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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Methanol Market size was valued at US$ 37,364.3 million in 2023, at a CAGR of 6.7% from 2024 to 2030. Methanol, also called methyl alcohol, wood alcohol, or wood spirit, is the most basic participant of the chemical molecules family of alcohol. Methanol is now formed by combining hydrogen with carbon monoxide gas directly in the occurrence of a catalyst. Conventionally, it was prepared by violently distilling wood. Methanol is a colorless, volatile, light, and flammable liquid with a particular smell like that of ethyl alcohol or ethanol. Due to its poisonousness, this chemical is frequently combined with ethyl alcohol to manufacture denatured alcohol, which is utilized for industrial applications.
The global market provides a detailed overview that can be segmented by chemical type and by end-user. By chemical type, the Methanol market growth has been segmented into Formaldehyde, Dimethyl ether, Gasoline, Chloromethane, MTBE/TAME, Acetic acid, and Others. The MTBE/TAME segment is likely to be the significant growing segment in terms of chemical type. Based on End users, the Methanol market is segmented into Bacterial end users, Automotive, Construction, Electronics, Paints & Coatings, Pharmaceuticals, and Others.
Among these, the Construction end-user segment is expected to have the fastest-growing market during the forecast period 2022-2028. This rise in this segment is due to the diversity of products produced using methanol, such as plywood subfloors, adhesives, foams, and plastics. These goods have extensive applications in the construction business, and their increasing demand is anticipated to raise consumption. The automotive sector is likely to list significant growth during the forecast period due to the increasing usage of methanol and plastics blended fuels.
Study Period
2024-2030Base Year
2023CAGR
6.7%Largest Market
Asia PacificFastest Growing Market
North America
The enhanced engine performance and improved fuel efficiency are anticipated to propel the market growth over the forecast years. Moreover, the growing demand for lightweight automobiles to decrease carbon emissions and growing usage in the water treatment, healthcare, and plastics industries are burgeoning the market growth over the forecast years.
Global methanol market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among all the regions, Asia Pacific contributed the larger revenue share in 2018, and the market is expected to grow at prominent growth rate over the forecast years owing to increase in number of end user industries, expansion of petrochemical industry in APAC countries, and surge in the adoption of methanol based fuel in the region. Europe methanol market projected to grow at significant rate owing to rapid industrialization, expansion of automotive industries in Germany, France, and UK, and technological advancements in manufacturing process are propel the market in the future year
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 37,364.3 million |
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Market CAGR |
6.7% |
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By Application |
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By End User |
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By Region |
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The methanol market size was valued at US$ 37,364.3 million in 2023
The methanol market key players are: BASF SE Zagros Petrochemical Company Mitsui & Co., Ltd Petroliam Nasional Berhad Celanese Corporation Valero Marketing & Supply Company Saudi Arabia Basic Industries Corporation Methanex Corporation Qatar Fuel Additives Company Limited Petronas LyondellBasell OCI NV Methanol Holdings (Trinidad) Ltd Fairway Methanol LLC Atlantic Methanol
The methanol market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Methanol Market Introduction |
| 2.1.Global Methanol Market - Taxonomy |
| 2.2.Global Methanol Market - Definitions |
| 2.2.1.Application |
| 2.2.2.End Users |
| 2.2.3.Geography |
| 2.2.4.Region |
| 3. Global Methanol Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Methanol Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Methanol Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Formaldehyde |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Dimethyl ether |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Gasoline |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Chloromethane |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. MTBE/TAME |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Acetic acid |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Others |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 6. Global Methanol Market By End Users, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Automotive |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Construction |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Electronics |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Paints & Coatings |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Pharmaceuticals |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Methanol Market By Geography, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa (MEA) |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. Global Methanol Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Methanol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Formaldehyde |
| 9.1.2.Dimethyl ether |
| 9.1.3.Gasoline |
| 9.1.4.Chloromethane |
| 9.1.5.MTBE/TAME |
| 9.1.6.Acetic acid |
| 9.1.7.Others |
| 9.2. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Automotive |
| 9.2.2.Construction |
| 9.2.3.Electronics |
| 9.2.4.Paints & Coatings |
| 9.2.5.Pharmaceuticals |
| 9.2.6.Others |
| 9.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.North America |
| 9.3.2.Europe |
| 9.3.3.Asia-Pacific |
| 9.3.4.Latin America |
| 9.3.5.Middle East and Africa (MEA) |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe Methanol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Formaldehyde |
| 10.1.2.Dimethyl ether |
| 10.1.3.Gasoline |
| 10.1.4.Chloromethane |
| 10.1.5.MTBE/TAME |
| 10.1.6.Acetic acid |
| 10.1.7.Others |
| 10.2. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Automotive |
| 10.2.2.Construction |
| 10.2.3.Electronics |
| 10.2.4.Paints & Coatings |
| 10.2.5.Pharmaceuticals |
| 10.2.6.Others |
| 10.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.North America |
| 10.3.2.Europe |
| 10.3.3.Asia-Pacific |
| 10.3.4.Latin America |
| 10.3.5.Middle East and Africa (MEA) |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Methanol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Formaldehyde |
| 11.1.2.Dimethyl ether |
| 11.1.3.Gasoline |
| 11.1.4.Chloromethane |
| 11.1.5.MTBE/TAME |
| 11.1.6.Acetic acid |
| 11.1.7.Others |
| 11.2. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Automotive |
| 11.2.2.Construction |
| 11.2.3.Electronics |
| 11.2.4.Paints & Coatings |
| 11.2.5.Pharmaceuticals |
| 11.2.6.Others |
| 11.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.North America |
| 11.3.2.Europe |
| 11.3.3.Asia-Pacific |
| 11.3.4.Latin America |
| 11.3.5.Middle East and Africa (MEA) |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Methanol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Formaldehyde |
| 12.1.2.Dimethyl ether |
| 12.1.3.Gasoline |
| 12.1.4.Chloromethane |
| 12.1.5.MTBE/TAME |
| 12.1.6.Acetic acid |
| 12.1.7.Others |
| 12.2. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Automotive |
| 12.2.2.Construction |
| 12.2.3.Electronics |
| 12.2.4.Paints & Coatings |
| 12.2.5.Pharmaceuticals |
| 12.2.6.Others |
| 12.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.North America |
| 12.3.2.Europe |
| 12.3.3.Asia-Pacific |
| 12.3.4.Latin America |
| 12.3.5.Middle East and Africa (MEA) |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Methanol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Formaldehyde |
| 13.1.2.Dimethyl ether |
| 13.1.3.Gasoline |
| 13.1.4.Chloromethane |
| 13.1.5.MTBE/TAME |
| 13.1.6.Acetic acid |
| 13.1.7.Others |
| 13.2. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Automotive |
| 13.2.2.Construction |
| 13.2.3.Electronics |
| 13.2.4.Paints & Coatings |
| 13.2.5.Pharmaceuticals |
| 13.2.6.Others |
| 13.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.North America |
| 13.3.2.Europe |
| 13.3.3.Asia-Pacific |
| 13.3.4.Latin America |
| 13.3.5.Middle East and Africa (MEA) |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.BASF SE |
| 14.2.2.Zagros Petrochemical Company |
| 14.2.3.Mitsui & Co., Ltd |
| 14.2.4.Petroliam Nasional Berhad |
| 14.2.5.Celanese Corporation |
| 14.2.6.Valero Marketing & Supply Company |
| 14.2.7.Saudi Arabia Basic Industries Corporation |
| 14.2.8.Methanex Corporation |
| 14.2.9.Qatar Fuel Additives Company Limited |
| 14.2.10.Petronas |
| 14.2.11.LyondellBasell |
| 14.2.12.OCI NV |
| 14.2.13.Methanol Holdings (Trinidad) Ltd |
| 14.2.14.Fairway Methanol LLC |
| 14.2.15.Atlantic Methanol |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.