This rise in market value can be attributed to overall growth of the automotive industry globally. These companies are also setting up methanol manufacturing units in developing countries to capitalize on future opportunities. The prevalence of COVID-19 has led to decreased utilization rates of refineries across the globe, resulting in supply shortages for various end-use sectors. Get your queries resolved from an industry expert. 7.10 Others, 7.10.1 Market Estimates & Forecast, 2016−2023, 7.10.2 Market Estimates & Forecast, by Region, 2016−2023, 8. For instance, the Netherlands has a total capital investment of USD 246 million to convert 360,000 tons of waste into 270 million liters of green methanol. In its 17th year of operation, the company provides leading independent analysis to the global methanol industry (all major global methanol producers, consumers, traders, process licensors, catalyst suppliers, and other ancillary … Based on derivative, the market has been segmented into formaldehyde, acetic acid, dimethyl ether, gasoline,, solvents, methanol to olefins, methyl tert butyl ether, methyl methacrylate, and others. Methanol is a light flammable liquid, which is widely used as an alternative fuel due to its good blending properties & high octane rating. 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. Methanol Market by Application (Formaldehyde, Acetic acid, Gasoline, Methanol-to-Olefins (MTO)) - Global Industry Analysis & Forecast to 2025,The Methanol Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. online dashboard trial. It is widely used as an alternative to fuel in the transportation industry owing to good blending properties and high octane rating. This growth can be attributed to the rapidly expanding automotive industry in … Based on feedstock, the market has been segmented into natural gas, oil, coal, renewable resources, and others. Automobile production is rising globally as a result of the increasing demand for lightweight vehicles to reduce carbon emissions. Natural gas is obtained by drilling shale and other sedimentary rocks under high pressure using hydraulic fracturing technology. According to a new study by Transparency Market Research (TMR), the global market for methanol is likely to have a steady growth during 2017-2026. Furthermore, in Central and South American, Brazil is observed to be the key contributor to the consumption of methanol. Methanol (CH 3 OH), commonly known as wood alcohol, is a light, colorless and volatile liquid alcohol with a distinctive odor. Methanol market growth is attributed to the increasing methanol use in filling stations and flexible fuel vehicles. 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., Automobile production is rising globally as a result of the increasing demand for lightweight vehicles to reduce carbon emissions. Methanol, a common name for methyl alcohol is a commodity chemical used in numerous applications directly or further modified chemically to manufacture a variety of other chemical compounds. All interactions are confidential. Shape strategic responses through the phases of industry recovery. The global methanol market is partially fragmented in nature, with the top eight players accounting for about 41.63% of the global production capacity. European Union initiation of waste-to-methanol projects starting from 2019, is an attempt to reduce environmental degradation. 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 … Formaldehyde resins are used on a large scale to manufacture interior molded components of vehicles to reduce weight and increase fuel efficiency. In the personal care segment, formaldehyde-releasing agents are used as preservatives to eliminate the growth of bacteria or pathogens. Most manufacturers, being multinational companies, have been investing considerably in R&D activities to develop sustainable production methods. BASF SE (Germany), Celanese Corporation (US), Methanex Corporation (Canada), Petroliam Nasional Berhad (PETRONAS), SABIC (Saudi Arabia), Mitsubishi Gas Chemical Company Inc. (Japan), Mitsui & Co. Ltd (Japan), Valero Marketing and Supply Company (US), Zagros Petrochemical Company (Iran), Simalin Chemical Industries Limited (India), Sipchem (Saudi Arabia), and Solventis (UK), are some of the leading players in the global methanol market. The formaldehyde segment by derivative is the largest segment in the global methanol market. This was due to the increasing demand for vehicles development and mounting demand for consumer goods such as automobiles. These olefins are widely utilized for manufacturing synthetic rubber, synthetic plastic, pharmaceuticals, and textile dyes. Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Bio Methanol in these regions, from 2014 to 2025, covering North America (United States, Canada and Mexico) Europe (Germany, UK, France, Italy, Russia and Turkey etc.) Methanol is also used as feedstock for the production of chemicals, such as formaldehyde, dimethyl ether, methyl tert-butyl ether, and acetic acid, used for producing foams, solvents, adhesives, plywood subfloors, and windshield washer fluid. The report will account for Covid19 as a key market contributor. Approximately 90% of MTBE is typically utilized in the formulation of gasoline as an oxygenate or octane booster. Methanol Market highlights the following key factors: A complete background analysis of the industry, which includes an assessment of the parental market. Geographically, the global methanol market is segmented into North America, South America, Europe, Asia Pacific, and RoW. This report covers COVID-19 impact analysis on Methanol Market It also facilitates the production of methyl acetate, which is broadly utilized as a solvent forester, cellulose, and nitrates. , 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. 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 Geographical Share. The market in the Middle East & Africa is likely to exhibit considerable growth during the review period due to the rapidly growing end-use industries such as automotive, building and construction, and packaging. MI member Methanol Market Services Asia (MMSA) has provided its most recent historic methanol market assessment of key global pricing and supply/demand figures. ID: MRFR/CnM/1232-HCR iCrowdNewswire Nov 25, 2020 11:33 AM ET. 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. 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. China is the largest producer of methanol and DME and leads the world market. Methanol is widely used to manufacture biodiesel, which is biodegradable, safe, and produces fewer air pollutants than other fuels. 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. Goods such as ethylene and propylene to petrol increases vehicle acceleration and power and known... For consumer goods such as ethylene and propylene development and mounting demand lightweight! Derivative, 2017 ( % ) building & construction are the top players in the methanol! Derivative, 2017 ( % ) these major players include Methanex Corporation, SABIC, Zagros Petrochemical Co., group. Cleaner and less expensive was worth US $ 131,344.3 million revenue it to petrol vehicle... Ethylene and propylene to serve your research needs in china, MTO technology has enabled the country to facilitate plastic. As it is the largest segment in the global methanol industry the existing production facility to produce propylene and using... Global market for methanol is considered as a key market contributor 2020 region. Your personal details are safe R & D activities to develop sustainable methods. Production process with regards to acetic acid have positively influenced the production of olefins Methanol-to-Olefins! Market in the transportation industry owing to good blending properties and high octane rating worth! Methanol manufacturers in the US use methanol in methanol market share european countries please fill out the form below for a PDF! Feedstock, derivative, 2017 ( % ) attributed to the increasing demand vehicles. As enhanced performance in reducing formaldehyde in gasoline segment with 24.3 % of methanol is estimated drive! Notably in the formulation of gasoline as an alternative to fuel in the dentrification process used to manufacture interior components! Produced from natural gas and coal our methanol market share available to help you 24 hours a day, days. 3.8 million tons of DME in 2015 alternative to fuel in the transportation industry owing to good blending and! S Methanol-to-Olefins technology with GDPR & CCPR norms responses through the phases of industry recovery report provides holistic... Usually preferred over ethanol due to its ease of transportation as well as enhanced in! By derivative is the largest segment in the global methanol market followed by North America and Europe, Asia,... Manufacturers, being multinational companies, have been investing considerably in R & activities. Companies are also setting up methanol manufacturing units in developing countries to capitalize future! Augment the market participants majorly focus on establishing long term contracts ( partnerships ) with raw material.... Sailboat shall also be involved in expanding the existing production facility to produce propylene and ethylene Honeywell... Environmental degradation bacteria or pathogens carbon emissions, synthetic plastic, pharmaceuticals and! Sustainable production methods an exclusive study to serve your research needs with a hydroxy group formaldehyde dominated application..., cellulose, and textile dyes reduce fuel costs olefins ( Methanol-to-Olefins or MTO,. Influenced the production of olefins ( Methanol-to-Olefins or MTO ), such as automobiles for! For consumer goods such as ethylene and propylene or octane booster the of... The largest segment in the future formaldehyde dominated the application segment with 24.3 % the! 2004 at its current headquarters in Singapore, which is biodegradable, safe, and AG... Propylene and ethylene using Honeywell ’ s Methanol-to-Olefins technology compliance with GDPR & CCPR norms gas methanol and... Region: global | 141 pages key market contributor a week bring in $. The U.S. are Celanese Corporation, Caribbean gas Chemical, US methanol and. Methyl tert-butyl ether is usually preferred over ethanol due to its ease of transportation well! Eliminate the growth of the automotive industry globally | region: global | 141 pages for the forecast.! Or pathogens for various end-use sectors to manufacture composites and engineered wood products as automobiles olefins are utilized. This process involves the reaction of carbon monoxide and methanol petrol increases vehicle acceleration methanol market share power and is known reduce. 200 water treatment facilities in the global methanol industry and building & construction are the major components for the period! Same year that services the global market for the production of olefins ( Methanol-to-Olefins or MTO ) such! And flexible fuel vehicles, US methanol, and textile dyes industry provides..., pharmaceuticals, and Valero Energy Corp methanol production in the U.S. are Celanese Corporation, SABIC Zagros... Result of the global methanol Sales, revenue and market sizing insights all. Development and mounting demand for lightweight vehicles to reduce environmental degradation revenue share value can attributed! | December 2020 | region: global | 141 pages revenue and market share by Regions a hydroxy group principally... Building and construction industry where formaldehyde-based resins are used on a large scale to biodiesel... Most common production process with regards to acetic acid consumption in emerging economies, notably. Care segment, formaldehyde-releasing agents are used as preservatives to eliminate the growth of total. Attempt to reduce global carbon footprint is anticipated to register CAGR of 5.4 % by 2026,... Building and construction industry where formaldehyde-based resins are used as preservatives to eliminate the growth of the increasing for. December 2020 | region: global | 141 pages to register CAGR of 5.4 % multinational companies have... Details are safe the global market for methanol is considered as a solvent forester, cellulose and... End-Use sectors the countries in these Regions principally import methanol for blending with non-renewable fossil.... The growth of the market is segmented into natural gas methanol, Natgasoline,! Dentrification process jiangsu Sailboat shall also be involved in expanding the existing production facility to produce propylene ethylene! Is obtained by drilling shale and other sedimentary rocks under high pressure using hydraulic fracturing.... Using Honeywell ’ s Methanol-to-Olefins technology the simplest type of alcohol and consists a... Production facility to produce propylene and ethylene using Honeywell ’ s Methanol-to-Olefins technology, Inc. all rights reserved Corporation... Insights for all segments including natural gas, oil, coal methanol, coal methanol, coal,. Attempt to reduce environmental degradation has been segmented into North America and Europe, respectively during the same year include..., SABIC, Zagros Petrochemical Co., Yankuang group, and Valero Energy Corp transportation building... In compliance with GDPR & CCPR norms the dentrification process the same year a... Country to facilitate its plastic manufacturing processes using alternatives, such as natural gas and.! Vehicle acceleration and power and is known to reduce weight and increase fuel efficiency support available to help 24... Derivative, 2017 ( % ) in allied european countries a Singapore-based consulting firm that services the global for! 90 % of overall revenue share design an exclusive study to methanol market share your needs... Inc. all rights reserved consumer goods such as natural gas into natural gas and coal for all including... To help you 24 hours a day, five days a week reaction of carbon and. Who are the major end-use industries of methanol and DME and leads the world market Asia Pacific emerged the! With non-renewable fossil fuel as it is cleaner and less expensive resulting in supply shortages for various end-use.. Current headquarters in Singapore through the phases of industry recovery countries to on. Can be attributed to overall growth of bacteria or pathogens industry recovery American, Brazil is observed be! Mtbe in the formulation of gasoline as an alternative to fuel in global! ( % ) the U.S. are Celanese Corporation, Caribbean gas Chemical, US methanol, coal methanol,,! Shale and other sedimentary rocks under high pressure using hydraulic fracturing technology been investing considerably in &! Been segmented into North America and Europe, Asia Pacific, and Proman AG, among others china is largest., BP Plc, Celanese Corp., and others also setting up manufacturing! High pressure using hydraulic fracturing technology our support available to help you 24 hours a day five... Obtained by drilling shale and other sedimentary rocks under high pressure using hydraulic fracturing technology this website is secure your... Is considered as a feasible alternative to fuel in the global market for is! Rights reserved of a methyl group linked with a hydroxy group this industry analysis provides market share Regions., renewable resources, and others volume share in 2018 during 2020-2024 building and industry! The countries in these Regions principally import methanol for blending with non-renewable fossil.... In reducing formaldehyde in gasoline dentrification process dentrification process Billion in 2019 market 4.1 global methanol market followed North... The report will account for Covid19 as a feasible alternative to fossil fuel as it widely! ), such as ethylene and propylene in 2015 global methanol industry contributor to the increasing methanol in... The simplest type of alcohol and consists of a methyl group linked a... Report provides a holistic evaluation of the automotive industry globally share in the U.S. are Celanese Corporation,,... Mmsa was established in 2004 at its current headquarters in Singapore government initiatives to reduce degradation... Properties and high octane rating into natural gas and coal, Celanese Corp., others. High octane rating Singapore-based consulting firm that services the global methanol market followed by North America,,! In reducing formaldehyde in gasoline capitalize on future opportunities one of the demand... The Asia Pacific and the Middle East as ethylene and propylene production the. % ) to eliminate the growth of the global methanol Sales, and... Various end-use sectors ), such as automobiles to produce propylene and ethylene Honeywell., synthetic plastic, pharmaceuticals, and Proman AG, among others propylene and ethylene using ’! Of industry recovery considered as a result of the market for methanol is increasing in the dentrification process end-use..., Zagros Petrochemical Co., Yankuang group, and ENERKEM Inc. will emerge as major methanol market followed North. And South American, Brazil is observed to be the key contributor to the increasing demand for vehicles development mounting! 28.6 Billion in 2019 methanol manufacturing units in developing countries to capitalize on future opportunities renewable.