Dublin, March 24, 2022 (GLOBE NEWSWIRE) -- The "Methanol Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Derivative End-User Industry" report has been added to ResearchAndMarkets.com's offering.
The methanol market is projected to reach US$ 41,974.76 million by 2028 from US$ 28,114.27 million in 2021; it is expected to grow at a CAGR of 5.9% from 2021 to 2028.
Methanol, also known as methyl alcohol, is the simplest from the long series of alcohols, prepared by directly combining carbon monoxide gas and hydrogen in the presence of a catalyst. Methanol is used in fabricating different products such as adhesives, paints and coatings, carpet underlay, wood panels, methanol, fuel system, components, brake pads, paper towels, cosmetics, carpeting, furniture, and cabinets.
Based on derivative, the global methanol market is segmented into formaldehyde, acetic acid, methanol-to-olefins (MTO) / methanol-to-propylene (MTP), methyl tertiary-butyl ether (MTBE), methyl methacrylate (MMA), biodiesel (gasoline blending), dimethyl ether (DME), and others. The formaldehyde segment is anticipated to grow at the highest CAGR during the forecast period. Formaldehyde is a colorless poisonous gas synthesized through methanol oxidation. It is used as an antiseptic, disinfectant, and general-purpose chemical reagent in laboratory applications. Formaldehyde is also widely used in the pharmaceuticals industry in the production of vaccines, anti-infective drugs, and hard-gel capsules. Moreover, formaldehyde finds applications as a preservative in food, medicines, and cosmetics.
Based on geography, the market is segmented into North America, Europe, Asia Pacific, South and Central America, and the Middle East & Africa. In 2020, Asia Pacific accounted for the largest share of the market. Asia-Pacific is one of the major consumers of methanol due to the rise in petrochemicals production in the region. China is the global leader in methanol consumption owing to a sharp rise in the use of methanol in fuel products. The compound is used in the large-scale production of petrochemicals, and the rise in petrochemicals demand is propelling the methanol market growth in this region. Moreover, the use of petrochemicals in end-user industries, such as construction and automotive, is the primary factor driving the methanol market.
The ongoing COVID-19 pandemic has negatively influenced the growth of the methanol market owing to disruptions in construction activities and halt in expansion or new construction of plants and factories. Also, industries such as construction, paints and coating, electronics, and packaging have been affected by sudden disruptions in operational efficiencies and value chains due to the sudden shutdown of national and international boundaries for travel and trade. However, the growing demand for methanol products in the pharmaceuticals industry is anticipated to drive market growth in the coming years.
Reasons to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global methanol market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Methanol Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Methanol Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing use of Methanol as Feedstock in Various Applications
5.1.2 Rising Application of Methanol in Construction Activities
5.2 Market Restraints
5.2.1 Detrimental Effect of Methanol on Human Health
5.3 Market Opportunities
5.3.1 Growing Adoption of Methanol as Blended Fuel in Transportation Industry
5.4 Future Trends
5.4.1 Rising Trend of Green Methanol
5.5 Impact Analysis
6. Methanol - Global Market Analysis
6.1 Methanol Market Overview
6.2 Methanol Market -Revenue and Forecast to 2028 (US$ Mn)
6.3 Market Positioning - Methanol Market Players
7. Methanol Market Analysis - By Derivative
7.1 Overview
7.2 Methanol Market, By Derivative (2020 and 2028)
7.3 Formaldehyde:
7.3.1 Overview
7.3.2 Formaldehyde: Methanol Market - Revenue and Forecast to 2028 (USD Mn)
7.4 Acetic Acid
7.4.1 Overview
7.4.2 Acetic Acid: Methanol Market - Revenue and Forecast to 2028 (USD Mn)
7.5 Methanol-to-Olefins (MTO)/Methanol-to-Propylene (MTP)
7.5.1 overview
7.5.2 Methanol-to-Olefins (MTO)/Methanol-to-Propylene (MTP): Methanol Market - Revenue and Forecast to 2028 (USD Mn)
7.6 Methyl Tertiary-Butyl Ether (MTBE)
7.6.1 Overview
7.6.2 Methyl tertiary-butyl ether (MTBE): Methanol Market - Revenue and Forecast to 2028 (USD Mn)
7.7 Methyl methacrylate (MMA)
7.7.1 Overview
7.7.2 Methyl methacrylate (MMA): Methanol Market - Revenue and Forecast to 2028 (USD Mn)
7.8 Biodiesel (Gasoline Blending)
7.8.1 Overview
7.8.2 Biodiesel (Gasoline Blending) : Methanol Market - Revenue and Forecast to 2028 (USD Mn)
7.9 Dimethyl Ether (DME)
7.9.1 Overview
7.9.2 Dimethyl ether (DME):Methanol Market - Revenue and Forecast to 2028 (USD Mn)
7.10 Methyl methacrylate (MMA)
7.10.1 Overview
7.10.2 Others: Methanol Market - Revenue and Forecast to 2028 (USD Mn)
8. Methanol Market Analysis - By End-Use
8.1 Overview
8.2 Automotive
8.2.1 Overview
8.2.2 Automotive: Methanol Market - Revenue and Forecast to 2028 (US$ Million)
8.3 Construction
8.3.1 Overview
8.3.2 Construction: Methanol Market - Revenue and Forecast To 2028 (US$ Million)
8.4 Electronics
8.4.1 Overview
8.4.2 Electronics: Market - Revenue, and Forecast to 2028 (US$ Million)
8.5 Packaging
8.5.1 Overview
8.5.2 Packaging: Methanol Market - Revenue and Forecast To 2028 (US$ Million)
8.6 Pharmaceuticals
8.6.1 Overview
8.6.2 Pharmaceuticals: Methanol Market - Revenue and Forecast To 2028 (US$ Million)
8.6.3 Paints and Coatings
8.6.4 Overview
8.6.5 Paints and Coatings: Methanol Market - Revenue and Forecast To 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Methanol Market - Revenue and Forecast To 2028 (US$ Million)
9. Methanol Market - Geographic Analysis
10. Impact of COVID-19
10.1 Overview - Impact of COVID-19
10.2 Impact of COVID-19 on Methanol Market
10.3 North America: Impact Assessment of COVID-19 Pandemic
10.4 Europe: Impact Assessment of COVID-19 Pandemic
10.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.6 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.7 South America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. COMPANY PROFILES
12.1 Methanex Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.2 OCI N.V.
12.3 BASF SE
12.4 SABIC
12.5 Mitsubishi Gas Chemical Co.
12.6 HELM AG
12.7 Celanese Corporation
12.8 Zagros Petrochemical co.
12.9 Mitsui and co. ltd.
12.10 LyondellBasell Industries Holdings B.V.
13. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/1rp6qg
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