Methanol Market is Expected to Grow Rapidly in Upcoming Years!!!

Posted May 27, 2019 by abhijeetw1

Methanol Market size was of worth USD 29.62 Billion in 2015, and is expected to register a CAGR of 12.4% between 2016 and 2021.

The report "Methanol Market by Feedstock (Natural Gas and Coal), Derivative (Formaldehyde, MTO/MTP, Gasoline, MTBE, and MMA), Sub-derivative (UF/PF Resins and Olefins), End-Use Industry (Construction, Automotive, and Electronics) and by Region - Global Trends & Forecasts to 2021", The global methanol market is projected to reach USD 54.16 Billion by 2021, registering a CAGR of 12.4% between 2016 and 2021. This growth is fueled by the use of methanol as fuel in the automotive industry, increasing olefins production from methanol-to-olefin (MTO)/methanol-to-propylene (MTP) plants in China, and increasing petrochemicals demand, globally.

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The methanol market has a few global players competing significantly for the market share, who are actively investing in various strategies such as expansions and joint ventures & agreements globally to increase their market. Also, companies are investing in R&D activities. Key players such as Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan) have adopted various organic and inorganic developmental strategies.

This study answers several questions for the stakeholders, primarily, which market segments need to be focused in next two-to-five years for prioritizing the efforts and investments.

These stakeholders include:

Methanol manufacturers
Methanol traders
Distributors and suppliers
End-use market participants of different segments of methanol
Government and research organizations
Associations and industrial bodies
Research and consulting firms
R&D institutions
Environment support agencies
Investment banks and private equity firms
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Coal: The largest feedstock of methanol

The global production of methanol is 40 million tons per year, most of which is produced from natural gas and oil. However, high prices and limited reserves of natural gases in certain geographical areas such as China and Africa have stimulated interest in unconventional feedstock for the production of methanol. Thus, coal comes across as a sustainable alternative raw material for large scale methanol production owing to its abundance, low cost and efficient coal gasification technology.

MTO/MTP: The fastest-growing derivative of methanol

MTO/MTP is the fastest-growing derivative segment in the methanol market. Methanol-to-olefins and methanol-to-propylene (MTO/MTP) applications are gaining momentum and are expected to become the largest derivative of methanol, in terms of both, value and volume, by 2021. Ethylene and propylene are the major feedstocks of polyethylene and polypropylene plastics, respectively, which are in huge demand. The demand of these olefins is the major driver for the massive growth of the methanol market in MTO/MTP derivative.

Contact -
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: [email protected]
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Issued By marketsandmarkets
Country United States
Categories Business , Industry , Manufacturing
Tags Methanol Market , Methanol
Last Updated May 27, 2019