Methanol Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Methanol Market: By Chemical Type (Formaldehyde, Dimethyl ether, Gasoline, Chloromethane, MTBE/TAME, Acetic acid, Others), By End User (Automotive, Construction, Electronics, Paints & Coatings, Pharmaceuticals, Others), and Geography

 

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Report

Description

The global methanol market expected to reach US$ 52.3 Bn by 2027 and the market expected to grow at significant CAGR 5.7% over 2021-2027 due to increase in demand for methanol from end user industries such as automotive, pharmaceutical, paints and coatings, and other industries. Moreover, rise in technological advancements in the production of methanol, surge in demand for methanol based fuels to reduce the carbon footprint, availability of wide range of derivatives, and increase in the demand from construction industries for manufacturing of wood products are anticipated to fuel the market over the forecast years. However, high cost for the processing of methane to produce methanol, availability of alternative chemicals, and hazardous nature of methanol are restrain the growth of market over the forecast timeframe. Methanol is a colourless, odourless, light, volatile, and flammable liquid that smells like ethyl alcohol (ethanol). This chemical is generally coupled with ethyl alcohol to make denatured alcohol, which is employed in industrial applications because to its toxicity. The market is likely to be driven by the increased use of the product as a feedstock for a variety of chemicals ranging from solvents to polymers. The market will benefit from the movement in end-user preferences toward sustainable fuels. The adaptability of this alcohol has been put to good use in order to meet the needs of a rising globe. Global methanol market is surging owing to frequent product approvals and launchings, strategic alliances, and business expansion by the market players. For instance, In October 2019, Saudi Basic Industries Corporation acquired 25% stake in Saudi Methanol Company in the Kingdom of Saudi Arabia with the Japan Saudi Arabia Methanol Company Inc.to expand its business

Methanol Market

MARKET SUMMARY
-
5.7%
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 5.7%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– Europe

Methanol Market

  • Global methanol market report gives comprehensive outlook on methanol across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report gives historical, current, and future market sizes (US$ Mn) on the basis of application, end user, and region.
  • This report studies global methanol market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • Key stakeholders of the report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global methanol products.
Market Key Players
  • BASF SE
  • Zagros Petrochemical Company
  • Mitsui & Co., Ltd
  • Petroliam Nasional Berhad
  • Celanese Corporation
  • Valero Marketing & Supply Company
  • Saudi Arabia Basic Industries Corporation
  • Methanex Corporation
Growth

Methanol Market

Increase in the adoption of methanol and its derivatives in automotive, construction, pharmaceutical, cosmetics, and other end user industries is anticipated to burgeon the market over the forecast years. In construction industry, methanol is widely used in the manufacturing of wood products. In automotive industry, methanol helps to enhance the engine efficiency and performance. In addition, government initiations to reduce the carbon footprint, development of lightweight vehicles to deter the carbon emissions are surge the market revenue. Additionally, methanol is widely used in pharmaceutical and biopharmaceutical companies as a solvent. Increase in number of these industries also propel the market growth over the forecast timeframe.


Asia-Pacific Got Significant Share

Methanol Market

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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report

  • Global methanol market expanding at significant CAGR over 2021 to 2027 owing to increase in the demand from end user industries around the globe.
  • Based on application, textile industry accounted for larger market revenue share in 2020 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global methanol market

Key

Key Features of the Report

Methanol Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • 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

Description

The global methanol market expected to reach US$ 52.3 Bn by 2027 and the market expected to grow at significant CAGR 5.7% over 2021-2027 due to increase in demand for methanol from end user industries such as automotive, pharmaceutical, paints and coatings, and other industries. Moreover, rise in technological advancements in the production of methanol, surge in demand for methanol based fuels to reduce the carbon footprint, availability of wide range of derivatives, and increase in the demand from construction industries for manufacturing of wood products are anticipated to fuel the market over the forecast years. However, high cost for the processing of methane to produce methanol, availability of alternative chemicals, and hazardous nature of methanol are restrain the growth of market over the forecast timeframe. Methanol is a colourless, odourless, light, volatile, and flammable liquid that smells like ethyl alcohol (ethanol). This chemical is generally coupled with ethyl alcohol to make denatured alcohol, which is employed in industrial applications because to its toxicity. The market is likely to be driven by the increased use of the product as a feedstock for a variety of chemicals ranging from solvents to polymers. The market will benefit from the movement in end-user preferences toward sustainable fuels. The adaptability of this alcohol has been put to good use in order to meet the needs of a rising globe. Global methanol market is surging owing to frequent product approvals and launchings, strategic alliances, and business expansion by the market players. For instance, In October 2019, Saudi Basic Industries Corporation acquired 25% stake in Saudi Methanol Company in the Kingdom of Saudi Arabia with the Japan Saudi Arabia Methanol Company Inc.to expand its business

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EUROPE OFFICE

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