Market Forecast By Regions (Europe, Asia Pacific, Africa, North America and Latin America), By Feedstock (Natural Gas, Coal, Others), By Derivatives (Gasoline, MTO/MTP, Formaldehyde, Methyl Tertiary Butyl Ether (MTBE), Acetic Acid, Dimethyl Ether (DME), Methyl Methacrylate (MMA), Others), By Sub-Derivatives (Gasoline Additives, Olefins, UF/PF Resins, VAM, Polyacetals, MDI, PTA, Others), By End-Use Industry (Construction, Automotive, Electronics, Appliances, Paints & Coatings, Insulation, Pharmaceuticals, Others) And Competitive Landscape
Product Code: ETC115043 | Publication Date: Sep 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
Global Methanol Market is anticipated to gain sound growth prospects in the coming time zone. Methanol is used as a solvent, alternate fuel, pesticide, and plastic. Plastic has a great utilization in both the automotive and construction industries, therefore the increasing demand of these industries will work as a growth prospectus for the methanol market as well. Furthermore, its use as an adhesive and fuel blending application work as a growth driver of this market. The fastest-growing derivatives of this market are MTO/MTP. Additionally, the availability of renewable methanol and increasing awareness for sustainable energy sources are significant contributors to the growth of this market. Methanol is toxic alcohol, due which it is added with ethyl alcohol to produce a denature alcohol used for industrial applications. If consumed with contaminated alcohol could work as a poison in the human body leading to nausea, heart failure, and various other deadly diseases. Another restrain for the methanol market is the use of fuel grade ethanol, both are alcohol-based fuels and as compared to ethanol methanol is more dangerous. Due to Covid 19, many industries have stopped their manufacturing temporarily, due to the bottleneck supply chain and safety side, which led to the downfall in the demand for methanol in 2020. Now again with proper guidelines, the manufacturers are planning to start production, to fill the gap in the supply chain.
According to 6Wresearch, the Global Methanol Market is likely to witness growth during 2021-2027. The Asia Pacific accumulates the maximum market for methanol, because of the expansion of automotive and constructive industries in this region. China is the biggest manufacturer and consumer of methyl alcohol, followed by North America which has a high demand for fuelling applications such as the production of green fuel and fuel blending. Increasing automotive industries in Europe and increasing constructive industries in Latin America and Middle East Africa, have a significant effect on the methanol market. Furthermore, the key players of this market are explored all over the world some of which are Celanese Corporation (Texas), BASF SE (Germany), and Methanex Corporation (Canada), SABIC (Saudi Arab), PETRONAS (Malaysia). In June 2019, BASF and Sichuan Lutianhua Co. ltd signed MoU to develop a pilot production plant which would decrease the carbon emission and would increase the energy efficiency in producing Dimethyl Ether 9DME) from syngas. Furthermore, in June 2020 Saudi Aramco acquired 70% stakes of SABIC from PIF (Public Investment Fund), which helped in enhancing its presence in the global petrochemical industry, a sector with the highest growth derivative for the methanol market in the future.
Methanol market is segmented on the basis of derivatives and end use industries. By derivatives the market is segmented as Formaldehyde, Methanol-to-Olefins/Methanol-to-Propylene, and other derivatives. Formaldehyde dominates the methanol market by derivatives. Moreover it is the most commercially important one. Additionally, the combination of formaldehyde with varied compounds results into different products which could be used by various industries such as constructive, automotive, consumer products and health care application. The formaldehyde was the largest segment till 2018, whereas now MTO/MTP market is expected to be the fastest growing segment. By End Use industries, the market is segmented as Direct and Indirect. Direct End Use Industries are Automotive, Paints and Coating, Pharmaceuticals and Agriculture, whereas Indirect End Use Industries includes Constructive, Packaging, Electricals and Electronics and other end use industries. The Automotive industry is leading with 24.8% in overall market. This is due to the increasing demand for vehicles development, supported by consumers demand for automobiles. The distribution channel used in this market is offline mode, level 1 in which it is directly transported from manufacturer to consumer industries.
The Global Methanol Market report thoroughly covers the market by product type, distribution channels, and regions including Europe, North America, Latin America and others. Global Methanol Market outlook report provides an unbiased and detailed analysis of the ongoing global Methanol Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
Markets Covered
The Market report covers the following market segments
1. Executive Summary |
2. Introduction |
2.1. Key Highlights of the Report |
2.2. Report Description |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Global Methanol Market Overview |
3.1. Global Country Macro Economic Indicators |
3.2. Global Methanol Market Revenues, 2020 & 2027F |
3.3. Global Methanol Market - Industry Life Cycle |
3.4. Global Methanol Market - Porter's Five Forces |
3.5. Global Methanol Market Revenues Share, By Feedstock, 2020 & 2027F |
3.6. Global Methanol Market Revenues Share, By Derivatives, 2020 & 2027F |
3.7. Global Methanol Market Revenues Share, By Sub Derivatives, 2020 & 2027F |
3.8. Global Methanol Market Revenues Share, By End Use Industry, 2020 & 2027F |
3.9. Global Methanol Market Revenues Share, By Regions, 2020 & 2027F |
4. Global Methanol Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Global Methanol Market Trends |
6. Global Methanol Market, By Type |
6.1. Global Methanol Market, By Feedstock |
6.1.1. Overview and Analysis |
6.1.2. Global Methanol Market Revenues, By Natural Gas, 2017 - 2027F |
6.1.3. Global Methanol Market Revenues, By Coal, 2017 - 2027F |
6.1.4. Global Methanol Market Revenues, By Others, 2017 - 2027F |
6.2. Global Methanol Market, By Derivatives |
6.2.1. Overview and Analysis |
6.2.2. Global Methanol Market Revenues, By Gasoline, 2017 - 2027F |
6.2.3. Global Methanol Market Revenues, By MTO/MTP, 2017 - 2027F |
6.2.4. Global Methanol Market Revenues, By Formaldehyde, 2017 - 2027F |
6.2.5. Global Methanol Market Revenues, By Methyl Tertiary Butyl Ehter (MTBE), 2017 - 2027F |
6.2.6. Global Methanol Market Revenues, By Acetic Acid, 2017 - 2027F |
6.2.7. Global Methanol Market Revenues, By Dimethyl Ehter (DME), 2017 - 2027F |
6.2.8. Global Methanol Market Revenues, By Methyl Methacrylate (MMA), 2017 - 2027F |
6.2.9. Global Methanol Market Revenues, By Others, 2017 - 2027F |
6.3. Global Methanol Market, By Sub Derivatives |
6.3.1. Overview and Analysis |
6.3.2. Global Methanol Market Revenues, By Gasoline Additives, 2017 - 2027F |
6.3.3. Global Methanol Market Revenues, By Olefins, 2017 - 2027F |
6.3.4. Global Methanol Market Revenues, By UF/PF Resins, 2017 - 2027F |
6.3.5. Global Methanol Market Revenues, By VAM, 2017 - 2027F |
6.3.6. Global Methanol Market Revenues, By Polyacetals, 2017 - 2027F |
6.3.7. Global Methanol Market Revenues, By MDA, 2017 - 2027F |
6.3.8. Global Methanol Market Revenues, By PTA, 2017 - 2027F |
6.3.9. Global Methanol Market Revenues, By Others, 2017 - 2027F |
6.4. Global Methanol Market, By End Use Industry |
6.4.1. Overview and Analysis |
6.4.2. Global Methanol Market Revenues, By Construction, 2016 - 2026F |
6.4.4. Global Methanol Market Revenues, By Automotive, 2016 - 2026F |
6.4.4. Global Methanol Market Revenues, By Electronics, 2016 - 2026F |
6.4.5. Global Methanol Market Revenues, By Appliances, 2016 - 2026F |
6.4.6. Global Methanol Market Revenues, By Paints and Coatings, 2016 - 2026F |
6.4.6. Global Methanol Market Revenues, By Insulation, 2016 - 2026F |
6.4.8. Global Methanol Market Revenues, By Pharmaceuticals, 2016 - 2026F |
6.4.9. Global Methanol Market Revenues, By Others, 2016 - 2026F |
7. North America Methanol Market |
7.1. North America Methanol Market, By Feedstock |
7.2. North America Methanol Market, By Derivatives |
7.3. North America Methanol Market, By Sub Derivatives |
7.4. North America Methanol Market, By End Use Industry |
7.5. North America Methanol Market, By Countries |
8. Latin America Methanol Market |
8.1. Latin America Methanol Market, By Feedstock |
8.2. Latin America Methanol Market, By Derivatives |
8.3. Latin America Methanol Market, By Sub Derivatives |
8.4. Latin America Methanol Market, By End Use Industry |
8.5. Latin America Methanol Market, By Countries |
9. Europe Methanol Market |
9.1. Europe Methanol Market, By Feedstock |
9.2. Europe Methanol Market, By Derivatives |
9.3. Europe Methanol Market, By Sub Derivatives |
9.4. Europe Methanol Market, By End Use Industry |
9.5. Europe Methanol Market, By Countries |
10. Middle East Methanol Market |
10.1. Middle East Methanol Market, By Feedstock |
10.2. Middle East Methanol Market, By Derivatives |
10.3. Middle East Methanol Market, By Sub Derivatives |
10.4. Middle East Methanol Market, By End Use Industry |
10.5. Middle East Methanol Market, By Countries |
11. Africa Methanol Market |
11.1. Africa Methanol Market, By Feedstock |
11.2. Africa Methanol Market, By Derivatives |
11.3. Africa Methanol Market, By Sub Derivatives |
11.4. Africa Methanol Market, By End Use Industry |
11.5. Africa Methanol Market, By Countries |
12. Asia Pacific Methanol Market |
12.1. Asia Pacific Methanol Market, By Feedstock |
12.2. Asia Pacific Methanol Market, By Derivatives |
12.3. Asia Pacific Methanol Market, By Sub Derivatives |
12.4. Asia Pacific Methanol Market, By End Use Industry |
12.5. Asia Pacific Methanol Market, By Countries |
13. Global Methanol Market Import-Export Trade Statistics |
13.1. Global Methanol Market Export to Major Countries |
13.2. Global Methanol Market Imports from Major Countries |
14. Global Methanol Market Key Performance Indicators |
15. Global Methanol Market - Opportunity Assessment |
15.1. Global Methanol Market Opportunity Assessment, By Derivatives, 2020 & 2027F |
15.2. Global Methanol Market Opportunity Assessment, By Applications, 2020 & 2027F |
16. Global Methanol Market - Competitive Landscape |
16.1. Global Methanol Market Revenue Share, By Companies, 2020 |
16.2. Global Methanol Market Competitive Benchmarking, By Operating and Technical Parameters |
17. Company Profiles |
18. Recommendations |
19. Disclaimer |