Global Methanol Market was valued at USD 29.20 billion in 2021 and is expected to reach USD 41.43 billion by 2029, registering a CAGR of 4.47% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario

·      Over the recent years, clean fuels have gained a lot of traction. For environmental reasons, the usage of low-emission fuels has risen dramatically. During the assessment period, the use of methanol as a component in clean fuels might be a major development driver for the global methanol market.

COVID-19 Impact on Methanol Market

·      The recent outbreak of coronavirus had a negative impact on the methanol market. Market participants have been dealing with a variety of market issues as governments around the world plan to do estimations that will aid and play a positive role in halting the undesirable spread of the new coronavirus. Since the pandemic outbreak, global market participants and trends have suffered massive losses. The global market for methanol alcohol experienced major shifts in terms of growth and demand during the COVID-19 pandemic. COVID disrupted the entire logistics and supply chain system, so fluctuating raw material costs were a huge stumbling block.

·      Furthermore, market ventures are operating on a modest attribute, but they are boosting their research and development efforts, which will aid in contending for the rising failure to deliver and maintain acceptable economies of scale capacity.

Recent Development

·      In March 2021, Fairway Methanol LLC, which was formed through a 50-50 partnership between Mitsui & Co., Ltd and Mitsui & Co., Ltd, has decided to expand its facilities in order to increase methanol production (up to 130,000 tonnes per year) by purchasing and effectively utilising CO2 emitted from nearby plants (up to 180,000 tonnes per year).

·      In July 2021, Methanex Corporation and Mitsui O.S.K. Lines (MOL) announced that they have reached an agreement on Key Commercial Terms for the purchase and sale of an equity holding in Methanex's Waterfront Shipping (WFS) subsidiary and the formation of a strategic partnership. For USD145 million, MOL will purchase a 40% minority stake in WFS. WFS will continue to operate as a significant component of Methanex's worldwide supply chain capabilities, with Methanex holding the remaining 60% majority stake.

Global Methanol Market Scope

·      The methanol market is segmented on the basis of type, derivatives, sub- derivatives and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

·      Natural Gas

·      Coal

·      Others

Derivatives

·      Formaldehyde

·      Acetic Acid

·      MTBE

·      MMA

·      Gasoline Blending, Biodiesel

·      DME

·      TAME

·      DMT

·      MTO/MTP

·      Others

Sub-Derivatives

·      Gasoline additives

·      Olefins

·      UF/PF resins

·      VAM, Polyacetals

·      MDI

·      PTA

·      Acetate Esters

·      Acetic anhydride

·      Fuels

·      Others

End-Use Industry

·      Construction

·      Automotive

·      Electrical & Electronics

·      Pharmaceuticals

·      Packaging

·      Paints and Coatings

·      Agriculture

·      Others

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Methanol Market Regional Analysis/Insights

·      The methanol market is analyzed and market size insights and trends are provided by country, type, derivatives, sub- derivatives and end-use industry as referenced above.

·      The countries covered in the methanol market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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Competitive Landscape and Methanol Market Share Analysis

·      The methanol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to methanol market.

Some of the major players operating in the methanol market are

·      Methanex Corporation (Canada)

·      Proman (Switzerland)

·      SABIC (Saudi Arabia)

·      Yanzhou Coal Mining Company Limited (China)

·      ZPCIR (Iran)

·      Celanese Corporation (Texas)

·      BASF SE (Germany)

·      Petroliam Nasional Berhad (PETRONAS) (Malaysia)

·      Mitsubishi Gas Chemical Company Inc. (Japan)

·      Mitsui & Co., Ltd. (Japan)

·      LyondellBasell Industries B.V. (U.S)

·      OCI N.V. (Netherlands)

·      Metafrax Group (Russia)

·      SIPCHEM Company (Saudi Arabia) 

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MAJOR TOC OF THE REPORT

·     INTRODUCTION

·     MARKET SEGMENTATION

·     EXECUTIVE SUMMARY

·     PREMIUM INSIGHTS

·     MARKET OVERVIEW

·     QUESTIONNAIRE

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