Methanol Global Market Report 2023: Rise of the Methanol Economy & Increased Production of Methanol as Liquid Fuel Alternative to Conventional Fossil Fuels Boosts Sector

DUBLIN, Feb. 17, 2023 /PRNewswire/ -- The "Methanol: Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Global Methanol Market to Reach 99.8 Million Metric Tons by 2030

In the changed post COVID-19 business landscape, the global market for Methanol estimated at 73.2 Million Metric Tons in the year 2022, is projected to reach a revised size of 99.8 Million Metric Tons by 2030, growing at a CAGR of 4% over the analysis period 2022-2030. Formaldehyde, one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach 30.4 Million Metric Tons by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Gasoline / Fuel segment is readjusted to a revised 3.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at 19.7 Million Metric Tons, While China is Forecast to Grow at 6.7% CAGR

The Methanol market in the U.S. is estimated at 19.7 Million Metric Tons in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of 21.2 Million Metric Tons by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 3.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 13.2 Million Metric Tons by the year 2030.

Select Competitors (Total 113 Featured) -

• Atlantic Methanol Production Company LLC
• LyondellBasell Industries NV
• Methanex Chile Limited
• Methanex Corporation
• Methanex New Zealand Ltd.
• Methanol Holdings (Trinidad) Limited
• Mitsubishi Gas Chemical Company Inc.
• Mitsui & Co. Ltd.
• OCI N.V.
• Qatar Fuel Additives Company Ltd.
• Repsol
• Saudi Basic Industries Corporation
• Saudi International Petrochemical Company
• Statoil ASA

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. 


Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• With World Climate Conditions in Dire Straits, the Accelerated Clean Energy Transition Opens Attractive Growth Avenues for Methanol
• Key Climate Change Indicators
• Against this Backdrop, Clean Energy Technologies Get a Boost
• Rise of the Methanol Economy & Increased Production of Methanol as Liquid Fuel Alternative to Conventional Fossil Fuels
• Chemical Intermediates Lose Share to Energy Applications
• Increasing Demand of Methanol in Automotive
• Methanol Fuel Cells Emerge as a Viable Solution for Carbon-Neutral Heavy Trucks
• Methanol Gains Attention for Use as Marine fuel
• Methanol and Ethanol: Significant Substitutes for Fuel in the Shipping Industry
• A Green Profile Makes Methanol an Ideal Vehicle and Marine Fuel
• Renewable Methanol Registers Increasing Application
• Methanol for Global Decarbonization
• Green Methanol to Help Packaging Industry Overcome Woes
• Government Guidelines for Methanol Vehicles to Boost Demand

4. GLOBAL MARKET PERSPECTIVE

• Table 1: World Methanol Market Analysis of Annual Sales in Thousand Tons for Years 2014 through 2030
• Table 2: World Recent Past, Current & Future Analysis for Methanol by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
• Table 3: World Historic Review for Methanol by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
• Table 4: World 16-Year Perspective for Methanol by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
• Table 5: World Recent Past, Current & Future Analysis for Formaldehyde by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
• Table 6: World Historic Review for Formaldehyde by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
• Table 7: World 16-Year Perspective for Formaldehyde by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
• Table 8: World Recent Past, Current & Future Analysis for Gasoline / Fuel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
• Table 9: World Historic Review for Gasoline / Fuel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
• Table 10: World 16-Year Perspective for Gasoline / Fuel by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
• Table 11: World Recent Past, Current & Future Analysis for Methanol to Olefins (MTO / MTP) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
• Table 12: World Historic Review for Methanol to Olefins (MTO / MTP) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
• Table 13: World 16-Year Perspective for Methanol to Olefins (MTO / MTP) by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
• Table 14: World Recent Past, Current & Future Analysis for Acetic Acid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
• Table 15: World Historic Review for Acetic Acid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
• Table 16: World 16-Year Perspective for Acetic Acid by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
• Table 17: World Recent Past, Current & Future Analysis for Dimethyl Ether (DME) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
• Table 18: World Historic Review for Dimethyl Ether (DME) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
• Table 19: World 16-Year Perspective for Dimethyl Ether (DME) by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
• Table 20: World Recent Past, Current & Future Analysis for Other Derivatives by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
• Table 21: World Historic Review for Other Derivatives by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
• Table 22: World 16-Year Perspective for Other Derivatives by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
• Table 23: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
• Table 24: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
• Table 25: World 16-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
• Table 26: World Recent Past, Current & Future Analysis for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
• Table 27: World Historic Review for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
• Table 28: World 16-Year Perspective for Construction by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
• Table 29: World Recent Past, Current & Future Analysis for Paints & Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
• Table 30: World Historic Review for Paints & Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
• Table 31: World 16-Year Perspective for Paints & Coatings by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
• Table 32: World Recent Past, Current & Future Analysis for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
• Table 33: World Historic Review for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
• Table 34: World 16-Year Perspective for Pharmaceuticals by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
• Table 35: World Recent Past, Current & Future Analysis for Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
• Table 36: World Historic Review for Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
• Table 37: World 16-Year Perspective for Electronics by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
• Table 38: World Recent Past, Current & Future Analysis for Packaging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
• Table 39: World Historic Review for Packaging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
• Table 40: World 16-Year Perspective for Packaging by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
• Table 41: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
• Table 42: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
• Table 43: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030

III. MARKET ANALYSIS

UNITED STATES

• Methanol Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
• Market Analytics

CANADA

JAPAN

• Methanol Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
• Market Analytics

CHINA

• Methanol Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
• Market Analytics

EUROPE

• Methanol Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
• Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

• Methanol Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
• Market Analytics

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

• Methanol Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
• Market Analytics

AFRICA

IV. COMPETITION

A selection of companies mentioned in this report includes

• Atlantic Methanol Production Company LLC
• LyondellBasell Industries NV
• Methanex Chile Limited
• Methanex Corporation
• Methanex New Zealand Ltd.
• Methanol Holdings (Trinidad) Limited
• Mitsubishi Gas Chemical Company Inc.
• Mitsui & Co. Ltd.
• OCI N.V.
• Qatar Fuel Additives Company Ltd.
• Repsol
• Saudi Basic Industries Corporation
• Saudi International Petrochemical Company
• Statoil ASA

For more information about this report visit https://www.researchandmarkets.com/r/35alil

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