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Methanol Market – Global Drivers, Restraints, Opportunities, Trends & Forecast to 2023 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Methanol
Market – Global Drivers, Restraints, Opportunities, Trends & Forecast up
to 2023"
report has been added to ResearchAndMarkets.com's
offering.

The Global Methanol Market is Expected to Witness a CAGR of 7.4% to
Reach a Value of $48.62 Billion by 2023

The study of the global methanol market provides the market size
information and industry trends along with the parameters and factors
impacting it in both short- and long-term. The study also covers the
competitive scenario of the market with respect to major players with
their branding strategies and differentiating factors among others.

The study ensures a 360 view, bringing out the complete key insights of
the industry. These insights help the business decision makers to make
better business plans and informed decisions for the future business. In
addition, the study helps the venture capitalists and investment
professionals in understanding the companies better and take informed
decisions.

According to research, the global methanol market is expected to grow at
a CAGR of 7.4% during the forecast period to reach $48.62 billion by
2023. Formaldehyde segment is expected to maintain its dominance in
application segments, while fuel blending and MTO are expected to show
higher growth rates than other segments. The crude oil price
stabilization and Chinese advantage of domestic coal for olefin
production would be critical for external methanol demand there.

Almost all the new capacities are focused in the US and China with
objective of reaping benefits from cheap local feedstock. The prices in
the methanol market may vary in short-term but are expected to stabilize
in the next two years. Some of the prominent players in the global
methanol market are Methanex, Saudi Basic Industries Corporation
(SABIC), Sinopec, Lanxess, and Shin-Etsu.

Key Market Insights

The methanol enters the fuel stream either via direct blending or via
octane improvers such as methyl tertiary butyl ether (MTBE). The
methanol is also utilized for biodiesel adding the volume for fuel. The
biggest portion of global methanol and its derivatives ends up in
chemical manufacturing either as feedstock or as solvent. The chemical
derivatives from methanol covers a range of varieties including resins
for paints & paperboard to engineering plastic for automotive, and
solvents for fragrances to polyethylene terephthalate (PET) for bottles.

Currently the market is dominated by China which covers little less than
two-third of the global market for methanol. Large downstream capacities
have been added with methanol to olefins (MTO) expansions that has been
kept China in leading position for methanol consumption.

The US has been the second largest market with fuel blending supporting
the traditional downstream capacities. The US market currently stands
little less than 7% of the global market but is a significant market
nevertheless. The market growth in developing countries and additional
upcoming capacities in the US are expected to impact the trade scenarios
for methanol. Trade relations among the US and China would be critical
deciding factors in international pricing and trade flow.

Key Topics Covered

1 Executive Summary

1.1 China will Lead Asia Pacific's Extending Dominance

1.2 China Changing Market Trends with New MTO Capacities

2 Market Positioning

2.1 Industry Snapshot

2.1.1 Industry Overview

2.1.2 Key Trends

2.2 Related Markets

3 Market Outlook

3.1 Introduction

3.2 Value Chain Analysis

3.3 Market Segmentation

4 Market Characteristics

4.1 PESTLE Analysis

4.2 Porter's Five Force Analysis

4.3 Market Dynamics

4.3.1 Drivers

4.3.1.1 Cleaner fuel driven demand via blending and alternative fuel
options

4.3.1.2 Cheap feedstock availability in China and the US

4.3.2 Restraints

4.3.2.1 Crude oil price fluctuations impacting the methanol price &
manufacturers' margins

4.3.2.2 Increasing nationalism and widening trade rift across
geographies resulting in trade barriers

4.3.3 Opportunities

4.3.3.1 Fuel blending options in developing countries with upcoming
stringent regulations

4.3.3.2 Increasing demand from high growth traditional applications in
strategic geographies

4.3.4 DRO – Impact Analysis

4.4 Patent Analysis

5 Methanol Market, By Application/End-user

5.1 Overview

5.2 Formaldehyde

5.3 MTBE / TAME

5.4 Fuel Blending

5.5 Acetic Acid

5.6 Dimethyl Ether (DME)

5.7 Biodiesel

5.8 Solvents

6 Methanol Market, By Geography

6.1 Overview

6.2 Asia Pacific

6.3 North America

6.4 Europe

6.5 Rest of the World

7 Competitive Landscape

7.1 Competitive Regional Exposure Analysis

7.2 Growth Strategies Analysis

7.3 Market Developments

8 Vendor Profiles

8.1 Methanex

8.2 Saudi Basic Industries Corporation (SABIC)

8.3 Sinopec

8.4 Lanxess

8.5 Shin-Etsu

(Overview, product profile, business units, geographic revenues, recent
developments, business focus, SWOT analysis and business strategies have
been covered for all the vendors)

9 Customers Profile

9.1 BASF AG

9.2 BP PLC

9.3 Celanese

9.4 Hexion Inc.

9.5 The Perstorp Group

(Overview, product profile, business focus, and SWOT analysis have been
covered for all the customers)

10 Companies to Watch For

For more information about this report visit https://www.researchandmarkets.com/research/ndmd2m/methanol_market?w=4

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Related
Topics: Surfactants,
Solvents
, Fuel
Additives