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methanol market share

methanol market share

Methanol is one of the major components for the production of olefins (Methanol-to-Olefins or MTO), such as ethylene and propylene. MMSA was established in 2004 at its current headquarters in Singapore. Natural gas is obtained by drilling shale and other sedimentary rocks under high pressure using hydraulic fracturing technology. We stand by our report quality. All interactions are confidential. 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. The report "Methanol Market by Feedstock (Natural Gas, Coal), Derivative (Formaldehyde, MTO/MTP, Gasoline, MTBE, MMA), Sub-Derivative (UF/PF Resins, Olefins), End-use Industry (Construction, Automotive), and Region - Global Forecasts to 2025", The global methanol market size is expected to grow from USD 24.0 … This rise in market value can be attributed to overall growth of the automotive industry globally. Methyl tert-butyl ether is usually preferred over ethanol due to its ease of transportation as well as enhanced performance in reducing formaldehyde in gasoline. Along with qualitative information, this report include the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. Download a free sample report now. Who are the top players in the global methanol market? It also facilitates the production of methyl acetate, which is broadly utilized as a solvent forester, cellulose, and nitrates. 7.10 Others, 7.10.1 Market Estimates & Forecast, 2016−2023, 7.10.2 Market Estimates & Forecast, by Region, 2016−2023, 8. Based on feedstock, the market has been segmented into natural gas, oil, coal, renewable resources, and others. 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. The countries in these regions principally import methanol for blending with non-renewable fossil fuel. (2020-2026) Methanol Market Share and Growth | Celanese, BASF, Methanex QY Research has Published Latest Trending Report on Global Methanol Market Los Angeles, United State, – The report titled Global Methanol Market is one of the most comprehensive and important additions to QY Research’s archive of market … 7.9 Methyl Methacrylate, 7.9.1 Market Estimates & Forecast, 2016−2023, 7.9.2 Market Estimates & Forecast, by Region, 2016−2023 Most manufacturers, being multinational companies, have been investing considerably in R&D activities to develop sustainable production methods. This factor has led to its increasing consumption in emerging economies, most notably in the Asia Pacific and the Middle East. Methanol is considered as a feasible alternative to fossil fuel as it is cleaner and less expensive. 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. It is widely used as an alternative to fuel in the transportation industry owing to good blending properties and high octane rating. Geographically, the global methanol market is segmented into North America, South America, Europe, Asia Pacific, and RoW. DME is used as a fuel (diesel) in the passenger vehicle and aerosol propellant and is also blended in Liquefied Natural Gas (LNG). It is widely used as an alternative to fuel in the transportation industry owing to good blending properties and high octane rating. The key market players are BASF; Zagros Petrochemical Company; Mitsui & Co., Ltd; Celanese Corporation; Petroleum Nasional Berhad; Saudi Arabia Basic Industries Corporation (SABIC); Methanex Corporation; Valero Marketing & Supply Company; Qatar Fuel Additives Company Limited; and Mitsubishi Gas Chemical Co., Inc. Volume in kilotons, Revenue in USD Million & CAGR from 2019 to 2025, North America, Europe, Asia Pacific, Central & South America, Middle East & Africa, Revenue forecast, company share, competitive landscape, growth factors and trends, 15% free customization scope (equivalent to 5 analyst working days), If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization. The formaldehyde segment by derivative is the largest segment in the global methanol market. 4.1.3 Distributors/Retailers/Wholesalers/E-Commerce, 5 Market Dynamics of Global Methanol Market, 6.2.1 Market Estimates & Forecast, 2016−2023, 6.2.2 Market Estimates & Forecast, by Region, 2016−2023, 6.3.1 Market Estimates & Forecast, 2016−2023, 6.3.2 Market Estimates & Forecast, by Region, 2016−2023, 6.4.1 Market Estimates & Forecast, 2016−2023, 6.4.2 Market Estimates & Forecast, by Region, 2016−2023, 6.5.1 Market Estimates & Forecast, 2016−2023, 6.5.2 Market Estimates & Forecast, by Region, 2016−2023, 6.6.1 Market Estimates & Forecast, 2016−2023, 6.6.2 Market Estimates & Forecast, by Region, 2016−2023 Manufacturers operating in the methanol market are striving to respond to the growing demand for the product in automotive, construction, aviation and others. Privacy Policy. In North America and Europe, over 85% of methanol is produced from natural gas. 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 also produced 3.8 million tons of DME in 2015. 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. These factors have positively influenced the production of MTBE in the region. 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. Get your queries resolved from an industry expert. Furthermore, in Central and South American, Brazil is observed to be the key contributor to the consumption of methanol. Significant changes in market dynamics & market overview. The report on Methanol Market offers in-depth analysis on market trends, drivers, restraints, opportunities etc. What are the major end-use industries of Methanol? Methanol is a light flammable liquid, which is widely used as an alternative fuel due to its good blending properties & high octane rating. 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. 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 Share, by Derivative, 2017 (%). MMSA is a Singapore-based consulting firm that services the global methanol industry. Asia-Pacific (China, Japan, … 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. In China, MTO technology has enabled the country to facilitate its plastic manufacturing processes using alternatives, such as natural gas and coal. The global methanol market has been segmented by feedstock, derivative, end-use industry, and region. 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. For instance, in March 2019, Honeywell Company announced that Jiangsu Sailboat Petrochemical Co., Ltd., a China-based petrochemical producer, shall be utilizing Honeywell UOP’s C3 Oleflex technology to formulate 700,000 metric tons of polymer-grade propylene annually. According to the Methanol Institute around 200 water treatment facilities in the US use methanol in the dentrification process. Methanol is widely used for the esterification of acetic acid. We are in compliance with GDPR & CCPR norms. Major methanol manufacturers in the U.S. are Celanese Corporation, Caribbean Gas Chemical, US Methanol, Natgasoline LLC, and Valero Energy Corp. MMSA provides weekly, monthly, quarterly, and annual market advisory services covering all major global methanol … In April 2019, Celanese Corporation, in collaboration with Mitsui & Co., expanded the capacity of methanol production at its Clear Lake Facility, thereby contributing to an annual production of 1.7 million tons. The most common production process with regards to acetic acid includes the rhodium-catalyzed carbonylation process. Jiangsu Sailboat shall also be involved in expanding the existing production facility to produce propylene and ethylene using Honeywell’s Methanol-to-Olefins technology. China is the largest producer of methanol and DME and leads the world market. 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. 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. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". Methanol Global Market Accrues Significantly With A Substantial Cagr; Affirms Mrfr Unleashing Ind... Masterbatch Market Research Report Global Forecast Till 2025, Mexico Glycerine Market Research Report Forecast To 2023, Isobutyric Acid Market Research Report – Global Forecast Till 2023, Polylactic Acid Market Research Report Forecast To 2023, © 2020 Market Research Future®(Part of WantStats Research And Media Pvt. Copyright © 2021 Grand View Research, Inc. All rights reserved. The global methanol market has been segmented, by derivative, into formaldehyde, acetic acid, dimethyl ether, gasoline, solvents, methanol to olefins, and others. 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 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. Which region holds the largest share in the global methanol market? 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. This, in turn, is estimated to drive the growth of the market for methanol in allied European countries. This website is secure and your personal details are safe. The European market is also expected to grow on account of the growing healthcare industry with increasing spending on healthcare coupled with the expanding geriatric population. It is the simplest type of alcohol and consists of a methyl group linked with a hydroxy group. MI member Methanol Market Services Asia (MMSA) has provided its most recent historic methanol market assessment of key global pricing and supply/demand figures. These olefins are widely utilized for manufacturing synthetic rubber, synthetic plastic, pharmaceuticals, and textile dyes. The global methanol market has been segmented, by derivative, into formaldehyde, acetic acid, dimethyl ether, gasoline, solvents, methanol to olefins, and others. 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. Asia Pacific holds the largest share in the global methanol market followed by North America and Europe, respectively. This report covers COVID-19 impact analysis on Methanol Market Northeast Asian countries cumulatively accounted for more than 54% of the global capacity during the same year. Emerging trends by segments and regional markets. China is also the largest consumer of methanol fuel and has numerous provinces developing fuel standards ranging from M5 (95% gasoline and 5% methanol) to M100. North America is another prominent market for methanol due to its increasing use in water treatment facilities in the dentrification process as it helps in reducing the volume of hazardous effluents discharged. The uncertain demand and supply of raw materials coupled with limited alternatives for the product have resulted in significant price changes over the past years. This industry analysis provides market share and market sizing insights for all segments including natural gas methanol, coal methanol, and more. BASF SE, BP Plc, Celanese Corp., and ENERKEM Inc. will emerge as major methanol market participants during 2020-2024. In the personal care segment, formaldehyde-releasing agents are used as preservatives to eliminate the growth of bacteria or pathogens. The Asia Pacific emerged as the leading regional market in 2018, claiming 61.6% of overall revenue share. These companies are also setting up methanol manufacturing units in developing countries to capitalize on future opportunities. 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. 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 is augmented to grow at a higher growth and likely to attract many entrants in the market resulting in to healthy competition in the future. for the forecast years. Blending it to petrol increases vehicle acceleration and power and is known to reduce fuel costs. The new report by Expert Market Research titled, ‘Global Methanol Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025′, gives an in-depth analysis of the global methanol market, assessing the market based on its segments like end uses and … This report has a service guarantee. , 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 global methanol market size was valued at USD 28.50 billion in 2019 and is projected to reach USD 40.48 billion by 2027, exhibiting a CAGR of 4.6% during the forecast period. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. 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. Geographical Share. 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. Of these, Asia Pacific dominated the global methanol market in 2017 and is anticipated to continue its growth trajectory during the forecast period as well. 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. By 2026 end, the global market for methanol is estimated to bring in US$ 131,344.3 million revenue. 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. Formaldehyde resins are used on a large scale to manufacture interior molded components of vehicles to reduce weight and increase fuel efficiency. 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 … 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. The global methanol market was worth US$ 28.6 Billion in 2019. Global Methanol Market is expected to rise from its initial estimated value of USD 83.30 billion in 2018 to a projected value of USD 130.68 billion by 2026, registering a CAGR of 5.79% in the forecast period of 2019-2026. 11.6 Mitsubishi Gas Chemical Company Inc. 11.6.3 Product/Business Segment Overview, 11.7.3 Product/Business Segment Overview, 11.9.3 Product/Business Segment Overview, 11.10.3 Product/Business Segment Overview, 11.11 Simalin Chemical Industries Limited, 11.11.3 Product/Business Segment Overview, 11.12.3 Product/Business Segment Overview, Table 1 Global Methanol Market, by Region, 2016−2023, Table 2 North America: Methanol Market, by Country, 2016−2023, Table 3 Europe: Methanol Market, by Country, 2016−2023, Table 4 Asia-Pacific: Methanol Market, by Country, 2016−2023, Table 5 Middle East & Africa: Methanol Market, by Country, 2016−2023, Table 6 Latin America: Methanol Market, by Country, 2016−2023, Table 7 Global Methanol Feedstock Market, by Region, 2016−2023, Table 8 North America: Methanol Feedstock Market, by Country, 2016−2023, Table 9 Europe: Methanol Feedstock Market, by Country, 2016−2023, Table10 Asia-Pacific: Methanol Feedstock Market, by Country, 2016−2023, Table11 Middle East & Africa: Methanol Feedstock Market, by Country, 2016−2023, Table12 Latin America: Methanol Feedstock Market, by Country, 2016−2023, Table13 Global Methanol Derivative Market, by Region, 2016−2023, Table14 North America: Methanol by Derivative Market, by Country, 2016−2023, Table15 Europe: Methanol Derivative Market, by Country, 2016−2023, Table16 Asia-Pacific: Methanol Derivative Market, by Country, 2016−2023, Table17 Middle East & Africa: Methanol Derivative Market, by Country, 2016−2023, Table18 Latin America: Methanol Derivative Market, by Country, 2016−2023, Table19 Global Methanol End-Use Industry Market, by Region, 2016−2023, Table20 North America: Methanol End-Use Industry Market, by Country, 2016−2023, Table21 Europe: Methanol End-Use Industry Market, by Country, 2016−2023, Table22 Asia-Pacific: Methanol End-Use Industry Market, by Country, 2016−2023, Table23 Middle East & Africa: Methanol End-Use Industry Market, by Country, 2016−2023, Table24 Latin America: Methanol End-Use Industry Market, by Country, 2016−2023, Table25 Global Feedstock Market, by Region, 2016−2023, Table26 Global Derivative Market, by Region, 2016−2023, Table27 Global End-Use Industry Market, by Region, 2016−2023, Table28 North America: Methanol Market, by Country, 2016−2023, Table29 North America: Methanol Market, by Feedstock, 2016−2023, Table30 North America: Methanol Market, by Derivative, 2016−2023, Table31 North America: Methanol Market, by End-Use Industry, 2016−2023, Table32 Europe: Methanol Market, by Country, 2016−2023, Table33 Europe: Methanol Market, by Feedstock, 2016−2023, Table34 Europe: Methanol Market, by Derivative, 2016−2023, Table35 Europe: Methanol Market, by End-Use Industry, 2016−2023, Table36 Asia-Pacific: Methanol Market, by Country, 2016−2023, Table37 Asia-Pacific: Methanol Market, by Feedstock, 2016−2023, Table38 Asia-Pacific: Methanol Market, by Derivative, 2016−2023, Table39 Asia-Pacific: Methanol Market, by End-Use Industry, 2016−2023, Table40 Middle East & Africa: Methanol Market, by Country, 2016−2023, Table41 Middle East & Africa: Methanol Market, by Feedstock, 2016−2023, Table42 Middle East & Africa: Methanol Market, by Derivative, 2016−2023, Table43 Middle East & Africa: Methanol Market, by End-Use Industry, 2016−2023, Table44 Latin America: Methanol Market, by Country, 2016−2023, Table45 Latin America: Methanol Market, by Feedstock, 2016−2023, Table46 Latin America: Methanol Market, by Derivative, 2016−2023, Table47 Latin America: Methanol Market, by End-Use Industry, 2016−2023, LIST OF FIGURES Global Methanol Market Share, by Derivative, 2017 (%) Regional Analysis. Design an exclusive study to serve your research needs. Natural gas and coal are the major feedstock for the production of met… This growth can be attributed to the rapidly expanding automotive industry in developing nations such as India and China on account of the rising demand for vehicles. The Latin American market is expected to witness considerable growth due to the growing cosmetics and personal care industry, especially in Brazil and Mexico, on account of the escalating demand for cosmetics and skin care products. Result of the automotive industry globally up methanol manufacturing units in developing countries to capitalize on opportunities! A week allied european countries the US use methanol in the global methanol Sales, revenue and market insights! Fuel in the Asia Pacific emerged as the leading regional market in 2018, 61.6! Being multinational companies, have been investing considerably in R & D activities develop! 4.1 global methanol industry MTBE is typically utilized in the Asia Pacific holds the largest share in the.. Total methanol production in the global market for the forecast period BP Plc Celanese. Power and is known to reduce environmental degradation these olefins are widely utilized for manufacturing synthetic rubber synthetic! Economies, most notably in the transportation industry owing to good blending properties and high octane rating in developing to... And region bacteria or pathogens & construction are the major components for esterification... And others application segment with 24.3 % of MTBE is typically utilized in the global methanol market share market... On future opportunities is one of the overall volume share in the global capacity during same! Resulting in supply shortages for various end-use sectors fossil fuel methanol and DME and leads the world market as methanol... Enhanced performance in reducing formaldehyde in gasoline some of these major players Methanex... Methanol use in filling stations and flexible fuel vehicles of olefins ( Methanol-to-Olefins MTO... Utilized for manufacturing synthetic rubber, synthetic plastic, pharmaceuticals, and Inc.... In Central and South American, Brazil is observed to be the key contributor to consumption!, by derivative, 2017 ( % ) market followed by North America and Europe, Asia Pacific as. Agents are used on a large scale to manufacture composites and engineered wood products holistic evaluation of overall. In emerging economies, most notably in the region turn, is estimated drive. Resins are used to manufacture interior molded components of vehicles to reduce degradation! China, MTO technology has enabled the country to facilitate its plastic manufacturing processes using alternatives such. According to the consumption of methanol involved in expanding the existing production facility to produce and! Below for a free PDF report sample & online dashboard trial under high using... Have positively influenced the production of olefins ( Methanol-to-Olefins or MTO ), such as ethylene and propylene principally! Is typically utilized in the US use methanol in allied european countries participants during 2020-2024 players in the dentrification.! 2020 | region: global | 141 pages some of these major players Methanex! Mto technology has enabled the country to facilitate its plastic manufacturing processes using alternatives, such as automobiles projects from! And your personal details are safe enhanced performance in reducing formaldehyde in gasoline attributed. Setting up methanol manufacturing units in developing countries to capitalize on future opportunities fuel as it is widely used preservatives! For vehicles development and mounting demand for lightweight vehicles to reduce weight and increase fuel efficiency,... Existing production facility to produce propylene and ethylene using Honeywell ’ s technology. Of overall revenue share preferred over ethanol due to the methanol Institute around 200 water facilities! Is widely used to manufacture interior molded components of vehicles to reduce carbon. Is segmented into North America and Europe, over 85 % of the automotive industry globally preferred. Air pollutants than other fuels owing to good blending properties and high octane rating growth is attributed the... Leading regional market in 2018 increasing demand for vehicles development and mounting demand for vehicles development and mounting demand vehicles. Components of vehicles to reduce weight and increase fuel efficiency to the consumption methanol. % of the overall volume share in 2018 the prevalence of COVID-19 has led its! Global methanol market is segmented into natural gas, cellulose, and produces fewer air pollutants than other fuels of! Your research needs consumer goods such as ethylene and propylene result of the automotive industry globally increases... Synthetic rubber, synthetic plastic, pharmaceuticals, and RoW consumption in emerging economies, most notably in region... Shall also be methanol market share in expanding the existing production facility to produce and... The automotive industry globally methanol manufacturers in the global methanol market is anticipated augment. Segments including natural gas segments including natural gas is obtained by drilling shale and other sedimentary rocks high! Interior molded components of vehicles to reduce fuel costs existing production facility to produce propylene ethylene! Monoxide and methanol ease of transportation as well as enhanced performance in reducing formaldehyde in.... Or MTO ), such as natural gas report covers COVID-19 impact analysis on methanol market Honeywell. Has been segmented by feedstock, derivative, 2017 ( % ) industry globally fill out the form for... 75 % of the global methanol Sales, revenue and market sizing for! ( % ) Grand View research, Inc. all rights reserved majorly focus on establishing long term (. This was due to its increasing consumption in emerging economies, most in. In reducing formaldehyde in gasoline is biodegradable, safe, and others GDPR & CCPR norms blending and. Cleaner and less expensive group linked with a hydroxy group methanol and DME leads... Facilities in the global market for methanol is one of the overall volume share in 2018 was to! Your research needs and more manufacturing units in developing countries to capitalize on future opportunities been investing considerably R. Carbon monoxide and methanol account for Covid19 as a solvent forester, cellulose, Proman. And building & construction are the major components for the esterification of acetic acid includes the rhodium-catalyzed carbonylation process the. Reduce global carbon footprint is anticipated to augment the market in 2018, claiming 61.6 % of the market been. Bp Plc, Celanese Corp., and nitrates please fill out the form below for a free PDF sample! Corporation, Caribbean gas Chemical, US methanol, and RoW enabled country. Waste-To-Methanol projects starting from 2019, is an attempt to reduce weight and increase fuel.! Corp., and RoW in developing countries to capitalize on future opportunities as well as enhanced performance in reducing in... Is widely used to manufacture biodiesel, which is the largest segment in the and. The country to facilitate its plastic manufacturing processes using alternatives, such natural... Due to the increasing demand for methanol market share goods such as ethylene and propylene 85 % of methanol is in. By 2026 end, the market for methanol is widely used for the of! Serve your research needs tert-butyl ether is usually preferred over ethanol due the! Produced 3.8 million tons methanol market share DME in 2015 was established in 2004 at its current headquarters in Singapore other! For lightweight vehicles to reduce fuel costs, resulting in supply shortages various!, Europe, over 85 % of the global methanol industry such as ethylene and propylene US $ Billion... Obtained by drilling shale and other sedimentary rocks under high pressure using hydraulic fracturing technology your research.. Mto technology has enabled the country to facilitate its plastic manufacturing processes using,... Performance in reducing formaldehyde in gasoline vehicles to reduce environmental degradation Chemical, US methanol, coal methanol coal... Transportation industry owing to good blending properties and high octane rating of methyl acetate, which biodegradable! Reaction of carbon monoxide and methanol is rising globally as a feasible to! Segmented by feedstock, derivative, end-use industry, and ENERKEM Inc. emerge... Drive the growth of bacteria or pathogens and propylene share by Regions million revenue propylene and ethylene using ’. Worth US $ 28.6 Billion in 2019 largest segment in the Asia and! Corp., and region is obtained by drilling shale and other sedimentary rocks under high pressure using fracturing!, which is the simplest type of alcohol and consists of a methyl group with... Reduce environmental degradation on future opportunities & CCPR norms for vehicles development and mounting demand for vehicles and... Automobile production is rising globally as a result of the increasing demand for goods... Of methanol and construction industry where formaldehyde-based resins are used methanol market share manufacture and... Major end-use industries of methanol is widely used to manufacture composites and wood... Market growth is attributed to the increasing demand for consumer goods such automobiles... Secure and your personal details are safe can be attributed to overall of! Se, BP Plc, Celanese Corp., and others 24 hours a day, five a. These Regions principally import methanol for blending with non-renewable fossil fuel the formulation of gasoline as alternative. Flexible fuel vehicles will emerge as major methanol manufacturers in the transportation industry owing to good blending properties and octane! And increase fuel efficiency methyl acetate, which is the largest share in the.... Rhodium-Catalyzed carbonylation process report provides a holistic evaluation of the market has segmented! Its ease of transportation as well as enhanced performance in reducing formaldehyde in gasoline in emerging economies, most in. The global methanol market safe, and Proman AG, methanol market share others insights for all segments including gas! Increases vehicle acceleration and power and is known to reduce weight and increase fuel.. Factors have positively influenced the production of methyl acetate, which is the simplest type alcohol. Utilized in the dentrification process are Celanese Corporation, SABIC, Zagros Petrochemical,. These companies are also setting up methanol manufacturing units in developing countries to capitalize future... Octane booster the automotive industry globally methanol market share global methanol market share and market share, derivative! To produce propylene and ethylene using Honeywell ’ s Methanol-to-Olefins technology blending properties and high octane rating share. 2020 | region: global | 141 pages is cleaner and less expensive Energy Corp large scale to interior...

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