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. In this study, 2015 is considered as the base year and 2021 as the forecasted year for estimating market size of methanol.

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This technical, market-oriented, and commercial study of the methanol market used extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg BusinessWeek, and Factiva to identify and collect information. The primary sources are experts from core and related industries, and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain.

Key Market Players -

The feedstock suppliers in the methanol market are oil & gas producing companies and coal mining companies. British Petroleum (U.K.), Shell (Netherlands), CNOOC (China), PEMEX (Mexico), China Shenhua Energy (China), Amuminium Corporation of China Limited (China), China Coal Energy (China), and others provide feedstock, namely, natural gas, and coal to the methanol manufacturers. Methanol manufacturing companies such as Methanex Corporation (Canada), SABIC (Saudi Arabia), and Mitsui & Co., Ltd. (Japan) process these feedstocks to prepare different types of methanol derivatives and sub-derivatives, which are suitable for various end-use industries incorporating new technologies.

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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
Asia-Pacific is the leading and the fastest-growing methanol market, in terms of value and volume, and the trend is projected to continue till 2021. The demand of methanol is highly dependent on the increasing production of feedstocks, and growth in methanol production in China. Furthermore, rapid R&D activities on the use of methanol as an alternative fuel for vehicles also paving the way for the growth of its market in the region. China is the largest market and the fastest-growing market in the region. This trend is estimated to continue in the near future.