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Methanol - Global Strategic Business Report

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    Report

  • 523 Pages
  • November 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338607
The global market for Methanol is estimated at 76.0 Million Metric Tons in 2023 and is projected to reach 99.8 Million Metric Tons by 2030, growing at a CAGR of 4.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the methanol market is driven by several factors. One of the primary drivers is the increasing demand for methanol-based chemicals and derivatives, which are essential in various industrial applications, including plastics, pharmaceuticals, and construction materials. Technological advancements in methanol production, such as the development of more efficient and environmentally friendly processes, are also contributing to market growth. The adoption of methanol as an alternative fuel and energy carrier is being propelled by the need for cleaner and more sustainable energy sources. Additionally, regulatory support for low-emission fuels and the expansion of methanol production capacity in key regions are enhancing market dynamics. The growing emphasis on reducing greenhouse gas emissions and the circular economy is further driving the demand for green methanol, underscoring the robust growth prospects for the methanol market.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Formaldehyde Derivative segment, which is expected to reach 30.4 Million Metric Tons by 2030 with a CAGR of a 4.7%. The Gasoline / Fuel Derivative segment is also set to grow at 3.6% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at 20.3 Million Metric Tons in 2023, and China, forecasted to grow at an impressive 6.7% CAGR to reach 21.2 Million Metric Tons by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Methanol Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Methanol Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Methanol Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Atlantic Methanol Production Company LLC, BASF SE, Equinor ASA, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 113 Featured):

  • Atlantic Methanol Production Company LLC
  • BASF SE
  • Equinor ASA
  • HELM AG
  • Industries Qatar
  • LyondellBasell Industries NV
  • Methanex Corporation
  • Methanol Holdings (Trinidad) Limited
  • Mitsubishi Gas Chemical Company, Inc.
  • Mitsui & Co. Ltd.
  • OCI N.V.
  • PETRONAS
  • PJSC Metafrax (Russia)
  • Repsol
  • Saudi Basic Industries Corporation
  • Saudi International Petrochemical Company (Sipchem)

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Global Economic Update
  • Competition
  • Methanol - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Global Market Prospects and Outlook
  • Global Methanol Market Keeps Ticking
  • Natural Gas, Automotive & Construction: Primary Segments Keeping Methanol Market on a High
  • Formaldehyde Production: The Application for Methanol
  • MTO/MTP: The Fastest Growing End-use Segment for Methanol
  • Gasoline Blending/Combustion Biofuels - A Significant Growth Driver
  • Acetic Acid: A Key Derivative of Methanol
  • Methanol Carbonylation - The Predominant Acetic Acid Manufacturing Process
  • Automotive Remains Primary End-use Industry
  • Asia-Pacific Region Sweeps Global Methanol Market with Authoritative Stake
  • China - Methanol Demand Surges as a Domestic and Industrial Fuel
  • Market Drivers
  • Rising Applications across Diverse Industries
  • Uptake of Clean Fuels
  • Solid Demand for Methanol & Derivatives
  • Market Restraints
  • Increasing Interest in Ethanol
  • Market Opportunities
  • Market Challenges
  • Recent Market Activity
  • Production Scenario
  • Global Methanol Capacity by Region: 2022
  • Developing Regions Charge Ahead in Methanol Production
  • Select Recent Past Methanol Capacity Expansion Projects by Region /Country
  • Pricing Scenario
  • GLOBAL BRANDS
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • With World Climate Conditions in Dire Straits, the Accelerated Clean Energy Transition Opens Attractive Growth Avenues for Methanol
  • Key Climate Change Indicators
  • Against this Backdrop, Clean Energy Technologies Get a Boost
  • Rise of the Methanol Economy & Increased Production of Methanol as Liquid Fuel Alternative to Conventional Fossil Fuels
  • Chemical Intermediates Lose Share to Energy Applications
  • EXHIBIT 3:Global Energy Investments (In US$ Billion) for the Years 2022, 2025, 2027 and 2029
  • Global Delivered Energy Consumption (quadrillion Btu) by End-use Sector (2012, 2020, 2025, 2030, and 2035)
  • Increasing Demand of Methanol in Automotive
  • Methanol Fuel Cells Emerge as a Viable Solution for Carbon-Neutral Heavy Trucks
  • Methanol Gains Attention for Use as Marine fuel
  • Methanol and Ethanol: Significant Substitutes for Fuel in the Shipping Industry
  • A Green Profile Makes Methanol an Ideal Vehicle and Marine Fuel
  • Renewable Methanol Registers Increasing Application
  • Methanol for Global Decarbonization
  • Green Methanol to Help Packaging Industry Overcome Woes
  • Government Guidelines for Methanol Vehicles to Boost Demand
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Methanol Market Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Methanol by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Methanol by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Methanol by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Formaldehyde by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Formaldehyde by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Formaldehyde by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Gasoline / Fuel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Gasoline / Fuel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Gasoline / Fuel by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Methanol to Olefins (MTO / MTP) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Methanol to Olefins (MTO / MTP) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Methanol to Olefins (MTO / MTP) by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Acetic Acid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Acetic Acid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Acetic Acid by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Dimethyl Ether (DME) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Dimethyl Ether (DME) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for Dimethyl Ether (DME) by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Other Derivatives by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Other Derivatives by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for Other Derivatives by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 28: World 16-Year Perspective for Construction by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 29: World Recent Past, Current & Future Analysis for Paints & Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 30: World Historic Review for Paints & Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 31: World 16-Year Perspective for Paints & Coatings by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 32: World Recent Past, Current & Future Analysis for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 33: World Historic Review for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 34: World 16-Year Perspective for Pharmaceuticals by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 35: World Recent Past, Current & Future Analysis for Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 36: World Historic Review for Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 37: World 16-Year Perspective for Electronics by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 38: World Recent Past, Current & Future Analysis for Packaging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 39: World Historic Review for Packaging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 40: World 16-Year Perspective for Packaging by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 41: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
  • Table 42: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
  • Table 43: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Methanol Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Methanol Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Methanol Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Methanol Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Methanol Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Methanol Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Methanol Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Methanol Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Methanol Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Methanol Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Methanol Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Methanol Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Methanol Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Atlantic Methanol Production Company LLC
  • BASF SE
  • Equinor ASA
  • HELM AG
  • Industries Qatar
  • LyondellBasell Industries NV
  • Methanex Corporation
  • Methanol Holdings (Trinidad) Limited
  • Mitsubishi Gas Chemical Company, Inc.
  • Mitsui & Co. Ltd.
  • OCI N.V.
  • PETRONAS
  • PJSC Metafrax (Russia)
  • Repsol
  • Saudi Basic Industries Corporation
  • Saudi International Petrochemical Company (Sipchem)

Table Information