Methanol Market

1. Methanol Market
Set to Exceed USD 91.53 Billion By 2026 | CAGR 9.8%
“Methanol Market Share, Size, Trends, & Industry Analysis Report, By
Feedstock (Natural Gas, Coal), By Derivatives (Formaldehyde, Acetic
Acid, Gasoline, MTO, Gasoline, MMA), By End-Use (Automotive,
Construction, Electronics, Paints & Coatings, Pharmaceuticals), By
Regions: Segment Forecast, 2019 - 2026”

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The global methanol market is estimated to reach USD 91.53 billion by 2026 growing at a CAGR of 9.8% during
the forecast period, according to a new study published by Polaris Market Research.
Methanol is one of the largely produced chemicals in bulk by making use of feedstock such as natural gas and
coal. Approximately 200,000 kilo tons of methanol is being consumed every day for the production of other
chemicals or as transportation fuels. The global methanol industry apart from large number of producers
constitutes of thousands of technology innovators, distributors, service providers, and downstream
manufacturers.
Rising formaldehyde manufacturing is primarily driving the global methanol demand. Methanol is a key
chemical in the production of formaldehyde which is further modified to from glues, resins, and plastics. It is
also used largely in the production of acetic acid which is used in the manufacturing of PET products and
polyester fibers. Methanol is among one of the largest industrial chemicals that is an essential building block
for other chemical compounds.
One of the fastest growing end-use of methanol in the current scenario includes methanol to olefins (MTO).
Ethylene and propylene are olefins with massive demand in the plastic growth. MTO growth opportunities have
majorly appeared in China and are typically produced by the steam cracking of ethane and naphtha.
Methanol Market Estimate & Forecast to 2026

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Methanol Market Scope
3
By Feedstock By Derivatives By End-Use
•Natural Gas
•Coal
• Formaldehyde
• Acetic Acid Gasoline
• MTO
• Gasoline
• MMA
•Automotive
•Construction
•Electronics
•Paints & Coatings
•Pharmaceuticals
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By Region
•North America (U.S., Canada)
•Europe (Germany, UK, France, Italy, Spain)
•Asia Pacific (China, India, Japan, South Korea)
•Latin America (Brazil, Mexico, Colombia)
•MEA (Saudi Arabia, South Africa, Israel, UAE)

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Asia Pacific is the dominant regional market for methanol followed by North America and Europe respectively.
Northeast Asia is is the major region for the production of methanol. While the production stagnated in most of
the regions since the turn of the century, it gained immense significance in Northeast Asia due to high demand
from China.
Regions such as Middle East are low cost regions with competitive production, where it is basically a swing
supplier to North America and Europe. The global ethanol pricing originates is China and on basis of same
benchmarking the prices are set by the Middle East.
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Global methanol market constitutes of large number of multinational and domestic companies and is highly
fragmented. Some of the major industry players for methanol include Methanex Corporation, Methanol
Production Company, Eastman Chemical Company, BASF SE, SABIC, and Petronas.
Methanol Market Estimate & Forecast to 2026

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Methanol Market Size
5
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Polaris Market Research is a global market research and consulting company. The company specializes in providing
exceptional market intelligence and in-depth business research services for our clientele spread across different
enterprises. We at Polaris are obliged to e present across the industries of healthcare, technology, semi-conductors
and chemicals among various other industries present around the world.
We strive to provide our customers with updated information on innovative technologies, high growth markets,
emerging business environments and latest business-centric applications, thereby helping them always to make
informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely
qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added
business solutions to our customers.
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