North America Methanol demand stood at 13.52 Million Tonnes in 2020 and is forecast to reach 20.86 Million Tonnes by 2030, growing at a healthy CAGR of 4.35% until 2030. The rising demand for Methanol in North America can be attributed to its increasing adoption across various end-use industries like chemical and petrochemicals, automotive, construction, paints and coatings, etc. Methanol is considered a safer fuel for the environment due to its low evaporation rate and radiant heat. Since Methanol is biodegradable, the chemical is preferred as an ideal replacement for petrochemical derivatives that are toxic and lead to global warming. Besides, enhanced versatility and cost-effectiveness make Methanol a viable alternative to crude oils, which provide the chemical broader growth aspects during the forecast period.
Although the demand for the methanol deteriorated with the onset of the COVID-19 pandemic owing to lockdown restrictions, less mobility, global recession, shutting down of industries, etc., the North America Methanol market bounced back in late 2020 with the increasing demand for the chemical to resume manufacturing options. Besides, the growth of infrastructural development activities is also contributing to the North America Methanol market during the forecast period. The growing inclination of industries towards the use of fuels safe for the environment is likely to add to the growth of the North America Methanol market.
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Years Considered for Analysis:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
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? Installed Capacity By Company:
Installed capacity at a regional level along with the individual capacity of leading players
? Installed Capacity By Location:
Installed capacity at country level
? Installed Capacity By Process:
Installed capacity by different processes
? Installed Capacity By Technology:
Installed capacity by different technologies being used to produce Methanol
? Production By Company: Actual production done by different companies
? Operating Efficiency Company:
Operating efficiency at which different companies are operating their plants
? Demand By End Use: Demand/Sale of Methanol in different end-user industries across the region
? Demand By Sales Channel:
Demand/Sale of Methanol by different sales channels across the region
? Demand By Country: Demand/Sale of Methanol in different countries of the region- United States, Mexico, Canada, Rest of North America
? Demand & Supply Gap: Demand & Supply Gap at the regional level
? Market Share of Leading Players:
Revenue shares of leading players in the region
? News & Deals: Historical & Current News & Deals in the Methanol market
To extract data for the North America Methanol market, the ChemAnalyst team conducts primary research surveys with Methanol manufacturers, suppliers, distributors, wholesalers, and customers, followed by exhaustive secondary research to cross-validate the information being collected through primary research surveys.