The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic
The global Methanol market is estimated to be USD 20.4 billion in 2020 and is projected to reach USD 26.6 billion by 2025, at a CAGR of 5.5% from 2020 to 2025. Methanol finds applications in various end-use industries such as automotive, construction, electronics, solvents, pharmaceuticals, appliances, packaging, and insulation due to its unique properties. The automotive segment led the methanol market in 2019, accounting for a share of 24.8%, in terms of value
“MTO/MTP is expected to be the fastest growing derivative in the Methanol market during the forecast period.”
T MTO/MTP is the fastest-growing derivative segment in the methanol market. The growth is due to the rise in MTO/CTO plants in China to produce olefins through methanol, as the demand for olefins is growing in the petrochemical industry. The growing demand for methanol is highly attributed to its increasing demand in the automotive and construction end-use industries. These industries together accounted for about 45.4% share of the total market for methanol in 2019.
“Atomotive industry is expected to lead the Methanol market during the forecast period.”
The automotive industry was the largest consumer of methanol, in terms of value, in 2019. The high demand for methanol as an alternative fuel for automotive applications is the main driving factor. During the forecast period, the automotive end-use industry is expected to rise in significance in the methanol market.
“Asia Pacific is the largest market for Methanol.”
APAC is the largest and fastest-growing market of methanol, with China and India being the major emerging markets. The growth can be attributed to the rapidly increasing demand for methanol from the automotive and construction industries. China is a major manufacturer of methanol and had the highest consumption of methanol. It accounted for a share of about 83.6% of the methanol market, in terms of volume, in 2019. The increasing demand for UF/PF resins and increasing methanol usage as an emerging fuel for automotive are the key factors expected to drive the demand for methanol during the forecast period.
This study has been validated through primaries conducted with various industry experts worldwide. These primary sources have been divided into 3 categories, namely by company, by designation, and by region.
- By Company Type- Tier 1- 55%, Tier 2- 20%, and Tier 3- 25%
- By Designation- C Level- 40%, Directors – 35%, and Others - 25%
- By Region- North America- 40%, Europe- 20%, Asia Pacific- 30%, Middle East – 8%, and South America - 2%
The methanol market comprises major solution providers, such as Methanex Corporation (Canada), ), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan), among others. The study includes an in-depth competitive analysis of these key players in the methanol market, with their company profiles, and key market strategies.
The report covers the methanol market based on feedstock, derivatives, sub-derivatives, end-use, and region. This study aims at estimating the size and future growth potential of the market across various segmentation types. It also includes an in-depth competitive analysis of the key market players, along with their profiles and key growth strategies.
Key Benefits of Buying the Report:
- Comprehensive coverage and analysis of the methanol market in Asia Pacific, Europe, North America, Middle East & Africa, and South America
- Competitive landscape of major players and their developments in methanol market
- A list of VOC regulations driving the market in key countries and regions
- Identifying high-potential opportunities for methanol
- Identifying and targeting high-growth application segments