Methanol Market Worth $26.6 Billion By 2025 | At A CAGR of 5.5%

The Methanol market size is expected to grow at a CAGR of 5.5%, by value, during the forecast period. The market is estimated to be USD 20.4 billion in 2020 and is projected to reach USD 26.6 billion by 2025. Thedriving factors for Methanol market is its growing demand from automotive industry.

COVID-19 Impact on the Methanol Market

The global Methanol market includes major Tier I and II suppliers like as Celanese Corporation (Texas), BASF SE (Germany), Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan). These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and Middle East & Africa. COVID-19 has impacted their businesses as well.

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Recent Developments

• In February 2019, it acquired a 365-kt synthesis gas production unit from Linde AG, located at Clear Lake, Texas facility. The acquisition strengthened the capability of managing future productivity and growth in the production of acetic acid.
• In June 2019, BASF and Sichuan Lutianhua Co., Ltd. (Lutianhua) signed an MoU to co-develop a pilot production plant that will significantly reduce carbon emissions and increase energy efficiency in producing dimethyl ether (DME) from syngas compared to the traditional process.
• In June 2020, Saudi Aramco acquired 70% stakes of SABIC from the Public Investment Fund (PIF), for a total purchase of USD 69.1 billion. This transaction enhances Aramco’s presence in the global petrochemicals industry, a sector expected to record the fastest growth in oil demand in the years ahead.

Methanol Market worth $26.6 billion by 2025

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APAC is expected to hold the largest market share in the global methanol market during the forecast period.

Asia Pacific accounted for the largest share of the Methanol market in 2020. Factors such as the rapidly increasing consumption of methanol in the automotive, construction and phramacutical industries in countries such as China, Japan, India, South korea and Australia have led to an increased demand for Methanol in the Asia Pacific region.

♦ Leading Key Players -

Celanese Corporation (Texas), BASF SE (Germany), Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan) are the leading methanol manufacturers, globally.

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Protective Packaging Market worth $37.0 billion by 2027 | At A CAGR of 4.31%

 The protective packaging market size is projected to grow from USD 24.3 billion in 2017 to reach USD 37.0 billion by 2027, at a CAGR of 4.31%.

The report "Protective Packaging Market by Material (Foam Plastics, Paper & Paperboard), Type (Flexible, Rigid, Foam), Function (Cushioning, Blocking & Bracing, Void Fill), Application (Food & Beverage, Consumer Electronics), and Region – Global Forecast to 2027"

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Target audience

• Manufacturers of protective packaging
• Importers and exporters of protective packaging
• Traders, distributors, and suppliers of protective packaging
• End users (food & beverage, healthcare, industrial goods, automotive, household appliances, and consumer electronics industries)

Based on application, the market has been segmented as follows:

• Food & beverage
• Health care
• Industrial goods
• Automotive
• Household appliances
• Consumer electronics
• Others

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“Asia Pacific to be the largest share in the protective packaging market by 2027”

On the basis of key regions, the protective packaging market is segmented into North America, Western Europe, Eastern Europe, Nordics, Asia Pacific, South America, Middle East, and Africa. The Asia Pacific region is estimated to account for the largest share among all the regions in 2017, and is projected to grow at the highest rate from 2017 to 2027, in terms of value. This can be mainly attributed to the increase in demand for protective packaging in China and India coupled with the growth in the food & beverage industry in these countries. The urbanized population is shifting its preference to healthy and safe packaged foods owing to the rise in disposable incomes.

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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USA : +1-888-600-6441
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