Methanol Market Competitive Growth, Trends, Share By Major Key Players 2030

Methanol Market size was valued at USD 39.87 Billion in 2023 and the total Methanol Market revenue is expected to grow at a CAGR of 5.53% from 2024 to 2030, reaching nearly USD 58.13 Million.

A global Material and Chemical business-consulting firm, Maximize Market Research, has published a market intelligence and competitive landscape report on the "Methanol Market." The report is a combination of primary data and secondary data and domain experts have analysed the Methanol Market from a local, regional and global point of view. Over the forecast period, Maximize Market Research expects the Methanol Market to grow from USD 39.87 Bn. in 2023 to USD 58.13 Bn. in 2030 at a CAGR of 5.53 percent.

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Methanol Market Overview

The methanol industry spans the entire globe, with production in Asia, North and South America, Europe, Africa, and the Middle East. Worldwide, over 90 methanol plants have a combined production capacity of about 110 million metric tons (almost 36.6 billion gallons or 138 billion litters). The methanol market covers various applications, from biomass to landfill gases. The compound can be obtained from wasted CO2 to generate electricity. Since the 1800s, methanol, a primary feedstock, has served as the world's widely used industrial chemical, mainly produced using natural gas. Globally, methanol plants produce around 5,000 metric tons, which is 2.3 billion liters of methanol, every day by reforming natural gas.

Methanol Market Dynamics

The methanol market advantages significantly from its widespread use in the chemical industry as a versatile raw material. Methanol is needed for producing various chemicals and intermediates owing to its reactivity, solvency, and ease of handling. It serves as a vital feedstock for acetic acid production, which is used to manufacture vinyl acetate monomer (VAM), acetic anhydride, and various esters. These derivatives are critical for producing fibers, films, paints, solvents, and other industrial products.

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Methanol Market Regional analysis

APAC held the largest market share of about 66% in 2023 for the methanol market and is expected to dominate the market at the end of the forecast period. China, the world's largest consumer of methanol, accounts for a significant portion of the region's demand. The growth of the methanol market in Asia-Pacific is driven by increasing demand from end-use industries such as construction, automotive, and electronics. In North America, the methanol market experienced a surge in demand and price trends in Q1 2024. The USA continued to dominate the methanol market, with contract prices showing stability mid-quarter due to consistent market trades from the US to other American countries. Several shutdowns in January 2024 impacted the North American methanol market.

Methanol Market Report Scope

Market Size in 2023: USD 39.87 Bn.
Market Size in 2030: USD 58.13 Bn.
CAGR: 5.53 Percent
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 284
No. of Tables: 133
No. of Charts and Figures: 183

Segment Covered: By Feedstock, Derivatives, Sub-Derivatives, End-User.

Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage: Market Share, Size and Forecast by Revenue | 2023-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.

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Methanol Market Segmentation

By Feedstock:

• Coal
• Natural Gas
• Others

By Derivatives:

• Gasoline
• MTO/MTP
• Formaldehyde
• Methyl Tertiary Butyl Ether (MTBE)
• Acetic Acid
• Dimethyl Ether (DME)
• Methyl Methacrylate (MMA)
• Biodiesel
• Others

By Sub-Derivatives:

• Gasoline additives
• Olefins
• UF/PF resins
• VAM
• Polyacetals
• MDI
• PTA
• Acetate Esters
• Acetic anhydride
• Fuels
• Others

By End-User:

• Construction
• Automotive
• Electronics
• Appliances
• Paints & Coatings
• Insulation
• Pharmaceuticals Packaging (PET bottles)
• Solvents
• Others

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Key Players of Methanol Market include:

• Atlantic Methanol Production Company (Texas)
• Celanese Corporation (Texas)
• Eastman Chemical Company (United States)
• Methanex Corporation (Canada)
• Mitsubishi Gas Chemical Co., Inc. (United States)
• Southern Chemical Corporation (Texas)
• Natgasoline LLC (Texas)
• BASF SE (Germany)
• Methanol Holdings Limited (Trinidad & Tobago)
• Petroliam Nasional Berhad (Trinidad & Tobago)

Key questions answered in the Methanol Market are

• What is the growth rate of the Methanol Market?
• Which region is expected to dominate the Methanol Market?
• What is the expected Methanol Market size by 2030?
• Which are the top players in the Methanol Market?
• What are the factors driving the Methanol Market growth?
• Which country held the largest Methanol Market share in 2023?

Key offerings

• Past Market Size and Competitive Landscape (2018 to 2023)
• Past Pricing and price curve by region (2018 to 2023)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Recommendations

Related Reports:
• Boron Trifluoride-Methanol Complex Market
• Direct Methanol Fuel Cells Market

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