  • Electronics
  • Construction
  • Appliances
  • Insulation
  • Paints & Coatings
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
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Frequently Asked Questions (FAQs):

Ans: The global methanol market reached USD 30,654.6 Million in 2021.  
Ans: The growth of the global Methanol market can be attributed to the growing demand for methanol in the production of Methyl tert-butyl ether (MTBE) and dimethyl ether, also increasing usage of methanol as a fuel in automobiles due to more suitable engine performance and fuel economy, and government measures to lower global carbon footprint, are anticipated to push the global methanol market during the forecast period.
Ans: The key players dominating the global Methanol market are Zagros Petrochemical Company, SIPCHEM, HELM Proman Methanol AG, Methanex Corporation, SABIC, Yanzhou Coal Mining Co, Celanese Corporation, BASF SE and PETRONAS, Mitsubishi Gas Chemical Company Inc., Mitsui & Co., Ltd., LyondellBasell Industries B.V., Metafrax Chemicals, and other prominent players.
Ans: The natural gas feedstock accounted for the largest share in the global Methanol market.
Ans: North America region is growing at a higher rate in the global methanol market.