Market Reports

Market for methanol to reach $36.3 billion by 2026

Published: January 19, 2023

Author: TEXTILE VALUE CHAIN

According to a new market research report, the “Methanol Market by Feedstock(Natural Gas, Coal), Derivative(Formaldehyde, MTO/MTP, Gasoline, MTBE, MMA, Acetic Acid, DME, Biodiesel), Sub-Derivative, End-use Industry, and Region (North America, APAC, Europe, South America, MEA) – Global Forecasts to 2026″, size is expected to grow from USD 30.7 billion in 2021 to USD 36.3 billion by 2026, at a CAGR of 3.4% during the forecast period. Methanol are used across industries, such as Construction, Automotive, Electronics, Appliances, Paints & Coatings, Insulation, Pharmaceuticals, Packaging (PET bottles) and Solvents. In the methanol market, automotive is the key end-use industry owing to the wide applications of these methanol.

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        653 Market data Tables
        93   Figures
        512 Pages and in-depth TOC on “Methanol Market – Global Forecast to 2026″

This report also provides a comprehensive analysis of the companies listed below:

Methanex Corporation (Canada), HELM Proman Methanol AG, SABIC (Saudi Arabia), Yanzhou Coal Mining Co. (China), Zagros Petrochemical Company (ZPC) (Iran)

COVID-19 Impact on the Global Methanol Market

The Methanol market includes major Tier I and II suppliers like Methanex Corporation (Canada), HELM Proman Methanol AG, SABIC (Saudi Arabia), Yanzhou Coal Mining Co. (China), Zagros Petrochemical Company (ZPC) (Iran), Celanese Corporation (Texas). These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and Middle East & Africa. COVID-19 has impacted their businesses as well.

In August 2020, Celanese Corporation implemented government-recommended protocols and best practices related to social distancing and best hygiene practices. Some of these practices are use of additional personal protective equipment and enhanced cleaning protocols, where appropriate, and also restricted visitor access and non-essential business trave
In May 2020, Mitsubishi Gas Chemical Company, Inc. set up a Crisis Response Headquarters and has been expeditiously implementing anti-pandemic measures. It continues to refine its plants and other workplaces anti-pandemic measures customized to specific operations on a workplace-by-workplace basis to ensure the safety of its stakeholders, particularly its employees and their families and its customers.

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Coal is one of the fastest-growing feedstock of the methanol market

Coal is estimated to account for the fastest growth in the methanol feedstock segment from 2021 to 2026. Coal is considered to be the sustainable alternative raw material for large-scale methanol production which is one the important reason for the increase in demand of coal as feedstock of methanol.

APAC is expected to hold the largest market share in the global methanol market during the forecast period.

Asia Pacific accounted for the largest share of the Methanol market in 2020. Factors such as the rapidly increasing consumption of methanol in the automotive, construction and pharmaceutical industries in countries such as China, Japan, India, South Korea and Australia have led to an increased demand for Methanol in the Asia Pacific region.