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PUBLISHER: IMARC | PRODUCT CODE: 1347625

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PUBLISHER: IMARC | PRODUCT CODE: 1347625

North America Methanol Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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Market Overview:

The North America methanol market size reached 9.5 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 14.7 Million Tons by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.

Methanol, also known as wood alcohol, is a colorless, water-soluble liquid with a mild alcoholic odor. It presents an excellent way to store and transport energy conveniently and safely. Methanol is used in fuel cells as a direct reagent or indirectly as a source of hydrogen. In the chemical industry, methanol is used mainly for manufacturing formaldehyde, acetic acid, dimethyl terephthalate (DMT) and other solvents. Similarly, in the energy industry, it is employed in the manufacturing of methyl tertiary butyl ether (MTBE), tertiary amyl methyl ether (TAME), dimethyl ether (DME) and biodiesel.

The North America methanol market is currently being driven by various factors. Methanol offers long term possibilities for reducing greenhouse gas emissions. Therefore, the rising environmental concerns among the consumers have stimulated the usage of methanol as a safer fuel owing to its low rate of evaporation and low radiant heat energy. In addition to this, it biodegrades easily and can be a safer replacement of products such as crude oil, gasoline and diesel fuel. Apart from this, methanol can be manufactured from a variety of carbon-based feedstock such as natural gas, coal and biomass. These raw materials are readily available in the market and thus driving the production of methanol in the region.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the North America methanol market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on application.

Key Regions Analysed

United States

Canada

Analysis for Each Country

Market by Application

Formaldehyde

Dimethyl Ether

Gasoline

Chloromethane

MTBE/TAME

Acetic Acid

Others

Market by Imports and Exports

Imports

Exports

Value Chain Analysis

Key Drivers and Challenges

Porters Five Forces Analysis

Competitive Landscape

Competitive Structure

Key Player Profiles

Key Questions Answered in This Report:

  • How has the North America methanol market performed so far and how will it perform in the coming years?
  • What are the key regions in the North America methanol market?
  • What has been the impact of COVID-19 on the North America methanol market?
  • What is the breakup of the North America methanol market on the basis of application?
  • What are the various stages in the value chain of the North America methanol industry?
  • What are the key driving factors and challenges in the North America methanol industry?
  • What is the structure of the North America methanol industry and who are the key players?
  • What is the degree of competition in the North America methanol industry?
  • What are the profit margins in the North America methanol industry?
Product Code: SR112023A1741

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Physical and Chemical Properties
  • 4.3 Key Industry Trends

5 Global Methanol Market

  • 5.1 Market Performance
  • 5.2 Market Breakup by Application
  • 5.3 Market Breakup by Region
  • 5.4 Market Forecast

6 North America Methanol Market

  • 6.1 Market Performance
  • 6.2 Impact of COVID-19
  • 6.3 Market Forecast

7 North America Methanol Market: Breakup by Application

  • 7.1 Formaldehyde
  • 7.2 Dimethyl Ether
  • 7.3 Gasoline
  • 7.4 Chloromethane
  • 7.5 MTBE/TAME
  • 7.6 Acetic Acid
  • 7.7 Others

8 North America Methanol Market: Imports and Exports

  • 8.1 Imports
  • 8.2 Exports

9 North America Methanol Market: Breakup by Country

  • 9.1 United States
    • 9.1.1 Historical Market Trends
    • 9.1.2 Market Breakup by Application
    • 9.1.3 Market Forecast
  • 9.2 Canada
    • 9.2.1 Historical Market Trends
    • 9.2.2 Market Breakup by Application
    • 9.2.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

  • 11.1 Overview
  • 11.2 Raw Material Mining and Extraction
  • 11.3 Manufacturing
  • 11.4 Distribution
  • 11.5 Export
  • 11.6 End-Use

12 Porter's Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Rivalry
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
Product Code: SR112023A1741

List of Figures

  • Figure 1: North America: Methanol Market: Major Drivers and Challenges
  • Figure 2: Global: Methanol Market: Volume Trends (in Million Tons), 2017-2022
  • Figure 3: Global: Methanol Market: Breakup by Application (in %), 2022
  • Figure 4: Global: Methanol Market: Breakup by Region (in %), 2022
  • Figure 5: Global: Methanol Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 6: North America: Methanol Market: Volume Trends (in Million Tons), 2017-2022
  • Figure 7: North America: Methanol Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 8: North America: Methanol Market: Breakup by Application (in %), 2022
  • Figure 9: North America: Methanol (Formaldehyde) Market: Volume Trends (in Million Tons), 2017 & 2022
  • Figure 10: North America: Methanol (Formaldehyde) Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 11: North America: Methanol (Dimethyl Ether) Market: Volume Trends (in Million Tons), 2017 & 2022
  • Figure 12: North America: Methanol (Dimethyl Ether) Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 13: North America: Methanol (Gasoline) Market: Volume Trends (in Million Tons), 2017 & 2022
  • Figure 14: North America: Methanol (Gasoline) Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 15: North America: Methanol (Chloromethane) Market: Volume Trends (in Million Tons), 2017 & 2022
  • Figure 16: North America: Methanol (Chloromethane) Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 17: North America: Methanol (MTBE/TAME) Market: Volume Trends (in Million Tons), 2017 & 2022
  • Figure 18: North America: Methanol (MTBE/TAME) Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 19: North America: Methanol (Acetic Acid) Market: Volume Trends (in Million Tons), 2017 & 2022
  • Figure 20: North America: Methanol (Acetic Acid) Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 21: North America: Methanol (Other Applications) Market: Volume Trends (in Million Tons), 2017 & 2022
  • Figure 22: North America: Methanol (Other Applications) Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 23: North America: Methanol Market: Import Trends
  • Figure 24: North America: Methanol Market: Export Trends
  • Figure 25: North America: Methanol Market: Breakup by Country (in %), 2022
  • Figure 26: United States: Methanol Market: Volume Trends (in Million Tons), 2017-2022
  • Figure 27: United States: Methanol Market: Breakup by Application (in %), 2022
  • Figure 28: United States: Methanol Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 29: Canada: Methanol Market: Volume Trends (in Million Tons), 2017-2022
  • Figure 30: Canada: Methanol Market: Breakup by Application (in %), 2022
  • Figure 31: Canada: Methanol Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 32: North America: Methanol Industry: SWOT Analysis
  • Figure 33: North America: Methanol Industry: Value Chain Analysis
  • Figure 34: North America: Methanol Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Methanol: Physical Properties
  • Table 2: Methanol: Chemical Properties
  • Table 3: North America: Methanol Market: Key Industry Highlights, 2022 and 2028
  • Table 4: North America: Methanol Market Forecast: Breakup by Application (in Million Tons), 2023-2028
  • Table 5: North America: Methanol Market Forecast: Breakup by Country (in Million Tons), 2023-2028
  • Table 6: North America: Methanol Market: Competitive Structure
  • Table 7: North America: Methanol Market: Key Players
Have a question?
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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