Methanol Market Outlook

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.

Global Methanol Market Update

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.

Market Definition and Segmentation

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.

Asia (65%) Region is Driving the Growth of the global Methanol Market

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.

Global Methanol Market Comprehension

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.

The Chemical Properties of Methanol is Further Driving the Market

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.

Global Methanol Market Key Players

• Methanex Corporation
• Ar Razi Saudi Methanol Company
• Methanol (Holdings) Trinidad Ltd. (MHTL)
• Zagros Petrochemical Company
• Shenhua Ningxia Coal Group Corporation Limited

Competition in the Global Methanol Market

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.