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Report
Methanol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-06-14 I 142 Pages I IMARC Group
Market Overview:
The global methanol market size reached US$ 34.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 47.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
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 report, along with forecasts at the global and regional level from 2023-2028. 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
Key Questions Answered in This Report:
What was the global methanol market size in 2022?
What will be the global methanol market outlook during the forecast period (2023-2028)?
What are the global methanol market drivers?
What are the major trends in the global methanol market?
What is the impact of COVID-19 on the global methanol market?
What is the global methanol market breakup by application?
What are the major regions in the global methanol market?
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
Figure 1: Global: Methanol Market: Major Drivers and Challenges
Figure 2: Global: Methanol Market: Volume Trends (in Million Tons), 2017-2022
Figure 3: Global: Methanol Market: Value Trends (in Billion US$), 2017-2022
Figure 4: Global: Methanol Market: Average Prices (in US$/Ton), 2017-2022
Figure 5: Global: Methanol Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 6: Global: Methanol Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 7: Global: Methanol Market Forecast: Average Prices (in US$/Ton), 2023-2028
Figure 8: Global: Methanol Market: Price Structure
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 %), 2022
Figure 14: China: Methanol Market (in '000 Tons), 2017 & 2022
Figure 15: China: Methanol Market Forecast (in '000 Tons), 2023-2028
Figure 16: Asia Pacific (Excluding China): Methanol Market (in '000 Tons), 2017 & 2022
Figure 17: Asia Pacific (Excluding China): Methanol Market Forecast (in '000 Tons), 2023-2028
Figure 18: Europe: Methanol Market (in '000 Tons), 2017 & 2022
Figure 19: Europe: Methanol Market Forecast (in '000 Tons), 2023-2028
Figure 20: North America: Methanol Market (in '000 Tons), 2017 & 2022
Figure 21: North America: Methanol Market Forecast (in '000 Tons), 2023-2028
Figure 22: Latin America: Methanol Market (in '000 Tons), 2017 & 2022
Figure 23: Latin America: Methanol Market Forecast (in '000 Tons), 2023-2028
Figure 24: Middle East and Africa: Methanol Market (in '000 Tons), 2017 & 2022
Figure 25: Middle East and Africa: Methanol Market Forecast (in '000 Tons), 2023-2028
Figure 26: Global: Methanol Market: Breakup by Application (in %), 2022
Figure 27: Global: Methanol Market: Formaldehyde (in '000 Tons), 2017 & 2022
Figure 28: Global: Methanol Market Forecast: Formaldehyde (in '000 Tons), 2023-2028
Figure 29: Global: Methanol Market: Dimethyl Ether (in '000 Tons), 2017 & 2022
Figure 30: Global: Methanol Market Forecast: Dimethyl Ether (in '000 Tons), 2023-2028
Figure 31: Global: Methanol Market: Gasoline (in '000 Tons), 2017 & 2022
Figure 32: Global: Methanol Market Forecast: Gasoline (in '000 Tons), 2023-2028
Figure 33: Global: Methanol Market: Chloromethane (in '000 Tons), 2017 & 2022
Figure 34: Global: Methanol Market Forecast: Chloromethane (in '000 Tons), 2023-2028
Figure 35: Global: Methanol Market: MTBE/TAME (in '000 Tons), 2017 & 2022
Figure 36: Global: Methanol Market Forecast: MTBE/TAME (in '000 Tons), 2023-2028
Figure 37: Global: Methanol Market: Acetic Acid (in '000 Tons), 2017 & 2022
Figure 38: Global: Methanol Market Forecast: Acetic Acid (in '000 Tons), 2023-2028
Figure 39: Global: Methanol Market: Other Applications (in '000 Tons), 2017 & 2022
Figure 40: Global: Methanol Market Forecast: Other Applications (in '000 Tons), 2023-2028
Figure 41: Global: Methanol Market: Share of Key Players (in %), 2022
Figure 42: Methanol Manufacturing: Detailed Process Flow
Figure 43: Methanol Manufacturing: Conversion Rate of Feedstocks
Figure 44: Global: Coal Market: Production Volume Trends (in Million Tons), 2017-2022
Figure 45: Global: Coal Market: Value Trends (in '000 US$), 2017-2022
Figure 46: Global: Coal Market: Average Prices (in US$/Ton), 2017-2022
Figure 47: Global: Coal Market: Breakup by Region (in %), 2022
Figure 48: Global: Coal Market: Breakup by Application (in %), 2022
Figure 49: Global: Natural Gas Market: Production Volume Trends (in Million Tons), 2017-2022
Figure 50: Global: Natural Gas Market: Value Trends (in '000 US$), 2017-2022
Figure 51: Global: Natural Gas Market: Average Prices (in US$/Ton), 2017-2022
Figure 52: Global: Natural Gas Market: Breakup by Region (in %), 2022
Figure 53: Global: Natural Gas Market: Breakup by Application (in %), 2022
?
Table 1: Methanol: Physical Properties
Table 2: Methanol: Chemical Properties
Table 3: Global: Methanol Market: Key Industry Highlights, 2022 and 2028
Table 4: Global: Methanol Market Forecast: Breakup by Region (in '000 Tons), 2023-2028
Table 5: Global: Methanol Market Forecast: Breakup by Application (in '000 Tons), 2023-2028
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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