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Global Methanol Market to Reach US$ 44.7 Billion by 2027, Propelled by Growing Demand for Alternative Fuels

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Methanol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global methanol market reached a value of US$ 32.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 44.7 Billion by 2027, exhibiting a CAGR of 5.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Methanol (CH3OH), commonly known as wood alcohol, is a light, colorless and volatile liquid alcohol with a distinctive odor. It is the simplest type of alcohol and consists of a methyl group linked with a hydroxy group. Earlier produced by the destructive distillation of wood, methanol is now prepared by directly combining carbon monoxide gas and hydrogen in the presence of a catalyst. It not only has a low rate of evaporation and radiant heat energy but is also miscible in different solvents like water, alcohol, ether and ketones. On account of these properties, it is widely used as a general solvent and to produce resins, pharmaceuticals and perfumes. 

Market Drivers:

Since methanol is readily available and extremely efficient, it is extensively used in the automotive industry as a transportation fuel and antifreeze agent for automobile radiators. In addition to this, it is employed in the manufacturing of Dimethyl ether (DME) and Methyl tert-butyl ether (MTBE), which are safer alternatives to traditional gasoline. It also forms an essential component of biodiesel and is used in internal combustion engines. Apart from this, the alcohol also finds numerous applications in the manufacturing of formaldehyde, acetic acid and methyl acetate. These chemicals are further used in the production of adhesives, paints, plywood, solvents, foams, plastics and explosives. Furthermore, since methanol biodegrades easily and is eco-friendly in nature, it is preferred over counterparts like crude oil, gasoline and diesel.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global methanol market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on application.

Breakup by Application:

  • Formaldehyde
  • Dimethyl ether
  • Gasoline
  • Chloromethane
  • MTBE/TAME
  • Acetic acid
  • Others
     

Formaldehyde is the largest application segment as it is largely used for the manufacturing of plywood, plastics and paints. Moreover, it is also used as a fuel on account of its remarkable blending attributes.

Regional Insights:

  • China
  • Asia-Pacific (excluding China)
  • Europe
  • North America
  • Latin America
  • Middle East and Africa
     

On the geographical front, China enjoys the leading position in the global market on account of growing demand for methanol-gasoline blends in the region.

Competitive Landscape:

The competitive landscape of the market has also been analyzed with the detailed profiles of the key player operating in the market.

The essential aspects of the methanol market evaluated in the report include:

  • Market trends
  • Major regions
  • Key application areas
  • Key manufacturers
  • Price trends
  • Raw material requirements
  • Chemical reactions involved in the manufacturing process
  • Major importers and exporters
  • Value chain analysis
  • Market trends for major feedstocks
  • Price trends for major feedstocks
  • Key regions for major feedstocks
  • Key application areas for major feedstocks
     

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion, Million Tons
Segment Coverage Application, Region
Region Covered China, Asia-Pacific (excluding China), Europe, North America, Latin America, Middle East and Africa
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1 Overview
    4.2 Physical and Chemical Properties
    4.3 Key Industry Trends
5   Global Methanol Industry
    5.1    Market Overview
    5.2    Market Performance
        5.2.1 Volume Trends
        5.2.2 Value Trends
    5.3    Impact of COVID-19
    5.4    Price Trends
        5.4.1 Key Price Indicators
        5.4.2 Price Structure
        5.4.3 Price Trends
    5.5    Market Forecast
    5.6    SWOT Analysis
        5.6.1    Overview
        5.6.2    Strengths
        5.6.3    Weaknesses
        5.6.4    Opportunities
        5.6.5    Threats 
    5.7    Value Chain Analysis
        5.7.1    Overview
        5.7.2    Raw Material Mining and Extraction
        5.7.3    Manufacturing
        5.7.4    Marketing
        5.7.5    Distribution
        5.7.6    Export
        5.7.7    End Use
    5.8    Margin Analysis
    5.9    Porter’s Five Forces Analysis
        5.9.1    Overview
        5.9.2    Bargaining Power of Buyers
        5.9.3    Bargaining Power of Suppliers
        5.9.4    Degree of Competition
        5.9.5    Threat of New Entrants
        5.9.6    Threat of Substitutes
    5.10   Trade Data
        5.10.1 Imports
        5.10.2 Exports
    5.11   Key Market Drivers and Success Factors
6   Performance of Key Regions
    6.1    China
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Asia Pacific (Excluding China)
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Europe
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    North America
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Latin America
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Middle East and Africa
        6.6.1 Market Trends
        6.6.2 Market Forecast
7   Market Breakup by Application
    7.1    Formaldehyde
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Dimethyl Ether
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Gasoline
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Chloromethane
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    MTBE/TAME
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Acetic Acid
        7.6.1 Market Trends
        7.6.2 Market Forecast
    7.7    Others
        7.7.1 Market Trends
        7.7.2 Market Forecast
8   Competitive Landscape
    8.1    Market Structure
    8.2    Market Breakup by Key Players
    8.3    Key Player Profiles
9   Methanol Manufacturing Process
    9.1    Product Overview
    9.2    Chemical Reactions Involved
    9.3    Detailed Process Flow
    9.4    Raw Material Requirements
    9.5    Mass Balance and Feedstock Conversion Rates
10  Methanol: Feedstock Analysis
    10.1 Coal
        10.1.1 Market Performance
            10.1.1.1 Volume Trends
            10.1.1.2 Value Trends
        10.1.2 Price Trends
        10.1.3 Market Breakup by Region
        10.1.4 Market Breakup by Application
    10.2 Natural Gas
        10.2.1 Market Performance
            10.2.1.1 Volume Trends
            10.2.1.2 Value Trends
        10.2.2 Price Trends
        10.2.3 Market Breakup by Region
        10.2.4 Market Breakup by Application

List of Figures

Figure 1: Global: Methanol Market: Major Drivers and Challenges
Figure 2: Global: Methanol Market: Volume Trends (in Million Tons), 2016-2021
Figure 3: Global: Methanol Market: Value Trends (in Billion US$), 2016-2021
Figure 4: Global: Methanol Market: Average Prices (in US$/Ton), 2016-2021
Figure 5: Global: Methanol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 6: Global: Methanol Market Forecast: Value Trends (in Billion US$), 2022-2027
Figure 7: Global: Methanol Market Forecast: Average Prices (in US$/Ton), 2022-2027
Figure 8: Global: Methanol Market: Price Structure (US$/Ton)
Figure 9: Global: Methanol Industry: SWOT Analysis
Figure 10: Global: Methanol Industry: Value Chain Analysis
Figure 11: Global: Methanol Industry: Profit Margin at Various Level of Supply Chain
Figure 12: Global: Methanol Industry: Porter’s Five Forces Analysis
Figure 13: Global: Methanol Market: Breakup by Region (in %), 2021
Figure 14: China: Methanol Market (in ‘000 Tons), 2016 & 2021
Figure 15: China: Methanol Market Forecast (in ‘000 Tons), 2022-2027
Figure 16: Asia Pacific (Excluding China): Methanol Market (in ‘000 Tons), 2016 & 2021
Figure 17: Asia Pacific (Excluding China): Methanol Market Forecast (in ‘000 Tons), 2022-2027
Figure 18: Europe: Methanol Market (in ‘000 Tons), 2016 & 2021
Figure 19: Europe: Methanol Market Forecast (in ‘000 Tons), 2022-2027
Figure 20: North America: Methanol Market (in ‘000 Tons), 2016 & 2021
Figure 21: North America: Methanol Market Forecast (in ‘000 Tons), 2022-2027
Figure 22: Latin America: Methanol Market (in ‘000 Tons), 2016 & 2021
Figure 23: Latin America: Methanol Market Forecast (in ‘000 Tons), 2022-2027
Figure 24: Middle East and Africa: Methanol Market (in ‘000 Tons), 2016 & 2021
Figure 25: Middle East and Africa: Methanol Market Forecast (in ‘000 Tons), 2022-2027
Figure 26: Global: Methanol Market: Breakup by Application (in %), 2021
Figure 27: Global: Methanol Market: Formaldehyde (in ‘000 Tons), 2016 & 2021
Figure 28: Global: Methanol Market Forecast: Formaldehyde (in ‘000 Tons), 2022-2027
Figure 29: Global: Methanol Market: Dimethyl Ether (in ‘000 Tons), 2016 & 2021
Figure 30: Global: Methanol Market Forecast: Dimethyl Ether (in ‘000 Tons), 2022-2027
Figure 31: Global: Methanol Market: Gasoline (in ‘000 Tons), 2016 & 2021
Figure 32: Global: Methanol Market Forecast: Gasoline (in ‘000 Tons), 2022-2027
Figure 33: Global: Methanol Market: Chloromethane (in ‘000 Tons), 2016 & 2021
Figure 34: Global: Methanol Market Forecast: Chloromethane (in ‘000 Tons), 2022-2027
Figure 35: Global: Methanol Market: MTBE/TAME (in ‘000 Tons), 2016 & 2021
Figure 36: Global: Methanol Market Forecast: MTBE/TAME (in ‘000 Tons), 2022-2027
Figure 37: Global: Methanol Market: Acetic Acid (in ‘000 Tons), 2016 & 2021
Figure 38: Global: Methanol Market Forecast: Acetic Acid (in ‘000 Tons), 2022-2027
Figure 39: Global: Methanol Market: Other Applications (in ‘000 Tons), 2016 & 2021
Figure 40: Global: Methanol Market Forecast: Other Applications (in ‘000 Tons), 2022-2027
Figure 41: Global: Methanol Market: Share of Key Players (in %), 2021
Figure 42: Methanol Manufacturing: Detailed Process Flow
Figure 43: Methanol Manufacturing: Conversion Rate of Feedstocks
Figure 44: Global: Coal Market: Production Volume Trend (in Million Tons), 2016-2021
Figure 45: Global: Coal Market: Value Trend (in ’000 US$), 2016-2021
Figure 46: Global: Coal Market: Average Prices (in US$/Ton), 2016-2021
Figure 47: Global: Coal Market: Breakup by Region (in %), 2021
Figure 48: Global: Coal Market: Breakup by Application (in %), 2021
Figure 49: Global: Natural Gas Market: Production Volume Trend (in Million Tons), 2016-2021
Figure 50: Global: Natural Gas Market: Value Trend (in ’000 US$), 2016-2021
Figure 51: Global: Natural Gas Market: Average Prices (in US$/Ton), 2016-2021
Figure 52: Global: Natural Gas Market: Breakup by Region (in %), 2021
Figure 53: Global: Natural Gas Market: Breakup by Application (in %), 2021
 
List of Tables

Table 1: Methanol: Physical Properties
Table 2: Methanol: Chemical Properties
Table 3: Global: Methanol Market: Key Industry Highlights, 2021 and 2027
Table 4: Global: Methanol Market Forecast: Breakup by Region (in ‘000 Tons), 2022-2027
Table 5: Global: Methanol Market Forecast: Breakup by Application (in ‘000 Tons), 2022-2027
Table 6: Global: Methanol Market: Imports by Major Countries
Table 7: Global: Methanol Market: Exports by Major Countries
Table 8: Methanol Manufacturing: Raw Materials Required
Table 9: Methanol Manufacturing: Chemical Reactions Involved in Syngas Formation
Table 10: Methanol Manufacturing: Chemical Reactions Involved in Methanol Formation
Table 11: Global: Methanol Market: Competitive Structure
Table 12: Global: Methanol Market: Key Players
Table 13: Global: Coal Market: Key Suppliers
Table 14: Global: Natural Gas Market: Key Suppliers

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Key Questions Answered in This Report

The global methanol market reached a value of US$ 32.7 Billion in 2021.

According to the estimates by IMARC Group, the global methanol market is expected to exhibit a CAGR of 5.3% during 2022-2027.

The expanding automotive industry has propelled the demand for methanol as a transportation fuel and antifreeze agent for automobile radiators, thereby representing one of the key drivers for the global methanol market.

The rising environmental concerns towards growing carbon emissions have led to the adoption of methanol as a cleaner alternative to conventional fuels, such as diesel, gasoline, crude oil, etc., thereby representing one of the key trends in the global methanol market.

Sudden outbreak of the COVID-19 pandemic has led to a surging demand for methanol in the pharmaceutical sector, thereby positively influencing the growth of the global methanol market.

On the basis of application, the market has been bifurcated into formaldehyde, gasoline, acetic acid, chloromethane, dimethyl ether, and Methyl Tert-Butyl Ether (MTBE)/Tertiary Amyl Methyl Ether (TAME). Amongst these, formaldehyde represents the largest application segment in the market.

Region-wise, the global methanol market has been segmented into China, Asia Pacific (excluding China), Europe, North America, Middle East and Africa, and Latin America, where China exhibits a clear dominance in the market.

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