Methanol Market: Current Analysis and Forecast (2021-2027)

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Emphasis by Feedstock (Coal, Natural Gas, and Others); Derivatives (Formaldehyde, Acetic Acid, Methyl Tert-Butyl Ether (MTBE), Methyl Methacrylate (MMA), Dimethyl Terephthalate (DMT), Methanethiol, Methylamines, Methyl Chloride, Gasoline Blending & Combustion, Biodiesel, Dimethyl Ether (DME), Fuel Cells, Methanol-to-Olefins, and Others); Industry (Chemical & Polymer, Transport, and Others); and Region and Country

Detailed Analysis of COVID-19 Impact on the Methanol Market

Pages:

354

Table:

96

Figure:

162

Report ID:

UMCH21934

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Report Description
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Report Description

Methanol Market
Methanol Market

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The Global Methanol Market is likely to showcase a growth of around 4% during the forecast period. Methanol is a key product in the chemical industry. It is mainly used for producing other chemicals such as formaldehyde, acetic acid, MTBE, MMA, and DMT among others. Therefore, the demand for methanol depends on the production of the aforementioned chemicals. For instance, a product like formaldehyde is an important raw material in the production of a wide range of products like particleboard, plywood, and fiberboard; glues and adhesives; permanent-press fabrics; paper products coatings; and certain insulation materials. Further, it is used in the production of food, paints & coatings, and disinfectants. Since the demand for building products is increasing on account of rising construction activities in the developing economies, coupled with the growing market for food, paints & coatings, and pharmaceuticals owing to increasing urbanization and growing population, thus propelling the demand for formaldehyde. Moreover, several companies are manufacturing products that can run on methanol fuels. For instance, Thermax Ltd. has developed a 5 KW methanol-based reformer on a Direct Methanol Fuel Cell (DMFC). This module is being tested to replace DG sets in mobile towers. The above factors will fuel the methanol market.

Insights Presented in the Report

“Amongst feedstock, natural gas has a prominent share in the methanol market”

Based on feedstock, the market is categorized into natural gas, coal, and others. Among these, natural gas has a prominent share in the methanol market. This can be mainly attributable to the large use of natural gas for the production of methanol due to the abundance of natural gas globally and it also results in low-cost methanol production.

Methanol Market
Methanol Market

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“Amongst derivatives, formaldehyde has a considerable share in the methanol market”

Based on derivatives, the market is categorized into formaldehyde, acetic acid, MTBE, MMA, DMT, methanethiol, methylamines, methyl chloride, gasoline blending & combustion, biodiesel, DME, fuel cells, methanol-to-olefins, and others. Among these, formaldehyde has a considerable share in the methanol market. Formaldehyde is an important raw material in the production of a wide range of products like particleboard, plywood, and fiberboard; glues and adhesives; permanent-press fabrics; paper product coatings; and certain insulation materials. Further, it is used in the production of food, paints & coatings, and disinfectants. Therefore, with rising construction activities in the region demand for the aforementioned products would also increase, thus increasing the consumption of formaldehyde.

“Amongst industry, chemical & polymer have a considerable share in the methanol market”

Based on industry, the market is categorized into chemical & polymer, transport, and others. Among these, chemical & polymer has a considerable share in the methanol market due to the production of a large number of chemical-related methanol derivatives. Derivatives like formaldehyde, MTBE, and acetic acid are among the largest consumer of methanol which is produced in the chemical industry. Further, increasing construction activities due to rising urbanization and growing population along with improving consumer disposable power which resulted in home decoration activities are further propelling the demand for building materials. Thus, increasing the consumption of methanol derivatives like formaldehyde, as a result, improving the market share of chemicals & polymers.

“Asia-Pacific accounted for a considerable share in the global methanol market”

For a better understanding of the market adoption of methanol, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific accounted for a significant share of the market and is expected to showcase substantial growth during the forecast period. This can be ascribed to the large and growing base of the chemical industry. Also, the region is the largest producer of chemicals across the globe. Further, the region has an abundance of coal and natural gas, which can be converted into methanol through gasification and reforming. The production of methanol from natural gas reforming is a mature technology. This has helped the region to capture a prominent position in the market.

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Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive country-level analysis of the industry


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1.1.Market Definitions
1.2.Limitation
1.3.Stakeholders
1.4.Currency used in Report
2.1.Research Process of the Methanol Market
2.2.Research Methodology of the Methanol Market
2.3.Forecasting Method 
2.4.Respondent Profile 
2.5.Main Objective of the Methanol Market Study
3MARKET SYNOPSIS
4EXECUTIVE SUMMARY
5GLOBAL METHANOL MARKET COVID-19 IMPACT
6GLOBAL METHANOL MARKET REVENUE (USD MN), 2019-2027F
7.1.Coal 
7.2.Natural Gas
7.3.Others 
8.1.Formaldehyde
8.2.Acetic Acid
8.3.Methyl Tert-Butyl Ether (MTBE)
8.4.Methyl Methacrylate (MMA)
8.5.Dimethyl Terephthalate (DMT)
8.6.Methanethiol
8.7.Methylamines
8.8.Methyl Chloride
8.9.Gasoline Blending & Combustion
8.10.Biodiesel 
8.11.Dimethyl Ether (DME)
8.12.Fuel Cells 
8.13.Methanol-to-Olefins
8.14.Others 
9.1.Chemical & Polymer
9.2.Transport 
9.3.Others 
10.1.North America Methanol Market 
 10.1.1.United States
 10.1.2.Canada 
 10.1.3.Rest of North America
10.2.Europe Methanol Market 
 10.2.1.Germany 
 10.2.2.France 
 10.2.3.United Kingdom
 10.2.4.Italy 
 10.2.5.Spain 
 10.2.6.Rest of Europe
10.3.Asia Pacific Methanol Market
 10.3.1.China 
 10.3.2.Japan 
 10.3.3.India 
 10.3.4.Australia 
 10.3.5.Rest of Asia Pacific
10.4.Rest of the World Methanol Market
11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis
12METHANOL MARKET OPPORTUNITIES
13METHANOL MARKET TRENDS
14LEGAL & REGULATORY FRAMEWORK
15.1.Demand Side Analysis
15.2.Supply Side Analysis
16VALUE CHAIN ANALYSIS
17.1.Porters Fiver Forces Analysis
18.1.Methanex Corporation
18.2.BASF SE 
18.3.Mitsubishi Gas Chemical Company
18.4.Mitsui & Co. Ltd.
18.5.Metafrax Chemicals
18.6.Petronas 
18.7.Yanzhou Coal Mining Company Ltd.
18.8.Shanghai Huayi (Group) Company
18.9.Ningxia Baofeng Energy Group Co. Ltd.
18.10.Celanese Corporation
19DISCLAIMER

Research Methodology

Analyzing the historical market, estimating the current market, and forecasting the future market of methanol, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the methanol industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of methanol through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the methanol market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by feedstock, derivatives, and industry. Further regional and country-level analyses were conducted to evaluate the overall adoption of methanol globally.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the methanol. Further, we conducted factor analysis using dependent and independent variables such as increasing government initiatives to support the methanol economy and reducing reliance on conventional fossil fuels. A thorough analysis was conducted for demand and supply-side scenarios considering an increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the methanol industry.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global methanol market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of methanol across the major markets
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the methanol market. Also, the growth strategies adopted by these players to compete in the fast-growing market


Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants by Stakeholders and Regions

Methanol Market
Methanol Market

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Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global methanol market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of feedstock, derivatives, and industry.

The main objective of the methanol market study

The current & future market trends of global methanol were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of methanol in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include the area of feedstock, derivatives, and industry
  • Defined analysis of the regulatory framework for the methanol industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of methanol for the major countries
  • Major regions/countries analyzed in the report include North America (United States, Canada, Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World
  • Company profiles of the methanol market players and the growth strategies adopted by them to sustain the growing market

Deep dive country-level analysis of the industry

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