The global Methanol Market research report 2030, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Methanol market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Data Bridge Market Research analyses that the methanol market which was USD 30.50 billion in 2022, would rocket up to USD 44.43 billion by 2030, and is expected to undergo a CAGR of 4.8% during the forecast period.
Top Companies in the Global Methanol Market:
Methanex Corporation (Canada), Proman Infrastructure Services Pvt. Ltd. (Switzerland), SABIC (Saudi Arabia), Yankuang Energy Group Company Limited (China), ZPCIR (Iran), Celanese Corporation (Texas), BASF SE (Germany), Petroliam Nasional Berhad (PETRONAS) (Malaysia), Mitsubishi Gas Chemical Company Inc. (Japan), Mitsui & Co., Ltd. (Japan),), LyondellBasell Industries B.V. (U.S), OCI (Netherlands), Metafrax Group (Russia), Sipchem Company (Saudi Arabia), among others.
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Market Segmentation:
Type
• Natural Gas
• Coal
• Others
Derivatives
• Formaldehyde
• Acetic Acid
• MTBE
• MMA
• Gasoline Blending, Biodiesel
• DME
• TAME
• DMT
• MTO/MTP
• Others
Sub-Derivatives
• Gasoline additives
• Olefins
• UF/PF resins
• VAM, Polyacetals
• MDI
• PTA
• Acetate Esters
• Acetic anhydride
• Fuels
• Others
End-Use Industry
• Construction
• Automotive
• Electrical & Electronics
• Pharmaceuticals
• Packaging
• Paints and Coatings
• Agriculture
• Others
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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Drivers
High Demand for Methanol:
The extensive use of methanol in large-scale petrochemical manufacturing is a major driver for the global methanol market. The rising demand for petrochemicals, particularly in end-use sectors like automotive and construction, propels the industry. Key organic chemicals produced in significant volumes in the petrochemical sector include methanol, ethylene, butadiene, benzene, toluene, and xylenes. Olefins, comprising ethylene, propylene, butadiene, and butylene, are crucial components derived from methanol, making it a primary petrochemical. The substantial growth in methanol-to-olefins (MTO) and methanol-to-propylene (MTP) derivative sectors, especially in China with coal-based MTO plants, contributes significantly to the methanol market's expansion.
Increased Demand for Clean-Burning Fuels:
The growing interest in clean-burning fuels and evolving regulations are driving new applications for methanol as a fuel with lower emissions. Methanol is gaining traction as a maritime fuel due to its environmental benefits, global availability, economic competitiveness, and safe use. Stringent air quality emission regulations in regions like Shandong and Beijing in China are accelerating the shift from coal-fueled industrial boilers to cleaner fuels, creating a burgeoning market for methanol as an alternative fuel. Methanol's low production cost, minimal infrastructure requirements as a liquid fuel, and increasing demand for natural gas as a feedstock in various industries further contribute to market growth. The expansion of the automotive industry is expected to further boost the market.
Opportunities
Expansion of Production Capabilities and Emphasis on Low-Emission Fuels:
Key manufacturers are strategically focusing on expanding their production capabilities to meet the growing market demand, offering lucrative opportunities for market players between 2023 and 2030. Additionally, the rising interest in low-emission fuels presents potential avenues for future growth in the global methanol market.
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