Rise of the Methanol Economy & Increased Production of Methanol as Liquid Fuel Alternative to Conventional Fossil Fuels Boosts Sector
In the changed post COVID-19 business landscape, the global market for Methanol estimated at 73.2 Million Metric Tons in the year 2022, is projected to reach a revised size of 99.8 Million Metric Tons by 2030, growing at a CAGR of 4% over the analysis period 2022-2030. Formaldehyde, one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach 30.4 Million Metric Tons by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Gasoline / Fuel segment is readjusted to a revised 3.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at 19.7 Million Metric Tons, While China is Forecast to Grow at 6.7% CAGR
The Methanol market in the U.S. is estimated at 19.7 Million Metric Tons in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of 21.2 Million Metric Tons by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 3.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 13.2 Million Metric Tons by the year 2030.
Atlantic Methanol Production Company LLC
LyondellBasell Industries NV
Methanex Chile Limited
Methanex Corporation
Methanex New Zealand Ltd.
Methanol Holdings (Trinidad) Limited
Mitsubishi Gas Chemical Company Inc.
Mitsui & Co. Ltd.
OCI N.V.
Qatar Fuel Additives Company Ltd.
Repsol
Saudi Basic Industries Corporation
Saudi International Petrochemical Company
Statoil ASA
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. 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
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
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Methanol Market Analysis of Annual Sales in Thousand Tons for Years 2014 through 2030
Table 2: World Recent Past, Current & Future Analysis for Methanol by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
Table 3: World Historic Review for Methanol by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
Table 4: World 16-Year Perspective for Methanol by Geographic Region – Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
Table 5: World Recent Past, Current & Future Analysis for Formaldehyde by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
Table 6: World Historic Review for Formaldehyde by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
Table 7: World 16-Year Perspective for Formaldehyde by Geographic Region – Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 8: World Recent Past, Current & Future Analysis for Gasoline / Fuel by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
Table 9: World Historic Review for Gasoline / Fuel by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
Table 10: World 16-Year Perspective for Gasoline / Fuel by Geographic Region – Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 11: World Recent Past, Current & Future Analysis for Methanol to Olefins (MTO / MTP) by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
Table 12: World Historic Review for Methanol to Olefins (MTO / MTP) by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
Table 13: World 16-Year Perspective for Methanol to Olefins (MTO / MTP) by Geographic Region – Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 14: World Recent Past, Current & Future Analysis for Acetic Acid by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
Table 15: World Historic Review for Acetic Acid by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
Table 16: World 16-Year Perspective for Acetic Acid by Geographic Region – Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 17: World Recent Past, Current & Future Analysis for Dimethyl Ether (DME) by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
Table 18: World Historic Review for Dimethyl Ether (DME) by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
Table 19: World 16-Year Perspective for Dimethyl Ether (DME) by Geographic Region – Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 20: World Recent Past, Current & Future Analysis for Other Derivatives by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
Table 21: World Historic Review for Other Derivatives by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
Table 22: World 16-Year Perspective for Other Derivatives by Geographic Region – Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 23: World Recent Past, Current & Future Analysis for Automotive by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
Table 24: World Historic Review for Automotive by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
Table 25: World 16-Year Perspective for Automotive by Geographic Region – Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 26: World Recent Past, Current & Future Analysis for Construction by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
Table 27: World Historic Review for Construction by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
Table 28: World 16-Year Perspective for Construction by Geographic Region – Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 29: World Recent Past, Current & Future Analysis for Paints & Coatings by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
Table 30: World Historic Review for Paints & Coatings by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
Table 31: World 16-Year Perspective for Paints & Coatings by Geographic Region – Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 32: World Recent Past, Current & Future Analysis for Pharmaceuticals by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
Table 33: World Historic Review for Pharmaceuticals by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
Table 34: World 16-Year Perspective for Pharmaceuticals by Geographic Region – Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 35: World Recent Past, Current & Future Analysis for Electronics by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
Table 36: World Historic Review for Electronics by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
Table 37: World 16-Year Perspective for Electronics by Geographic Region – Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 38: World Recent Past, Current & Future Analysis for Packaging by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
Table 39: World Historic Review for Packaging by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
Table 40: World 16-Year Perspective for Packaging by Geographic Region – Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 41: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2022 through 2030 and % CAGR
Table 42: World Historic Review for Other End-Uses by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Consumption in Thousand Tons for Years 2014 through 2021 and % CAGR
Table 43: World 16-Year Perspective for Other End-Uses by Geographic Region – Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
IV. COMPETITION
Atlantic Methanol Production Company LLC
LyondellBasell Industries NV
Methanex Chile Limited
Methanex Corporation
Methanex New Zealand Ltd.
Methanol Holdings (Trinidad) Limited
Mitsubishi Gas Chemical Company Inc.
Mitsui & Co. Ltd.
OCI N.V.
Qatar Fuel Additives Company Ltd.
Repsol
Saudi Basic Industries Corporation
Saudi International Petrochemical Company
Statoil ASA
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