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Methanol Market By Products (Plastics & Polymers, Chlor-Alkali And Inorganics, Olefins, Aromatics, Olefin Derivatives, Syngas Chemicals) Research

Global Methanol Market

Global Methanol Market

The Methanol market is expected to grow at a CAGR of around 12% to nearly $19 billion by 2022.

Growth in the methanol market in the historic period resulted from low natural gas prices, developing economies, increased demand for vehicles, and low interest environment. Factor that negatively affected growth in the historic period was safety concerns. Going forward, economic growth and increasing end use applications of methanol will drive growth.

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The Methanol market is relatively fragmented, with the top eight competitors making up about 28% of the total market in 2018. Players in the market include Methanex Corporation, LyondellBasell Industries Holdings NV, PetroChina Company Limited, SABIC, OCI N.V.

China, Japan, India, Australia, USA, Brazil, UK, Germany, France, Spain, Italy, Russia

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Auto Thermal Reforming - Large-scale plants using natural gas as feedstock are increasingly using auto thermal reforming (ATR) for production of methanol. In this process, instead of a tubular reformer, an ATR is used which significantly reduces steam addition to freestreams. Methanol As A Fuel In Vehicles - Methanol is being blended into gasoline and is being used in vehicles to improve safety, reliability, fuel economy and lower environmental impact.

The methanol market is segmented by end use, by product
By End Use- The Methanol market can be segmented by end use into Formaldehyde, MTO/MTP, Fuel Blending, Dimethyl Ether, Acetic Acid, Methyl Tert-Butyl Ether (MTBE), Solvents, Methylamines, MMA, Chloro-methanes, and others. The formaldehyde market was the largest segment of the methanol market in 2018 at around 31%. The MTO/MTP market is expected to be the fastest-growing segment.

By Type of Product- The Methanol market can be segmented by type of product into plastics & polymers, chlor-alkali and inorganics, olefins, aromatics, olefin derivatives, syngas chemicals.

By Geography- The Methanol market is segmented into Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa), and China and the USA. Among these regions, Asia-Pacific is the largest market for methanol, accounting for about 44% of the global market. It was followed by North America, Western Europe and then the other regions. Going forward, Asia-Pacific and Middle East will be the fastest growing regions in this market. These will be followed by South America and Eastern Europe.

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