Global Methanol Market By Feedstock Overview
Methanol Market accounted for USD 3.45 Billion in 2020 and is estimated to be USD 5.77 Billion by 2030 and is anticipated to register a CAGR of 5.3%.
Methanol is also referred to as a methyl alcohol. This chemical is the simplest alcohol having a methyl group linked to a hydroxyl group. It is volatile, light, colorless, and flammable liquid, which is more toxic/harmful as compared to ethanol. It is produced from various feedstock including – natural gas, coal, biomass, waste and waste CO2 as well. It is used as the parent/ precursor in order to produce other chemicals including acetic acid, formaldehyde, and dimethyl ether. Methanol reduces greenhouse gases and as methanol biodegrades easily, it can be considered as a safer alternative for its competing products such as gasoline, crude oil, etc.
Global Methanol Market By Feedstock Drivers & Restraints
Increasing Demand of Methanol Market
The driving factor for methanol market is its increasing use in transportation and construction sector. Methanol is also being used widely in electronics and electricals, paints and coatings, pharmaceuticals, waste water treatment plants etc. Methanol is basically used to reduce CO2 emission and also as an antifreeze agent for automobile radiators. The use of methanol mixed with gasoline increases the fuel efficiency and the engine performance. Some innovative applications such as MTP (methanol-to-propylene) and MTO (methanol-to-olefins) have witnessed rapid growth in this target market across the globe. Methanol is used to produce formaldehyde which is widely used in explosives, owing to which its growing demand in formaldehyde production is boosting growth of the target market. However, high cost associated with the processing of methanol coupled with, lack of technological advancement in this process is major factors expected to hamper growth of the target market to certain extent over the forecast year.
Global Methanol Market By Feedstock Segmentations & Regional Insights
Methanol market has been segmented on the basis of feedstock, applications, derivatives and region.
On the basis of feedstock, the target market has been sub-segmented as natural gas, coal, and oil. On the basis of applications, the global methanol market is divided into pharmaceutical, automotive, paints, solvents, and packaging. On the basis of derivatives, the target market is sub-segmented into formaldehyde, dimethyl ether, gasoline, chloromethane, MTBE/TAME, acetic acid.
Regional Insights:
The Methanol Market accounted for US$ 3.45 billion in 2020 and is estimated to be US$ 5.77 billion by 2030 and is anticipated to register a CAGR of 5.3%. On the basis of region, the target market is sub segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific methanol market is expected to account for major revenue share as compared to that of other regions. This can be attributed to rapid growth in end-use verticals, increasing production of methanol availability of labor, and increased consumers demand in the countries of the region especially in the China and India. China alone produces large amount of the world’s methanol, and utilizes this fuel for transport.
Methanol Market Report Scope:
Attribute |
Details |
Base year for estimation |
2020 |
Forecast period |
2020 – 2030 |
Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
Market Segmentation |
By Feedstock - Natural Gas, Coal, and Oil By Application – Pharmaceutical, Automotive, Paints, Solvents, and Packaging By Derivatives – Formaldehyde, Dimethyl Ether, Gasoline, Chloromethane, MTBE/TAME, and Acetic Acid |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at , regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global Methanol Market report based on feedstock, applications, derivatives and region.
Methanol Market, By Region:
- North America
- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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-
- U.S.
- Canada
- Middle East & Africa
Global Methanol Market By Feedstock Competitive Landscape & Key Players
The Key players operating in the methanol market includes Methanex corporation, Methanol Holdings (Trinidad) Ltd, SABIC, PETRONAS chemicals Group Berhad, LyondellBasell Industries Holdings BV, Mitsubishi Gas Chemical Company Inc., Simalin Chemical Industries Limited, Solventis, Celanese Corporation, Antig Technology Co. Ltd., and China XLX Fertilizer Ltd.
Antig Technology Co. Ltd.
Antig is a fuel cell stack and solutions firm that has pioneered a game-changing new way for designing and manufacturing micro fuel cell systems. The Antig H2PowerChip is most important part of these systems. Mr Brent McKendry, CEO of Antig Technology, described a future scenario in which people could carry portable fuel cell chargers in their pockets. These fuel cells, based on Antig's proprietary H2PowerChip, will be less enough to carry while giving up to tens of times the runtime of a standard lithium ion battery.
Global Methanol Market By Feedstock Company Profile
- Methanex corporation
- Methanol Holdings (Trinidad) Ltd,
- SABIC, PETRONAS chemicals Group Berhad
- LyondellBasell Industries Holdings BV
- Mitsubishi Gas Chemical Company Inc.
- Simalin Chemical Industries Limited
- Solventis, Celanese Corporation
- Antig Technology Co. Ltd.
- China XLX Fertilizer Ltd.
FAQs
Methanol Market is segmented on basis of feed stock, application, derivatives and region.
The driving factor for global methanol market is its increasing use in transportation and construction sector.
Asia Pacific methanol market is expected to account for major revenue share as compared to that of other regions.
Methanol market includes Methanex corporation, Methanol Holdings (Trinidad) Ltd, SABIC, PETRONAS chemicals Group Berhad, LyondellBasell Industries Holdings BV, Mitsubishi Gas Chemical Company Inc., Simalin Chemical Industries Limited, Solventis, Celanese Corporation, Antig Technology Co. Ltd., and China XLX Fertilizer Ltd.