Dublin, Feb. 04, 2025 (GLOBE NEWSWIRE) — The “Methanol – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The global market for Methanol was sized at 79.2 Million Metric Tons in 2024 and is projected to reach 99.8 Million Metric Tons by 2030, growing at a CAGR of 3.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Recent trends in the methanol market highlight a shift towards sustainable production methods and the development of green methanol. Advances in carbon capture and utilization technologies are enabling the production of methanol from captured carbon dioxide, reducing the carbon footprint of methanol production.
Furthermore, there is an increasing interest in using renewable feedstocks, such as biomass and municipal waste, to produce methanol, aligning with global efforts to transition to a circular economy. The use of methanol as a marine fuel is also gaining traction, driven by stringent regulations aimed at reducing sulfur emissions from ships. This has spurred innovation in methanol-fueled engines and infrastructure, positioning methanol as a viable alternative to traditional marine fuels.
The growth in the methanol market is driven by several factors. One of the primary drivers is the increasing demand for methanol-based chemicals and derivatives, which are essential in various industrial applications, including plastics, pharmaceuticals, and construction materials. Technological advancements in methanol production, such as the development of more efficient and environmentally friendly processes, are also contributing to market growth. The adoption of methanol as an alternative fuel and energy carrier is being propelled by the need for cleaner and more sustainable energy sources.
Additionally, regulatory support for low-emission fuels and the expansion of methanol production capacity in key regions are enhancing market dynamics. The growing emphasis on reducing greenhouse gas emissions and the circular economy is further driving the demand for green methanol, underscoring the robust growth prospects for the methanol market.
Scope of the Study
The report analyzes the Methanol market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.
Segments:
- Derivative (Formaldehyde, Gasoline / Fuel, Methanol to Olefins (MTO / MTP), Acetic Acid, Dimethyl Ether (DME), Other Derivatives)
- End-Use (Automotive, Construction, Paints & Coatings, Pharmaceuticals, Electronics, Packaging, Other End-Uses)
Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Formaldehyde Derivative segment, which is expected to reach 30.4 Million Metric Tons by 2030 with a CAGR of a 4.7%. The Gasoline / Fuel Derivative segment is also set to grow at 3.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, sized at 21.0 Million Metric Tons in 2024, and China, forecasted to grow at an impressive 6.7% CAGR to reach 21.2 Million Metric Tons by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Atlantic Methanol Production Company, BASF, Equinor, HELM, Industries Qatar and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global Methanol Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 113 major companies featured in this Methanol market report include:
- Atlantic Methanol Production Company
- BASF
- Equinor
- HELM
- Industries Qatar
- LyondellBasell
- Methanex
- Methanol Holdings (Trinidad)
- Mitsubishi Gas Chemical Company
- Mitsui & Co.
- OCI
- PETRONAS
- PJSC Metafrax (Russia)
- Repsol
- Saudi Basic Industries Corporation
- Saudi International Petrochemical Company (Sipchem)
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 523 |
| Forecast Period | 2024 – 2030 |
| Estimated Market Value in 2024 | 79.2 Million Metric Tons |
| Forecasted Market Value by 2030 | 99.8 Million Metric Tons |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Global Economic Update
- Competition
- Methanol – Global Key Competitors Percentage Market Share in 2024
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024
- Global Market Prospects and Outlook
- Global Methanol Market Keeps Ticking
- Natural Gas, Automotive & Construction: Primary Segments Keeping Methanol Market on a High
- Formaldehyde Production: The Application for Methanol
- MTO/MTP: The Fastest Growing End-use Segment for Methanol
- Gasoline Blending/Combustion Biofuels – A Significant Growth Driver
- Acetic Acid: A Key Derivative of Methanol
- Methanol Carbonylation – The Predominant Acetic Acid Manufacturing Process
- Automotive Remains Primary End-use Industry
- Asia-Pacific Region Sweeps Global Methanol Market with Authoritative Stake
- China – Methanol Demand Surges as a Domestic and Industrial Fuel
- Market Drivers
- Rising Applications across Diverse Industries
- Uptake of Clean Fuels
- Solid Demand for Methanol & Derivatives
- Market Restraints
- Increasing Interest in Ethanol
- Market Opportunities
- Market Challenges
- Recent Market Activity
- Production Scenario
- Global Methanol Capacity by Region
- Developing Regions Charge Ahead in Methanol Production
- Select Recent Past Methanol Capacity Expansion Projects by Region /Country
- Pricing Scenario
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
- Global Delivered Energy Consumption (quadrillion Btu) by End-use Sector (2012, 2020, 2025, 2030, and 2035)
- 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
For more information about this report visit https://www.researchandmarkets.com/r/ddkark
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