The Global methanol market is estimated to reach USD 91.53 billion by 2026 growing at a CAGR of 9.8% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Methanol Market Share, Size, Trends, & Industry Analysis Report, [By Feedstock (Natural Gas, Coal), By Derivatives (Formaldehyde, Acetic Acid, Gasoline, MTO, Gasoline, MMA), By End-Use (Automotive, Construction, Electronics, Paints & Coatings, Pharmaceuticals), By Regions]: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the natural gas feedstock segment dominated the market, in terms of revenue. In 2018, North America accounted for the majority share in the global market.
Methanol is one of the largely produced chemicals in bulk by making use of feedstock such as natural gas and coal. Approximately 200,000 kilo tons of methanol is being consumed every day for the production of other chemicals or as transportation fuels. The global methanol industry apart from large number of producers constitutes of thousands of technology innovators, distributors, service providers, and downstream manufacturers.
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Rising formaldehyde manufacturing is primarily driving the global methanol demand. Methanol is a key chemical in the production of formaldehyde which is further modified to from glues, resins, and plastics. It is also used largely in the production of acetic acid which is used in the manufacturing of PET products and polyester fibers. Methanol is among one of the largest industrial chemicals that is an essential building block for other chemical compounds.
One of the fastest growing end-use of methanol in the current scenario includes methanol to olefins (MTO). Ethylene and propylene are olefins with massive demand in the plastic growth. MTO growth opportunities have majorly appeared in China and are typically produced by the steam cracking of ethane and naphtha.
Methanol market is crucially more complex with some of its derivative affordability highly dependent on fluctuations in the prices of crude oil. The global methanol industry is anticipated to witness moderate growth rates during the forecast period. This is due to maturity in direct gasoline blending and moderating growth rates of MTO projects, especially arising from the Northeast Asia.
The end-use applications of methanol are further serving applications in direct sectors such as packaging, textiles, construction, coatings, furniture, paints, and few others. The overall market demand of methanol is considerably complex and is impacted by several factors such as fuel consumption, fuel prices, biofuel mandates, environmental policies, plastic consumption, chemical demand, and consumer housing/construction markets.
Asia Pacific is the dominant regional market for methanol followed by North America and Europe respectively. Northeast Asia is is the major region for the production of methanol. While the production stagnated in most of the regions since the turn of the century, it gained immense significance in Northeast Asia due to high demand from China.
Regions such as Middle East are low cost regions with competitive production, where it is basically a swing supplier to North America and Europe. The global ethanol pricing originates is China and on basis of same benchmarking the prices are set by the Middle East.
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Global methanol market constitutes of large number of multinational and domestic companies and is highly fragmented. Some of the major industry players for methanol include Methanex Corporation, Methanol Production Company, Eastman Chemical Company, BASF SE, SABIC, and Petronas.
Polaris Market Research has segmented the global Methanol market on the basis of Product, Derivative, End-Use and region:
Methanol Product Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2015 – 2026)
- Natural Gas
- Coal
- Others
Methanol Derivative Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2015 – 2026)
- Formaldehyde
- Acetic Acid
- Gasoline
- MTO
- MMA
- Others
Methanol End-Use Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2015 – 2026)
- Automotive
- Construction
- Electronics
- Paints & Coatings
- Pharmaceuticals
- Others
Methanol Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2015 – 2026)
- North America (U.S., Canada)
- Europe (Germany, UK, France, Italy, Spain, Belgium, Russia, Netherlands)
- Asia-Pacific (China, Japan, India, Australia, Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines)
- Latin America (Brazil, Mexico, Argentina)
- Middle East and Africa (UAE, Saudi Arabia, South Africa)
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About Polaris Market Research
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The global methanol market is estimated to reach USD 91.53 billion by 2026 growing at a CAGR of 9.8% during the forecast period, according to a new study published by Polaris Market Research.
In 2018, North America accounted for the majority share in the global market.Methanol is one of the largely produced chemicals in bulk by making use of feedstock such as natural gas and coal.
The global methanol industry apart from large number of producers constitutes of thousands of technology innovators, distributors, service providers, and downstream manufacturers.Request for sample of this research report @ https://www.polarismarketresearch.com/industry-analysis/methanol-market/request-for-sampleRising formaldehyde manufacturing is primarily driving the global methanol demand.
Methanol is among one of the largest industrial chemicals that is an essential building block for other chemical compounds.One of the fastest growing end-use of methanol in the current scenario includes methanol to olefins (MTO).
MTO growth opportunities have majorly appeared in China and are typically produced by the steam cracking of ethane and naphtha.Methanol market is crucially more complex with some of its derivative affordability highly dependent on fluctuations in the prices of crude oil.
This is due to maturity in direct gasoline blending and moderating growth rates of MTO projects, especially arising from the Northeast Asia.Browse summary of this report with TOC @ https://www.polarismarketresearch.com/industry-analysis/methanol-marketThe end-use applications of methanol are further serving applications in direct sectors such as packaging, textiles, construction, coatings, furniture, paints, and few others.
Based on the raw material, market is segmented into 4 major types: Natural Gas Type, Coal Type, Naphtha Type and Bioethanol Type.Read Free Sample Report Online: https://www.chemanalyst.com/ChemAnalyst/RequestFormMono ethylene Glycol is extensively use as a key ingredient, solvent, chemical intermediate, heat transferring agent or as a feedstock for manufacturing variety of products.
Polyester Fibers holds the major share of the MEG demand globally and is anticipated to grow at impressive rate in the forecast period.
), Home Furnishings (cushions, quilts, carpets, pillows, sleeping bags etc.
), Automotive (Airbags, Headliners, seat belts, Tire cords), Personal care (Diapers, Wipes and Hygiene products for female) is likely to boost its demand over the forecast period.Other application of Mono ethylene Glycol is Polyester film that is extensively used in manufacturing wires, cable overwrap, membrane touch switches, transformers, face shields, flexible printed circuit boards and printed labels.
However, the major restraint in the market for MEG is that the primary raw material used in its production is Petrochemical based and the volatility in the prices of petrochemicals coupled with the rise in the environmental concern to reduce carbon footprint may hinder the growth of Mono Ethylene Glycol market over the Forecast years.In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries including Mono Ethylene Glycol and the associated industries as most of the manufacturing plants were operational with very less efficacy coupled with the disruption the demand and supply chain during the lockdowns.
Though the demand from packaging sector for Mono Ethylene Glycol is increased due to the rise in e-commerce amid COVID-19 crisis and there was also a growth in the demand from pharmaceutical sector.
The global methanol market is estimated to reach USD 91.53 billion by 2026 growing at a CAGR of 9.8% during the forecast period, according to a new study published by Polaris Market Research.
The report ‘Methanol Market Share, Size, Trends, & Industry Analysis Report, [By Feedstock (Natural Gas, Coal), By Derivatives (Formaldehyde, Acetic Acid, Gasoline, MTO, Gasoline, MMA), By End-Use (Automotive, Construction, Electronics, Paints & Coatings, Pharmaceuticals), By Regions]: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends.
In 2018, the natural gas feedstock segment dominated the market, in terms of revenue.
In 2018, North America accounted for the majority share in the global market.Get Sample Copy of Methanol Market Report @ https://www.polarismarketresearch.com/industry-analysis/methanol-market/request-for-sampleOne of the fastest growing end-use of methanol in the current scenario includes methanol to olefins (MTO).
MTO growth opportunities have majorly appeared in China and are typically produced by the steam cracking of ethane and naphtha.Methanol market is crucially more complex with some of its derivative affordability highly dependent on fluctuations in the prices of crude oil.
The global methanol industry is anticipated to witness moderate growth rates during the forecast period.
