In-depth Analysis of the COVID-19 Impact on Methanol Market

Methanol Market size was of worth USD 29.62 Billion in 2015, and is expected to register a CAGR of 12.4% between 2016 and 2021. In this study, 2015 is considered as the base year and 2021 as the forecasted year for estimating market size of methanol. The objective of the study are:

• To define and segment the methanol market by feedstock, derivative, sub-derivative, end-use industry, and region
• To estimate and forecast the market for methanol, in terms of value and volume
• To estimate and forecast the market for methanol by feedstock, derivatives, sub-derivatives, end-use industry, and region at country level

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The feedstock suppliers in the methanol market are oil & gas producing companies and coal mining companies. British Petroleum (U.K.), Shell (Netherlands), CNOOC (China), PEMEX (Mexico), China Shenhua Energy (China), Amuminium Corporation of China Limited (China), China Coal Energy (China), and others provide feedstock, namely, natural gas, and coal to the methanol manufacturers. Methanol manufacturing companies such as Methanex Corporation (Canada), SABIC (Saudi Arabia), and Mitsui & Co., Ltd. (Japan) process these feedstocks to prepare different types of methanol derivatives and sub-derivatives, which are suitable for various end-use industries incorporating new technologies.

On the Basis of End-use Industry:

• Construction
• Automotive
• Electronics
• Appliances
• Solvents
• Pharmaceuticals
• Insulation
• Packaging (PET Bottles)
• Paints & Coatings
• Others

Available Customizations: The following customization options are available in the report:

1. Company Information
2. Analysis and profiling of additional global as well as regional market players (Up to 3)

The global methanol market size, in terms of value, is projected to reach USD 54.16 Billion by 2021, at a CAGR of 12.4% between 2016 and 2021. The increasing use of methanol as fuel in the automotive industry, increasing olefins production from methanol-to-olefin/methanol-to-propylene (MTO/MTP) plants in China, increasing petrochemicals demand, globally, continuous expansions, and various joint ventures & agreements undertaken by different companies are the key factors for the growth of the global market.

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