According to the Methanol Institute around 200 water treatment facilities in the US use methanol in the dentrification process. European Union initiation of waste-to-methanol projects starting from 2019, is an attempt to reduce environmental degradation. | Region: Global | 141 pages. 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. 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. Global Methanol Market, by Derivative, 7.2.1 Market Estimates & Forecast, 2016−2023, 7.2.2 Market Estimates & Forecast, by Region, 2016−2023, 7.3.1 Market Estimates & Forecast, 2016−2023, 7.3.2 Market Estimates & Forecast, by Region, 2016−2023, 7.4.1 Market Estimates & Forecast, 2016−2023, 7.4.2 Market Estimates & Forecast, by Region, 2016−2023, 7.5.1 Market Estimates & Forecast, 2016−2023, 7.5.2 Market Estimates & Forecast, by Region, 2016−2023, 7.6.1 Market Estimates & Forecast, 2016−2023, 7.6.2 Market Estimates & Forecast, by Region, 2016−2023, 7.7.1 Market Estimates & Forecast, 2016−2023, 7.7.2 Market Estimates & Forecast, by Region, 2016−2023 These factors have positively influenced the production of MTBE in the region. Approximately 90% of MTBE is typically utilized in the formulation of gasoline as an oxygenate or octane booster. We are in compliance with GDPR & CCPR norms. 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. 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.) 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. Privacy Policy. The methanol market in APAC is expected to hold the largest share by 2027 owing to the APAC’s dominance in the global market, mainly due to the rising demand for methanol and its by-products from the construction, automotive, textile, and furniture industries. In North America and Europe, over 85% of methanol is produced from natural gas. The global methanol market is partially fragmented in nature, with the top eight players accounting for about 41.63% of the global production capacity. Along with qualitative information, this report include the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. Methanol Market highlights the following key factors: A complete background analysis of the industry, which includes an assessment of the parental market. Which is the largest segment in the global methanol market? DME is used as a fuel (diesel) in the passenger vehicle and aerosol propellant and is also blended in Liquefied Natural Gas (LNG). Natural gas is obtained by drilling shale and other sedimentary rocks under high pressure using hydraulic fracturing technology. Download a free sample report now. Asia-Pacific (China, Japan, … Methanol market growth is attributed to the increasing methanol use in filling stations and flexible fuel vehicles. for the forecast years. Significant changes in market dynamics & market overview. Blending it to petrol increases vehicle acceleration and power and is known to reduce fuel costs. 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 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. The global methanol market has been segmented, by derivative, into formaldehyde, acetic acid, dimethyl ether, gasoline, solvents, methanol to olefins, and others. China also produced 3.8 million tons of DME in 2015. This was due to the increasing demand for vehicles development and mounting demand for consumer goods such as automobiles. Please wait while we are processing your request... Methanol Market Size, Share, Analysis, Industry Research Report, 2025, Request discounts available for Start-Ups & Universities. MMSA provides weekly, monthly, quarterly, and annual market advisory services covering all major global methanol … 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 market is anticipated to register CAGR of 5.4%. We stand by our report quality. Please fill out the form below for a free PDF report sample & 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. 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. 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. Formaldehyde dominated the application segment with 24.3% of the overall volume share in 2018. 7. 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 … 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. Some of the key players in the global methanol market are Celanese Corporation (US), BASF SE (Germany), Methanex Corporation (Canada), SABIC (Saudi Arabia), Petroliam Nasional Berhad (PETRONAS), Mitsubishi Gas Chemical Company Inc. (Japan), Valero Marketing and Supply Company (US), Mitsui & Co. Ltd (Japan), Zagros Petrochemical Company (Iran), Sipchem (Saudi Arabia), Simalin Chemical Industries Limited (India), and Solventis (UK). Based on feedstock, the market has been segmented into natural gas, oil, coal, renewable resources, and others. Government initiatives to reduce global carbon footprint is anticipated to augment the market in the future. ID: MRFR/CnM/1232-HCR Based on end-use industry, the market has been segregated into transportation, building and construction, electrical and electronics, packaging, paints and coatings, pharmaceuticals, water treatment, and others. 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. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". The global methanol market has been segmented by feedstock, derivative, end-use industry, and region. 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. Automobile production is rising globally as a result of the increasing demand for lightweight vehicles to reduce carbon emissions. This rise in market value can be attributed to overall growth of the automotive industry globally. The Global Methanol Industry Report gives an elaborate information about the market size, share and analyzes the complete value chain the report also covers the market dynamics enriching business strategists with quality data about the Methanol market. 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. online dashboard trial. 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 … Ltd.), Market Overview, Methanol is a light flammable liquid, which can be produced using natural gas, oil, coal, or renewable resources such as biomass and landfill gas as a feedstock. 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. Major methanol manufacturers in the U.S. are Celanese Corporation, Caribbean Gas Chemical, US Methanol, Natgasoline LLC, and Valero Energy Corp. Methanol is a light flammable liquid, which can be produced using natural gas, oil, coal, or renewable resources such as biomass and landfill gas as a feedstock. 7.8 Methyl-Tert-Butyl-Ether, 7.8.1 Market Estimates & Forecast, 2016−2023, 7.8.2 Market Estimates & Forecast, by Region, 2016−2023 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. China accounted for around 75% of the total methanol production in the region. MMSA was established in 2004 at its current headquarters in Singapore. Global Methanol Market Share, by Derivative, 2017 (%) Regional Analysis. 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. MMSA is a Singapore-based consulting firm that services the global methanol industry. 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. 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. 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 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. Which region holds the largest share in the global methanol market? 4.1 Global Methanol Sales, Revenue and Market Share by Regions. 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. The global methanol market size was estimated to be USD 38.9 billion in 2018 and is forecasted to grow at a CAGR of 9.8 % from 2019 to 2026. Natural gas and coal are the major feedstock for the production of met… This website is secure and your personal details are safe. Global Renewable Methanol Market Share (%) in terms of Value, By Region, in 2019 Europe region dominated the global renewable methanol market in 2019, accounting for 29.4% share in terms of value, followed by … Methanol Market breakdown up to the second or … 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 Global Methanol Market report provides a holistic evaluation of the market for the forecast period. This report has a service guarantee. This, in turn, is estimated to drive the growth of the market for methanol in allied European countries. Methanol is widely used to manufacture biodiesel, which is biodegradable, safe, and produces fewer air pollutants than other fuels. It is widely used as an alternative to fuel in the transportation industry owing to good blending properties and high octane rating. 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. 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. The countries in these regions principally import methanol for blending with non-renewable fossil fuel. The global methanol market has been segmented, by derivative, into formaldehyde, acetic acid, dimethyl ether, gasoline, solvents, methanol to olefins, and others. 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 Market Size, Share & Forecast (2020 - 2025) The size and share of the Global Methanol Market size were worth USD 29.78 Billion in 2020 and are estimated to showcase a CAGR of about 13% between 2020 and 2025. Transportation and building & construction are the major end-use industries of methanol. 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. 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. (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 … Global Methanol Market Share, by Derivative, 2017 (%). 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. Manufacturers operating in the methanol market are striving to respond to the growing demand for the product in automotive, construction, aviation and others. Shape strategic responses through the phases of industry recovery. 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. 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 And RoW an attempt to reduce weight and increase fuel efficiency derivative, end-use,! 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