Poisoning from methanol might occur due to the consumption of alcohols which are contaminated with it. The driving factors for Methanol market is its growing demand from automotive industry. Additionally, China being the major manufacturer and consumer of methyl alcohol derivatives will have a significant effect on the methanol market growth. North America is another major market for methanol owing to its rising employment in water treatment facilities in the denitrification procedure as it assists in decreasing the volume of dangerous effluents discharged. Also, it is used as a fuel on account of its remarkable blending aspects. We use cookies to enhance your experience. Today’s market size shows methanol revenues for 2018, 2020 and 2027. Nowadays it is largely manufactured from natural gas. March 05, 2020 11:58 ET … Research Corridor new comprehensive study on methanol market offers in-depth analysis on industry trends, market size, competitive analysis and market forecast - 2020 to 2027. Comprehensive details of factors that will challenge the growth of methanol market, vendors . 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). For example, Methanex Corporation, one of the major players in the market, halted its plants located in Chile and Trinidad with the production capacities of 800 KT per annum and 850 KT per annum, respectively. It looks quite comprehensive and the data is exactly what I was looking for. Which is the leading segment in the market? Besides this, the report offers insights into the market trends and highlights key industry developments. LONDON--(BUSINESS WIRE)--The global methanol market size is expected to grow by USD 15.62 billion during 2020-2024, progressing at a CAGR of over 10% during the forecast period. According to the Methanol Institute around 200, water treatment facilities in the US utilize methanol in the denitrification procedure. Email Print Friendly Share. According to the Methanol Institute, global demand for methanol increased at a compound annual growth rate of 5.9% from 2014 to 2019. Asia Pacific Methanol Market includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore, & Rest of APAC. The emergence of the COVID-19 pandemic is causing huge losses for numerous industries. Report ID: 285098 Format: Electronic (PDF) Share: Get detailed analysis of COVID-19 impact on the Global Methanol Market Download PDF Sample . 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. 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. Your Details are Submited Successfully...!! “We are happy with the professionalism of your in-house research team as well as the quality of your research reports. U.S. petrochemicals market size 2016-2027; U.S. petrochemicals market size by product 2017 & 2027 Plastics play an important role in the automobiles by reducing the overall weight of the vehicle, thereby imparting properties similar to metals, and improving the fuel efficiency of the vehicle. The DME segment is expected to lead this market during the forecast period. Polyolefins or polyethylene and polypropylene thermoplastic are obtained from methanol. By continuing to visit this site you agree to our use of cookies . Methanol Market Overview. 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. REPORT HIGHLIGHT. This is a very good piece of work and will be very helpful to us going forward. Methanol is a light flammable liquid that can be obtained with the help of natural gas, oil, coal, or renewable resources like biomass and landfill gas as a feedstock. This report covers the present market conditions and the growth prospects of the global methanol market for 2019-2027 and considered the revenue generated through the sales of methanol for derivatives to calculate the market size by considering 2018 as the base year. Value (USD billion) and Volume (Million ton). 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. Many manufacturers are establishing new plants in the developing countries to serve the growing markets and gain upcoming opportunities. These thermoplastics are favored in various industries including automotive, construction, and furniture due to their versatility and other beneficial properties. Additionally, the increasing use in fuel blending applications is expected to progress the market growth. Which factors are expected to drive the adoption of methanol products? 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. Who are the major players in this market? Owing to the toxicity, it is usually added to ethyl alcohol to produce denatured alcohol which is used for industrial applications. Market size and Forecast. 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. The natural gas segment held a dominant methanol market share in 2019. The consumption of methanol is escalating in the building and construction business where formaldehyde-based resins are employed to manufacture composites and engineered wood products. Additionally, the substitution of heavy fuel oils by methanol in the marine industry will have a positive effect on the growth of the market. Methanol Market Report will add the analysis of the impact of COVID-19 on this industry. 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. 1 Data for 2027 is projected. 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. Global Methanol Market, Historic And Forecast Growth Rate, Split By Region, 2014-2022 . To know how our report can help streamline your business, Speak to Analyst, MTO/MTP Segment to Grow at Fast Pace Stoked by High Demand from Various Industries. 17.1. 17.2. The MarketWatch News Department was not involved in the creation of this content. 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. The report was very accurate and as per my requirements. Global Methanol Market Size And Forecast. It is the major contributor to the growth of the market owing to the expansion of the automotive and construction industries. The global market is fragmented. 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. The rising demand from the construction and automotive industries is a major factor driving the 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. These safe handling canister based cooking stoves are manufactured using from Swedish Technology and a large-scale cooking stove making plant will come up in India in the coming 18 months. The MTO/MTP segment is anticipated to grow at the highest CAGR during the forecast period. Today’s market size shows methanol revenues for 2018, 2020 and 2027. It em It em Friday, January, 01, 2021 05:44:50 Global Methanol Market by Feedstock Market Size 2020 Global Industry Share, Revenue, Business Growth, Demand and Applications Market Research Report to … Pharmaceutical Segment is expected to be the leading segment in Methanol Market during the forecast period. Methanol is the simplest alcohol and is a type of petrochemical. Transition of Fuel Industry to Cleaner Fuels is a Prominent Trend. It is broadly employed as a substitute to fuel in the transportation business due to excellent blending properties and high octane rating. Methanol Market listed major players in the research report: The firms like Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan) are the dominating participants in the worldwide methanol market. Global Methanol Market Size And Forecast. Methanol Market Size, Trends, Analysis, Demand, Outlook And Forecast 2026 Sabic, Celanese Corporation, Eastman Chemical Company, Basf Se, Atlantic Methanol, Methanex Corporation. What was the value of the market in Asia Pacific in 2019? 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 “. Market Outlook and Investment Opportunities, Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped, Segment-level analysis in terms of by feedstock,by end use,along with market size forecasts and estimations to detect key areas of industry growth in detail, Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics, Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis, Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development, A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment, Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies, An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions, Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market, Global Methanol  Market By Region, From 2020-2025 ( USD Billion ), Global Methanol  Market By Feedstock, From 2020-2025 ( USD Billion ), Global Natural Gas Market By Region, From 2020-2025 ( USD Billion ), Global Coal Market By Region, From 2020-2025 ( USD Billion ), Global Methanol  Market By Derivative, From 2020-2025 ( USD Billion ), Global Formaldehyde Market By Region, From 2020-2025 ( USD Billion ), Global MTO/MTP Market By Region, From 2020-2025 ( USD Billion ), Global Gasoline Market By Region, From 2020-2025 ( USD Billion ), Global MTBE Market By Region, From 2020-2025 ( USD Billion ), Global MMA Market By Region, From 2020-2025 ( USD Billion ), Global Methanol  Market By Sub-Derivative, From 2020-2025 ( USD Billion ), Global UF/PF Resins Market By Region, From 2020-2025 ( USD Billion ), Global Olefins Market By Region, From 2020-2025 ( USD Billion ), Global Methanol  Market By End-Use Industry, From 2020-2025 ( USD Billion ), Global Construction Market By Region, From 2020-2025 ( USD Billion ), Global Automotive Market By Region, From 2020-2025 ( USD Billion ), Global Electronics Market By Region, From 2020-2025 ( USD Billion ), Please wait. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC), 5.1.4  Y-o-Y Growth Analysis, By Feedstock, 5.1.5  Market Attractiveness Analysis, By Feedstock, 5.1.6  Market Share Analysis, By Feedstock, 5.2.7 Y-o-Y Growth Analysis, By Derivative, 5.2.8 Market Attractiveness Analysis, By Derivative, 5.2.9 Market Share Analysis, By Derivative, 5.3.4 Y-o-Y Growth Analysis, By Sub-derivatives, 5.3.5  Market Attractiveness Analysis, By Sub-derivatives, 5.3.6  Market Share Analysis, By Sub-derivatives, 5.4.5 Y-o-Y Growth Analysis, By End-Use Industry, 5.4.6  Market Attractiveness Analysis, By End-Use Industry, 5.4.7  Market Share Analysis, By End-Use Industry, 7.2.4 Threat of Substitute Products and Services, 7.2.5 Competitive Rivalry within the Industry, 9.3 Agreements, collaborations and Joint Ventures, 10. Based on derivatives, the market is segmented into formaldehyde, acetic acid, MTBE, DME, gasoline blending, biodiesel, MTO/MTP, solvent, and others. Furthermore, the demand for adhesives from furniture and consumer goods industries will also support the growth of the market. The market is estimated to be USD 20.4 billion in 2020 and is projected to reach USD 26.6 billion by 2025. The market in Asia-Pacific accounted for the highest share of the global methanol market in 2019 and is estimated to continue its lead over the forecast period. Moreover, cover different industries client’s data, that is incredibly necessary for the manufacturers. Growing concern for the environment along with the stringent regulations taken by regulatory bodies to reduce air pollution. U.S. petrochemicals market size 2016-2027; U.S. petrochemicals market size by product 2017 & 2027 Jun 03, 2020 - methanol market is anticipated to record a CAGR of around 7% over the forecast period i.e. The report offers a comprehensive assessment of the market including insights, historical data, facts, and industry-validated market data. Methyl alcohol has the chemical formula of CH3OH and is toxic in nature. Methyl alcohol acts as a precursor to various chemicals and compounds such as adhesives, plastics, textiles, insulation materials, and others. Looking forward to work together on similar projects”, “We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. “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. Methanol in the future years USD 26.6 billion by 2021 support the of... Basis on regions such as foams, adhesives, plywood subfloors, and plastics alcohol is mainly as..., Statistics worldwide 2026 | basf SE, SABIC, Eastman such an exhaustive comprehensive! To remain the largest in terms of application, and biomass & renewables textiles, insulation,... Site you agree to our use of plastics ranges from piping to ropes of cranes 7 % the... Remarkable blending aspects factors that will challenge the growth of the market during the forecast period are the major driving! And pesticides © 2020 Fortune Business Insights for your efforts and prompt response ”, 2020! Will add the analysis of the methanol market participants during 2020-2024 can lead to the expansion of the of! Is toxic in nature using appropriate approximations and methods Department was not involved in the and... Statistics worldwide 2026 | basf SE, SABIC, Eastman other health effects due to the toxicity, methanol market size. Categories as per my requirements the needs of the fuel industry to Cleaner fuels is a factor. Significant CAGR during the forecast period in 2019 Europe will lead to the slowdown in the consumption of products. 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