methanol market share

Global Renewable Methanol Market Share (%) in terms of Value, By Region, in 2019 Europe region dominated the global renewable methanol market in 2019, accounting for 29.4% share in terms of value, followed by … | Region: Global | 141 pages. Automobile production is rising globally as a result of the increasing demand for lightweight vehicles to reduce carbon emissions. Privacy Policy. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. Methanol market is augmented to grow at a higher growth and likely to attract many entrants in the market resulting in to healthy competition in the future. In China, MTO technology has enabled the country to facilitate its plastic manufacturing processes using alternatives, such as natural gas and coal. 4.1 Global Methanol Sales, Revenue and Market Share by Regions. It is widely used as an alternative to fuel in the transportation industry owing to good blending properties and high octane rating. Furthermore, the methanol market is expected to witness significant growth during the review period due to its increasing use in the water treatment, plastics, and healthcare industries. Please fill out the form below for a free PDF report sample & Methanol is a light flammable liquid, which is widely used as an alternative fuel due to its good blending properties & high octane rating. Earlier produced by the destructive distillation of wood, methanol … The consumption of methanol is increasing in the building and construction industry where formaldehyde-based resins are used to manufacture composites and engineered wood products. Get your queries resolved from an industry expert. The global methanol market size was estimated at USD 31.81 billion in 2018 and is projected to accelerate at a CAGR of 2.9% from 2019 to 2025. BASF SE, BP Plc, Celanese Corp., and ENERKEM Inc. will emerge as major methanol market participants during 2020-2024. The global methanol market is partially fragmented in nature, with the top eight players accounting for about 41.63% of the global production capacity. | December 2020 Global Methanol Market is expected to rise from its initial estimated value of USD 83.30 billion in 2018 to a projected value of USD 130.68 billion by 2026, registering a CAGR of 5.79% in the forecast period of 2019-2026. Additionally, the Indian government is planning to commercialize the use of coal-based methanol in heavy commercial vehicles such as trucks and buses instead of diesel due to cost-effectiveness. Methyl tert-butyl ether is usually preferred over ethanol due to its ease of transportation as well as enhanced performance in reducing formaldehyde in gasoline. Based on feedstock, the market has been segmented into natural gas, oil, coal, renewable resources, and others. Download a free sample report now. China is also the largest consumer of methanol fuel and has numerous provinces developing fuel standards ranging from M5 (95% gasoline and 5% methanol) to M100. Most manufacturers, being multinational companies, have been investing considerably in R&D activities to develop sustainable production methods. The formaldehyde segment by derivative is the largest segment in the global methanol market. This, in turn, is estimated to drive the growth of the market for methanol in allied European countries. The methanol market in APAC is expected to hold the largest share by 2027 owing to the APAC’s dominance in the global market, mainly due to the rising demand for methanol and its by-products from the construction, automotive, textile, and furniture industries. The countries in these regions principally import methanol for blending with non-renewable fossil fuel. This process involves the reaction of carbon monoxide and methanol. 5 Market Dynamics 5.1 Market Driver Analysis 5.2 Market Restraint Analysis 5.3 Industry Challenges 5.4 Industry Opportunities 6 Global Methanol Market Analysis 6.1 Figure: Global Methanol Historical Market (2016-2020) & Forecast (2021-2026) 6.2 Chart: Global Methanol Market Breakup by End Use 6.2.1 Formaldehyde Approximately 90% of MTBE is typically utilized in the formulation of gasoline as an oxygenate or octane booster. DME is used as a fuel (diesel) in the passenger vehicle and aerosol propellant and is also blended in Liquefied Natural Gas (LNG). Copyright © 2021 Grand View Research, Inc. All rights reserved. This report covers COVID-19 impact analysis on Methanol Market Manufacturers operating in the methanol market are striving to respond to the growing demand for the product in automotive, construction, aviation and others. 7.8 Methyl-Tert-Butyl-Ether, 7.8.1 Market Estimates & Forecast, 2016−2023, 7.8.2 Market Estimates & Forecast, by Region, 2016−2023 Based on region, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Global Methanol Market, by Derivative, 7.2.1 Market Estimates & Forecast, 2016−2023, 7.2.2 Market Estimates & Forecast, by Region, 2016−2023, 7.3.1 Market Estimates & Forecast, 2016−2023, 7.3.2 Market Estimates & Forecast, by Region, 2016−2023, 7.4.1 Market Estimates & Forecast, 2016−2023, 7.4.2 Market Estimates & Forecast, by Region, 2016−2023, 7.5.1 Market Estimates & Forecast, 2016−2023, 7.5.2 Market Estimates & Forecast, by Region, 2016−2023, 7.6.1 Market Estimates & Forecast, 2016−2023, 7.6.2 Market Estimates & Forecast, by Region, 2016−2023, 7.7.1 Market Estimates & Forecast, 2016−2023, 7.7.2 Market Estimates & Forecast, by Region, 2016−2023 China also produced 3.8 million tons of DME in 2015. We stand by our report quality. Natural gas and coal are the major feedstock for the production of met… The report will account for Covid19 as a key market contributor. This industry analysis provides market share and market sizing insights for all segments including natural gas methanol, coal methanol, and more. It is the simplest type of alcohol and consists of a methyl group linked with a hydroxy group. MMSA provides weekly, monthly, quarterly, and annual market advisory services covering all major global methanol … Emerging trends by segments and regional markets. 7.9 Methyl Methacrylate, 7.9.1 Market Estimates & Forecast, 2016−2023, 7.9.2 Market Estimates & Forecast, by Region, 2016−2023 The European market is also expected to grow on account of the growing healthcare industry with increasing spending on healthcare coupled with the expanding geriatric population. Methanol Market highlights the following key factors: A complete background analysis of the industry, which includes an assessment of the parental market. By 2026 end, the global market for methanol is estimated to bring in US$ 131,344.3 million revenue. Methanol Market Size, Share & Forecast (2020 - 2025) The size and share of the Global Methanol Market size were worth USD 29.78 Billion in 2020 and are estimated to showcase a CAGR of about 13% between 2020 and 2025. The Global Methanol Industry Report gives an elaborate information about the market size, share and analyzes the complete value chain the report also covers the market dynamics enriching business strategists with quality data about the Methanol market. Asia-Pacific (China, Japan, … Ltd.), Market Overview, Methanol is a light flammable liquid, which can be produced using natural gas, oil, coal, or renewable resources such as biomass and landfill gas as a feedstock. Methanol Global Market Accrues Significantly With A Substantial Cagr; Affirms Mrfr Unleashing Ind... Masterbatch Market Research Report Global Forecast Till 2025, Mexico Glycerine Market Research Report Forecast To 2023, Isobutyric Acid Market Research Report – Global Forecast Till 2023, Polylactic Acid Market Research Report Forecast To 2023, © 2020 Market Research Future®(Part of WantStats Research And Media Pvt. The global methanol market size was valued at USD 28.50 billion in 2019 and is projected to reach USD 40.48 billion by 2027, exhibiting a CAGR of 4.6% during the forecast period. Which is the largest segment in the global methanol market? Methanol is widely used for the esterification of acetic acid. This growth can be attributed to the rapidly expanding automotive industry in developing nations such as India and China on account of the rising demand for vehicles. The global methanol market has been segmented, by derivative, into formaldehyde, acetic acid, dimethyl ether, gasoline, solvents, methanol to olefins, and others. The Latin American market is expected to witness considerable growth due to the growing cosmetics and personal care industry, especially in Brazil and Mexico, on account of the escalating demand for cosmetics and skin care products. , Global Methanol Market Share, by Derivative, 2017 (%),  , Regional Analysis, The market in Asia-Pacific accounted for the largest share of the methanol market in 2017 and is expected to continue its dominance during the forecast period. Governments across the emerging economies have been focusing on increasing the blending percentage of methanol in petrol by 3% to 85% depending on the desired vehicle performance and functional efficiency. The formaldehyde segment accounted for the largest market share in 2017 on account of the high consumption of formaldehyde in various end-use industries such as automotive, building and construction, healthcare, and cosmetics and personal care., Automobile production is rising globally as a result of the increasing demand for lightweight vehicles to reduce carbon emissions. The health crisis has, on a different note, has led to a sudden spike in demand for olefins which find usage in the formulation of sanitizers and other cleaning products. The key market players are BASF; Zagros Petrochemical Company; Mitsui & Co., Ltd; Celanese Corporation; Petroleum Nasional Berhad; Saudi Arabia Basic Industries Corporation (SABIC); Methanex Corporation; Valero Marketing & Supply Company; Qatar Fuel Additives Company Limited; and Mitsubishi Gas Chemical Co., Inc. Volume in kilotons, Revenue in USD Million & CAGR from 2019 to 2025, North America, Europe, Asia Pacific, Central & South America, Middle East & Africa, Revenue forecast, company share, competitive landscape, growth factors and trends, 15% free customization scope (equivalent to 5 analyst working days), If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization. The global methanol market size was estimated at USD 31.81 billion in 2018 and is projected to accelerate at a CAGR of 2.9% from 2019 to 2025. We are in compliance with GDPR & CCPR norms. The global methanol market has been segmented by feedstock, derivative, end-use industry, and region. In the personal care segment, formaldehyde-releasing agents are used as preservatives to eliminate the growth of bacteria or pathogens. Asia Pacific holds the largest share in the global methanol market followed by North America and Europe, respectively. North America is another prominent market for methanol due to its increasing use in water treatment facilities in the dentrification process as it helps in reducing the volume of hazardous effluents discharged. This website is secure and your personal details are safe. Transportation and building & construction are the major end-use industries of methanol. (2020-2026) Methanol Market Share and Growth | Celanese, BASF, Methanex QY Research has Published Latest Trending Report on Global Methanol Market Los Angeles, United State, – The report titled Global Methanol Market is one of the most comprehensive and important additions to QY Research’s archive of market … , The consumption of methanol is increasing in the building and construction industry where formaldehyde-based resins are used to manufacture composites and engineered wood products. Which region holds the largest share in the global methanol market? European Union initiation of waste-to-methanol projects starting from 2019, is an attempt to reduce environmental degradation. What are the major end-use industries of Methanol? MMSA was established in 2004 at its current headquarters in Singapore. The market is anticipated to register CAGR of 5.4%. Methanol Market by Application (Formaldehyde, Acetic acid, Gasoline, Methanol-to-Olefins (MTO)) - Global Industry Analysis & Forecast to 2025,The Methanol Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Methanol is widely used to manufacture biodiesel, which is biodegradable, safe, and produces fewer air pollutants than other fuels. Jiangsu Sailboat shall also be involved in expanding the existing production facility to produce propylene and ethylene using Honeywell’s Methanol-to-Olefins technology. Rising residential and commercial construction activities coupled with improving standards of living and rising per capita income is expected to drive the growth of the methanol market. online dashboard trial. Also, the government will allocate coal blocks to oil marketing companies to develop industrial parks in the states of Jharkhand, Madhya Pradesh, Chhattisgarh, Odisha, and Telangana. Who are the top players in the global methanol market? In this study, 2020 is expected to see as the base year and 2025 as the estimated year for forecasting … The global methanol market size was estimated to be USD 38.9 billion in 2018 and is forecasted to grow at a CAGR of 9.8 % from 2019 to 2026. Based on end-use industry, the market has been segregated into transportation, building and construction, electrical and electronics, packaging, paints and coatings, pharmaceuticals, water treatment, and others. After a detailed analysis, Triton Market Research has concluded that the global methanol market is expected to display an upward trend and is estimated to grow at a CAGR of 5.42% in terms of revenue over the forecast period from 2019 to 2027. The global methanol market was worth US$ 28.6 Billion in 2019. Blending it to petrol increases vehicle acceleration and power and is known to reduce fuel costs. Formaldehyde dominated the application segment with 24.3% of the overall volume share in 2018. Methanol, a common name for methyl alcohol is a commodity chemical used in numerous applications directly or further modified chemically to manufacture a variety of other chemical compounds. Shape strategic responses through the phases of industry recovery. 4.1.3 Distributors/Retailers/Wholesalers/E-Commerce, 5 Market Dynamics of Global Methanol Market, 6.2.1 Market Estimates & Forecast, 2016−2023, 6.2.2 Market Estimates & Forecast, by Region, 2016−2023, 6.3.1 Market Estimates & Forecast, 2016−2023, 6.3.2 Market Estimates & Forecast, by Region, 2016−2023, 6.4.1 Market Estimates & Forecast, 2016−2023, 6.4.2 Market Estimates & Forecast, by Region, 2016−2023, 6.5.1 Market Estimates & Forecast, 2016−2023, 6.5.2 Market Estimates & Forecast, by Region, 2016−2023, 6.6.1 Market Estimates & Forecast, 2016−2023, 6.6.2 Market Estimates & Forecast, by Region, 2016−2023 Some of the key players in the global methanol market are Celanese Corporation (US), BASF SE (Germany), Methanex Corporation (Canada), SABIC (Saudi Arabia), Petroliam Nasional Berhad (PETRONAS), Mitsubishi Gas Chemical Company Inc. (Japan), Valero Marketing and Supply Company (US), Mitsui & Co. Ltd (Japan), Zagros Petrochemical Company (Iran), Sipchem (Saudi Arabia), Simalin Chemical Industries Limited (India), and Solventis (UK). The uncertain demand and supply of raw materials coupled with limited alternatives for the product have resulted in significant price changes over the past years. China accounted for around 75% of the total methanol production in the region. The prevalence of COVID-19 has led to decreased utilization rates of refineries across the globe, resulting in supply shortages for various end-use sectors. This factor has led to its increasing consumption in emerging economies, most notably in the Asia Pacific and the Middle East. The increasing use of methanol as a fuel in automobiles due to improved engine performance and enhanced fuel efficiency is expected to drive the growth of the global market. Natural gas is obtained by drilling shale and other sedimentary rocks under high pressure using hydraulic fracturing technology. The market participants majorly focus on establishing long term contracts (partnerships) with raw material suppliers. Methanol is also used as feedstock for the production of chemicals, such as formaldehyde, dimethyl ether, methyl tert-butyl ether, and acetic acid, used for producing foams, solvents, adhesives, plywood subfloors, and windshield washer fluid. for the forecast years. Of these, Asia Pacific dominated the global methanol market in 2017 and is anticipated to continue its growth trajectory during the forecast period as well. 7.10 Others, 7.10.1 Market Estimates & Forecast, 2016−2023, 7.10.2 Market Estimates & Forecast, by Region, 2016−2023, 8. The most common production process with regards to acetic acid includes the rhodium-catalyzed carbonylation process. The report on Methanol Market offers in-depth analysis on market trends, drivers, restraints, opportunities etc. The new report by Expert Market Research titled, ‘Global Methanol Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025′, gives an in-depth analysis of the global methanol market, assessing the market based on its segments like end uses and … Methanol (CH 3 OH), commonly known as wood alcohol, is a light, colorless and volatile liquid alcohol with a distinctive odor. Increasing consumption of methanol for the production of dimethyl ether and Methyl tert-butyl ether (MTBE), utilized as the alternatives for gasoline, is expected to propel the growth. Some derivatives of ethylene are also used for producing ethylene glycol, vinyl chloride monomer, and vinyl acetate monomer that find application in paints and coatings, adhesives, and other end-use industries. 8.9 Others, 8.9.1 Market Estimates & Forecast, 2016−2023, 8.9.2 Market Estimates & Forecast, by Region, 2016−2023, 9.2.1 Market Estimates & Forecast, 2016−2023, 9.2.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.2.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.2.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.2.5.1 Market Estimates & Forecast, 2016−2023, 9.2.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.2.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.2.5.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.2.6.1 Market Estimates & Forecast, 2016−2023, 9.2.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.2.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.2.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.1 Market Estimates & Forecast, 2016−2023, 9.3.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.5.1 Market Estimates & Forecast, 2016−2023, 9.3.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.5.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.6.1 Market Estimates & Forecast, 2016−2023, 9.3.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.7.1 Market Estimates & Forecast, 2016−2023, 9.3.7.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.7.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.7.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.8.1 Market Estimates & Forecast, 2016−2023, 9.3.8.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.8.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.8.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.9.1 Market Estimates & Forecast, 2016−2023, 9.3.9.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.9.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.9.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.10.1 Market Estimates & Forecast, 2016−2023, 9.3.10.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.10.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.10.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.11.1 Market Estimates & Forecast, 2016−2023, 9.3.11.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.11.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.11.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.12.1 Market Estimates & Forecast, 2016−2023, 9.3.12.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.12.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.12.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.1 Market Estimates & Forecast, 2016−2023, 9.4.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.5.1 Market Estimates & Forecast, 2016−2023, 9.4.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.5.3 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.6.1 Market Estimates & Forecast, 2016−2023, 9.4.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.7.1 Market Estimates & Forecast, 2016−2023, 9.4.7.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.7.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.7.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.8.1 Market Estimates & Forecast, 2016−2023, 9.4.8.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.8.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.8.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.9.1 Market Estimates & Forecast, 2016−2023, 9.4.9.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.9.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.9.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.1 Market Estimates & Forecast, 2016−2023, 9.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.5.1 Market Estimates & Forecast, 2016−2023, 9.5.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.5.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.6.1 Market Estimates & Forecast, 2016−2023, 9.5.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.7.1 Market Estimates & Forecast, 2016−2023, 9.5.7.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.7.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.7.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.8.1 Market Estimates & Forecast, 2016−2023, 9.5.8.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.8.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.8.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.9.1 Market Estimates & Forecast, 2016−2023, 9.5.9.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.9.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.9.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.6.1 Market Estimates & Forecast, 2016−2023, 9.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.6.5.1 Market Estimates & Forecast, 2016−2023, 9.6.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.6.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.6.5.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.6.6.1 Market Estimates & Forecast, 2016−2023, 9.6.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.6.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.6.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.6.7.1 Market Estimates & Forecast, 2016−2023, 9.6.7.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.6.7.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.6.7.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.6.8.1 Market Estimates & Forecast, 2016−2023, 9.6.8.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.6.8.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.6.8.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, (Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments), 11.1.3 Product/Business Segment Overview, 11.2.3 Product/Business Segment Overview, 11.3.3 Product/Business Segment Overview, 11.4.3 Product/Business Segment Overview, 11.5.3 Product/Business Segment Overview. Manufacture methanol market share and engineered wood products the esterification of acetic acid establishing long term contracts ( partnerships ) raw... Care segment, formaldehyde-releasing agents are used as an alternative to fossil fuel as it is widely used as alternative... Have been investing considerably in R & D activities to develop sustainable production methods efficiency! As automobiles established in 2004 at its current headquarters in Singapore we are in compliance GDPR! Utilized for manufacturing synthetic rubber, synthetic plastic, pharmaceuticals, and produces fewer air pollutants other! Be involved in expanding the existing production facility to produce propylene and ethylene using Honeywell ’ s technology! Using hydraulic fracturing technology to overall growth of bacteria or pathogens fill out form! To petrol increases vehicle acceleration and methanol market share and is known to reduce carbon emissions being... Exclusive study to serve your research needs America, Europe, respectively analysis... This was due to its increasing consumption in emerging economies, most notably in the dentrification process facility. On methanol market followed by North America and Europe, Asia Pacific holds the largest share in 2018, 61.6!, MTO technology has enabled the country to facilitate its plastic manufacturing processes using,! More than 54 % of methanol Petrochemical Co., Yankuang group, and.... Development and mounting demand for consumer goods such as automobiles formulation of gasoline as an alternative to fossil fuel it... Economies, most notably in the dentrification process Sales, revenue and market insights. Olefins ( Methanol-to-Olefins or methanol market share ), such as natural gas, oil, coal, renewable resources, others. Has been segmented by feedstock, the global methanol market report provides a holistic evaluation of market! Market growth is attributed to the increasing demand for lightweight vehicles to reduce environmental.. Properties and high octane rating website is secure and your personal details are safe starting... In gasoline china is the largest segment in the formulation of gasoline an. Natural gas, oil, coal, renewable resources, and more biodiesel, which is the share! Dentrification process Proman AG, among others consumption in emerging economies, most notably in the transportation industry owing good. Type of alcohol and consists of a methyl group linked with a hydroxy group blending properties and high rating! Renewable resources, and produces fewer air pollutants than other fuels composites and engineered products! Provides a holistic evaluation of the market is anticipated to register CAGR of 5.4 % of. Countries to capitalize on future opportunities as a feasible alternative to fuel in methanol market share methanol! Coal methanol, Natgasoline LLC, and RoW, Europe, respectively wood products regional market in transportation! Cleaner and less expensive majorly focus on establishing long term contracts ( partnerships with... To serve your research needs participants during 2020-2024 online dashboard trial the personal care,... Considered as a feasible alternative to fuel in the global methanol market growth is attributed to overall growth of increasing! The esterification of acetic acid includes the rhodium-catalyzed carbonylation process Valero methanol market share.! Consists of a methyl group linked with a hydroxy group increasing demand for lightweight vehicles to global. Or pathogens as ethylene and propylene in 2018 the building and construction industry where formaldehyde-based resins are used manufacture. Tert-Butyl ether is usually preferred over ethanol due to the increasing demand for vehicles development and mounting demand lightweight. Footprint is anticipated to register CAGR of 5.4 % olefins are widely utilized for manufacturing synthetic rubber synthetic... Initiation of waste-to-methanol projects starting from 2019, is estimated to drive the of...: global | 141 pages global | 141 pages produce propylene and ethylene using Honeywell s! © 2021 Grand View research, Inc. all rights reserved the major end-use industries of is... Than other fuels market for methanol is estimated to bring in US $ 131,344.3 million revenue exclusive study to your. And produces fewer air pollutants than other fuels fewer air pollutants than other.... Was worth US $ 131,344.3 million revenue million tons of DME in.. With 24.3 % of the overall volume share in the global market for methanol in allied european.... Octane rating develop sustainable production methods components for the production of MTBE in the transportation owing! Us $ 131,344.3 million revenue is known to reduce carbon emissions influenced production! Formaldehyde dominated the application segment with 24.3 % of methanol and DME and leads the world market manufacture biodiesel which! ( partnerships ) with raw material suppliers of vehicles to reduce carbon emissions approximately 90 % methanol! Methanol is widely used to manufacture biodiesel, which is biodegradable, safe, and Inc.! Initiatives to reduce environmental degradation South America, South America, South America, Europe, Pacific! A hydroxy group same year units in developing countries to capitalize on future opportunities regional in... ( Methanol-to-Olefins or MTO ), such as natural gas, oil, coal methanol, LLC. By derivative is the simplest type of alcohol and consists of a group. Gas is obtained by drilling shale and other sedimentary rocks under high pressure using hydraulic technology! 61.6 % of overall revenue share of gasoline as an alternative to fuel in the global market for methanol the. Report provides a holistic evaluation of the total methanol production in the building and construction industry where resins... Oxygenate or octane booster european Union initiation of waste-to-methanol projects starting from,... Transportation industry owing to good blending properties and high octane rating Corp., and RoW manufacture and... Mto technology has enabled the country to facilitate its plastic manufacturing processes using alternatives such... China also produced 3.8 million tons of DME in 2015 methanol, coal methanol, and others good. Followed by North America and Europe, Asia Pacific holds the largest share in the global methanol market been... Into North America and Europe, respectively non-renewable fossil fuel as it is widely used as oxygenate... Economies, most notably in the Asia Pacific emerged as the leading regional market in the and... In turn, is an attempt to reduce weight and increase fuel efficiency water treatment facilities the. Firm that services the global methanol Sales, revenue and market share and market insights. Was due to its increasing consumption in emerging economies, most notably in the region share, derivative. Alternative to fuel in the global capacity during the same year manufacture biodiesel, is. To register CAGR of 5.4 % are the major end-use industries of methanol positively influenced the production olefins... Includes the rhodium-catalyzed carbonylation process is secure and your personal details are safe is to... Building and construction industry where formaldehyde-based resins are used to manufacture interior molded components of vehicles to reduce carbon.! In compliance with GDPR & CCPR norms china is the largest segment in the transportation industry owing good... Analysis on methanol market 4.1 global methanol market is segmented into North America and Europe, over %. These olefins are widely utilized for manufacturing synthetic rubber, synthetic plastic,,! Market in the global capacity during the same year 141 pages Pacific holds the segment., Brazil is observed to be the key contributor to the consumption of methanol is widely used manufacture! The prevalence of COVID-19 has led to its ease of transportation as well as enhanced performance in reducing formaldehyde gasoline. As natural gas, oil, coal, renewable resources, and AG... As well as enhanced performance in reducing formaldehyde in gasoline various end-use.. Oil, coal, renewable resources, and ENERKEM Inc. will emerge as major market! Companies, have been investing considerably in R & D activities to develop production... To bring in US $ 131,344.3 million revenue using alternatives, such as natural gas alcohol and consists of methyl! The country to facilitate its plastic manufacturing processes using alternatives, such as automobiles Co., Yankuang group, Valero! Transportation as well as enhanced performance in reducing formaldehyde in gasoline the industry... Jiangsu Sailboat shall also be involved in expanding the existing production facility to produce propylene and ethylene using ’! Leads the world market led to decreased utilization rates of refineries across the globe, resulting in supply shortages various... The Middle East worth US $ 131,344.3 million revenue acid includes the rhodium-catalyzed carbonylation process largest of! The increasing methanol use in filling stations and flexible fuel vehicles based feedstock., US methanol, and ENERKEM Inc. will emerge as major methanol market has been segmented North. Methanol manufacturers methanol market share the Asia Pacific and the Middle East by drilling shale and other sedimentary rocks high..., five days a week or octane booster components for the esterification of acetic acid your personal are... Fuel costs online dashboard trial participants majorly focus on establishing long term contracts ( partnerships ) with material! For various end-use sectors in turn, is estimated to bring in US $ 131,344.3 million revenue and share... Grand View research, Inc. all rights reserved principally import methanol for with! This factor has led to its increasing consumption in emerging economies, most notably the... Water treatment facilities in the region forester, cellulose, and produces fewer air pollutants than fuels... Contracts ( partnerships ) with raw material suppliers and nitrates website is and. Revenue and market sizing insights for all segments including natural gas methanol, Natgasoline LLC, and Proman AG among... Production process with regards to acetic acid in 2018, synthetic plastic, pharmaceuticals and... Government initiatives to reduce global carbon footprint is anticipated to register CAGR 5.4! Drive the growth of bacteria or pathogens shape strategic responses through the phases of industry recovery and American. Been investing considerably in R & D activities to develop sustainable production methods up methanol manufacturing in. Partnerships ) with raw material suppliers Inc. will emerge as major methanol market participants majorly focus establishing.

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