Global Methanol Market Overview:
Methanol, a colorless, versatile liquid known as methyl or wood alcohol, is increasingly sought-after as a feedstock for chemicals and fuels across industries like chemicals, energy, and more. While colorless and volatile, methanol's true impact lies in its role as a chemical and fuel feedstock. This global market flourishes across industries, but external factors like raw material availability, technological leaps, government regulations, and environmental concerns influence its trajectory. Price swings in natural gas, coal, or biomass (typical feedstocks) add another layer of complexity.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising Use of Methanol in the Growing Automotive, Marine, & Construction Industries
Market Growth Drivers:
Rising demand from the chemical industry, particularly in Asia Pacific., Increasing use of methanol as a cleaner fuel alternative., Government regulations promoting the use of bio-based methanol. and Development of new technologies for methanol production, such as coal-to-methanol (CTM) and biomass-to-methanol (BTM).
Challenges:
Price fluctuations of natural gas, coal, and biomass, which are the main feedstocks for methanol production., Stringent environmental regulations on emissions from methanol production plants. and Competition from other clean fuel alternatives, such as hydrogen and ammonia.
Restraints:
Stringent regulations on emissions from production plants raise compliance costs and pressure producers to adopt cleaner technologies., and Methanol is flammable and toxic, requiring strict handling and safety measures, increasing operational costs and potential liabilities.
Opportunities:
Government support and technological advancements promote bio-based methanol production, addressing sustainability concerns. and Dimethyl ether (DME), derived from methanol, is gaining traction as a clean-burning fuel for transportation and power generation.
Competitive Landscape:
The key players are expanding their facilities for methanol production in order to meet the global demand of consumers and expand themselves into other geographical regions. The key players are anticipated to maintain a stronghold in the market during the forecast period. Companies are also thinking of mergers & acquisitions and partnerships as strategic decisions.
Some of the key players profiled in the report are Celanese Corporation (United States), Proman Infrastructure Services Pvt. Ltd. (Switzerland), Methanex Corporation (Canada), Mitsubishi Gas Chemical Company Inc. (Japan), ZPCIR (Iran), LyondellBasell Industries B.V. (United States), SABIC (Saudi Arabia), Sipchem Company (Saudi Arabia), BASF SE (Germany), Metafrax Group (Russia), Yankuang Energy Group Company Limited (China), Mitsui & Co., Ltd. (Japan), OCI (Netherlands) and Petroliam Nasional Berhad (Malaysia). Considering Market by Industry Verticals, the sub-segment i.e. Construction will boost the Methanol market.
Latest Market Insights:
In 2019, BASF, a global chemical company developed process for production of climate-friendly methanol. In the new process syngas is generated by partial oxidation of natural gas rather than combination of steam and autothermal reforming to eliminate co2 emission. With this the aim of BASF is to produce hydrogen without any carbon emission.
In March 2021, Celanese Corporation announced the expansion of its capacity to utilize recycled CO2 for methanol production at Clear Lake, Texas Facility. Methanol is a key material in the manufacture of numerous acetyls products, including acetic acid, vinyl acetate monomer (VAM), ethyl acetate and other derivatives. This carbon capture and reuse process is expected to produce sustainable methanol with a high capital efficiency at competitive pricing via an expansion of the company’s Fairway joint venture.
What Can be Explored with the Methanol Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Methanol Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Methanol
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Methanol market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Methanol market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Methanol Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, Regulatory Bodies, End-Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.