Table of Content

1 INTRODUCTION 64
1.1 STUDY OBJECTIVES 64
1.2 MARKET DEFINITION 64
1.3 INCLUSIONS & EXCLUSIONS 65
TABLE 1 METHANOL MARKET, BY FEEDSTOCK: INCLUSIONS & EXCLUSIONS 65
TABLE 2 METHANOL MARKET, BY DERIVATIVE: INCLUSIONS & EXCLUSIONS 65
TABLE 3 METHANOL MARKET, BY SUB-DERIVATIVE: INCLUSIONS & EXCLUSIONS 66
TABLE 4 METHANOL MARKET, BY END-USE INDUSTRY: INCLUSIONS & EXCLUSIONS 67
TABLE 5 METHANOL MARKET, BY REGION: INCLUSIONS & EXCLUSIONS 68
1.4 MARKET SCOPE 69
1.4.1 MARKETS COVERED 69
FIGURE 1 METHANOL MARKET SEGMENTATION 69
FIGURE 2 METHANOL MARKET: REGIONS COVERED 69
1.4.2 YEARS CONSIDERED 70
1.5 CURRENCY 70
1.6 UNITS CONSIDERED 70
1.7 LIMITATIONS 70
1.8 STAKEHOLDERS 71
1.9 SUMMARY OF CHANGES 71
2 RESEARCH METHODOLOGY 72
2.1 RESEARCH DATA 72
FIGURE 3 METHANOL MARKET: RESEARCH DESIGN 72
2.1.1 SECONDARY DATA 72
2.1.1.1 Key data from secondary sources 73
2.1.2 PRIMARY DATA 74
2.1.2.1 Key data from primary sources 74
2.1.2.2 Companies participating in primary research 74
2.1.2.3 Key industry insights 75
2.1.2.4 Breakdown of primary interviews 75
2.2 MARKET SIZE ESTIMATION 76
2.2.1 GROWTH FORECAST 76
2.3 BASE NUMBER CALCULATION 77
2.3.1 SUPPLY-SIDE APPROACH 77
2.3.2 DEMAND-SIDE APPROACH 78
2.4 RECESSION IMPACT 79
2.5 DATA TRIANGULATION 80
FIGURE 4 METHANOL MARKET: DATA TRIANGULATION 80
2.6 ASSUMPTIONS 81
2.7 RISK ASSESSMENT 81
3 EXECUTIVE SUMMARY 82
TABLE 6 METHANOL MARKET SNAPSHOT, 2023 & 2028 83
FIGURE 5 NATURAL GAS SEGMENT TO LEAD METHANOL MARKET DURING FORECAST PERIOD 84
FIGURE 6 UF/PF RESINS TO DOMINATE METHANOL MARKET 84
FIGURE 7 AUTOMOTIVE SEGMENT TO HOLD LARGEST MARKET SIZE 85
FIGURE 8 ASIA PACIFIC TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD 86
4 PREMIUM INSIGHTS 87
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN METHANOL MARKET 87
FIGURE 9 GROWING DEMAND FOR FUEL AND DOWNSTREAM PETROCHEMICAL PRODUCTS TO DRIVE METHANOL MARKET 87
4.2 METHANOL MARKET, BY DERIVATIVE 87
FIGURE 10 MTO/MTP SEGMENT TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD 87
4.3 ASIA PACIFIC METHANOL MARKET, BY FEEDSTOCK AND COUNTRY 88
FIGURE 11 COAL SEGMENT AND CHINA ACCOUNTED FOR LARGEST SHARES IN ASIA PACIFIC METHANOL MARKET IN 2022 88
4.4 METHANOL MARKET: MAJOR COUNTRIES 88
FIGURE 12 CHINA AND CANADA TO OFFER LUCRATIVE OPPORTUNITIES DURING FORECAST PERIOD 88
5 MARKET OVERVIEW 89
5.1 INTRODUCTION 89
5.2 MARKET DYNAMICS 89
FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN METHANOL MARKET 89
5.2.1 DRIVERS 90
5.2.1.1 Increasing demand for chemicals in Asia Pacific 90
FIGURE 14 TRENDS IN CHEMICAL PRODUCTION (2023–2025) 90
FIGURE 15 GLOBAL METHANOL DEMAND, BY APPLICATION, 2022 91
5.2.1.2 Growing demand from automotive and construction industries 91
TABLE 7 METHANOL AS A FUEL IN LIGHT AUTOMOTIVE APPLICATIONS 92
FIGURE 16 GROWTH IN INFRASTRUCTURE CONSTRUCTION (2020-2030) 92
5.2.2 RESTRAINTS 93
5.2.2.1 Preference for fuel-grade ethanol 93
5.2.3 OPPORTUNITIES 93
5.2.3.1 Use of methanol as alternative fuel in marine and manufacturing industries 93
5.2.4 CHALLENGES 94
5.2.4.1 Capital-intensive environment 94
FIGURE 17 CAPITAL COSTS FOR LARGE-SCALE METHANOL PLANTS (2020) 94
5.2.4.2 Volatility in feedstock prices 95
5.3 PORTER’S FIVE FORCES ANALYSIS 95
FIGURE 18 METHANOL MARKET: PORTER’S FIVE FORCES ANALYSIS 95
TABLE 8 PORTER’S FIVE FORCES ANALYSIS: METHANOL MARKET 96
5.3.1 THREAT OF NEW ENTRANTS 96
5.3.2 THREAT OF SUBSTITUTES 96
5.3.3 BARGAINING POWER OF SUPPLIERS 97
5.3.4 BARGAINING POWER OF BUYERS 97
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 97
5.4 MACROECONOMIC INDICATORS 98
5.4.1 TRENDS AND FORECAST OF REAL GDP 98
TABLE 9 ANNUAL REAL GDP GROWTH: SELECT COUNTRIES, 2020–2024 (%) 98
5.4.2 GLOBAL ELECTRONICS INDUSTRY 98
FIGURE 19 PRODUCTION OF GLOBAL ELECTRONICS AND IT INDUSTRIES (USD BILLION) 99
5.4.3 CONSTRUCTION INDUSTRY 99
TABLE 10 CONSTRUCTION INDUSTRY: GDP CONTRIBUTION, BY COUNTRY, 2014–2019 (USD BILLION) 100
5.4.4 MANUFACTURING INDUSTRY 100
FIGURE 20 GROWTH RATE OF WORLD MANUFACTURING PRODUCTION, BY REGION, 2022 101
5.4.5 OIL & GAS INDUSTRY 101
TABLE 11 GLOBAL OIL & GAS PRICES, USD/BBL (2016–2020) 102
FIGURE 21 GLOBAL OIL DEMAND GROWTH (2016-2021) 102
6 INDUSTRY TRENDS 103
6.1 SUPPLY CHAIN ANALYSIS 103
FIGURE 22 SUPPLY CHAIN ANALYSIS OF METHANOL MARKET 103
TABLE 12 COMPANIES IN METHANOL MARKET SUPPLY CHAIN 104
6.2 VALUE CHAIN ANALYSIS 105
FIGURE 23 VALUE CHAIN ANALYSIS: MAXIMUM VALUE ADDED DURING PRODUCTION PROCESS 105
6.2.1 PROMINENT COMPANIES 106
6.2.2 SMALL & MEDIUM-SIZE ENTERPRISES 106
6.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 106
FIGURE 24 REVENUE SHIFT & NEW REVENUE POCKETS FOR METHANOL MANUFACTURERS 107
6.4 ECOSYSTEM 107
FIGURE 25 ECOSYSTEM MAP FOR METHANOL MARKET 108
6.5 PATENT ANALYSIS 109
6.5.1 METHODOLOGY 109
6.5.2 PATENT PUBLICATION TRENDS 109
FIGURE 26 YEAR-WISE NUMBER OF PATENTS (2014–2022) 109
6.5.3 INSIGHTS 110
6.5.4 JURISDICTION ANALYSIS 110
FIGURE 27 CHINA ACCOUNTED FOR HIGHEST PATENT COUNT 110
6.5.5 TOP COMPANIES/APPLICANTS 111
FIGURE 28 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS 111
6.5.5.1 Major patents 111
6.6 TECHNOLOGY ANALYSIS 112
FIGURE 29 METHANOL: PRODUCTION PROCESS 113
6.7 REGULATORY LANDSCAPE 114
6.7.1 REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 114
6.7.2 REGULATIONS IMPACTING METHANOL MARKET 114
6.8 POTENTIAL OF METHANOL FOR CO2 EMISSION REDUCTION 115
6.8.1 METHANOL AS FUTURE FUEL 115
TABLE 13 ATTRIBUTES OF METHANOL FOR USE AS TRANSPORTATION FUEL 116
6.8.2 LEGISLATIONS DRIVE DEMAND FOR CLEAN FUELS 117
TABLE 14 LEGISLATIONS IN NORTH AMERICA AND EUROPE FOR DEVELOPING ALTERNATIVE FUELS 117
6.8.3 APPLICATIONS FOR CO2 EMISSION CONTROL 118
TABLE 15 COMPARATIVE ANALYSIS OF CO2 EMISSIONS: CURRENT FUELS VS. RENEWABLE FUELS 118
TABLE 16 METHANOL VS. OTHER FUELS 119
6.8.4 FUTURE OUTLOOK 119
6.9 METHANOL PRODUCTION COST ANALYSIS, BY FEEDSTOCK 120
TABLE 17 NATURAL GAS FEEDSTOCK, PRODUCTION COST (USD/TON) 120
TABLE 18 COAL FEEDSTOCK, PRODUCTION COST (USD/TON) 121
TABLE 19 BIOMASS FEEDSTOCK, PRODUCTION COST (USD/TON) 121
TABLE 20 MUNICIPAL SOLID WASTE FEEDSTOCK, PRODUCTION COST (USD/TON) 121
TABLE 21 CO2 FEEDSTOCK, PRODUCTION COST (USD/TON) 122
6.9.1 CONVENTIONAL METHANOL PLANTS 122
6.10 RENEWABLE METHANOL 124
6.10.1 TYPES OF RENEWABLE METHANOL 124
6.10.1.1 Bio-methanol 124
6.10.1.2 E-methanol 124
6.10.2 PRODUCTION PROCESS 124
FIGURE 30 RENEWABLE METHANOL PRODUCTION ROUTES 124
6.10.3 PROS AND CONS OF RENEWABLE METHANOL 125
TABLE 22 PROS AND CONS OF RENEWABLE METHANOL 125
6.10.4 FUTURE MARKET POTENTIAL FOR RENEWABLE METHANOL 125
FIGURE 31 METHANOL PRODUCTION FORECAST (2020 VS. 2050) 126
6.10.5 EXISTING AND PROPOSED RENEWABLE METHANOL PLANTS AND THEIR CAPACITIES 126
6.10.5.1 Bio-methanol from biomass and MSW 126
TABLE 23 GASIFICATION TECHNOLOGIES 126
6.10.5.2 Bio-methanol from biogas 127
TABLE 24 BIO-METHANE TO METHANOL TECHNOLOGIES 127
6.10.5.3 Bio-methanol from wood pulp 128
TABLE 25 WOOD PULP TO BIO-METHANOL TECHNOLOGIES 128
6.10.5.4 Methanol from CO2 (E-Methanol) 128
TABLE 26 EXISTING AND PLANNED E-METHANOL PRODUCTION PLANTS 128
TABLE 27 EXISTING AND PLANNED TECHNOLOGY DEMONSTRATION PLANTS FOR E-METHANOL 129
TABLE 28 TECHNOLOGY PROVIDERS FOR E-METHANOL PRODUCTION 130
6.10.6 CASE STUDY ANALYSIS 131
6.10.6.1 Carbon recycling international obtains renewable methanol from CO2 131
6.10.6.2 Enerkem produces renewable methanol from municipal solid waste 131
6.10.6.3 BIOMCN processes renewable methanol from biogas 131
6.11 KEY CONFERENCES AND EVENTS, 2023 132
TABLE 29 METHANOL MARKET: KEY CONFERENCES AND EVENTS 132
6.12 KEY STAKEHOLDERS AND BUYING CRITERIA 132
6.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 132
FIGURE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES 132
TABLE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES (%) 133
6.12.2 BUYING CRITERIA 133
FIGURE 33 KEY BUYING CRITERIA, BY END-USE INDUSTRY 133
TABLE 31 KEY BUYING CRITERIA, BY END-USE INDUSTRY 133
6.13 AVERAGE SELLING PRICE ANALYSIS 134
FIGURE 34 AVERAGE SELLING PRICE OF METHANOL, BY REGION (USD/MT) 134
TABLE 32 AVERAGE PRICES OF METHANOL, BY REGION (USD/MT) 134
TABLE 33 AVERAGE PRICES OF METHANOL, BY FEEDSTOCK (USD/MT) 134
TABLE 34 AVERAGE PRICES OF METHANOL, BY END-USE INDUSTRY (USD/MT) 135
7 METHANOL MARKET, BY FEEDSTOCK 136
7.1 INTRODUCTION 137
FIGURE 35 NATURAL GAS TO LEAD MARKET DURING FORECAST PERIOD (USD MILLION) 137
TABLE 35 METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (USD MILLION) 137
TABLE 36 METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (USD MILLION) 137
TABLE 37 METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (THOUSAND METRIC TONS) 138
TABLE 38 METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (THOUSAND METRIC TONS) 138
7.2 COAL 138
7.2.1 SUSTAINABLE RAW MATERIAL FOR LARGE-SCALE METHANOL PRODUCTION 138
TABLE 39 COAL: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 139
TABLE 40 COAL: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 139
TABLE 41 COAL: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 139
TABLE 42 COAL: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 140
7.3 NATURAL GAS 140
7.3.1 PREFERRED FEEDSTOCK FOR METHANOL PRODUCTION 140
TABLE 43 NATURAL GAS: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 140
TABLE 44 NATURAL GAS: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 141
TABLE 45 NATURAL GAS: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 141
TABLE 46 NATURAL GAS: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 141
7.4 OTHERS 142
TABLE 47 OTHER FEEDSTOCK: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 142
TABLE 48 OTHER FEEDSTOCK: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 142
TABLE 49 OTHER FEEDSTOCK: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 143
TABLE 50 OTHER FEEDSTOCK: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 143
8 METHANOL MARKET, BY DERIVATIVE 144
8.1 INTRODUCTION 145
FIGURE 36 FORMALDEHYDE SEGMENT TO LEAD METHANOL MARKET (USD MILLION) 145
TABLE 51 METHANOL MARKET, BY DERIVATIVE, 2016–2022 (USD MILLION) 146
TABLE 52 METHANOL MARKET, BY DERIVATIVE, 2023–2028 (USD MILLION) 146
TABLE 53 METHANOL MARKET, BY DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 147
TABLE 54 METHANOL MARKET, BY DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 147
8.2 FORMALDEHYDE 148
8.2.1 GROWING DEMAND FROM CONSTRUCTION INDUSTRY 148
TABLE 55 FORMALDEHYDE: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 148
TABLE 56 FORMALDEHYDE: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 149
TABLE 57 FORMALDEHYDE: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 149
TABLE 58 FORMALDEHYDE: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 149
8.3 GASOLINE 150
8.3.1 INCREASING USE IN TRANSPORTATION SECTOR 150
TABLE 59 GASOLINE: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 150
TABLE 60 GASOLINE: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 150
TABLE 61 GASOLINE: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 151
TABLE 62 GASOLINE: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 151
8.4 METHANOL-TO-OLEFINS/METHANOL-T0-PROPYLENE (MTO/MTP) 151
8.4.1 HIGH DEMAND FOR PLASTICS IN END-USE INDUSTRIES 151
TABLE 63 MTO/MTP: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 152
TABLE 64 MTO/MTP: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 152
TABLE 65 MTO/MTP: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 152
TABLE 66 MTO/MTP: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 153
8.5 METHYL TERT-BUTYL ETHER (MTBE) 153
8.5.1 HIGH DEMAND FROM CHINA FOR USE ACROSS INDUSTRIES 153
TABLE 67 METHYL TERT-BUTYL ETHER (MTBE): METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 153
TABLE 68 METHYL TERT-BUTYL ETHER (MTBE): METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 154
TABLE 69 METHYL TERT-BUTYL ETHER (MTBE): METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 154
TABLE 70 METHYL TERT-BUTYL ETHER (MTBE): METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 154
8.6 ACETIC ACID 155
8.6.1 IMPORTANT RAW MATERIAL FOR DOWNSTREAM CHEMICALS 155
TABLE 71 ACETIC ACID: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 155
TABLE 72 ACETIC ACID: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 155
TABLE 73 ACETIC ACID: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 156
TABLE 74 ACETIC ACID: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 156
8.7 DIMETHYL ETHER (DME) 156
8.7.1 GROWING DEMAND FOR HEATING AND COOKING PURPOSES 156
TABLE 75 DIMETHYL ETHER (DME): METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 157
TABLE 76 DIMETHYL ETHER (DME): METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 157
TABLE 77 DIMETHYL ETHER (DME): METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 157
TABLE 78 DIMETHYL ETHER (DME): METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 158
8.8 METHYL METHACRYLATE (MMA) 158
8.8.1 HIGH CONSUMPTION IN ELECTRONICS INDUSTRY 158
TABLE 79 METHYL METHACRYLATE (MMA): METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 158
TABLE 80 METHYL METHACRYLATE (MMA): METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 159
TABLE 81 METHYL METHACRYLATE (MMA): METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 159
TABLE 82 METHYL METHACRYLATE (MMA): METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 159
8.9 BIODIESEL 160
8.9.1 SLOW GROWTH DUE TO VARYING GOVERNMENT POLICIES 160
TABLE 83 BIODIESEL: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 160
TABLE 84 BIODIESEL: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 160
TABLE 85 BIODIESEL: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 161
TABLE 86 BIODIESEL: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 161
8.10 OTHERS 161
TABLE 87 OTHER DERIVATIVES: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 162
TABLE 88 OTHER DERIVATIVES: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 162
TABLE 89 OTHER DERIVATIVES: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 162
TABLE 90 OTHER DERIVATIVES: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 163
9 METHANOL MARKET, BY SUB-DERIVATIVE 164
9.1 INTRODUCTION 165
FIGURE 37 UF/PF RESINS SEGMENT TO LEAD METHANOL MARKET DURING FORECAST PERIOD 165
TABLE 91 METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (USD MILLION) 166
TABLE 92 METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (USD MILLION) 166
TABLE 93 METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 167
TABLE 94 METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 167
9.2 GASOLINE ADDITIVES 168
9.2.1 RAPID GROWTH OF AUTOMOTIVE INDUSTRY TO FUEL DEMAND 168
TABLE 95 GASOLINE ADDITIVES: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 168
TABLE 96 GASOLINE ADDITIVES: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 168
TABLE 97 GASOLINE ADDITIVES: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 169
TABLE 98 GASOLINE ADDITIVES: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 169
9.3 OLEFINS 169
9.3.1 GROWING DEMAND FROM CHINA TO DRIVE METHANOL MARKET 169
TABLE 99 OLEFINS: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 170
TABLE 100 OLEFINS: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 170
TABLE 101 OLEFINS: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 170
TABLE 102 OLEFINS: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 171
9.4 UF/PF RESINS 171
9.4.1 WIDESPREAD USE ACROSS VARIED APPLICATIONS 171
TABLE 103 UF/PF RESINS: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 171
TABLE 104 UF/PF RESINS: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 172
TABLE 105 UF/PF RESINS: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 172
TABLE 106 UF/PF RESINS: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 172
9.5 VINYL ACETATE MONOMER (VAM) 173
9.5.1 HIGH DEMAND FROM CONSTRUCTION INDUSTRY 173
TABLE 107 VAM: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 173
TABLE 108 VAM: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 173
TABLE 109 VAM: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 174
TABLE 110 VAM: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 174
9.6 POLYACETALS 174
9.6.1 INCREASING DEMAND FROM AUTOMOTIVE INDUSTRY IN EMERGING ECONOMIES 174
TABLE 111 POLYACETALS: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 175
TABLE 112 POLYACETALS: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 175
TABLE 113 POLYACETALS: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 175
TABLE 114 POLYACETALS: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 176
9.7 FUELS 176
9.7.1 RISING PREFERENCE FOR METHANOL AS ALTERNATIVE FUEL 176
TABLE 115 FUELS: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 176
TABLE 116 FUELS: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 177
TABLE 117 FUELS: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 177
TABLE 118 FUELS: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 177
9.8 METHYLENE DIPHENYL DIISOCYANATE (MDI) 178
9.8.1 GROWING DEMAND FROM AUTOMOBILE AND FURNITURE INDUSTRIES 178
TABLE 119 MDI: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 178
TABLE 120 MDI: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 178
TABLE 121 MDI: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 179
TABLE 122 MDI: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 179
9.9 ACETATE ESTER 179
9.9.1 GROWTH IN AUTOMOTIVE AND PAINTS & COATINGS INDUSTRIES TO DRIVE DEMAND 179
TABLE 123 ACETATE ESTER: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 180
TABLE 124 ACETATE ESTER: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 180
TABLE 125 ACETATE ESTER: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 180
TABLE 126 ACETATE ESTER: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 181
9.10 PURIFIED TEREPHTHALIC ACID (PTA) 181
9.10.1 EXPANSION IN PRODUCTION CAPACITY TO BOOST SEGMENT GROWTH 181
TABLE 127 PTA: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 181
TABLE 128 PTA: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 182
TABLE 129 PTA: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 182
TABLE 130 PTA: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 182
9.11 ACETIC ANHYDRIDE 183
9.11.1 GROWING PHARMACEUTICAL INDUSTRY TO DRIVE MARKET 183
TABLE 131 ACETIC ANHYDRIDE: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 183
TABLE 132 ACETIC ANHYDRIDE: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 183
TABLE 133 ACETIC ANHYDRIDE: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 184
TABLE 134 ACETIC ANHYDRIDE: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 184
9.12 OTHERS 184
TABLE 135 OTHER SUB-DERIVATIVES: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 185
TABLE 136 OTHER SUB-DERIVATIVES: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 185
TABLE 137 OTHER SUB-DERIVATIVES: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 185
TABLE 138 OTHER SUB-DERIVATIVES: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 186
10 METHANOL MARKET, BY END-USE INDUSTRY 187
10.1 INTRODUCTION 188
FIGURE 38 AUTOMOTIVE SEGMENT TO DOMINATE METHANOL MARKET DURING FORECAST PERIOD 188
TABLE 139 METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION) 189
TABLE 140 METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 189
TABLE 141 METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (THOUSAND METRIC TONS) 190
TABLE 142 METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (THOUSAND METRIC TONS) 190
10.2 AUTOMOTIVE 191
10.2.1 RISING DEMAND FOR USE IN MULTIPLE APPLICATIONS 191
TABLE 143 AUTOMOTIVE: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 191
TABLE 144 AUTOMOTIVE: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 192
TABLE 145 AUTOMOTIVE: METHANOL MARKET , BY REGION, 2016–2022 (THOUSAND METRIC TONS) 192
TABLE 146 AUTOMOTIVE: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 192
10.3 CONSTRUCTION 193
10.3.1 HIGH DEMAND FOR UF/PF RESINS AND FORMALDEHYDE-BASED RESINS 193
TABLE 147 CONSTRUCTION: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 193
TABLE 148 CONSTRUCTION: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 193
TABLE 149 CONSTRUCTION: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 194
TABLE 150 CONSTRUCTION: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 194
10.4 ELECTRONICS 194
10.4.1 GROWING DEMAND FOR DIRECT METHANOL FUEL CELLS 194
TABLE 151 ELECTRONICS: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 195
TABLE 152 ELECTRONICS: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 195
TABLE 153 ELECTRONICS: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 195
TABLE 154 ELECTRONICS: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 196
10.5 APPLIANCES 196
10.5.1 INCREASING DEMAND FOR USE IN HOUSEHOLD APPLIANCES 196
TABLE 155 APPLIANCES: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 196
TABLE 156 APPLIANCES: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 197
TABLE 157 APPLIANCES: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 197
TABLE 158 APPLIANCES: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 197
10.6 PAINTS & COATINGS 198
10.6.1 RISING NEED FOR ORGANIC SOLVENTS 198
TABLE 159 PAINTS & COATINGS: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 198
TABLE 160 PAINTS & COATINGS: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 198
TABLE 161 PAINTS & COATINGS: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 199
TABLE 162 PAINTS & COATINGS: METHANOL MARKET , BY REGION, 2023–2028 (THOUSAND METRIC TONS) 199
10.7 INSULATION 199
10.7.1 INCREASING USE OF METHANOL AS AGING MARKER 199
TABLE 163 INSULATION: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 200
TABLE 164 INSULATION: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 200
TABLE 165 INSULATION: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 200
TABLE 166 INSULATION: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 201
10.8 PHARMACEUTICAL 201
10.8.1 RISING DEMAND FOR METHANOL FOR USE AS SOLVENT 201
TABLE 167 PHARMACEUTICAL: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 201
TABLE 168 PHARMACEUTICAL: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 202
TABLE 169 PHARMACEUTICAL: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 202
TABLE 170 PHARMACEUTICAL: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 202
10.9 PACKAGING (PET BOTTLES) 203
10.9.1 GROWING USE OF PET BOTTLES IN VARIOUS END-USE INDUSTRIES 203
TABLE 171 PACKAGING (PET BOTTLES): METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 203
TABLE 172 PACKAGING (PET BOTTLES): METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 203
TABLE 173 PACKAGING (PET BOTTLES): METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 204
TABLE 174 PACKAGING (PET BOTTLES): METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 204
10.10 SOLVENTS 204
10.10.1 INCREASING DEMAND IN PHARMACEUTICAL AND CONSTRUCTION INDUSTRIES 204
TABLE 175 SOLVENTS: METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 205
TABLE 176 SOLVENTS: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 205
TABLE 177 SOLVENTS: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 205
TABLE 178 SOLVENTS: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 206
10.11 OTHERS 206
TABLE 179 OTHER END-USE INDUSTRIES: METHANOL MARKET , BY REGION, 2016–2022 (USD MILLION) 206
TABLE 180 OTHER END-USE INDUSTRIES: METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 206
TABLE 181 OTHER END-USE INDUSTRIES: METHANOL MARKET, BY REGION, 2016–2022 (THOUSAND METRIC TONS) 207
TABLE 182 OTHER END-USE INDUSTRIES: METHANOL MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS) 207
11 METHANOL MARKET, REGIONAL ANALYSIS 208
11.1 INTRODUCTION 209
FIGURE 39 CHINA TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 209
TABLE 183 METHANOL MARKET, BY REGION, 2016–2022 (USD MILLION) 209
TABLE 184 METHANOL MARKET, BY REGION, 2023–2028 (USD MILLION) 210
TABLE 185 METHANOL MARKET, BY REGION, 2016–2022 (MILLION METRIC TONS) 210
TABLE 186 METHANOL MARKET, BY REGION, 2023–2028 (MILLION METRIC TONS) 210
11.2 ASIA PACIFIC 211
11.2.1 IMPACT OF RECESSION 211
FIGURE 40 ASIA PACIFIC: METHANOL MARKET SNAPSHOT 212
TABLE 187 ASIA PACIFIC: METHANOL MARKET, BY COUNTRY, 2016–2022 (USD MILLION) 213
TABLE 188 ASIA PACIFIC: METHANOL MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 213
TABLE 189 ASIA PACIFIC: METHANOL MARKET, BY COUNTRY, 2016–2022 (THOUSAND METRIC TONS) 213
TABLE 190 ASIA PACIFIC: METHANOL MARKET, BY COUNTRY, 2023–2028 (THOUSAND METRIC TONS) 214
TABLE 191 ASIA PACIFIC: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (USD MILLION) 214
TABLE 192 ASIA PACIFIC: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (USD MILLION) 214
TABLE 193 ASIA PACIFIC: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (THOUSAND METRIC TONS) 215
TABLE 194 ASIA PACIFIC: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (THOUSAND METRIC TONS) 215
TABLE 195 ASIA PACIFIC: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (USD MILLION) 215
TABLE 196 ASIA PACIFIC: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (USD MILLION) 216
TABLE 197 ASIA PACIFIC: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 216
TABLE 198 ASIA PACIFIC: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 217
TABLE 199 ASIA PACIFIC: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (USD MILLION) 217
TABLE 200 ASIA PACIFIC: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (USD MILLION) 218
TABLE 201 ASIA PACIFIC: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 218
TABLE 202 ASIA PACIFIC: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 219
TABLE 203 ASIA PACIFIC: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION) 219
TABLE 204 ASIA PACIFIC: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 220
TABLE 205 ASIA PACIFIC: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (THOUSAND METRIC TONS) 220
TABLE 206 ASIA PACIFIC: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (THOUSAND METRIC TONS) 221
11.2.2 CHINA 221
11.2.2.1 Rising demand for chemicals and fuels to propel market 221
TABLE 207 CHINA: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (USD MILLION) 222
TABLE 208 CHINA: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (USD MILLION) 222
TABLE 209 CHINA: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (THOUSAND METRIC TONS) 222
TABLE 210 CHINA: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (THOUSAND METRIC TONS) 222
TABLE 211 CHINA: METHA



11.2.6 INDONESIA 251
11.2.6.1 Government initiatives to encourage methanol production to drive market 251
TABLE 271 INDONESIA: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (USD MILLION) 251
TABLE 272 INDONESIA: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (USD MILLION) 251
TABLE 273 INDONESIA: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (THOUSAND METRIC TONS) 252
TABLE 274 INDONESIA: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (THOUSAND METRIC TONS) 252
TABLE 275 INDONESIA: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (USD MILLION) 252
TABLE 276 INDONESIA: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (USD MILLION) 253
TABLE 277 INDONESIA: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 253
TABLE 278 INDONESIA: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 254
TABLE 279 INDONESIA: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (USD MILLION) 254
TABLE 280 INDONESIA: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (USD MILLION) 255
TABLE 281 INDONESIA: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 255
TABLE 282 INDONESIA: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 256
TABLE 283 INDONESIA: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION) 256
TABLE 284 INDONESIA: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 257
TABLE 285 INDONESIA: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (THOUSAND METRIC TONS) 257
TABLE 286 INDONESIA: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (THOUSAND METRIC TONS) 258
11.2.7 REST OF ASIA PACIFIC 258
TABLE 287 REST OF ASIA PACIFIC: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (USD MILLION) 258
TABLE 288 REST OF ASIA PACIFIC: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (USD MILLION) 259
TABLE 289 REST OF ASIA PACIFIC: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (THOUSAND METRIC TONS) 259
TABLE 290 REST OF ASIA PACIFIC: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (THOUSAND METRIC TONS) 259
TABLE 291 REST OF ASIA PACIFIC: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (USD MILLION) 260
TABLE 292 REST OF ASIA PACIFIC: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (USD MILLION) 260
TABLE 293 REST OF ASIA PACIFIC: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 261
TABLE 294 REST OF ASIA PACIFIC: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 261
TABLE 295 REST OF ASIA PACIFIC: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (USD MILLION) 262
TABLE 296 REST OF ASIA PACIFIC: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (USD MILLION) 262
TABLE 297 REST OF ASIA PACIFIC: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 263
TABLE 298 REST OF ASIA PACIFIC: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 263
TABLE 299 REST OF ASIA PACIFIC: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION) 264
TABLE 300 REST OF ASIA PACIFIC: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 264
TABLE 301 REST OF ASIA PACIFIC: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (THOUSAND METRIC TONS) 265
TABLE 302 REST OF ASIA PACIFIC: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (THOUSAND METRIC TONS) 265
11.3 EUROPE 266
11.3.1 IMPACT OF RECESSION 266
FIGURE 41 EUROPE: METHANOL MARKET SNAPSHOT 266
TABLE 303 EUROPE: METHANOL MARKET, BY COUNTRY, 2016–2022 (USD MILLION) 267
TABLE 304 EUROPE: METHANOL MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 267
TABLE 305 EUROPE: METHANOL MARKET, BY COUNTRY, 2016–2022 (THOUSAND METRIC TONS) 267
TABLE 306 EUROPE: METHANOL MARKET, BY COUNTRY, 2023–2028 (THOUSAND METRIC TONS) 268
TABLE 307 EUROPE: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (USD MILLION) 268
TABLE 308 EUROPE: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (USD MILLION) 268
TABLE 309 EUROPE: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (THOUSAND METRIC TONS) 269
TABLE 310 EUROPE: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (THOUSAND METRIC TONS) 269
TABLE 311 EUROPE: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (USD MILLION) 269
TABLE 312 EUROPE: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (USD MILLION) 270
TABLE 313 EUROPE: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 270
TABLE 314 EUROPE: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 271
TABLE 315 EUROPE: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (USD MILLION) 271
TABLE 316 EUROPE: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (USD MILLION) 272
TABLE 317 EUROPE: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 272
TABLE 318 EUROPE: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 273
TABLE 319 EUROPE: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION) 273
TABLE 320 EUROPE: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 274
TABLE 321 EUROPE: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (THOUSAND METRIC TONS) 274
TABLE 322 EUROPE: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (THOUSAND METRIC TONS) 275
11.3.2 GERMANY 275
11.3.2.1 Increasing use of methanol as fuel to drive market 275
TABLE 323 GERMANY: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (USD MILLION) 275
TABLE 324 GERMANY: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (USD MILLION) 276
TABLE 325 GERMANY: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (THOUSAND METRIC TONS) 276
TABLE 326 GERMANY: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (THOUSAND METRIC TONS) 276
TABLE 327 GERMANY: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (USD MILLION) 277
TABLE 328 GERMANY: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (USD MILLION) 277
TABLE 329 GERMANY: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 278
TABLE 330 GERMANY: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 278
TABLE 331 GERMANY: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (USD MILLION) 279
TABLE 332 GERMANY: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (USD MILLION) 279
TABLE 333 GERMANY: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 280
TABLE 334 GERMANY: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 280
TABLE 335 GERMANY: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION) 281
TABLE 336 GERMANY: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 281
TABLE 337 GERMANY: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (THOUSAND METRIC TONS) 282
TABLE 338 GERMANY: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (THOUSAND METRIC TONS) 282
11.3.3 UK 283
11.3.3.1 High demand from automotive industry to fuel market 283
TABLE 339 UK: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (USD MILLION) 283
TABLE 340 UK: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (USD MILLION) 283
TABLE 341 UK: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (THOUSAND METRIC TONS) 284
TABLE 342 UK: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (THOUSAND METRIC TONS) 284
TABLE 343 UK: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (USD MILLION) 284
TABLE 344 UK: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (USD MILLION) 285
TABLE 345 UK: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 285
TABLE 346 UK: METHANOL MARKET, BY DERIVATIVE, 2023–2028(THOUSAND METRIC TONS) 286
TABLE 347 UK: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (USD MILLION) 286
TABLE 348 UK: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (USD MILLION) 287
TABLE 349 UK: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 287
TABLE 350 UK: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 288
TABLE 351 UK: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION) 288
TABLE 352 UK: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028(USD MILLION) 289
TABLE 353 UK: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (THOUSAND METRIC TONS) 289
TABLE 354 UK: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028(THOUSAND METRIC TONS) 290
11.3.4 FRANCE 290
11.3.4.1 Growing need for biodiesel to increase demand for methanol 290
TABLE 355 FRANCE: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (USD MILLION) 290
TABLE 356 FRANCE: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (USD MILLION) 291
TABLE 357 FRANCE: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (THOUSAND METRIC TONS) 291
TABLE 358 FRANCE: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (THOUSAND METRIC TONS) 291
TABLE 359 FRANCE: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (USD MILLION) 292
TABLE 360 FRANCE: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (USD MILLION) 292
TABLE 361 FRANCE: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 293
TABLE 362 FRANCE: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 293
TABLE 363 FRANCE: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (USD MILLION) 294
TABLE 364 FRANCE: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (USD MILLION) 294
TABLE 365 FRANCE: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 295
TABLE 366 FRANCE: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 295
TABLE 367 FRANCE: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION) 296
TABLE 368 FRANCE: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 296
TABLE 369 FRANCE: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (THOUSAND METRIC TONS) 297
TABLE 370 FRANCE: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (THOUSAND METRIC TONS) 297
11.3.5 RUSSIA 298
11.3.5.1 Large natural gas reserves to fuel market 298
TABLE 371 RUSSIA: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (USD MILLION) 298
TABLE 372 RUSSIA: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (USD MILLION) 298
TABLE 373 RUSSIA: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (THOUSAND METRIC TONS) 299
TABLE 374 RUSSIA: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (THOUSAND METRIC TONS) 299
TABLE 375 RUSSIA: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (USD MILLION) 299
TABLE 376 RUSSIA: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (USD MILLION) 300
TABLE 377 RUSSIA: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 300
TABLE 378 RUSSIA: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 301
TABLE 379 RUSSIA: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (USD MILLION) 301
TABLE 380 RUSSIA: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (USD MILLION) 302
TABLE 381 RUSSIA: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 302
TABLE 382 RUSSIA: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 303
TABLE 383 RUSSIA: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION) 303
TABLE 384 RUSSIA: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 304
TABLE 385 RUSSIA: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (THOUSAND METRIC TONS) 304
TABLE 386 RUSSIA: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (THOUSAND METRIC TONS) 305
11.3.6 TURKEY 305
11.3.6.1 Growing automotive and construction sectors to boost demand 305
TABLE 387 TURKEY: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (USD MILLION) 305
TABLE 388 TURKEY: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (USD MILLION) 306
TABLE 389 TURKEY: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (THOUSAND METRIC TONS) 306
TABLE 390 TURKEY: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (THOUSAND METRIC TONS) 306
TABLE 391 TURKEY: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (USD MILLION) 307
TABLE 392 TURKEY: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (USD MILLION) 307
TABLE 393 TURKEY: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 308
TABLE 394 TURKEY: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 308
TABLE 395 TURKEY: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (USD MILLION) 309
TABLE 396 TURKEY: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (USD MILLION) 309
TABLE 397 TURKEY: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 310
TABLE 398 TURKEY: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 310
TABLE 399 TURKEY: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION) 311
TABLE 400 TURKEY: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 311
TABLE 401 TURKEY: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (THOUSAND METRIC TONS) 312
TABLE 402 TURKEY: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (THOUSAND METRIC TONS) 312
11.3.7 REST OF EUROPE 313
TABLE 403 REST OF EUROPE: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (USD MILLION) 313
TABLE 404 REST OF EUROPE: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (USD MILLION) 313
TABLE 405 REST OF EUROPE: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (THOUSAND METRIC TONS) 313
TABLE 406 REST OF EUROPE: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (THOUSAND METRIC TONS) 314
TABLE 407 REST OF EUROPE: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (USD MILLION) 314
TABLE 408 REST OF EUROPE: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (USD MILLION) 314
TABLE 409 REST OF EUROPE: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 315
TABLE 410 REST OF EUROPE: METHANOL MARKET, BY DERIVATIVE, 2023–2028(THOUSAND METRIC TONS) 315
TABLE 411 REST OF EUROPE: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (USD MILLION) 316
TABLE 412 REST OF EUROPE: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (USD MILLION) 316
TABLE 413 REST OF EUROPE: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 317
TABLE 414 REST OF EUROPE: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 317
TABLE 415 REST OF EUROPE: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION) 318
TABLE 416 REST OF EUROPE: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 318
TABLE 417 REST OF EUROPE: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (THOUSAND METRIC TONS) 319
TABLE 418 REST OF EUROPE: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (THOUSAND METRIC TONS) 319
11.4 NORTH AMERICA 320
11.4.1 RECESSION IMPACT 320
FIGURE 42 NORTH AMERICA: METHANOL MARKET SNAPSHOT 321
TABLE 419 NORTH AMERICA: METHANOL MARKET, BY COUNTRY, 2016–2022 (USD MILLION) 321
TABLE 420 NORTH AMERICA: METHANOL MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 322
TABLE 421 NORTH AMERICA: METHANOL MARKET, BY COUNTRY, 2016–2022 (THOUSAND METRIC TONS) 322
TABLE 422 NORTH AMERICA: METHANOL MARKET, BY COUNTRY, 2023–2028 (THOUSAND METRIC TONS) 322
TABLE 423 NORTH AMERICA: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (USD MILLION) 322
TABLE 424 NORTH AMERICA: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (USD MILLION) 323
TABLE 425 NORTH AMERICA: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (THOUSAND METRIC TONS) 323
TABLE 426 NORTH AMERICA: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (THOUSAND METRIC TONS) 323
TABLE 427 NORTH AMERICA: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (USD MILLION) 324
TABLE 428 NORTH AMERICA: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (USD MILLION) 324
TABLE 429 NORTH AMERICA: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 325
TABLE 430 NORTH AMERICA: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 325
TABLE 431 NORTH AMERICA: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (USD MILLION) 326
TABLE 432 NORTH AMERICA: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (USD MILLION) 326
TABLE 433 NORTH AMERICA: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 327
TABLE 434 NORTH AMERICA: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 327
TABLE 435 NORTH AMERICA: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION) 328
TABLE 436 NORTH AMERICA: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028(USD MILLION) 328
TABLE 437 NORTH AMERICA: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (THOUSAND METRIC TONS) 329
TABLE 438 NORTH AMERICA: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (THOUSAND METRIC TONS) 329
11.4.2 US 330
11.4.2.1 Use of methanol in formaldehyde derivatives to drive market 330
TABLE 439 US: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (USD MILLION) 330
TABLE 440 US: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (USD MILLION) 330
TABLE 441 US: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (THOUSAND METRIC TONS) 331
TABLE 442 US: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (THOUSAND METRIC TONS) 331
TABLE 443 US: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (USD MILLION) 331
TABLE 444 US: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (USD MILLION) 332
TABLE 445 US: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 332
TABLE 446 US: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 333
TABLE 447 US: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (USD MILLION) 333
TABLE 448 US: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (USD MILLION) 334
TABLE 449 US: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 334
TABLE 450 US: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 335
TABLE 451 US: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION) 335
TABLE 452 US: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 336
TABLE 453 US: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (THOUSAND METRIC TONS) 336
TABLE 454 US: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (THOUSAND METRIC TONS) 337
11.4.3 CANADA 337
11.4.3.1 Large and diversified manufacturing sector to fuel market 337
TABLE 455 CANADA: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (USD MILLION) 338
TABLE 456 CANADA: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (USD MILLION) 338
TABLE 457 CANADA: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (THOUSAND METRIC TONS) 338
TABLE 458 CANADA: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (THOUSAND METRIC TONS) 338
TABLE 459 CANADA: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (USD MILLION) 339
TABLE 460 CANADA: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (USD MILLION) 339
TABLE 461 CANADA: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 340
TABLE 462 CANADA: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 340
TABLE 463 CANADA: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (USD MILLION) 341
TABLE 464 CANADA: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (USD MILLION) 341
TABLE 465 CANADA: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 342
TABLE 466 CANADA: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 342
TABLE 467 CANADA: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION) 343
TABLE 468 CANADA: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 343
TABLE 469 CANADA: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (THOUSAND METRIC TONS) 344
TABLE 470 CANADA: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (THOUSAND METRIC TONS) 344
11.4.4 MEXICO 345
11.4.4.1 Growing demand from end-use industries to drive market 345
TABLE 471 MEXICO: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (USD MILLION) 345
TABLE 472 MEXICO: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (USD MILLION) 345
TABLE 473 MEXICO: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (THOUSAND METRIC TONS) 346
TABLE 474 MEXICO: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (THOUSAND METRIC TONS) 346
TABLE 475 MEXICO: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (USD MILLION) 346
TABLE 476 MEXICO: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (USD MILLION) 347
TABLE 477 MEXICO: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 347
TABLE 478 MEXICO: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 348
TABLE 479 MEXICO: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (USD MILLION) 348
TABLE 480 MEXICO: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (USD MILLION) 349
TABLE 481 MEXICO: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 349
TABLE 482 MEXICO: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 350
TABLE 483 MEXICO: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION) 350
TABLE 484 MEXICO: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028(USD MILLION) 351
TABLE 485 MEXICO: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (THOUSAND METRIC TONS) 351
TABLE 486 MEXICO: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (THOUSAND METRIC TONS) 352
11.5 MIDDLE EAST & AFRICA 352
11.5.1 IMPACT OF RECESSION 352
TABLE 487 MIDDLE EAST & AFRICA: METHANOL MARKET, BY COUNTRY, 2016–2022 (USD MILLION) 353
TABLE 488 MIDDLE EAST & AFRICA: METHANOL MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 353
TABLE 489 MIDDLE EAST & AFRICA: METHANOL MARKET, BY COUNTRY, 2016–2022 (THOUSAND METRIC TONS) 353
TABLE 490 MIDDLE EAST & AFRICA: METHANOL MARKET, BY COUNTRY, 2023–2028 (THOUSAND METRIC TONS) 354
TABLE 491 MIDDLE EAST & AFRICA: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (USD MILLION) 354
TABLE 492 MIDDLE EAST & AFRICA: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (USD MILLION) 354
TABLE 493 MIDDLE EAST & AFRICA: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (THOUSAND METRIC TONS) 355
TABLE 494 MIDDLE EAST & AFRICA: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (THOUSAND METRIC TONS) 355
TABLE 495 MIDDLE EAST & AFRICA: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (USD MILLION) 355
TABLE 496 MIDDLE EAST & AFRICA: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (USD MILLION) 356
TABLE 497 MIDDLE EAST & AFRICA: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 356
TABLE 498 MIDDLE EAST & AFRICA: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 357
TABLE 499 MIDDLE EAST & AFRICA: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (USD MILLION) 357
TABLE 500 MIDDLE EAST & AFRICA: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (USD MILLION) 358
TABLE 501 MIDDLE EAST & AFRICA: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 358
TABLE 502 MIDDLE EAST & AFRICA: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 359
TABLE 503 MIDDLE EAST & AFRICA: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION) 359
TABLE 504 MIDDLE EAST & AFRICA: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 360
TABLE 505 MIDDLE EAST & AFRICA: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (THOUSAND METRIC TONS) 360
TABLE 506 MIDDLE EAST & AFRICA: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (THOUSAND METRIC TONS) 361
11.5.2 SAUDI ARABIA 361
11.5.2.1 Capacity expansions and technological advancements to drive market 361
TABLE 507 SAUDI ARABIA: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (USD MILLION) 362
TABLE 508 SAUDI ARABIA: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (USD MILLION) 362
TABLE 509 SAUDI ARABIA: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (THOUSAND METRIC TONS) 362
TABLE 510 SAUDI ARABIA: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (THOUSAND METRIC TONS) 363
TABLE 511 SAUDI ARABIA: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (USD MILLION) 363
TABLE 512 SAUDI ARABIA: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (USD MILLION) 363
TABLE 513 SAUDI ARABIA: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 364
TABLE 514 SAUDI ARABIA: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 364
TABLE 515 SAUDI ARABIA: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (USD MILLION) 365
TABLE 516 SAUDI ARABIA: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (USD MILLION) 365
TABLE 517 SAUDI ARABIA: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 366
TABLE 518 SAUDI ARABIA: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 366
TABLE 519 SAUDI ARABIA: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION) 367
TABLE 520 SAUDI ARABIA: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 367
TABLE 521 SAUDI ARABIA: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (THOUSAND METRIC TONS) 368
TABLE 522 SAUDI ARABIA: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (THOUSAND METRIC TONS) 368
11.5.3 UNITED ARAB EMIRATES (UAE) 369
11.5.3.1 Government initiatives to increase methanol production to fuel market 369
TABLE 523 UAE: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (USD MILLION) 369
TABLE 524 UAE: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (USD MILLION) 369
TABLE 525 UAE: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (THOUSAND METRIC TONS) 370
TABLE 526 UAE: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (THOUSAND METRIC TONS) 370
TABLE 527 UAE: METHANOL MARKET, BY DERIVATIVE, 2023–2028(USD MILLION) 371
TABLE 528 UAE: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 371
TABLE 529 UAE: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 372
TABLE 530 UAE: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (USD MILLION) 372
TABLE 531 UAE: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (USD MILLION) 373
TABLE 532 UAE: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 373
TABLE 533 UAE: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 374
TABLE 534 UAE: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION) 374
TABLE 535 UAE: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 375
TABLE 536 UAE: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (THOUSAND METRIC TONS) 375
TABLE 537 UAE: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (THOUSAND METRIC TONS) 376
11.5.4 REST OF MIDDLE EAST & AFRICA 376
TABLE 538 REST OF MIDDLE EAST & AFRICA: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (USD MILLION) 376
TABLE 539 REST OF MIDDLE EAST & AFRICA: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (USD MILLION) 377
TABLE 540 REST OF MIDDLE EAST & AFRICA: METHANOL MARKET, BY FEEDSTOCK, 2016–2022 (THOUSAND METRIC TONS) 377
TABLE 541 REST OF MIDDLE EAST & AFRICA: METHANOL MARKET, BY FEEDSTOCK, 2023–2028 (THOUSAND METRIC TONS) 377
TABLE 542 REST OF MIDDLE EAST & AFRICA: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (USD MILLION) 378
TABLE 543 REST OF MIDDLE EAST & AFRICA: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (USD MILLION) 378
TABLE 544 REST OF MIDDLE EAST & AFRICA: METHANOL MARKET, BY DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 379
TABLE 545 REST OF MIDDLE EAST & AFRICA: METHANOL MARKET, BY DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 379
TABLE 546 REST OF MIDDLE EAST & AFRICA: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (USD MILLION) 380
TABLE 547 REST OF MIDDLE EAST & AFRICA: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (USD MILLION) 380
TABLE 548 REST OF MIDDLE EAST & AFRICA: METHANOL MARKET, BY SUB-DERIVATIVE, 2016–2022 (THOUSAND METRIC TONS) 381
TABLE 549 REST OF MIDDLE EAST & AFRICA: METHANOL MARKET, BY SUB-DERIVATIVE, 2023–2028 (THOUSAND METRIC TONS) 381
TABLE 550 REST OF MIDDLE EAST & AFRICA: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (USD MILLION) 382
TABLE 551 REST OF MIDDLE EAST & AFRICA: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 382
TABLE 552 REST OF MIDDLE EAST & AFRICA: METHANOL MARKET, BY END-USE INDUSTRY, 2016–2022 (THOUSAND METRIC TONS) 383
TABLE 553 REST OF MIDDLE EAST & AFRICA: METHANOL MARKET, BY END-USE INDUSTRY, 2023–2028 (THOUSAND METRIC TONS) 383