Methanol Market Forecast to 2028

Report Code : TIPRE00004235 | Region : Global | Industry : Chemicals and Materials | Published Date : 28/Feb/2022
Methanol Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Derivative [Formaldehyde, Acetic Acid, Methanol-to-Olefins (MTO) / Methanol-to-propylene (MTP), Methyl Tertiary-Butyl Ether (MTBE), Methyl Methacrylate (MMA), Biodiesel (Gasoline Blending), Dimethyl Ether (DME), and Others] End-User Industry (Automotive, Construction, Electronics, Packaging, Pharmaceuticals, Paints and Coatings, and Others)

The methanol market is projected to reach US$ 41,974.76 million by 2028 from US$ 28,114.27 million in 2021; it is expected to grow at a CAGR of 5.9% from 2021 to 2028.

Methanol, also known as methyl alcohol, is the simplest from the long series of alcohols, prepared by directly combining carbon monoxide gas and hydrogen in the presence of a catalyst. Methanol is used in fabricating different products such as adhesives, paints and coatings, carpet underlay, wood panels, methanol, fuel system, components, brake pads, paper towels, cosmetics, carpeting, furniture, and cabinets.

Based on derivative, the global methanol market is segmented into formaldehyde, acetic acid, methanol-to-olefins (MTO) / methanol-to-propylene (MTP), methyl tertiary-butyl ether (MTBE), methyl methacrylate (MMA), biodiesel (gasoline blending), dimethyl ether (DME), and others. The formaldehyde segment is anticipated to grow at the highest CAGR during the forecast period. Formaldehyde is a colorless poisonous gas synthesized through methanol oxidation. It is used as an antiseptic, disinfectant, and general-purpose chemical reagent in laboratory applications. Formaldehyde is also widely used in the pharmaceuticals industry in the production of vaccines, anti-infective drugs, and hard-gel capsules. Moreover, formaldehyde finds applications as a preservative in food, medicines, and cosmetics.

Based on geography, the market is segmented into North America, Europe, Asia Pacific, South and Central America, and the Middle East & Africa. In 2020, Asia Pacific accounted for the largest share of the market. Asia-Pacific is one of the major consumers of methanol due to the rise in petrochemicals production in the region. China is the global leader in methanol consumption owing to a sharp rise in the use of methanol in fuel products. The compound is used in the large-scale production of petrochemicals, and the rise in petrochemicals demand is propelling the methanol market growth in this region. Moreover, the use of petrochemicals in end-user industries, such as construction and automotive, is the primary factor driving the methanol market.

The ongoing COVID-19 pandemic has negatively influenced the growth of the methanol market owing to disruptions in construction activities and halt in expansion or new construction of plants and factories. Also, industries such as construction, paints and coating, electronics, and packaging have been affected by sudden disruptions in operational efficiencies and value chains due to the sudden shutdown of national and international boundaries for travel and trade. However, the growing demand for methanol products in the pharmaceuticals industry is anticipated to drive market growth in the coming years.

METHANEX CORPORATION; OCI N.V.; BASF SE; SABIC; MITSUBISHI GAS CHEMICAL COMPANY, INC.; HELM AG; CELANESE CORPORATION; ZAGROS PETROCHEMICAL COMPANY; MITSUI AND CO., LTD.; and LYONDELLBASELL INDUSTRIES HOLDINGS B.V. are among the well-established players operating in the global methanol market.

The overall methanol market size has been derived in accordance with both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants—such as valuation experts, research analysts, and key opinion leaders—specializing in the market.

The List of Companies - Methanol Market

1. Methanex Corporation

2. OCI N.V.

3. BASF SE

4. SABIC

5. Mitsubishi Gas Chemical Company, Inc.

6. HELM AG

7. Cleanse Corporation

8. Zagros Petrochemical Company

9. Mitsui & Co., LTD

10. LYONDELLBASELL INDUSTRIES HOLDINGS B.V

TABLE OF CONTENTS

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

1.2.1 Methanol Market, by Derivative

1.2.2 Methanol Market, by End Use Industry

1.2.3 Methanol Market, by Geography

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

4. Methanol Market Landscape

4.1 Market Overview

4.2 Porter's Five Forces Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Methanol Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing use of Methanol as Feedstock in Various Applications

5.1.2 Rising Application of Methanol in Construction Activities

5.2 Market Restraints

5.2.1 Detrimental Effect of Methanol on Human Health

5.3 Market Opportunities

5.3.1 Growing Adoption of Methanol as Blended Fuel in Transportation Industry

5.4 Future Trends

5.4.1 Rising Trend of Green Methanol

5.5 Impact Analysis

6. Methanol – Global Market Analysis

6.1 Methanol Market Overview

6.2 Methanol Market –Revenue and Forecast to 2028 (US$ Mn)

6.3 Market Positioning – Methanol Market Players

7. Methanol Market Analysis – By Derivative

7.1 Overview

7.2 Methanol Market, By Derivative (2020 and 2028)

7.3 Formaldehyde:

7.3.1 Overview

7.3.2 Formaldehyde: Methanol Market– Revenue and Forecast to 2028 (USD Mn)

7.4 Acetic Acid

7.4.1 Overview

7.4.2 Acetic Acid: Methanol Market– Revenue and Forecast to 2028 (USD Mn)

7.5 Methanol-to-Olefins (MTO)/Methanol-to-Propylene (MTP)

7.5.1 overview

7.5.2 Methanol-to-Olefins (MTO)/Methanol-to-Propylene (MTP): Methanol Market– Revenue and Forecast to 2028 (USD Mn)

7.6 Methyl Tertiary-Butyl Ether (MTBE)

7.6.1 Overview

7.6.2 Methyl tertiary-butyl ether (MTBE): Methanol Market– Revenue and Forecast to 2028 (USD Mn)

7.7 Methyl methacrylate (MMA)

7.7.1 Overview

7.7.2 Methyl methacrylate (MMA): Methanol Market– Revenue and Forecast to 2028 (USD Mn)

7.8 Biodiesel (Gasoline Blending)

7.8.1 Overview

7.8.2 Biodiesel (Gasoline Blending) : Methanol Market– Revenue and Forecast to 2028 (USD Mn)

7.9 Dimethyl Ether (DME)

7.9.1 Overview

7.9.2 Dimethyl ether (DME):Methanol Market– Revenue and Forecast to 2028 (USD Mn)

7.10 Methyl methacrylate (MMA)

7.10.1 Overview

7.10.2 Others: Methanol Market– Revenue and Forecast to 2028 (USD Mn)

8. Methanol Market Analysis – By End-Use

8.1 Overview

8.2 Automotive

8.2.1 Overview

8.2.2 Automotive: Methanol Market – Revenue and Forecast to 2028 (US$ Million)

8.3 Construction

8.3.1 Overview

8.3.2 Construction: Methanol Market – Revenue and Forecast To 2028 (US$ Million)

8.4 Electronics

8.4.1 Overview

8.4.2 Electronics: Market – Revenue, and Forecast to 2028 (US$ Million)

8.5 Packaging

8.5.1 Overview

8.5.2 Packaging: Methanol Market – Revenue and Forecast To 2028 (US$ Million)

8.6 Pharmaceuticals

8.6.1 Overview

8.6.2 Pharmaceuticals: Methanol Market – Revenue and Forecast To 2028 (US$ Million)

8.6.3 Paints and Coatings

8.6.4 Overview

8.6.5 Paints and Coatings: Methanol Market – Revenue and Forecast To 2028 (US$ Million)

8.7 Others

8.7.1 Overview

8.7.2 Others: Methanol Market – Revenue and Forecast To 2028 (US$ Million)

9. Methanol Market – Geographic Analysis

9.1 Overview

9.2 North America: Methanol Market

9.2.1 North America: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.2.2 North America: Methanol Market, by Derivative

9.2.3 North America: Methanol Market, by End Use Industry

9.2.4 North America: Methanol Market, by Key Country

9.2.4.1 US: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.2.4.1.1 US: Methanol Market, by Derivative

9.2.4.1.2 US: Methanol Market, by End Use Industry

9.2.4.2 Canada: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.2.4.2.1 Canada: Methanol Market, by Derivative

9.2.4.2.2 Canada: Methanol Market, by End Use Industry

9.2.4.3 Mexico: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.2.4.3.1 Mexico: Methanol Market, by Derivative

9.2.4.3.2 Mexico: Methanol Market, by End Use Industry

9.3 Europe: Methanol Market

9.3.1 Europe: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.3.2 Europe: Methanol Market, by Derivative

9.3.3 Europe: Methanol Market, by End Use Industry

9.3.4 Europe: Methanol Market, by Key Country

9.3.4.1 Germany: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.1.1 Germany: Methanol Market, by Derivative

9.3.4.1.2 Germany: Methanol Market, by End Use Industry

9.3.4.2 France: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.2.1 France: Methanol Market, by Derivative

9.3.4.2.2 France: Methanol Market, by End Use Industry

9.3.4.3 Italy: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.3.1 Italy: Methanol Market, by Derivative

9.3.4.3.2 Italy: Methanol Market, by End Use Industry

9.3.4.4 UK: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.4.1 UK: Methanol Market, by Derivative

9.3.4.4.2 UK: Methanol Market, by End Use Industry

9.3.4.5 Russia: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.5.1 Russia: Methanol Market, by Derivative

9.3.4.5.2 Russia: Methanol Market, by End Use Industry

9.3.4.6 Rest of Europe: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.6.1 Rest of Europe: Methanol Market, by Derivative

9.3.4.6.2 Rest of Europe: Methanol Market, by End Use Industry

9.4 Asia-Pacific: Methanol Market

9.4.1 Asia-Pacific: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.4.2 Asia-Pacific: Methanol Market, by Derivative

9.4.3 Asia-Pacific: Methanol Market, by End Use Industry

9.4.4 Asia-Pacific: Methanol Market, by Key Country

9.4.4.1 Australia: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.1.1 Australia: Methanol Market, by Derivative

9.4.4.1.2 Australia: Methanol Market, by End Use

9.4.4.2 China: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.2.1 China: Methanol Market, by Derivative

9.4.4.2.2 China: Methanol Market, by End Use

9.4.4.3 India: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.3.1 India: Methanol Market, by Derivative

9.4.4.3.2 India: Methanol Market, by End Use Industry

9.4.4.4 Japan: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.4.1 Japan: Methanol Market, by Derivative

9.4.4.4.2 Japan: Methanol Market, by End Use Industry

9.4.4.5 South Korea: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.5.1 South Korea: Methanol Market, by Derivative

9.4.4.5.2 South Korea: Methanol Market, by End Use Industry

9.4.4.6 Rest of Asia-Pacific: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.6.1 Rest of Asia-Pacific: Methanol Market, by Derivative

9.4.4.6.2 Rest of Asia-Pacific: Methanol Market, by End Use Industry

9.5 Middle East and Africa: Methanol Market

9.5.1 Middle East and Africa: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.5.2 Middle East and Africa: Methanol Market, by Derivative

9.5.3 Middle East and Africa: Methanol Market, by End Use Industry

9.5.4 Middle East and Africa: Methanol Market, by Key Country

9.5.4.1 South Africa: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.1.1 South Africa: Methanol Market, by Derivative

9.5.4.1.2 South Africa: Methanol Market, by End Use Industry

9.5.4.2 Saudi Arabia: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.2.1 Saudi Arabia: Methanol Market, by Derivative

9.5.4.2.2 Saudi Arabia: Methanol Market, by End Use Industry

9.5.4.3 UAE: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.3.1 UAE: Methanol Market, by Derivative

9.5.4.3.2 UAE: Methanol Market, by End Use Industry

9.5.4.4 Rest of MEA: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.4.1 Rest of MEA: Methanol Market, by Derivative

9.5.4.4.2 Rest of MEA: Methanol Market, by End Use Industry

9.6 South and Central America: Methanol Market

9.6.1 South and Central America: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.6.2 South and Central America: Methanol Market, by Derivative

9.6.3 South and Central America: Methanol Market, by End Use Industry

9.6.4 South and Central America: Methanol Market, by Key Country

9.6.4.1 Brazil: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.6.4.1.1 Brazil: Methanol Market, by Derivative

9.6.4.1.2 Brazil: Methanol Market, by End Use Industry

9.6.4.2 Argentina: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.6.4.2.1 Argentina: Methanol Market, by Derivative

9.6.4.2.2 Argentina: Methanol Market, by End Use Industry

9.6.4.3 Rest of South and Central America: Methanol Market –Revenue and Forecast to 2028 (US$ Million)

9.6.4.3.1 Rest of South and Central America: Methanol Market, by Derivative

9.6.4.3.2 Rest of South and Central America: Methanol Market, by End Use Industry

10. Impact of COVID-19

10.1 Overview – Impact of COVID-19

10.2 Impact of COVID-19 on Methanol Market

10.3 North America: Impact Assessment of COVID-19 Pandemic

10.4 Europe: Impact Assessment of COVID-19 Pandemic

10.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic

10.6 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

10.7 South America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 New Product Development

11.4 Merger and Acquisition

12. COMPANY PROFILES

12.1 Methanex Corporation

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.2 OCI N.V.

12.3 BASF SE

12.4 SABIC

12.5 Mitsubishi Gas Chemical Co.

12.6 HELM AG

12.7 Celanese Corporation

12.8 Zagros Petrochemical co.

12.9 Mitsui and co. ltd.

12.10 LyondellBasell Industries Holdings B.V.

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES.

Table 1. Methanol Market –Revenue and Forecast to 2028 (US$ Mn)

Table 2. North America Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 3. North America Methanol Market, by End Use Industry– Revenue and Forecast to 2028 (US$ Million)

Table 4. US Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 5. US Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 6. Canada: Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 7. Canada Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 8. Mexico Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 9. Mexico Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 10. Europe Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 11. Europe Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 12. Germany Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 13. Germany Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 14. France Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 15. France Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 16. Italy Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 17. Italy Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 18. UK Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 19. UK Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 20. Russia : Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 21. Russia : Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 22. Rest of Europe Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 23. Rest of Europe Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 24. Asia-Pacific Methanol Market, by Derivative– Revenue and Forecast to 2028 (US$ Million)

Table 25. Asia-Pacific Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 26. Australia Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 27. Australia Methanol Market, by End Use – Revenue and Forecast to 2028 (US$ Million)

Table 28. China Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million

Table 29. China Methanol Market, by End Use – Revenue and Forecast to 2028 (US$ Million)

Table 30. India Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 31. India Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 32. Japan Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 33. Japan Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 34. South Korea Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 35. South Korea Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 36. Rest of Asia-Pacific Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 37. Rest of Asia-Pacific Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 38. Middle East and Africa Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 39. Middle East and Africa Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 40. South Africa Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 41. South Africa Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 42. Saudi Arabia Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 43. Saudi Arabia Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 44. UAE Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 45. UAE Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 46. Rest of MEA Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 47. Rest of MEA Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 48. South and Central America Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 49. South and Central America Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 50. Brazil Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 51. Brazil Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 52. Argentina Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 53. Argentina Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 54. Rest of South and Central America Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)

Table 55. Rest of South and Central America Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 56. Glossary of Terms, Global Methanol Market

The List of Companies - Methanol Market

1. Methanex Corporation

2. OCI N.V.

3. BASF SE

4. SABIC

5. Mitsubishi Gas Chemical Company, Inc.

6. HELM AG

7. Cleanse Corporation

8. Zagros Petrochemical Company

9. Mitsui & Co., LTD

10. LYONDELLBASELL INDUSTRIES HOLDINGS B.V

Reason To Buy

• Highlights key business priorities in order to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the global methanol market, thereby allowing players to develop effective long-term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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