according to a new study published by Polaris Market Research. The report ‘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’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the natural gas feedstock segment dominated the market, in terms of revenue. In 2018, North America accounted for the majority share in the global market.
The global methanol market size was estimated to be USD 38.9 billion in 2018 and is estimated to reach USD 91.53 billion by 2026 growing at a CAGR of 9.8% during the forecast period. 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
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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 is crucially more complex with some of its derivative affordability highly dependent on fluctuations in the prices of crude oil. The global methanol industry is anticipated to witness moderate growth rates during the forecast period. This is due to maturity in direct gasoline blending and moderating growth rates of MTO projects, especially arising from the Northeast Asia.
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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Some of the major industry players for methanol :
Methanex Corporation, Methanol Production Company, Eastman Chemical Company, BASF SE, SABIC, and Petronas.
Polaris Market Research has segmented the global Methanol market on the basis of Product, Derivative, End-Use and region:
Methanol Product Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2015 – 2026)
Methanol Derivative Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2015 – 2026)
Methanol End-Use Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2015 – 2026)
Paints & Coatings
Methanol Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2015 – 2026)
North America (U.S., Canada)
Europe (Germany, UK, France, Italy, Spain, Belgium, Russia, Netherlands)
Asia-Pacific (China, Japan, India, Australia, Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines)
Latin America (Brazil, Mexico, Argentina)
Middle East and Africa (UAE, Saudi Arabia, South Africa)
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About Polaris Market Research
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 serve our diverse customer base 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 endeavour to deliver value-added business solutions to our customers.
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