Methanol Market Size, Share & Trends Analysis Report By Application (Formaldehyde, Acetic Acid, MTBE, DME, Fuel Blending, MTO, Biodiesel), By Region, And Segment Forecasts, 2019 - 2025

Published: Oct, 2019 | Pages: 70 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The global methanol market size is projected to reach USD 38.98 billion by 2025, registering a 2.9% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Exceptional blending capacity and high octane rating of the product are the key factors driving the consumption of methanol as fuel.

Methanol, also known as methyl alcohol or wood alcohol, is a light, colorless, volatile, and flammable liquid with an odor similar to that of ethanol or drinking alcohol. It is one of the most extensively used industrial chemicals and acts as a precursor during the production of formaldehyde, acetic acid, Methyl Tert-Butyl Ether (MTBE), Dimethyl Ether (DME), biodiesels, olefins, and others.

Japan accounts for approximately 7% of the overall methanol production in Asia and relies on imports to meet the local demand, owing to the low in-house production capacity of the country. However, various Japan-based manufacturers, including Mitsubishi Gas Chemicals have been picking up pace in terms of production and are benefitting by stable market prices.

Increasing demand for acetic acid, formaldehyde, and DME are considered as the key drivers for the growth of the methanol Industry in Asia Pacific. In addition, the supply and demand of the product across Asia Pacific is projected to be stable during the forecast period, with slight turbulence caused by the U.S. and China trade war.

The significant demand for methanol in North America is driven by a strong supply of the product to cater to the rising demand for MTBE, acetic acid, and formaldehyde. In 2018, the market was stable, backed by the steady supply of natural gas at low costs. Also, increasing biodiesel projects to be commissioned till 2021 is among the other prominent drivers fueling the regional demand for methanol in near future.

Further key findings from the report suggest:

• Methanol to Olefins (MTO) segment is anticipated to expand at a CAGR of 6.6%, in terms of revenue, from 2019 to 2025 as they are used in large quantities for the production of propylene and ethylene, used for producing synthetic rubber, synthetic plastic, pharmaceuticals, and textile dyes

• The U.S. methanol market is anticipated to reach 7,769.5 kilotons by 2025. Development of shale gas has encouraged manufacturers to step up their efforts to increase their production capacity

• Asia Pacific is expected to account for the largest market share in terms of volume as well as revenue, over the forecast period. Factors such as rising affordability and rapid industrialization in countries such as China, India, and Japan are expected to drive the regional demand

• Some of the key market participants are Zagros Petrochemical Company, BASF, Celanese Corporation, Mitsui & Co., Ltd, Saudi Arabia Basic Industries Corporation (SABIC), Methanex Corporation, Petroliam Nasional Berhad, and Valero Marketing & Supply Company

• Prominent market players engage in developing novel production technologies and expansion of their plant capacities to gain competitive advantage

 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Market segmentation & scope
                   1.2 Market definition
                   1.3 Information procurement
                       1.3.1 Purchased database
                       1.3.2 Gvr's internal database
                       1.3.3 Secondary sources
                       1.3.4 Third party perspective
                       1.3.5 Primary research
                   1.4 Information analysis & data analysis models
Chapter 2 Market Summary
                   2.1 Methanol market - Industry summary & key buying criteria
Chapter 3 Methanol Market Trends: Industry Outlook
                   3.1 Introduction
                   3.2 Key industry trends
                       3.2.1 Raw material trends
                       3.2.2 Technology trends
                       3.2.3 Application trends
                       3.2.4 Regulatory trends
                   3.3 Value chain analysis
                       3.3.1 Sales channel analysis
                   3.4 Market dynamics
                       3.4.1 Market driver analysis
                           3.4.1.1 Growing demand for biodiesel
                           3.4.1.2 Rising popularity of MTO process
                       3.4.2 Market restraint analysis
                           3.4.2.1 Health concerns due to exposure of methanol
                       3.4.3 Opportunity assessment
                           3.4.3.1 Increasing consumption of biodiesel in the maritime industry
                           3.4.3.2 Rising trend of fuel blending
                   3.5 PESTEL analysis
                   3.6 Porter's five forces' analysis
                   3.7 SWOT
Chapter 4 Methanol Market Application Outlook
                   4.1 Methanol market - Application movement analysis, 2018 & 2025
                       4.1.1 Formaldehyde
                           4.1.1.1 Methanol market estimates & forecasts in formaldehyde, 2014 - 2025 (Kilotons) (USD Million)
                       4.1.2 Acetic acid
                           4.1.2.1 Methanol market estimates & forecasts in acetic acid, 2014 - 2025 (Kilotons) (USD Million)
                       4.1.3 Methyl tert-butyl ether (MTBE)
                           4.1.3.1 Methanol market estimates & forecasts in MTBE, 2014 - 2025 (Kilotons) (USD Million)
                       4.1.4 Dimethyl ether (DME)
                           4.1.4.1 Methanol market estimates & forecasts in DME, 2014 - 2025 (Kilotons) (USD Million)
                       4.1.5 Fuel blending
                           4.1.5.1 Methanol market estimates & forecasts in fuel blending, 2014 - 2025 (Kilotons) (USD Million)
                       4.1.6 Methanol to olefins
                           4.1.6.1 Methanol market estimates & forecasts in MTO, 2014 - 2025 (Kilotons) (USD Million)
                       4.1.7 Biodiesel
                           4.1.7.1 Methanol market estimates & forecasts in biodiesel, 2014 - 2025 (Kilotons) (USD Million)
                       4.1.8 Others
                           4.1.8.1 Methanol market estimates & forecasts in others, 2014 - 2025 (Kilotons) (USD Million)
Chapter 5 Methanol Market Regional Outlook
                   5.1 Methanol market movement, by region, 2018 & 2025
                       5.1.1 North America
                           5.1.1.1 North America methanol market estimates and forecast
                           5.1.1.2 North America market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                           5.1.1.3 U.S.
                           5.1.1.4 U.S. methanol market estimates and forecast
                           5.1.1.5 U.S. estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                       5.1.2 Europe
                           5.1.2.1 Europe methanol market estimates and forecast
                           5.1.2.2 Europe market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                           5.1.2.3 Germany
                           5.1.2.4 Germany methanol market estimates and forecast
                           5.1.2.5 Germany estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                       5.1.3 Asia Pacific
                           5.1.3.1 Asia Pacific methanol market estimates and forecast
                           5.1.3.2 Asia Pacific market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                           5.1.3.3 China
                           5.1.3.4 China methanol market estimates and forecast
                           5.1.3.5 China estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                           5.1.3.6 India
                           5.1.3.7 India methanol market estimates and forecast
                           5.1.3.8 India estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                           5.1.3.9 Japan
                           5.1.3.10 Japan methanol market estimates and forecast
                           5.1.3.11 Japan estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                       5.1.4 Central & South America
                           5.1.4.1 Central & South America methanol market estimates and forecast
                           5.1.4.2 Central & South market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                       5.1.5 Middle East & Africa
                           5.1.5.1 Middle East & Africa methanol market estimates and forecast
                           5.1.5.2 Middle East & Africa market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
Chapter 6 Competitive Landscape
                   6.1 Company market share, 2018
                   6.2 Strategic Framework
                   6.3 Potential Customer Base Concentration
                   6.4 Company Market Positioning
                   6.5 Production Capacities, 2018
                   6.6 Company Profiles
                       6.6.1 BASF SE
                           6.6.1.1 Company overview
                           6.6.1.2 Financial performance
                           6.6.1.3 Product benchmarking
                           6.6.1.4 SWOT
                           6.6.1.5 Recent initiatives & future strategies
                       6.6.2 Zagros Petrochemical Company
                           6.6.2.1 company overview
                           6.6.2.2 Financial performance
                           6.6.2.3 Product benchmarking
                       6.6.3 Mitsui & Co. Ltd.
                           6.6.3.1 Company overview
                           6.6.3.2 Financial performance
                           6.6.3.3 Product benchmarking
                           6.6.3.4 SWOT
                           6.6.3.5 Recent initiatives & future strategies
                       6.6.4 Celanese Corporation
                           6.6.4.1 Company overview
                           6.6.4.2 Financial performance
                           6.6.4.3 Product benchmarking
                           6.6.4.4 SWOT
                           6.6.4.5 Recent initiatives & future strategies
                       6.6.5 Petroliam Nasional Berhad (PETRONAS)
                           6.6.5.1 Company overview
                           6.6.5.2 Financial performance
                           6.6.5.3 Product benchmarking
                           6.6.5.4 SWOT
                           6.6.5.5 Recent initiatives & future strategies
                       6.6.6 Saudi Arabia Basic Industries Corporation (SABIC)
                           6.6.6.1 Company overview
                           6.6.6.2 Financial performance
                           6.6.6.3 Product benchmarking
                           6.6.6.4 SWOT
                           6.6.6.5 Recent initiatives & future strategies
                       6.6.7 Methanex Corporation
                           6.6.7.1 Company overview
                           6.6.7.2 Financial performance
                           6.6.7.3 Product benchmarking
                           6.6.7.4 SWOT
                           6.6.7.5 Recent initiatives & future strategies
                       6.6.8 Mitsubishi Gas Chemical Co., Inc.
                           6.6.8.1 Company overview
                           6.6.8.2 Financial performance
                           6.6.8.3 Product benchmarking
                           6.6.8.4 SWOT
                       6.6.9 Valero Marketing & Supply Company
                           6.6.9.1 Company overview
                           6.6.9.2 Financial performance
                           6.6.9.3 Product benchmarking
                           6.6.9.4 SWOT
                           6.6.9.5 Recent initiatives & future strategies
                       6.6.10 Qatar Fuel Additives Company Limited
                           6.6.10.1 Company overview
                           6.6.10.2 Financial performance
                           6.6.10.3 Product benchmarking

List of Tables

TABLE 1 Methanol market, 2014 - 2025 (Kilotons) (USD Million)
TABLE 2 Market driver analysis
TABLE 3 Market restraint analysis
TABLE 4 Methanol market volume & revenue, in formaldehyde, 2014 - 2025 (Kilotons) (USD Million)
TABLE 5 Methanol market volume & revenue, in acetic acid, 2014 - 2025 (Kilotons) (USD Million)
TABLE 6 Methanol market volume & revenue, in MTBE, 2014 - 2025 (Kilotons) (USD Million)
TABLE 7 Methanol market volume & revenue, in DME, 2014 - 2025 (Kilotons) (USD Million)
TABLE 8 Methanol market volume & revenue, in fuel blending, 2014 - 2025 (Kilotons) (USD Million)
TABLE 9 Methanol market volume & revenue, in MTO, 2014 - 2025 (Kilotons) (USD Million)
TABLE 10 Methanol market volume & revenue, in biodiesel, 2014 - 2025 (Kilotons) (USD Million)
TABLE 11 Methanol market volume & revenue, in others, 2014 - 2025 (Kilotons) (USD Million)
TABLE 12 North America methanol market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 13 North America methanol market estimate and forecasts, by application 2014 - 2025 (Kilotons)
TABLE 14 North America methanol market estimate and forecasts, by application 2014 - 2025 (USD Million)
TABLE 15 Europe methanol market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 16 Europe methanol market estimate and forecasts, by application 2014 - 2025 (Kilotons)
TABLE 17 Europe methanol market estimate and forecasts, by application 2014 - 2025 (USD Million)
TABLE 18 Asia Pacific methanol market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 19 Asia Pacific methanol market estimate and forecasts, by application 2014 - 2025 (Kilotons)
TABLE 20 Asia Pacific methanol market estimate and forecasts, by application 2014 - 2025 (USD Million)
TABLE 21 Central & South America methanol market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 22 Central & South America methanol market estimate and forecasts, by application 2014 - 2025 (Kilotons)
TABLE 23 Central & South America methanol market estimate and forecasts, by application 2014 - 2025 (USD Million)
TABLE 24 Middle East & Africa methanol market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 25 Middle East & Africa methanol market estimate and forecasts, by application 2014 - 2025 (Kilotons)
TABLE 26 Middle East & Africa methanol market estimate and forecasts, by application 2014 - 2025 (USD Million)
TABLE 27 U.S. methanol market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 28 U.S. methanol market estimate and forecasts, by application 2014 - 2025 (Kilotons)
TABLE 29 U.S. methanol market estimate and forecasts, by application 2014 - 2025 (USD Million)
TABLE 30 Japan methanol market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 31 Japan methanol market estimate and forecasts, by application 2014 - 2025 (Kilotons)
TABLE 32 Japan methanol market estimate and forecasts, by application 2014 - 2025 (USD Million)
TABLE 33 Germany methanol market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 34 Germany methanol market estimate and forecasts, by application 2014 - 2025 (Kilotons)
TABLE 35 Germany methanol market estimate and forecasts, by application 2014 - 2025 (USD Million)
TABLE 36 China methanol market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 37 China methanol market estimate and forecasts, by application 2014 - 2025 (Kilotons)
TABLE 38 China methanol market estimate and forecasts, by application 2014 - 2025 (USD Million)
TABLE 39 India methanol market estimate and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 40 India methanol market estimate and forecasts, by application 2014 - 2025 (Kilotons)
TABLE 41 India methanol market estimate and forecasts, by application 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Methanol Market - Market segmentation
FIG. 2 Methanol market - Key trends
FIG. 3 Leading countries based on biofuel production in 2018 (in thousand metric tons of oil equivalent)
FIG. 4 Global ethylene & propylene demand (Million Tons)
FIG. 5 Methanol- Value chain analysis
FIG. 6 Natural gas spot price (USD/MMBtu)
FIG. 7 PESTEL analysis
FIG. 8 Porter's five forces' analysis
FIG. 9 SWOT
FIG. 10 Methanol - Application movement analysis, 2018 & 2025 (Kilotons)
FIG. 11 Methanol - Regional movement analysis 2018 & 2025
FIG. 12 Company market share analysis, 2018 (%)
FIG. 13 Strategic framework