Methanol Market By Feedstock (Coal, Natural Gas, Others), By End-use Industry (Automotive, Construction, Electronics, Appliances, Paints and Coatings, Insulation, Pharmaceutical, Packaging, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
The global methanol market was valued at $35,320.0 million in 2021, and is projected to reach $54,630.4 million by 2030, growing at a CAGR of 5.0% from 2022 to 2030.
Methanol, also known as methyl alcohol, is a clear liquid that is widely used in different day-to-day products such as paints, cosmetics, plastics, and others. Methanol is the simplest member of a group of organic chemicals which is biodegradable and water-soluble. It is a clean burning fuel which offers economic, environmental benefits, and can be used as a fuel to power ships, vehicles. Also, it can be used for heating homes and cooking food.
The use of methanol as a hydrogen carrier to bring energy transition and to replace the use of gasoline-based fuels is gaining huge traction. This is because hydrogen is a clean alternative fuel that emits only water upon combustion. Methanol is an excellent hydrogen carrier that can pack more hydrogen in one simple alcohol molecule. As methanol is liquid at ambient conditions it is easy to handle, transport, and store.
Methanol is widely used in wastewater treatment facilities as it plays a vital role in cleaning the water through the process called denitrification. This process converts excess nitrate from wastewater into nitrogen gas, that is released into the atmosphere thereby preventing the pollution of sensitive watersheds. At present there are more than 200 wastewater treatment facilities that use methanol for denitrification process. For instance, the Blue Plains Wastewater Treatment Facility, located in Washington D.C., is one of the largest wastewater treatment facilities that uses methanol for denitrification process.
The methanol market is segmented on the basis of feedstock and end-use industry. By feedstock, it is classified as coal, natural gas, and others. By end-use industry, it is classified as automotive, construction, electronics, appliances, paints and coatings, insulation, pharmaceutical, packaging, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include Celanese Corporation, BASF SE, Methanex Corporation, SABIC, Petroliam Nasional Berhad (PETRONAS), Mitsubishi Gas Chemical Company, Inc., Valero, Mitsui & Co., Ltd., Zagros Petrochemical Co., and Methanol Holdings (Trinidad) Limited.
KEY MARKET SEGMENTS
By Feedstock
Coal
Natural Gas
Others
By End-use industry
Automotive
Construction
Electronics
Appliances
Paints and Coatings
Insulation
Pharmaceutical
Packaging
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
United Arab Emirates
South Africa
Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
Celanese Corporation
BASF SE
Methanex Corporation
SABIC
Petroliam Nasional Berhad (PETRONAS)
Mitsubishi Gas Chemical Company, Inc.
Valero
Mitsui & Co., Ltd.
Zagros Petrochemical Co.
Methanol Holdings (Trinidad) Limited
Key Market Segments
By Feedstock
Coal
Natural Gas
Others
By End-use Industry
Paints and Coatings
Insulation
Pharmaceutical
Packaging
Others
Automotive
Construction
Electronics
Appliances
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
UAE
South Africa
Rest of LAMEA
Key Market Players
Celanese Corporation
BASF SE
Methanex Corporation
SABIC
Petroliam Nasional Berhad (PETRONAS)
Mitsubishi Gas Chemical Company, Inc.
Valero Energy Corporation
Mitsui & Co., Ltd.
Zagros Petrochemical Co.
Methanol Holdings (Trinidad) Limited
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