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Methanol Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

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Methanol Market report categorizes global market by feedstock type, application, and end use industries - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024
Methanol Market - Global Industry Insights, Trends,
Outlook, and Opportunity Analysis, 2018-2026
Methanol is a liquid which is manufactured mostly through oxidization of methane or
through synthesis of carbon monoxide and hydrogen. Methanol is termed as wood alcohol
since it depicts properties similar to conventional fuels. Methanol is chiefly utilized as a fuel
in vehicles as well as an antifreeze solution in automobiles. It is also used as a feedstock for
manufacturing various products such as formaldehyde, acetic acid, MTBE, DME, and others.
It is used widely in numerous other industrial applications. It is a volatile, colorless, toxic,
and flammable liquid. Globally, methanol is produced at around 90 methanol plants. Most of
these methanol plants are located in Asia Pacific, Latin America, North America and others.
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Methanol market is segmented on the basis of feedstock type, application, and end-use
industry. On the basis of feedstock type, the market is segmented into oil & gas and coal. Oil
& gas feedstock segment is expected to contribute the major market share in the global
market. However, lower cost of coal has boosted coal based production of methanol. On the
basis of application, methanol market is segmented into formaldehyde, acetic acid, MTBE,
DME, and gasoline. Formaldehyde application segment of methanol holds major market
share and is expected to dominate the overall market during the forecast period. On the basis
of end-use industry, methanol market is segmented into automotive industry, construction
industry, and others. Automotive end user industry segment is expected to hold leading share
of methanol industry.
Revalent Scenario in Methanol Market
Methanol is extensively utilized at filling stations and as alternative fuel which is expected to
drive the demand for methanol. Methanol is widely used at various industries such as
construction, automotive, textile, and furniture industries. Increased activities in these
industries have further boosted the demand for methanol across the globe. Energy and
petrochemical industries have increased their production which has led to high demand for
methanol in these industries. Formaldehyde and acetic acid are widely used derivatives of
methanol across the globe. Natural gas is the primary source of feedstock for manufacturing
methanol. Asia Pacific is the leading market for methanol across the globe. China dominates
the methanol market in Asia Pacific. China has been utilizing coal as the primary source of
feedstock for methanol production owing to its low cost and easy availability. Share of coal
feedstock is expected to increase owing to increase in share of China in global methanol
market.
Future Outlook of Methanol Market
Globally, various mixtures of methanol are being utilized as alternative fuel source for
vehicles and other applications. This trend is expected to boost the demand for methanol.
Derivatives of methanol are widely used for various industrial applications and processes
which are expected to boost the demand for methanol in these industries. Applications such
olefins, DME, and gasoline blending provide huge growth opportunities for methanol market.
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