The global Methanol Market share was valued approximately USD 39.63 Billion in the base year of 2021. In 2027, the global Methanol market size is likely to attain a value of around USD 51.13 Billion. The progress of the market throughout the projected years between 2022-2027 will be increasing at a CAGR of 4.3%.
The rising demand for methanol-based fuel is projected to be one of the primary drivers of the methanol market. 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 global Methanol market growth.
In the global Methanol market analysis, Asia (65%) region holds the largest market share.
August 02, 2022- Methanex Corporation recorded gains of USD 125 million or USD 1.41 per share in the second quarter of 2022 compared to USD 107 million or USD 1.31 per share in the prior quarter.
Methanol is a chemical known as methyl alcohol and other names. It is the plainest alcohol. It is a flammable, light, instable, 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 global Methanol market research is classified by application (Formaldehyde, MTO, Fuel Applications, MTBE, Acetic Acid, MMA, Methylamines).
On the basis of region global Methanol market in North America, Europe, Asia Pacific, the Middle East, and Africa, and South America are the categories.
China leads the global production of Methanol & DME. It produces most of its methanol from coal due to the availability of the region's third-largest coal reserves in the world. India is following the country's growth furthering the global Methanol market development. Asia also dominates the greatest number of arranged and announced capacity expansion projects for methanol production at 25. China will account for more than 21.58mtpa by 2026.
Methanol is derived from mixing carbon monoxide and hydrogen across a catalyst. Usually, the combination of copper and zinc oxides kept on alumina is used. In the manufacture of synthesis gas from methane, three moles of hydrogen are produced for every mole of carbon monoxide. 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 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 by-product 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 like methane monooxygenases are engaged in the catalytic transformation of methane to methanol.
Methanol can be used as a raw material in chemicals, including formaldehyde and acetic acid, employed in products like foams, solvents, windshield washer fluid, adhesives, and plywood subfloors.
It is also used as a liquid fuel to power buses, ships, cars, and trucks. It is cheap and sustainable and minimises emissions like nitrogen oxides (NOx), sulphur oxides (SOx), and particulate matter (PM), boosting the global Methanol market demand.
Its chemical properties enable it to increase the boiling point and drop the freezing point of a water-based liquid. Due to the following, it is used as an antifreeze in windshield washer fluid.
The chemical finds application as an industrial solvent to make resins, dyes, inks, and adhesives. It is used as a solvent in manufacturing essential pharmaceutical ingredients and products, including streptomycin, cholesterol, vitamins, and hormones proliferating the global Methanol market Opportunity.
Methanex Corporation - Methanex is the largest producer and supplier of methanol worldwide, established across international markets in the Asia Pacific, South America, North America, and Europe. The company is headquartered in Vancouver, Canada and has operations in Egypt, Trinidad, Canada, Tobago, New Zealand, Chile, and the United States. There are around 1,300 employees in the company managing functions.
Ar Razi Saudi Methanol Company - It is an extension of SABIC based in Saudi Arabia in partnership with the Japanese Mitsubishi Gas Chemical Company.
Methanol (Holdings) Trinidad Ltd. (MHTL) - The company is a functional petrochemical complex based in the County of Caroni, Trinidad, and Tobago. Its commercial operations began in 1984 and had an annual functioning capacity of 5.4mtpa.
Zagros Petrochemical Company - The Company was started to enforce Iran's third social, economic, and cultural development plan founded in 2000 to achieve a significant share in the methanol market.
Shenhua Ningxia Coal Group Corporation Limited - The Company is based in Beijing that offers products and services in Sulphur, Recovered, Ammonia, and Methanol.
1. Executive Summary
2. Global Methanol Market Snapshot
2.1. Methanol Market Outlook
2.2. Methanol Industry Analysis by Application
2.2.3. Fuel Applications
2.2.5. Acetic Acid
2.3. Regional Overview
2.3.1. North America
2.3.3. Asia Pacific
2.3.4. Latin America
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 accumulated value of the market in 2021 was around USD 39.63 billion.
By the forecast year of 2027, the Market is likely to obtain a total value of USD 51.13 billion.
The market is propelling at a CAGR of 4.3%.
Formaldehyde (25%) is the major application segment which is boosting the market.
Methanex, Ar Razi, Methanol (Holdings) Trinidad Ltd. (MHTL), Zagros Petrochemical, Shenhua Ningxia Coal are the leading market players functioning in the global Methanol market report.
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.
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