Methanol Market by Global Size, Share, Trends, CAGR by Technology, Key Players, Regions, Revenue and Forecast to 2025
Methanol is broadly used in industries nonstop or as a feedstock for the fabrication of liquid fuels, chemicals, and plastics. On a daily basis 200,000 tons of methanol is used in chemical feedstock or as transportation fuel (67 million gallons/254 million liters), this amounts to 7500 tanker trucks worldwide.
The methanol (Methyl Alcohol) market is growing owing to high use in the automotive industry. The methanol market is experiencing major growth in China and the United States, owing to developments in shale gas. Another growth factor is growing demand for petrochemicals, especially in the Asia Pacific region. Natural gas is the main feedstock used for methanol.
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New regulations and policies implemented to control emission of harmful gases has caused the increased demand for biofuels. This is an additional cause towards the research of the ground-breaking approaches that are energy-efficient, low-cost and eco-friendly. Expertise to use methanol as a substitute for diesel is being commercialized in various countries. There is an increasing demand in markets for direct blending of methanol into gasoline.
The global methanol market has been segmented, by feedstock as, includes coal, natural gas, and few other feedstock. The methanol market is also broadly segmented, by derivatives, into formaldehyde, methanol-to-olefins (MTO)/methanol-to-propylene (MTP), methyl tert-butyl ether (MTBE gasoline), dimethyl terephthalate (DMT), acetic acid, methyl methacrylate (MMA), dimethyl ether (DME), methylamines, tertiary amyl methyl ether (TAME), and others derivatives.
The methanol market has a few global players competing significantly for the methanol market share, and are actively investing in various strategies such as expansions and joint ventures & agreements globally to increase their market. Also, companies are investing in R&D activities. Key players such as Methanex Corporation (Canada), PETRONAS (Malaysia), SABIC (Saudi Arabia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan). These companies have adopted various organic and inorganic developmental strategies to meet the ever increasing demand. Application segment have been studied based on historic, present, and future trends. Segmentation on the basis of region are North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The US Methanol market indicates that the initial growth has grown and moved towards an expensive curve. The demand has increased by 20% in the past years, due to restarting of Canada based Methanex. The buildout now leaves the US just one plant less from being a net exporter and no longer dependent on imports from Trinidad and Venezuela.
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Key players contributing to the methanol market share profiled in the report include Methanex Corporation, Petroliam Nasional Berhad (PETRONAS), Reliance Industries Limited, AR-RAZI Saudi Methanol Company, RAMA Petrochemicals Ltd., Gujarat Narmada Valley Fertilizers & Chemicals Limited, and Others.
In the near future, long-term considerable cost reduction would be observed due to the use of cheaper biomass and constant technological advancements. Industry experts are predicting the production cost to go down by USD X-X/GJ range. Methanol derived from biomass and hydrogen are predicted to live up to the major methanol market share demand.
The various segments of Methanol Market are,
- Natural Gas
- Methanol-to-olefins (MTO)/methanol-to-propylene (MTP),
- Methyl tert-butyl ether (MTBE gasoline)
- Dimethyl terephthalate (DMT)
- Acetic acid
- Methyl methacrylate (MMA)
- Dimethyl ether (DME)
- Tertiary amyl methyl ether (TAME)
- Future trends
Regions: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
What to expect from the upcoming report on ‘Global Methanol Market’:
– Future prospects and current trends of the Nitrogen market by the end of forecast period (2018-2025)
– Information regarding technological progressions as well as innovations across the world
– Supportive initiatives by government likely to influence the market dynamics.
– In-depth analysis of different market segmentations including regional segmentations, applications and types.
– Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market.
– Trends, drivers, opportunities, restraints, challenges and key developments in the market
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