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Methanol Market Report and Forecast 2023-2028

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    Report

  • 183 Pages
  • September 2023
  • Region: Global
  • Expert Market Research
  • ID: 5878851
According to the report, the global methanol market reached a volume of approximately 84.7 MMT in 2022. Aided by the augmented demand for clean energy sources and its diverse applications across myriad industries, the market is projected to further grow at a CAGR of 3.9% between 2023 and 2028 to reach a volume of 105.7 MMT by 2028.

Methanol, often referred to as wood alcohol, is a versatile liquid chemical used primarily as an industrial solvent, antifreeze in radiators, fuel, and denaturant for ethanol. Its flammable, biodegradable, and colourless nature combined with its application as a potential alternative fuel source is bolstering the global methanol market growth. Besides, the chemical’s potential in producing other chemicals such as formaldehyde, acetic acid, and a variety of other chemicals signifies its integral role in industrial production.

The heightened global emphasis on sustainable and cleaner energy solutions has carved a substantial demand for methanol. As nations ardently push for reduced carbon emissions, methanol emerges as a cleaner alternative for traditional fuels in various applications. Methanol-based fuel cells in automotive applications are gaining traction, given their efficiency and reduced environmental footprint.

Furthermore, the vast landscape of methanol's applications is staggering. In the plastics industry, it's a primary feedstock for producing olefins, which subsequently lead to the production of polymers used in plastics, textiles, and packaging. The construction sector, with its insatiable demand for adhesives, sealants, and insulating materials, invariably leans on methanol-derived products. Additionally, the pharmaceutical industry taps into methanol’s potential as a solvent, exemplifying its diverse usability.

Another factor boosting the methanol market size is its role in biodiesel production. With biofuels gaining prominence as a sustainable energy alternative, methanol's use as a transesterification agent in biodiesel production has surged.

In essence, the global methanol market, riding on its multifaceted applications and its potential as an alternative fuel, stands on the cusp of significant growth. As industries pivot towards sustainable practices, and as research and development intensifies in green technologies, methanol's role becomes ever more pivotal, promising a vibrant methanol market outlook in the years to come.

Market Segmentation

The market can be divided based on application and region.

Market Breakup by Application

  • Formaldehyde
  • Methanol to Olefins (MTO)
  • Fuel Applications
  • Methyl Tert-Butyl Ether (MTBE)
  • Acetic Acid
  • Methyl Methacrylate (MMA)
  • Methylamines
  • Others

Market Breakup by Region

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

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global methanol market. Some of the major players explored in the report are as follows:
  • Methanex Corporation
  • Zagros Petrochemical Company
  • Mitsubishi Gas Chemical Company, Inc.
  • Celanese Corporation
  • PROMAN
  • SABIC
  • OCI NV
  • LyondellBasell Industries N.V.
  • Yankuang Group Co., Ltd
  • BASF SE
  • Eastman Chemical Company
  • China National Petroleum Corporation (CNPC)
  • PETRONAS Chemicals Group Berhad
  • Gujarat Narmada Valley Fertilizers & Chemicals Limited
  • Others

About the Publisher

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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Methanol Market Analysis
8.1 Key Industry Highlights
8.2 Global Methanol Historical Market (2018-2022)
8.3 Global Methanol Market Forecast (2023-2028)
8.4 Global Methanol Market by Application
8.4.1 Formaldehyde
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Methanol to Olefins (MTO)
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Fuel Applications
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Methyl Tert-Butyl Ether (MTBE)
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Acetic Acid
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Methyl Methacrylate (MMA)
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2022)
8.4.6.3 Forecast Trend (2023-2028)
8.4.7 Methylamines
8.4.7.1 Market Share
8.4.7.2 Historical Trend (2018-2022)
8.4.7.3 Forecast Trend (2023-2028)
8.4.8 Others
8.5 Global Methanol Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code: 290511)
12.1 Major Exporting Countries:
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
14 Global Methanol Feedstock Market Analysis
14.1 Global Coal Market Analysis
14.1.1 Key Industry Highlights
14.1.2 Global Coal Historical Market (2018-2022)
14.1.3 Global Coal Market Forecast (2023-2028)
14.1.4 Global Coal Market by End Use
14.1.4.1 Electricity
14.1.4.1.1 Market Share
14.1.4.1.2 Historical Trend (2018-2022)
14.1.4.1.3 Forecast Trend (2023-2028)
14.1.4.2 Steel
14.1.4.2.1 Market Share
14.1.4.2.2 Historical Trend (2018-2022)
14.1.4.2.3 Forecast Trend (2023-2028)
14.1.4.3 Cement
14.1.4.3.1 Market Share
14.1.4.3.2 Historical Trend (2018-2022)
14.1.4.3.3 Forecast Trend (2023-2028)
14.1.4.4 Others
14.1.5 Global Coal Market by Region
14.1.5.1 Market Share
14.1.5.1.1 North America
14.1.5.1.2 Europe
14.1.5.1.3 Asia Pacific
14.1.5.1.4 Latin America
14.1.5.1.5 Middle East and Africa
14.1.6 Trade Data Analysis (HS Code - 2701)
14.1.6.1 Major Exporting Countries
14.1.6.1.1 By Value
14.1.6.1.2 By Volume
14.1.6.2 Major Importing Countries
14.1.6.2.1 By Value
14.1.6.2.2 By Volume
14.2 Global Natural Gas Market Analysis
14.2.1 Key Industry Highlights
14.2.2 Global Natural Gas Historical Market (2018-2022)
14.2.3 Global Natural Gas Market Forecast (2023-2028)
14.2.4 Global Natural Gas Market by End Use
14.2.4.1 Electricity
14.2.4.1.1 Market Share
14.2.4.1.2 Historical Trend (2018-2022)
14.2.4.1.3 Forecast Trend (2023-2028)
14.2.4.2 Industrial
14.2.4.2.1 Market Share
14.2.4.2.2 Historical Trend (2018-2022)
14.2.4.2.3 Forecast Trend (2023-2028)
14.2.4.3 Transportation
14.2.4.3.1 Market Share
14.2.4.3.2 Historical Trend (2018-2022)
14.2.4.3.3 Forecast Trend (2023-2028)
14.2.4.4 Others
14.2.5 Global Natural Gas Market by Region
14.2.5.1 Market Share
14.2.5.1.1 North America
14.2.5.1.2 Europe
14.2.5.1.3 Asia Pacific
14.2.5.1.4 Latin America
14.2.5.1.5 Middle East and Africa
14.2.6 Trade Data Analysis (HS Code - 271121)
14.2.6.1 Major Exporting Countries
14.2.6.1.1 By Value
14.2.6.1.2 By Volume
14.2.6.2 Major Importing Countries
14.2.6.2.1 By Value
14.2.6.2.2 By Volume
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Methanex Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Zagros Petrochemical Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Mitsubishi Gas Chemical Company, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Celanese Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 PROMAN
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 SABIC
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 OCI NV
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 LyondellBasell Industries N.V.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Yankuang Group Co., Ltd
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 BASF SE
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Eastman Chemical Company
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 China National Petroleum Corporation (CNPC)
15.2.12.1 Company Overview
15.2.12.2 Product Portfolio
15.2.12.3 Demographic Reach and Achievements
15.2.12.4 Certifications
15.2.13 PETRONAS Chemicals Group Berhad
15.2.13.1 Company Overview
15.2.13.2 Product Portfolio
15.2.13.3 Demographic Reach and Achievements
15.2.13.4 Certifications
15.2.14 Gujarat Narmada Valley Fertilizers & Chemicals Limited
15.2.14.1 Company Overview
15.2.14.2 Product Portfolio
15.2.14.3 Demographic Reach and Achievements
15.2.14.4 Certifications
15.2.15 Others
16 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Methanol Market: Key Industry Highlights, 2018 and 2028
2. Global Methanol Historical Market: Breakup by End Use (Million Tons), 2018-2022
3. Global Methanol Market Forecast: Breakup by End Use (Million Tons), 2023-2028
4. Global Methanol Historical Market: Breakup by Region (Million Tons), 2018-2022
5. Global Methanol Market Forecast: Breakup by Region (Million Tons), 2023-2028
6. North America Methanol Historical Market: Breakup by Country (Million Tons), 2018-2022
7. North America Methanol Market Forecast: Breakup by Country (Million Tons), 2023-2028
8. Europe Methanol Historical Market: Breakup by Country (Million Tons), 2018-2022
9. Europe Methanol Market Forecast: Breakup by Country (Million Tons), 2023-2028
10. Asia Pacific Methanol Historical Market: Breakup by Country (Million Tons), 2018-2022
11. Asia Pacific Methanol Market Forecast: Breakup by Country (Million Tons), 2023-2028
12. Latin America Methanol Historical Market: Breakup by Country (Million Tons), 2018-2022
13. Latin America Methanol Market Forecast: Breakup by Country (Million Tons), 2023-2028
14. Middle East and Africa Methanol Historical Market: Breakup by Country (Million Tons), 2018-2022
15. Middle East and Africa Methanol Market Forecast: Breakup by Country (Million Tons), 2023-2028
16. Major Methanol Exporting Countries by Value
17. Major Methanol Importing Countries by Value
18. Major Methanol Exporting Countries by Volume
19. Major Methanol Importing Countries by Volume
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Coal Market: Key Industry Highlights, 2018 and 2028
26. Global Coal Historical Market: Breakup by End Use (Million Tons), 2018-2022
27. Global Coal Market Forecast: Breakup by End Use (Million Tons), 2023-2028
28. Global Coal Historical Market: Breakup by Region (Million Tons), 2018-2022
29. Global Coal Market Forecast: Breakup by Region (Million Tons), 2023-2028
30. Major Coal Exporting Countries by Value
31. Major Coal Importing Countries by Value
32. Major Coal Exporting Countries by Volume
33. Major Coal Importing Countries by Volume
34. Global Natural Gas Market: Key Industry Highlights, 2018 and 2028
35. Global Natural Gas Historical Market: Breakup by End Use (Million Tons), 2018-2022
36. Global Natural Gas Market Forecast: Breakup by End Use (Million Tons), 2023-2028
37. Global Natural Gas Historical Market: Breakup by Region (Million Tons), 2018-2022
38. Global Natural Gas Market Forecast: Breakup by Region (Million Tons), 2023-2028
39. Major Natural Gas Exporting Countries by Value
40. Major Natural Gas Importing Countries by Value
41. Major Natural Gas Exporting Countries by Volume
42. Major Natural Gas Importing Countries by Volume
43. Global Methanol Market Structure

Companies Mentioned

  • Methanex Corporation
  • Zagros Petrochemical Company
  • Mitsubishi Gas Chemical Company Inc.
  • Celanese Corporation
  • PROMAN
  • SABIC
  • OCI NV
  • LyondellBasell Industries N.V., Yankuang Group Co. Ltd
  • BASF SE
  • Eastman Chemical Company
  • China National Petroleum Corporation (CNPC)
  • PETRONAS Chemicals Group Berhad
  • Gujarat Narmada Valley Fertilizers & Chemicals Limited

Methodology

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