PUBLISHER: GlobalData | PRODUCT CODE: 1257339
PUBLISHER: GlobalData | PRODUCT CODE: 1257339
Global methanol capacity is poised to see considerable growth over the next five years, potentially increasing from 171.84 mtpa in 2022 to 302.06.70 mtpa in 2027, registering total growth of 75.8%.
Around 117 planned and announced methanol projects are expected to come online, predominantly in Former Soviet Union, followed by Asia over the upcoming years. Among countries, Iran is expected to lead methanol capacity additions by 2027, followed by Russia and China. Sherwood Energy Ltd, The National Petrochemical Co and China Petrochemical Corp are the top three companies by planned and announced capacity additions globally over the upcoming years.