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Methanol Market Status 2019: Latest Technology, Industry Growth Analysis by Size, Share, Specified Production and Consumption Analysis Forecast to 2024

Methanol

The “Methanol Market” report 2019-2024 offerings a complete outline, market shares, and growth opportunities of Methanol market by product type, application, key manufacturers and key regions and countries. The Methanol market research report analyzes the industry size, industry share, growth rate, key segments, CAGR and key drivers. This research report consists of the world’s crucial region market share, size (volume), trends including the product profit, cost, stock, scope, capacity utilization, supply, and demand and industry growth rate.

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Market Overview:

  • The market for methanol is expected to register a CAGR of 5.64% during the forecast period (2019-2024). One of the major factors driving the market studied is the increasing demand for methanol-based fuel. On the flipside, hazardous impacts on health as a result of exposure to methanol are expected to hinder the growth of the market.
  • – Formaldehyde dominated the market in 2018, and is expected to grow during the forecast period, owing to the increasing applications in the construction, automotive, and personal care industry.
  • – Increasing demand for methanol-based fuel from the marine industry is likely to act as an opportunity in the future.
  • – Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and India.<

    Some Top Players of Methanol Market Are:

  • Atlantic Methanol
  • BASF SE
  • Fairway Methanol LLC
  • Enerkem
  • Eni SpA (Ecofuel SpA)
  • Gujarat Narmada Valley Fertilizers & Chemicals Ltd
  • Methanex Corporation
  • Methanol Holdings (Trinidad) Ltd
  • Mitsubishi Gas Chemical Company Inc.
  • Oberon Fuels
  • OCI NV
  • Petroliam Nasional Berhad (PETRONAS)
  • Saudi Basic Industries Corporation (SABIC)
  • Zagros Petrochemical Co.
  • Yankuang Group
  • LyondellBasell
  • Helm AG
  • Southern Chemical Corporation

    The purpose of Methanol Market report 2019 is to give an idea to the readers in making firm commercial conclusions based on market latest trends and upcoming market improvement estimates in forecast years.

    Scope of the Report:

  • This report studies the global Methanol market size, industry status and forecast, competition landscape and growth opportunity.

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    Key Market Trends:

    Rising Demand for Methanol based Fuel

    – Methanol is considered as a gasoline component for the purpose of internal combustion and other engines, either directly or in combination with gasoline, in the form of ether (MTBE) in gasoline and fatty acid ester (FAME) in diesel. Methanol contains a number of physical properties, which makes it ideal for the transportation sector.
    – Methanol fuel is used in China as various blends, ranging from M5 to M100. Whereas, in Europe and North America, blending of fuel is limited up to few percentages in gasoline. Mid-level or high-level fuel blends of alcohol could enable manufacturers for designing high efficiency engines, to compensate for the low energy density of methanol.
    – Methanol has an ability to reduce emissions of carbon monoxide, hydrocarbons, and nitrogen oxides, as compared to gasoline. However, formaldehyde emissions tend to increase especially at cold-starts.
    – China has gained new momentum in the commercialization of methanol vehicles. According to CNFIA statistics, in China, consumption of methanol increased to 69.5 million metric ton in 2017, wherein the total fuel consumption (direct fuel, DME, MTBE) accounted for around 25% of the total consumption in the same year.
    – China alone produces 65% of the world’s methanol, and utilizes this fuel for transport. Other countries, including Israel, Italy, Japan, and South Korea, majorly use methanol as a fuel.

    Asia-Pacific Region to Dominate the Market

    – The Asia-Pacific region dominated the global market share, in 2018. With the growing petrochemical industry and increasing usage of methanol-based fuel in countries, such as China, India, and Japan, the usage of methanol is increasing in the region.
    – China is the leading producer of paints and coatings across the world. The country accounted for more than 19 million metric ton of coatings production in 2017, which is close to 30% of the global coatings output, with a growth rate of 7.2%. It currently produces more than half of the Asia-Pacific coatings, and is home to more than 10,000 paint companies, among which local producers occupy more than half of the domestic paint market share. This production is expected to contribute to the demand for numerous derivatives, such as formaldehyde, acetic acid, and MMA, and is expected to boost the demand for methanol.
    – In the recent times, in Guizhou province, approximately 5,000 methanol-fueled taxis have been in operation, which is nearly about 75% of the total methanol vehicles in the country. The government has also launched 13 methanol filling stations.
    – The current capacity of methanol in India is 2 metric ton per year. Under the Methanol Economy program by NITI Aayog, the production capacity is expected to increase by up to 20 MT of methanol, annually, by 2025, using Indian high ash coal, stranded gas, and biomass.

    Vital Pointers Counted in the Methanol Market Report:

    • Product consumption patterns
    • Valuation that each of these regions account for in the industry
    • Market share which every region holds
    • Consumption market share across the geographies
    • Product consumption growth rate
    • Geographical consumption rate

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    Detailed TOC of Methanol Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Drivers
    4.1.1 Expanding Petrochemical Sector in China and Other Asia-Pacific Countries
    4.1.2 Rising Demand for Methanol-based Fuel
    4.1.3 Growing Utilization of Methanol in the Production of Olefins Using MTO
    4.2 Restraints
    4.2.1 Usage of Ethanol Fuel or Bio Ethanol in Comparison to Methanol
    4.2.2 Hazardous Impacts on Health
    4.3 Industry Value Chain Analysis
    4.4 Porters Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition
    4.5 Global Capacity by Key Feedstock
    4.6 Technological Snapshot
    4.7 Trade Analysis
    4.8 Price Index

    5 MARKET SEGMENTATION
    5.1 Derivatives
    5.1.1 Formaldehyde
    5.1.2 Methanol-to-olefins (MTO)/Methanol-to-Propylene (MTP)
    5.1.3 Methyl Tert-butyl Ether (MTBE)/Tertiary Amyl Methyl Ether (TAME)
    5.1.4 Dimethyl Terephthalate (DMT)
    5.1.5 Acetic Acid
    5.1.6 Dimethyl Ether (DME)
    5.1.7 Methyl Methacrylate (MMA)
    5.1.8 Methylamines
    5.1.9 Other Derivatives
    5.2 End-user Industry
    5.2.1 By Direct End-user Industry
    5.2.2 By Indirect End-user Industry
    5.3 Geography
    5.3.1 Asia-Pacific
    5.3.1.1 China
    5.3.1.2 India
    5.3.1.3 Japan
    5.3.1.4 South Korea
    5.3.1.5 Rest of Asia-Pacific
    5.3.2 North America
    5.3.2.1 United States
    5.3.2.2 Canada
    5.3.2.3 Mexico
    5.3.2.4 Rest of North America
    5.3.3 Europe
    5.3.3.1 Germany
    5.3.3.2 United Kingdom
    5.3.3.3 Italy
    5.3.3.4 France
    5.3.3.5 Rest of Europe
    5.3.4 South America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Rest of South America
    5.3.5 Middle East & Africa
    5.3.5.1 Saudi Arabia
    5.3.5.2 South Africa
    5.3.5.3 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Atlantic Methanol
    6.4.2 BASF SE
    6.4.3 Fairway Methanol LLC
    6.4.4 Enerkem
    6.4.5 Eni SpA (Ecofuel SpA)
    6.4.6 Gujarat Narmada Valley Fertilizers & Chemicals Ltd
    6.4.7 Methanex Corporation
    6.4.8 Methanol Holdings (Trinidad) Ltd
    6.4.9 Mitsubishi Gas Chemical Company Inc.
    6.4.10 Oberon Fuels
    6.4.11 OCI NV
    6.4.12 Petroliam Nasional Berhad (PETRONAS)
    6.4.13 Saudi Basic Industries Corporation (SABIC)
    6.4.14 Zagros Petrochemical Co.
    6.4.15 Yankuang Group
    6.4.16 LyondellBasell
    6.4.17 Helm AG
    6.4.18 Southern Chemical Corporation

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS
    7.1 Use of Methanol in New Expanding Fuel Applications, such as in Marine

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    Alfredo Epps is a finance expert heading the petroleum column. He joined the group last year as an associate writer. But his thorough research skills and ability to seamlessly putting numerical data into words helped him get a senior position. Apart from a column head, Alfredo is a dancer and a violinist.

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