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Methanol Market By Segments (Formaldehyde, MTO/MTP, Fuel Blending, Acetic Acid, Dimethyl Ether, MTBE, Solvents, Methylamines, Methyl methacrylate (MMA), Chloro-methane, Others), By Country And By Trends – Global Forecast to 2021

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Methanol Market Characteristics

Methanol is produced from synthesis gas, which is a mixture of carbon monoxide, carbon dioxide and hydrogen gas. Methanol is further processed to produce other industrially important chemicals such as formaldehyde and acetyls. The largest application of methanol is processing it into formaldehyde which is further treated to form resins, glues and various plastics.  Methanol is also being considered as an alternative transportation fuel, as it is a clean-burning fuel that produces fewer smog-causing emissions.

Methanol is being blended into gasoline and is being used in vehicles to improve safety, reliability, fuel economy and lower environmental impact. Methanol can be blended in smaller quantities with gasoline and can be used in existing vehicles or can be blended in larger quantities in dedicated methanol-fueled vehicles. It can also be used as a substitute to diesel fuel. For example, China has tested 4000 vehicles including cars, trucks and buses and has proved that vehicles run on methanol are clean, economical and reliable to use. In 2018, central government of China is expected to commercialize these vehicles. Geely, an automotive manufacturer in China plans to invest RMB 8 billion ($1.26 billion) in plant and equipment for methanol vehicles.

Competitive Landscape Of The Methanol market

Major players in the global methanol market include Methanex Corporation, LyondellBasell Industries Holdings NV, PetroChina Company Limited, SABIC, and OCI N.V.

Methanex Corporation was the largest competitor with about 19.1% of the market, followed by LyondellBasell Industries Holdings NV, PetroChina Company Limited, SABIC, and OCI N.V.

In February 2017, Sojitz, a Japan based methanol producer acquired Germany based chemical distributor Solvadis, which specializes in methanol, sulphur and sulphuric acid. The deal was for an undisclosed amount and through this acquisition, Sojitz Group aims to expand its annual trading volume and increase the company’s position as a global player within the methanol industry.

The countries covered are China, India, Japan, UK, Germany, France, Italy, Spain, Russia, USA, Brazil and Australia.

Methanol Market Size

The global methanol market size is expected to reach nearly a $360 billion by 2021, growing at a CAGR of 7% during the forecast period. The growth in the methanol market is due economic growth - the methanol manufacturing market is expected to benefit from steady economic growth forecasted in many developed and developing countries. The US economy is expected to register stable growth during the forecast period as well. The emerging markets continue to grow significantly and is expected to reach slightly higher than the developed markets in the forecast period. Greater economic growth will drive public and private investments, joint ventures, foreign direct investments and R&D activities, thereby driving the demand for methanol. For instance, in 2017, Yuhuang Chemical, a subsidiary of China based Shandong Yuhuang Chemical Co. Ltd has invested about $1.85 billion to build a methanol manufacturing complex in Louisiana, US. Rising disposable income in developing countries is also driving the demand for methanol. With the rise in disposable income, spending on industries using methanol such as automobiles, housing, textiles and others has increased. For instance, according to a report by JATO Dynamics, global automotive industry grew by about 2.4% in 2017 with 2.05 million units more than in 2016. In 2017, total production of cars and commercial vehicles in China was 29 million and in India it was 4.7 million and increasing end-use applications of methanol- the methanol market is expected to be driven by increasing end-use application areas of methanol such as fuel blending and methanol-to-olefins (MTO) production. Methanol is converted to olefins such as ethylene and propylene, which are used to make many plastic materials. MTO is a rapidly growing segment exclusively in China. Some countries in Europe are moving towards using gasoline blended with small quantities of methanol, meanwhile, other countries such as Israel and Australia have already commercialized methanol fuels.

However, the market for methanol is expected to face certain restraints from several factors such as Interest Rate Increases increasing interest rates are expected to restrict growth of the methanol market, particularly in developed nations including the US and Europe, during the forecast period. This will decrease the flow of money available for investment in the forecast period, making operations and expansion expensive for companies in capital-intensive industries such as petrochemical companies. For instance, in December 2017, the US Federal Reserve increased interest rates by a quarter-percentage point to a target range of nearly 1.25% to 1.5%. Additionally, the US Federal Reserve is expected to further increase interest rates in 2018 and 2019. China’s Central Bank also raised interest rates to limit the flow of capital out of the country. These factors are expected to have a negative impact on the methanol market as borrowing money becomes expensive, thereby affecting the market growth and reduction in free trade - trade barriers are expected to have a negative impact on the methanol market during the forecast period. Many developed and developing economies are considering imposing restrictions on free trade to boost their local economy. Brexit is likely to lead to more trade restrictions between the UK and other countries in Europe. US President Donald Trump is expected to adopt a more protectionist stance, and renegotiate many trade agreements, including NAFTA. These changes could set off wider trade restrictions, reversing the recent trend towards greater global free trade. According to a report by the International Monetary Fund in 2015, rise in trade barriers, could increase import prices by about 10% and decrease exports by 15% in the next five years, thus affecting the growth of the methanol market, which relies on the easy and cheap movement of petrochemical products between countries. Most recently with sanctions being levied against Iran by the USA, the country has limited all exports of methanol to Chinese and Indian markets.

Methanol Market Segmentation

The global methanol market is further segmented based on type and geography.
By Type - The methanol market is segmented into formaldehyde, MTO/MTP, fuel blending, acetic acid, dimethyl ether, MTBE, solvents, methylamines, MMA, chloro-methanes, and others.
By Geography - The global methanol market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Asia-Pacific methanol market is the largest region in the world. It currently accounts for almost $5 billion or more than 44% of the global methanol market. China is the biggest producer of methanol. Its production accounts for more than 90% of the world’s total production capacity..
Methanol Market Trends
Large-scale plants using natural gas as feedstock are increasingly using auto thermal reforming (ATR) for production of methanol. In this process, instead of a tubular reformer, an ATR is used which significantly reduces steam addition to freestreams, as the major trend in the global Methanol market. Potential Opportunities In The Methanol Market With growth in emerging market and increased use of methanol in industries, the scope and potential for the global methanol market is expected to significantly rise in the forecast period.

    1.Methanol Market Characteristics

    2.Global Methanol Market Size And Growth

    2.1.Global Methanol Historic Market, 2013 – 2017

    2.2.Drivers of the Market

    2.3.Restraints on the Market

    2.4.Global Methanol Forecast Market, 2017 – 2021

    2.5.Drivers of the Market

    2.6.Restraints on the Market

    3.PESTEL Analysis

    3.1.Political

    3.2.Economic

    3.3.Social

    3.4.Technological

    3.5.Environmental

    3.6.Legal

    4.Methanol Market Regional And Country Analysis

    4.1.Global Methanol Market, Split By Region, 2017

    4.2.Global Methanol Market, Historic And Forecast Growth Rate, Split By Region, 2013-2021

    4.3.Global Methanol Market, Split By Country, 2017

    4.4.Global Methanol Market, Historic And Forecast Growth Rate, Split By Country, 2013-2021

    5.Methanol Market Segmentation

    5.1.Global Methanol Market, Split By Segments, 2017, $ Billion

    5.1.1.Formaldehyde

    5.1.2.MTO/MTP

    5.1.3.Fuel Blending

    5.1.4.Acetic Acid

    5.1.5.Dimethyl Ether

    5.1.6.MTBE

    5.1.7.Solvents

    5.1.8.Methylamines

    5.1.9.MMA

    5.1.10.Chloro-methane

    5.1.11.Others

    5.2.Global Methanol Market, Historic and Forecast, Split By Segments, 2013-2021

    6.Global Methanol Market Comparison with Macro Economic Factors

    6.1.Methanol Market Size, Percentage Of GDP, Global

    6.2.Per Capita Average Methanol Expenditure, Global

    7.Methanol Market Comparison With Macro Economic Factors Across Countries

    7.1.Methanol Market Size, Percentage Of GDP, By Country

    7.2.Per Capita Average Methanol Expenditure, By Country

    8.North America Methanol Market

    8.1.North America Methanol Market Overview

    8.1.1.Region Information

    8.1.2.Market Information

    8.1.3.Background Information

    8.1.4.Major End-User Industries Information

    8.1.5.Government Initiatives

    8.1.6.Regulations

    8.1.7.Regulatory Bodies

    8.1.8.Associations

    8.1.9.Investments

    8.1.10.Competitive Landscape

    8.2.North America Methanol Historic Market, 2013 – 2017

    8.3.North America Methanol Forecast Market, 2017 – 2021

    8.4.North America Methanol Market, 2017, By Segment, Value ($ Million)

    8.5.North America Methanol Market, 2013 - 2021, Historic and Forecast, By Segment

    8.6.USA Methanol Market

    8.7.USA Methanol Market Overview

    8.7.1.Country Information

    8.7.2.Market Information

    8.7.3.Background Information

    8.7.4.Major End-User Industries Information

    8.7.5.Government Initiatives

    8.7.6.Regulations

    8.7.7.Regulatory Bodies

    8.7.8.Associations

    8.7.9.Investments

    8.7.10.Competitive Landscape

    8.8.USA Methanol Historic Market, 2013 – 2017

    8.9.USA Methanol Forecast Market, 2017 – 2021

    8.10. USA Methanol Market, 2017, By Segment, Value ($ Million)

    8.11. USA Methanol Market, 2013 - 2021, Historic and Forecast, By Segment

    9.Western Europe Methanol Market

    9.1.Western Europe Methanol Market Overview

    9.1.1.Region Information

    9.1.2.Market Information

    9.1.3.Background Information

    9.1.4.Major End-User Industries Information

    9.1.5.Regulations

    9.1.6.Regulatory Bodies

    9.1.7.Associations

    9.1.8.Investments

    9.1.9.Competitive Landscape

    9.2.Western Europe Methanol Historic Market, 2013 – 2017

    9.3.Western Europe Methanol Forecast Market, 2017 – 2021

    9.4.Western Europe Methanol Market, 2017, By Segment, Value ($ Million)

    9.5.Western Europe Methanol Market, 2013 - 2021, Historic and Forecast, By Segment

    9.6.UK Methanol Market

    9.7.UK Methanol Market Overview

    9.7.1.Country Information

    9.7.2.Market Information

    9.7.3.Background Information

    9.7.4.Major End-User Industries Information

    9.7.5.Regulations

    9.7.6.Regulatory Bodies

    9.7.7.Associations

    9.7.8.Investments

    9.7.9.Competitive Landscape

    9.8.UK Methanol Historic Market, 2013 – 2017

    9.9.UK Methanol Forecast Market, 2017 – 2021

    9.10. UK Methanol Market, 2017, By Segment, Value ($ Million)

    9.11. UK Methanol Market, 2013 - 2021, Historic and Forecast, By Segment

    9.12. Germany Methanol Market

    9.13. Germany Methanol Historic Market, 2013 – 2017

    9.14. Germany Methanol Forecast Market, 2017 – 2021

    9.15. Germany Methanol Market, 2017, By Segment, Value ($ Million)

    9.16. Germany Methanol Market, 2013 - 2021, Historic and Forecast, By Segment

    9.17. France Methanol Market

    9.18. France Methanol Historic Market, 2013 – 2017

    9.19. France Methanol Forecast Market, 2017 – 2021

    9.20. France Methanol Market, 2017, By Segment, Value ($ Million)

    9.21. France Methanol Market, 2013 - 2021, Historic and Forecast, By Segment

    9.22. Italy Methanol Market

    9.23. Italy Methanol Historic Market, 2013 – 2017

    9.24. Italy Methanol Forecast Market, 2017 – 2021

    9.25. Italy Methanol Market, 2017, By Segment, Value ($ Million)

    9.26. Italy Methanol Market, 2013 - 2021, Historic and Forecast, By Segment

    9.27. Spain Methanol Market

    9.28. Spain Methanol Historic Market, 2013 – 2017

    9.29. Spain Methanol Forecast Market, 2017 – 2021

    9.30. Spain Methanol Market, 2017, By Segment, Value ($ Million)

    9.31. Spain Methanol Market, 2013 - 2021, Historic and Forecast, By Segment

    10.Asia-Pacific Methanol Market

    10.1. Asia-Pacific Methanol Market Overview

    10.1.1.Region Information

    10.1.2.Market Information

    10.1.3.Background Information

    10.1.4.End-User Industries

    10.1.5.Government Initiatives

    10.1.6.Regulations

    10.1.7.Regulatory Bodies

    10.1.8.Associations

    10.1.9.Investments

    10.1.10.Competitive Landscape

    10.2. Asia-Pacific Methanol Historic Market, 2013 – 2017

    10.3. Asia-Pacific Methanol Forecast Market, 2017 – 2021

    10.4. Asia-Pacific Methanol Market, 2017, By Segment, Value ($ Million)

    10.5. Asia-Pacific Methanol Market, 2013 - 2021, Historic and Forecast, By Segment

    10.6. China Methanol Market

    10.7. China Methanol Market Overview

    10.7.1.Country Information

    10.7.2.Market Information

    10.7.3.Background Information

    10.7.4.End-User Industries

    10.7.5.Government Initiatives

    10.7.6.Regulations

    10.7.7.Regulatory Bodies

    10.7.8.Associations

    10.7.9.Investments

    10.7.10.Competitive Landscape

    10.8. China Methanol Historic Market, 2013 – 2017

    10.9. China Methanol Forecast Market, 2017 – 2021

    10.10. China Methanol Market, 2017, By Segment, Value ($ Million)

    10.11. China Methanol Market, 2013 - 2021, Historic and Forecast, By Segment

    10.12. India Methanol Market

    10.13. India Methanol Market Overview

    10.13.1.Country Information

    10.13.2.Market Information

    10.13.3.Background Information

    10.13.4.End-User Industries

    10.13.5.Government Initiatives

    10.13.6.Regulations

    10.13.7.Regulatory Bodies

    10.13.8.Associations

    10.13.9.Investments

    10.13.10.Competitive Landscape

    10.14. India Methanol Historic Market, 2013 – 2017

    10.15. India Methanol Forecast Market, 2017 – 2021

    10.16. India Methanol Market, 2017, By Segment, Value ($ Million)

    10.17. India Methanol Market, 2013 - 2021, Historic and Forecast, By Segment

    10.18. Japan Methanol Market

    10.19. Japan Methanol Market Overview

    10.19.1.Country Information

    10.19.2.Market Information

    10.19.3.Background Information

    10.19.4.End-User Industries

    10.19.5.Regulations

    10.19.6.Regulatory Bodies

    10.19.7.Associations

    10.19.8.Investments

    10.19.9.Competitive Landscape

    10.20. Japan Methanol Historic Market, 2013 – 2017

    10.21. Japan Methanol Forecast Market, 2017 – 2021

    10.22. Japan Methanol Market, 2017, By Segment, Value ($ Million)

    10.23. Japan Methanol Market, 2013 - 2021, Historic and Forecast, By Segment

    10.24. Australia Methanol Market

    10.25. Australia Methanol Historic Market, 2013 – 2017

    10.26. Australia Methanol Forecast Market, 2017 – 2021

    10.27. Australia Methanol Market, 2017, By Segment, Value ($ Million)

    10.28. Australia Methanol Market, 2013 - 2021, Historic and Forecast, By Segment

    11.South America Methanol Market

    11.1. South America Methanol Market Overview

    11.1.1.Region Information

    11.1.2.Market Information

    11.1.3.Background Information

    11.1.4.Major End-User Industries Information

    11.1.5.Regulations

    11.1.6.Regulatory Bodies

    11.1.7.Associations

    11.1.8.Competitive Landscape

    11.2. South America Methanol Historic Market, 2013 – 2017

    11.3. South America Methanol Forecast Market, 2017 – 2021

    11.4. South America Methanol Market, 2017, By Segment, Value ($ Million)

    11.5. South America Methanol Market, 2013 - 2021, Historic and Forecast, By Segment

    11.6. Brazil Methanol Market

    11.7. Brazil Methanol Historic Market, 2013 – 2017

    11.8. Brazil Methanol Forecast Market, 2017 – 2021

    11.9. Brazil Methanol Market, 2017, By Segment, Value ($ Million)

    11.10. Brazil Methanol Market, 2013 - 2021, Historic and Forecast, By Segment

    12.Eastern Europe Methanol Market

    12.1. Eastern Europe Methanol Market Overview

    12.1.1.Region Information

    12.1.2.Market Information

    12.1.3.Background Information

    12.1.4.Major End-User Industries Information

    12.1.5.Regulations

    12.1.6.Regulatory Bodies

    12.1.7.Associations

    12.1.8.Investments

    12.1.9.Competitive Landscape

    12.2. Eastern Europe Methanol Historic Market, 2013 – 2017

    12.3. Eastern Europe Methanol Forecast Market, 2017 – 2021

    12.4. Eastern Europe Methanol Market, 2017, By Segment, Value ($ Million)

    12.5. Eastern Europe Methanol Market, 2013 - 2021, Historic and Forecast, By Segment

    12.6. Russia Methanol Market

    12.7. Russia Methanol Historic Market, 2013 – 2017

    12.8. Russia Methanol Forecast Market, 2017 – 2021

    12.9. Russia Methanol Market, 2017, By Segment, Value ($ Million)

    12.10. Russia Methanol Market, 2013 - 2021, Historic and Forecast, By Segment

    13.Middle East Methanol Market

    13.1. Middle East Methanol Market Overview

    13.1.1.Region Information

    13.1.2.Market Information

    13.1.3.Background Information

    13.1.4.End-User Industries

    13.1.5.Government Initiatives

    13.1.6.Regulations

    13.1.7.Regulatory Bodies

    13.1.8.Associations

    13.1.9.Investments

    13.1.10.Competitive Landscape

    13.2. Middle East Methanol Historic Market, 2013 – 2017

    13.3. Middle East Methanol Forecast Market, 2017 – 2021

    13.4. Middle East Methanol Market, 2017, By Segment, Value ($ Million)

    13.5. Middle East Methanol Market, 2013 - 2021, Historic and Forecast, By Segment

    14.Africa Methanol Market

    14.1. Africa Methanol Market Overview

    14.1.1.Region Information

    14.1.2.Market Information

    14.1.3.Background Information

    14.1.4.End-User Industries

    14.1.5.Regulations

    14.1.6.Regulatory Bodies

    14.1.7.Associations

    14.1.8.Investments

    14.1.9.Competitive Landscape

    14.2. Africa Methanol Historic Market, 2013 – 2017

    14.3. Africa Methanol Forecast Market, 2017 – 2021

    14.4. Africa Methanol Market, 2017, By Segment, Value ($ Million)

    14.5. Africa Methanol Market, 2013 - 2021, Historic and Forecast, By Segment

    15.Methanol Market Competitive Landscape And Company Profiles

    15.1. Methanol Market Competitive Landscape

    15.2. Methanol Market Competitor Profiles

    15.3. Methanex Corporation

    15.3.1.Overview

    15.3.2.Products And Services

    15.3.3.Strategy

    15.3.4.Financial Performance

    15.4. LyondellBasell Industries N.V.

    15.4.1.Overview

    15.4.2.Products And Services

    15.4.3.Strategy

    15.4.4.Financial Performance

    15.5. PetroChina Company Limited

    15.5.1.Overview

    15.5.2.Products And Services

    15.5.3.Strategy

    15.5.4.Financial Performance

    15.6. SABIC

    15.6.1.Overview

    15.6.2.Products And Services

    15.6.3.Strategy

    15.6.4.Financial Performance

    15.7. OCI N.V

    15.7.1.Overview

    15.7.2.Products And Services

    15.7.3.Strategy

    15.7.4.Financial Performance

    16.Methanol Market Key Mergers And Acquisitions

    16.1. Consolidated Energy Acquired Stake in Methanol Holdings (Trinidad) Ltd

    16.2. OCI N.V.Acquired Biomethanol Chemie Nederland

    16.3. US Methanol Corporation Acquired Methanol Business of Nafta Petrochem

    16.4. Sojitz Acquired Solvadis

    17.Methanol Market Trends and Strategies

    17.1. Auto Thermal Reforming

    17.2. Methanol As A Fuel In Vehicles

    17.3. Rise In Demand For Coal As Key Feedstock

    17.4. Petrochemicals Manufacturers Migration To Low Cost Locations

    17.5. Rising Methanol Prices

    18.Market Background: Chemicals Market

    18.1. Chemicals Market Characteristics

    18.2. Global Chemicals Historic Market, 2013 – 2017, Value

    18.2.1.Drivers of the Market

    18.2.2.Restraints on the Market

    18.3. Global Chemicals Forecast Market, 2017 – 2021, Value

    18.3.1.Drivers of the Market

    18.3.2.Restraints on the Market

    18.4. Chemicals Market Regional And Country Analysis

    18.5. Global Chemicals Market, Split By Region, 2017

    18.6. Global Chemicals Market, Historic And Forecast Growth Rate, Split By Region, 2013-2021

    18.7. Global Chemicals Market, Split By Country, 2017

    18.8. Global Chemicals Market, Historic And Forecast Growth Rate, Split By Country, 2013-2021

    18.9. Key Mergers And Acquisitions In The Chemicals Market

    18.9.1.Dow Chemical Merged With DuPont

    18.9.2.Sinochem And ChemChina Merger

    18.9.3.Bayer Acquires Monsanto

    18.9.4.ChemChina Acquired Syngenta

    18.9.5.Albemarle Corporation Acquired Rockwood Holdings

    18.9.6.Chemchina Corp Acquired Pirelli & C.S.p.A.

    18.9.7.Carlyle Group LP Acquired DuPont Performance Coatings

    18.9.8.Platform Specialty Products Corp.Acquired Arysta

    18.9.9.BASF Acquired Chemetall

    18.9.10.Lanxess AG Acquired Chemtura Corp.

    18.9.11.Kurita Water Industries Ltd.Acquired Fremont Industries, LLC

    18.10. Chemicals Market Trends and Strategies

    18.10.1.Shifting Production Facilities To Emerging Markets

    18.10.2.Chemical Manufacturers Adopting IoT Technology

    18.10.3.Rapid Evolution In Green Technologies

    19.Appendix

    19.1. Market Data Sources

    19.2. Research Methodology

    19.3. Currencies

    19.4. Research Inquiries

    20.The Business Research Company

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