Reports
The global Methanol Market share was valued approximately USD 39.63 Billion in the base year of 2021. In 2027, the global Methanol market size is likely to attain a value of around USD 51.13 Billion. The progress of the market throughout the projected years between 2022-2027 will be increasing at a CAGR of 4.3%.
The rising demand for methanol-based fuel is projected to be one of the primary drivers of the methanol market. Furthermore, the need for methanol to synthesise dimethyl ether and Methyl tert-butyl ether (MTBE), which are used as gasoline substitutes, is further propelling the global Methanol market growth.
In the global Methanol market analysis, Asia (65%) region holds the largest market share.
August 02, 2022- Methanex Corporation recorded gains of USD 125 million or USD 1.41 per share in the second quarter of 2022 compared to USD 107 million or USD 1.31 per share in the prior quarter.
Methanol is a chemical known as methyl alcohol and other names. It is the plainest alcohol. It is a flammable, light, instable, colourless liquid with a pronounced alcoholic odour comparable to ethanol (potable alcohol). It's an organic solvent that's widely utilised. Many types of bacteria create methanol spontaneously, and it can be found in tiny levels in the environment.
The global Methanol market research is classified by application (Formaldehyde, MTO, Fuel Applications, MTBE, Acetic Acid, MMA, Methylamines).
On the basis of region global Methanol market in North America, Europe, Asia Pacific, the Middle East, and Africa, and South America are the categories.
China leads the global production of Methanol & DME. It produces most of its methanol from coal due to the availability of the region's third-largest coal reserves in the world. India is following the country's growth furthering the global Methanol market development. Asia also dominates the greatest number of arranged and announced capacity expansion projects for methanol production at 25. China will account for more than 21.58mtpa by 2026.
Methanol is derived from mixing carbon monoxide and hydrogen across a catalyst. Usually, the combination of copper and zinc oxides kept on alumina is used. In the manufacture of synthesis gas from methane, three moles of hydrogen are produced for every mole of carbon monoxide. In contrast, the synthesis utilises only two moles of hydrogen gas for every mole of carbon monoxide. Injecting carbon dioxide into the methanol synthesis reactor, where it combines to generate methanol, is one technique to cope with surplus hydrogen.
The process begins with converting CO into CO2, which is subsequently hydrogenated, with the H2O by-product recycled by the water-gas shift reaction. As a result, the total response is the same as the one described above. A direct supply of hydrogen and CO2 can be utilised similarly to methanol production from synthesis gas. The key benefit of this method is that it can employ collected CO2 and hydrogen from electrolysis, which eliminates the need for fossil fuels. Enzymes like methane monooxygenases are engaged in the catalytic transformation of methane to methanol.
Methanol can be used as a raw material in chemicals, including formaldehyde and acetic acid, employed in products like foams, solvents, windshield washer fluid, adhesives, and plywood subfloors.
It is also used as a liquid fuel to power buses, ships, cars, and trucks. It is cheap and sustainable and minimises emissions like nitrogen oxides (NOx), sulphur oxides (SOx), and particulate matter (PM), boosting the global Methanol market demand.
Its chemical properties enable it to increase the boiling point and drop the freezing point of a water-based liquid. Due to the following, it is used as an antifreeze in windshield washer fluid.
The chemical finds application as an industrial solvent to make resins, dyes, inks, and adhesives. It is used as a solvent in manufacturing essential pharmaceutical ingredients and products, including streptomycin, cholesterol, vitamins, and hormones proliferating the global Methanol market Opportunity.
Methanex Corporation - Methanex is the largest producer and supplier of methanol worldwide, established across international markets in the Asia Pacific, South America, North America, and Europe. The company is headquartered in Vancouver, Canada and has operations in Egypt, Trinidad, Canada, Tobago, New Zealand, Chile, and the United States. There are around 1,300 employees in the company managing functions.
Ar Razi Saudi Methanol Company - It is an extension of SABIC based in Saudi Arabia in partnership with the Japanese Mitsubishi Gas Chemical Company.
Methanol (Holdings) Trinidad Ltd. (MHTL) - The company is a functional petrochemical complex based in the County of Caroni, Trinidad, and Tobago. Its commercial operations began in 1984 and had an annual functioning capacity of 5.4mtpa.
Zagros Petrochemical Company - The Company was started to enforce Iran's third social, economic, and cultural development plan founded in 2000 to achieve a significant share in the methanol market.
Shenhua Ningxia Coal Group Corporation Limited - The Company is based in Beijing that offers products and services in Sulphur, Recovered, Ammonia, and Methanol.
1. Executive Summary
2. Global Methanol Market Snapshot
2.1. Methanol Market Outlook
2.2. Methanol Industry Analysis by Application
2.2.1. Formaldehyde
2.2.2. MTO
2.2.3. Fuel Applications
2.2.4. MTBE
2.2.5. Acetic Acid
2.2.6. MMA
2.2.7. Methylamines
2.3. Regional Overview
2.3.1. North America
2.3.2. Europe
2.3.3. Asia Pacific
2.3.4. Latin America
2.3.5. MEA
3. Impact of Recent Events
4. Methanol Value Chain Analysis
5. Methanol Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Methanol Cost Structure
9. Methanol Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Methanol Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Feedstock Market Analysis
13.1. Market Overview
13.2. Price Analysis
14. Industry best practices
14.1. Sourcing strategy
14.2. Procurement Model
14.3. Contract Structure
14.4. Negotiation Levers
14.5. Pricing Model
14.6. Key Factors Influencing the Quotation
15. Key Supplier Analysis
15.1. Methanex Corporation
15.2. Ar Razi Saudi Methanol Company
15.3. Methanol (Holdings) Trinidad Ltd. (MHTL)
15.4. Zagros Petrochemical Company
15.5. Shenhua Ningxia Coal Group Corporation Limited
The accumulated value of the market in 2021 was around USD 39.63 billion.
By the forecast year of 2027, the Market is likely to obtain a total value of USD 51.13 billion.
The market is propelling at a CAGR of 4.3%.
Formaldehyde (25%) is the major application segment which is boosting the market.
Methanex, Ar Razi, Methanol (Holdings) Trinidad Ltd. (MHTL), Zagros Petrochemical, Shenhua Ningxia Coal are the leading market players functioning in the global Methanol market report.
The global Methanol Market attained a value of USD 39.63 billion in 2021, driven by the rising demand for methanol-based fuel. The primary driver of the methanol industry is the usage of petrochemicals in end-use sectors such as automotive and construction. Furthermore, the need for methanol to synthesise dimethyl ether and Methyl tert-butyl ether (MTBE), which are used as gasoline substitutes, is augmenting the market growth. Aided by its wide range of applications such as in the solvent, pharmaceutical industry, etc., the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 4.3%. The market is projected to reach USD 51.13 billion by 2027.
Procurement Resources’ detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise thus, delivering its customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
At Procurement Resource our analysts are selected after they are assessed thoroughly on having required qualities so that they can work effectively and productively and are able to execute projects based on the expectations shared by our clients. Our team is hence, technically exceptional, strategic, pragmatic, well experienced and competent.
We understand the cruciality of high-quality assessments that are important for our clients to take timely decisions and plan strategically. We have been continuously upgrading our tools and resources over the past years to become useful partners for our clientele. Our research methods are supported by most recent technology, our trusted and verified databases that are modified as per the needs help us serve our clients effectively every time and puts them ahead of their competitors.
Our team provides a detailed, high quality and deeply researched evaluations in competitive prices, that are unmatchable, and demonstrates our understanding of our client’s resource composition. These reports support our clientele make important procurement and supply chains choices that further helps them to place themselves ahead of their counterparts. We also offer attractive discounts or rebates on our forth coming reports.
Our vision is to enable our clients with superior quality market assessment and actionable evaluations to assist them with taking timely and right decisions. We are always ready to deliver our clients with maximum results by delivering them with customised suggestions to meet their exact needs within the specified timeline and help them understand the market dynamics in a better way.
Email Delivery Price: $ 999.00
The global nutmeg market reached a value of about 134 thousand tonnes in 2021. The industry is further expected to grow at a CAGR of about 4.5% in the forecast period of 2022-2027 to reach a value of around 167 thousand tonnes by 2027.
Read MoreEmail Delivery Price: $ 999.00
The global Artificial Intelligence Market reached a value of about USD 192 Billion in 2021. The industry is projected to grow at a CAGR of around 23% in the forecast period of 2022-2027 to reach a value of about USD 664.86 Billion by 2027.
Read MoreEmail Delivery Price: $ 999.00
The global HEOR market reached a value of about USD 1364.3 million in 2021. The industry is further expected to grow at a CAGR of about 12.81% in the forecast period of 2022-2027 to reach a value of around USD 2779.2 million by 2027.
Read More