Reports
Reports
Sale
The global methanol market size attained a volume of approximately 88.00 MMT in 2023. The market is further expected to grow at a CAGR of 3.8% between 2024 and 2032, reaching a volume of 123.18 MMT by 2032.
Methanol is a highly organic chemical which is used to manufacture numerous downstream products that are witnessing a heightened demand from various industry verticals. Increasing demand for methyl methacrylate (MMA) to produce crucial industrial components such as impact modifiers and illuminated display lights, is generating a greater demand, influencing the methanol market growth. In addition, the thriving advertising sector and advancements in the electrical and electronics industry are expected to bolster the methanol demand. Meanwhile, methanol is also witnessing rising penetration in the pharmaceutical sector, owing to the heightening demand for methanol to produce anti-cancer, anti-viral, and anti-bacterial pharma components.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Methanol Market Analysis
8.1 Key Industry Highlights
8.2 Global Methanol Historical Market (2018-2023)
8.3 Global Methanol Market Forecast (2024-2032)
8.4 Global Methanol Market by Application
8.4.1 Formaldehyde
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Methanol to Olefins (MTO)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Fuel Applications
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Methyl Tert-Butyl Ether (MTBE)
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Acetic Acid
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Methyl Methacrylate (MMA)
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Methylamines
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Others
8.5 Global Methanol Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Methanol Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Methanol Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Methanol Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Methanol Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Methanol Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Analysis (HS Code: 290511)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Global Methanol Feedstock Market Analysis
18.1 Global Coal Market Analysis
18.1.1 Key Industry Highlights
18.1.2 Global Coal Historical Market (2018-2023)
18.1.3 Global Coal Market Forecast (2024-2032)
18.1.4 Global Coal Market by End Use
18.1.4.1 Electricity
18.1.4.1.1 Historical Trend (2018-2023)
18.1.4.1.2 Forecast Trend (2024-2032)
18.1.4.2 Steel
18.1.4.2.1 Historical Trend (2018-2023)
18.1.4.2.2 Forecast Trend (2024-2032)
18.1.4.3 Cement
18.1.4.3.1 Historical Trend (2018-2023)
18.1.4.3.2 Forecast Trend (2024-2032)
18.1.4.4 Others
18.1.5 Global Coal Market by Region
18.1.5.1 North America
18.1.5.2 Europe
18.1.5.3 Asia Pacific
18.1.5.4 Latin America
18.1.5.5 Middle East and Africa
18.1.6 Trade Data Analysis (HS Code – 2701)
18.1.6.1 Major Exporting Countries
18.1.6.1.1 By Value
18.1.6.1.2 By Volume
18.1.6.2 Major Importing Countries
18.1.6.2.1 By Value
18.1.6.2.2 By Volume
18.2 Global Natural Gas Market Analysis
18.2.1 Key Industry Highlights
18.2.2 Global Natural Gas Historical Market (2018-2023)
18.2.3 Global Natural Gas Market Forecast (2024-2032)
18.2.4 Global Natural Gas Market by End Use
18.2.4.1 Electricity
18.2.4.1.1 Historical Trend (2018-2023)
18.2.4.1.2 Forecast Trend (2024-2032)
18.2.4.2 Industrial
18.2.4.2.1 Historical Trend (2018-2023)
18.2.4.2.2 Forecast Trend (2024-2032)
18.2.4.3 Transportation
18.2.4.3.1 Historical Trend (2018-2023)
18.2.4.3.2 Forecast Trend (2024-2032)
18.2.4.4 Others
18.2.5 Global Natural Gas Market by Region
18.2.5.1 North America
18.2.5.2 Europe
18.2.5.3 Asia Pacific
18.2.5.4 Latin America
18.2.5.5 Middle East and Africa
18.2.6 Trade Data Analysis (HS Code – 271121)
18.2.6.1 Major Exporting Countries
18.2.6.1.1 By Value
18.2.6.1.2 By Volume
18.2.6.2 Major Importing Countries
18.2.6.2.1 By Value
18.2.6.2.2 By Volume
19 Competitive Landscape
19.1 Market Structure
19.2 Company Profiles
19.2.1 Methanex Corporation
19.2.1.1 Company Overview
19.2.1.2 Product Portfolio
19.2.1.3 Demographic Reach and Achievements
19.2.1.4 Certifications
19.2.2 Zagros Petrochemical Company
19.2.2.1 Company Overview
19.2.2.2 Product Portfolio
19.2.2.3 Demographic Reach and Achievements
19.2.2.4 Certifications
19.2.3 Mitsubishi Gas Chemical Company, Inc.
19.2.3.1 Company Overview
19.2.3.2 Product Portfolio
19.2.3.3 Demographic Reach and Achievements
19.2.3.4 Certifications
19.2.4 Celanese Corporation
19.2.4.1 Company Overview
19.2.4.2 Product Portfolio
19.2.4.3 Demographic Reach and Achievements
19.2.4.4 Certifications
19.2.5 PROMAN
19.2.5.1 Company Overview
19.2.5.2 Product Portfolio
19.2.5.3 Demographic Reach and Achievements
19.2.5.4 Certifications
19.2.6 SABIC
19.2.6.1 Company Overview
19.2.6.2 Product Portfolio
19.2.6.3 Demographic Reach and Achievements
19.2.6.4 Certifications
19.2.7 OCI NV
19.2.7.1 Company Overview
19.2.7.2 Product Portfolio
19.2.7.3 Demographic Reach and Achievements
19.2.7.4 Certifications
19.2.8 LyondellBasell Industries N.V.
19.2.8.1 Company Overview
19.2.8.2 Product Portfolio
19.2.8.3 Demographic Reach and Achievements
19.2.8.4 Certifications
19.2.9 Yankuang Group Co., Ltd
19.2.9.1 Company Overview
19.2.9.2 Product Portfolio
19.2.9.3 Demographic Reach and Achievements
19.2.9.4 Certifications
19.2.10 BASF SE
19.2.10.1 Company Overview
19.2.10.2 Product Portfolio
19.2.10.3 Demographic Reach and Achievements
19.2.10.4 Certifications
19.2.11 Eastman Chemical Company
19.2.11.1 Company Overview
19.2.11.2 Product Portfolio
19.2.11.3 Demographic Reach and Achievements
19.2.11.4 Certifications
19.2.12 China National Petroleum Corporation (CNPC)
19.2.12.1 Company Overview
19.2.12.2 Product Portfolio
19.2.12.3 Demographic Reach and Achievements
19.2.12.4 Certifications
19.2.13 PETRONAS Chemicals Group Berhad
19.2.13.1 Company Overview
19.2.13.2 Product Portfolio
19.2.13.3 Demographic Reach and Achievements
19.2.13.4 Certifications
19.2.14 Gujarat Narmada Valley Fertilizers & Chemicals Limited
19.2.14.1 Company Overview
19.2.14.2 Product Portfolio
19.2.14.3 Demographic Reach and Achievements
19.2.14.4 Certifications
19.2.15 Others
20 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Methanol Market: Key Industry Highlights, 2018 and 2032
2. Global Methanol Historical Market: Breakup by End Use (Million Tons), 2018-2023
3. Global Methanol Market Forecast: Breakup by End Use (Million Tons), 2024-2032
4. Global Methanol Historical Market: Breakup by Region (Million Tons), 2018-2023
5. Global Methanol Market Forecast: Breakup by Region (Million Tons), 2024-2032
6. North America Methanol Historical Market: Breakup by Country (Million Tons), 2018-2023
7. North America Methanol Market Forecast: Breakup by Country (Million Tons), 2024-2032
8. Europe Methanol Historical Market: Breakup by Country (Million Tons), 2018-2023
9. Europe Methanol Market Forecast: Breakup by Country (Million Tons), 2024-2032
10. Asia Pacific Methanol Historical Market: Breakup by Country (Million Tons), 2018-2023
11. Asia Pacific Methanol Market Forecast: Breakup by Country (Million Tons), 2024-2032
12. Latin America Methanol Historical Market: Breakup by Country (Million Tons), 2018-2023
13. Latin America Methanol Market Forecast: Breakup by Country (Million Tons), 2024-2032
14. Middle East and Africa Methanol Historical Market: Breakup by Country (Million Tons), 2018-2023
15. Middle East and Africa Methanol Market Forecast: Breakup by Country (Million Tons), 2024-2032
16. Major Methanol Exporting Countries by Value
17. Major Methanol Importing Countries by Value
18. Major Methanol Exporting Countries by Volume
19. Major Methanol Importing Countries by Volume
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Coal Market: Key Industry Highlights, 2018 and 2032
26. Global Coal Historical Market: Breakup by End Use (Million Tons), 2018-2023
27. Global Coal Market Forecast: Breakup by End Use (Million Tons), 2024-2032
28. Global Coal Historical Market: Breakup by Region (Million Tons), 2018-2023
29. Global Coal Market Forecast: Breakup by Region (Million Tons), 2024-2032
30. Major Coal Exporting Countries by Value
31. Major Coal Importing Countries by Value
32. Major Coal Exporting Countries by Volume
33. Major Coal Importing Countries by Volume
34. Global Natural Gas Market: Key Industry Highlights, 2018 and 2032
35. Global Natural Gas Historical Market: Breakup by End Use (Million Tons), 2018-2023
36. Global Natural Gas Market Forecast: Breakup by End Use (Million Tons), 2024-2032
37. Global Natural Gas Historical Market: Breakup by Region (Million Tons), 2018-2023
38. Global Natural Gas Market Forecast: Breakup by Region (Million Tons), 2024-2032
39. Major Natural Gas Exporting Countries by Value
40. Major Natural Gas Importing Countries by Value
41. Major Natural Gas Exporting Countries by Volume
42. Major Natural Gas Importing Countries by Volume
43. Global Methanol Market Structure
In 2023, the market attained a volume of approximately 88.00 MMT.
The market is projected to grow at a CAGR of 3.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a volume of 123.18 MMT by 2032.
The major drivers of the market are increasing production of formaldehyde from methanol, and extensive use in the automotive industry.
The key trends in the market are rising demand for methyl tert-butyl ether (MTBE), use of methanol in the construction sector, and expansion of production capacities.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various applications of methanol in the market are formaldehyde, methanol to olefins (MTO), fuel applications, methyl tert-butyl ether (MTBE), acetic acid, methyl methacrylate (MMA), and methylamines, among others.
The major players in the market are Methanex Corporation, Zagros Petrochemical Company, Mitsubishi Gas Chemical Company, Inc., Celanese Corporation, PROMAN, SABIC, OCI NV, LyondellBasell Industries N.V., Yankuang Group Co., Ltd, BASF SE, Eastman Chemical Company, China National Petroleum Corporation (CNPC), PETRONAS Chemicals Group Berhad, and Gujarat Narmada Valley Fertilizers & Chemicals Limited, among others.
The global methanol market attained a volume of approximately 88.00 MMT in 2023, driven by the extensive use in the automotive industry as a transportation fuel and antifreeze agent for automobile radiators. Aided by the usage of methanol manufacturing of Dimethyl ether (DME) and Methyl tert-butyl ether (MTBE), which are safer alternatives to traditional gasoline, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.8%. The market is projected to reach a volume of 123.18 MMT by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on application, the market is segmented into formaldehyde, methanol to olefins (MTO), fuel applications, methyl tert-butyl ether (MTBE), acetic acid, methyl methacrylate (MMA), and methylamines, among others, with formaldehyde accounting for the largest market share. The major regional markets for methanol are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Asia Pacific accounting for the largest share of the market. The key players in the above market include Methanex Corporation, Zagros Petrochemical Company, Mitsubishi Gas Chemical Company, Inc., Celanese Corporation, PROMAN, SABIC, OCI NV, LyondellBasell Industries N.V., Yankuang Group Co., Ltd, BASF SE, Eastman Chemical Company, China National Petroleum Corporation (CNPC), PETRONAS Chemicals Group Berhad, and Gujarat Narmada Valley Fertilizers & Chemicals Limited, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Datasheet
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.