LONDON--(BUSINESS WIRE)--The methanol market is poised to grow by USD 15.62 billion during 2020-2024, progressing at a CAGR of 10% during the forecast period. Download Free Sample Report
The increasing adoption of MTO technology is one of the major factors propelling the market growth. However, factors such as fluctuating methanol prices is hampering the market growth.
MTO is a comparatively new and innovative technology, which is being used to produce propylene and ethylene from methanol. Methanol is primarily produced from coal and natural gas in regions where these raw materials are available in surplus. These raw materials help in producing methanol at a low cost in areas where the reserve of ethanol is limited. The MTO technique fills the propylene and ethylene demand and supply gap from refineries and steam crackers by manufacturing large volumes of propylene and ethylene. Thus, the increasing adoption of the MTO technology will drive the growth of the market during the forecast period.
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Global Methanol Market: End User Landscape
Based on the end user, the automotive segment is going to have a lucrative growth during the forecast period, as methanol is highly used in internal combustion engines of vehicles. Conventional fuels used in the automotive industry are now being replaced with more efficient alternatives, such as ethylene glycol and propylene produced from Methanol. In the automotive industry, derivatives of methanol, such as biodiesel, gasoline blended MTBE/TAME, and DME, are also used extensively.
Global Methanol Market: Geographic Landscape
By geography, Asia Pacific region is expected to offer several growth opportunities to market vendors during the forecast period. The growth of the methanol market in APAC can be attributed to the rising demand for methanol and its derivatives from the construction, automotive, textile, and furniture industries.
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Companies Covered
- BASF SE
- BP Plc
- Celanese Corp.
- ENERKEM Inc.
- Eni Spa
- LyondellBasell Industries NV
- Methanex Corp.
- OCI NV
- Petroliam Nasional Berhad
- Proman AG
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- Market share assessments for the regional and country-level segments
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- Covers market data for 2019, 2020, till 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five force summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Automotive - Market size and forecast 2019-2024
- Construction - Market size and forecast 2019-2024
- Electronics - Market size and forecast 2019-2024
- Paints and coatings - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by End-user
Market Segmentation by Derivative Type
- Market segments
- Comparison by Derivative Type
- Formaldehyde - Market size and forecast 2019-2024
- Acetic acid - Market size and forecast 2019-2024
- Gasoline - Market size and forecast 2019-2024
- DME - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Derivative Type
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- BASF SE
- BP Plc
- Celanese Corp.
- ENERKEM Inc.
- Eni Spa
- LyondellBasell Industries NV
- Methanex Corp.
- OCI NV
- Petroliam Nasional Berhad
- Proman AG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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