The global Methanol market reached a value of about USD 39.63 billion in 2021. The industry is projected to grow at a CAGR of around 4.3% in the forecast period of 2022-2027 to reach a value of about USD 51.13 billion by 2027.
The global Methanol industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The rising demand for methanol-based fuel is projected to be one of the primary drivers of the methanol industry. Furthermore, the need for methanol to synthesise dimethyl ether and Methyl tert-butyl ether (MTBE), which are used as gasoline substitutes, is further propelling the industry. In the industry report, the key demand indicator is the highest category spender by region—Asia.
Methanol is a chemical known as methyl alcohol and other names. It is the simplest alcohol. It's a flammable, light, volatile, colourless liquid with a pronounced alcoholic odour comparable to ethanol (potable alcohol). It's an organic solvent that's widely utilised. Many types of bacteria create methanol spontaneously, and it can be found in tiny levels in the environment. The Methanol industry report comprises segments by application (Formaldehyde, MTO, Fuel Applications, MTBE, Acetic Acid, MMA, Methylamines), and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).
The Asia-Pacific region holds a significant share in the market due to the extensive use of methanol as the petrochemical sector expands and methanol-based fuels become more prevalent in China, India, and Japan. Furthermore, growing energy and non-renewable energy costs in the global and Chinese markets have maintained the methanol economic advantage. China's abundant coal resources as a feedstock have propelled the country to become the world's largest producer and consumer of methanol.
The methanol market is being driven by the increase in petrochemical demand in APAC. The primary driver of the methanol industry is the usage of petrochemicals in end-use sectors such as automotive and construction. The need for methanol to synthesise dimethyl ether and Methyl tert-butyl ether (MTBE), which are used as gasoline substitutes, is augmenting the market growth. DME is utilised in passenger vehicles as a fuel (diesel) and as an aerosol propellant, and it is also mixed into Liquefied Natural Gas (LNG). Methanol is favoured over gasoline because it emits less carbon monoxide, nitrogen oxides, and hydrocarbons.
However, the harmful effects of methanol exposure are likely to act as a market restraint.
The global Methanol industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Methanol regions, such as engagement models, contract terms, and buyer and supplier negotiation levers.
Methanol is made when carbon monoxide and hydrogen combine over a catalyst. A combination of copper and zinc oxides supported on alumina is now the most extensively used catalyst. The reaction is characterised by excellent selectivity (>99.8%) at 5–10 MPa (50–100 atm) and 250 °C (482 °F). Three moles of hydrogen are generated for each mole of carbon monoxide in the production of synthesis gas from methane. In contrast, the synthesis utilises only two moles of hydrogen gas for every mole of carbon monoxide. Injecting carbon dioxide into the methanol synthesis reactor, where it, too, combines to generate methanol, is one technique to cope with surplus hydrogen. The process begins with converting CO into CO2, which is subsequently hydrogenated, with the H2O byproduct being recycled by the water-gas shift reaction. As a result, the total response is the same as the one described above. A direct supply of hydrogen and CO2 can be utilised similarly to methanol production from synthesis gas. The key benefit of this method is that it can employ collected CO2 and hydrogen from electrolysis, which eliminates the need for fossil fuels. Enzymes such as methane monooxygenases are involved in the catalytic conversion of methane to methanol. These enzymes are mixed-function oxygenases, which means they oxygenate while also producing water and NAD+: Enzymes reliant on Fe and Cu have been identified. Efforts have been made to replicate this responsiveness, but they have mainly failed. Because methanol is more accessible to oxidise than the fuel methane, the reactions aren't always selective. Shilov systems and Fe- and Cu-containing zeolites are examples. These systems don't exactly copy the processes used by metalloenzymes, but they do get some ideas from them. Active sites can differ significantly from those seen in enzymes.
Methanol is a common ingredient in the production of formaldehyde. Formaldehyde is the most basic and economically important aldehyde. It has a broad range of applications in various industries. As a result, it is driving the industry's expansion. Its extensive application in various industries is propelling the methanol industry. It is used as an industrial solvent in manufacturing inks, resins, adhesives, and dyes. It's also utilised to make vital medicinal chemicals and products, including cholesterol medicines, streptomycin, vitamins, and hormones.
The regional markets for the industry can be divided into Europe, North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
The worldwide methanol market is partially fragmented, with the top eight manufacturers controlling around 40% of global production capacity. The main focus of market participants is on forming long-term contracts (partnerships) with raw material suppliers. The majority of manufacturers, being international corporations, have made significant investments in research and development to create sustainable production processes. These corporations are also establishing methanol production facilities in emerging nations to take advantage of future potential.
Key Initiatives by Companies
1. Executive Summary
2. Global Methanol Market Snapshot
2.1. Methanol Market Outlook
2.2. Methanol Industry Analysis by Application
2.2.1. Formaldehyde
2.2.2. MTO
2.2.3. Fuel Applications
2.2.4. MTBE
2.2.5. Acetic Acid
2.2.6. MMA
2.2.7. Methylamines
2.3. Regional Overview
2.3.1. North America
2.3.2. Europe
2.3.3. Asia Pacific
2.3.4. Latin America
2.3.5. MEA
3. Impact of Recent Events
4. Methanol Value Chain Analysis
5. Methanol Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Methanol Cost Structure
9. Methanol Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Methanol Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Feedstock Market Analysis
13.1. Market Overview
13.2. Price Analysis
14. Industry best practices
14.1. Sourcing strategy
14.2. Procurement Model
14.3. Contract Structure
14.4. Negotiation Levers
14.5. Pricing Model
14.6. Key Factors Influencing the Quotation
15. Key Supplier Analysis
15.1. Methanex Corporation
15.2. Ar Razi Saudi Methanol Company
15.3. Methanol (Holdings) Trinidad Ltd. (MHTL)
15.4. Zagros Petrochemical Company
15.5. Shenhua Ningxia Coal Group Corporation Limited
The global Methanol market size was valued at USD 39.63 billion in 2021.
As per the application provided, the Formaldehyde segment is anticipated to lead the market between the period 2022 – 2027.
The significant demand for petrochemical is one of the Methanol market growth essential drivers.
Methanex, Ar Razi, Methanol (Holdings) Trinidad Ltd. (MHTL), Zagros Petrochemical, and Shenhua Ningxia Coal are some of the primary companies in the market.
The Asia region of the Methanol industry holds a significant share in the market.
The global Methanol market attained a value of USD 39.63 billion in 2021, driven by the rising demand for methanol-based fuel. The primary driver of the methanol industry is the usage of petrochemicals in end-use sectors such as automotive and construction. Furthermore, the need for methanol to synthesise dimethyl ether and Methyl tert-butyl ether (MTBE), which are used as gasoline substitutes, is augmenting the market growth. Aided by its wide range of applications such as in the solvent, pharmaceutical industry, etc., the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 4.3%. The market is projected to reach USD 51.13 billion by 2027.
Procurement Resources’ detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise thus, delivering its customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
At Procurement Resource our analysts are selected after they are assessed thoroughly on having required qualities so that they can work effectively and productively and are able to execute projects based on the expectations shared by our clients. Our team is hence, technically exceptional, strategic, pragmatic, well experienced and competent.
We understand the cruciality of high-quality assessments that are important for our clients to take timely decisions and plan strategically. We have been continuously upgrading our tools and resources over the past years to become useful partners for our clientele. Our research methods are supported by most recent technology, our trusted and verified databases that are modified as per the needs help us serve our clients effectively every time and puts them ahead of their competitors.
Our team provides a detailed, high quality and deeply researched evaluations in competitive prices, that are unmatchable, and demonstrates our understanding of our client’s resource composition. These reports support our clientele make important procurement and supply chains choices that further helps them to place themselves ahead of their counterparts. We also offer attractive discounts or rebates on our forth coming reports.
Our vision is to enable our clients with superior quality market assessment and actionable evaluations to assist them with taking timely and right decisions. We are always ready to deliver our clients with maximum results by delivering them with customised suggestions to meet their exact needs within the specified timeline and help them understand the market dynamics in a better way.
Email Delivery Price: $ 999.00
The global Artificial Intelligence market reached a value of about USD 192 Billion in 2021. The industry is projected to grow at a CAGR of around 23% in the forecast period of 2022-2027 to reach a value of about USD 664.86 Billion by 2027.
Read MoreEmail Delivery Price: $ 999.00
The global nutmeg market reached a value of about 130 thousand tonnes in 2021. The industry is further expected to grow at a CAGR of about 6% in the forecast period of 2022-2027 to reach a value of around 180 thousand tonnes by 2027.
Read MoreEmail Delivery Price: $ 999.00
The global HEOR market reached a value of about USD 1364.3 million in 2021. The industry is further expected to grow at a CAGR of about 12.81% in the forecast period of 2022-2027 to reach a value of around USD 2779.2 million by 2027.
Read More