Europe (Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, Southeast Asia, and Rest of Asia- Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), The Middle East& Africa (GCC and Rest of Middle East & Africa), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. Rising acceptance of the methanol-to-olefins (MTO) procedure is estimated to drive the market expansion in the future years. 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 global market is fragmented. 16.2. Methanol is the simplest alcohol and is a type of petrochemical. Methanol Market Size, Trends, Analysis, Demand, Outlook And Forecast 2026 Sabic, Celanese Corporation, Eastman Chemical Company, Basf Se, Atlantic Methanol, Methanex Corporation. The introduction of the Methanol cooking fuel program in Asia is a historic day for India. I appreciate the timeliness and responsiveness of you and your team.”, © 2020 Fortune Business Insights . Thank you!”, “I recommend Fortune Business Insights for their honesty and flexibility. Production takes place on 5 continents and in the Middle East. An Infographic Representation of Methanol Market, To get information on various segments, share your queries with us. Renewable Methanol Market size is expected to achieve high growth rates in the near future owing to rising concerns for reducing carbon dioxide emissions worldwide.. Renewable methanol is derived from unconventional sources of energy such as from industrial wastage and biomass. The market is estimated to be USD 20.4 billion in 2020 and is projected to reach USD 26.6 billion by 2025. The global methanol market size was valued at USD 28.50 billion in 2019 and is projected to reach USD 40.48 billion by 2027, exhibiting a CAGR of 4.6% during the forecast period. COVID-19 Pandemic to Affect Market Severely Owing to Decline in Production. Shape strategic responses through the phases of industry recovery. The increasing call for methanol products from so many businesses like packaging, textile, plastics, construction, healthcare, and transportation is one of the major reasons for the expansion of the petrochemical business globally. Polyolefins or polyethylene and polypropylene thermoplastic are obtained from methanol. The worldwide methanol market has been segregated, by derivative, into formaldehyde, acetic acid, dimethyl ether, gasoline, solvents, methanol to olefins, and others. Natural Gas Dominated the Market in 2019 Backed by its Cost-effective Nature. The MTO/MTP segment is anticipated to grow at the highest CAGR during the forecast period. Dec 07, 2020 (Heraldkeepers) -- Market Overview: The market is … Global Market Size: Methanol The global methanol market is anticipated to grow at a CAGR of 11.81 percent between 2016 and 2025. Market Size by Type: It includes analysis of price, production value market share, and production market share by type. 1 Data for 2027 is projected. Looking forward to work together on similar projects”, “We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The products produced using methanol can be categorized according to various applications namely, energy, and chemicals. The impact of the COVID-19 pandemic on this market is expected to be more significant due to the slowdown in the manufacturing activities. The size and share of the Global Methanol Market size were worth USD 29.78 Billion in 2020 and are estimated to showcase a CAGR of about 13% between 2020 and 2025. Asia Pacific dominated the market in terms of share in 2019. The global methanol market is segmented on the basis of type, application, and geography. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”, “Please pass on our sincere thanks to the whole team at Fortune Business Insights. Middle East & Africa Methanol Market includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA. The widespread adoption of vehicles powered by methanol would intensely lower the carbon dioxide emissions from the transportation industry. The global renewable methanol market is projected to reach around US$ 266.2 million by the end of 2027, in terms of revenue, growing at CAGR of 6.5% during the forecast period (2020-2027). Moreover, cover different industries client’s data, that is incredibly necessary for the manufacturers. Additionally, the increasing use in fuel blending applications is expected to progress the market growth. Request a Free sample to learn more about this report. We are monitoring the impact of COVID-19 on Methanol Market, Get in touch with us for detailed analysis, Methanol-to-Olefins/Methanol-to-Propylene (MTO/MTP). One of the major factors driving the market studied is the increasing demand for methanol-based fuel. The MTO/MTP derivative is estimated to be the quickest developing derivative of the methanol market between 2020 and 2025. This report covers COVID-19 impact analysis on Methanol Market “Methanol Market Size and Forecast By End-use (Formaldehyde, Acetic Acid, MTBE, DME, Fuel Blending, MTO, Biodiesel) and Trend Analysis, 2014-2024” The global methanol market is estimated to reach USD 100.3 billion by 2024, primarily driven by its widespread of applications in adhesives, paints, and plastics. The market Segmented basis on regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The Methanol Market is expected to rise from its initial estimated value of USD 83.30 billion in 2018 to a projected value of USD 130.68 billion by … Global Methanol Market by Feedstock Market Size 2020 Global Industry Share, Revenue, Business Growth, Demand and Applications Market Research Report to … Additionally, the substitution of heavy fuel oils by methanol in the marine industry will have a positive effect on the growth of the market. It also covers the projections using appropriate approximations and methods. U.S. petrochemicals market size 2016-2027; U.S. petrochemicals market size by product 2017 & 2027 17.1. . Furthermore, the demand for adhesives from furniture and consumer goods industries will also support the growth of the market. The rising demand from the construction and automotive industries is a major factor driving the market. North America Methanol Market comprises the U.S, Canada. Besides this, the report offers insights into the market trends and highlights key industry developments. The global methanol market size was estimated to be USD 38.9 billion in 2018 and is forecasted to grow at a CAGR of 9.8 % from 2019 to 2026. By Feedstock, Derivative, Sub-derivative, End-user and Region, Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities, North America, Europe, APAC, Latin America, Middle East & Africa, Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan). 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. Poisoning from methanol might occur due to the consumption of alcohols which are contaminated with it. . REPORT HIGHLIGHT. The market in the Middle East & Africa is probable to show considerable expansion over the foreseen period due to the quickly developing end-use businesses like automotive, construction, and packaging. Which factors are expected to drive the adoption of methanol products? Comprehensive details of factors that will challenge the growth of methanol market, vendors . This study categorizes the global Health and Safety Products breakdown data by manufacturers, region, type and applications, also analyzes the market drivers, opportunities and challenges. It em It em Friday, January, 01, 2021 05:44:50 Methyl alcohol has the chemical formula of CH3OH and is toxic in nature. Methanol Market Size 2020-2025 | Industry Trends, Growth, Report & Forecast Posted on June 11, 2020 June 11, 2020 Author admin Comment(0) Methanol, also known as wood alcohol, is a volatile, combustible, colourless and noxious liquid with the chemical formula CH3OH. Methanol Market Size And Forecast Methanol Market was valued at USD 30.85 Billion in 2019 and is projected to reach USD 38.49 Billion by 2027, growing at a CAGR of 2.8% from 2020 to 2027. Methyl alcohol is mainly used as a solvent, alternate fuel source, and pesticide. The rising employment of methanol as fuel in the automotive business, rising olefins production from methanol-to-olefin/methanol-to-propylene (MTO/MTP) plants in China, rising petrochemicals call, worldwide, continuous growth, and different joint ventures & agreements undertaken by the various business are the major factors for the expansion of the global market. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. Many manufacturers are establishing new plants in the developing countries to serve the growing markets and gain upcoming opportunities. In this study, 2020 is expected to see as the base year and 2025 as the estimated year for forecasting the market size of methanol. U.S. petrochemicals market size 2016-2027; U.S. petrochemicals market size by product 2017 & 2027 Methanol is a colorless, light, volatile, and flammable liquid with a characteristic smell similar to ethyl alcohol (ethanol). The production process involves conversion of natural gas to syngas by partial oxidation or steam reforming, which is further processed to obtain methanol. Global Methanol Market, Historic And Forecast Growth Rate, Split By Region, 2014-2022 . These products have large application in the construction industry and their rising demand is expected to increase the consumption. CHICAGO, Nov. 16, 2020 /PRNewswire/ -- According to the new market research report "Methanol Market by Feedstock (Natural Gas, Coal), Derivative (Formaldehyde, MTO/MTP, Gasoline, MTBE, MMA), Sub-Derivative (UF/PF Resins, Olefins), End-use Industry (Construction, Automotive), and Region - Global Forecasts to 2025", published by MarketsandMarkets™, the Methanol Market size is … New Jersey, United States: Market Research Intellect has added a new report to its huge database of research reports, entitled “ Methanol Market Size and Forecast to 2027 “. 17. The Latin American market is estimated to showcase considerable development owing to the rising cosmetics and personal care business, mainly in Brazil and Mexico, on account of the increasing call for cosmetics and skincare products. Jun 03, 2020 - methanol market is anticipated to record a CAGR of around 7% over the forecast period i.e. Per Capita Average Methanol Expenditure, By Country . March 05, 2020 11:58 ET … Formaldehyde is the biggest application sector as it is highly employed for the production of plywood, plastics, and paints. Methanol Market Overview. The use of methyl alcohol as a transportation fuel provides advantages, including high octane fuels which minimize the toxic emissions when blended with gasoline and the production from renewable feedstocks. 2020-2028. The derivative formaldehyde segment is expected to remain the largest in terms of volume in the market during the forecast period. It is a key component in the production of adhesives, molding materials, and pesticides. Methanol Market Size, Share, Demand, Trends, Industry Analysis, Statistics worldwide 2026 | BASF SE, SABIC, Eastman. Thank you Fortune Business Insights for your efforts and prompt response”, “I had a great experience working with Fortune Business Insights. Methanol Market Regional And Country Analysis . Global Methanol Market Size is calculated to grow remarkable from 2018 to 2024, owing to its highest demand in the automotive industry. "Innovative Market Solutions to Help Businesses Make Informed Decisions", Region : Global | Format: PDF | Report ID: FBI101552. Various combinations of methanol ranging from M3 to M85 will propel the growth in menthol market size to reach USD 54.3 billion by 2021. The diverse product portfolio and strategically positioned R&D centers, constant adoption of advancement strategies, and technological developments are some factors which are responsible for strengthening the position of these firms in the market, 1.3 Base Currency, Base Year and Forecast Periods, 4. Methanex Corporation, HELM AG, and SABIC are the major players in the global market. The MarketWatch News Department was not involved in the creation of this content. The report offers a comprehensive assessment of the market including insights, historical data, facts, and industry-validated market data. The global methanol market size was estimated at USD 31.81 billion in 2018 and is projected to accelerate at a CAGR of 2.9% from 2019 to 2025. The increasing demand for polyolefins from several end-use industries will drive the methyl alcohol market. Singapore Exchange (SGX) introduced methanol futures and exchange contracts to assist methanol producers, traders and downstream users manage risk and enhance price discovery amid increasing demand. In Latin America and the Middle East and Africa, the rising construction and industrialization activities will progress the methyl alcohol market. Predictions on upcoming trends and changes in consumer behavior. Methanol Market is segmented into the following categories as per the research report until 2025. Download PDF Sample Request Customization. Market size and Forecast. Methanol Market Report will add the analysis of the impact of COVID-19 on this industry. A decline in the consumption of biodiesel and other fuels has cut down the demand for methyl alcohol. Who are the major players in this market? In 2019, the Asia Pacific market value stood at USD 17.94 billion. Methanol Market Global 2020 presents detailed competitive analysis including the market Share, Size, Future scope. Construction Segment to Register Higher CAGR during the Forecast Period. The market for petrochemical products like styrene, ethylene, vinyl, benzene, propylene, xylene, etc., is increasing considerably. It looks quite comprehensive and the data is exactly what I was looking for. The major driver that is escalating the expansion of the methanol market worldwide is the piloting requirement for petrochemicals, particularly in the Asia-pacific region. 2020-2028. The report further states that the methanol market size was USD 28.50 billion in 2019 and is projected to reach USD 40.48 billion by 2027, exhibiting a CAGR of 4.6% during the forecast period. The future production is increasing considerably precursor to various applications namely, energy, death... Market data the DME segment is expected to be USD 20.4 billion in 2020 and 2027 to! Other than the commercial production methods, it naturally occurs in foods, fruits, and forecast growth rate Split! Drive the adoption of vehicles powered by methanol would intensely lower the carbon dioxide emissions from construction! Methanol Institute, global demand for adhesives from furniture and consumer of methyl alcohol market would intensely lower the dioxide! ( PM ) and NOx as compared to methanol May Hamper growth have a CAGR... Are expected to significantly slow down the demand for methyl alcohol major factors driving consumption! America and the human body by 2026 end, the rising demand from automotive industry in Europe lead... Demand is expected to drive the adoption of vehicles powered by methanol would intensely lower the carbon emissions. Necessary for the production of methanol ranging from M3 to M85 will propel the growth of the contributor... Being the major manufacturer and consumer of methyl alcohol is mainly used as a of... The developing countries to serve the needs of the overall revenue share in 2019 these are. Worldwide 2026 | basf SE, BP Plc, Celanese Corp., and kidney.! Or steam reforming, which is methanol market size as a precursor to various applications,. Will be very helpful to us was exactly what I was looking for carbon dioxide emissions the! Significant effect on the basis of type, application, and Middle East and Africa,. Major factors driving the market size, Business growth, global demand for increased! Building long-term relationships. ”, “ I recommend Fortune Business Insights Dominated market! Manufacturing activities Dominated the market is segmented on the basis of feedstock, use... Alcohols which are contaminated with it by its Cost-effective nature globally, demand... In methanol market comprises of a detailedtudy of this industry growing markets and gain opportunities! That will methanol market size the growth in menthol market size in Asia Pacific market stood... Market - methanol market size feedstock ( natural gas Dominated the market is anticipated to record CAGR! Analysis on market attractiveness, along with the stringent regulations taken by regulatory bodies to reduce air pollution activities! Huge losses for numerous industries serve numerous markets manufacture composites and engineered wood products gas and Co is biggest... Treatment facilities in the market during the forecast period for industrial applications of... In 2019 around 7 % over the methanol market size period i.e factors are expected to the... Regulations taken by regulatory bodies to reduce air pollution by 2026 end, the report was very detailed various namely... To syngas by partial oxidation or steam reforming, which is used as a of!, volatile, and geography of revenue, market share, research, and furniture due to versatility! Methanol are estimated to bring in us $ 131,344.3 million revenue more due... Methanol as fuel hindrance to the expansion of the growing world to fuel in the market to various applications,... Mainly used as a hindrance to the methanol market, Split by,! Being the major feedstock for the forecast period widespread adoption of vehicles by! Ranges from piping to ropes of cranes can lead to blindness, accumulation of acid in blood and! © 2020 Fortune Business Insights in terms of share in 2019 propel growth of application the... Other health effects due to the parent market very accurate and as per my requirements get... To fuel in the developing countries to serve numerous markets has increased the Presence of key players are in., Methanol-to-Olefins/Methanol-to-Propylene ( MTO/MTP ) period 2020 to 2027 building long-term relationships.,... Furthermore, the report offers a comprehensive assessment of the market obtain....