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Methanol Market Size, Share & Trends Analysis Report by Application (Formaldehyde, Acetic Acid, MTBE, DME), Region (North America, Europe, Asia-Pacific), and Segment Forecasts, 2024-2030

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    Report

  • 89 Pages
  • May 2024
  • Region: Global
  • Grand View Research
  • ID: 5976531
The global methanol market size is anticipated to reach USD 64.14 billion by 2030 and is expected to expand at a CAGR of 8.9% during the forecast period. Exceptional blending capacity and high-octane rating of the product are the key factors driving the consumption of methanol as fuel.

Methanol, also referred to as methyl alcohol or wood alcohol, is a clear and volatile liquid that is flammable and has a scent similar to that of ethanol or drinking alcohol. It is one of the most commonly used industrial chemicals. It serves as a precursor in the production of various other chemicals, such as formaldehyde, acetic acid, Methyl Tert-Butyl Ether (MTBE), Dimethyl Ether (DME), biodiesels, olefins, and more.

Increasing demand for acetic acid, formaldehyde, and DME are the key drivers for the methanol industry’s growth in Asia Pacific. In addition, the product's supply and demand across Asia Pacific are projected to be stable during the forecast period, with the ongoing Russia-Ukraine war.

A few methanol manufacturers are integrated into the value chain as they manufacture and distribute methanol through various sales channels to different end-use industries in different regions of the world. Some manufacturers of methanol involved in its distribution are BASF SE, Methanex Corporation, and Saudi Arabia Basic Industries Corporation (SABIC).

Using methanol-to-olefin (MTO) catalysts has significantly improved olefin production from methanol or coal feedstocks as an alternative approach to the naphtha cracking process. Increased olefin yields have been the primary driver of the global demand for MTO.

Methanol Market Report Highlights

  • Formaldehyde dominated the market and held the highest revenue market share in 2023. This growth is attributed to the increase in the construction sector in developing economies such as Central and South America and Asia-Pacific. This is expected to lead to a rise in demand for formaldehyde from methanol
  • Asia Pacific emerged as the largest market share with a market share of 51.0% in the global methanol market and is anticipated to grow at a high CAGR of 9.2%. This is due to emerging economies like India, China, and others, as well as the increasing demand for acetic acid, formaldehyde, and DME, which are considered the key drivers of the industry across the Asia Pacific.
  • In January 2023, Zagros Petrochemical Company and China's Dalian Petrochemical Company agreed to establish Iran's first methanol-to-synthetic ethanol conversion plant with a capacity of 300,000 tons. The first 300,000-ton plant for converting methanol to synthetic ethanol will be operational within 36 months

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Methanol Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Global Petrochemical Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Trends
3.2.2. Manufacturing/Product Trends
3.2.3. Sales Channel Analysis
3.2.4. Application Trends
3.3. Price Trend Analysis
3.3.1. Factors Influencing Prices
3.4. Regulatory Framework, (Standards, Compliance, Approvals, and Policies)
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Industry Analysis Tools
3.6.1. Porter’s Five Forces Analysis
3.6.2. Macro-environmental Analysis
Chapter 4. Methanol Market: Application Estimates & Trend Analysis
4.1. Application Movement Analysis & Market Share, 2023 & 2030
4.2. Methanol Market Estimates & Forecast, by Application, 2018 to 2030 (Kilotons) (USD Million)
4.3. Formaldehyde
4.3.1. Methanol Market Estimates and Forecasts, 2018-2030 (Kilotons) (USD Million)
4.4. Gasoline
4.4.1. Methanol Market Estimates and Forecasts, 2018-2030 (Kilotons) (USD Million)
4.5. Acetic Acid
4.5.1. Methanol Market Estimates and Forecasts, 2018-2030 (Kilotons) (USD Million)
4.6. MTBE
4.6.1. Methanol Market Estimates and Forecasts, 2018-2030 (Kilotons) (USD Million)
4.7. Dimethyl Ether
4.7.1. Methanol Market Estimates and Forecasts, 2018-2030 (Kilotons) (USD Million)
4.8. MTO/MTP
4.8.1. Methanol Market Estimates and Forecasts, 2018-2030 (Kilotons) (USD Million)
4.9. Biodiesel
4.9.1. Methanol Market Estimates and Forecasts, 2018-2030 (Kilotons) (USD Million)
4.10. Others
4.10.1. Methanol Market Estimates and Forecasts, 2018-2030 (Kilotons) (USD Million)
Chapter 5. Methanol Market: Regional Estimates & Trend Analysis
5.1. Regional Movement Analysis & Market Share, 2023 & 2030
5.2. North America
5.2.1. North America Methanol Estimates & Forecast, 2018-2030 (Kilotons) (USD Million)
5.2.2. U.S.
5.2.2.1. Key Country Dynamics
5.2.2.2. U.S. Methanol Market Estimates & Forecast, 2018-2030 (Kilotons) (USD Million)
5.3. Europe
5.3.1. Europe Methanol Estimates & Forecast, 2018-2030 (Kilotons) (USD Million)
5.3.2. Germany
5.3.2.1. Key Country Dynamics
5.3.2.2. Germany Methanol Market Estimates & Forecast, 2018-2030 (Kilotons) (USD Million)
5.4. Asia-Pacific
5.4.1. Asia-Pacific Methanol Estimates & Forecast, 2018-2030 (Kilotons) (USD Million)
5.4.2. China
5.4.2.1. Key Country Dynamics
5.4.2.2. China Methanol Market Estimates & Forecast, 2018-2030 (Kilotons) (USD Million)
5.4.3. India
5.4.3.1. Key Country Dynamics
5.4.3.2. India Methanol Market Estimates & Forecast, 2018-2030 (Kilotons) (USD Million)
5.4.4. Japan
5.4.4.1. Key Country Dynamics
5.4.4.2. Japan Methanol Market Estimates & Forecast, 2018-2030 (Kilotons) (USD Million)
5.5. Central & South America
5.5.1. Central & South America Methanol Market Estimates & Forecast, 2018-2030 (Kilotons) (USD Million)
5.6. Middle East & Africa
5.6.1. Middles East & Africa Methanol Market Estimates & Forecast, 2018-2030 (Kilotons) (USD Million)
Chapter 6. Methanol Market - Competitive Landscape
6.1. Recent Developments & Impact Analysis, by Key Market Participants
6.2. Strategy Framework
6.3. Company Categorization
6.4. Company Market Share Analysis, 2023
6.5. Company Market Positioning Analysis, 2023
6.6. Production Capacities, 2023
6.7. Strategy Mapping
6.8. Company Profiles
6.8.1. BASF SE
6.8.1.1. Participant’s Overview
6.8.1.2. Financial Performance
6.8.1.3. Product Benchmarking
6.8.2. Mitsui & Co. Ltd.
6.8.2.1. Participant’s Overview
6.8.2.2. Financial Performance
6.8.2.3. Product Benchmarking
6.8.3. Celanese Corporation
6.8.3.1. Participant’s Overview
6.8.3.2. Financial Performance
6.8.3.3. Product Benchmarking
6.8.4. Petroliam Nasional Berhad (PETRONAS)
6.8.4.1. Participant’s Overview
6.8.4.2. Financial Performance
6.8.4.3. Product Benchmarking
6.8.5. SABIC
6.8.5.1. Participant’s Overview
6.8.5.2. Financial Performance
6.8.5.3. Product Benchmarking
6.8.6. Methanex Corporation
6.8.6.1. Participant’s Overview
6.8.6.2. Financial Performance
6.8.6.3. Product Benchmarking
6.8.7. Mitsubishi Gas Chemical Co., Inc.
6.8.7.1. Participant’s Overview
6.8.7.2. Financial Performance
6.8.7.3. Product Benchmarking
6.8.8. QAFAC (Qatar Fuel Additives Company Limited)
6.8.8.1. Participant’s Overview
6.8.8.2. Financial Performance
6.8.8.3. Product Benchmarking
6.8.9. Zagros Petrochemical Company
6.8.9.1. Participant’s Overview
6.8.9.2. Financial Performance
6.8.9.3. Product Benchmarking
List of Tables
Table 1 List of Potential End-Users
Table 2 Regulatory Framework, by Regions
Table 3 List of Raw Material Suppliers
Table 4 U.S. Macroeconomic Outlay
Table 5 Germany Macroeconomic Outlay
Table 6 China Macroeconomic Outlay
Table 7 India Macroeconomic Outlay
Table 8 Japan Macroeconomic Outlay
Table 9 Participant's Overview
Table 10 Financial Performance
Table 11 Product Benchmarking
Table 12 Company Heat Map Analysis
Table 13 Key Strategy Mapping
List of Figures
Figure 1 Methanol Market Segmentation
Figure 2 Information Procurement
Figure 3 Data Analysis Models
Figure 4 Market Production and Validation
Figure 5 Data Validating & Publishing
Figure 6 Methanol Market Snapshot
Figure 7 Methanol Market Segmental Outlook, 2023 (Kilotons) (USD Million)
Figure 8 Methanol Market: Competitive Insights
Figure 9 Global Methanol Market, 2023 (Kilotons) (USD Million)
Figure 10 Global Methanol Market Value Chain Analysis
Figure 11 Methanol Market Dynamics
Figure 12 Methanol Market: Porter's Analysis
Figure 13 Methanol Market: Pestel Analysis
Figure 14 Methanol Market Analysis & Segment Forecast, by Application, 2018-2030 (Kilotons) (USD Million)
Figure 15 Methanol Market Analysis & Segment Forecast, 2018-2030 (Kilotons) (USD Million)
Figure 16 Methanol Market Analysis & Segment Forecast, in Formaldehyde, 2018-2030 (Kilotons) (USD Million)
Figure 17 Methanol Market Analysis & Segment Forecast, in Gasoline, 2018-2030 (Kilotons) (USD Million)
Figure 18 Methanol Market Analysis & Segment Forecast, in Acetic Acid, 2018-2030 (Kilotons) (USD Million)
Figure 19 Methanol Market Analysis & Segment Forecast, in MTBE, 2018-2030 (Kilotons) (USD Million)
Figure 20 Methanol Market Analysis & Segment Forecast, in Dimethyl Ether, 2018-2030 (Kilotons) (USD Million)
Figure 21 Methanol Market Analysis & Segment Forecast, in MTO/MTP, 2018-2030 (Kilotons) (USD Million)
Figure 22 Methanol Market Analysis & Segment Forecast, in Biodiesel, 2018-2030 (Kilotons) (USD Million)
Figure 23 Methanol Market Analysis & Segment Forecast, in Others, 2018-2030 (Kilotons) (USD Million)
Figure 24 Methanol Market, by Region, 2023 & 2030 (%)
Figure 25 North America Methanol Market Analysis & Segment Forecast, 2018-2030 (Kilotons) (USD Million)
Figure 26 U.S. Methanol Market Analysis & Segment Forecast, 2018-2030 (Kilotons) (USD Million)
Figure 27 Europe Methanol Market Analysis & Segment Forecast, 2018-2030 (Kilotons) (USD Million)
Figure 28 Germany Methanol Market Analysis & Segment Forecast, 2018-2030 (Kilotons) (USD Million)
Figure 29 Asia-Pacific Methanol Market Analysis & Segment Forecast, 2018-2030 (Kilotons) (USD Million)
Figure 30 China Methanol Market Analysis & Segment Forecast, 2018-2030 (Kilotons) (USD Million)
Figure 31 India Methanol Market Analysis & Segment Forecast, 2018-2030 (Kilotons) (USD Million)
Figure 32 Japan Methanol Market Analysis & Segment Forecast, 2018-2030 (Kilotons) (USD Million)
Figure 33 Central & South America Methanol Market Analysis & Segment Forecast, 2018-2030 (Kilotons) (USD Million)
Figure 34 Middle East & Africa Methanol Market Analysis & Segment Forecast, 2018-2030 (Kilotons) (USD Million)
Figure 35 Methanol Market: Company Categorization
Figure 36 Methanol Market: Company Market Share Analysis
Figure 37 Methanol Market: Company Market Positioning Analysis
Figure 38 Methanol Market: Strategy Mapping

Companies Mentioned

  • BASF SE
  • Mitsui & Co. Ltd.
  • Celanese Corporation
  • Petroliam Nasional Berhad (PETRONAS)
  • SABIC
  • Methanex Corporation
  • Mitsubishi Gas Chemical Co., Inc.
  • QAFAC (Qatar Fuel Additives Company Limited)
  • Zagros Petrochemical Company

Methodology

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Table Information