Methanol Market - Global Industry Analysis (2018 - 2021), Growth Trends, and Market Forecast (2022

Description

Methanol continues to be a preferred versatile feedstock for several end-use industries. Flowing methanol uptake by pharmaceuticals, plastics, paints and adhesives, resins, plywood, foams, perfumes, and explosives industries will drive the global methanol market forward. Up from the valuation of nearly US$44.4 Bn registered in the year 2021, global methanol market is expected to grow 1.4x as indicated by a newly released research intelligence study of Fairfield Market Research. Over the recent past, there has been a growing consideration of methanol as an economically viable, and potentially safer, more efficient alternative to conventional marine fuels. This according to the report will work to the advantage of methanol market worldwide. The clean burning potential of methanol is likely to keep building the boom around it against gasoline, says the report. Demonstrating an estimated CAGR of 4.7% over 2022 - 2029, methanol market revenue will most likely reach US$72.9 Bn by 2029 end.

Key Insights and Trends Across Global Methanol Market

Coal slated to remain the top-performing segment based on feedstock, currently holding over 65% market share

Energy & MTO applications poised to register the maximum consumption of methanol, making up for more than 60% market share

Formaldehyde will continue to see an upswing in demand as it sees sustained uptake across the key application areas, including paints and adhesives, automotive, plywood, textile, pesticides, plastics, construction, and personal care

Methanol Market to Witness Dominance of Coal over Other Feedstock Options, Formaldehyde Remains Top-selling Category

Among chemicals, formaldehyde has been the top-selling segment owing to the widespread application base in manufacturing of urea-, melamine-, and phenol formaldehyde resins. With over 20% share in the overall methanol market value, formaldehyde is expected to retain the top spot through the end of 2025. Moreover, formaldehyde is being increasingly considered as an ideal blended fuel candidate, which further strengthens its market potential to a large extent. The report marks coal as the most preferred feedstock based on its cost-competitive attribute. Coal consumption recorded a market share of more than 65% in 2021 and will remain in the bandwagon throughout the period of projection. Application-wise analysis of the market reveals that energy & MTO will continue to represent the most lucrative segment with a share of over 60% in methanol market. Escalating demand for energy-related applications like fuel blending, DME, biodiesel, and MTBE/TAME are expected to play a significant role, says the report.

China's Preeminent Position in Methanol Market Remains Intact

The US methanol market though thrives on the back of automotive applications will reap a significant benefit from the potential applicability of methanol in biodiesel production. China on the other hand continues to represent the global chemical hub and is thus expected to be the largest and most attractive market for methanol manufacturers as well. The report highlights the maximum opportunity in China based on its excellent MTO output that accounts for the lucrative market positioning of northeast Asia in global methanol space. Sustained methanol uptake in manufacturing of light olefins, a growing number of MTO/CTO units, and a host of energy applications are likely to offer a collective impetus to China's methanol market.

Key Market Players:

Methanex Corporation, Proman AG, SABIC, Yankuang Group, Zagros Petrochemical Co., OCI, BASF SE, Celanese Corporation, Sarawak Petchem Sdn. Bhd., Mitsubishi Chemicals, Mitsui & Co., Ltd., Petroliam Nasional Berhad (Petronas), US Methanol, Yankuang Group, Carribean Gas Chemical, Methanol Holdings Limited, Velro Energy Corp., Natgasoline LLC.

1. Executive Summary

1.1. Global Methanol Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Volume, 2021
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Supply Chain Interpretation
2.5. Porter's Five Forces Analysis
2.6. Covid - 19 Impact Analysis
- 2.6.1. Supply
- 2.6.2. Demand
2.7. Impact of Ukraine - Russia Conflict
2.8. Economic Overview
- 2.8.1. GDP per Capita, 2021
- 2.8.2. World Economic Projections
- 2.8.3. Global Construction Output, 2019 - 2030
2.9.PESTLE Analysis

3. Production Output and Trade Statistics

3.1. Global Primary Methanol Production, 2018 - 2021
3.2. Methanol Import Statistics, 2018 - 2021
3.3. Methanol Export Statistics, 2018 - 2021

4. Price Trends Analysis and Future Projects, 2018 - 2029

4.1. Global Average Price Analysis, by Source, US$ per Kg
4.2. Prominent Factors Affecting Methanol Prices
4.3. Global Average Price Analysis, by Region, US$ per Kg

5. Global Methanol Market Outlook, 2018 - 2029

5.1. Global Methanol Market Outlook, by Source, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 5.1.1. Key Highlights
  - 5.1.1.1. Natural Gas
  - 5.1.1.2. Coal
  - 5.1.1.3. Biomass
  - 5.1.1.4. Renewable Electricity
5.2. Global Methanol Market Outlook, by End - users, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 5.2.1. Key Highlights
  - 5.2.1.1. Chemical
    - 5.2.1.1.1. Formaldehyde
    - 5.2.1.1.2. Acetic Acid
    - 5.2.1.1.3. Solvents
    - 5.2.1.1.4. Methyl Methacrylate
    - 5.2.1.1.5. Methylamines
    - 5.2.1.1.6. Misc. (Silicone, Chloromethane, etc.)
  - 5.2.1.2. Energy & MTO
    - 5.2.1.2.1. Methanol - to - Olefins (MTO)
    - 5.2.1.2.2. MTBE/FAME
    - 5.2.1.2.3. Biodiesel
    - 5.2.1.2.4. Dimethyl Ether (DME)
    - 5.2.1.2.5. Fuel Blending
    - 5.2.1.2.6. Marine Fuel
5.3. Global Methanol Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa

6. North America Methanol Market Outlook, 2018 - 2029

6.1. North America Methanol Market Outlook, by Source, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 6.1.1. Key Highlights
  - 6.1.1.1. Natural Gas
  - 6.1.1.2. Coal
  - 6.1.1.3. Biomass
  - 6.1.1.4. Renewable Electricity
6.2. North America Methanol Market Outlook, by End - users, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 6.2.1. Key Highlights
  - 6.2.1.1. Chemical
    - 6.2.1.1.1. Formaldehyde
    - 6.2.1.1.2. Acetic Acid
    - 6.2.1.1.3. Solvents
    - 6.2.1.1.4. Methyl Methacrylate
    - 6.2.1.1.5. Methylamines
    - 6.2.1.1.6. Misc. (Silicone, Chloromethane, etc.)
  - 6.2.1.2. Energy & MTO
    - 6.2.1.2.1. Methanol - to - Olefins (MTO)
    - 6.2.1.2.2. MTBE/FAME
    - 6.2.1.2.3. Biodiesel
    - 6.2.1.2.4. Dimethyl Ether (DME)
    - 6.2.1.2.5. Fuel Blending
  - 6.2.1.3. Marine Fuel
- 6.2.2. Market Attractiveness Analysis
6.3. North America Methanol Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S. Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 6.3.1.2. U.S. Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 6.3.1.3. Canada Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 6.3.1.4. Canada Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Methanol Market Outlook, 2018 - 2029

7.1. Europe Methanol Market Outlook, by Source, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 7.1.1. Key Highlights
  - 7.1.1.1. Natural Gas
  - 7.1.1.2. Coal
  - 7.1.1.3. Biomass
  - 7.1.1.4. Renewable Electricity
7.2. Europe Methanol Market Outlook, by End - users, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 7.2.1. Key Highlights
  - 7.2.1.1. Chemical
    - 7.2.1.1.1. Formaldehyde
    - 7.2.1.1.2. Acetic Acid
    - 7.2.1.1.3. Solvents
    - 7.2.1.1.4. Methyl Methacrylate
    - 7.2.1.1.5. Methylamines
    - 7.2.1.1.6. Misc. (Silicone, Chloromethane, etc.)
  - 7.2.1.2. Energy & MTO
    - 7.2.1.2.1. Methanol - to - Olefins (MTO)
    - 7.2.1.2.2. MTBE/FAME
    - 7.2.1.2.3. Biodiesel
    - 7.2.1.2.4. Dimethyl Ether (DME)
    - 7.2.1.2.5. Fuel Blending
  - 7.2.1.3. Marine Fuel
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Europe Methanol Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 7.3.1.2. Germany Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 7.3.1.3. U.K. Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 7.3.1.4. U.K. Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 7.3.1.5. France Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 7.3.1.6. France Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 7.3.1.7. Italy Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 7.3.1.8. Italy Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 7.3.1.9. Turkey Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 7.3.1.10. Turkey Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 7.3.1.11. Russia Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 7.3.1.12. Russia Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 7.3.1.13. Rest of Europe Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 7.3.1.14. Rest of Europe Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Methanol Market Outlook, 2018 - 2029

8.1. Asia Pacific Methanol Market Outlook, by Source, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 8.1.1. Key Highlights
  - 8.1.1.1. Natural Gas
  - 8.1.1.2. Coal
  - 8.1.1.3. Biomass
  - 8.1.1.4. Renewable Electricity
8.2. Asia Pacific Methanol Market Outlook, by End - users, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 8.2.1. Key Highlights
  - 8.2.1.1. Chemical
    - 8.2.1.1.1. Formaldehyde
    - 8.2.1.1.2. Acetic Acid
    - 8.2.1.1.3. Solvents
    - 8.2.1.1.4. Methyl Methacrylate
    - 8.2.1.1.5. Methylamines
    - 8.2.1.1.6. Misc. (Silicone, Chloromethane, etc.)
  - 8.2.1.2. Energy & MTO
    - 8.2.1.2.1. Methanol - to - Olefins (MTO)
    - 8.2.1.2.2. MTBE/FAME
    - 8.2.1.2.3. Biodiesel
    - 8.2.1.2.4. Dimethyl Ether (DME)
    - 8.2.1.2.5. Fuel Blending
  - 8.2.1.3. Marine Fuel
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Asia Pacific Methanol Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 8.3.1. Key Highlights
  - 8.3.1.1. China Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 8.3.1.2. China Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 8.3.1.3. Japan Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 8.3.1.4. Japan Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 8.3.1.5. South Korea Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 8.3.1.6. South Korea Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 8.3.1.7. India Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 8.3.1.8. India Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 8.3.1.9. Southeast Asia Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 8.3.1.10. Southeast Asia Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 8.3.1.11. Rest of Asia Pacific Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 8.3.1.12. Rest of Asia Pacific Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Methanol Market Outlook, 2018 - 2029

9.1. Latin America Methanol Market Outlook, by Source, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 9.1.1. Key Highlights
  - 9.1.1.1. Natural Gas
  - 9.1.1.2. Coal
  - 9.1.1.3. Biomass
  - 9.1.1.4. Renewable Electricity
9.2. Latin America Methanol Market Outlook, by End - users, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 9.2.1. Key Highlights
  - 9.2.1.1. Chemical
    - 9.2.1.1.1. Formaldehyde
    - 9.2.1.1.2. Acetic Acid
    - 9.2.1.1.3. Solvents
    - 9.2.1.1.4. Methyl Methacrylate
    - 9.2.1.1.5. Methylamines
    - 9.2.1.1.6. Misc. (Silicone, Chloromethane, etc.)
  - 9.2.1.2. Energy & MTO
    - 9.2.1.2.1. Methanol - to - Olefins (MTO)
    - 9.2.1.2.2. MTBE/FAME
    - 9.2.1.2.3. Biodiesel
    - 9.2.1.2.4. Dimethyl Ether (DME)
    - 9.2.1.2.5. Fuel Blending
  - 9.2.1.3. Marine Fuel
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Latin America Methanol Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 9.3.1.2. Brazil Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 9.3.1.3. Mexico Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 9.3.1.4. Mexico Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 9.3.1.5. Rest of Latin America Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 9.3.1.6. Rest of Latin America Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Methanol Market Outlook, 2018 - 2029

10.1. Middle East & Africa Methanol Market Outlook, by Source, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 10.1.1. Key Highlights
  - 10.1.1.1. Natural Gas
  - 10.1.1.2. Coal
  - 10.1.1.3. Biomass
  - 10.1.1.4. Renewable Electricity
10.2. Middle East & Africa Methanol Market Outlook, by End - users, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 10.2.1. Key Highlights
  - 10.2.1.1. Chemical
    - 10.2.1.1.1. Formaldehyde
    - 10.2.1.1.2. Acetic Acid
    - 10.2.1.1.3. Solvents
    - 10.2.1.1.4. Methyl Methacrylate
    - 10.2.1.1.5. Methylamines
    - 10.2.1.1.6. Misc. (Silicone, Chloromethane, etc.)
  - 10.2.1.2. Energy & MTO
    - 10.2.1.2.1. Methanol - to - Olefins (MTO)
    - 10.2.1.2.2. MTBE/FAME
    - 10.2.1.2.3. Biodiesel
    - 10.2.1.2.4. Dimethyl Ether (DME)
    - 10.2.1.2.5. Fuel Blending
    - 10.2.1.2.6. Marine Fuel
- 10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Methanol Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 10.3.1.2. GCC Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 10.3.1.3. South Africa Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 10.3.1.4. South Africa Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 10.3.1.5. Iran Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 10.3.1.6. Iran Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 10.3.1.7. Rest of Middle East & Africa Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
  - 10.3.1.8. Rest of Middle East & Africa Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2029
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Product vs Application Heatmap
11.2. Manufacturer vs Application Heatmap
11.3. Company Market Share Analysis, 2021
11.4. Competitive Dashboard
11.5. Company Profiles
- 11.5.1. Methanex Corporation
  - 11.5.1.1. Company Overview
  - 11.5.1.2. Product Portfolio
  - 11.5.1.3. Financial Overview
  - 11.5.1.4. Business Strategies and Development
- 11.5.2. Proman AG
  - 11.5.2.1. Company Overview
  - 11.5.2.2. Product Portfolio
  - 11.5.2.3. Financial Overview
  - 11.5.2.4. Business Strategies and Development
- 11.5.3. SABIC
  - 11.5.3.1. Company Overview
  - 11.5.3.2. Product Portfolio
  - 11.5.3.3. Financial Overview
  - 11.5.3.4. Business Strategies and Development
- 11.5.4. Yankuang Energy Group Company Limited
  - 11.5.4.1. Company Overview
  - 11.5.4.2. Product Portfolio
  - 11.5.4.3. Financial Overview
  - 11.5.4.4. Business Strategies and Development
- 11.5.5. Zagros Petrochemical Company
  - 11.5.5.1. Company Overview
  - 11.5.5.2. Product Portfolio
  - 11.5.5.3. Financial Overview
  - 11.5.5.4. Business Strategies and Development
- 11.5.6. OCI N.V.
  - 11.5.6.1. Company Overview
  - 11.5.6.2. Product Portfolio
  - 11.5.6.3. Financial Overview
  - 11.5.6.4. Business Strategies and Development
- 11.5.7. PETRONAS Chemicals Group Berhad
  - 11.5.7.1. Company Overview
  - 11.5.7.2. Product Portfolio
  - 11.5.7.3. Financial Overview
  - 11.5.7.4. Business Strategies and Development
- 11.5.8. Mitsubishi Gas Chemical Company, Inc.
  - 11.5.8.1. Company Overview
  - 11.5.8.2. Product Portfolio
  - 11.5.8.3. Business Strategies and Development
- 11.5.9. Celanese Corporation
  - 11.5.9.1. Company Overview
  - 11.5.9.2. Product Portfolio
  - 11.5.9.3. Financial Overview
  - 11.5.9.4. Business Strategies and Development
- 11.5.10. LyondellBasell Industries N.V.
  - 11.5.10.1. Company Overview
  - 11.5.10.2. Product Portfolio
  - 11.5.10.3. Financial Overview
  - 11.5.10.4. Business Strategies and Development
- 11.5.11. Metafrax Chemicals PAO
  - 11.5.11.1. Company Overview
  - 11.5.11.2. Product Portfolio
  - 11.5.11.3. Financial Overview
  - 11.5.11.4. Business Strategies and Development
- 11.5.12. Ningxia Baofeng Energy Group Co. Ltd.
  - 11.5.12.1. Company Overview
  - 11.5.12.2. Product Portfolio
  - 11.5.12.3. Financial Overview
  - 11.5.12.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

Methanol Market - Global Industry Analysis (2018 - 2021), Growth Trends, and Market Forecast (2022 - 2029)