Methanol Market Size, Share & Trends Analysis Report By Application (Formaldehyde, Acetic Acid, MTBE, DME), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2024 - 2030

Methanol Market Size, Share & Trends Analysis Report By Application (Formaldehyde, Acetic Acid, MTBE, DME), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2024 - 2030


Methanol Market Growth & Trends

The global methanol market size is anticipated to reach USD 64.14 billion by 2030 and is expected to expand at a CAGR of 8.9% during the forecast period, according to a new report by Grand View Research, Inc. Exceptional blending capacity and high-octane rating of the product are the key factors driving the consumption of methanol as fuel.

Methanol, also referred to as methyl alcohol or wood alcohol, is a clear and volatile liquid that is flammable and has a scent similar to that of ethanol or drinking alcohol. It is one of the most commonly used industrial chemicals. It serves as a precursor in the production of various other chemicals, such as formaldehyde, acetic acid, Methyl Tert-Butyl Ether (MTBE), Dimethyl Ether (DME), biodiesels, olefins, and more.

Increasing demand for acetic acid, formaldehyde, and DME are the key drivers for the methanol industry’s growth in Asia Pacific. In addition, the product's supply and demand across Asia Pacific are projected to be stable during the forecast period, with the ongoing Russia-Ukraine war.

A few methanol manufacturers are integrated into the value chain as they manufacture and distribute methanol through various sales channels to different end-use industries in different regions of the world. Some manufacturers of methanol involved in its distribution are BASF SE, Methanex Corporation, and Saudi Arabia Basic Industries Corporation (SABIC).

Using methanol-to-olefin (MTO) catalysts has significantly improved olefin production from methanol or coal feedstocks as an alternative approach to the naphtha cracking process. Increased olefin yields have been the primary driver of the global demand for MTO.

Methanol Market Report Highlights
  • Formaldehyde dominated the market and held the highest revenue market share in 2023. This growth is attributed to the increase in the construction sector in developing economies such as Central and South America and Asia-Pacific. This is expected to lead to a rise in demand for formaldehyde from methanol
  • Asia Pacific emerged as the largest market share with a market share of 51.0% in the global methanol market and is anticipated to grow at a high CAGR of 9.2%. This is due to emerging economies like India, China, and others, as well as the increasing demand for acetic acid, formaldehyde, and DME, which are considered the key drivers of the industry across the Asia Pacific.
  • In January 2023, Zagros Petrochemical Company and China's Dalian Petrochemical Company agreed to establish Iran's first methanol-to-synthetic ethanol conversion plant with a capacity of 300,000 tons. The first 300,000-ton plant for converting methanol to synthetic ethanol will be operational within 36 months
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Methanol Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Global Petrochemical Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Trends
3.2.2. Manufacturing/ Product Trends
3.2.3. Sales Channel Analysis
3.2.4. Application Trends
3.3. Price Trend Analysis
3.3.1. Factors Influencing Prices
3.4. Regulatory Framework, (Standards, Compliance, Approvals, and Policies)
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Industry Analysis Tools
3.6.1. Porter’s Five Forces Analysis
3.6.2. Macro-environmental Analysis
Chapter 4. Methanol Market: Application Estimates & Trend Analysis
4.1. Application Movement Analysis & Market Share, 2023 & 2030
4.2. Methanol Market Estimates & Forecast, By Application, 2018 to 2030 (Kilotons) (USD Million)
4.3. Formaldehyde
4.3.1. Methanol Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.4. Gasoline
4.4.1. Methanol Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.5. Acetic Acid
4.5.1. Methanol Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.6. MTBE
4.6.1. Methanol Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.7. Dimethyl Ether
4.7.1. Methanol Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.8. MTO/MTP
4.8.1. Methanol Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.9. Biodiesel
4.9.1. Methanol Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.10. Others
4.10.1. Methanol Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Methanol Market: Regional Estimates & Trend Analysis
5.1. Regional Movement Analysis & Market Share, 2023 & 2030
5.2. North America
5.2.1. North America Methanol Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
5.2.2. U.S.
5.2.2.1. Key country dynamics
5.2.2.2. U.S. Methanol Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
5.3. Europe
5.3.1. Europe Methanol Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
5.3.2. Germany
5.3.2.1. Key country dynamics
5.3.2.2. Germany Methanol Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
5.4. Asia Pacific
5.4.1. Asia Pacific Methanol Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
5.4.2. China
5.4.2.1. Key country dynamics
5.4.2.2. China Methanol Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
5.4.3. India
5.4.3.1. Key country dynamics
5.4.3.2. India Methanol Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
5.4.4. Japan
5.4.4.1. Key country dynamics
5.4.4.2. Japan Methanol Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
5.5. Central & South America
5.5.1. Central & South America Methanol Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
5.6. Middle East & Africa
5.6.1. Middles East & Africa Methanol Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Methanol Market - Competitive Landscape
6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Strategy Framework
6.3. Company Categorization
6.4. Company Market Share Analysis, 2023
6.5. Company Market Positioning Analysis, 2023
6.6. Production Capacities, 2023
6.7. Strategy Mapping
6.8. Company Profiles
6.8.1. BASF SE
6.8.1.1. Participant’s overview
6.8.1.2. Financial performance
6.8.1.3. Product benchmarking
6.8.2. Mitsui & Co. Ltd.
6.8.2.1. Participant’s overview
6.8.2.2. Financial performance
6.8.2.3. Product benchmarking
6.8.3. Celanese Corporation
6.8.3.1. Participant’s overview
6.8.3.2. Financial performance
6.8.3.3. Product benchmarking
6.8.4. Petroliam Nasional Berhad (PETRONAS)
6.8.4.1. Participant’s overview
6.8.4.2. Financial performance
6.8.4.3. Product benchmarking
6.8.5. SABIC
6.8.5.1. Participant’s overview
6.8.5.2. Financial performance
6.8.5.3. Product benchmarking
6.8.6. Methanex Corporation
6.8.6.1. Participant’s overview
6.8.6.2. Financial performance
6.8.6.3. Product benchmarking
6.8.7. Mitsubishi Gas Chemical Co., Inc.
6.8.7.1. Participant’s overview
6.8.7.2. Financial performance
6.8.7.3. Product benchmarking
6.8.8. QAFAC (Qatar Fuel Additives Company Limited)
6.8.8.1. Participant’s overview
6.8.8.2. Financial performance
6.8.8.3. Product benchmarking
6.8.9. Zagros Petrochemical Company
6.8.9.1. Participant’s overview
6.8.9.2. Financial performance
6.8.9.3. Product benchmarking

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