Мобильный 1 Add news
March 2010
April 2010
May 2010June 2010July 2010
August 2010
September 2010October 2010
November 2010
December 2010
January 2011
February 2011March 2011April 2011May 2011June 2011July 2011August 2011September 2011October 2011November 2011December 2011January 2012February 2012March 2012April 2012May 2012June 2012July 2012August 2012September 2012October 2012November 2012December 2012January 2013February 2013March 2013April 2013May 2013June 2013July 2013August 2013September 2013October 2013November 2013December 2013January 2014February 2014March 2014April 2014May 2014June 2014July 2014August 2014September 2014October 2014November 2014December 2014January 2015February 2015March 2015April 2015May 2015June 2015July 2015August 2015September 2015October 2015November 2015December 2015January 2016February 2016March 2016April 2016May 2016June 2016July 2016August 2016September 2016October 2016November 2016December 2016January 2017February 2017March 2017April 2017May 2017June 2017July 2017August 2017September 2017October 2017November 2017December 2017January 2018February 2018March 2018April 2018May 2018June 2018July 2018August 2018September 2018October 2018November 2018December 2018January 2019February 2019March 2019April 2019May 2019June 2019July 2019August 2019September 2019October 2019November 2019December 2019January 2020February 2020March 2020April 2020May 2020June 2020July 2020August 2020September 2020October 2020November 2020December 2020January 2021February 2021March 2021April 2021May 2021June 2021July 2021August 2021September 2021October 2021November 2021December 2021
News Every Day |

What is the current size of the Methanol Market?

What is the current size of the Methanol Market?

The global methanol market is predicted to be valued at $39,283.4 million by 2028, surging from $24,000.0 million in 2020 at a noteworthy CAGR of 6.4%.

Impact Analysis of COVID-19 on the Methanol Market

The coronavirus outbreak has brought drastic changes in terms of methanol demand, supply chain, import export, and availability of labors and raw materials. All these factors have resulted in considerable revenue loss and decline in demand from end-use industries such as automotive, construction, chemicals, appliances, electronics, and others. For instance, in automotive sector methanol is widely used in the manufacturing of safety glass laminate, fuses, light lens, polyurethane dashboard foam, automotive paints, and others. However, the demand for automotive vehicles was negatively impacted owing to lockdown imposed across various countries and reduced spending on the purchase of non-essential goods. Similarly, in chemicals industry where methanol is used for the production of acetic acid for fleece, paints, and adhesives has experienced negative impact owing to delay in the availability of these raw materials, import-export, and travel restrictions. Also, the social distancing norms imposed by various countries to prevent the spread of COVID-19 virus have led to shortage of labors and closure of production units.

Access an Exclusive PDF Sample Report@ https://www.researchdive.com/download-sample/8500

Various government initiatives and growing focus on exploring the use of methanol for electric mobility and heavy-duty commercial vehicles are helping the manufacturers to recover from the chaotic situation. For instance, as stated on January 18, 2021, in the Department of Science & Technology, that promotes science and technology by inculcating various programs and organizing different activities, the Indian government has formed methanol economy research programme (MERP) which will contribute to the economic development of India. Under this initiative, the use of methanol and Dimethyl ether (DME) to curb the imports and to meet the energy demand in India is being studied. In addition, methanol can be blended or substituted with petrol and diesel that has very low nitrous oxide and carbon emissions is estimated to drive the methanol market growth.    

Global Methanol Market Analysis

Methanol is widely available fuel with lowest carbon, sulfur oxide, nitrous oxide, and particulate matter emission rates. The methanol market demand for its use as a marine fuel is growing across the world as it is safe liquid fuel, miscible in water, and can efficiently work with existing engine technologies including dual fuel or drop-in. Methanol is a versatile fuel as it can be produced from different feedstocks such as natural gas, coal, and biomass that makes it a clean and sustainable fuel. Hence, the use of methanol is clean and sustainable fuel that can replace the gasoline-based fuels that have high carbon emission rates. The production of methanol from renewable feedstocks such as waste or carbon dioxide becomes a net carbon-neutral fuel that can help in lowering the emission of toxic greenhouse gases.

However, high formaldehyde emissions associated with the use of methanol which are carcinogenic are affecting the methanol market growth. In addition, the presence of alternative fuels such as gasoline, ethanol, natural gas, propane, and others are the possible substitute products to affect the methanol market demand.

Increase in the use of methanol for various applications such as in chemicals industry, automotive manufacturing, medical equipment, and appliances is estimated to boost the methanol market share during the forecast period. For instance, in chemicals industry methanol is used for production of acetic acid used for making adhesives and paints. It is also used for production of formaldehyde that is used in medium-density fiberboards (MDF) and plywood. In day-to-day life, methanol is used for manufacturing of various appliances such as disinfectants, aerosols, plastic bottles, fragrances, fertilizer, decorative laminates, and others. Similarly, in medical equipment industry, methanol finds applications in manufacturing of gloves, apron, medical gowns, masks, and others. All these end-use industry applications are estimated to drive huge opportunities for methanol market growth.  

Global Methanol Market, Segmentation

The global methanol market is segmented based on feedstock, end-use industry, and region.


The feedstock segment is further classified into coal, natural gas, and others. Among these, the natural gas sub-segment is anticipated to have a dominant market share and shall surpass $16,868.2 million by 2028, with an increase from $10,189.5 million in 2020. Natural gas is widely used as a feedstock for the production of methanol as it is quick process. For instance, production of methanol from natural gas is a three-step process which involves synthesis gas production, conversion of syngas to crude methanol, and distillation of crude methanol to achieve the desired purity. The natural gas feedstock has low production cost, less flammability risk, and provides energy security as it can replace the gasoline-based fuel.  

End-use Industry:

The end-use industry segment is further classified into automotive, construction, electronics, appliances, paints & coatings, insulation, pharmaceutical, packaging, and others. Among these, the automotive methanol sub-segment is anticipated to have a dominant market share and shall surpass $8,255.0 million by 2028, with an increase from $5,283.8 million in 2020. Methanol is a building block for manufacturing of various automotive parts and can be used as a fuel in automotive vehicles owing to low carbon and toxic emissions. In automotive sector, methanol is used for the manufacturing of thermoset bumper & energy absorber, automotive paints, body panels, safety glass laminate, polyurethane dashboard foam, tire core adhesives, light lens, polyester carpet & fabric, and others.   

Speak to our Expert Analyst to Triangulate with your own data@ https://www.researchdive.com/connect-to-analyst/8500


The methanol market for the Asia-Pacific region is projected to acquire dominant market share. This region’s market generated a revenue of $13,780.8 million in 2020 and is projected to reach up to $22,462.3 million by 2028. The methanol market demand in this region is driven by increase in government initiatives to promote the use of methanol across electric vehicles, hybrid electric vehicles, and fuel-cell vehicles. For instance, in March 2019, China introduced methanol vehicle promotion policy to promote the methanol production from coal, biomass, coal-bedded methane, and others. This policy also focuses on enhancing the manufacturing capabilities of methanol fueled vehicles. This will facilitate the use of methanol in machinery, off-road vehicles, passenger cars, commercial heavy-duty vehicles, and others.   

Key Players in the Global Methanol Market

Some of the leading methanol market players are 

  1. Celanese Corporation
  2. BASF SE
  3. Methanex Corporation
  4. SABIC
  5. Petroliam Nasional Berhad (PETRONAS)
  6. Mitsubishi Gas Chemical Company, Inc.
  7. Valero, Mitsui & Co., Ltd.
  8. Zagros Petrochemical Co.
  9. Methanol Holdings (Trinidad) Limited.

Along with the company profiles of the key players in the market, the report includes the Porter’s five forces model that gives deep insights into the competitive environment of the market.

Read also

Indian salesmen threaten supply disruptions in protest against Reliance

A man who tested positive for Omicron variant says 15 of his friends who joined him at a New York anime convention also have COVID-19

Sri Sri Ghee Amazon

News, articles, comments, with a minute-by-minute update, now on Today24.pro

News Every Day

325 Train Food! LUXURY STEAK + CHEESE on the Napa Valley Wine Train!

Today24.pro — latest news 24/7. You can add your news instantly now — here

News Every Day

Turbocharger Market Size and Prediction by Leading Manufacturers According to Its Application and Types Till 2028

Sports today

Новости тенниса

Мартина Навратилова: Очень смелая позиция WTA. А что скажет теперь МОК?

Спорт в России и мире

Тренер Татьяна Тарасова рассказала, почему поставила карьеру выше материнства


All sports news today


Sports in Russia today

Тренер Татьяна Тарасова рассказала, почему поставила карьеру выше материнства

Новости России

Game News

Georgian Police, the cop game that makes Police Quest seem normal



Омикрон-штамм теперь и в России? В Москву прилетел самолёт с россиянами из ЮАР

Губернаторы России

Разъяснения inCruises в связи с сообщением Банка России

Прокуратура начала проверку по факту гибели школьника на пруду в Подмосковье

Трехэтажный фитнес-клуб с бассейном откроется в Коммунарке

Выручка «Биннофарм Групп» в 2021 году выросла благодаря антибиотикам и препаратам против COVID-19

Вьетнам планирует увеличить объемы производства российских вакцин против COVID-19

Агрогламур из квартиры Анастасии Волочковой.

Певец Алешин рассказал, почему Градского не похоронили рядом с родителями

В саду Нурова прошел первый зимний субботник

Ева Канна представляет своим слушателям новую композицию

Медведев объяснил причины кровотечения из носа в матче со Штруффом

"Кубок Дэвиса". Новак Джокович победил Марина Чилича и сравнял счёт в полуфинале с Хорватией

Кубок Дэвиса. Хорваты сенсационно одолели Сербию

Мартина Навратилова: Очень смелая позиция WTA. А что скажет теперь МОК?

Психиатр-нарколог Нурисламов объяснил, почему Дима Билан проигнорировал похороны Градского

Певец Алешин объяснил женитьбу Градского за месяц до смерти

Байден надеется на долгий разговор с Путиным

Лукашенко пообещал отдать России «последнее зерно»

Захарова: вопрос о россиянке Сапеге находится в повестке МИД

Володин опубликовал в своем Telegram-канале опрос о том, что повлияло на развал СССР

Посол Салливан: американские дипломаты столкнулись с визовой проблемой в России

Владимир Соловьев предложил эффективный ответ на санкции против России с помощью Украины

Путин в России и мире

Персональные новости


Певец Алешин рассказал, почему Градского не похоронили рядом с родителями

News Every Day

Manufacturers to Benefit from Lucrative Growth Prospects in the Global Animal Parasiticide Market

Friends of Today24

Музыкальные новости
"Воскресенье " Олег Митяев

Персональные новости
Близкий друг Путина миллиардер Пугачев. Вся правда о Путине, его семье и деньгах. В гостях у Гордона (2021)

Навальный об уволенном за пост священнике (2021)

Slava Marlow – суперуспех и депрессия в 21 год / вДудь (2021)

Обнаглевшие дети путинской элиты (2021)

Дайте собакам мяса (новый звук) -Владимир Высоцкий

Группа "Рождество" - песня "Так хочется жить!" (Видео с концерта в Киеве группы "РОЖДЕСТВО" в 2011 году в Доме офицеров)

Adriano Celentano Любимая песня Челентано (высочайшая энергетика) talentTV