The data offered to us was exactly what we were looking for. On top of this, additional production is expected to come online in early 2021, with the startup of the 1.8 million mt/year YCI Methanol One plant in St. James, Louisiana, and the ramp-up to full rates of Caribbean Gas Chemical Ltd's 1 million mt/year production … Production of Methanol. Today, methanol is typically produced on an industrial scale using natural gas as the principal feedstock. “We are happy with the professionalism of your in-house research team as well as the quality of your research reports. ", GlobalData, Production capacity of methanol worldwide from 2018 to 2030 (in million metric tons) Statista, https://www.statista.com/statistics/1065891/global-methanol-production-capacity/ (last visited February 09, 2021), Production capacity of methanol worldwide from 2018 to 2030, Global share of petrochemical feedstock types by region 2017, Global share of upstream petrochemical capacity by chemical 2017, Global production capacity of methanol 2018-2030, Global capacity of paraxylene 2017 & 2022, Global polyethylene and polypropylene capacity 2017-2023, Global share of petrochemical feedstock consumption by type 2017, Global share of demand for petrochemicals by end use sector 2017, Global demand for polypropylene 2017-2022, Global polyethylene and polypropylene demand 2017-2023, Global consumption of polyvinyl chloride projection 2019-2021, Global price of high-density polyethylene 2017-2021, Global price of polyethylene terephthalate 2017-2021, Price of petrochemicals in the Americas during COVID-19 crisis 2020, European price of petrochemicals variation during COVID-19 crisis 2020, Asia price of petrochemicals variation during COVID-19 crisis April 2020, U.S. petrochemicals market size 2016-2027, U.S. petrochemicals market size by product 2017 & 2027, U.S. methanol production volume 1990-2019, Global market share of methanol by product 2016, Production value of methanol (methyl alcohol) in the EU-28 2014-2019, Methanol: sales volume in the United Kingdom (UK) 2010-2013, U.S. consumption of neat methanol by highway vehicles 2003, Yanzhou Coal Mining production volume by segment 2010-2019, Global production capacity of propylene 2018-2030, Global production capacity of vinyl chloride monomer 2018 & 2023, Global production capacity of ethylene oxide 2018 & 2023, Global production capacity of carbamide 2018-2030, Global production capacity of purified terephthalic acid 2018 & 2023, Global production capacity of polystyrene 2018 & 2024, Global production capacity of ethylene 2014-2024, Global production capacity of ethylene dichloride 2018 & 2023, Global production capacity of acetic acid 2018 & 2023, Production capacity of methanol worldwide from 2018 to 2030 (in million metric tons), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. The DME segment is expected to lead this market during the forecast period. GlobalData. A paid subscription is required for full access. Statista. Inhalation or consumption of it can lead to blindness, accumulation of acid in blood, and death. Nowadays it is largely manufactured from natural gas. The joint venture is expected to increase the presence of the companies in the global … Which is the leading segment in the market? The MTO/MTP segment is anticipated to grow at the highest CAGR during the forecast period. It is showcasing high demand from industries such as construction, automobile, and textile which is responsible for the overall market growth. The global methanol market size was estimated at USD 31.81 billion in 2018 and is projected to accelerate at a CAGR of 2.9% from 2019 to 2025. "Production Capacity of Methanol Worldwide from 2018 to 2030 (in Million Metric Tons) . I appreciate the timeliness and responsiveness of you and your team.”, © 2020 Fortune Business Insights . Plastics play an important role in the automobiles by reducing the overall weight of the vehicle, thereby imparting properties similar to metals, and improving the fuel efficiency of the vehicle. A world-scale methanol plant produces 5,000 metric tons per day – 600 million gallons/2.3 billion liters per year – by reforming natural gas with steam and then putting the resulting synthesis gas through conversion into liquid methanol. Increasing consumption of methanol for the production … Transition of Fuel Industry to Cleaner Fuels is a Prominent Trend. Asia Pacific dominated the market in terms of share in 2019. It acts as a feedstock for producing several chemicals ranging from solvents to plastics. We know where we will be getting business intelligence from in the future.”, “Thank you for sending the market report and data. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Research Lead covering energy, environment, chemicals & resources, Profit from additional features with an Employee Account. Methanol 2020 World Market Outlook and Forecast up to 2029 grants access to the unique data on the examined market. Who are the major players in this market? The versatile nature of this alcohol has been put to valuable applications to serve the needs of the growing world. The unforeseen effects of coronavirus have forced the major companies to temporarily shut down their manufacturing plants due to substantial decrease in the manufacturing activities. and over 1 Mio. Value (USD billion) and Volume (Million ton). Table 2: Methanol Industry, Global, Methanol Capacity by Top 5 Countries (mtpa), 2012–2022 17. The derivative formaldehyde segment is expected to remain the largest in terms of volume in the market during the forecast period. Please do not hesitate to contact me. Global production continues to increase. The fast-paced nature of the global methanol markets compels firms to have access to timely information for making production, consumption and investment decisions. Besides this, the report offers insights into the market trends and highlights key industry developments. As soon as this statistic is updated, you will immediately be notified via e-mail. The global market is fragmented. Methanol Market Future Demand, Latest Competitor Research, Segmentation Analysis and Regional Forecast 2020-2026. The methanol product segment is anticipated to witness robust growth on account of its high demand in the production of formaldehyde gasoline, methanol olefins, and other … Natural Gas Dominated the Market in 2019 Backed by its Cost-effective Nature. These thermoplastics are favored in various industries including automotive, construction, and furniture due to their versatility and other beneficial properties. These companies are implementing expansion and acquisition strategies to increase their presence in the market. COVID-19 Pandemic to Affect Market Severely Owing to Decline in Production. The monthly data supplement includes quarterly price forecasts, quarterly supply/demand balances and other supporting data, such as operating schedules, production economics and regional margin analysis. * Forecast. Additionally, the substitution of heavy fuel oils by methanol in the marine industry will have a positive effect on the growth of the market. Accessed February 09, 2021. https://www.statista.com/statistics/1065891/global-methanol-production-capacity/, GlobalData. The dominance of this segment is due to the comparatively lower cost required for production with significant output. "Innovative Market Solutions to Help Businesses Make Informed Decisions", Region : Global | Format: PDF | Report ID: FBI101552. Please contact us to get started with full access to dossiers, forecasts, studies and international data. For example, Methanex Corporation, one of the major players in the market, halted its plants located in Chile and Trinidad with the production capacities of 800 KT per annum and 850 KT per annum, respectively. The methanol production landscape is highly fragmented; the world’s top 10 producers account for less than 30% of global capacity. Please create an employee account to be able to mark statistics as favorites. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”, “Please pass on our sincere thanks to the whole team at Fortune Business Insights. Global Machined Ceramics & Glass-ceramics (MCG) Market Report available at MarketStudyReport.com gives an overview of the Machined Ceramics & Glass-ceramics (MCG) … Owing to the toxicity, it is usually added to ethyl alcohol to produce denatured alcohol which is used for industrial applications. The use of methyl alcohol as a transportation fuel provides advantages, including high octane fuels which minimize the toxic emissions when blended with gasoline and the production from renewable feedstocks. The global Methanol demand stood at 12.8 million tonnes in 2019 and is anticipated to grow at around CAGR 4.97% during the forecast period. Developing Regions Charge Ahead in Methanol Production Table 4: Global Methanol Capacity Expansions by Region /Country ... Methanol Trade Statistics Table 54: EU28 Imports of Methanol … A decline in the consumption of biodiesel and other fuels has cut down the demand for methyl alcohol. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. Production capacity of methanol worldwide from 2018 to 2030 (in million metric tons) [Graph]. China is the global leader in methanol use and has recently expanded methanol production capacity. Which region held the highest share in the market? We value them as a research company worthy of building long-term relationships.”, “Well done Fortune Business Insights! Many manufacturers are establishing new plants in the developing countries to serve the growing markets and gain upcoming opportunities. Since the early 2000s, China’s methanol consumption in fuel products has … Together, the United States and Brazil … As a Premium user you get access to background information and details about the release of this statistic. By continuing to visit this site you agree to our use of cookies . New, Figures and insights about the advertising and media world, Industry Outlook What is the key factor driving the market? Rising Demand from Automotive and Construction Industries to Propel Growth. The key players are investing in research and development activities to serve numerous markets. This feature is limited to our corporate solutions. As a Premium user you get access to the detailed source references and background information about this statistic. Developing Regions Charge Ahead in Methanol Production Table 4: Global Methanol Capacity Expansions by Region /Country ... Methanol Trade Statistics Table 54: EU28 Imports of Methanol … The coal segment is expected to grow at a significant CAGR during the forecast period due to the increasing usage of coal to produce methyl alcohol in countries with abundant coal production. To know how our report can help streamline your business, Speak to Analyst, MTO/MTP Segment to Grow at Fast Pace Stoked by High Demand from Various Industries. Globally, heavy fuels such as gasoline and diesel are the major contributors to environmental pollution, leading to numerous changes in the climate and global warming. A recently published report titled Global Cervical Traction Units Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 by MarketsandResearch.biz … The stoppage in the manufacturing sectors has minimized the demand for adhesives, paints, and chemicals derived from methanol, thereby contributing to the decline in its production. price discovery and market analysis for major methanol markets around the globe. October 1, 2020. Thank you Fortune Business Insights for your efforts and prompt response”, “I had a great experience working with Fortune Business Insights. A shift towards greener fuels is expected to drive the adoption of these products. The methanol market research report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, and leading applications of the product. The construction segment is expected to hold the largest share in the market during the forecast period. Global Methanol Market to 2023 - Capacities, Production, Consumption, Trade Statistics, and Prices Outlook Chemical Market Advisory Service: Global Methanol … facts. This statistic is not included in your account. Construction Segment to Register Higher CAGR during the Forecast Period. (October 1, 2020). These products have large application in the construction industry and their rising demand is expected to increase the consumption. According to IHS, global methanol … The increasing demand for polyolefins from several end-use industries will drive the methyl alcohol market. Registering a CAGR of 4.6%, the market will exhibit steady growth in the forecast period (2020-2027). You need a Single Account for unlimited access. The report covers global, regional and country markets of methanol It describes present situation, historical background and forecast Comprehensive data showing methanol capacities, production, consumption, trade statistics… It looks quite comprehensive and the data is exactly what I was looking for. The production process involves conversion of natural gas to syngas by partial oxidation or steam reforming, which is further processed to obtain methanol. Request a Free sample to learn more about this report. Fortune Business Insights says that the global methanol market size was USD 28.50 billion in 2019 and is projected to reach USD 40.48 billion by 2027. The report was very accurate and as per my requirements. All rights reserved. Methanol is a polar … Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Learn more about how Statista can support your business. Additionally, China being the major manufacturer and consumer of methyl alcohol derivatives will have a significant effect on the methanol market growth. Methyl alcohol acts as a precursor to various chemicals and compounds such as adhesives, plastics, textiles, insulation materials, and others. Worldwide, over 90 methanol plants have a combined production capacity of about 110 million metric tons (almost 36.6 billion gallons or 138 billion liters). This statistic has been assembled using several editions of the report. Which factors are expected to drive the adoption of methanol products? Based on derivatives, the market is segmented into formaldehyde, acetic acid, MTBE, DME, gasoline blending, biodiesel, MTO/MTP, solvent, and others. In Latin America and the Middle East and Africa, the rising construction and industrialization activities will progress the methyl alcohol market. Asia Pacific Methanol Market Size, 2019 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. An Infographic Representation of Methanol Market, To get information on various segments, share your queries with us. The global production capacity of methanol is expected to double in the eleven years from 2019 to 2030, from approximately 148 million metric tons in 2019, to around 311 … It is a key component in the production of adhesives, molding materials, and pesticides. Very satisfied with the overall report as it has helped me to build strategies for my business”, “This is regarding the recent report I bought from Fortune Business insights. Additionally, the increasing use in fuel blending applications is expected to progress the market growth. Please authenticate by going to "My account" → "Administration". The rising automotive industry in Europe will lead to the growth of the market in this region. Are you interested in testing our corporate solutions? Table 3: Major Methanol Industry, Global, Top 10 Planned and Announced Plants 19. The other health effects due to exposure include nausea, vomiting, heart and respiratory failure, seizures, and kidney failure. You can only download this statistic as a Premium user. The report covered all the points and was very detailed. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Production sites, office locations, distribution terminals and shipping lanes around the world Global methanol leader •Global production sites strategically positioned to supply every major global market •Extensive global … Methyl alcohol is mainly used as a solvent, alternate fuel source, and pesticide. Comprehensive data showing methanol capacities, production, consumption, trade statistics, and prices in the recent years are provided (globally, regionally and by country) ... World methanol … Chart. Methanex Corporation, HELM AG, and SABIC are the major players in the global market. Serving Numerous Markets Has Increased the Presence of Key Players in Global Market. Having used a large variety of primary and secondary sources, our … The natural gas segment held a dominant methanol market share in 2019. Corporate solution including all features. The United States is the world's largest producer of ethanol, having produced over 15.7 billion gallons in 2019. Looking forward to work together in the future”, “It has been a delightful experience working with you guys. You only have access to basic statistics. China is the largest producer of methanol and DME and leads the world market. View U.S. and world markets for ethanol production, along with statistics for ethanol supply, demand, import, export, trade, and ethanol yield. Then you will be able to mark statistics as favourites and use personal statistics alerts. 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