NEW YORK, Nov. 3, 2021 /PRNewswire/ -- The global methanol market is set to grow by USD 13.23 billion between 2020 and 2025, accelerating at a CAGR of over 10% during the forecast period. The market is segmented by end-user (automotive, construction, electronics, paints and coatings, and others), derivative type (formaldehyde, acetic acid, gasoline, DME, and others), and geography (APAC, Europe, North America, MEA, and South America). The report provides detailed insights into how vendors are performing in terms of revenue generation, market position, product launches, and customer base among others.
Purchase our full report on the methanol market for a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.
Methanol market size to increase by USD 13.23 billion at over 10% CAGR between 2020 and 2025
9.80% year-over-year growth expected in 2021
78% market growth to originate in APAC during the forecast period
Automotive segment accounted for maximum growth in the market in 2020
Dominant vendors include BASF SE, Celanese Corp., ENERKEM Inc., and others
Methanol Market: Growth Drivers and Restraints
The methanol market is driven by the rising demand for methanol from China. Methanol easily blends with conventional fossil fuels to offer clean fuel benefits at a low cost. Hence, the use of methanol as fuel has been gaining momentum in developing countries such as China, Brazil, and India. In China, methanol is emerging as an ideal solution in meeting the country's increasing fuel demands. Besides, the high availability of coal resources has helped China to become the prominent consumer and producer of methanol worldwide. All these factors are increasing the demand and consumption of methanol in China, which is driving the market growth.
"Although the increasing adoption of the MTO technology and the increasing demand for petrochemicals in APAC will further boost the market growth, fluctuating prices of methanol might reduce the growth opportunities for market players", says an analyst at Technavio.
The methanol market report answers questions such as:
Is the market structure fragmented or concentrated?
What was the market size in 2020 and the forecast of the methanol market through 2025?
Which are the best segment areas to invest in over the forecast period?
What is the market share of dominant and strong vendors in the methanol market?
What are the inhibiting factors and the impact of the COVID-19 on the methanol market growth?
What are the latest trends and regulatory frameworks in the methanol market?
Get all your questions answered in our full report.
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Global Formaldehyde Market – Global formaldehyde market is segmented by end-user (construction and furniture, automotive, and others), derivatives (urea formaldehyde, phenol formaldehyde, melamine formaldehyde, polyoxymethylene, and others), and geography (APAC, North America, Europe, South America, and MEA). Download Exclusive Free Sample Report
Methanol Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of over 10%
Market growth 2021-2025
USD 13.23 billion
YoY growth (%)
APAC, Europe, North America, MEA, and South America
Performing market contribution
APAC at 78%
Key consumer countries
China, South Korea (Republic of Korea), Japan, US, and India
Leading companies, competitive strategies, consumer engagement scope
BASF SE, Celanese Corp., ENERKEM Inc., INEOS Group Holdings SA, LyondellBasell Industries NV, Methanex Corp., OCI NV, and Proman AG
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.