Methanol Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Price plays a crucial role in the overall ecosystem of the methanol industry. The industry is highly dependent on fossil fuels and fluctuating prices of natural gas and coal could hamper the methanol market landscape. Methanol is a key product in the chemical industry. It is mainly used for producing other chemicals such as formaldehyde, acetic acid, MTBE, MMA, and DMT among others. Therefore, the demand for methanol depends on the production of the aforementioned chemicals. For instance, a product like formaldehyde is an important raw material in the production of a wide range of products like particleboard, plywood, and fiberboard; glues and adhesives; permanent-press fabrics; paper product coatings; and certain insulation materials. Further, several companies are manufacturing products that can run on methanol fuels. For instance, Geely’s latest Methanol Hybrid Emgrand is based on the company’s fourth-generation B-Segment Modular Architecture (BMA) Emgrand sedan. The new Emgrand runs on 100% clean methanol available in fueling stations. These aforementioned factors are likely to fuel the methanol market in the near future.

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According to UnivDatos Market Insights (UMI)’ research report “Global Methanol Market”, the market is expected to showcase a growth of around 4% during the forecast period. The large base of the methanol derivatives chemical sector and government focus on the methanol economy are among the key attributable factors to the growth of the market.

Based on feedstock, the market is categorized into natural gas, coal, and others. Among these, natural gas has a prominent share in the methanol market. This can be mainly attributable to the large use of natural gas for the production of methanol due to the abundance of natural gas globally and it also results in low-cost methanol production.

Based on industry, the market is categorized into chemical & polymer, transport, and others. Among these, chemical & polymer has a considerable share in the methanol market due to the production of a large number of chemical-related methanol derivatives. Derivatives like formaldehyde, MTBE, and acetic acid are among the largest consumer of methanol which is produced in the chemical industry. Further, increasing construction activities due to rising urbanization and growing population along with improving consumer disposable power which resulted in home decoration activities are further propelling the demand for building materials. Thus, increasing the consumption of methanol derivatives like formaldehyde, as a result, improving the market share of chemicals & polymers.

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Asia-Pacific accounted for a considerable share of the methanol market

Asia Pacific region accounted for a considerable position in the methanol market. As China is among the largest producer and consumers of methanol across the globe. The country has witnessed an exponential increase in the production and consumption of methanol due to its increase in the production of DME and methanol gasoline blending. Further, the country is among the largest producer of formaldehyde and acetic acid and the production is likely to increase in the near future due to growing end-use industries like construction, automotive, chemical, and textile among others owing to the vast population and growing consumer disposable income. Further, the country has an abundance of coal, which can be converted into methanol through gasification. For instance, Ningxia Baofeng Energy Group Co. Ltd. has commissioned the world’s largest single-train methanol plant as part of its new 600,000-tonnes/year coal-to-olefins complex at Ningdong Energy Chemical Base in Yinchuan City, Ningxia Province, China. Moreover, rising concerns about environmental conditions are increasing the adoption of methanol. Owing to these factors demand for methanol is likely to increase in the region.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global methanol market include Methanex Corporation, BASF SE, Mitsubishi Gas Chemical Company, Mitsui & Co. Ltd., Metafrax Chemicals, Petronas, Yanzhou Coal Mining Company Ltd., Shanghai Huayi (Group) Company, Ningxia Baofeng Energy Group Co. Ltd., Celanese Corporation. These companies are taking several strategic decisions to meet the growing demand and increase their market share.

“Global Methanol Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.      

Market Segmentation:

1.     By Feedstock (Coal, Natural Gas, and Others)

2.     By Derivatives (Formaldehyde, Acetic Acid, Methyl Tert-Butyl Ether (MTBE), Methyl Methacrylate (MMA), Dimethyl Terephthalate (DMT), Methanethiol, Methylamines, Methyl Chloride, Gasoline Blending & Combustion, Biodiesel, Dimethyl Ether (DME), Fuel Cells, Methanol-to-Olefins, and Others)

3.     By Industry (Chemical & Polymer, Transport, and Others)

4.     By Region (North America (United States, Canada, Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)

5.     By Company (Methanex Corporation, BASF SE, Mitsubishi Gas Chemical Company, Mitsui & Co. Ltd., Metafrax Chemicals, Petronas, Yanzhou Coal Mining Company Ltd., Shanghai Huayi (Group) Company, Ningxia Baofeng Energy Group Co. Ltd., Celanese Corporation)

Key questions answered in the study:

1.     What are the current and future trends of the global methanol industry?

2.     How the industry has been evolving in terms of feedstock, derivatives, and industry?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the global methanol industry?

5.     What are the customer orientation, purchase behavior, and expectations from the global methanol suppliers across various regions and countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL METHANOL MARKET COVID-19 IMPACT

6 GLOBAL METHANOL MARKET REVENUE (USD MN), 2019-2027F

7 MARKET INSIGHTS BY FEEDSTOCK

8 MARKET INSIGHTS BY DERIVATIVES

9 MARKET INSIGHTS BY INDUSTRY

10 MARKET INSIGHTS BY REGION

11 METHANOL MARKET DYNAMICS

12 METHANOL MARKET OPPORTUNITIES

13 METHANOL MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY-SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER