Global Methanol Market - Segmented by Derivatives, End-user Industry, and Region - Growth, Trends, and Forecast (2018 - 2023)

SKU ID : INH- 12344799

Publishing Date : 05-Apr-2018

No. of pages : 150

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  • The global methanol market is expected grow at a significant rate during the forecast period, driven mainly by the increasing use of methanol (in the form of fuel and antifreeze agent) in the automotive industry. The methanol industry has experienced an explosive growth, primarily in China and the United States, owing to significant developments in shale gas.

    Increasing Use of Methanol in the Automotive Industry Driving the Market

    Methanol is used directly as an affordable transportation fuel for automobile engines due to its efficient combustion, ease of distribution, and easy availability. It is also used as an antifreeze agent for automobile radiators. Moreover, it can be blended with gasoline to generate a fuel that is efficient and can boost octane number with lower emissions when compared to conventional gasoline. Methanol gasoline blends have widespread use in China and have been introduced in several countries outside of China as well.

    Acetic Acid Dominating the Market

    Acetic acid is the main feedstock to manufacture vinyl acetate monomer, which was at the forefront in terms of volumetric consumption in 2017. It is mainly driven by the growing demand for polyvinyl acetates and vinyl alcohols, which, in turn, are accelerating the demand for acetic acid. Acetic acid is a key building block to manufacturing various chemicals, such as vinyl acetate monomer (VAM), purified terephthalic acid (PTA), acetate esters, and acetic anhydride, which are further used by a wide range of end-user industries, such as synthetic fibers, textiles, inks, and pesticides. It is used in many applications, such as vinyl acetate monomer, purified terephthalic acid, acetate esters, acetic anhydride, and others. Vinyl acetate monomer (VAM) was the largest application segment for the market accounting for over 34% of the global acetic acid consumption in 2017. The acetate esters segment is expected to be the strongest growth segment of the market, primarily driven by the growing demand from the coatings industry.

    Asia-Pacific Dominating the Methanol Market

    Asia-Pacific is the leading and fastest growing market for methanol, in terms of value and volume, and this trend is expected to continue till 2023. China is the largest and fastest growing market in the region. The demand for methanol is highly dependent on the increasing production of feedstock and growth in methanol production in China. Furthermore, rapid R&D in the use of methanol as an alternative fuel for vehicles is also paving the way for the growth of its market in the region.

    Major Players: BASF, SABIC, and Methanex Corp, amongst others.

    Reason to Purchase the Report

    To understand the impact of various product types on the market
    Analyzing various perspectives of the market with the help of Porter’s five forces analysis
    To understand the dominating product type and end-user industry in the market
    Countries expected to witness the fastest growth during the forecast period
    Identify the latest developments, market shares, and strategies employed by the major market players
    3 month analyst support, along with the Market Estimate sheet (in Excel)

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    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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