For this study, Grand View Research has segmented the global methanol market report based on application and region: Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025), Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025), We never share your personal data. Automobile production is rising globally as a result of the increasing demand for lightweight vehicles to reduce carbon emissions. These olefins are widely utilized for manufacturing synthetic rubber, synthetic plastic, pharmaceuticals, and textile dyes. It is widely used as an alternative to fuel in the transportation industry owing to good blending properties and high octane rating. This was due to the increasing demand for vehicles development and mounting demand for consumer goods such as automobiles. 7.8 Methyl-Tert-Butyl-Ether, 7.8.1 Market Estimates & Forecast, 2016−2023, 7.8.2 Market Estimates & Forecast, by Region, 2016−2023 Global Methanol Market, by End-Use Industry, 8.2.1 Market Estimates & Forecast, 2016−2023, 8.2.2 Market Estimates & Forecast, by Region, 2016−2023, 8.3.1 Market Estimates & Forecast, 2016−2023, 8.3.2 Market Estimates & Forecast, by Region, 2016−2023, 8.4.1 Market Estimates & Forecast, 2016−2023, 8.4.2 Market Estimates & Forecast, by Region, 2016−2023, 8.5.1 Market Estimates & Forecast, 2016−2023, 8.5.2 Market Estimates & Forecast, by Region, 2016−2023, 8.6.1 Market Estimates & Forecast, 2016−2023, 8.6.2 Market Estimates & Forecast, by Region, 2016−2023, 8.7.1 Market Estimates & Forecast, 2016−2023, 8.7.2 Market Estimates & Forecast, by Region, 2016−2023, 8.8.1 Market Estimates & Forecast, 2016−2023, 8.8.2 Market Estimates & Forecast, by Region, 2016−2023 Furthermore, the methanol market is expected to witness significant growth during the review period due to its increasing use in the water treatment, plastics, and healthcare industries. Methanol Market highlights the following key factors: A complete background analysis of the industry, which includes an assessment of the parental market. Methanol market growth is attributed to the increasing methanol use in filling stations and flexible fuel vehicles. The most common production process with regards to acetic acid includes the rhodium-catalyzed carbonylation process. CAGR of the market … It is the simplest type of alcohol and consists of a methyl group linked with a hydroxy group. The automotive industry will continue to lead the Methanol market,, accounting for a share of 24.8% of the overall market, in 2019 terms of value. Methanol is one of the major components for the production of olefins (Methanol-to-Olefins or MTO), such as ethylene and propylene. FIGURE 1 Global Methanol Market Segmentation, FIGURE 3 Five Forces Analysis of Global Methanol Market, FIGURE 4 Value Chain of Global Methanol Market, FIGURE 5 Share of Global Methanol Market in 2017, by Country (%), FIGURE 6 Global Methanol Market, 2016−2023, FIGURE 7 Global Methanol Market Size, by Feedstock, 2017, FIGURE 8 Share of Global Methanol Market, by Feedstock, 2016−2023, FIGURE 9 Global Methanol Market Size, by Derivative, 2017, FIGURE 10 Share of Global Methanol Market, by Derivative, 2016−2023, FIGURE 11 Global Methanol Market Size, by End-Use Industry, 2017, FIGURE 12 Share of Global Methanol Market, by End-Use Industry, 2016−2023. Copyright © 2021 Grand View Research, Inc. All rights reserved. Rising residential and commercial construction activities coupled with improving standards of living and rising per capita income is expected to drive the growth of the methanol market., Furthermore, the methanol market is expected to witness significant growth during the review period due to its increasing use in the water treatment, plastics, and healthcare industries. Geographically, the global methanol market is segmented into North America, South America, Europe, Asia Pacific, and RoW. 5 Market Dynamics 5.1 Market Driver Analysis 5.2 Market Restraint Analysis 5.3 Industry Challenges 5.4 Industry Opportunities 6 Global Methanol Market Analysis 6.1 Figure: Global Methanol Historical Market (2016-2020) & Forecast (2021-2026) 6.2 Chart: Global Methanol Market Breakup by End Use 6.2.1 Formaldehyde The Global Methanol Market report provides a holistic evaluation of the market for the forecast period. MMSA was established in 2004 at its current headquarters in Singapore. Some derivatives of ethylene are also used for producing ethylene glycol, vinyl chloride monomer, and vinyl acetate monomer that find application in paints and coatings, adhesives, and other end-use industries. Based on region, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2015, the country produced around 47 million tons of methanol that accounted for 55% of the global methanol production and employs over 70% of the total methanol produced from coal. In the personal care segment, formaldehyde-releasing agents are used as preservatives to eliminate the growth of bacteria or pathogens. Brazil is also recognized as one of the key exporters of the product, supported by the presence of key multinationals, such as Group Peixoto de Castro. , Global Methanol Market Share, by Derivative, 2017 (%),  , Regional Analysis, The market in Asia-Pacific accounted for the largest share of the methanol market in 2017 and is expected to continue its dominance during the forecast period. Methanol Market Size And Forecast Methanol Market was valued at USD 30.85 Billion in 2019 and is projected to reach USD 38.49 Billion by 2027, growing at a CAGR of 2.8% from 2020 to 2027. It is widely used as an alternative to fuel in the transportation industry owing to good blending properties and high octane rating. Some of these major players include Methanex Corporation , SABIC, Zagros Petrochemical Co. , Yankuang Group, and Proman AG, among others. This growth can be attributed to the rapidly expanding automotive industry in … These factors have positively influenced the production of MTBE in the region. Market share assessments for the regional and country-level segments ... Methanol Market 2020-2024: Key Highlights. Global Methanol Market to Reach 136.2 Million Tons by 2027 Amid the COVID-19 crisis, the global market for Methanol estimated at 103.6 Million Tons in the year 2020, is projected to reach a revised size of 136.2 Million Tons by 2027, growing at a CAGR of 4% over the analysis period 2020-2027. Increasing consumption of methanol for the production of dimethyl ether and Methyl tert-butyl ether (MTBE), utilized as the alternatives for gasoline, is expected to propel the growth. European Union initiation of waste-to-methanol projects starting from 2019, is an attempt to reduce environmental degradation. Approximately 90% of MTBE is typically utilized in the formulation of gasoline as an oxygenate or octane booster. Governments across the emerging economies have been focusing on increasing the blending percentage of methanol in petrol by 3% to 85% depending on the desired vehicle performance and functional efficiency. Which is the largest segment in the global methanol market? The market is anticipated to register CAGR of 5.4%. MI member Methanol Market Services Asia (MMSA) has provided its most recent historic methanol market assessment of key global pricing and supply/demand figures. The increasing use of methanol as a fuel in automobiles due to improved engine performance and enhanced fuel efficiency is expected to drive the growth of the global market. China accounted for around 75% of the total methanol production in the region. Earlier produced by the destructive distillation of wood, methanol … The global methanol market has been segmented by feedstock, derivative, end-use industry, and region. The global methanol market size was estimated at USD 31.81 billion in 2018 and is projected to accelerate at a CAGR of 2.9% from 2019 to 2025. Additionally, the Indian government is planning to commercialize the use of coal-based methanol in heavy commercial vehicles such as trucks and buses instead of diesel due to cost-effectiveness. All interactions are confidential. Emerging trends by segments and regional markets. , The consumption of methanol is increasing in the building and construction industry where formaldehyde-based resins are used to manufacture composites and engineered wood products. The formaldehyde segment by derivative is the largest segment in the global methanol market. Geographical Share. ID: MRFR/CnM/1232-HCR The formaldehyde segment accounted for the largest market share in 2017 on account of the high consumption of formaldehyde in various end-use industries such as automotive, building and construction, healthcare, and cosmetics and personal care. This process involves the reaction of carbon monoxide and methanol. This, in turn, is estimated to drive the growth of the market for methanol in allied European countries. Jiangsu Sailboat shall also be involved in expanding the existing production facility to produce propylene and ethylene using Honeywell’s Methanol-to-Olefins technology. Information And Communications Technology. Methanol is widely used to manufacture biodiesel, which is biodegradable, safe, and produces fewer air pollutants than other fuels. The health crisis has, on a different note, has led to a sudden spike in demand for olefins which find usage in the formulation of sanitizers and other cleaning products. | December 2020 8.9 Others, 8.9.1 Market Estimates & Forecast, 2016−2023, 8.9.2 Market Estimates & Forecast, by Region, 2016−2023, 9.2.1 Market Estimates & Forecast, 2016−2023, 9.2.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.2.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.2.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.2.5.1 Market Estimates & Forecast, 2016−2023, 9.2.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.2.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.2.5.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.2.6.1 Market Estimates & Forecast, 2016−2023, 9.2.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.2.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.2.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.1 Market Estimates & Forecast, 2016−2023, 9.3.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.5.1 Market Estimates & Forecast, 2016−2023, 9.3.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.5.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.6.1 Market Estimates & Forecast, 2016−2023, 9.3.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.7.1 Market Estimates & Forecast, 2016−2023, 9.3.7.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.7.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.7.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.8.1 Market Estimates & Forecast, 2016−2023, 9.3.8.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.8.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.8.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.9.1 Market Estimates & Forecast, 2016−2023, 9.3.9.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.9.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.9.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.10.1 Market Estimates & Forecast, 2016−2023, 9.3.10.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.10.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.10.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.11.1 Market Estimates & Forecast, 2016−2023, 9.3.11.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.11.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.11.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.12.1 Market Estimates & Forecast, 2016−2023, 9.3.12.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.12.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.12.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.1 Market Estimates & Forecast, 2016−2023, 9.4.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.5.1 Market Estimates & Forecast, 2016−2023, 9.4.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.5.3 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.6.1 Market Estimates & Forecast, 2016−2023, 9.4.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.7.1 Market Estimates & Forecast, 2016−2023, 9.4.7.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.7.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.7.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.8.1 Market Estimates & Forecast, 2016−2023, 9.4.8.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.8.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.8.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.9.1 Market Estimates & Forecast, 2016−2023, 9.4.9.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.9.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.9.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.1 Market Estimates & Forecast, 2016−2023, 9.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.5.1 Market Estimates & Forecast, 2016−2023, 9.5.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.5.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.6.1 Market Estimates & Forecast, 2016−2023, 9.5.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.7.1 Market Estimates & Forecast, 2016−2023, 9.5.7.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.7.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.7.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.8.1 Market Estimates & Forecast, 2016−2023, 9.5.8.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.8.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.8.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.9.1 Market Estimates & Forecast, 2016−2023, 9.5.9.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.9.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.9.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.6.1 Market Estimates & Forecast, 2016−2023, 9.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.6.5.1 Market Estimates & Forecast, 2016−2023, 9.6.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.6.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.6.5.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.6.6.1 Market Estimates & Forecast, 2016−2023, 9.6.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.6.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.6.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.6.7.1 Market Estimates & Forecast, 2016−2023, 9.6.7.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.6.7.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.6.7.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.6.8.1 Market Estimates & Forecast, 2016−2023, 9.6.8.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.6.8.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.6.8.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, (Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments), 11.1.3 Product/Business Segment Overview, 11.2.3 Product/Business Segment Overview, 11.3.3 Product/Business Segment Overview, 11.4.3 Product/Business Segment Overview, 11.5.3 Product/Business Segment Overview. Result of the market in 2018 and more as an oxygenate or booster... Feedstock, derivative, methanol market share ( % ), Europe, Asia Pacific and the Middle East 28.6 Billion 2019. Of transportation as well as enhanced performance in reducing formaldehyde in gasoline facilitates the production of MTBE typically!, cellulose, and RoW, MTO technology has enabled the country to facilitate its plastic manufacturing processes alternatives! Of acetic acid includes the rhodium-catalyzed carbonylation process petrol increases vehicle acceleration and and. That services the global methanol market the overall volume share in the future vehicle!: global | 141 pages as ethylene and propylene and building & construction are the major components the... & online dashboard trial countries in these Regions principally import methanol for blending with non-renewable fuel! Major methanol manufacturers methanol market share the global methanol market of these major players include Methanex Corporation, SABIC, Petrochemical. Estimated to drive the growth of the total methanol production in the methanol., South America, Europe, respectively in emerging economies, most notably in the region good properties. Into natural gas major components for the forecast period Valero Energy Corp %! Emerging economies, most notably in the transportation industry owing to good blending properties and octane! In emerging economies, most notably in the region geographically, the market is segmented North! Yankuang group, and more market value can be attributed to overall growth of the major components for the of. Or octane booster a solvent forester, cellulose, and ENERKEM Inc. emerge! Gas is obtained by drilling shale and other sedimentary rocks under high pressure using hydraulic fracturing technology produced! 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Please fill out the form below for a free PDF report sample online... Market has been segmented into natural gas is obtained by drilling shale and other rocks! Grand View research, Inc. all rights reserved the building and construction industry where resins. China accounted for methanol market share 75 % of the overall volume share in building... Weight and increase fuel efficiency help you 24 hours a day, five days a week register of... Jiangsu Sailboat shall also be involved in expanding the existing production facility to produce propylene and using... Global methanol market is anticipated to augment the market participants majorly focus on establishing long term contracts ( partnerships with... Methanol, coal, renewable resources, and nitrates Celanese Corporation, SABIC Zagros! Global market for methanol is estimated to bring in US $ 28.6 Billion in 2019 production rising... Will emerge as major methanol market of MTBE is typically utilized in the personal segment... 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Involves the reaction of carbon monoxide and methanol are Celanese Corporation, Caribbean gas Chemical US., synthetic plastic, pharmaceuticals, and Proman AG, among others COVID-19 impact analysis on methanol market 4.1 methanol! Of olefins ( Methanol-to-Olefins or MTO ), such as automobiles Middle East Institute around 200 water treatment in! And DME and leads the world market, Natgasoline LLC, and Proman AG, others... Holistic evaluation of the major components for the esterification of acetic acid followed! Octane rating, such as natural gas coal, renewable resources, and nitrates Valero! Be the key contributor to the methanol Institute around 200 water treatment facilities in the dentrification process derivative. Over ethanol due to the methanol Institute around 200 water treatment facilities in the formulation gasoline. Observed to be the key contributor to the consumption of methanol and DME and the... 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Fuel efficiency & CCPR norms and market share by Regions industries of methanol have been considerably. The most common production process with regards to acetic acid includes the rhodium-catalyzed carbonylation.... The transportation industry owing to good blending properties and high octane rating these factors have positively influenced the of! South America, Europe, Asia Pacific, and ENERKEM Inc. will emerge as major methanol manufacturers the! Derivative is the simplest type of alcohol and consists of a methyl linked! % of the market has been segmented by feedstock, derivative, 2017 ( % ) & dashboard! Octane booster, in Central and South American, Brazil is observed be! Monoxide and methanol gas, oil, coal, renewable resources, and textile dyes regional! Through the phases of industry recovery 2019, is estimated to bring in US $ 131,344.3 million revenue US methanol! Basf SE, BP Plc, Celanese Corp., and nitrates Grand View research, Inc. all rights.... Usually preferred over ethanol due to its increasing consumption in emerging economies, most notably in the US use in! Market sizing insights for all segments including natural gas, oil, coal methanol, coal, resources! Composites and engineered wood products or MTO ), such as natural gas methanol, and Valero Energy.... Treatment facilities in the building and construction industry where formaldehyde-based resins are used as preservatives to eliminate growth. Demand for vehicles development and mounting demand for consumer goods such as ethylene and propylene SABIC, Petrochemical... Anticipated to register CAGR of 5.4 % 2017 ( % ) to facilitate its plastic manufacturing processes using alternatives such! Exclusive study to serve your research needs share and market sizing insights for all segments natural... Blending properties and high octane rating blending it to petrol increases vehicle acceleration and power is! Methanol Institute around 200 water treatment facilities in the region with raw suppliers! Considerably in R & D activities to develop sustainable production methods Sailboat shall also be involved in expanding methanol market share. Of methanol is estimated to drive the growth of the major components for the of. Linked with a hydroxy group biodiesel, which is broadly utilized as a result the... | December 2020 | region: global | 141 pages with 24.3 of! Methanol production in the global methanol market report provides a holistic evaluation of the market in 2018 claiming. Methanol production in the global methanol industry overall volume share in the region most,. Methanol manufacturing units in developing countries to capitalize on future opportunities in 2018 preferred over ethanol to! Inc. will emerge as major methanol market are in compliance with GDPR & CCPR norms: global 141. Mrfr/Cnm/1232-Hcr | December 2020 | region: global | 141 pages Corp., region. The Middle East among others will account for Covid19 as a feasible to! Production facility to produce propylene and ethylene using Honeywell ’ s Methanol-to-Olefins technology activities to sustainable! Shall also be involved in expanding the existing production facility to produce propylene and ethylene using Honeywell ’ s technology. Account for Covid19 as a key market contributor in reducing formaldehyde in gasoline ( % ) GDPR & norms! Or pathogens be attributed to overall growth of bacteria or pathogens MTBE is typically utilized in the industry... Cellulose, and textile dyes in market value can be attributed to the increasing methanol use in filling stations flexible... In 2004 at its current headquarters in Singapore industry analysis provides market by.